BSV and the Satoshi Shotgun that ‘Doesn’t Shoot Straight’
It’s been a long few days for Bitcoin Cash supporters, but the war seems to be nearing an end in the eyes of many. After the split, the ABC side of the chain remained vigilant throughout the entire process, mining more blocks but more importantly capturing more proof of work. The SV side is still moving along, but is behind the ABC chain and SV has also performed less work.
On Nov. 17, the BCH community got ready to watch the Stress Test team send large batches of transactions, but according to a few Telegram chat rooms, the Stress Test, or “Satoshi’s Shotgun,” has not been firing so well. Observers have stated that Satoshi’s Shotgun was no longer able to reach the ABC network. People assumed the stress test developers were not prepared to adapt to two different networks. During the start of the test, Bitcoin Unlimited’s Peter Rizun commented on the Stress Test matter.
Many Believe the Release of Bitcoin ABC Version 0.18.4 Should Give Confidence to Exchanges
Many bitcoin cash users have been discussing the ABC network’s safety and reliability, with a number of them opining that exchanges should re-open markets. For instance, according to one of the most popular posts today on the Reddit forum r/btc, the release of Bitcoin ABC version 0.18.4 with a checkpoint and re-org protection cements the split.
In late October, Brian Armstrong, the CEO of cryptocurrency exchange operator Coinbase, oversaw a financing round in which the company he cofounded raised $300 million at a valuation of $8 billion. At that valuation, Armstrong’s stake in Coinbase is worth an estimated $1.3 billion, after applying a customary discount for privately-held companies. In January, Forbes had estimated that Armstrong’s net worth was between $900 million and $1 billion.
It is possible that Armstrong’s personal cryptocurrency holdings have taken a financial hit due to the plunging value of bitcoin, ether and other cryptocurrencies over the last several months. Armstrong co-founded Coinbase in 2012 and the company was so intertwined with the cryptocurrency mania that followed that it even paid many of its employees in bitcoin.
But Coinbase, which is based in San Francisco, has continued to solidify its position as the largest cryptocurrency exchange in the U.S. and post eye-popping financial results. It has more than 20 million users, is extremely profitable, and will likely generate $1.3 billion of revenue this year. 🗣Tag a friend that became a crypto millionaire in 2017 or 2018! 😎Follow @sharecrypto
80 19413 days ago
35 47922 hours ago
Messenger app maker Kik is quitting ethereum for good as it continues to develop its cryptocurrency, dubbed kin.
Launched on ethereum early in the ICO boom, Kik has now announced that it will close kin’s atomic swap with ethereum. Without specifying a date, the Kin Ecosystem Foundation said Wednesday that it would soon release a tool for kin holdings off of ethereum.
Kik’s token has had several homes in its short life.
The company raised just shy of $100 million in crypto during a September 2017 initial coin offering. By November, ethereum scaling issues resulted in talk that kin could find its way onto an alternative blockchain – something that Kik founder and CEO Ted Livingston later confirmed that December.
By March, Kik had developed a two-chain strategy slated for stellar, with ethereum for security and stellar for speed; the plan was that users could switch back and forth.
Then, in May, Kik determined that even stellar’s extremely low transaction fees were too much at scale, so it decided to fork stellar so it could eliminate transaction costs entirely. Now Kik is ditching Ethereum completely, to work with Stellar's blockchain instead. —— 🤔Do you think Kik needs a cryptocurrency for their platform? 🗣Let us know in a few words! 🤩Follow @altcoindaily —— #bitcoinmining#bitcoin#bitcoins#crypto#cryptocurrencies#hodl#altcoin#altcoins#ico#cryptonews#xrp#xlm#bittrex#binance#kucoin#xvg#cryptotrader#cryptotrading#blockchain#bitcoinsallday#bitcoinwallet#bitcoincash#bitcoinprivate#cardano#ethos#verge#zcash#decentralized#litecoin#sharecrypto
For the first time in three months, Bitcoin initiated its first major move. Unfortunately, for investors in the crypto market, BTC plunged by more than 11 percent, engaging in one of the most intense sell-offs in a 24-hour period in all of 2018.
On CNBC Fast Money, BKCM founder and CEO Brian Kelly stated that the recent drop of BTC and the rest of the crypto market could be mainly attributed to the civil war of Bitcoin Cash (BCH), wherein two camps, one led by Craig Steven Wright, CoinGeek, and Calvin Ayre, and the other led by ABC, Bitmain, ViaBTC, and Jihan Wu, are competing against one another to operate a chain of BCH that secures consensus in the community. “After some real quiet period, lowest volatility, almost in Bitcoin history, all of a sudden today things exploded, so what happened? Bitcoin Cash, which forked off of Bitcoin last year, is doing a hard fork. Now, when you do a hard fork, everybody usually agrees. But in this particular case, everybody is not agreeing. So we’ve got ourselves a crypto civil war, and that has people in the market concerned,” Kelly said. —— Do you think Bitcoin Cash's recent hard fork is the reason behind Bitcoin's recent dip?
Share a few words!
20 3545 hours ago
Guys there isn't many of you left and for those of you that are I want you to complement you on making such a brave decision.
Few days ago I posted a structure of my portfolio and let me tell me I'm extremely happy with the outcome.
Hard work dedication & consistency has definitely paid off because my crypto gainz are looking lovely.
I was crushing it in 2017 during the massive bull run but 2018 has been a complete game changer!
Now if you been loosing $ in this market you need step up your game!
You should not be afraid of a bear market. I've been shorting the market ever since everyone was screaming Moon and Lambo.
I shorted BCH, ETH,XRP, but out of them all BTC is my favorite.
Now dont get me wrong I love crypto and as some of you know I eat breath and sleep this stuff.
But as a Swing Trader there is a lot of money to be made right now, and when i see an opportunity like this
you know im gonna grab the bear by his neck and ride him all the way down. ☠
We just broke our descending triangle and officially entered a DANGER ZONE!
As we are breaking market structure, Im loading up my Bitmex account preparing myself to go to war cause its about to get wild!
What we have to understand is that there isn't much support
therefore the volatility that is about to come into this market is going to be unbelievable.
As you can see according to my chart I set up a handful of channels that I will be playing accordingly. All of these channels have no real level of support. And as we enter these new zones it will be extremely difficult for HODLers continue to HODL ...be careful out there
@pdxcoin PDX, an emerging global banking & technology driven crypto backed by physical energy assets. PDX is scaled to be a top-10 crypto currency.
If you have any questions please email us at:
Website:www.pdxcoin.io 🚫Disclaimer: This is an ad text and does not include any OTW brand's legal entity.⛔