Reminder: Bitcoin is still the future

Reminder: Bitcoin is still the future

While the market subsided, the inhabitants of the decided to plunge into other news: they talked about ShapeShift, Bitcoin Cash and Vitalik Buterin and finally wondered whether Bitcoin is still the future.

  • The crime is solved:

ShapeShift stole 2.5 BTC from me! They are not responding anymore!

  • Bitcoin mining continues to get more decentralized! BTC dot com and Antpool hashrate percentages continue to drop as new independent miners enter the market

I just want to remind you all that are on the fence that bitcoin is still the future. I've been in the space for a long time. Working in financial technology, I see first hand the inefficiencies and security risks of the current system. No matter how bad you think the current system is, it's worse.


3,936 USD


156.87 USD

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Bitcoin (BTC) Now Entering “Bear-To-Bull” Phase, Claims Analyst

Bitcoin To Breakout For $6,000 Towards EoY While the crypto market slipped on Monday, some traders have kept their heads high. Through a recent Trading View post/update, Magic Poop Cannon, a highly optimistic Bitcoin (BTC) analyst, explained why he believes the lead cryptocurrency is entering a “long bear-to-bull transition phase.” Bitcoin is Entering A Long Bear to Bull Transition Phase (BTC) – #BTCUSD chart— MAGIC (@MagicPoopCannon) March 26, 2019 He first draws attention to the 150-day moving average (150 MA). The 150 MA isn’t as conventional as the 200 MA, which investors en-masse see as a level of utmost importance, but Magic claims that it has been a level to watch for upwards of two years. It was explained that in 2017’s rally, the level acted as support, as BTC bounced off it four times during its rally to $20,000. Once the digital asset started to tumble, however, the 150 MA became an “important indicator of overhead resistance.” In fact, this resistance followed close behind a descending channel that depressed BTC through the latter half of 2018, accentuating its importance. But Magic believes that Bitcoin will break the descending channel (along with the 150 MA) shortly, thereby killing the crypto bear. Even if such an auspicious occurrence comes to pass though, Magic makes it clear it won’t exactly be smooth sailing for Bitcoin. He writes that he expects for the cryptocurrency to enter into a “gentle breakout,” but will trade between $3,200 at the “low 4,000s” for much of the year. And thus, Magic closed out his analysis with: I think it is far more likely that Bitcoin will breakout for $6,000 closer toward the end of the year. Even then, I believe it is likely to be a slow grind on a slightly uphill slope, as opposed to an explosive breakout to the upside. I still believe that the market has probably bottomed, but we may see a retest of the $3,150 level sometime in October… And of course, Magic took the time to explain that he believes that Bitcoin is, and will always be, the best cryptocurrency. Some Stay Cynical While Magic is, let’s say, over the moon, others have been a tad more cautious. Per previous reports from this outlet, Bloomberg has claimed that there’s more pain to come for Bitcoin and other cryptocurrencies. In its crypto market update on Monday, it was explained that the GTI Global Strength Indicator has ticked overbought, setting the stage for a pullback. In a comment to Bloomberg, George McDonaugh of a London-based blockchain investment group argues that the impending collapse will be relatively epic. He argues that Bitcoin and cryptocurrencies en-masse are “due another retest of the lows (which he claims is at $3,100).” McDonaugh chalked up his call to the fact that markets often retests “the depths of despair” twice, and so far, capitulation has arguably only occurred once during the $6,000 to $3,200 move. And with that, he remarked that Bitcoin could easily fall to that level again. Photo by André François McKenzie on Unsplash The post Bitcoin (BTC) Now Entering “Bear-To-Bull” Phase, Claims Analyst appeared first on Ethereum World News.
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Announcement: Kadena Public Blockchain Testnet LIVE

MARCH 26, 2019 – BROOKLYN, NY Kadena is excited to announce that Chainweb–Kadena’s public proof-of-work blockchain–is now live in testnet! What is Chainweb Testnet? This version features the core innovation of Kadena’s Chainweb: multiple, braided proof-of work chains progressing in parallel, each referencing its peer chains, synced over three global regions (Asia, US, EU) to represent a truly distributed, secure, scalable blockchain. Chainweb Testnet v0 includes: 10 chains – This is the most innovative and important feature of Chainweb. We are testing the security and scalability of braiding multiple Bitcoin-like (proof-of-work) chains. Three regions – In order to truly test the speeds of a global network, Kadena’s Chainweb Testnet v0 will test global latencies by syncing across servers in Asia, North America, and Europe. Fully open source and public binaries – Download and test the network yourself (Github links [pending]). Our public binaries are available at [pending] Process Pact transactions – Kadena’s open-source Pact language is easy to learn, and is purpose-built for blockchain, capturing simple transactions and more complex business workflows; Chainweb v0 intends to be able to support Pact transactions. Why is this testnet important? Kadena is a fundamental believer in the legacy and integrity of Bitcoin’s proof-of-work protocol. Chainweb is designed to give blockchain scalability AND security through its multi-chain configuration; we believe it is the first of its kind. For more about Chainweb, check out our 101/FAQ and read the whitepaper. How can I participate in testnet?  Beginning with v1 and v2, our testnet will become open to the public to participate in the network. v0 is private but open source on Github, so you can look at the code, compile, or download the binaries and run your own network and tests. Find something interesting? Let us know. Sign up for testnet participation updates via our newsletter. EXCLUSIVE FOOTAGE: The 1st transaction on #Chainweb demonstrated by @SirLensALot! — Kadena (@kadena_io) March 26, 2019 What else is next? Look forward to our next versions (v1 coming by early summer, v2 by late summer) for the following additional upgrades: Scaling up (via hard fork) to 20, 50, 100 chains Mining client Wallets More dashboards KIPs*, including: coin contract *KIPs (Kadena Improvement Process) are modeled after Ethereum and Bitcoin’s improvement proposals. We’ll soon publicize the methods by which our community can introduce and execute improvements to our protocol. Interested in mining Chainweb? Our next test version aims to have a mining client, sign up here to get on our Mining Waitlist. The post Announcement: Kadena Public Blockchain Testnet LIVE appeared first on NullTX.

Concordium CEO: Anonymity is a Major Roadblock in the Global Blockchain Infrastructure

The CEO of Concordium, Lone Fønss Schrøder, has recently affirmed that the blockchain technology was currently being held back by the concept of anonymity, which seemed to be important for the community, but it wasn’t something that the technology actually needed and this gave it a bad rep. Schrøder affirmed that the blockchain is useful […]
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