Bitcoin Black - The Global Currency

Bullish thoughts

For your amusement.
1. PoS concepts and development is looking good for scaling to 10000+ tx/sec. Fact: Sharding is already proven and used by other databases to distribute load. Staking a node will be relative safe way to earn ETH interest. Speculation: Based on gitter chatter and Vitalik postings the initial node number will be 256 with maximum bond of 60,000 eth for each node. A contract lottery system will allow even those with only a small stake (1200 ETH) to be part of a node bond with a 4 month lock placed on requesting a withdrawal and receiving the bond back. This could potentially lock up 15.36M eth or 15.3% - 19.2% of all eth depending on when the PoS hard fork occurs at a total ETH supply of 80M or 100M.
2. New businesses being created on top of ethereum. Fact: Makerdao,, Augur, etc Speculation: Investing in these businesses with ETH will further reduce the ETH supply going to exchanges driving up the ETH price. Also network effect if BTC flows into these DAOs/DACs.
3. Increasing awareness in other cryptocurrency groups of the advantages of ethereum. Fact: Contract DAO holding funds (6400 eth) for building a Dogecoin <=> Ethereum connection with Doge becoming a token on the Ethereum blockchain Speculation: More funds will move from other alt coins to ETH. Tokens on the ethereum network become actively traded.
4. The $ value of ETH is determined by two main exchanges, Poloniex and Kraken. Fact: Only a small percent of ETH (13%) are on exchanges. Wild swings in price due to manipulation by BTC whales. Speculation: Total ETH amount on exchanges will show slow growth and traders will switch from pricing ETH in BTC to pricing ETH in $ as it becomes easier to directly buy ETH with fiat. The slow move away from BTC as the main trading pair will reduce price manipulation.
5. Limitations of the bitcoin code and governance are evident even to the most ardent supporter. Fact: Centralization of Bitcoin has occurred due to Chinese miners having low running costs. Hearn has publicly exposed the main issues Speculation: Bitcoin remains a dead man walking and more disillusioned bitcoin supporters move their BTC to ETH driving up the ETH price.
6. In most countries the regulators are taking a wait and see approach to allow blockchain innovation to occur. Fact: UK gov has release a favourable report on blockchain innovation Speculation: UK recognises ETH as a currency similar to BTC for taxation purposes and other regulators follow.
7. Ethereum Foundation working on a sustainable funding model. Fact: The EthDev wallet has 1.75M ETH left. The agreement with Shapeshift to integrate it into the wallet will see a steady income stream returning to the Foundation. Speculation: The Foundation begins to receive fiat investment, more agreements similar to the Shapeshift one provide increased revenues, The EthDev wallet stabilises around 1-1.25M and also stakes a node(s) as an additional income stream.
8. Active developers funded by the Foundation or through private funding rapidly improving the code beyond Homestead. Fact: The first light client sent transactions on the main net on 27 January.
zsfelfoldi The first transaction sent from a light client :smile:
Speculation: Release of light clients for computers and mobile devices will onboard many new users beyond the innovators and early adopters. No need to download the blockchain!
9. Total Ether supply is inflating at slightly more than 5 ETH per block depending on uncles. Fact: This PoW inflation will stop with the switch to PoS. Speculation: In theory, there is no immediate need to keep adding new ETH in PoS like PoW as fees might provide enough incentive for staking. Because ETH is divisible down to wei (1,000,000,000,000,000,000 wei = 1 ETH) and mirrors SI units ( where there is a 1000 fold difference between units it should be easy to code switch users to new units as the price increases. For example, over time and as the network effect increases: ETH is the default currency until price hits $1000 (innovators & early adopters period) mETH (finney) then becomes the default currency at 1 mETH = $1 until it reaches $1000 (early adopters and early majority period) uETH (szabo) then becomes the default currency at 1 uETH = $1 until it reaches $1000 (early majority period) etc
Bear thoughts Flaws in the code and loss of ETH causes loss of confidence in ethereum. Scams on the ethereum network produce bad press and public negativity similar to what has happened with bitcoin. Established players (banks, etc) put pressure on regulators to restrict the growth of decentralised currencies and platforms. Something better than ethereum comes along, private forks or other.
Reality thoughts Wake up and get back to coding those Dapps.
submitted by DistantView to ethtrader [link] [comments]

BITCOIN HACK BLOCKCHAIN 2020 - UNCONFIRMED TRANSACTION ... HOW TO INVEST IN BLOCKCHAIN - YouTube How To Mine 1 Bitcoin in 10 Minutes - Blockchain BTC Miner ... Bitcoin Playing Cards Deck Review Blockchain Tools Review - YouTube

Bitcoin is a crap company that is… Bitcoin is a crap company that is involved with scammers! I was a victim of a scam and I contacted bitcoin in hopes that the return to me MY MONEY. The money I worked hard for. The money I saved. Bitcoin refused to give me my money back even though I had my receipt and now I can’t even pay my bills. I just ... Bitcoin. I invested with the minimum which soon increased after meeting with about 3 or 4 other people. I do not understand how this works and for that reason I made Bitcoin aware I wanted to terminate my account,also that someone had tried to committ fraud on my visa debit card shortly after I had invested.i was advised that I would lose half of my money if I terminated the account so soon as ... Distributed ledger technology: Blackett review Review looking at the future of distributed ledger (or block chain) technology. Published 19 January 2016 From: Government Office for Science ... The police hoped that taking down online black markets would chase away criminals. But the amount of Bitcoin spent on illegal purposes has reached a new high. Buying crypto like Bitcoin and Ether is as easy as verifying your identity, adding a payment and clicking "Buy". Sign up for our Wallet today. Create Wallet. Trade Crypto at the Exchange. Integrated with the Blockchain Wallet, our Exchange is a one-stop shop where you can deposit funds and place trades seamlessly in minutes. Get Started. Dive Deeper. Buy Crypto . Bitcoin $ USD. Your Email ...

[index] [27793] [9712] [42804] [27548] [36694] [27137] [19892] [21481] [47202] [8097]


Latest Blockchain Tutorial for 2020 Blockchain Step-by-Step Guide tamil தமிழ் avalanche avax coin review eth killer blockchain proof of staking bitcoin tamil தமிழ் avalanche avax coin review ... Bitcoin is Famous: Top 7 Celebrities wit... Investing in the blockchain technology is different than investing in cryptocurrencies. The technology will probably be an important part of our future and t... Blockchain unconfirmed transaction hack 🔗 Link : 🔗 Ma...