The 1-millionth of all Bitcoin goal! Japanese fueled Ripple & NEM bubbles, Ethereum Classic Korea

in #bitcoin7 years ago

I really like the idea of trying to own 21 Bitcoin so you can say you own 1-millionth of all the Bitcoin ever created! I am impressed by the Bitcoin community of Israel. It is interesting to see how Altcoins are being fueled by growing interest in Asian countries. The mainstream media is talking about ICO's again.

New Israel BTC show-
https://www.facebook.com/BlockchainUnchained/
Own a millionth of all BTC ever!-
Japan and Alts- https://cointelegraph.com/news/japanese-investors-might-be-fueling-the-next-altcoin-bubble
ETC South Korea exchange -
This Week in Bitcoin- www.youtube.com/watch?v=XWc9RM9tD5k
MSM ICO story- https://www.ft.com/content/ce3ef54e-371b-11e7-bce4-9023f8c0fd2e
https://www.cryptohwwallet.com/digitalbitbox.html
Tel Aviv Bitcoin Embassy- https://twitter.com/BitcoinemBassy and
http://www.bitembassy.org/
Ma'ale Adumim- https://en.wikipedia.org/wiki/Ma%27ale_Adumim

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Challenge Accepted! I'm only about 19+ coins away from it! Loving this BTC pullback. Taking advantage of it...

That is awesome. I am going to have to bring up this concept more often. I really like it.

Parabns agora faça uma doação

philfrancis77 Philip Francis tweeted @ 14 May 2017 - 18:52 UTC

6th highest volume exchange in world announces support for $ETC. cryptoninjas.net/2017/05/08/kor…

PlatoWright Plato Wright tweeted @ 13 May 2017 - 13:33 UTC

@bobbyclee In order to have 1-millionth of each Blockchain you must own: 21 $BTC, 21 $XMR, 84 $LTC, 230 $ETC or infinite $ETH

Disclaimer: I am just a bot trying to be helpful.

I prefer owning 1,000,000 BTC so i can say i own 1/21 of all the BTC that will ever be created.
But owning 21 BTC is pterry cool too.

Thanks for sharing! I recently discovered really interesting story explaining why Ethereum Classic may surpass Ethereum. It would be interesting to find out what would be your opinion on this subject matter. Here it is:

As an early Ethereum supporter, I've come to the difficult conclusion that Ethereum Classic will eventually surpass Ethereum in market capitalisation in and around the Casper transition.

Why?

I've empirically discovered (for myself) that the economics of PoW are fundamentally different than PoS.

Ethereum will excise all it's miners during the Casper transition and this will collapse its internal crypto-economy that drives its current market-cap.

Since Ethereum Classic intends to maintain PoW (even if hybridized), it will not suffer the marketcap excision of (2).

During (2), the miners will likely migrate en masse to Ethereum Classic (rather than forking) resulting in the transitive transfer of the lost ETH value into ETC (via the crypto-economics of mining).

On the basis of (1), (2), (3) and (4) and assuming nothing else environmentally changes, it's clear that this value transfer will occur. I've personally re-positioned my own holdings based on this reasoning (which was a painful decision, since I was one of those blockchain developers who berated ETC during the DAO fiasco).

Is there anything that could change this inevitable outcome?

Unlikely. Suppose that dapps like Augur or Swam City become massive successes. The demand-side liquidity they induce should offset the downside from (1)-(4), except that:

Any dapp success or innovation on Ethereum can (and most likely will) be duplicated on Ethereum Classic, since it's all open sourced.

The only scenario I see that can keep Ethereum beyond Ethereum Classic is the promise of mass scalability from Casper & Sharding. This means a dapp that cannot be computed on the Ethereum Classic network. Though this could happen (assuming casper + sharding were astounding technical successes), this scenario is far ahead into the future and all of the above still needs to occur before then.

On this basis, Ethereum Classic is likely to surpass Ethereum during the Casper transition. What are your thoughts on this?

I have talked about reasons why ETC is a top altcoin and why it could pass ETH many times on my show. I don't have time to repeat everything I have said numerous times here. If ETH splits again and goes POS then it is good for ETC. ETC actually has a limited supply which is huge. ETC stands for something. Please explore my video archives.