Ethereum Overloads, Gas prices Soar | Korean Legistators takes Blockchain Serious

[boxmining]

Ethereum Gas prices soar to over 70 Gwei due to transaction overload coming from coins doing airdrops in order to get listed on Fcoin. Korean Legislators take blockchain more seriously and is classifying exchanges as regulated financial institutions as opposed to communications vendors.
0:56 Korean Legislators create classifications for Crypto
1:55 IBM signs $740 Million deal with Aus Government to implement Blockchain
2:35 Invest.com + Bittrex issues new exchange
3:11 Binance Co-founder calls Li XiaoLai a scammer
4:14 BIS Head calls crypto a scam (again)
5:08 Ethereum's Surge Gas prices
6:43 Follow Friday!

#FF Twitter accounts: @JaqCrypto @cryptochrisw @abuzz_ladies @PhilakoneCrypto @EricChoe

Articles




https://cointelegraph.com/news/south-korea-legitimizes-blockchain-industry-with-major-new-classification-standards https://cointelegraph.com/news/ibm-signs-740-million-deal-with-australian-gov-t-to-use-blockchain-for-data-security https://www.coindesk.com/bis-chief-says-stop-trying-to-create-money-in-new-crypto-critique/ https://www.asiacryptotoday.com/chinese-bitcoin-billionare-li-xiaolai-secrectly-recorded-outing-many-big-names-in-crypto/ https://www.coindesk.com/ethereums-growing-gas-crisis-and-whats-being-done-to-stop-it/

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Comments

[healthiswealth]

post.

Enough is enough. It's bad enough that we pay high gas prices at the pumps!

[boxmining]

thanks

[kabir88]

Good to see you posting on steemit and using DLive. I normally watch your videos on YouTube, but here I can show my appreciation without all the advertisers getting a cut.

It's time for people who truly support decentralisation and Crypto to start using steemit as their primary content distribution method.

[boxmining]

thank you ,

[newageinv]

Regulation is ultimately good as it demonstrates law and order made to protect consumers in the long run. This will help older generations get comfortable with the concept of digital currencies which could add to adoption.

[kabir88]

Very good point! Some people look at me like I am trying to get them hooked on crack when I mention Crypto

[anujkumar]

One day will be come, when every people use blockchain.....

[boxmining]

let's look forward

[teutonium]

Well to be fair I don't like binance because it's centralized, but saying binance is a scam is and that CZ is a bad person isn't right... from all i've seen from binance they are probably the only exchange i trust at 99% with my funds, they are quick to fix stuff and they have detected most of the problems that binance had and has...

Regarding qtum and neo, i'm not going to speak about qtum since i don't know anything about it, the only problem i have with neo is that it's centralized but they are aiming for decentralization as soon as they can

PS: Didn't know you were on Steem, i normally watch your videos on youtube, found you through the Vechain subreddit since i'm a hodler and you made some videos about it :)

[boxmining]

thanks , next time you can see me here

[jhonmedas]

@boxmining It was just pump and dump ?

[ashike]

thanks for the new blog. that is great and nice photography.

[boxmining]

you're welcome

[sugarboy]

Hi Mikel!

Once again thanks for your cool videos.

Sorry but I do not have a lot of time lately so I am not really able to comment on every post. But really amazing work and thanks for helping the crypto community.

[boxmining]

hello , you guys, it doesn't matter .this's my duty to
help the crypoto community.

[sugarboy]

Hi Mikel!

Thank you so much,. You are really the man and helping our crypto community and myself a lot. I really appreciate that.

[sugarboy]

Hi wow thanks a lot for your upvotes. I really appreciate that. Thanks.

[coin.info]

Coins mentioned in post:

Coin		Price (USD)	📉 24h	📈 7d
BIS	Bismuth	1.066$	-1.65%	8.07%
BTC	Bitcoin	6640.900$	0.09%	6.44%
ETH	Ethereum	472.337$	-0.27%	7.69%
GAS	Gas	13.096$	-4.03%	34.14%

[boxmining]

wow, so clearly you can see the trend of kinds of coin

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[boxmining]

thanks a lot

[acryptoverse]

@boxmining why is it so do you thing it can do something about eth for these kind of instance?

[gamercrypto]

Ethereum will need to do something to lessen the incentive to do Airdrops in order to declog the system. If adoption would be at levels needed to change the world, ETH would not survive.