Mining

Did Bitcoin Cash Fail? 500 Days Since the Fork, it Looks Like it Did

Nearly 17 months after the contentious fork that gave birth to Bitcoin Cash, it may be safe to say that the entire purpose of the fork may have been defeated, rendering Bitcoin Cash as little more than just another altcoin. An examination of the available 500+ days worth of data on the bitcoin cash blockchain shows that despite the impassioned arguments and big promises made about its 8 MB block size, it has never come close to filling out this capacity. Data from Coinmetrics shows that Bitcoin Cash still remains far behind Bitcoin not only in proportional terms but also

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Mining

BD Ratings – Peercoin

Today the rating of Peercoin was published on my webpage. Coin selection is random, based on BTC block nonces, and I am honestly happy it landed on PPC. A large majority of all cryptocurrencies I rate are garbage, which this time resulted in the second highest rating so far (the highest being BTC). This does not necessarily mean PPC is the second best protocol rated so far, it means it is the second most undervalued.

For anyone with time on their hands, please point out any misconceptions or errors in the article and I will correct it them immediately. For the rest of you, here is a TL;DR on main points that are also up for discussion. I suspect some of you might disagree with conclusions I have drawn.

Total Rating: 7/10. (1-4: Sell, 5: Hold, 6-10: Buy)

Ecology: 3/10

  • Low on-chain activity. Relatively low community activity.
  • The project is actively developed and a new webpage as well as extensive documentation efforts recently launched.
  • Long, 'clean' project history.

Technology: 6/10

  • Sound and battle tested Bitcoin Core codebase.
  • Active pool of developers.
  • Focus on a slim protocol, minimization of attack surfaces instead of bloated do-it-all blockchain.
  • Stable protocol (no large changes within short time frame) ensures money properties solidify.
  • Nothing-at-stake theoretical as of now no evidence of credible threat. Future will give more data.
  • Issuance model is sustainable and will ensure enough incentives to run full node.

Decentralization: 8/10

  • Too high initial PoW issuance. Millions of coins the first few weeks is not good.
  • Continuous PoW scheme offsets the above mistake. PoW minting is decentralizing the network for every day that passes.
  • Decentralization ethos among developers and community. Really impressed with how mining tax proposal was handled.
  • Again, focus on thin backbone protocol. Relatively high tx-fees has resulted in an incredibly small blockchain size which is good for decentralization. StakeBox (is this partnership still operational?).
  • Opt-out possibility from checkpointing. Also, they are done client-side. Can anyone confirm checkpointing is only client-side as of 0.7?

Valuation: 9/10

  • USD 12M (CMC #180, ~0.02% of BTC) is just ridiculous. I don't even have to mention the vast number of worthless projects that has a higher market cap than PPC.
  • Low inflation, combined with the fact that PPC is unusually decentralized. This means hard money on practice, not only in theory.

Full article:

https://www.bdratings.org/l/peercoin-an-old-tardigrade/

submitted by /u/BDRatings
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Mining

Max Keiser on Bitcoin Cynic Warren Buffett: ‘He’s a Complete Failure’

Appearing for an interview with BlockTV, Max Keiser explained why he thinks Warren Buffett has been throwing shade at the crypto community. Keiser did not hold back: I think he feels insecure. Without the bailouts of 2008, without the access to free money from central banks, without stock buybacks – that were up until recently illegal – Warren Buffett’s performance would be close to zero. Warren Buffett has trashed Bitcoin in particular and the budding crypto-economic sector in general, calling Bitcoin “rat poison squared” just last year, CCN reported. Buffet: ‘Aiding and Abetting Crime’? Keiser also suggested that Buffett’s investments

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Here’s Why Ripple’s (XRP) 14% Coinbase Pump Rally Could Fizzle Soon

Ripple (XRP) broke out of the wider cryptocurrency bearish bias on Monday, rising as much as 14% after Coinbase Pro’s announcement. The San Francisco-based crypto exchange had stated that it would add XRP to its basket of tradeable assets to diversify its offerings. The news led to an improvized buying sentiment in the XRP market, given Coinbase Pro’s regulated status in the US, supported European Union member nations, Canada, Singapore, and Australia. As a result, traders purchased up to $1.3 billion worth of XRP tokens, leading to an increase in its market capitalization. The move further adjusted XRP-to-Dollar exchange rate

The post Here’s Why Ripple’s (XRP) 14% Coinbase Pump Rally Could Fizzle Soon appeared first on CCN

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Cryptocurrency Release: Dash (DASH) 0.13.0.0

Liz R has announced the release of Dash (DASH) Core 0.13.0.0, a major new version of the project's proof-of-work cryptocurrency with focus on privacy and anonymity of transactions. The new version, which is a mandatory upgrade, brings a number of improvements: "Dash Core Group is pleased to share....

Mining

Marshall Islands to Issue Physical Banknotes for World’s First Decentralized National Digital Currency

The Marshall Islands will soon circulate physical banknotes representing the world’s first decentralized national digital currency. This is happening under an agreement with Tangem, a Swiss maker of blockchain-enabled smart card wallets for cryptocurrencies. “We are excited to partner with the Republic of the Marshall Islands to do something that has never been done before: issue a digital currency as official legal tender,” Tangem co-founder Andrey Kurennykh gushed in a statement. Smart Card with Microchip and NFC Antenna The physical banknotes will take the form of a smart card powered by a blockchain-enabled microprocessor. Tangem says its technology enables users to

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India Readies 750,000 Russian Assault Rifles and a Nuclear Submarine. Is Pakistan in the Crosshairs?

India is stockpiling an enormous arsenal of weaponry and military equipment. According to an announcement on Sunday, March 3rd, India will make a quarter of a million new assault rifles for the Indian army. India’s president Narendra Modi opened the new Kalashnikov plant in partnership with Russian. India is also expected to sign a lease for a Russian nuclear attack submarine this week. The $3 billion deal will see India take control of a fully-customized nuclear vessel. Tensions between India and Pakistan have simmered down since last month’s airstrikes. However, India is ramping up its arsenal. Is this a sign

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Mining

As the Blockchain Hype Dies, Why Should We Care About Practical TestNets?

The blockchain era has largely been defined by grandiose promises and ambitions, but little to show for it. For most companies, even those that successfully complete ICOs, we usually hear loud guarantees of life-changing and revolutionary technology. In the end, however, these “game-changers” end in the same place most others do, the dustbin of history. Reports of a vast majority of blockchain projects fizzing out or simply vanishing have become common, and those applications still around are forced to shoulder the burden and standard of the industry. In this climate, where observers are turning an increasingly critical eye to the

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Why Nasdaq’s Real-Time Crypto Data Portal Might Soon List Ripple

Ripple (XRP) is on a winning streak right now. Yesterday, the world’s third-largest cryptocurrency jumped 12% higher after Coinbase confirmed it would list XRP on its Coinbase Pro platform. Now there’s an XRP index in the works, and there’s a good chance it will be listed on the Nasdaq, the world’s second-biggest stock exchange. Bitcoin and Ethereum Indexes Now Live on Nasdaq On February 25, Nasdaq launched the long-awaited bitcoin and ethereum indexes on its platform. The indexes, powered by Brave New Coin, aim to provide a stable, accurate spot price for the cryptocurrencies. The listing on Nasdaq is a

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