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Monday, November 26, 2018
$5 Million ICX buyback. Here is everything we know
Sunday, November 25, 2018
Weekly Bulletin (Nov 25, 2018)
Weekly BulletinSince we're still talking about hash warsI don't want to comment on the whole BCHABCDEFG shenanigans but I do want to point you in the right direction. There's a common misconception that miners control Bitcoin. And if you think miners control Bitcoin, I can't get mad at you, it's also not a super intuitive concept to understand.  A "hashwar" is a fake concept invented and promoted by people who don't understand how p2p network governance with full nodes works. Hash is *only* relevant to transaction ordering, not transaction validity.Very narrow consensus game that is easily overridden by nodes if neededMiner consensus is only relevant if they mine valid blocks. If they mine a different "coin", users are not obligated to switch. A miner can spent billions of dollars on energy and hash rate mining blocks…but if it doesn't follow the rules to which you agree, you can reject those blocks. Folks running nodes are independent validators that checks everything in accordance with the current consensus rules. (You can read more about this here) TL;DR - No nodes, no consensus. If you want to understand this better, check out Pierre Rochard's speech on Bitcoin governance.  MV Index Solutions Launches a Bitcoin US OTC Spot IndexThis is the first bitcoin index based on U.S. price feeds from established OTC trading operations. (Source) Quick refresher, OTC = Over-the-counter. This is just trading that isn't done on open exchanges, instead a middleman is involved, and prices aren't usually published for the public.
Here's why I bring this up. Below is an excerpt from the June 2018 VanEck/SolidX/Cboe ETF proposal.
So the news here is that we now know the OTC exchanges that are going to be used for pricing data in the proposed bitcoin ETF. Bakkt Delays Bitcoin Futures Platform LaunchIntercontinental Exchange announced that it would be postponing the launch of its Bitcoin futures trading platform, Bakkt, until the 24th of January.
State of Ohio Will Accept Bitcoin as a Payment Option for TaxesNot gonna lie, I thought this was some click-bait bullshit. This is actually legit. Starting this week, Ohio businesses will be able to register with the state government to pay some taxes with bitcoin by visiting OhioCrypto.com. (Source) They got a real site and everything, no bamboozle.
Bitcoin price is 80% cheaper than last year…yet it's more mature, developed, lindy, etc… What a time to be alive. I'll end this weekly recap with a dose of hopium A large chunk of people calling for "$1500" right here makes me think a bounce is in order. We need to give FAUX-bears FALSE HOPE... give them a BULL TRAP which challenges local assumptions, *THEN* destroy them FULLY, crushing their spirits beyond recognition. Then we bottom.  Don't say I never done anything for you.
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