It is funny that there are cryptospace deniers and cynics left who are becoming so blatant in trying to steer the conversation to bitcoin's hype is gone and therefore everyone should avoid it.

This article was published on almost the same time as when bitcoin started to pump and break $7000 with high volume. Coincidence?



J.C. Parets, a technical markets analyst in New York, remembers getting multiple phone calls a day about cryptocurrencies late last year. Clients, old high school friends, strangers and even his 88-year-old grandmother were intrigued.

“It wasn’t even like ‘should I buy crypto’ but instead it was ‘which one?’” he said. “Everyone was in on it.”

Four months later, those calls stopped coming.

“Nobody cares anymore,” Mr. Parets said.

To be sure, crypto die-hards are still passionate about digital currencies. But many first-time bitcoin buyers who came into the market in December and January are sitting on losses. Mainstream interest in the cryptocurrency market has diminished.

Regulators in the U.S., South Korea, and India are trying to curb speculative activity. Facebook Inc., Google Inc. and Twitter Inc. are banning advertising related to cryptocurrencies to stop scammers from promoting fraudulent schemes on these social-media platforms.

“All the hype is gone,” said Vijay Boyapati, a software engineer in Seattle who previously worked at Google and a food-delivery startup, and is nevertheless preparing to take a job in the cryptocurrency industry. “I think right now we’re in the boring phase.”

Read in full https://www.wsj.com/articles/bitcoins-hype-vanishes-just-like-that-were-in-the-boring-phase-1523534400

I reckon the Monero development team said it best. They would support ASICs only if their production was commoditized. Meaning, if given no choice, they would switch to a mining algorithm where it would be easy to create and produce ASIC chips for it. They want easy access for all manufacturers while trying to avoid a Bitmain centralization type scenario.

There are parts of this article that are so funnily written, as if the author was trying to market bitcoin cash as the better coin for everyday payments. What he  failed to see is that both bitcoin and bitcoin cash transactions are recorded on a blockchain. Blockchains are known to reach a limit per block, 1mb for bitcoin, then the fees go up and it will also have longer confirmation waiting times. We have seen it happen on Ethereum and we will also see it on bitcoin cash.

Also making blocks bigger will not solve the problem. As they become full, it will only externalize the costs somewhere else instead of the users.



Furthermore, merchants are eager to start using Bitcoin Cash, according to BitPay, which processes transactions in Bitcoin for hundreds of thousands of merchants including Microsoft and Newegg. In December 2017, merchants were alarmed when the Bitcoin network became overwhelmed with activity and the fee for a single Bitcoin transaction surged. Bitcoin Cash, because of its higher transaction capacity, is theoretically resistant to this kind of surge. BitPay started offering its clients the option to accept payments in Bitcoin Cash in addition to Bitcoin earlier this year. “Ninety percent of our large merchants have turned it on,” said chief commercial officer Sonny Singh.

Bitcoin Cash detractors like to call the cryptocurrency “Bcash,” “Btrash,” or simply, a scam, while Bitcoin Cash advocates insist that their implementation is a more pure form of Bitcoin. (A Bitcoin Cash conference that met in Tokyo in March was called “Satoshi’s Vision.”) “They have inferior technology so they rely on censorship to try to stop the advances of the one true Bitcoin,” tweeted billionaire Bitcoin Cash proponent Calvin Ayre.

Read in full https://www.theverge.com/2018/4/12/17229796/bitcoin-cash-conflict-transactions-fight

The good thing is that it appears the platform does not store plaintext passwords for all compromised accounts found in its database.

Could this also be a trick to scare you? They can mix in the compromised accounts with accounts they do not have the passwords to but pretend they do. That's an easy $10 extorted per person. How can they prove that they can have access to your account? What would stop me from changing my passwords today?

Also, most email accounts today do not contain important information anymore, only social media notifications hehehe.

Sometimes exchanges have trouble in running a coin's broken node software. It was the reason why Bittrex deactivated and delisted a lot of coins last month. They were projects that were left or exit scammed by their development teams.

The Harder The Fall, The Higher The Rise

Not necessarily. But the opposite is always true.

A quick and hard fall creates fear among the participants in the market, and it makes them more careful in coming back in. While a quick and sudden rise also creates fear when it starts to fall, making them careless and wanting to be first out the door, that will cause the quick and hard fall.

Staged or not, the drama built up for Conor versus Khabib is now set. I hope the fight will be in Russia on September hehehe.

Dana's only job is now to make sure and help Conor settle all his legal problems and be cleared to fight at the soonest possible time.

Bitsport.bet is now offline completely. They went from not paying some of their players' withdrawals, to maintenance mode, then went completely offline. It would be now safe to say that they are gone, I reckon.

Also, I speculate that their deposit bonus was what really hurt them financially. Cheaters opened multiple accounts and took advantage of the bonus, and took a good amount of bitcoins from the site.

Hehe I was only joking. The liquidity for Aeon is so low that I wouldn't recommend anyone to buy 100k coins. What would happen if you decide to sell all of them? You would crash the price if you cannot look for a buyer off-exchange.

Best to contact smooth, americanpegasus here on bitcointalk/katiecharms in /r/aeon on Reddit and maybe sammy007. They may or may not sell that much coins but they might be able to point you to people who could.

What's wrong with using Bittrex hehehe?

@Mobstar99. Yes but to use Ripple you have to have a minimum amount required of XRP in your wallet to activate it and all fees in Ripple are paid in XRP. It would be impossible for a bank not to use XRP if they want to use Ripple.

Also, I know the developers could have designed it not to have a token, but they way it was designed requires XRP. So saying that there is no need for XRP to use Ripple is wrong.

I am not defending them but you should have the facts right.

@Febo. But there already are ASICs for Aeon. Bitmain's miners can be configured to mine cryptonight light if what I heard is correct.

Then if miners find it profitable to mine Aeon then that's where they will go.

Also, remember the sudden increase in hashrate last year? That might not be botnets, but Bitmain.

I reckon this is where we begin to see Darwinism happen in the cryptospace. The weak will die and only the strong shall live on and survive. The scams will be exposed and only the real projects with real grassroots support and the best open source developers, who require no outside monetary support, will survive.

What betting bots? I don't see anything.

@yahoo62278 and Byteball. Thank you again.

This is something that I cannot agree with. One of the features that retains a cryptocoin's value is fungibility, and without privacy, having fungibility is impossible.

I also hope that bitcoin's developers start seriously working on a privacy feature that would mitigate the government from prying on our transactions.

A free world cannot really be free if an authority is able to invade our privacy.



Cryptocurrency investigation enterprise Chainalysis is releasing a product called Know Your Transaction (KYT) designed to help businesses track customers that may be involved in illicit cryptocurrency-related activity. The company’s clientele includes the Federal Bureau of Investigation (FBI), the Drug Enforcement Administration (DEA) and Europol.

Per a recent blog post, Chainalysis stated that it holds a lot of faith in both cryptocurrencies and blockchain technology:

“Blockchains create new ways for people to build trust among themselves and transact using cryptocurrencies. Cryptocurrencies have, in turn, inspired people to reimagine the financial machinery that powers world commerce. People are collecting land in virtual realities, conducting real-time payments for computation services, and buying collectible cats on the internet. This is just the beginning of worldwide access to financial instruments.”

Read in full https://bitcoinmagazine.com/articles/new-know-your-transaction-tool-enables-enhanced-blockchain-investigation/

That is a very good question. I sometimes ask that myself. But as a longterm altcoin holder in Aeon, I speculate that the future of the cryptospace will not be a single currency ecosystem, but a place where there are different coins complementing each other. It has to be. Can you imagine the cryptospace that has only one coin to rule them all? That would be so boring.

@Febo. I am not as optimistic on Aeon this year after the Bitmain Cryptonote ASICs exposé. As the smaller project, I reckon Aeon can adjust more quickly if it embraces the use of ASICs.

I read katiecharms' post about changing the mining algorithm to stop ASICs and then decide to use an ASIC friendly algorithm if the plan doesn't work.

It will not work, I reckon. The ASICs are coming.

What are the Monero development team's thoughts on when ASICs, or more specifically Bitmain, started entering the Cryptonote mining space? Do you reckon that it might be longer than 3 months including testing?

Bitmain might have started mining XMR on November 2017 while tests started on July of the same year.

https://bitinfocharts.com/comparison/hashrate-xmr.html

The Monero development team cannot fork everytime there is an Asic threat on the horizon. They have to think of the long term solution and embrace Asic mining at some point in the future, I reckon.

Monero will not become as big as bitcoin if their developers hard fork every 6 months and change consensus rules on a whim like they did.

@tropyc. What about Bitconnect? Wasn't that one of the biggest scams in the history of the cryptospace?

Also, I know that there are real projects that want to use the blockchain to solve problems in the real world. But what they are really doing is trying to solve the centralization problem and replaced them with a scaling problem, a token distribution problem, a community management problem and a sustainability problem.

Some developers have become aware that they will fail in the middle of their project's development but yet continue to pretend that everything is business as usual. Isn't that also a form of scamming?