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RE: Why it’s Still Too Soon for Bitcoin to Moon and What’s Likely to Happen Instead (backed by Math)
Isn't Ethereum supposed to implement both Plasma and Shard scaling solutions by 2020? We've also been promised SMTs early 2019, so if there is a problem with that... and their often is, that could also be pushed back to near 2020.
2020 is looking like an interesting year. I mean just look at it! Two twenties in a row :D
In addition, prices might not go up much for a while, but they also might not go down much either. We can always hope for the market to trade sideways for a while.
The most pessimistic target I've seen is $1000 / BTC. Most bears are predicting that it will come down into the 3K range. I'm personally about 90% certain that we will see below 5K before this bear market is over. Tone says that he will know when we've hit bottom when someone like Tim Draper "rage quits" on bitcoin.
Ah you know I was looking for some evidence from the 2013 pump and dump to contradict you, but we are at the baseline right now... and the despair dump of 2014 went to about half the baseline, so 3000 could be spot on.
Then again, perhaps Bitcoin has lost a little volatility. We also don't have a Mt. Gox issue to deal with.
I want Craig Wright to rage quit already
Plasma is so sad...
It just a glorfied drivechain sidechain-ok a little exaggeration. And it technically already out aka loom network. Sharding is sad...
It basically splitting the chain in pools and with this split you split the network security. Hence Eth plan to POS. POS gives the same security to each pool aka shard of the network. This might ruin the decentralization.
Also Eth POS aka casper deletes coins if they fall out of favor.
I worry that the main part of crypto decentralization will disappear. Of course it way more decentralized than the current system but still....
My worry is if EOS or Steem takes over as the main medium of exchange, how easy will it be for 21 block producers to be taken over by the US government? As it is now, they could care less, but we'll see if real money ends up on the table.
Complete agree-21 risk points. Actually they just need more than half. And I hate it when they say-oh we'll just unvote them. What if they are forced to work for the bid for the government? They won't tell you. And worse they might be secret government supporters and that would hurt even worse
The government could easily dump several billion in to upvote 15 of their own block producers if the existing block producers can't be bought off. Then they can proceed to create a technical tax leech on the EOS system by various methods.
You mean the current amount to run a EOS Dapp isn't enough already? I like how the narrative changed to being the best Dapp platform to the one where only commercial Dapps will run
Sure, a lot of the tech will over-hype and under-deliver, but the cryptosphere as a whole is running in every direction at once. There are a lot of walls, but if even one chain escapes this hellhole economy we all win.
+1