🗞 Daily Crypto News, January 29th 💰

vlemon (76)in #bitcoin • 7 years ago (edited)

Can Bitcoin Be Destroyed? The 7 (Unlikely) Paths to Irrelevance;
Russia Developing System to Identify Crypto Miners but Considers Giving Them Tax Break
BitPay’s E-Commerce Plugins Now Support Bitcoin Cash Payments;
San Francisco Blockchain Startups Partner on Decentralized Insurance
University College London Fights CV Fraud via Bitcoin Verification
Daily Crypto Calendar, January 29th
STEEM Trading Update by @cryptopassion

🗞 Can Bitcoin Be Destroyed? The 7 (Unlikely) Paths to Irrelevance

Before we get into the speculation, let's start with the facts – bitcoin has been declared dead more than 200 times.

Despite the fact that the world's first cryptocurrency has operated with near-100 percent uptime (for almost 10 years), it's still fashionable to predict its demise. Even supposedly smart people are known for propagating something I'll call "bitcoin derangement syndrome." They keep predicting bitcoin's demise even though they are daily proven wrong.

🗞 Russia Developing System to Identify Crypto Miners but Considers Giving Them Tax Break

A Russian ministry is preparing a bill for the regulation of cryptocurrency mining which reportedly includes a “special system” to detect crypto miners. In addition, there may be a 2-year tax break for miners as well as energy quotas and special tariffs.

"There will be a special system for detecting miners – according to the structure of current consumption and Internet traffic, to correlate the capacity of the mining equipment with the amount of cryptocurrency that the miner declares on the crypto exchange."

🗞 BitPay’s E-Commerce Plugins Now Support Bitcoin Cash Payments

Allowing more companies and retailers to accept cryptocurrency payments will not be easy. In fact, it has been rather problematic over the past few years. Payment processors such as BitPay aim to contribute in this regard by releasing convenient plugins for WooCommerce, PrestaShop, and others. These plugins have now received an update which allows users to accept Bitcoin Cash as well.

🗞 San Francisco Blockchain Startups Partner on Decentralized Insurance

CEO of WeTrust George Li was quoted as saying:

"We couldn’t be happier about this partnership with Bee Token. This collaboration is exactly the sort of innovative use case that we believe will demonstrate the advantages of our platform in managing the complex processes involved with decentralized insurance and insurance-like products across diverse industries."

🗞 University College London Fights CV Fraud via Bitcoin Verification

Imagine getting treated by a doctor with a fake diploma, or losing a job to another candidate who faked his resume. Unfortunately, such cases are all too prevalent these days in various parts of the world where proper documentation verification is too cumbersome or too costly. However, bitcoin might provide the answer to making sure this reality is preventable in the future.

Daily Crypto Calendar, January 29th

Today's Upcoming Events

Ethereum Classic (ETC)

A2A Messaging System: Crosschain message system based on ETC for ETH, ETC, UBQ, EXP, PIRL and RootStock.

Dragonchain (DRGN)

Lifeid presale available to DRGN holders

STEEM Trading Update by @cryptopassion

We are still upper than our support line and are consolidating inside a flag :

As with the triangle pattern, we will have a break out to choose a direction and go outside that flag pattern. Once again, we have a similar situation on the BTC so I think the BTC will decide which break out we will have on the STEEM. Please keep an eye on the BTC and trade the STEEM accordly.

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7 years ago in #bitcoin by vlemon (76)

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gmikeyg (48) 7 years ago

Re: "🗞 Can Bitcoin Be Destroyed? The 7 (Unlikely) Paths to Irrelevance"

One of the few forks I can see really taking hold and competing would be BTC Private (a cross between BTC and a privacy coin, Z Cash. Not because Z Cash is good, but because it is the only private Bitcoin fork).

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vlemon (76) 7 years ago

Interesting thought indeed. I am not a fan of forks but might look at that one.

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himshweta (60) 7 years ago (edited)

Why would someone name themselves mister lemon i wonder 😛😛

Never met someone who is a fan of lemons 🍋
I mean comeon ‍♀️ Lemons are sour !

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vlemon (76) 7 years ago

Ahah, it is because I criticize and am as Acidic as a lemon :).
But otherwise, I am also nice :D

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himshweta (60) 7 years ago

Hehehehe. I hope to see the nice side of you only 😛

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kevaton (48) 7 years ago (edited)

Great crypto news headlines. Bitcoin is indestructible as far as the potential of Cryptos is concerned in our modern world. Thanks @vlemon for your great work.

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vlemon (76) 7 years ago

I agree, but as you know if you follow me I don't think Bitcoin will be ever use as a day to day currency or as a platform for services.
Too much issues and too dependent on the Miner's Oligopol