With Bitcoin halving, now only two months away, the current price of Bitcoin threatens the break-even cost for miners. This presents a scenario for large
“tokens reinforce the idea that everything can & should be financialized-meaning profit grows w/o gains in productivity this is zero sum, disguising gambling as growth, enriching only holders tokens are financial hot potatoes fueled by BTC gains #CryptoTwitterIRL @ideocolab”
Issue with Bitcoin That block subsidy, which currently makes up 99% of the total block reward, is being phased out according to Bitcoin’s fixed emission schedule. In 2020, Bitcoin’s annual issuance will fall to 1.8%. By 2028 it has halved twice more to 0.5%. As a result, the most important source of miner revenue, the block subsidy, will have to be replaced by an entirely new source of revenue.
Market participants today in general were extremely wary of the individuals and businesses that led the BCH fork. Changing developers is a much bigger issue than changing block size, and core developers claim that lightning plus segwit have solved problems.
My first and last experience with IOTA was waiting almost 3-4 days for the tangle system to move my mIota back to the exchange. All the while going through stress since my wallet balance disappeared twice and the exchange wasn’t updating my balance until I had confirmations in place. Never touching this piece of shit coin again!
“Such risks, including in particular those related to money laundering, illicit finance, and consumer and investor protection, need to be evaluated and appropriately addressed before these projects can commence operation.”
The news follows a recent report by the G7 task force stating that stablecoins such as Facebook’s Libra present a significant risk to the global financial system.
In the report requested by the G7 finance ministers and central bank governors, the task force confirmed that the group of the seven wealthiest nations would not allow any global stablecoin to launch without addressing related challenges and risks.
Economist Nouriel Roubini — also known as “Dr. Doom” for his prediction of the 2007–2008 financial crisis and his criticism of cryptocurrencies — has conceded that Bitcoin (BTC) is “a partial store of value.”“Maybe Bitcoin is a partial store of value but it’s not a unit of account, it’s not a means of payment, it’s not scalable […] in spite of its rally earlier this year, it’s lost 60% in value since its peak, so I don’t see it going anywhere frankly.”
“@SaitoKami Biggest scam is #nuke creating fud to cause panic, I believed so Much in the project and lost huge amount to your fud… Biggest scam with crappy psychotic team…#nuke is worst than $CLM”
Isn’t the only possible end game that this becomes valueless? I mean the only reason something ultimately succeeds as a store of value is because people think it will retain (i.e. store) its ability to be traded – but the fact that some people will inevitably sell something at some point (which destroys indivisible BOMB tokens) means liquidity will dry up – perhaps really slowly but eventually completely.
BAGS token: after upcycling more than 500 shitcoins, remains a shitcoin.The generic name, questionable number of telegram channel members compared to holders make a BAGS story questionable. Wasn’t one deflationary token (BOMB) enough ? Why do we have to suffer altcoin boom and bust of 2013 all over again? More
is very unpleasant to see team has become unactive, lateness in delivering the deliverables, despite that much long time they have not expanded the team, and their dependency in bitcoin. Feels like everyone is dead. 🙁
1. ICO buyers are deep in red
2. Mining as suggested is not really happening. 3. Right now ~50% of all NIM is being mined by one miner.