Whoa, yesterday was a good day. I doubled in subscribers! Hello to everyone who is new.
$3k Bitcoin!
And we’re not even at Segwit lock in period. And it’s the weekend, which recent history suggests. I sold some at $3200, looking to buy back in maybe around 2800. Risky, but +15% right there. I also moved some of it and bought more NEO.
https://coinmarketcap.com/currencies/vertcoin/
https://vertcoin.org/
I’m actually really impressed with this coin. Developed to be ASIC resistant, or specialized mining equipment resistant, it gives the average consumer the ability to mine competitively. Roadmap to implement the lightning network opening up atomic swaps, where the real value of the coin will lie. It has a low circulating supply, a planned privacy feature, so this could be a real sleeping giant. It’s needs more promotion, more exchanges more news. Its weaknesses are of course that it’s late to the party.
https://coinmarketcap.com/assets/wagerr/
https://wagerr.com/
I’ve known about Wagerr for a while now. It’s held its value since the ICO which is rare to see. So, it’s not too late by any imagination. Like the website says it’s a huge industry it’s taking on. One of the reasons it potentially has not grown in value yet is because admittedly their coin is only a temporary one. However, it will be exchanged 1:1 value with the new coin when released estimated at Q4 this year. It also needs to hit the major exchanges. It’s not a revolutionary idea, and there are some rumours that AlphaBettor.io is going to be even better!
https://coinmarketcap.com/currencies/elastic/
https://www.elastic.pw/
Man you guys found me some good coins! It offers us access to computational resources that at any given time are not subject of third party failure, low cost, customizable, scarce, non-centralized, not controllable anonymous technology. Potentially, greatest innovation after Ethereum smart contracts. It’s not even built on the Ethereum protocol, it is completely standalone so it differs from Golem in that way. Reasonably low volume, undervalued imo. Even if it doesn’t compete with Golem directly, supercomputers are a multi-billion-dollar industry growing very quickly.
1.) Valuation in comparison to competitors is attractive
2.) Elastic-PL as built in (and safe) programming language to create customized jobs and send them to the network.
3.) Already working prototype.
4.) Ran under the radar for a long time, with basically no PR which always leads to attractive buying opportunities.
Quick update on NLC2: Check this new website out http://www.nolimitcoin.org/ Damn that looks good. Working platform with soccer up and running in 5 days time. American football starting in September and cricket in March.
BCH Difficulty Adjustments.
To the news! BCC blocks are speeding up, one per hour now. The automatic hash power crash adjustment is doing its thing, but still needs to ramp things down. I’m trying to send my BCC to Bittrex at the moment and it’s taking a few days to confirm. https://www.coindesk.com/even-miners-hate-bitcoin-cash-might-want-mine/ An interesting message was picked out of here, I won’t repeat it but.. Why miners who don’t like Bitcoin Cash might mine start to mine it? If the blocks continue to take hours to form, then the difficulty will continually adjust downwards.
Bitcoin is still more profitable to mine, though, as it is giving roughly 10x the reward (current ratio of bitcoin price to bitcoin cash price is roughly 10:1) for 4x the work.
If, however, there were another 12 hours of no blocks on the bitcoin cash chain, this would trigger another 6 difficulty adjustments downward. This would mean that the difficulty on bitcoin cash would be 6.87% that of Bitcoin.
The profitability calculation would suddenly change. Finding Bitcoin blocks would be 14.5x as hard as bitcoin cash and assuming the price ratio stayed at around 10:1, it would be more rational to mine bitcoin cash blocks instead.
An exodus of miners from one coin to the other may cause bitcoin cash's price to rise (hash power and price have correlated in coins in the past).
However, in order to prevent the difficulty adjustment, at least in the short term, a miner could theoretically divert their hash power to BCH in an attempt to slow it down. If it’s not slow enough, it won’t automatically adjust for some time.
However Bitcoin Cash was under attack. We knew this would happen, I mentioned miners being attacked with DDOS etc. The attack led to this tweet:
It's an attack that lets someone change the unique ID of a bitcoin transaction before it is confirmed on the bitcoin network. The change makes it possible for someone to pretend that a transaction didn't happen, if all the right conditions are in place. Funnily enough SegWit fixes that issue. Which has led to some “poetic justice” posts like this:https://twitter.com/ViaBTC/status/893744282087047168
- ViaBTC
https://twitter.com/WhalePanda/status/893748075331801088
- WhalePanda
However is it really? When it’s BTC miners that know of the flaw in their own system currently to exploit BCH? If it wasn’t them then I could understand, but if it was then you’re just being an ass.