Bitcoiner Resolutions, Hashrate All Time High EP001 by BTC ...

The Greater Fool's Theory: Crypto Edition

There is a big cognitive dissonance within the crypto community. The dream of decentralization and censorship resistance is dominated by big centralized exchanges centralized empires like Binance and Coinbase.
Speculation still drives the market and fuels the continued growth of centralized exchanges. One of the leading factors fueling the revenue stream of exchanges is new coins, namely ICOs and in future STOs. ICOs became nothing more than a way of Flipping Tokens. Most ICOs used and continue to used Proof of Greater Fool to push forward their blockchain.
People invest in something that they know is probably worthless and extremely overpriced, hoping that they can sell that worthless overpriced digital token to a "Greater Fool". In the end, all ICO investors are fools because even if Fool #1 manages to Flip the token at 3x the price he bought it at, he is still the fool compared to the ''ICO that now holds millions** collected by all the #1 fools.
Essentially ICOs that list on exchanges right away that have nothing to offer and no product are basically Ponzi schemes, with ICO team at the top, ICO Buyers second Layer and people on the exchange at the bottom of the pyramid.
The IEO (Initial Exchange Offering) is a natural evolution of this Ponzi scheme: Now with ICO and Exchanges working together to pump up the price, being able to freely manipulate the price of the token and print free money. As Cryptocurrencies are a totally unregulated market they are pretty much free to do whatever they want.
Cryptocurrency exchanges basically became empires fueled by greed, trading fees, listing fees, and so much more. These empires have no interest in changing the system, similar to how banks do not want to give away power.
It is expected of anyone in power to be very corrupt in a totally uncontrolled market.

BUIDL VS Initial Exchange Offerings

In 2019, for the first time in 3 years, projects that focused on tech, product, and business development came out of the darkness.
Most people pretended to work to look good to raise money, however, some actually worked to solve problems. 2019 was also the year that we started to see Initial Exchange Offerings. ICOs conducted on exchanges compared to publicly.
The original purpose of ICOs was to take away the monopoly of fundraising away from stock exchanges and brokerage firms. An IEO is well explained in that scene of Wolf of Wall Street, when they opened an IPO for Steve Madden shoes. Remember when a centralized entity is responsible for issuing a new stock? It probably has a vast interest in pumping that price, but is it legal in the traditional financial space?
ICOs that are actually working hard to build their product also understand that in order for their projects to become successful they need to become decentralized. They need to get their tokens in as many hands as possible. Of course, the person that is attached to that hand should also bring value to the project.
The best example of the power of useful decentralization is Bitcoin. Bitcoin has a pretty old tech, had a few bugs in their source code, is super slow, but yet it has by far the best community and strongest social consensus. Hashrate doesn't mean much, after all, Bitcoin Cash had a bigger hash rate for a brief while, but it was the social consensus of the mining community that decided not to implement the new changes introduced by Rodger and Bitmain. Now BCH is less than 96% of the market Cap it used to be.
The value of cryptocurrencies is defined by nothing more than censorship resistance, game theory, and token holders. In the long term, these three factors will be decisive determining which coin will have the biggest market cap. Bitcoin has by far the most censorship resistance, probably one of the best game theories and by far the best community.
The value of a coin is pretty much all about: how hard it is to change the information saved on the block * (sum of all useful skills and influence amongst all token holders) that can be leveraged by game theory within the ecosystem.

Best case vs Worst Case outcome for an ICO

An ICO that is used for its actual purpose and not as a vehicle to facilitate scamming, can be seen as the big bang of any new blockchain ecosystem. Successful ICOs understand that they need to act like economies, not companies. Usually, economies filled with smart people that can utilize their skills to push their ecosystem that is also run by the good government (good game theory) do very well, compared to economies that have a very small set of inhabitants that can bring economic value for influence and skill sets.
The optimal scenario for an ICO would be if the tokens were magically distributed among the best developers, business integrators, influencers, politicians and basically anybody that would be willing and capable of bringing value to the new blockchain ecosystem.
Bitcoin’s mechanism to achieve this magical community was via mining and its 4-year reward halving cycle. It takes a great deal of passion and technical skills to start mining. Also, the low token price during the first few years motivated the best developers, who are also deeply interested in the technology, to jump onboard and help on its development efforts. This also allowed them to acquire a lot of tokens in the process.
The 4 year Bitcoin Pump and Dumps enable very smart individuals to join the bitcoin ecosystem every 4 years and accumulate at low prices. Regulators love crypto once they’ve also bought a bag.
Therefore the best outcome is the magical distribution of tokens to all the best developers, business integrators, influencers, politicians and basically anybody that would be willing and able to help that new blockchain ecosystem. The worst case would be an ICO whose tokens holders are mostly speculators, also known as an initial Exchange offering.

ICO DOG offers a different path: Social Mining

We have been very busy for the past few months to build an IDK (ICO Development Kit) for the cryptocurrency ecosystem.
It is an off chain - onchain hybrid solution that any project can plug into their project to assist them with all problems they could potentially face and helps them in the long run to become a decentralized autonomous system. We called it Social Mining, proof of engagement. A certain percentage of the token supply is dedicated for social mining. Any ICO or Post ICO project can plugin our solution to boost their community and to help them become more decentralized.
We have been testing the system now for about 6 weeks and the results are already overwhelming for our first client LTO Network. After the first 6 months, LTO network now has 8 different language channels, community marketing team, over 50 mainnet nodes, community development team, and community produced merchandise shop. The platform is in every sense the opposite of an Initial Exchange offering.
The best performing ICO in the past 12 Months was raised via an IEO on Binance 2nd best performing ICO was raised via our IDK and proof of engagement
You can find a very good in-depth comparison of the two projects here: https://cryptodiffer.com/news/buid-the-meme-that-thrives-in-todays-bearmarket-by-steven-price/
For more information on Social Mining you can check out our content at: www.icodog.io - https://icodog.io/crypto-stories/the-story-of-icodog-november-progress-report/
Or on the LTO Medium Page: https://medium.com/ltonetwork/community-engagement-and-whitelist-the-lto-way-4698b98fdddd
Full article in: https://steemit.com/bitcoin/@icodog/the-greater-fool-s-theory-crypto-edition
By icodog.io
submitted by EnriqueZGZ to ico [link] [comments]

How IMMINENT is a Bitcoin BREAKOUT really?  BTC Hashrate 40% FLASHCRASH!? BITCOIN MINING DIFFICULTY EXPLAINED IN 10 MINUTES! Hash Rate vs bitcoin price !! आखिर क्यों नहीं बढ़ रही ?? बिटकॉइन की कीमत, Latest Bitcoin News HISTORICAL BITCOIN HASHRATE DROP!!! Binance Launches Crypto Mining Pool Amid Centralization Concerns You are being LIED TO about BITCOIN 🚨DON'T BE FOOLED ... BTC 20k - NiceHash Hacked 100 million - Selling Alt Coins for Bitcoin - BTC Mining Mining Bitcoin Monero With Blackberry Q5. I Could not Believe The Hash Rate! When do you get Paid NiceHash mining Payout rate bitcoin ... Bitcoin $10k Pullback, Justin Sun Loves XRP, Binace Cloud & Layer1 Bitcoin Mining

Der aktuelle Bitcoin-Kurs (14,879.64 $) im Live-Chart in EUR, USD & CHF im Überblick Bitcoin-Rechner Verfolge den aktuellen Kursverlauf live! Binance; Kraken; Lead Generation! (+600% Your List) Posted on August 18, 2020 by BGC Admin. Excessive Flooding in Sichuan Causes 20% Hashrate Losses for Chinese Bitcoin Miners. Torrential downpours of nonstop rain have been wreaking havoc in China’s Sichuan province, which has caused some operations to shut down ASIC mining devices. Reports from the region show that certain areas have seen ... Litecoin Maintains a Higher SegWit Adoption Rate Compared to Bitcoin (Nulltx) Nouriel Roubini: The Plunge To $8K Proved Bitcoin is Whale-Controlled and Manipulated (CryptoPotato) – Post-Halving Report: Brazil Could be New’ Demand Source’ for Bitcoin (Cointelegraph) Unlike BCH and BSV, Bitcoin’s Hash Rate Holds Strong After Halving (Longhash) Binance Invests in First Regulated ... An online petition platform has created a screensaver that turns idle computer systems into Bitcoin miners. Change.org will take the revenue generated by their new initiative and use it to help fund the Change.org Foundation. Change.org Foundation Will Use Donations to Help Build Social Movements Around the World The idea behind The Mining Screensaver is […] The reason for Binance launching its own blockchain is buried deep within the statement, but it arrives, eventually: “As a public blockchain, Binance Chain will mainly focus on the transfer and trading of blockchain assets, as well as provide new possibilities for the future flow of blockchain assets. Binance Chain will focus on performance, ease-of-use, and liquidity. Binance Coin (BNB ... Since then, however, bitcoin miners have increased in both number and hashpower, as the network has seen a 15-20 exahash per second (EH/s) increase. Moreover, on May 22, there were 17 mining pools hashing away at the Bitcoin network and now there are 32 pools. Bitcoin Hashrate Rebounds. Mining bitcoin is a competitive industry. The mining ... Easy-to-use creation tools Creation tools designed for every podcast, at every level.; Hosting & distribution 100% free hosting and one-click distribution so you can focus on creating your podcast.; Straightforward analytics Convenient stats to help you track your podcast’s performance; Get paid to podcast The first podcast advertising platform for everyone. Bitcoin hashrate jumped 23 percent since May 26, signaling more miners are resuming operations on the cryptocurrency’s blockchain network.The rally also continued as Bitcoin’s mining difficulty dropped by over 9 percent on June 4.The rising hashrate indicates a slowdown in miner capitulation, which could assist in sending the bitcoin price higher towards $10,000.The Bitcoin hashrate […] With the goal of repatriating U.S. Bitcoin mining, Layer1 aims to scale up to 100 megawatts in the coming months and exceed 2% of the total Bitcoin hashrate, with a roadmap to reach 30% by the end of 2021. This will enable the U.S. to offset China’s dominance in Bitcoin mining and improve the country’s national security efforts for an asset class with the potential to be a reserve currency. Mining; Blockchain; Technology; Energy; Healthcare; NBA; NFL; NHL; MLB; Tennis; UFC; Search for; Random Article; Home/Blockchain/ Bitcoin Hashrate Nosedives as Chinese Miners Move On. Blockchain Bitcoin Hashrate Nosedives as Chinese Miners Move On . Alphastox Admin 29 mins ago. 0 2 minutes read. The last 24-hours has seen the price of Bitcoin up 4% to $13.6k. Despite concerns of being ...

[index] [10959] [19795] [14760] [11547] [16301] [20481] [15329] [5429] [9678] [9554]

How IMMINENT is a Bitcoin BREAKOUT really? BTC Hashrate 40% FLASHCRASH!?

My Second Channel: https://www.youtube.com/channel/UCvXjP6h0_4CSBPVgHqfO-UA ----- Supp... Binance FIAT https: ... Bitcoin At $1 Million By 2020 Is Still Possible And Might Be A Discount Says James Altucher - Duration: 13:56. Kitco NEWS 210,603 views. 13:56. How I learned To Day Trade ... Dosto Namaskar, Kya aap jante hain ki bitcoin ki keemat kyon nahi bad rahi, yaa fir bitcoin kya sach me is saal 30000 dollars ko cross kar dega.... ETF me list hone par kya sach me bitcoin me ... What an insane day . . Bitcoin soars to $20,000 dollars, Nicehash is hacked for 100 million dollars, Coinbase, GDAX, and Kraken get overloaded and shutdown (temporarily). Antminer S7's in stock at ... Mining Bitcoin Monero With Blackberry Q5. I Could not Believe The Hash Rate! So, I finally got the chance to mine with the Blackberry Q5. This sturdy little unit is perfect for texts and calls ... Binance FIAT https: ... #Bitcoin #Hashrate #Mining. Loading... Autoplay When autoplay is enabled, a suggested video will automatically play next. Up next NEVER SEEN!!! ENORMOUS CASH PUMP FOR ... 🏦Exchange🏦 - HitBTC » http://bit.ly/GTCHitBTC - Binance » http://bit.ly/GTCBinance ️Check out my steemit! ️ » https://steemit.com/@genicsthecrypto ... Binance Pool has received mixed responses from the crypto community, with some commentators expressing concerns that Binance's pool will result in a further centralization of Bitcoin ( BTC ) hash ... In this video I go over How often you get your mining payment from nicehash if you have your own external wallet or if you have a nicehash bitcoin wallet Follow Altcoin Daily: https://www.youtube.com/channel/UCbLhGKVY-bJPcawebgtNfbw/videos Protect your crypto with a Ledger - the world’s best hardware wallet: h...

#