On today’s episode of The Cryptoverse…
Here are my top 5 crypto news stories of the day, plus one chart of the day, which will be Bitcoin/USD.
Table of Contents:
00:00 - Introduction
00:35 - Tron VM Goes Live
02:48 - Recover Unregistered EOS
04:13 - Governments Will Adopt BTC
08:11 - China BTC Influence Research
12:51 - Canadian Bank Freezes $28m
14:29 - BTC/USD Chart
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Apparently The Tron Virtual Machine Just Went Live
https://www.bittorrent.com
https://www.bittorrent.com/project-atlas/
While some people don’t like the structure of EOS and it’s 21 block producers, here’s one of the big benefits of such a structure
https://eosauthority.com/blog/moving_the_last_unregistered_tokens_to_the_EOS_Mainnet
Here’s an example of why governments may be forced to adopt a cryptocurrency like Bitcoin
https://bitsonline.com/russian-official-proposes-crypto-arms/
A new research paper is out providing an analysis of Chinese influence on Bitcoin
https://arxiv.org/pdf/1810.02466.pdf
Canadian Bank Freezes $28M Belonging to Cryptocurrency Exchange
https://www.cryptoglobe.com/latest/2018/10/canadian-bank-freezes-28m-belonging-to-cryptocurrency-exchange/
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EOS is so great. Would it be fair to say that Dan Larimer is the Steve Jobs of blockchain?
EOS is one of my favorite platforms, it is on the path of becoming a top one for sure.
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@marketingmonk, It will be great if you could translate your courses to Spanish so Maduro will understand more about BTC and he will realice how bad is the Petro system...
Funny! :D
Its easy.....
"Bitcoin es Mejor que FIAT"!
Thank you very much for the information on Project Atlas. I will follow it. As for breaking some eggs to make an omelet, I totally agree. It must be done to get the result that you are looking for. Thanks
Great insights on bitcoin as a trade currency! Combining it with the other news you mentioned, it may lead to countries actually looking for ways to incentivize bitcoin mining to decentralized the Chinese miner pool influence. For example, countries with low energy cost could provide tax incentives to mine in their country. This could lead to a better distribution of the mining power. Loved the comparison to DPOS which makes sense and I had not thought of before!
OMG thanks so much for the EOS guide you mentioned and linked to in your post I've had 3 friends stuck in that position and asked me what they should do and I couldn't give them an answer and I kept checking on EOS site and I even mailed EOS with no reply.
This guide will be a life saver for them, I just sent it on now. This is why I stick to watching your show, super helpful!
You can take credit for that :)
Yeah, I'm all in favor of Russia and Venezuela using BTC. It's there, use it. Also, as shady as Tron started, I'm starting to think they aren't as bad as I initially thought. I don't know. They did launch their mainnet without issues, they have a fast network and a nice wallet, got this TVM thing going. Still feel a bit hesitant about them...but they are warming up to me.
Me too. I am biased towards EOS so it's hard for me to be objective about Tron but I managed it here.
Believe me, I prefer EOS. But TRON is moving at such a lighting speed and seem so well organized. I really wish other Coin leaders like Dan and @Ned were like Justin Sun. @Ned is barely visible, like the Bigfoot. I feel if Justin Sun were in charge of Steemit this website would look amazing. I mean, it's been long enough, why do we still have such a crappy beta looking website.
And I get it, it's a decentralized thing. If I want a better website I can make my own, but this is his baby. He should really work to improve it. Look at Medium, their website is beautiful to look at and work with. They haven't even been out as long as Steemit.
Ok, 'nuf ranting (::I feel like Kanye::).
I believe both Bitcoin and EOS Networks have their own Pros and Cons that being said the Electricity Price analogy was very good. I agree on it fully as China does have a little bit of pull if you look at it that way.
too much info...that is one I gotta watch again.. :D
Interesting news and analysis, Chris, as always. Thank you for sharing and have a lovely weekend, mate!
I never heard the term delegated proof-of-work before, fitting to the mining pool situation you describe.
Like some people say: "governments cannot ban Bitcoin, they can only ban themselves out of it".
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Thanks for another great show Chris, always informative. Is any crypto currency truly decentralised at the moment??? I feel that the more money that gets involved, the harder it is going to be decentralised. It's great from an idealistic point of view but to achieve it ........ that is going to be interesting!!!!
That's a good point. Probably not. The internet itself is not really decentralized. We are still in a transition period for crypto adaption. You're right, as more big institutional money comes in, bitcoin and crypto in general will get more centralized before it gets more decentralized.
Decentralisation is not a yes or no. Every crypto has an amount of centralisation and an amount of decentralisation. There are also different types of decentralisation within each crypto. I'm working on a deep dive video to explain this.
Chris makes a good point that I never considered, 51% attack on the bitcoin network could be achieved by co-opting the mining pools? Is that a real potential risk?
Yeah, I wonder that too. Would not such an attack, if found out, render the whole bitcoin ecosystem worthless?
Yes it would, so there is no real incentive for miners to do it.
Look at all the new comments on your videos. Lots of newbies, you're doing great mate and I hope you have a good weekend. Thanks for the info!!!
You seem open for a tron success story. Personally I think there is too much marketing going on. It creates the impression of pumping and not of true value creation. Your informed comment shows a real usefull feature though and really sheds some light on a bigger plan, which might be executed in a usefull and successfull manner. I am still wondering if this is real value or only potential value to be even more able to pump.
Great work as usual Chris.
I will re-STEEM your post as a THANK YOU 😊
I appreciate that
Go DTube!!!!
Excellent overview Chris, on how the Chinese mining pools control Bitcoin mining. However there are other significant mining pools around like https://elevategroup.io/ who have their own mining farm in cold Siberia where you buy your own miner through them and connect to their private pool.
That is actually a pretty good use case for stable coins that I somehow did not realize until now, since traditional fiat can be frozen by banks and governments. An obvious reminder on how superior the blockchain can be.
Regardless, I will still take bitcoin any day!
another great video. =)
Thanks for your update but I do not think China can create FUD anymore
Interesting the review of EOS and TRON for those of us not using those currencies yet. I wish I had the brains to hang on to my original EOS purchase, but I was one who bought for a dollar and sold at 50c, now I would love to own what I had. I think Venuzala should be using BTC and forget the Petro dollar too