Blockchain Progress

2021-04-03 17:00:55 DISCIPLINA is a project from the golden age of crypto, made by a relatively anonymous team

It stores verified personal profiles based on academic and professional achievements. It is backed by Cardano founders, who invested in the project.

DISCIPLINA's blockchain is quite compact, just like Mina's. It also has a testnet and a Mac wallet.

NFT's implementation is planned to validate the authenticity of platform's content and courses.

Pros:

Great technology with its own blockchain, not another Ethereum-based token
Strong team
Backed and supported by Cardano founder
Traction in China
Launchpad IDO, sweet profit and BSC is expected - just the way we like it

It’s gonna be a GEM! Open / Comment

2021-04-02 20:00:50 ​​Bitcoin Market Changed 'Radically' & Volatility Decline Attracts Institutions

We are in a "radically" different bitcoin (BTC) market today, an analyst stressed, while JPMorgan strategists find that decreasing volatility is here to help institutional adoption.

Per the latest Market Intel report by Chainalysis' Chief Economist Philip Gradwell, the data collected in the research suggested that the bitcoin price is resilient above at least USD 50,000, that there is significant observed demand at high price levels, but also that the market has changed radically in recent months.

"Cryptocurrency prices have been volatile but resilient over the last two weeks, with the bitcoin price ranging from a low of just over USD 50k to a high of just under USD 60k, but ending the fortnight at a similar price level to the start, of above USD 58k," he said.

Chainalysis observed the amount of bitcoin held by 'whales', those who held at least BTC 1,000, and how much they had paid for it, but they also analyzed all entities holding bitcoin, and concluded that,

"Analyzing the cost of acquisition since 2016 demonstrates how radically the market has changed in the last few months, to one where there is likely to be a lot of demand from existing buyers to support high price levels. As long as existing buyers do not change their hypothesis on bitcoin, it is likely that the price will be resilient above at least USD 50k."

While, by March 29, BTC 8.4m were last acquired for less than USD 10,000 each, BTC 0.1m were acquired for more than USD 57,626 - these holders had made a USD loss but were still holding. Furthermore, said Gradwell, BTC 5.6m were bought for more than USD 30,000 and continue to be held, as well as BTC 3.1m at more than USD 40,000, and BTC 1.6m at more than USD 50,000.

Additionally, with the rapid price increase since November, from USD 15,000 to the all-time high of above USD 61,000, came the significant acquisition of bitcoin across many groups, resulting in the bitcoin cost curve to shift up significantly for 8m of the BTC 18.7m supply - meaning that the cost basis for many BTC is now "radically higher" than just a few months ago, "demonstrating that a broad swath of market participants are willing to buy and hold at much higher prices than previously."

Cost curves were relatively low in 2016 and early 2017, as the price of BTC had been relatively low. Despite jumping in the meantime, the cost curves changed relatively slowly and remained close together, according to the analyst. But the two most recent cost curves, for January 4 and March 29, have jumped much higher than any in the past and very rapidly.

Antoni Trenchev, Co-Founder and Managing Partner of major crypto lender Nexo, also claims that "bitcoin is showing resilience like no other asset as it enters the rally-inducing part of its four-year economic cycle."

"It’s totally uninterested in dollar action, Treasury Yields, tech stocks dropping, gold slipping, you name it. With PayPal allowing 29M merchants to accept crypto and Visa effectively becoming an Ethereum layer 2 by adding USDC as a settlement currency, I have no doubt that this bull run is far from over and that we are on track for further BTC support above USD 60K," he said in an emailed comment.

However, as just USD 1.4bn has been spent to acquire BTC 770,000 at more than USD 55,000, Gradwell warns that this is a relatively weaker price level, and that if more dollars are spent to acquire BTC above this price level, then it will likely become firmer, and vice versa. Open / Comment

2021-04-01 17:59:21 This Telegrams channel is very useful

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Walk in your new shoes along the street during your dream holiday with the help of our channel t.me/BH_GIFT_CARD Open / Comment

2021-03-31 21:30:00 Phuture is a protocol built to disrupt the index industry and re-build it in a Web 3 environment

It's going to be the biggest index platform for the entire crypto ecosystem. Those who know, know!

The next vanguard is here! Launching soon Open / Comment

2021-03-31 15:01:11 Catch an ingenious product for your portfolio: the airdrop of $ QDAO tokens is approaching - coins will be sent to all users of QDAO and Q DeFi Rating services who have contacted a secret bot.

This project will rock DeFi! How to get these tokens for free?

1. Jump into the group https://t.me/PlatinumQeng

2. Stay in the group and wait for the payment of free tokens

3. HOLD! potential growth x100!

What is the QDAO ecosystem? It is a cross-chain portfolio tool for Binance Smart Chain, Ethereum, HECO, Polkadot and Kusama blockchains, among other products. Open / Comment

2021-03-29 20:00:24 ​​Early Investors Hodl Post-Tesla-Bitcoin Buy As Analysts Debate Hedge 'Myth'

Over the past several days, prominent analysts have argued that more early investors are choosing to hodl bitcoin (BTC) at the moment, and that BTC is a measure of wealth, and while some say that it is a hedge against inflation, others call that narrative a myth.

According to Bitcoin analyst Willy Woo, early investors, who usually like to profit from their coins that carry more dormancy, now hodl - following Tesla's USD 1.5bn-heavy BTC purchase.

Average dormancy describes "the average number of days each coin transacted remained dormant, unmoved. The higher the dormancy, the older the coins transacted that day are on average, and the more old hands are releasing their bitcoins into circulation."

Woo's tweet includes an on-chain analysis firm Glassnode's chart of average bitcoin dormancy, 7-day average, showing the moment Tesla purchased BTC. There can be seen an abrupt drop in dormancy just before the purchase, down to November 2020 level. It's still moving between the November and December levels.

As reported, there is quite a lot of debate in the crypto space and outside of it about possible effects Tesla's BTC purchase and its head's, Elon Musk's, tweets have had on crypto and their price, specifically BTC and dogecoin (DOGE). On the same day the purchase was announced, February 8, BTC went from the USD 38,000 to the USD 46,000 level. A much smaller price rise, followed by a drop, was seen last week after Tesla had announced it would start accepting payments in BTC.

In a recent Real Vision interview, Woo noted a great number of wallets just hodling BTC without ever selling them, and these often belonging to just every-day individuals holding their coins. But recently, there's been a larger move of coins from the exchanges and into self-custody, which is a sign of institutional players and high-net-worth individuals coming in, he said.

And as early investors hodl, another old discussion over BTC as a hedge and store of value has resurfaced recently.

In the above-mentioned Real Vision interview, a prominent analyst and CEO of trading firm Factor LLC, Peter Brandt, said that his goal as a trader used to be accumulating more USD, now finding it "a wrong goal" as USD is "the weakest ... most depreciating asset in the world," he said, adding:

"My mindset has really changed within the last year in terms of moving from bitcoin as a trade to bitcoin as a measure of wealth."

Brandt said that we're witnessing "history in the making" and "everybody that’s involved in bitcoin can know they’re really taking part in history," explaining: "This is just unbelievable. People get caught up in the daily motion and the daily moment of bitcoin without realizing we’re seeing a market advance, unlike anything we’ve really seen before. To have four parabolic advances on a log scale in the course of a ten-year period is just unheard of. I would challenge anybody to find a price chart of any asset or any commodity that has gone through this."

Meanwhile, Northman Trader founder Sven Henrich argued that "one can make anything a store of value if enough people agree that it is, especially if there is limited supply," giving rare post stamps and bottles of wine as examples. But is BTC a hedge against the global fiat system? His conclusion is that this is a myth.

Henrich warned that price increases, adoption and popularity don't validate a long-term thesis, and do not guarantee a winner, and "as long as bitcoin keeps running higher everyone is convinced it is a hedge." He stated,

"I submit the hedge argument is entirely unproven. Yes, percentage-wise bitcoin has performed tremendously on the way up since last year. But everything in our liquidity-soaked world has performed well and gone up. For as long as equities keep rising on the heels of unprecedented stimulus and monetary intervention then bitcoin is just along for the ride. The real test would come if equities enter a cycle of severe selling and to see bitcoin then hold its own." Open / Comment

2021-03-29 19:19:46 ​​Hacken Foundation is launching its second project disBalancer

It provides a real value-added solution to businesses and has a high potential to succeed in the market since all companies are interested in becoming resistant to DDoS attacks. DDOS token Sale Round is your chance to be involved in a revolutionary enterprise. Have some doubts? Then let's remind the great success of HAPI project. The hard cap of 8,400,000 HAI was closed in a blink during the first round of HAPI token sale. And now we are very close to repeating this achievement.

The token Sale Round starts on April 1st at 1 pm (UTC)!

Let’s make the industry safer together! Open / Comment

2021-03-26 20:00:49 ​​No Optimism For Ethereum In March - L2 Scaling Solution Delayed

After ignoring requests to comment on their progress, the team behind Ethereum (ETH) scaling solution, Optimism, finally confirmed that the network's mainnet public launch is not happening in March. Their new "rough estimate" for the launch is now July.

"The expedited timeline took most projects by surprise and we did not give ample notice for our community to prepare for launch. ... In our excitement, we only considered our own needs and failed to consider our partners’ timelines & requirements," the developers said today, adding that they're postponing the launch in favor of a more coordinated community launch.

According to them, an uncoordinated rush into Layer 2 without enough community preparation is dangerous and there's a risk that popular decentralized apps might get forked and launched by adversaries with the intention of defrauding users.

"Our goal is to make sure that foundational projects, infrastructure providers, block explorers, wallets, and token bridges have time to integrate, audit and test," the team said, adding that their main heuristic for opening mainnet to the broader public is "stability and ecosystem readiness."

Layer 1 (L1) is the base protocol (the Ethereum blockchain), while Layer 2 (L2) is any protocol built on top of Ethereum.

As reported, Optimism is an L2 scaling solution, which allows for the Ethereum mainnet to be 'unburdened' from the great number of transactions it has to process. It uses optimistic rollups to achieve lower fees and latency, as well as greater throughput compared to Ethereum L1 alone. The team behind Optimism was funded by venture firm a16z (Andreessen Horowitz) back in November - a round that enabled the latest Optimism hires and with them, expedited timeline.

a16z described Optimism as "an extension of Ethereum, with adherence to Ethereum development paradigms, which results in a very easy transition for developers, wallets and users." Open / Comment

2021-03-23 20:00:43 ​​Prominent Crypto Players Increasingly Angry With Heavily-Backed BitClout

The criticism against what turned out to be one of the most controversial crypto projects this year (so far) is heating up. Many high-profile players are growing increasingly angry with the new, high-profile-investors-backed project called BitClout.

The first question that was in many people's tweets in the past day was 'what's BitClout?' The questions grew in number as many well-known Cryptoverse residents started finding their own profiles on this new blockchain-based social network - and they didn't create them.

At the core of this social crypto-exchange is that users are selling and buying social coins representing the identities of people whose profile it is, that is, they're based on these people's reputations. "Every profile on the platform gets its own coin that anybody can buy and sell", says BitClout, and these are called Creator Coins.

Profiles of 15,000 people have already been scrapped from Twitter and pre-loaded into the platform, "meaning that you can buy and sell their coins even though they’re not on the platform yet," they said. The owner of the Twitter account associated with a profile can claim it.

Additionally, while one needs the network's coins to do anything there, they first need to convert bitcoin (BTC) into BitClout, but apparently can't trade it back.

Some prominent individuals with profiles on BitClout include Messari CEO Ryan Selkis, as well Anderson Kill Partners Stephen Palley and Preston Byrne. Some of them have already asked for their profiles to be taken down, stating that the sites' creators "do not have my consent to monetize my name, likeness and reputation." Palley added: "Even better, you should pull down the site completely and get written consent from people first."

Byrne in particular was vocal about this and the sites' supporters' claims that BitClout is a decentralized version of Twitter, arguing that it's far from decentralization. He referred to these Creator Coins as "shitcoins," and noted that "a good chunk of legal cryptotwitter is looking at the issue." Byrne's profile seems to have been taken down and currently can't be found on BitClout.

Meanwhile, BitClout has some big names behind it, as Coinbase, Sequoia, a16z, Social Capital, DCG, Pantera, Huobi, Winklevoss Capital, North Island Ventures, and others reportedly invested in it.

But criticism rose against them too, with some, like Bitcoin strategist at the Kraken exchange Pierre Rochard, arguing that this is funding a scam, and others, like Unchained Capital's Parker Lewis, joking that, to prove their conviction, investors should sell their BTC and buy BitCloud.

But as for it being a scam, The Breakdown Podcast host Nathaniel Whittemore argued that "it's not a scam in the sense of them going to rug pull and fuck you." Instead, he said, "it's an unholy mashup of Silicon Valley style growth hacking, sociopathy that sometimes stumbles into a good social network, and crypto."

Lastly, there are those worried about potential privacy implications once profiles are claimed.

"Clearly, the platform is fraught with moral and ethical conundrums, but hey, this is crypto. Apparently, Chamath Palihapitiya and Ashton Kutcher have already claimed their accounts, but I could easily see Elon Musk and/or Kim Kardashian, along with a dozen or so other social influencers, coming out with a class-action lawsuit," Quantum Economics founder and CEO Mati Greenspan, said.

He stressed that that American singer Ariana Grande, for example, already has USD 1.14m worth of bitclout-based tokens, however, there doesn't seem to be any way to withdraw them. Open / Comment

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