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Beyond Bitcoins - Ethereum & blockchain innovation


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#61 DrBubb

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Posted 13 July 2017 - 10:29 PM

ETH - the sellers are still in charge!... update > https://www.cryptoco...charts/USD?p=3M

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=


The market is "bipolar", swinging back and forth from a focus on Inflation to Deflation. Bet on swings; and stay flexible. What are bipolar markets? See: http://tinyurl.com/GEI-Manix

#62 hector

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Posted 14 July 2017 - 10:59 AM

No reason to panic - Ethereum's future is very bright



#63 DrBubb

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Posted 18 July 2017 - 05:18 AM

Ethereum Triggers
blVuoS7.jpg
what event?  who pulls?  how pulled?
An outstanding feature of the Ethereum blockchain, is how it can be used to create "smart contracts" which are triggered in a more efficient (and perhaps cheaper) manner than standard, old-fashioned legal contracts, which may require a more elaborate discovery and settlement process.
A new thread will look at some examples, and discuss issues and challenges in using Ether-related triggers
==
> http://www.greenener...showtopic=21598


The market is "bipolar", swinging back and forth from a focus on Inflation to Deflation. Bet on swings; and stay flexible. What are bipolar markets? See: http://tinyurl.com/GEI-Manix

#64 ajs

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Posted 29 July 2017 - 07:50 PM

Good luck to all Bitcoiners, hard fork looming on Tuesday.   

 

Reading the crypto gossip, this looks like a shootout between East and West for the soul of Bitcoin.

 

If it goes well, we could be off to the races again, ..if not, then at least we'll have a dod of fresh new BitcoinCash to temper the disappointment!



#65 yelik

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Posted 30 July 2017 - 01:52 PM

Post can be found on DollarVigilante.com

   
 
 

07/30/2017

   
 
 

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Some people have put the label "Ethereum hater" on me because I recommended selling it when it hit $400 in June.

 

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I'm far from an Ethereum hater though. In fact, I was recommending it before most people who own Ethereum today even knew it existed. I recommended it to TDV subscribers at $2 in January 2016.

I've been a fan of Ethereum from before it even existed. I met with Anthony Di Iorio and super genius Vitalik Buterin at their office at DECENTRAL in Toronto years ago when Ethereum was just a glimmer in Vitalik's eye.
 

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But, when I first recommended it, 18 months ago, Ethereum had a $150 million market cap. By the time it hit $400 it boasted over a $30 billion market cap. And I felt it had gone too high, too fast.

And it certainly was getting all the buzz with Vladimir Putin promoting Ethereum and Floyd "Money Maker" Mayweather tweeting about it!
 

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And, it turned out I was right that Ethereum had gone too high, too fast as it currently trades below $200.

Aside from that Ethereum has a lot of issues. Being the first platform of its type it has had lots of problems (ahem… DAO
) and lots of limitations and issues. Some of them are part of the design itself… which means it will be difficult if not impossible for Ethereum to adapt or change.

This is where Dan Larimer comes in.

DAN LARIMER

Dan Larimer is another Vitalik like genius.

He has already created Bitshares
, a decentralized cryptocurrency exchange which currently has a market cap of $280 million.

After that he created Steem, a decentralized social media platform, which has a market cap of $233 million.

I consider Steem to be truly genius. Not only did Larimer imagine how it could be possible but he designed it all from scratch and it has worked nearly flawlessly since its launch about 18 months ago.

On top of this, Dan is an anarcho-capitalist with a deep understanding of Austrian economics. On his personal blog and non-violence profitable."

He had me at Austrian economics!

And now he has created EOS.

Suffice it for now to say that EOS competes in the same space as Ethereum and potentially has numerous, major advantages. It could realistically be an "Ethereum killer".

Although It is still in early stage development and hasn't even launched yet. But this is where you can potentially get massive gains as an early speculator.

EOS has just begun its ICO and you can still purchase as an ICO, and find out more about it here. Note that, as always, it is not available to Americans.

It has also just begun trading this month on a few cryptocurrency exchanges. Bitfinex and Kraken are two of the more popular ones. As I mentioned yesterday, I really like Bitfinex (and you can get 10% off your commissions in the first month by signing up using this link: dollarvigilante.com/bitfinex)

EOS is still in development and just began trading and EOS is already the 11th largest cryptocurrency by market cap, trading at a $400 million market cap near $1.75.
 

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So far, the parent company, block.one, has already raised over $200 million via token sales. An absolutely staggering amount… and also a good backstop for the value of EOS. Barring something quite crazy happening we shouldn't see EOS trade much below its cash value.

In the meantime, given the current pullback in the cryptocurrency space, I suggest you try to pick some EOS up at current price levels. At the time of this writing it is trading at $1.74 USD. It was trading at over $5 when it launched earlier this month… and we could see it trading well over $5 very quickly once people find out about it.

You can see my recent interview with Dan Larimer on EOS here:

 

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CONCLUSION

EOS has a star studded cryptocurrency team. Aside from Dan Larimer, who I consider one of the top minds in the space and inventor of the delegated-proof-of-stake (DPOS) consensus algorithm, there is also Brock Pierce, creator of the first ICO token, Mastercoin and Ian Grigg is the financial cryptographer.

If they can follow through on their plans to create this platform there is nothing stopping EOS from being as big, or bigger than Ethereum. Ethereum currently has a market cap of $17 billion while EOS has a market cap of $300 million.

In other words, we could see EOS increase in value by more than 50 times if they succeed.

If they don't, however, it could go to zero.

So, that is the risk/reward.

For those who wished they had bought a few thousand dollars worth of Ethereum 18 months ago when it was $2 this may be your second chance.

If you do buy some I recommend subscribing to The Dollar Vigilante newsletter (HERE
) as we regularly cover and update on all the cryptocurrencies, including EOS.

Here is our track record on cryptocurrencies to date:

 

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We will see in the coming year if EOS is yet another massive gain or not.



#66 yelik

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Posted 30 July 2017 - 04:38 PM

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Dear

We would like to take this opportunity to let you know our plans for the upcoming weeks as we navigate any potential disruptions on the Bitcoin (BTC) network. As always, our focus will continue to be on the safety of your funds. In the event of a User Activated Hard Fork (UAHF) on 1 August or thereafter, it is important to clarify that Bitstamp would not be in a position to support Bitcoin Cash (BCC), the coin associated with the Bitcoin Cash proposal. In Bitstamp's view, BCC is an alt-coin and the decision to list BCC tokens remains at our sole discretion at all times.

If Bitstamp chooses to list BCC, we would decide at our own discretion on what course of action to take with balances deriving from the hard fork. BCC would also be subject to the same due diligence processes as for any other alt-coin, which requires time and careful planning. For these reason, Bitstamp is not in a position to support BCC, nor will Bitstamp be liable for any BCC sent to Bitstamp.

As always, the safety of your funds remains our number one priority. To this end, as a security precaution, we will be disabling bitcoin deposits and withdrawals on 31 July 2017 at 23:00 hrs UTC to ensure that all BTC funds stored at Bitstamp remain secure. Trading will remain unaffected throughout. Deposits and withdrawals will be resumed only when we deem it safe and prudent to do so.

We will leave it to you to decide whether to withdraw your BTC funds from Bitstamp prior to this cut-off date if you would like to access BCC or any other hard fork, and Bitstamp shall not be held liable for any consequences of that decision, from neither a financial, operational nor regulatory standpoint.

To be clear, Bitstamp has no favoured outcome to the resolution of the bitcoin scaling issue. Our sole focus is on you and your best interests. As such, we are continuing to monitor developments closely. Please check our Twitter feed, Facebook page and website for the latest news, updates and developments.

Best,

The Bitstamp team



#67 ajs

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Posted 30 July 2017 - 06:59 PM

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Dear

We would like to take this opportunity to let you know our plans for the upcoming weeks as we navigate any potential disruptions on the Bitcoin (BTC) network. As always, our focus will continue to be on the safety of your funds...
Best,

The Bitstamp team

 

If you don't control your private keys, you don't control your money, these crypto exchanges are the very last places to trust with your crypto, you want to get in, trade and get out as quickly as you can.  



#68 ajs

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Posted 30 July 2017 - 07:48 PM

 

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CONCLUSION

EOS has a star studded cryptocurrency team. Aside from Dan Larimer, who I consider one of the top minds in the space and inventor of the delegated-proof-of-stake (DPOS) consensus algorithm, there is also Brock Pierce, creator of the first ICO token, Mastercoin and Ian Grigg is the financial cryptographer.

If they can follow through on their plans to create this platform there is nothing stopping EOS from being as big, or bigger than Ethereum. Ethereum currently has a market cap of $17 billion while EOS has a market cap of $300 million.

In other words, we could see EOS increase in value by more than 50 times if they succeed.

If they don't, however, it could go to zero.

So, that is the risk/reward.

For those who wished they had bought a few thousand dollars worth of Ethereum 18 months ago when it was $2 this may be your second chance.

If you do buy some I recommend subscribing to The Dollar Vigilante newsletter (HERE
) as we regularly cover and update on all the cryptocurrencies, including EOS.

Here is our track record on cryptocurrencies to date:

 

87e3c66ebd90745fb382d983d0a01803.jpg?r=9

We will see in the coming year if EOS is yet another massive gain or not.

 

In the process of substantially lightening up on Ether, I've swapped for BitCoin (ofcourse), LiteCoin (the irony!), NEM, PIVX, IOTA as well as a little EOS.  

 

EOS, I'm the most uncertain about, I'm convinced now of Dan Latimer's dim view on ethereum's future because I've come across it from so many other quarters. 

 

But Jeff Berwick's interview is awfully sycophantic, and doesn't even bother to ask how the EOS token will derive it's value, other than make Latimer and his backer's even richer in Ether.

 

There's plenty of speculation on Steemit  e.g. https://steemit.com/...e-of-eos-tokens

 

Can't find any comment directly from Dan the Man though and Jeff couldn't care less he's just buying whilst it's such an apparent bargain!

 

On the other hand, technically I'm impressed with both Steemit and Bitshares, - Latimer has proved, he can design scalable applications using blockchain technology that not only work, but people will actually use. But I don't agree that Steemit for example is near finished, the front end could be a lot more polished and user friendly.

 

Just for balance here's another Jeff Berwick interview, where he interviews a Steemit critic.  



#69 yelik

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Posted 30 July 2017 - 10:21 PM

 

If you don't control your private keys, you don't control your money, these crypto exchanges are the very last places to trust with your crypto, you want to get in, trade and get out as quickly as you can.  

Yes, I cashed my bitcoin in today. Don't like the idea of being at the mercy of Bitstamp. Can always buy some later on once the dust has settled.



#70 hector

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Posted 01 August 2017 - 06:11 PM

If you don't think Ethereum is the future of blockchain you will suffer greatly.

#71 DrBubb

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Posted 01 August 2017 - 09:05 PM

ETH bounce underway - could develop into something more powerful

 

ETH : 6mos : 3mos :

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Meantime, there's a danger of a bigger correction in Bitcoin prices

 

BTS ... 10d :

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==


The market is "bipolar", swinging back and forth from a focus on Inflation to Deflation. Bet on swings; and stay flexible. What are bipolar markets? See: http://tinyurl.com/GEI-Manix

#72 ajs

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Posted 04 August 2017 - 08:50 PM

Good luck to all Bitcoiners, hard fork looming on Tuesday.   

 

Reading the crypto gossip, this looks like a shootout between East and West for the soul of Bitcoin.

 

If it goes well, we could be off to the races again, ..if not, then at least we'll have a dod of fresh new BitcoinCash to temper the disappointment!

 

Massively under whelming really, ..Before the event, the overwhelming consensus from the  crypto gossip was that bitcoin's price immediately prior to the fork, would be split between the two blockchains post fork.  In fact the price on the original chain seemed almost oblivious to the whole process, and in hind sight the brave folk who left their bitcoin on Exchanges that recognised the new coin such as Kraken would have had the chance to cash out when BitCoinCash was briefly over $600 lunchtime Wednesday, it's worth less than half that now!  I still can't get my Bitcash confirmed onto an exchange, ...if it's possible to feel short changed after being gifted piles of free dosh, I'm managing it!  

 

..Meanwhile the original Bitcoin looks like it's readying itself for another attempt at breaching $3000.    This coming Tuesday could be the catalyst as this is when Segwit is due to lock in providing 95% of the miners continue to signal their support for it.  



#73 DrBubb

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Posted 05 August 2017 - 05:51 AM

Wow - jump in BTS to $3200


The market is "bipolar", swinging back and forth from a focus on Inflation to Deflation. Bet on swings; and stay flexible. What are bipolar markets? See: http://tinyurl.com/GEI-Manix

#74 hector

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Posted 05 August 2017 - 05:24 PM

Bitcoin is bubble economics reloaded



#75 ajs

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Posted 05 August 2017 - 05:42 PM

Yup, Bitcoin price action too impatient to wait for Segwit lock-in either!  Really kicked off in the early hours?  Had a dig around the crypto gossip, seems the Mining pool behind the fork already running into security concerns.  https://twitter.com/...744282087047168

 

 

Hopefully, (though I doubt it), these Miners might learn the lesson, ..leave Bitcoin in the very capable hands of the BitCore Development team, else risk having it end up as flaky as Ethereum..

 

Starting to look like the next leg up underway now..



#76 Commander T

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Posted 05 August 2017 - 07:33 PM

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Boom - but Ethereum still needs to clear $400


^ My words do not constitute financial advice, please do your own research.

 

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