Think The Stock Market Is Expensive? Here Are 14

Crypto-Currencies Are Poised To Radically Change Finance … And Reshape Nations

Crypto-Currencies Are Poised To Radically Change Finance … And Reshape Nations
Article by Forbes: Kurt Cagle & COGNITIVE WORLD In the 18th Century, a venture begun in England established an outpost in the New World around Hudson Bay. The Hudson Bay Company was given license by the crown to exploit the bounty of the Northernmost parts of North America, and eventually a trading network was built out, trading fur, woods, and mineral resources. This network manifested itself primarily through a series of forts that protected general stores, extending as far south and west as Oregon, along the Pacific Coast, forts that would in time become cities like Portland, Vancouver, Toronto and so forth.

https://preview.redd.it/wpegk0kit6f31.png?width=700&format=png&auto=webp&s=f7a4300bc49b3ade91c544bdf0dc0677001ec863
An example of Hudson Bay Company Scrip WIKIPEDIA The Hudson Bay Company used its own special scrip within its territory, the scrip holding value because it could be traded for British pounds as well as establishing more or less standard prices for goods. When Canada was founded in 1867, it established its territory by buying the land from the HBC, and making HBC’s scrip fully convertible to the new Canadian Dollar. In effect, a privately held scrip became the de facto currency of a nation. Empires, kings and potentates have long coveted the right to put their face on coins, but until comparatively recently, the value of those coins was determined primarily by the assayed weight of the metal that made them up. Indeed, the Dutch, during the 16th century, actually scored their gold coins so that a person could break it apart into octants, from whence was derived the term “Pieces of eight” so beloved in pirate tales. They also created coins from the silver mine of Joachim’s Valley (‘Joachimsthal’ in Dutch) which were in turn heavily used by first the Spanish territories then eventually English North America, the name frequently shorted first to ‘Thaler’, and then via Spanish as ‘Dollar’.

https://preview.redd.it/rw38upgkt6f31.png?width=700&format=png&auto=webp&s=eb4de09c64fb6fa7a70d2cde9a9e3cae4b8f2962
Pieces-of-Eight, so named because the Spanish dollar coin of the 1600s was frequently broken upon into eight bits or reals, which in time became known as pesos (pieces). JAMESTOWN REDISCOVERY Following the death of Louis the Fourteenth of France, the French economy was in tatters given the financial excesses of the Sun King. The Duke of Orleans, the regent of the new five-year-old King Louis the Fifteen, turned to a friend, Scottish financier John Law, for help. Law, for his part, made a proposal that had been tried on a smaller scale, but never really at a national level: the concept of creating a paper currency, backed by the government and in theory redeemable with silver. While the experiment worked for a little while, speculators made the currency unstable, which was then exacerbated by the government producing more Francs than it could support, causing the currency to crash and significantly diminishing the ability of France to compete in the colonization in North America. It also destabilized the French court by reducing the influence of the King over his aristocrats, many of whom had been severely burned in the crash, and not coincidentally laying the groundwork for the French Revolution several decades later. Despite this, as Europe went from Feudal vassalages to nation-states, the ability to control the minting of paper currency based upon its status as a promissory note became one of the key prerogatives of nations. It was one of the reasons, when the first American Confederation, created in the aftermath of the US Revolutionary War, realized they needed a stronger government, the one thing that the Federal government reserved to itself rather than allow to the states was the exclusive right to mint coinage and currency.

https://preview.redd.it/bloq70ept6f31.png?width=700&format=png&auto=webp&s=af104c0e62286fbc3d2102b96c1ec2ba53ef851c
Currencies have long been the prerogative of nations, though that may be changing as electronic coinage hearkens back to most currencies’ merchantile roots. GETTY Fast-forward two hundred and fifty years, and you can see that history is in fact repeating itself. A currency system works by having a few essential characteristics: A note of currency must be unique and non-duplicatable. Currency must be readily redeemable — if not enough people will accept the currency as having a certain value, it cannot be used as a medium of exchange. Currency must be relatively stable — it holds roughly the same value over some time interval. These three conditions place some real constraints on currencies, though not always obvious ones. For instance, if you increase the supply of a given currency, you might think that it would dilute the value of that money. Maybe yes, maybe no. If demand is high for money, increasing the money supply may actually accelerate economic growth, though if demand for money is low, increasing the supply may simply cause inflation. If currency is only redeemable in certain places, then it has less utility as a store of value. If a currency has only half the value today that it had yesterday, then people will get rid of that currency quickly in favor of something that is more stable. It turns out, in fact, that most paper currencies don’t completely satisfy the above constraints over a long time period, and what’s worse, the relationship between money and value can be quite non-linear. This is because currency by itself represents buying power. A gallon of gas in 1971 cost twenty nine cents in most places. Today, that same gallon of gas costs $2.90. Ironically, a loaf of bread cost $.29 and $2.90 respectively as well. The average wage in 1971 was $10,000. Today, its $50,000. This is worth highlighting, though more from an economic rather than technical standpoint. Put in stark terms, the typical worker’s wages went up 400%, but the price of most goods went up 1000% percent over roughly the last fifty years (or, the money you earn is worth 60% less today than it was in 1971, relative to the cost of living). The actual utility of a gallon of gas has actually not changed much in that time, which means that what has changed is both buying power for a given amount of money, and the change in wages relative to the cost of goods. Why? That’s a topic for another time.

https://preview.redd.it/4dgrmrist6f31.png?width=700&format=png&auto=webp&s=7b110124483a8b8d7a986c5f226e6ca9c6ff0115
Electronic currencies, such as BitCoin and Ethereum, rank high in their ability to guarantee uniqueness, but are struggling with exchangeability and are still very heavily influenced by speculators, making them less than ideal for stable currencies. GETTY IMAGES So, where do cryptocurrencies play into all of this? At the moment, of the three points highlighted above, cryptocurrencies arguably are really, really good with the first point, are getting better (though still not great) with the second point, but really suck on the last point. Consider this. One of the biggest arguments in favor of cryptocurrencies is that they are hard to forge. It’s possible — throw enough computation power at it and you could in fact do it, but the salient point is that the cost to do so likely outweighs the value of the coin. Now the downside to that is that many of the current mechanisms for determining uniqueness (such as mining prime numbers) are also very expensive, not just in terms of computational cycles but in terms of energy costs. It’s one of the reasons why a few of the primary coins actually are too large by themselves to be used for currency — you have to divide a coin up to say a 1000 different micro-coins to get to the point where you can buy a cup of coffee and a sweet roll at Starbucks, and this in turn still requires effective uniqueness algorithms. However, even with weaker algorithms for division, such micro-coins are still orders of magnitude harder to forge than your average US $20 bill, which is far and away the most popular currency in the world in terms of forgery. However, this point is actually becoming less and less of an issue for the simple reason that paper currency itself is becoming obsolete, except among the very poor (who often have difficulty in being able to set up bank accounts). For much of the latter twentieth century, credit cards made significant inroads in eliminating paper currency, and most recently, the introduction of chipped cards, both credit and debit, have significantly reduced the incidences of fraud. The bigger issue today is online card fraud, though even there, the introduction of electronic wallets (and the growing liability that retailers are facing with each hacking incident via class action suits) are spurring much better encryption of data, as well as better control by consumers. This is not to say that credit card fraud isn’t still a problem, but it is a problem that shows signs of abating. Another, perhaps far more reaching consequence of the rise of credit cards, debit cards, digital rewards cards, gift cards and EBTs has been that it has been destroying the physicality of currency, and with it, one of the last vestiges of control that most nations have over their currency. The reason for this is simple. Today, it is possible to set up foreign exchange transfer accounts in which a given currency is in Yen, or Euros, or Pounds, and draw upon them as readily as you can a US funds account. You can set up a crypto account in much the same way, and can even, with some creative work, set up accounts that let you play currency arbitrage across multiple such accounts. If Amazon, Google, Microsoft, Apple or Facebook (or their counterparts in other countries) set up their own digital currency, you could do the same thing. Amazon is actually creating a highly synergistic ecosystem that is nearly a full bore economy in its own right.

https://preview.redd.it/ybuj1fkut6f31.png?width=700&format=png&auto=webp&s=ee3c08e08e0f7621fea5d52bd0eff01c17f86ca0
In ten to twenty years time your paycheck could very well be made in private e-currency rather than a country’s native currency, which will send shockwaves in political circles. GETTY Put yourself ten years in the future. Amazon (as an example) puts out a cryptocurrency called the bezo (one bezo, two bezos, ….). You can continue to set up a US dollar account for Amazon prime, but you can also open up a bezos account, based upon a blockchain like construct under the control of Amazon. Prices begin to creep up when measured in US dollars, because the US economy has for the most part had net positive price inflation even during recessions, but prices in bezos stay fixed. Other companies look at this and offer the option of paying their employees in bezos. Some are resistant, but especially younger employees take the plunge, and after a while, older employees see that their net buying power continues to decline while the ones in the Amazon ecosystem are seeing wage power stability, and you see a shift as older employees begin to do the same thing. Other companies do this on their own, but discover that they don’t have quite enough people in their network to maintain stability, and so they reach out and affiliate themselves with the Amazon network. Banks have taken notice, and all of a sudden you see Amazon currency replacing the US Dollar in more and more transactions, many of them for millions or even billions of dollars. And then Amazon moves the Amazon Currency Network to the Cayman Islands. Overnight, the United States sees 35% of its tax base disappear. Too many people are no longer using US Dollars for transactions. The US Debt, which has been a ticking time bomb for decades, goes off as the US can no longer even pretend to service its deficits, let alone the total debt. States, given the conundrum of having a central Federal government that has become increasingly hostile and demanding (while providing less and less value for the tax money that their citizenry have paid) vs. working with a more stable currency and more autonomy, begin to think the unthinkable at a policy level: choosing to join a different political alliance based upon a common protocol for sharing currencies.

https://preview.redd.it/au1ssbdwt6f31.png?width=700&format=png&auto=webp&s=bf6038a44188e96511ec0abc3d4f3ce4f60812a1
One very distinct possibility of the intermixing between private and public e-currencies is the possibility that it could very well exacerbate an already growing divide along geopolitical lines. GETTY Another scenario can be envisioned. Recently, Walmart announced that they had a patent on a new blockchain currency, with the implications that they would be issuing a currency within the relatively near future. Amazon and Walmart are seen as competitors in the general goods sector, and while there is some overlap they tend to service different regions (and their customers often have very divergent political leanings). Over time you end up with two competing currencies, the Bezo and the Walton. Each of which provides a premium within their respective networks and a double penalty within the opposite network — the double being the fact that in order to convert from Bezos to Waltons, you would have to convert one currency to USDs and then to the other currency, with fees at each transaction point (something often happens in existing currency exchanges, where you have to find a common currency to exchange between two different currencies that don’t otherwise have exchange rates). Over time, the economies diverge, with frustrations mounting as the Bezo and the Walton respond to different economic strategies, and changes in political power in Washington DC bring with it a distinct preference for one currency or the other, with all that this implies for policy. Attempting to peg either of the private currencies to the dollar ends up with a situation similar to that which the European Union experience in 2008, when economic policy that was right for the northern countries with strong industrial bases proved ruinous for the southern countries that were primarily agrarian in nature (and is in fact a part of the current problem between red and blue America). What is likely to happen in this scenario is the rise of compacts — agreements between states that standardize upon specific policies regarding economic action, taxation, representation, immigration, public programs, defense, ecological policy, education and so on. Put another way, the currency networks that emerge (and it is likely they will be networked, not just one single currency) will begin looking and acting more and more like autonomous countries. With this comes the reduction of power in Washington, DC and the federal government as states hew more closely to their compact alliances. Now, to be clear, these are both hypothetical scenarios, and I’m using Amazon and Walmart here just to illustrate the point. Nor are these the only scenarios that may play out. It’s also worth noting that what is at issue is not so much cryptocurrency by itself as it is the ability of currency networks to effectively capture the tax base of parts or all of a country. Will this result in civil war? Hard to say. We may very well end up in a situation where the US becomes a Confederation along the lines of Canada, with a weaker central government, a common defense agreement and stronger regional blocs. The US may split peacefully into several distinct regions based upon the degree of economic connectivity. It’s possible that smarter heads prevail and some agreement is worked out to keep the status quo. However, the likelihood of that decreases the more that mechanisms for separation get implemented, and eCurrencies, whether national based or privately based, have the potential to exacerbate an already stressed situation.

https://preview.redd.it/y9c01xa1u6f31.png?width=700&format=png&auto=webp&s=9371cdc22a409b03230590b1b5e13a6e848b78af
One of the major issues that most eCoins have is that they are still highly unstable, due to a comparatively small pool of investors, the potential for volatile speculation, and the potential that a government could make such transactions illegal. GETTY The primary mitigating factor from this happening now is the lack of stability of crypto-currencies, which is something of a chicken and egg problem. Stability ultimately comes from the number of participants involved, which in turn determines the degree to which speculation can take place within a currency. Speculation and stability are counter-weighted — most speculators prefer an asset class to be volatile, because such volatility can make for higher returns with less capital, though it can also lead to higher losses. You can speculate with stable currency (as George Soros managed to do successfully against the British pound in the 1970s) but it requires deep pockets and a great deal of leverage, and being unsuccessful can ruin you. Bitcoin and other crypto-currencies are still very unstable primarily because they lack both the installed base of users and because they are not yet fully convertible or redeemable. It is arguable whether any of the first generation of ICOs will ever meet that bar alone, though that changes once you begin seeing mergers and adoptions between ICOs and large financial or network concerns. This also moots one of the other major selling points that ICO promoters themselves try to make. No currency is going to survive if transactions in that currency remain anonymous, and keeping such transactions anonymous will become increasingly difficult over time. The reason for this is relatively simple — any transaction has real world implications, those implications can be tracked, and once one thread of a transaction begins to get picked apart, then it becomes possible to determine how these connect to other transactions. Government opacity (which is one form of anonymity) will keep many existing ICOs from ever being recognized as legitimate, and may very well be seen as perfect channels for money laundering and black market transactions, putting these ICOs under deep scrutiny. It is likely that currencies based upon (semi-) transparent block-chains (something you’re increasingly seeing developed by financial institutions) will likely overtake the anonymous block-chains currently being deployed.

https://preview.redd.it/79i6dzb4u6f31.png?width=700&format=png&auto=webp&s=9ef3c872dc868e52e9b8454bf8403b0db7562152
The future of finance (and of bank accounts) may very well be that a typical account is, in fact, an index made up of different e-currencies, both public and private. GETTY In the longer term (fifteen to twenty years), it is likely that the average consumer will likely not interact much at all with ICOs directly. Instead, what I see happening is that banks (and bank-like-entities, such as credit unions) will controls portfolios of currencies and accounts will then consist of baskets of different coins on various networks. Consumers can then determine the mix of their coin holdings, and can designate the default currencies they wish to be paid in (or pay out) when they make a financial transaction. However, at the micro-level, these networks and baskets will be treated in much the same way national currencies do today, with the added wrinkle that these private currencies can push and pull on the national currencies at a level unprecedented until now. What happens when the Bezo replaces the Japanese Yen (or the US Dollar) as the primary instrument for carry trades. What if the Iranian eDinar becomes the preferred currency for pricing oil, or an international incident causes investors to buy up Chinese eYuan and sell the USD, raising the potential for price increases in the United States (or vice versa). What will almost certainly happen is that the distinction between international corporations and nations, already somewhat blurry, will erode even more with time. Businesses will increasingly find themselves having to establish comprehensive foreign policies, fielding security forces and dealing with issues that traditionally have been the domain of countries. At the same time, fundamental questions, including the deceptively difficult one of what constitutes citizenship, will become pressing sooner than we’d like to believe. The upshot of this is that Bitcoins and related electronic currencies are likely here to stay, will become progressively more influential in both political and economic policy as they become more stable, and will almost certainly introduce stresses and potential breaking points in economies globally throughout the twenty-first century.
submitted by GTE_IO to u/GTE_IO [link] [comments]

Decred Journal — April 2018

This post covers what happened in Decred last month. Let's get down to business and have About section at the end.

Development

Wallet and node software version 1.2.0 has been released. Decrediton wallet highlights: improved startup experience, redesigned overview page, added basic graphs to visualize statistics and an export to CSV (helpful for tax reporting). dcrd node software highlights: significantly faster startup and compact filters to support light clients. See full release notes and downloads here, for Decrediton use 1.2.1 bugfix release.
The release process has been improved. Instead of announcing a release date and trying to meet it, a Release Candidate 1 (RC1) will now be posted. After it has been tested an bugfixed with the help of the community, a second candidate (RC2) will be released. This is repeated until an RC version with no apparent bugs becomes the final release. The new process removes a ton of pressure from developers and users and gives more time for testing. As our primary consumer-facing product, Decrediton, is growing in features and complexity, more testing will be required for new releases.
Politeia is "Getting close to a public beta of voting" (slack). Decred plugin merged, paywall and voting are in the testing stage. Ticket voting works on testnet via CLI.
Trezor support got closer as Decred patch was merged. Please note this is only firmware support, to be usable it also needs wallet integration.
WooCommerce Decred plugin alpha version is ready for testing.
Decred.org received a new sleek exchanges page.
The contributors page has been updated to add 10 new faces. Some of them are new to the project but others have been contributing for a while.
Dev activity stats for April: 152 active PRs, 125 commits, 21,656 added and 10,288 deleted lines spread across 7 repositories done by 2-7 developers per repository. (chart)

Network

Hashrate: April started at 2.0-2.7 PH/s range and seen a general increase with some big fluctuations between lows at 2.2 and new all time high above 5.2 PH/s.
Nodes: there are 200 public listening and 500 normal nodes per dcred.eu as of May 1. 169 nodes already upgraded to version 1.2.0. Some 30 nodes were observed to be testing Release Candidate versions before the final release.
Ticket price 30-day average has seen a steady rise to 87.5 DCR. Stake participation is solid 46.1% with 3.53 million DCR as of May 1.

ASICs

Updates from Obelisk's Taek:
We got results back. They are more or less on line with the simulations I didn't realize this, but we don't get the real chips back for 3 more weeks. The ones we've been testing are hacked together into a DIP package (they are BGA chips) that really screws up the results There's a decent chance that the full bga chips perform better For the time being though, we're pretty much on track for the hashrates estimated on the website (slack, Apr 12)
And regarding the June delivery date:
We're still on track for batch 1. We've ordered most of the parts we'll need, including the chips. We've got working chips, we've got test boards, test units, test everything. We've signed manufacturers to produce everything. Obelisk is going strong. (reddit, Apr 23)
We are thankful for his updates in our #pow-mining channel and hope other ASIC manufacturers will also join.
Fellow Sia miners are discussing the design of Obelisk SC1 case.
Halong: B29 units are shipping. The amount of units in first batch was estimated 450-600 by our community member. Review of DragonMint B29 published, people are discussing shipping and running the miners.
By surprise, Innosilicon announced the sale of D9 DecredMaster ASIC miner with specs identical to Halong B29 while being much cheaper ($6800 Inno vs $10499 Halong). Expected shipping date of the first batch is April 28-30. The company is active on their bitcointalk thread, also see our reddit.
Just 9 days later Innosilicon announced second batch with delivery on May 7-11 and same price of $6800. (reddit)

Integrations

Decred's Brazilian community made good progress with integrations this month.
emiliomann: On April 2nd @Rhama will launch the first BR exchange of altcoins with fiat market and totally within the laws of the Brazilian government. Decred will have the two markets DCBTC and DCBRL. It’s very difficult to fulfill all the legal requirements and get authorization to work with FIAT here.
The exchange turned out to be Profitfy. Profity is innovating by using dcrtime for their blockchain ID login via Original My. Great to see this deeper engagement with the tools that Decred provides, and not a surprise that it comes from @Rhama, who has been a community member since day one.
This seems to have spurred another exchange, Braziliex, to bring forward their launch of DCBRL and DCBTC pairs, coming just 2 hours after Profitfy launched.
Not stopping there,
emiliomann: Hey guys, this is a poll of the biggest Bitcoin exchange in Brazil that is planning to open altcoins markets. Please, help the Brazilian community by voting for Decred! Just one click. Thank you! https://twitter.com/mercadobitcoin/status/981602483268194307
Finally,
viniciusfrias: We're excited to announce PagueCripto.com, a Brazilian crypto-to-fiat payment gateway which accepts Decred among other cryptocurrencies for Brazilians to pay daily bills, such as credit cards, energy, rent, etc, and also to make local bank transfers. Our service is both a web platform and an Android app, and as our community is relevant in Brazil, we are offering a discount coupon (50%) in service fees using DCR until May 14, 2018. Check it out at paguecripto.com and in Google Play Store. (slack)
Moving to other countries, good news from Canada:
michae2xl: Decred is now available on @ezBtcCanada, an exchange with DCCAD trading pair. From Toronto – ezbtc.ca
i2Rav announced i2trading.com, a new trading desk that will be offering DCEUR pair:
Eventually we hope to offer the pair in GBP and YEN as well
changenow.io, a non-custodian exchange for fast conversions, added DCR.
You can see all exchanges known to support Decred in a spreadsheet maintained by snr01. Many of them are missing from coinmarketcap.

Adoption

The Crypto Lawyers, LLP, a crypto exclusive U.S. law firm began accepting Decred (reddit):
RAurelius: I think that a law firm accepting Decred is a worthy distinction from other previously publicized companies that accept Decred for typical consumer products. Legal services are severely lacking in the Crypto-sphere, so the publicity is good for everyone in this arena.
Great to see business owners reaching us directly in chat.
VotoLegal is migrating from Ethereum to Decred blockchain:
emiliomann: VotoLegal, a Brazilian project that uses blockchain technology to allow election campaign funding to be transparent and that all transactions conducted are tracked and made available to the citizens, now uses dcrtime and Decred blockchain. https://twitter.com/decred_bstatus/986610826051276800 (slack)

Partnerships

YBF Ventures and Decred announced partnership in building a blockchain-focused development and business hub in Australia.
With the YBF Ventures partnership, Decred hopes to grow their Australian contractor network and scale their operations throughout the Asia-Pacific region. (btcmanager.com)
We specifically chose Decred for a more robust corporate partnership, and it is the first time that a decentralised autonomous organisation is partnering with a ‘traditional’ organisation in such a capacity. (ybfventures.com)

Marketing

Dustorf joined on the marketing front and is conducting a brand discovery analysis:
Decred is soliciting the input of our user community. In order to better understand you, what you think of Decred, and where you would like it to focus its efforts, we've come up with a short (4 minute) survey. Your input of all varieties is most appreciated https://www.surveymonkey.com/2LHK3FV
April targeted advertising report released (previous March report here). Reach @timhebel for full version.
The iconic "Not Overly Scammy" t-shirt by cryptograffiti is available for purchase. For those wondering, the meme originates from @fluffypony.
Some hilarious promos by @jackliv3r: one two three.

Events

Community event at YBF Ventures in Australia.
Meetup in Wroclaw, Poland.
BBQ with @scalarcapital team in Austin, USA.
Blockchain Expo in London, UK. Decred was well represented at this large-scale industry event. Project Lead Jake took part in several interview and the Decred stand manned by community members was flooded with inquisitive visitors. (video, photo 1 2 3)
First Decred meetup in Hangzhou, China. (slack)
Business of Blockchain at MIT Media Lab in Cambridge, USA. Presentation: Blockchain Sovereignty and Blockchain Integration for Businesses by Jake Yocom-Piatt. (event, reddit, photo 1 2 3)
Cambridge Blockchain Meetup in Cambridge, USA. Talk: Cutting the Head off the Snake by Jake Yocom-Piatt. (event, photo 1 2 3)
Upcoming events:

Media

Second episode of Lightning Network educational series is out, exploring topics such as payment channels, onion routing, centralization risk, and challenges that still lie ahead. (youtube)
A user’s perspective and introduction to blockchain governance (Richard Red)
The Importance of Governance: Analyzing the Aftermath of the Monero Hard Fork by Noah Pierau (btcmanager.com)
The Crypto Show w/ Marco from Decred (youtube)
Interview with Jake at @Blockchain_Expo by Crypto Coin Growth (youtube)
Interview with Jake at @Blockchain_Expo by Cryptocurrency Academy (youtube)
Alternative Blockchain Governance Systems With Jake & Kyle From Decred at @Blockchain_Expo by Crypto Disrupt (youtube)
Decred Looks Ahead: An Interview with Project Lead Jake Yocom-Piatt (Exclusive) (sludgefeed.com)
How Complex Bitcoin Politics Led to the Creation of Decred (btcmanager.com)
Interview with Decred’s Project Lead Jake Yocom-Piatt on Crypto Ad Bans and Market Volatility (cryptoslate.com)
Decred’s Jonathan Zeppettini: The Industry Is Going To Be Displacing Wall Street (blocktribune.com)
On Chain VS. Off Chain Governance: The Ins And Outs (coinjournal.net)
Decred: On true decentralisation, Bitcoin communities, and avoiding the ICO route [Video] (blockchaintechnology-news.com)
Marco in shitcoin talk episode 54 (youtube)

Community Discussions

Reddit highlights: A debate on Decred protocol security and attack cost, a comparison of expected and actual block production times, a write-up on distribution of powers and how Monero could benefit from a PoS governance layer, two other threads on ASIC resistance, and one discussing different types of decentralization.
Very thoughtful discussion on whether it is appropriate to use half naked photos in marketing, followed by meta-discussion how to handle very polarizing issues and unwanted contributions to the marketing efforts of a decentralized project. (slack, continued)
A new #governance channel was created to discuss governance in Decred and other projects.
politeia subreddit was recovered for Decred community. Thanks to Tivra for filing the request. Politeia can bring a lot of value outside Decred so it well deserves its own sub.
A new Slack invite page has been setup and onboarded 40 people in 48 hours.
Decred StackExchange site proposal was closed due to inactivity in a 7 day period, according to Area 51 rules.

Markets

In April Decred showed a confident recovery after previous months. DCUSD moved from below $40 to nearly $90 and the more liquid DCBTC from 0.0058 to 0.0093.
OOOBTC showed unexpectedly huge DCR trading volume of $19 m on April 10 (reddit), it went back to normal 2 weeks later.
On April 25 a wild rush took the price from 0.00777 to 0.0177 BTC in under 30 minutes on Poloniex, setting a new USD all time high of ~$165 ($141 world average). Prices on other exchanges followed to a lesser degree. Possible causes were discussed on reddit. Talking about all time highs, an indicator tracking difference between ATH and current price shows Decred is competitive at retaining USD value.

Relevant External

Bittrex finally opened registrations again.
ASIC debates are raging after Bitmain stealth-launched ASICs for Sia, Monero and Ethereum. Most opinions reflect on whether and how to resist ASICs, but some are recognizing the Decred way, like this excellent piece.
The importance of governance is gaining recognition as well. One notable example is Mike Hearn's AMA where it was a hot topic.

About This Issue

This project was motivated by the desire to expose just how much is happening in Decred and save the time for people unable to actively follow our channels. It aims to cover all relevant developments with a short description and links to read further. It shows the depth of the project and the involvement of the community. We also plan to launch a newsletter and consider a shorter version if there is such a demand.
This is the first issue and feedback is welcome to discover what is best for our readers. Please join our Slack and write us on #writers_room or comment directly on GitHub. Any help is welcome too.
Credits (Slack names, alphabetical order): bee, jazzah, Richard-Red, snr01 and vj.
submitted by jet_user to decred [link] [comments]

12 Reasons to Invest in Primecoin

‎1- Primecoin‬ is the First non Hash-Cash PoW Crypto-Currency.
2- Naturally Scarce
3- Very fast confirmations - 1min/block
4- Elastic supply
5- Primecoin is sustainable
6- Primecoin is currently the “fairest” coin to mine
7- Primecoin can introduce new participants to the new digital economy
8- Proof-of-work cryptos will gradually transition toward energy-multiuse, ie providing both security & technological computing values. And Primecoin is the pioneer in this realm.
9- Primecoin has anti-centralization features
10- Primecoin captures the Wasted Energy of Bitcoin's Algorithm - The mining is actually useful
11- Primecoin has direct by-products
12- Primecoin has been developed by Sunny King, one of the most talented crypto-technologists of the rank of Satoshi Nakamoto
submitted by crypto_coiner to primecoin [link] [comments]

Bitcoin, Gold, Libra, & Govt: Jeff Berwick, Fmr head of US Mint, + more! X-MINT 15: Hotbit Listing Vote: Minter (BIP) vs DigiByte (DBG) The Great US Mint Silver Coin Scheme BITCOIN VS GOLD - $2.8 BILLION FAKE GOLD SCAM & Peter Schiff Silent Bitcoin Halving Is Today, Next Price Movement, ETH Vs BTC & TRON Stimulus

Bitmain’s BM1387 chip is built using TSMC’s 16nm FinFET technology and, delivering a record-breaking 0.098 J/GHs, is the world’s most efficient bitcoin mining chip in the consumer market. The R4 is so efficient because it uses the 126 of Bitmain’s new BM1387 ASIC Chips, which are 16nm chips. Bitcoin Is An 'Old, Tired, Worthless Coin', John McAfee Says John McAfee criticized those who believed his prediction of $500,000 or $1 million per BTC by December 2020. He said his statement was just to ruse new users. more info 07/20/2020 Wisconsin bank paying people to bring in their spare change amid nationwide coin shortage For example, bitcoin currently has a block reward of 12.5 tokens. This means that the first person, group of individuals, or business to validate a block of transactions will receive 12.5 bitcoin Explore the top 50 cryptocurrencies with Coinbase, including cryptocurrency price charts, crypto descriptions, and the latest price of Bitcoin and Ethereum. But given that bitcoin has shed more than 55% of its value since nearing $20,000 per coin in December, the margin to mine bitcoin has tumbled from as much as $15,000 per coin to less than $4,000

[index] [1003] [9757] [1128] [1302] [5420] [9239] [1571] [9423] [657] [11935]

Bitcoin, Gold, Libra, & Govt: Jeff Berwick, Fmr head of US Mint, + more!

Bitcoin GIGANTIC WARNING SIGNS HERE!-LIVE Crypto Trading Analysis & BTC Cryptocurrency Price News Rivaldhi Busquets ... Jim Cramer deciphers speculative and blue-chip stocks driving the market ... Amazon Affiliate Link - (If You Buy Something On Amazon, I Get A Small Commission As A Way To Support The Channel) - (There is NO extra cost for you) https://amzn.to/39MXp4q Computer I Use To ... Вся информация и вопросы гостям в Телеграм — https://t.me/x_mint Suggested by License.Monstercat.com Conro - Therapy [Monstercat Lyric Video] The Great US Mint Silver Coin Scheme ... Silver VS Bitcoin - Which is Better? - Duration: 11:24. Silver Dragons 4,567 views. 11:24. 24/7 DeriBot Live. Bitcoin Algo Trading on Deribit. BTCUSD Price ... Bitcoin - $100,000 Is Coming. I talk about how Bitcoin will eventually reach 100,000 dollars an end game price which will make it the world reserve currency. If you enjoy it please share, like and ...