Now in the red is a bad sign.

Mining is dropping fast for the Cash split version, like it was expected.

Pools will move back to BTC?

The miners that wend from the orginal Bitcoin to the Cash split version will probably have to switch back in the coming hours. At the ViaBTC cloudmining pool, the Chinese initiator of the split version, it is already visible that this is happening. It will take some time for the orginal Bitcoin to get back towards 6 or 7 Exa hashes again. While the SegWit activation is to be expected somewhere around midnight CEST {Central European Summer Time}. In the meantime it looks like Bitcoin is picking up in price where it left of a few days ago. Just like the most of the cryptocurrency market is moving well into the green again. The Cash split version is losing value, while losing miner support and I expect it to go down fast soon. It was tried and I think it was lost simply because of the economic insentives for a lot of miners. The Bitcoin mining pools simply can not afford to lose millions a day. They will go for the best ROI {Return On Investement}.

With more original Bitcoin forks, like Litecoin, going SegWit, the market for sidechains is opening up. Crosschain technology will be an addition to the blockchain realm. Inovations, progress, moving away from the idea that everything can be put in huge blocks. And now the original Bitcoin, BTC, is almost there, it will probably get more market trust, thus an upwards movement in the price again. This might be the next jump up to 5000 USD per BTC, at the cost of the Cash split version. As I expect many that got free BCH will sell and buy into Bitcoin, Litecoin and... Steem? Well, I have to state that this is a kind of a suprise to me. While SBD {Steem Backed Dollar} is having a hard time keeping the US Dollar peg, Steem is moving back up. And it could well be that it does get noticed more and more, by a broader audience. Attention really looks like a price booster for Steem.

Steem multi-threading and tasking.

It has been a bit silent again from the Dev corner of the Steem realm. Although with dTube Steem also got some well deserved attention. So this is possible when Steem and the IPFS {Inter Planetary File System} team up. Freedom really seems to come with decentralization, as many have already experienced the centralized power of Utjoop shuting them out off earnings. And as dTube is for videos Steem and the use of IPFS could probably kick off more decentralized goodies in the near future. Especially for the use of large amounts of data that only need to be kept for a short amount of time. Or that one can keep for a longer period after a year, simply by paying the network to do this. A Peer-To-Peer backup service, maybe payed for with Steem.

With Steem going multi-threaded and tasking this would be a great step forward. Blockchain technology adapting multi-core CPUs and using plugins for tasks, or close them down if not used, this is very promising. An increase in speed of 70% might not seem that much at first, but those using the Steem Social Media platform on a blockchain will understand that this is huge. This is going to be a big step forward, it is inovation that is going to be part of EOS in the summer of 2018. And maybe the Steem members can enjoy it already with the next hardfork. While I am still looking forward to the implementation of communities to the Steem realm, with the Steem Community Tokens {SCT} as a nice future promise. Somehow I expect Ned to come with some exciting news at SteemFest II at Portugal in november 2017.

Market cap not at 200 billion yet?

It seems like the times ahead will be more about going with big capital injections into the total cryptocurrency market. Steps with a few billions a time will become less interesting. Ten billion steps are the least, but more like 25 and 50 added, that is where I guess it will be going. Bitcoin will be on top, the real BTC deal that is, Litecoin I expect to suprise slowly but steady, EOS will knock all the other smart contract platforms out, Bitshares will gain more attraction as more will get fed up with centralized exchanges and Steem will gain get more of the market capacity. Things like dTube, multi-threading and tasking, communities and tokens, it will sure create some big attention for the Steem platform. At least that is what I think.

Still, only invest in cryptos what you are willing and able to lose as your speculation might be as bad or as good as mine.

Have a great one!

Crossroads

filtered image cc-by-sa @oaldamster