BCH: Reap the Rewards

If you think that the passion after the ВСH fork has evaporated — you are greatly mistaken, because now we are dealing with consequences. Reddit community is actively talking about the benefits/harms of the fork, so you have two options: watching or becoming an active commentator

Vitalik is all about crypto succeeding. And he's smart enough to make it happen. Look at how Core treated him, and look at how successful ETH has been. Imagine how badly ETH would've failed if he'd built it on top of BTC Core.

  • Tomas Forgac: ‘I'm going with ABC. Here's why: While BTC/BCH split was about economics (of blocks and fees), this fork was imo more about delivery (economics didn't change). ABC side has delivered great software and hardware products, hashpower and relationships’
  • The BCH split was political and could not have been prevented. It's a schism over following science (within the pow context) versus a cult of personality. The creepy personality would have found any other reason to split. Regularly scheduled hard forks are an effective strategy.
  • Ryan X. Charles: Why I Choose SV


66.65 USD


121.09 USD

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Reddit Co-founder Says Crypto Winter Erased Speculators, Gave Space to Real Builders

Reddit Co-founder Says Crypto Winter Erased Speculators, Gave Space to Real Builders Alexis Ohanian, co-founder of Reddit and known crypto bull, claimed that the crypto hype is gone, leaving space for true crypto believers. Ohanian spoke on the subject in an interview with Yahoo Finance released on Feb. 22. When asked if he is still […] Cet article Reddit Co-founder Says Crypto Winter Erased Speculators, Gave Space to Real Builders est apparu en premier sur Bitcoin Central.
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Crypto-winter will give way to real innovation in the cryptocurrency industry, says Reddit Founder Alexis Ohanian

Alexis Ohanian, the founder of Reddit and Managing Partner at Initialized Capital hailed the cryptocurrency industry, stating that the “nascent” industry is still growing despite the prolonged “crypto-winter.” In an interview with Yahoo Finance, Ohanian discussed Reddit’s ongoing development, censorship within social media websites, regulation of the internet and the volatile cryptocurrency market. The interviewer, Yahoo Finance’s Andy Serwer described Ohanian as a “firm believer” in cryptocurrencies. Since the collective market cap touched $800 billion, marking the conclusion of the crypto-boom, the market has suffered under the bears. Its collective market cap has fallen to its present value of $134 billion. Acknowledging the “crypto-winter,” Ohanian said, “This is the crypto-winter, no doubt.” Ohanian referenced Coinbase’s Brian Armstrong, who said that the current market sentiments are the “spring of crypto innovations.” With this statement, Armstrong meant to suggest that the price depression weeded out investors and speculators, the ones that were in the market to make a ‘quick buck.’ According to him, the ones remaining are the “true believers.” These believers are the ones that will build the infrastructure for this industry, Armstrong said. While agreeing with Armstrong, Ohanian said, “They are actually builders, they are actually building the infrastructure that is going to take to really make this happen.” Despite some reservations about the industry,  Ohanian stated that these problems will be solved by the people that remain after the prices have declined. “Some of the smartest people I know in tech are working on solving these problems, they’re building companies that are built on the blockchain. The hype is gone, the fervor is gone, but I think that’s a good thing.” Ohanian is a long-time supporter of the cryptocurrency community, investing in Coinbase through Initialized Capital back in 2011. The Reddit founder added that he was willing to bide his time and allow the virtual currency industry to grow. He said, “We’re very comfortable having a long world-view on it, because this kind of an infrastructure shift will take lots of time, and we knew that going into it.” JP Morgan’s surprising entrance into the cryptocurrency realm with their dollar-backed, “JPM Coin,” was also mentioned by Ohanian. He added that Morgan’s CEO Jamie Dimon’s complete U-Turn from calling Bitcoin [BTC] a “scam,” to launching a digital asset was a sign of things to come. He stated, “These are just more indications that there is real innovation that is happening, now that all the wild speculation is gone.” Ohanian closed by offering a piece of advice to investors in the “nascent” cryptocurrency industry, “If you’re investing in it (cryptocurrencies) in the first place, you really should’ve been thinking long term.” Earlier in 2018, the Reddit founder had made a bold price prediction, stating that Bitcoin would reach $20,000 while Ethereum [ETH] would trade at $15,000 by the end of the year. However, the dawn of the crypto-winter proved him wrong. The post Crypto-winter will give way to real innovation in the cryptocurrency industry, says Reddit Founder Alexis Ohanian appeared first on AMBCrypto.

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