21 block producers were selected from the voting of said millions.
But gods knows how many people voted for it. And again now its just 21 block producer.
Handful of people controlling the 10billion $ coin.
These people are entities can totally be influenced or controlled by a single entity or their local governments.
That would certainly compromise our expectations.
Does anyone know how many EOS tokens does Dan Larimer control? It might be that he has set up a team of people he knows to join the ICO phase. Besides that, Block One already holds 10% of all EOS tokens. That gives us the question who voted for who to be EOS' block producers? They might be controlled by one group of people connected to Dan. |
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@smooth. I reckon someone between you, stoffu or american pegasus need to contact Poloniex and make some proposal and tell them that Aeon is now upgraded?
Also, how was Aeon listed the first time?
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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. It was removed from Cryptopia due to a large chain rollback/reorg. I don't remember the specifics, but they said it fucked their database up and were pissed, so that was that. That's about right. There was a bug in the daemon and some nodes (including Cryptopia's) got stuck on an invalid fork. In fact most transactions confirmed on both chains and there were no significant losses for anyone, but as stated above, it apparently was a database issue for Cryptopia. Ok, no more chance that Aeon will be listed in Cryptopia hehehe. But what about Poloniex? I assume they delisted Aeon because it was hard running a node with less than 8gb of RAM and the codebase was outdated. Will there be a chance it can be listed again now that the codebase is updated? |
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With the eos launch just happening it seems like it’s getting a lot of attention. It worries me that there are only 21 block producers because that’s so few people that need to collude to just do whatever they want. A way around this is that you could start your own eos network but that would be at least somewhat costly to set up and smaller fragmented networks are less secure than one big one. Also you’d have to convince people to join your network.
Did I miss anything? I find this deeply concerning
EOS investors should be more concerned in how the SEC classifies EOS. Ethereum is not a security under the SEC's guidelines because its coin distribution after coin offering is decentralized, EOS is not. Also collusion is very easy in EOS. The blockchain freeze proved that the 21 Block Producers, like a board of directors in a company, can all talk and can decide what to do with the platform. I reckon there is nothing wrong in that, but as an investor, you should know that EOS is not decentralzed and the SEC's classification is unknown. It might be a security. |
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Since bitcoin futures is a contract to buy or sell bitcoin at a specific point of time(at a specific price), it somehow affects bitcoin one way or another.
These contracts don't buy you anything since there are no real Bitcoins involved. These are purely cash settled contracts. At the moment your contracts expire, you either end up losing cash, or the platform will pay you cash. What most people tend to ignore, and I actually think is the main reason, is the fact that there are too many circulating coins at this point. We have had several years where the circulating number of coins was decreasing rapidly, which resulted in the price to increase, but due to the insane peak of last year, these coins are back in the market again. I don't know how long it will take for these coins to be put into a long sleep, but in the worst case we'll head back to levels before the craze started. In other words, it's just the good old supply and demand being the main cause of this year's decline. Then there is no connection, and that Tom Lee is only pouring out his frustrations because his $25 thousand bitcoin prediction will not come true? But how would you explain the selloff of real bitcoin when the futures contracts expire? |
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New research, old news. New research, same old themes. It's actually something I believe is happening, but as the critics point out, this type of research is hardly scientific and not peer reviewed (not that peer review these days is actually resulting in any better research!). Correlation, as well, is certainly not causation.
I shouldn't be surprised that false scientists are coming up to take their fame, publication is all that matters, and it won't matter if the methodology isn't sound or if this ever retracted.
Or the scientific paper is FUD paid for by the bitcoin haters who call it rat poison squared or maybe from the one who says he will fire any employee caught trading cryptocoins hehehe. |
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@Hydrogen. Nice choice if words in using dinosaur to describe Yoel. I do not know if it is positive or negative in the way you used it hehehe.
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50% of coins held by a project's foundation is hardly decentralized. Tokens issued from an ICO should be less than 10% of the entire maximum coin cap, I reckon.
In any case, the question remains. Are cryptotokens like EOS or ADA securities under the SEC's definition?
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I think that Tom Lee is incompetent,but I agree that bitcoin futures have some impact that pushes the bitcoin prices down.Why don`t we do something to force CME to cancel BTC futures trading.Maybe write a petition or
raise awareness.How come btc futures trading is still allowed,but the US authorities think that the BTC market is manipulated.It`s absurd to trade futures for an asset, that is known for it`s price manipulations.
But how does the bitcoin futures market have an impact? Is it psychological, coincidence, or something else? I reckon it should have an impact if there are real bitcoins delivered after the contracts expire. But there is none. The futures market is more the same to CFD trading. |
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@Thadeous. That is nothing but mainstream news creating FUD no matter if the news itself is true or not. As far as we should be concerned, all of them should be treated as fake news until the articles are verified.
Also you have to understand that making FUD is good business hehehe.
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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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