Decentralised-Liquidity Exchange -- 'D-L-Ex'

[IMZ]

P2P Lounge Room         Check 'Distributed-Liquidity Exchange' on Telegram

https://blockchain.info/charts/mempool-count?timespan=24h -- Bitcoin unconfirmeds here.

https://bitcoinfees.info/

And this chart -- https://coinmarketcap.com/charts/#btc-percentage -- shows you what the ratio is of altcoin cap to Bitcoin cap.


Bitcoin price: $2723 (CMC)

Btc Unconfirmeds: 16K

Total altcoin cap: 59%


Little Markie presently swapping emails with a journalist from Bloomberg.

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[IMZ]

P2P Lounge Room         Check 'Distributed-Liquidity Exchange' on Telegram

https://blockchain.info/charts/mempool-count?timespan=24h -- Bitcoin unconfirmeds here.

https://bitcoinfees.info/

And this chart -- https://coinmarketcap.com/charts/#btc-percentage -- shows you what the ratio is of altcoin cap to Bitcoin cap.


Bitcoin price: $2747 (CMC)

Btc Unconfirmeds: 14K

Total altcoin cap: 60%

[IMZ]

Several articles yesterday showed misapprehension of what's ultimately driving cryptos:

people's desire to 'outflank' a social/legal/political/banking system that clearly no longer serves them.

Just for the record, this guy knows his stuff:

' . . . the state has only one ontological imperative: to expand its power and control.'

' . . . the easiest way for politicos to be seen as "doing something" is to pass more laws . . . '

http://www.zerohedge.com/news/2017-06-23/over-criminalization-american-life

[IMZ]

Bump: http://www.coindesk.com/bitcoin-scaling-upgrade-finally-happen-fail/

And: 'Segwit2x was kick-started at an invite-only meeting comprised of big companies and large mining pools in the space.'

http://www.coindesk.com/top-secret-bitcoin-scaling-plan-segwit2x-leaves-questions-answers/

[IMZ]

'The U.K. has for decades relied on the EU and its bureaucrats to do the hard work of negotiating treaties.'

http://money.cnn.com/interactive/news/economy/brexit-treaties/


Wow gee! Maybe that wasn't such a great idea!

[IMZ]

'Before the hype and before the price explosions of the past year, I sat down and looked at cryptocurrencies from a UX perspective.

That post, published on CoinDesk, offered a simple central premise: the entire bitcoin project was envisioned, designed, built and released as a peer-to-peer value exchange system. It wasn't supposed to be a standalone asset class or a messaging system for banks.

A year later, we're in the midst of a hype-ridden initial coin offering (ICO) explosion. ICOs are another use case in the UX quiver, one we can add to the progress of the last few years. The ICOs (I prefer to call them token sales) are a great engine of growth but they do not achieve our ultimate goal: adoption of cryptocurrency by the masses.'

http://www.coindesk.com/cryptocurrency-hook-masses/

[IMZ]

P2P Lounge Room         Check 'Distributed-Liquidity Exchange' on Telegram

https://blockchain.info/charts/mempool-count?timespan=24h -- Bitcoin unconfirmeds here.

https://bitcoinfees.info/

And this chart -- https://coinmarketcap.com/charts/#btc-percentage -- shows you what the ratio is of altcoin cap to Bitcoin cap.


Bitcoin price: $2591 (CMC)

Btc Unconfirmeds: 2K

Total altcoin cap: 60%

[IMZ]

'The European Central Bank effectively euthanized two small Italian banks late Friday, in another sign that the eurozone financial system remains vulnerable even as the economy improves.'

https://www.nytimes.com/2017/06/23/business/dealbook/banks-italy-veneto-popolare.html


' . . . even as the economy improves . . . ' Lie.

The global reality is closer to this: http://www.glennbeck.com/2017/06/22/gb-prediction-come-true-illinois-faces-bankruptcy-due-to-pensions/

[IMZ]

'The burst of the bubble can be expected when the early investors have already cashed out, and there are no new investors joining the club . . . '

https://www.cryptocoinsnews.com/economics-professor-the-last-stage-of-the-bitcoin-bubble-is-yet-to-be-reached/


There's a misapprehension here, and it's time it was explained:

the notion of a 'normal' bubble, of a 'normal' mania, assumes that the economics of the time and place are themselves relatively normal. I doubt if the tulip mania of Holland would have happened if the bubonic plague had been raging. So, if everything in the western world were normal, I'd be horrified to see crypto prices spiking by hundreds of percent. That's obviously unsustainable.

But that's not what's happening.

Consider 'the flippening': it's a drain of capital, from one instrument to another. Well, the same thing is happening to cryptos. It's a drain of capital from fiat to cryptos. And unless Martians arrive shortly with perpetual-motion machines, gold for the hungry and the indebted, and supplies of air, water, and arable land, the global economy will continue to decline, and the drain of capital from fiats to cryptos will likewise continue.

[cragv]

Re: bubbles and economics - That was a fantastic explanation, thanks IMZ.

[IMZ]

P2P Lounge Room    

https://blockchain.info/charts/mempool-count?timespan=24h -- Bitcoin unconfirmeds here.

https://bitcoinfees.info/

And this chart -- https://coinmarketcap.com/charts/#btc-percentage -- shows you what the ratio is of altcoin cap to Bitcoin cap.


Bitcoin price: $2607 (CMC)

Btc Unconfirmeds: 16K

Total altcoin cap: 59%

[IMZ]

Sunday-Morning Humour

' "it's a virtual bloodbath." '

http://www.zerohedge.com/news/2017-06-25/its-virtual-bloodbath-cryptocurrency-carnage-continues

The author is in a flap because -- wait for it -- two cryptos in the Top Ten have dropped 10% in price!! S/he has obviously been following cryptos since about . . . yesterday afternoon.

Seriously though, check the comments at the bottom. I recall when no crypto-related articles at all were published on Z.H. Then it was one or two, but the bullion bugs made The Tired Old 'It's not really money' comments. Now, there are not just articles on Bitcoin on both Z.H. and Market Oracle, but they're talking about the whole Top Ten.

[IMZ]

Check here, guys. Check the top dozen volumes of each coin:

http://coinmarketcap.com/currencies/bitcoin/#markets

http://coinmarketcap.com/currencies/ethereum/#markets

http://coinmarketcap.com/currencies/ripple/#markets

See it? Unbelievable: the solid majority of trading is crypto-fiat!

[cragv]

To clarify the above, Telegram is a cloud-based mobile and desktop messaging app with a focus on security and speed. Check it out here: https://telegram.org

Once installed (on any computer or device), click or tap the above link in IMZ's post and you'll be able to join our the DLX channel, where coiner discourse continues and where you'll find IMZ's daily updates now posted.

See you there!
-Craig (tech guy with IMZ)

[cragv]

Just a few of us chatting at the moment in the Telegram DLX Group - it's a continuation of this thread. Link by invitation

[IMZ]

To clarify the above, Telegram is a cloud-based mobile and desktop messaging app with a focus on security and speed. Check it out here: https://telegram.org

Once installed (on any computer or device), click or tap the above link in IMZ's post and you'll be able to join our the DLX channel, where coiner discourse continues and where you'll find IMZ's daily updates now posted.

See you there!
-Craig (tech guy with IMZ)

EDIT: DLX (Telegram) lives! All Trusted Traders ask here or there for an invite link.

[IMZ]

Althauser on Cointelegraph. Look up 'fiduciary currency' and 'seigniorage.'

[cragv]

A few links and points of interest from yesterday and today on the DLX Telegram discussion:

Great explanation from a reddit user who helped a pizza shop to accept LTC: https://www.reddit.com/r/litecoin/comments/6u4u85/pizza_beer_and_litecoin

Average transaction fees for bitcoin, over $4 right now

https://bitinfocharts.com/comparison/bitcoin-transactionfees.html

Bitcoin and Monero don't pass the 'cup of coffee' test.

Doge's inflation subsidizes low transaction fees, probably.
 

http://www.zerohedge.com/news/2017-08-17/rickards-exposes-elites-plan-freeze-financial-system

Just How Anonymous are Bitcoin Transactions?
https://cointelegraph.com/news/just-how-anonymous-are-bitcoin-transactions

Not useful to anyone reading this here probably, but a good 'bit sec 101' for new users, perhaps.

"Some of the recommended strategies are using Bitcoin services that ensure the Bitcoin users will remain anonymous during and after the transactions, utilizing a virtual private network (free or paid), and using a new address for every transaction."

[IMZ]

To Tgram, PLEASE:

They're playing my song -- Cointelegraph 'crypto boom driven by global currency crisis'

And got to within 60 yards of the mustangs yesterday.

AND: over $6B total trading volume!!!!

[cragv]

To Tgram, PLEASE:

They're playing my song -- Cointelegraph 'crypto boom driven by global currency crisis'

And got to within 60 yards of the mustangs yesterday.

AND: over $6B total trading volume!!!!

Done. Link: https://cointelegraph.com/news/bitcoin-rise-due-to-global-currency-crises-accessibility-analysis