Where the heck did this Jubi exchange come from - all the sudden, it's the #1 exchange?
Was this a name change, or something?


http://coinmarketcap.com/exchanges/volume/24-hour/

Am I reading this right?

So, after BTER, and many others, what'll be the next exchange to fail?

about 5,000 BTC dumped yesterday:

https://blockchain.info/charts/balance?address=36PrZ1KHYMpqSyAQXSG8VwbUiq2EogxLo2

a total of about 80% of their approx 25,000 BTC has been dumped since October

There is some hilarious (and very sad) anti-bitcoin humor on this reddit:
http://www.reddit.com/r/Buttcoin

including this
http://www.reddit.com/r/Buttcoin/comments/2ugdyn/butters_begin_to_come_to_the_startling/
http://www.reddit.com/r/Buttcoin/comments/2surcf/btc_bulls_that_cry_btc_buy_the_cliff_btc_boy_is/
and this
http://www.reddit.com/r/Buttcoin/comments/2uiv4e/buttcoin_song_time/

I imagine can't be a very good sign that this crypto ecosystem is all that healthy (if anyone needed any more signs of that).
Let's all hope 2015 will mark a reversal, for alts and blockchain tech in general if not for bitcoin in particular, which is looking pretty far gone these days.

The following comment makes a bunch of what seem like fair points about what's keeping crypto from being more widely adopted.
How would you address this criticism or how are developers planning to address these?


---
http://www.coindesk.com/bill-gates-bitcoin-alone-wont-solve-global-payments-challenges/#comment-1812123320

"What advantages does Bitcoin (or any other crypto-currency) bring to consumers? I can use a credit card online / offline much easier and cheaper then I can BTC. With Bitcoin you have to go through the hassle of acquiring it (not to mention fees), then a couple cents to send it to the merchant (miner fee). The best part is waiting for the confirmations... My most recent BTC transaction took over an hour to receive a single confirmation. Say someone manages to steal my Bitcoins, or I accidentally send them to the wrong address. Oops, they are gone forever. So now I also have to worry about and spend the time to secure my funds. With a credit card I get paid to use it (through rewards points, not carrying a balance), if a thief manages to steal money from me I can dispute the charges and get my cash back. Transactions are instant and painless, no need to go through multiple steps. I have been with Bitcoin for nearly three years now, I actually understand how it works. Its not an efficient system. Look up Ripple if you want to see a system that could actually work in our society and not some fantasy land"

----

The following comment makes a bunch of what seem like fair points about what's keeping crypto from being more widely adopted.
How would you address this criticism or how are developers planning to address these?


---
http://www.coindesk.com/bill-gates-bitcoin-alone-wont-solve-global-payments-challenges/#comment-1812123320

"What advantages does Bitcoin (or any other crypto-currency) bring to consumers? I can use a credit card online / offline much easier and cheaper then I can BTC. With Bitcoin you have to go through the hassle of acquiring it (not to mention fees), then a couple cents to send it to the merchant (miner fee). The best part is waiting for the confirmations... My most recent BTC transaction took over an hour to receive a single confirmation. Say someone manages to steal my Bitcoins, or I accidentally send them to the wrong address. Oops, they are gone forever. So now I also have to worry about and spend the time to secure my funds. With a credit card I get paid to use it (through rewards points, not carrying a balance), if a thief manages to steal money from me I can dispute the charges and get my cash back. Transactions are instant and painless, no need to go through multiple steps. I have been with Bitcoin for nearly three years now, I actually understand how it works. Its not an efficient system. Look up Ripple if you want to see a system that could actually work in our society and not some fantasy land"

----

"...at its fundamental level all a pump does is move around a finite pool of capital unequally between investors. For every owner to be able to cash out at the inflated price, a new entrant has to be willing to takeover his position at the same value. The more overvalued the price relative to the number of holders of the stock, the less likely all of them will be able to leave at the inflated price."

"But with Bitcoin the situation is even more twisted than that. On one hand you’ve got elements evangelising about the need to accelerate user and merchant adoption for real-world transactions, and on the other hand you’ve got a community of colluding speculators out to destabilise the very people whose loyalty and trust must be gained if the thing is ever to achieve real-world transaction currency status. In that sense, it’s the equivalent of a parasite stifling the host it depends on."

http://ftalphaville.ft.com/2015/01/16/2091482/how-to-corner-markets-bitcoin-style/

"...at its fundamental level all a pump does is move around a finite pool of capital unequally between investors. For every owner to be able to cash out at the inflated price, a new entrant has to be willing to takeover his position at the same value. The more overvalued the price relative to the number of holders of the stock, the less likely all of them will be able to leave at the inflated price."

"But with Bitcoin the situation is even more twisted than that. On one hand you’ve got elements evangelising about the need to accelerate user and merchant adoption for real-world transactions, and on the other hand you’ve got a community of colluding speculators out to destabilise the very people whose loyalty and trust must be gained if the thing is ever to achieve real-world transaction currency status. In that sense, it’s the equivalent of a parasite stifling the host it depends on."

http://ftalphaville.ft.com/2015/01/16/2091482/how-to-corner-markets-bitcoin-style/

Altcoins are a mess, but Bitcoin's looking pretty vulnerable to being booted from the #1 spot. Which coin do you think has a chance to emerging as a serious threat to bitcoin in 2015 (or 2016/2017)? Ethereum, NEM, Counterparty, NectarCoin? Something else?

[But bitcoin isn't benefiting from crisis this time.]

Roughly two years ago, Cyprus' banking system started imploding, leading to the first big price rally in bitcoin powered in large part by a surge in perceptions that it was an alternative to the flawed banking system in crisis.

Well, something similar could be happening in Russia right now - with the rubble collapsing and inflation heading up (wiping out savers purchasing power).

But bitcoin isn't benefiting from crisis this time. It's been sinking along with the ruble.

In fact, bitcoin doesnt seem to be benefiting at all from many signs the entire global financial system might be heading for another implosion.

Is bitcoin no longer viewed as a safe haven? I think its instability over the past year has really damaged its prospects of being viewed as a safe haven. Looks like it's being treated as anything but a safe haven. It's been behaving like just another pump and dump altcoin.

Altcoin market these days is terrible - but dont underestimate the opportunity available to any serious altcoin to displace bitcoin. Bitcoin is not the heavyweight it used to be anymore.

[But bitcoin isn't benefiting from crisis this time.]

Roughly two years ago, Cyprus' banking system started imploding, leading to the first big price rally in bitcoin powered in large part by a surge in perceptions that it was a  safe alternative to the flawed banking system in crisis.

Well, something similar could be happening in Russia right now - with the rubble collapsing, inflation heading up (wiping out savers purchasing power) and growing talk that Russia will impose capital controls to prevent capital from fleeing (just like Cyprus did).

But bitcoin isn't benefiting from crisis this time. It's been sinking along with the ruble.

In fact, bitcoin doesnt seem to be benefiting at all from many signs the entire global financial system might be heading for another implosion.

Is bitcoin no longer viewed as a safe haven? I think its instability over the past year has really damaged its prospects of being viewed as a safe haven. Looks like it's being treated as anything but a safe haven. It's been behaving like just another pump and dump altcoin.

Cinnicoin
Craigscoin
Judgecoin
Israelcoin

Others with 0 volume or close to 0 volume on Bitt-wrecks:
http://coinmarketcap.com/exchanges/bittrex/

169    New Universal DollarNew Universal Dollar    NUD/BTC    $ 1    $ 0.000609    0.00 %    Recently
170    XCloudcoinXCloudcoin    XCLD/BTC    $ 1    $ 0.001756    0.00 %    Recently
171    REKTcoinREKTcoin    REKT/BTC    $ 1    $ 0.001476    0.00 %    Recently
172    SparkSpark    SPARK/BTC    $ 1    $ 0.002009    0.00 %    Recently
173    UnattainiumUnattainium    UNAT/BTC    $ 1    $ 0.022716    0.00 %    Recently
174    DarkkushDarkkush    DANK/BTC    $ 1    $ 0.000371    0.00 %    Recently
175    Viking CoinViking Coin    VIK/BTC    $ 1    $ 0.099137    0.00 %    Recently
176    BlueCoinBlueCoin    BLU/BTC    $ 1    $ 0.000049    0.00 %    Recently
177    EthercoinEthercoin    ETC/BTC    $ 1    $ 0.643973    0.00 %    Recently
178    TrustPlusTrustPlus    TRUST/BTC    $ 1    $ 0.000507    0.00 %    Recently
179    CleanWaterCoinCleanWaterCoin    WATER/BTC    $ 0    $ 0.000076    0.00 %    Recently
180    TalkcoinTalkcoin    TAC/BTC    $ 0    $ 0.000250    0.00 %    Recently
181    EthereumDarkEthereumDark    ETD/BTC    $ 0    $ 0.000541    0.00 %    Recently
182    InkWayCoinInkWayCoin    LKNX/BTC    $ 0    $ 0.000307    0.00 %    Recently
183    DimecoinDimecoin    DIME/BTC    $ 0    $ 0.000004    0.00 %    Recently
184    CHCCoinCHCCoin    CHCC/BTC    $ 0    $ 0.000613    0.00 %    Recently
185    XXXcoinXXXcoin    XXX/BTC    $ 0    $ 0.000182    0.00 %    Recently
186    BurnerCoinBurnerCoin    BURN/BTC    $ 0    $ 0.000923    0.00 %    Recently
187    JudgecoinJudgecoin    JUDGE/BTC    $ 0    $ 0.000151    0.00 %    Recently
188    RawCoinRawCoin    RAW/BTC    $ 0    $ 0.000223    0.00 %    Recently
189    MineralsMinerals    MIN/BTC    $ 0    $ 0.000719    0.00 %    Recently
190    BritCoinBritCoin    BRIT/BTC    $ 0    $ 0.000382    0.00 %    Recently
191    AxronAxron    AXR/BTC    $ 0    $ 0.000730    0.00 %    Recently



RIP soon.

Add your own favorites.

Curious - is there a particular reason why Cryptsy doesn't host ICOs?

Should bitcoin be viewed as just another altcoin/sh*tcoin now?

Which exchange tends to have the best track record in listing more high-quality coins that last and provide a positive return (as opposed to being a pump-and-dumping ground)? Which one is positioned (volume-wise) to become the next leader? BTER or BT38?