I reckon what saved Ethereum from being classified as a security was proof of work. Yes it had an ICO, but the distribution of ETH after that was done by mining. I am eager to know how the SEC proceeds in labeling other ICOs that use proof of stake or delegated proof of stake. I speculate that those tokens that were distributed centrally with no mining might be labeled as securities.  The token, the coin, all by itself is not a security, U.S. Securities and Exchange Commission (SEC) Director of Corporate Finance William Hinman said in a surprise announcement today.
“If the network on which the token or coin is to function is sufficiently decentralized, and the purchasers no longer have a reasonable expectation that a person or group is going to carry out a central managerial or entrepreneurial efforts, those assets might not represent an investment contract,” Hinman said before adding:
“Moreover, when the efforts of a third party are no longer key in determining the enterprise’s success, material information asymmetry recedes.
What the third party promoters know about, but investors don’t know about, if this is highly decentralized, that information asymmetry recedes.
As the network becomes more truly decentralized, the ability even to identify a promoter, or someone that could make the requisite disclosures, becomes in many cases difficult or perhaps much less meaningful…
Putting aside the fundraising that accompanied the creation of ether, based on my understanding of the present state of ether, the ethereum network, its decentralized structure, we believe current offers and sales of ether are not securities transactions.Read in full https://www.trustnodes.com/2018/06/14/ethereum-not-security-icoed-security-tokens-can-become-non-securities-says-sec |
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Can anyone explain why there is a correlation between the bitcoin futures' expiration and the sell off of real bitcoins? Is the connection a real one or is this only one of those market conditions that go away after the general feeling on the market has changed?  The co-founder of Fundstrat Global Advisors and outspoken crypto bull Tom Lee blames Cboe futures for Bitcoin’s recent sell-off.
In a new note to investors, Lee wrote “Bitcoin sees dramatic price changes around Cboe futures expirations,” reports CNBC. “This was something flagged by Justin Saslaw at Raptor Group. We compiled some of the data and this indeed seems to be true. Overall, bitcoin has fallen 18 percent in the 10 days prior to CBOE contract expiration.”
Cboe futures expired Wednesday, as the price of BTC fell to $6,300 – its lowest level since February. Today Bitcoin rebounded and is currently up more than 5% on CoinMarketCap.
As for the future price of Bitcoin, Lee is still as bullish as ever, with his end-of-the-year price target locked at $25,000.Read the full article https://dailyhodl.com/2018/06/14/bullish-strategist-tom-lee-blames-bitcoin-futures-for-recent-market-sell-off/ |
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Anyone can tell you that a commodity cannot jump from $1000 to $19 000 in a couple of months without manipulation. So this should not even be news.  The Tether angle is new, so I would give you that. Everyone seems to be looking for an explanation on why the price is dropping and why we do not have a great year, but the answer is right in front of you. Bitcoin is based on Supply & Demand, and the Supply has increased and the demand has decreased.  Agreed. But the research paper also mentioned that more USDT were issued as the price of bitcoin was falling. When bitcoins are falling the demand transfers to USDT. High demand also makes USDT higher in price against US dollars. To maintain the $1.00:1USDT peg, the issuers have to issue more USDT. |
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Western Union are muggers.
They charge insane amount of money when people need a quick and omnipresent option. They are looting for years.
Online payment gateways paypal, skrill or likes are much more cheaper than it but are hassle doing on the go and are not present everywhere.
Cryptocurrencies are the solutions but the problem arises again for cashing out. So, we either need a great deal with banks like Ripple is trying to make or a huge community of crypto exchangers.
There might be a use for Ripple in the banking space to make payments cheaper. But what Ripple is not is decentralized, therefore it is not a cryptocurrency. If Ripple as a company admits that Ripple the platform is centralized, it will make them look less of a scam in the cryptospace community. |
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@BitHolder. I reckon the mainstream news media will start to shift their attention and FUD from ICOs to fiat tokens in conjunction with the efforts of the regulators to stop them, now that Ethereum is declared not a security.
@Thadeos. Yes because when bitcoin is falling, that is when USDT is in high demand. The issuer has to issue more to keep the price to the $1.00 peg.
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Also before blaming the people, can you scientifically explain why the people's predictions are delaying the reversal?
I don't think I'll be able to meet your scientific standards, but the most simple explanation is that market makers always bet against the sentiment. Right now people hold coins they bought during the rally and for that reason are waiting and hoping for a reversal. It means that there are more people waiting for an increase rather than actually contributing to that increase they are expecting. By having the sentiment change dramatically, which is happening with how the price is going down, the majority of the noobs will end up selling their coins to prevent further devaluation of their coins. It means that you artificially created a new source of capital that will help you inflate the next fomo run, and all other people that were waiting for a lower price to enter will bring in their capital as well. I think a dip under $6000 will be that last push.... But how would you expect them to contribute to the next increase that everyone might be expecting if they have already contributed to the last rally and now they are bagholding on a loss and have no more left to contribute? It was a very selfish comment to blame it on them. They already did their contribution and some traders already made money out of the contribution. |
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How closely is the Monero development team pursuing Bulletproofs? I reckon they are on Kovri's development, but is the research group looking at Bulletproofs closely and initial planning for it starting?
Just to say, Bulletproofs and Kovri are developed by two separate teams, so they getting progress simultaneously. According to Monero roadmap, both Bulletproofs and Kovri are scheduled this year, I suppose between fall and xmas. I think BF is qued to roll out on next update (i think it was ready for the last but the devs correctly held it back for testing) and I'm not sure where korvie is. Ok. How much smaller will Monero's blocks be after the upgrade to Bullet Proofs? Also, what is the average block size of Monero right now? About 1/10th. average blocksize: currently 140 kb or so :https://www.moneroblocks.info/stats/block-medians I once tried to sync the blockchain but I gave up because it became very slow near the end. I assume that was RingCT making the blocks bigger than it should have been.
u should try again, there have been some improvements, and there will be more soon. Also, get an SSD. It can sync in 5 hours. It is surprising that the blocks are not that big. I was expecting larger than average bitcoin blocks because of RingCT. But why does syncing slow down very much starting at a definite height? It appeared like Monero had 3mb blocks hehehe. |
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Would it be worth it if we pay to have Aeon listed in a small unknown exchange? Maybe with the new codebase it can be requested to be listed back to Poloniex again, or Cryptopia. Also why was it delisted in Cryptopia? A small exchange should be happy to list Aeon hehehe. |
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The Cointelegraph article is clickbait FUD. Read this one. https://www.pymnts.com/blockchain/bitcoin/2018/bitcoin-rise-tether-exchange-crypto/From that article it said one important detail. The authors found that Tether was used to purchase bitcoin at pivotal points when the price of the cryptocurrency was falling.Maybe this is what happens when bitcoin's price is falling, users sell bitcoins for USDT, and the outcome is USDT price increases because of high demand versus the US dollar, so the solution is to issue more USDT to peg the price back to $1.00. |
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Did you see what Fortune did there? They made a clickbait title and quoted the CEO of Western Union that said Ripple's xRapid product is more expensive than Western Union. But read further to the highlighted post and you can see why this is clickbait hehehe. I hate to defend Ripple, I reckon it is a centralized token platform, not a real coin but the mainstream media should be more responsible in the way they release the news.  Ripple has long touted its blockchain technology—and the cryptocurrency XRP, of which it still owns a majority—as a faster and cheaper way to move money internationally. But Western Union CEO Hikmet Ersek said that while his company is still experimenting with Ripple’s product xRapid—which uses XRP as a conduit to transfer money between foreign currencies—for payment settlements, it has not saved money so far.
“We are always criticized that Western Union is not cost-efficient, blah blah blah, but we did not see that part of the efficiency yet during our tests,” Ersek told Fortune in an interview Wednesday at the Economic Club of New York.
“The practical matter is it’s still too expensive,” Ersek added, noting that Western Union would only be interested in adopting XRP for payments if it proved that it could lower the company’s costs.
Indeed, Western Union has sent just 10 payments using xRapid to date—far too few to reap significant results, according to Asheesh Birla, Ripple’s senior vice president of product.
“If they were to move volume at scale, then maybe you would see something, but with 10, it’s not surprising that they’re not seeing cost savings,” Birla said. “They do millions of transactions a month, and I’m not surprised that with 10 transactions it didn’t have earth-shattering results.”Read the full article http://fortune.com/2018/06/13/ripple-xrp-cryptocurrency-western-union/ |
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@Hydrogen. Nothing but more drama conjured from Dana's storyboard for the UFC weltherweight championship that might happen on the end of 2018. I reckon the UFC will include it in the same fight that has Conor versus Khabib.
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Did Aeon fork into 2 chains?
Technically yes (as is always the case, there is always someone who doesn't upgrade) but there is no evidence of any uptake of the pre-V7 chain (no exchanges listing it, no projects claiming to take on support of it, etc.) One advantage of Aeon over Monero is it can fork but does not have the risk of splitting into 2 or more supported chains because the community is small and can be herded in 1 way towards the real chain. What is your assessment on Aeon as the first to test Bulletproofs and be the first Cryptonote based coin to release it with RingCT enabled? I reckon the developers should keep pushing it while hardforking is easily managed and while everyone is not looking hehehe. If Aeon grows larger in the future, illegitimate forks like Monero Classic will emerge inevitably just because the financial stake becomes higher. Whether the community is united well or not won't matter much. The first CryptoNote coin that adopted Bulletproofs is Wownero, AFAIK. Some may see this as irresponsible of them because the audit process funded by the Monero community is still going on, but others may see it OK because Wownero is supposed to be a joke coin and is allowed to do wild experiments. To me, the most reasonable path for Aeon would be to adopt Bulletproofs a little after Monero adopts it, because that way we can be sure that it's working well and has no issues. As someone once said somewhere, maybe Monero is Aeon's testnet... But Aeon does have a testnet. It can be tested there before releasing it officially. I reckon Aeon should be Monero's testnet and not the opposite. Monero has so much more to lose in my opinion. Telling everyone that Monero is Aeon's testnet would only be deluding ourselves. |
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How closely is the Monero development team pursuing Bulletproofs? I reckon they are on Kovri's development, but is the research group looking at Bulletproofs closely and initial planning for it starting?
Just to say, Bulletproofs and Kovri are developed by two separate teams, so they getting progress simultaneously. According to Monero roadmap, both Bulletproofs and Kovri are scheduled this year, I suppose between fall and xmas. I think BF is qued to roll out on next update (i think it was ready for the last but the devs correctly held it back for testing) and I'm not sure where korvie is. Ok. How much smaller will Monero's blocks be after the upgrade to Bullet Proofs? Also, what is the average block size of Monero right now? I once tried to sync the blockchain but I gave up because it became very slow near the end. I assume that was RingCT making the blocks bigger than it should have been. |
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I wouldn't say that it's the most optimistic prediction, since there is still a possibility at this moment that $6k would act as the effective support and prices would simply not go down under that level during the bear market. It's possible, but unlikely.
Which is it? Will it go down under $6000 or not? I hate all these safe predictions from people who want to appear smart but does not risk of being wrong. Make a real prediction and tell us your opinion why. |
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How closely is the Monero development team pursuing Bulletproofs? I reckon they are on Kovri's development, but is the research group looking at Bulletproofs closely and initial planning for it starting?
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Did Aeon fork into 2 chains?
Technically yes (as is always the case, there is always someone who doesn't upgrade) but there is no evidence of any uptake of the pre-V7 chain (no exchanges listing it, no projects claiming to take on support of it, etc.) One advantage of Aeon over Monero is it can fork but does not have the risk of splitting into 2 or more supported chains because the community is small and can be herded in 1 way towards the real chain. What is your assessment on Aeon as the first to test Bulletproofs and be the first Cryptonote based coin to release it with RingCT enabled? I reckon the developers should keep pushing it while hardforking is easily managed and while everyone is not looking hehehe. |
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@LTU_btc. Yes, because the sport has become so boring over the years. I thought it would change when Liberty Media bought Formula 1 Group from Bernie Ecclestone and the new car specifications. But I still read the news to keep me up to date hehe.
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Please, lower your predictions people. The sooner the average joes do that, the sooner we can reverse. Currently we are experiencing the exact opposite -- the hopes for a return to peak levels is still thriving and very much spreading like a virus due to all the empty bullish predictions we are being flooded with. It's the media as a whole being responsible for that. They know exactly how to troll the gamblers in the crypto space. Isn't it obvious already that with so much hype around bullish predictions the market isn't doing shit? Don't follow the mainstream media that knows nothing about crypto. Wake up....
Hehehe do not blame the people's expectations if it becomes a prolonged the bear market. Many of us are nothing but longterm losers in this game. Also before blaming the people, can you scientifically explain why the people's predictions are delaying the reversal? |
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We also have one of the lowest userbase. The Aeon market is also not doing very good.
AEON have quite big number of usebase compared to other coins. But yes, most just hold it and not really use. Lets hope that will change in upcoming years. Second layer solutions will help with that also. Sorry but I disagree. Second layer solutions will only be as useful as a solution if there are enough active users using Aeon. Also, why would developers waste their time implementing something that no one will use? |
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Who will develop it him or you? Would that proposal be accepted by bitcoin's developers and the community? You all talk like it was very easy or you think that are so smart. But in truth you cannot look more stupid than you are now.
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