Well, this is a good solution for me. Especially if Ethereum 2.0 will be supported by Binance. I don’t have the financial ability to have as many coins as needed for a stake. Therefore, such a platform is a very good way of staking for me.
That is not advisable. Binance has history of theft of their users' coins under their custody by hackers. It would be safer to hold eveything you do not trade in your wallet and join a staking pool. Also, for decentralization, Binance staking might not be good for Ethereum 2.0 itself. |
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Lee said he believes the cryptocurrency space is "too small for the institutional world." Lee goes on to compare bitcoin's relatively small market size to that of gold, stocks, and bonds. "Gold is 9 trillion. The stock market is 66 trillion the bond market is 86 trillion, bitcoin is not even half a percent of the total assets," Lee says, adding that "if you’re asking someone to allocate 1% to bitcoin — that’s like triple the market weighting, like you’re you’re asking someone to make a massive bet even though it’s 1% of their assets because bitcoin is that small."
"It’s probably correct I think about 1% of the U.S. owns bitcoin and at that size it’s too small for an institution, it’s a hobby," Lee concludes.
Another barrier preventing institutional investors from entering the cryptocurrency space is a lack of infrastructure, Lee says. However, Lee believes this is due to the lack of regulatory protection. "There’s not enough legal and regulatory protection for bitcoin in the U.S. to prevent a White House executive order banning bitcoin, like nothing today would prevent bitcoin from being outlawed in the U.S."
Due to regulatory uncertainty, Lee believes institutional investors will feel they are taking on "reputational risk" for "extending it to a market that has no regulatory protection..." Never thought I'd see Tom Lee so bearish on the fundamentals!  I always said if Tom Lee ever becomes a bear, that's the time to go all in. Well ladies and gentlemen, we've got our signal. We're probably on the verge of a major bull run now. It is not only about the fundamentals. I speculate he knew something would occur, however, it did not push through on the last minute. Also, if bitcoin pumps to $25k, !kcab si eeL moT hehehe. |
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? ok, so the actual Lightning devs seem to be saying that real-world instances of the exploit have happened, not just a bunch of whiners from competing cryptocurrencies. That's not to say that someone couldn't be deceiving the devs, you have to take these claims on trust, as it'd be simple to falsify any evidence. But I guess that must be the underlying point: some person who the Lightning devs genuinely trust have reported this to them.
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Our favorite permabull might be admitting defeat. Tom Lee was interviewed and it appears that he already has silently surrendered and ready to remove himself from his own bullishness on bitcoin. I reckon this might be because his speculations about institutional investors to buy bitcoin by this time of the year did not come to fruition. In this week's episode of The Scoop, Tom Lee, Managing Partner and Head of Research at Fundstrat Global Advisor, tells The Block about the barriers preventing institutions from investing in bitcoin.
"There's a mechanical issue for crypto in terms of infrastructure that’s needed but there’s probably also a size of market issue," Lee tells The Block.
Lee said he believes the cryptocurrency space is "too small for the institutional world." Lee goes on to compare bitcoin's relatively small market size to that of gold, stocks, and bonds. "Gold is 9 trillion. The stock market is 66 trillion the bond market is 86 trillion, bitcoin is not even half a percent of the total assets," Lee says, adding that "if you’re asking someone to allocate 1% to bitcoin — that’s like triple the market weighting, like you’re you’re asking someone to make a massive bet even though it’s 1% of their assets because bitcoin is that small."
"It’s probably correct I think about 1% of the U.S. owns bitcoin and at that size it’s too small for an institution, it’s a hobby," Lee concludes.
Another barrier preventing institutional investors from entering the cryptocurrency space is a lack of infrastructure, Lee says. However, Lee believes this is due to the lack of regulatory protection. "There’s not enough legal and regulatory protection for bitcoin in the U.S. to prevent a White House executive order banning bitcoin, like nothing today would prevent bitcoin from being outlawed in the U.S."
Due to regulatory uncertainty, Lee believes institutional investors will feel they are taking on "reputational risk" for "extending it to a market that has no regulatory protection..."Source https://www.theblockcrypto.com/linked/42086/tom-lee-on-the-main-hurdles-preventing-institutional-investors-from-getting-into-bitcoin |
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@Tipstar. It appears more like a fee demanded by the SEC to let past and present ICOs continue their projects. For future ICOs, we do not know. The SEC might stop it, however, how can the SEC do it unless they shutdown the platform hosting the ICO?
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Tom Lee oh Tom Lee where art thou my Tom Lee.
#Shakesperean haiku
No change in my prediction. Always $25k, for Tom Lee hehehe.
Please read prices Not valid Change it to $26k. Thank you. |
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@1Referee. Where is the fud? You also agree on the bugs and more hidden bugs. You have also mentioned that there are tradeoffs.
Also, I am wrong about saying the Lightning network is transforming bitcoin from safe to unsafe money. I should have said from safe transactions to unsafe transactions.
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@djsugar. Agreed. It might be because of his quiet manner and his unwillingness to join the trashtalking versus the other fighters.
@notblox1. He might lose, however, everyone will know why they call him Bobby Knuckles hehehehe.
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Is what Ripple doing something similar to an ICO? It appears it is, I reckon hehehe. It might also become the longest running ICO in the cryptospace's history hehehe. I predict another settlement with the SEC to continue operations hehe.  Ripple just unlocked $1 billion XRP worth $256 million from escrow.
The movement makes the funds available for the company to sell to crypto exchanges, institutions and other third parties.Ripple owns more than half of all XRP in existence and created the escrow account in May of 2017 to help manage its holdings. The company placed $55 billion in escrow. It releases a portion each month in order to sell some of its holdings over-the-counter (OTC). At the end of the month, Ripple will move whatever portion it does not sell back into escrow. Read in full https://dailyhodl.com/2019/10/01/1000000000-xrp-ripple-taps-into-escrow-wallet-to-release-new-batch-of-crypto/ |
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@bigslimvdub. That does not imply that there was a big attraction on Aeon before this bear market, however. We remained a small project during 2017's bull market and I reckon it will be similar during the next bull market.
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Tom Lee oh Tom Lee where art thou my Tom Lee.
#Shakesperean haiku
No change in my prediction. Always $25k, for Tom Lee hehehe.
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@1Referee. Unknown bugs and attack vectors are fud? Will it stop to be fud only until someone loses his money because of a bug in the Lightning network?
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Never designed for scalability but that didn't stop them from promoting it as "the world computer".
I have great respect for Vitalik as a nerd but he's too often sounding like a shyster. Make up your mind, is it the world computer, or your backyard computer.
Agreed! The community should also learn how to distinguish between scamming and confident hopefulness. Both of them can be similar hehehe. |
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They are paying the fee voluntarily to continue developing their projects undisturbed. I speculate that the scam ICOs will never settle and they are beginning to formulate their exit scam plans. Wait for those news articles hehehe. Boston-based Nebulous, makers of the Sia network for decentralized data storage, has settled with the U.S. Securities and Exchange Commission (SEC) over an unregistered securities offering and conversion scheme.
In a blog post Tuesday, the company announced the settlement without admitting fault. It will pay disgorgement of $120,000, prejudgment interest of $24,602 and a civil money penalty of $80,000. At the time of the 2014 token sale, Nebulous raised approximately $120,000.
The Sia settlement comes just a day after the announcement of Block.One’s $24 million settlement with the SEC for the EOS maker’s $4.1 billion securities sale.Source https://www.coindesk.com/sia-reaches-225k-sec-settlement-over-120k-unregistered-token-sale
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I Like the Rays, Yankees, Astros, Braves and Diamondbacks, any of these teams could very well make it!
As far as my final predictions for the Finals. I am going for the underdogs.
I would like to see Astros vs the Braves. With the Astros going all the way!
Astros are a great team. I made money off of betting them this year. Atleast we know now that it is playoff season the starters and best pitchers should be well rested. I think we are in for some good games.
I like the cardinals as well as they can sink some buckets but I would not bet them to win. If I bet cardinals I bet the over as they can score but the games are always to close for comfort!
The Diamondbacks are not in the playoffs hehe. Agreed on the Astros. They have the best chance to be in the world series versus maybe the Yankees from the American league. However, I wish it would be the Dodgers versus the Yankees hehehe. |
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This GSP vs. Khabib again.
GSP is getting older so don't expect him to push himself again to fight at 155. He doesn't need this fight. He is open for it but he would not lose sleep if the fight doesn't materialize due to the weight terms. Khabib, on the other hand, can easily move up in weight to make this happen. I'm pretty sure the contract would have been signed already if only the the fighters, not including UFC and the managers, will talk.
I reckon that it might take 6 months or more for an older fighter like him. Also, not only to lose the weight but lose it and be in the best fighting condition. @seoincorporation. Khabib will handle and smesh Nate for 5 rounds hehehe. |
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I am literally shaking my head. What is this? It appears that the settlement is really a payment for Block One and EOS to continue on without liabilities from the American government. I predict more payments from other projects to the SEC to continue hehehe. In any case, is this a silent surrender made by the SEC because they cannot stop the ICOs? Has the cryptospace won?  Dan Larimer, the tamer of SECEOS maker Block.One must pay $24 million in penalties for conducting an unregistered securities sale, the U.S. Securities and Exchange Commission (SEC) announced Monday evening.
The SEC said in a press release that Block.One “raised the equivalent of several billion dollars” over a one-year period in an unregistered initial coin offering (ICO). (A total of $4.1 billion was raised.) Block.One agreed to settle the charges, according to the SEC.
The fine amounts to 0.58 percent of the initial raise.
Notably, the press release highlighted that Block.One’s token sale began shortly before the SEC released its DAO Report but “continued for nearly a year after the report’s publication.” The company did not secure an exemption from securities registration requirements and did not otherwise register the sale, the SEC said.
In its own press release, Block.One said the settlement only applies to the sale of the original ERC-20 token it sold. EOS holders swapped their ethereum-based tokens with the proper EOS tokens when the network first went live.
More significantly, Block.One’s statement said that its ERC-20 token is no longer in circulation “and will not require the token to be registered as a security with the SEC.”Read in full https://www.coindesk.com/eos-maker-block-one-settles-with-sec-over-unregistered-securities-sale |
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@BitHodler. I am skeptical. They might be fake.
I'm obviously skeptical too, but we can't rule out any of these claims either. I'm trying to find the conversation on Twitter where I read the complaints but without success. My browser deletes history upon exit. I'll keep searching. Maybe that Carlton Banks can hop in to shed light on this matter as he is much closer to the workings and progress on the side of the developers, but I'm not sure if he's going to do so because it might feed the skeptics and haters. In any case, I did not intend for this to irritate some people when I said Lightning network can quickly transform bitcoin as secure money into bitcoin, the unsafe money. But it did in a way, however.
It's important to choose your words wisely, because there is no other way to decipher what you wrote. Not the first time though.... I know I might be wrong sometimes, however, is it not right for someone to criticize, to question and to make skeptical comments in the forum anymore? Is it deserving for someone to be accused of opening a discussion because I only want attention? The argument does not need to be deciphered. No one agreed because it is an unpopular opinion. Bitcoin transactions might be insecure in the Lightning network because of unknown bugs and attack vectors. True or false? |
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@mindrust. Quietly waiting for Grin on $0.50 hehehe. Watch everyone come back when it begins to fall near target to get ready to buy hehe!
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