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Daily Crypto Nooooooz

Started by indiamikezulu, February 28, 2017, 12:47:57 AM

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indiamikezulu

'As of press time, Swarm City had confirmed the loss of 44,055 ETH. Edgeless Casino and æternity have not yet given any official comment.
Overall, it's the latest security setback for an ethereum project in recent days, following a hack on CoinDash in which $10 million was stolen in an ICO earlier this week.'

http://www.coindesk.com/30-million-ether-reported-stolen-parity-wallet-breach/


'crowdfunding hack further dents trust in crypto-trading world'

https://www.theregister.co.uk/2017/07/18/coindash_hack/



Well . . . no. Not 'crypto-trading world.' But actually specifically '2.0 crypto world,' the one with the ICOs. And I'm pushing here the same barrow I've been pushing for a million (krypto) years: a stable currency is a most desirable thing.

Now, I can't comment on the GRS dev team's intentions at the time of GRS's launch; but it sure is workin' out well! The no-ASIC-presently-available thing keeps us at some distance from the mining-centralisation problems that Bitcoin is having. And not having ICOs protects us from the hacks that have been destabilizing Ether. Suits me fine.

'A proper blockchain must establish a fundamental layer of value transfer that only does one thing really well: sends value units in an uncensorable way across the internet.'

https://www.reddit.com/r/CryptoCurrency/comments/6oh2ab/ethereum_is_a_mathematically_broken_and/

Yup. That's us: 'sends value units.'



And I'm gonna compare the mining-schedules of Unobtanium and GRS. It annoyed me that the term 'inflation' was used, right up to 2016, where writers obviously meant 'emission.' So (they'd say), 'Bitcoin is inflationary'; and they meant that the fact of 'incoming' coins constituted a downwards price-pressure. And that's correct.

And if you are unaware, Unobtanium has a most unusual mining-schedule: about 20% remains to be mined, but will be stretched out over centuries. So, its 'inflation' is effectively over. So that downwards pressure is over.
Meanwhile, GRS is still experiencing 'inflation' – a downwards price-pressure; and that puts a long-term GRS investor in a great position: hard-capped crypto, no ASIC available, still got 'inflation' as a downwards pressure, well positioned (the range of wallets) to attract new community members, and you can buy it with fiat.

Nice!

indiamikezulu

'The U.S. Federal Reserve won't increase interest rates this year . . . '

http://www.cnbc.com/2016/07/11/federal-reserve-wont-hike-interest-rates-this-year-societe-generales-alain-bokobza-says.html

I focus on the GFC, readers, on the principle that, as debt weakens national currencies, people will adopt cryptos – safe-haven function.

We're now heading towards three years since the U.S. Fed Reserve stopped printing money, and stated bluntly that interest rates must rise  . . .

if the economy allowed that . . .

but the economy isn't allowing that . . .


And the Chinese recently admitted that their 'shadow-banking' industry is even larger than they thought. And the Japanese . . .

Actually, let's condense all this: the cynics are right. Stopping debt-creation would collapse the global economy. The U.S., the Japanese, the Chinese, the Europeans – they all continue to pour money into their economies.

It's good good news for the long-term of cryptos.

indiamikezulu

Sick of hearing about Btc's scaling problems? Yup. Me too. Tough: gotta stay up to speed:

'While there are a few steps left before bitcoin's long-awaited capacity upgrade is a done deal (it's looking increasingly likely that bitcoin miners will push a scaling upgrade by the end of August) . . . '

http://www.coindesk.com/rock-hard-fork-jeff-garziks-plan-avoid-bitcoin-split/

indiamikezulu

http://www.zerohedge.com/news/2017-07-22/pippa-malmgren-talks-bitcoin-refugee-crisis-and-plunge-protection-team

Guys, I don't agree with all Pippa says; but it's fine to see that she chose to speak of the trio of cryptos, debt, and the refugee crisis in Europe.


indiamikezulu

For a few days, campers, let's amalgamate this thread with this one: https://www.reddit.com/r/groestlcoin/comments/6pc0rm/weekly_grs_market_thread_724/

The OP is doing a really good job.

indiamikezulu

Oooooh!

https://coinmarketcap.com/currencies/groestlcoin/#markets

CMC is now listing both our Chinese exchanges, so our posted trading-volume has increased.

And we are still here -- https://www.reddit.com/r/groestlcoin/comments/6pc0rm/weekly_grs_market_thread_724/ -- giving Shakesbeery some support.

indiamikezulu

Does anyone here trade on Alcurex? Is it creepy that most of their coins seem 'Deposit Unavailable'? (Is there some invisible button that I missed?)

jackielove4u

Quote from: indiamikezulu on July 30, 2017, 10:28:37 AM
Does anyone here trade on Alcurex? Is it creepy that most of their coins seem 'Deposit Unavailable'? (Is there some invisible button that I missed?)

Not trading on Alcurex here

indiamikezulu

Okay: Naive Report from IndiaMikeZulu: Alcurex is effectively down for us. They were linked to BTC-e, therefore drama drama drama -- they have closed the markets. AND: they've locked the BTC wallets because of the forthcoming split.

This Report up on Slack and Reddit GRS

indiamikezulu

We are avidly following the BCC thing -- if you put 'BCC' in on CMC, Bitcoin Cash doesn't come up. But it is there, at 799 at this second: $292 with $1.2M vol.

And I am working the GRS-LTC pair on Cryptopia, though it's a little hard to work out the price.

And Alcurex, don't forget, is effectively down for us.

And there has been some BTC-GRS volume on Coinexchange.

indiamikezulu

Krypto Nooz 2/8

We don't tout for it, but IndiaMikeZulu has a P2P 'Lounge Room.' There's a lively discussion going on there now about GRS. These guys are old-timer POW enthusiasts. Let's see how that goes.

And The State of Exchanges? I am reluctant to post scuttlebutt here, but there is a lot of chatter about the major exchanges. We weren't impressed by the exchanges' response to the recent massive influx of capital. Well, perhaps the drama around BCC is Round Two of this?

jackielove4u

Quote from: indiamikezulu on August 02, 2017, 04:58:13 AM
Krypto Nooz 2/8

We don't tout for it, but IndiaMikeZulu has a P2P 'Lounge Room.' There's a lively discussion going on there now about GRS. These guys are old-timer POW enthusiasts. Let's see how that goes.

And The State of Exchanges? I am reluctant to post scuttlebutt here, but there is a lot of chatter about the major exchanges. We weren't impressed by the exchanges' response to the recent massive influx of capital. Well, perhaps the drama around BCC is Round Two of this?
How can users join your p2p lounge room?

indiamikezulu


indiamikezulu

This chart says it all: https://bittrex.com/Market/Index?MarketName=BTC-GRS

Alcurex is still in limbo.

GRS-LTC on Cryptopia shows a much tighter buy-sell spread. I picked up 1,000 GRS there just yesterday.

GRS-DOGE: I love Doge. Everyone loves Doge, but that's not the same as being prepared to buy in during its long-slow-decline phases. Zero volume on this pair.

GRS-ETH: sigh: I hoped to get some volume here; but Eth's recent screw-ups have made that hard. If anyone wants to buy ETH with GRS, contact me.