🗞 Daily Crypto News, January, 21st💰
- Why ‘Mainstream Adoption’ Is an Unfair Success Metric for Dapps ;
- Clearing Up Casper, Proof Of Stake, And Beacon Chain Confusion, Once And For All ;
- Proof-of-Stake Could Lead to Crypto Banking. Let’s Avoid That ;
- US Crypto Investors Incurred $5.7 Billion in Unrealized Losses Last Year ;
- Cryptocurrency GIFs: Animations That Capture the Mood of the Markets ;
- 📑 Daily Crypto Calendar, January, 21st💰
- STEEM Trading Update
Welcome to the Daily Crypto News: A complete Press Review, Coin Calendar and Trading Analysis. Enjoy!
🗞 Why ‘Mainstream Adoption’ Is an Unfair Success Metric for Dapps
Two popular refrains by crypto commentators in 2018 were “the herd is coming” and a call for “mainstream adoption.”
Prognosticators openly speculated on the impact institutional investors would have on the value of the crypto assets in their portfolios. Although we did see bitcoin futures launch, exploding venture capital activity and Yale’s endowment dipping its toes in crypto investing, prices have gone down, not up. We are still waiting for this herd.
However, it’s safe to say retail speculation on crypto assets has already reached some level of “mainstream adoption,” as evidenced by constant media coverage by CNBC and Bloomberg and markets like Square Cash, Robinhood and Coinbase. Depending on which researcher you ask, the run-up in crypto prices in late 2017 and early 2018 was fueled largely by retail and enthusiast investors.
🗞 Clearing Up Casper, Proof Of Stake, And Beacon Chain Confusion, Once And For All
Recently, I read yet another conflicting report about the proof-of-stake (PoS) mechanism to be adopted in Ethereum 2.0, and I about lost my mind. I thought I understood what was coming, but with every new Medium post, tweet, and news article I read my certainty diminishes. I figure, if I spend roughly 50 hours a week reading and writing about Ethereum and I don't know, odds are that a lot of you don't either.
I've heard that Eth2.0 will bring "pure proof of stake." I've read that Casper FFG is the PoS mechanism to be implemented in Serenity but that Vlad Zamfir's Casper CBC is the real pure proof of stake. I've read that Casper FFG is only a finality gadget to be used every 50 blocks, or every 100 blocks, over a PoW system for block finality.
🗞 Proof-of-Stake Could Lead to Crypto Banking. Let’s Avoid That
With last week’s Constantinople delay offering a reminder that ethereum faces challenges in its long roadmap to migrate from a proof-of-work (POW) consensus algorithm to proof-of-stake (POS), it’s easy to miss the fact that elsewhere in crypto-land, POS is already a thing.
A little-discussed ramification is that POS will drive new business and financial models for cryptocurrencies, which will, in turn, give rise to a new regulatory and security challenges.
Viewed through the prism of traditional finance, a consensus model in which owners of cryptocurrency earn block rewards when they stake, or deposit, their holdings to “vote” on ledger validation starts to look a bit like an interest-earning function. And when third parties, such as those that are starting to provide “staking as a service,” do this on behalf of coin-holders who trust them to provide custody and exchange functions, it starts to look like banking.
🗞 US Crypto Investors Incurred $5.7 Billion in Unrealized Losses Last Year
The results of a survey published by Credit Karma estimate that crypto investors in the U.S. realized losses of approximately $1.7 billion during the previous tax season. Additionally, the report finds that U.S. investors incurred a further $5.7 billion in unrealized losses.
The survey found that 58 percent of respondents were not aware they can claim tax deductions on cryptocurrency losses, including 61 percent of investors who had realized losses during the preceding tax season.
The report also estimated that U.S. investors had incurred $5.7 billion in unrealized losses, suggesting that many opportunities to claim tax deductions have been missed by American cryptocurrency traders.
🗞 Cryptocurrency GIFs: Animations That Capture the Mood of the Markets
The cryptocurrency ecosystem is filled with unique individuals with a penchant for sharing dank memes. Besides an arsenal of killer graphics that depict the current mood of the markets, they’re also equipped with a wide variety of animated GIFs to virally share across social media and messaging platforms like Telegram.
Feels Guy Working at McDonald’s Watching Crypto Candles
Vitalik Impress
Christopher Walken Hodler
FOMO Kitten
📑 Daily Crypto Calendar, January, 21st 💰
- Repme (RPM)
"...The RepMe team is incredibly excited to announce the release date for the RepMe MVP v1.0."
- Waves (WAVES)
WAVES takes part in Blockchain Gamer Connects from Jan 21-22.
- Binance Coin (BNB), Cardano (ADA), General Event (CRYPTO), Ethereum (ETH), Hacken (HKN), Kyber Network (KNC), NEO (NEO), Nucleus Vision (NCASH), OmiseGO (OMG), Ontology (ONT), Qtum (QTUM), XRP (XRP), TRON (TRX)
Binance Conference as part of Binance Blockchain Week at the Marina Bay Sands Convention Centre in Singapore from Jan 21-22.
- Callisto Network (CLO)
Next AMA is confirmed. Monday 21 Jan from 19:00 to 20:00 (UTC).
- Vexanium (VEX)
This loyalty program starts on Monday, 21th January 2019 15.00 GMT+7 and will end on Monday, 28th January 15.00 GMT+7.
STEEM Trading Update by my friend @cryptopassion
Here is the chart of yesterday :
Here is the current chart :
As foreseen since 2 days, the correction is now in progress. Lets see how much powerfull it will be. It would be nice if we can stay close as much as possible of that line that we just broke around 0.39$. In all the cases, to be able to keep the UP trend that we started the last days, the support line at 0.31$ must hold us.
Last Updates
- 🗞 Daily Crypto News, January, 20th💰
- 🗞 Daily Crypto News, January, 19th💰
- 🗞 Daily Crypto News, January, 18th💰
- 🗞 Daily Crypto News, January, 16th💰
- 🗞 Daily Crypto News, January, 15th💰
- 🗞 Daily Crypto News, January, 14th💰
- 🗞 Daily Crypto News, January, 13th💰
- 🗞 Daily Crypto News, January, 12th💰
- 🗞 Daily Crypto News, January, 11th💰
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I didn't see problems with POS create "crypto banks". Why is that a problem?
It will basically be the same as an ownership structure. This is what the financial system is today. Shareholders control companies or companies control sectors and can bend the rules.
This is not what crypto was supposed to bring
Posted using Partiko iOS
Hm.. In that way I agree...
However, in the cryptos you control you money and in the POS you don't have problems with 51% attack. So, we will have problems with ownership, I agree, but isn't be able that we could have a bank structure much more transparent and without inflation of money as that we have today?
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