I shake my head that as a CEO of the world's largest alternative investment firm, Stephen Scharzman does not understand bitcoin after all the years. He might be hiring the wrong advisors hehe. In any case, this might be good because it might be a sign that it is the beginning of a blockchain season that might begin another altcoin season hehehehe.  The billionaire CEO of alternative investment firm Blackstone says he loves blockchain, but will never invest in Bitcoin.
Stephen Schwarzman tells Fortune he’s not interested in Bitcoin or crypto assets, saying he doesn’t know why they’re necessary.
Schwarzman says he doesn’t get why anyone would want or need a currency that’s not controlled by governments and banks, and he’s concerned about Bitcoin’s use among criminals.
As for blockchain as a whole, Schwarzman says he’s a believer in the technology and expects his firm will invest in many blockchain-related projects.
“There’s all kinds of uses you can have from certain executions. [Blockchain technology] is a very good idea, and it will end up being adopted because it’s good technology. Applying it to the creation of money is sort of, for my taste, pretty odd.”
Blackstone has been under Schwarzman’s leadership since it was founded in 1985.
As the world’s largest alternative investment firm, it has over 800 subsidiaries around the world, according to an SEC list dated December of 2017. It now has $472 billion in assets under management, operating out of New York and specializing in private equity, credit and hedge fund investment strategies.Read in full https://dailyhodl.com/2019/09/22/ceo-of-worlds-largest-alternative-investment-firm-vows-never-to-buy-bitcoin/ |
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Did you see the spin in this article? Someone on Twitter criticized that ethereum's fees are going higher than bitcoin's fees. The spin here is where this ethereum news website is claiming that ethereum dapps and tokens are gaining traction hehehe. However, it is true, high fees is caused by too much usage in the blockchain and it will continue as long as usage increases. Remember the Cryptokitties? That is not the problem. The problem here is the finger pointing. I remember on 2016 some ethereum developers criticizing bitcoin for high fees, slow confirms. Yes, because it was gaining traction. Instead of finger pointing, can everyone get along together and find real solutions?  It seems that the flippening… a flippening, rather, has just taken place. According to many on Twitter, the transaction fees on Ethereum (ETH) have eclipsed that of Bitcoin for the first time in a while.
Prominent Bitcoin proponent Grubles noted that yesterday afternoon, the average standard transfer for ETH cost some $0.045 to $0.064. At the same time, the recommended next hour confirmation fee was $0.03.
Cryptocurrency analytics provider Glassnode corroborated this. It noted in a tweet that Ethereum’s total fees paid metric is up more than 230% since the start of September. It added that yesterday, Ethereum transactors paid more than Bitcoin transactors for the first time in six months.
So, why is this taking place?
Well, this has much to do with Ethereum-based tokens and applications gaining traction.
Tether has migrated hundreds of millions of dollars worth of USDT onto Ethereum from the Bitcoin-based Omni Network, leading to a massive increase in demand for ERC-20 tokens on the blockchain because exchanges have decided to embrace the ERC-20 USDT instead of the OMNI iteration.
Also, decentralized finance (DeFi) applications have continued to see an increasing number of users, as consumers begin to see the value in gaining returns on their holdings and trading in a decentralized manner.Read in full https://en.ethereumworldnews.com/ethereum-fees-higher-bitcoins-eth-apps-gain-traction/ |
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The skeptical me would say that both Binance and Digibyte's Jared Tate are moving under their own hidden agendas. I reckon both of them know that once the coin is listed, it will be pumped. Binance only wants some money for costs of listing and some Digibyte coins to dump for all the work hehe. Jared should cooperate hehehehe. He cannot dump his own coins if he does not play the Binance game.  Back in 2018, Binance overhauled its listing policy and released a statement claiming it would no longer be charging listing fees. However, if a recent tweet by Digibyte CEO Jared Tate is to be believed, this might not be strictly true.
According to the Digibyte founder, representatives at Binance tried to strong-arm the project into providing $300,000 plus 3% of all DGB in order to protect against hacks, thefts and other issues. It remains unclear exactly how the $300,000 would be used to accomplish this, though the entire move seems similar to requesting ‘protection money.’
Tate claims that this request was made during a video call with the Binance team several weeks ago. After being told that Digibyte didn’t have any funds and couldn’t simply hand over 3% of the total supply as a decentralized project, Binance claimed it would get back to Tate later — but apparently never did.Read in full https://beincrypto.com/binance-begins-shaking-down-projects-for-protection-money/ |
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@Texacha. You are correct because all asic resistant mining algorithms are always vulnerable to botnets. We should thank them for helping make the blockchain more secure.
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Now technically I see the 2nd fight as even more in favor of Ruiz because Joshua has had to make radical changes in his style after embarrassingly kissing the canvas so many times, now he is slimmer and trying to be more nimble,
Doesn't really matter how much Joshua slims down, he was completely outclassed in the first fight, and he really didn't even try to dodge most of the punches. He just took a full clip of punches right to the head and body practically every time he hit Ruiz with a good shot. He then just closed down, with a high guard but was still taking shots to the temple. Even if there is strong pressure on the judges to award him any decisions, the next fight is unlikely to go the distance to reach the scorecards. Someone is getting knocked-the-f-out. Was Anthony Joshua really outclassed during the first fight? He knocked down Andy Ruiz which was also Andy's first time to be knocked down by anyone according to some articles. If he was outclassed, I reckon it would be more because Anthony Joshua was not fighting on 100% condition. |
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@BitHodler. However, you make it appear that it would be impossible for whales to cooperate with each other to achieve a similar agenda.
I was also implying that it would be possible that the cryptocoin whales are beginning to be surpassed by a group of banking whales cooperating together.
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Pay 800 USD worth of bitcoin and get 10,000 USD in fiat money from a bank account via Western Union?
I don't get it.What makes this transaction clever?I guess that the hackers have access to way too much stolen bank accounts so they sell them at an extremely low price.
The battle against the Darkweb is going to be harder than ever.
The fiat for bitcoin service might not also be the real money launderer at all. I reckon that it might only be the middleman. The real money launderer might get half of the $10k hehehe. |
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@Vishnu.Reang. The decision to fight is not for Tyson Fury and Deontay Wilder only. There are promoters and tv deals that need to be negotiated. Tyson Fury signed a new fight deal with ESPN, Deontay is signed with Showtime. This causes negotiations to take longer.
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@felipepoide79. Bittrex coin wallet maintenance might last for a few hours or a few days in my experience. However, for cryptocoins with active development similar to Grin, it will not be long.
@Hueristic. There were already 4 audits for RandomX. All of them speculates favorable towards asic resistance.
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@carter34. Whales have always controlled everything. In the cryptospace, however, it might be under the act of beginning to be controlled by the bigger whales who own the banks hehehe.
Enjoy it now, I predict more regulations and the isolation of ordinary holders.
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@Hueristic. I reckon it proves that there is nothing asic resistant. However, Monero's change of mining algorithm to RandomX might be the first serious change to prove that there is asic resistance or the last serious try that might prove that it is impossible hehe.
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@Vishnu.Reang. Fighters will talk, however, negotiations will make the fights hard to organize. There might not be a fight between Tyson and Deontay until 2021, I reckon. This might become the new Money Mayweather versus Pacman 2, coming soon hehehehe.
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News update. First of ETF proposals withdrawn.
It appears that any derivative based on bitcoin for institutional investors was the only investment vehicle needed by VanEck, SolidX hehe.
I'm curious to know what their attitude is to a 'real' ETF. Are they introducing this kludge and withdrawing the original application to let the kludge run and have it strengthen their position when they reapply? There's so much more potential in a proper ETF that I can't believe they'd let the idea go completely. The skeptcal me speculates yes, the SEC's rejections might have forced Vaneck and SolidX expose their original plans accidentally hehehe. |
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@RivAngE. Agreed. Bitcoin's emmission rate and its deflationary distribution through the halvings might be a flaw and what is slowing down adoption.
I reckon that the Grin founders saw this and decided for a distribition first, moon math last emission schedule.
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Can someone update me on the status of the exhibition match? Floyd Mayweather was OK with the idea and he gave his consent for the 5-round match. However, Manny rejected it, saying that he want a full 12-round fight and not an exhibition match, which in his opinion is designed to fool the fans. I have to say that Manny is right here.
Floyd have been involved in exhibition matches after his retirement, and he was reportedly paid close to $12 million for one against Tenshin Nasukawa (that fight was a sham, and lasted just two and a half minutes). Back then, a lot of the guys were accusing of the organizers of rigging the fight. Perhaps Manny is aware of this fight and the negative reaction that came after it.
I reckon an exhibition match would be similar to a small ICO, pump and dump with a quick exit scam. A 12 round full match would be similar to a multimillion dollar ICO like bitconneeeect hehehe. |
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Wallins should take few lessons from Ruiz how to get few lbs quick  That is very easy. Teach Tyson Fury to eat Mexican food like burritos and tacos with the beans, guacamole and everything hehehe. In any case, is this Tyson Fury's bait for Deontay? Is he only making himself appear a little weak? |
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@1Referee. The darkweb attracts the scummiest entities, however, who said that the banking system is not run by the scummiest entities also hehehe.
The people are not afraid of the men who fund wars that create debt to make the banks richer. The harmless bankers.
If I had a sMerit left I would have given it to you. I couldn't have said it any better. Don't forget that this directly applies to governments collecting taxes as well. People often treat Bitcoiners with a strong anti taxation opinion as tax evaders and thus criminals, but they have no clue about how much of their money is used to finance proxy wars and whatnot. Bitcoiners can now decide not to pay tax, or less tax than before because no one can freeze their balance if they avoid using centralized services. The mainstream media is doing an extremely good job dedicating a lot of its time to the wrong criminals.  The government and the banks are always working together. They give money to the politicians and help them be elected to different levels of positions in government. The government borrows money from the bank for their wars, the most popular in America is the war on drugs. The people are taxed to pay for all of it. |
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News update. First of ETF proposals withdrawn. It appears that any derivative based on bitcoin for institutional investors was the only investment vehicle needed by VanEck, SolidX hehe. I speculate more withdrawals will follow. Cboe BZX Exchange withdrew its VanEck/SolidX bitcoin exchange-traded fund (ETF) proposal on Tuesday.
According to a filing dated Sept. 17, a proposed rule change to publicly list shares of the VanEck SolidX Bitcoin Trust was withdrawn on Sept. 13. A decision on the proposal had already been delayed a number of times, and the U.S. Securities and Exchange Commission (SEC) faced a final deadline of Oct. 18 to determine whether to approve or reject what could have been one of the first bitcoin ETFs in the country.
The news comes just weeks after VanEck and SolidX began offering shares of the Trust to qualified institutional buyers (entities with at least $100 million in assets owned or invested) under a Rule 144A exemption. In the nearly three weeks since first announcing the product, one “basket” of four bitcoin (worth around $40,000) was traded.Read in full https://www.coindesk.com/vaneck-solidx-withdraw-bitcoin-etf-proposal-from-sec-review |
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@HB Wallet. GreatArkansas was asking when the new Ethereum 2.0 blockchain will be online for the Ethereum 1.0 holders to migrate their coins and for dapp developers to migrate their smart contracts and tokens.
@GreatArkansas. It might be on the 1st quarter 2020 according to an article I read.
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