If Exchanges Were Honest With Us ft. BitFinex, Bittrex, HitBTC and YoBit
Ethereum has crossed new all-time highs:
But forget that, this has been spotted in the wild: https://www.reddit.com/r/CryptoCurrency/comments/7f07yn/eth_price_soaring_after_cat_with_ethnose_confirmed/
Substratum has had a good day, and in the top 100 now. Possibly not for the first time. I feel their growth may have been spurred on by the fact that the net neutrality argument is raging, and a decentralized internet could be the solution to it? I think not passing the bill might be the answer, but this is a solid idea none the less.
Bytecoin is a privacy coin.
Nexus is meant to be a quantum hack resistant blockchain. Whether or not Bitcoin could adapt that when the need occurs is an interesting question.
Raiden Network Tokens main net release is I believe the 28th of November. This is not the Raiden network upgrade to Ethereum. Think of it as a step forward to supporting the real deal.
This is a very interesting conversation: https://www.reddit.com/r/Bitcoin/comments/7etfnv/mass_adoption_is_finally_happeningand_not_in_the/
Inflation is actually useful to a degree.
Bitcoin's #1 use case is protection from government censorship and hyperinflation.
It may have started as a black-market medium to buy drugs, or launder money, but as it's proven stability and access it's become the go-to method to find refuge against government mismanagement of fiat, a la Venezuela and Zimbabwe.
If you look at a graph of bitcoin price, it perfectly matches hyperinflation in Venezuela.
This fundamental use is now pushing price and stability to a level that is attracting the next stage of interest: protection from all inflation, not just hyperinflation. This is when mass adoption occurs in advanced countries, and will be the primary price driver, NOT the need to buy a cup of coffee. It will become standard practice to have 5% of one's net worth in Bitcoin just as they do currently with hard assets.
The use case to "buy a coffee" is literally 120 years in the future when Bitcoin has empowered people against government fiat and governments have imploded and no longer can regulate and control medium of exchange.
What a great piece of material you have for us every Day! Lovin your videos always. But you know, I have been wondering why you are not uploading your videos to Dtube... I can notice that @dtube is the only Steemit user account you are currently following... If you could clarify for me I would appreciate. Your humble fellowman from Colombia. Keep rocking it!!! by the way, I kindly invite you to check out my intro post. If you will> Thank you anyway...
Check out my post on OmesiGo! https://steemit.com/omisego/@mmosely0/omisego-to-moon
Awesome intro. I wonder how Waves DEX would look like, if YoBit was some lowlife backstreet dealer :)
I don't like the "inflation is good for the economy" argument. It is made in Germany all the time since a German national currency would have a much higher value (deflation) then the Euro.
It might be a true statement, but in the same way low unemployment is bad for the economy. Brexit is bad for the economy... F*ck the economy.
We actually avoid some deflation problems since crypto is not attached to the GDP like fiat.
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