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Daily Crypto Nooooooz

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

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indiamikezulu

Deep breath . . .

Total crypto cap was under $40B at dawn here yesterday. $45.7 at this second, 30 hours later.

Litecoin has v. high volume. Ether is heading to $10 Billion cap.

'It's kind of crazy to think how early it still is now . . . '

https://www.reddit.com/r/CryptoCurrency/comments/699rdc/are_we_in_a_bubble/


There's a lot of are-we-in-a-bubble discussion going on. My guess? There'll be some correction. There always is. But we've risen to another plane.

Now is a really really good time to keep GRS active and attractive, so that any correction (largely) passes us by.

What do you guys think?


indiamikezulu

'The leader of the National Front was supposed to be the start of a populist front that would bring the euro and the European Union crashing down.

http://www.afr.com/news/world/europe/how-the-french-election-will-save-the-euro-20170504-gvyp6k

'the start of a populist front'?

I recall the term 'P.I.I.G.S.' being coined, and the prolonged howls of mirth it produced from the mainstream press; but at this point, a half a decade later, almost a third of the EU's member nations are expressing discontent with the EU.

Here's the nitty gritty: supra-nationalism is in decline, and a higgledy-piggledy inclination to nationalism will dominate whatever on earth happens henceforth.


jackielove4u

Quote from: indiamikezulu on May 05, 2017, 07:51:26 AM
Deep breath . . .

Total crypto cap was under $40B at dawn here yesterday. $45.7 at this second, 30 hours later.

Litecoin has v. high volume. Ether is heading to $10 Billion cap.

'It's kind of crazy to think how early it still is now . . . '

https://www.reddit.com/r/CryptoCurrency/comments/699rdc/are_we_in_a_bubble/


There's a lot of are-we-in-a-bubble discussion going on. My guess? There'll be some correction. There always is. But we've risen to another plane.

Now is a really really good time to keep GRS active and attractive, so that any correction (largely) passes us by.

What do you guys think?

I think the correction will not affect GRS. The pump passed us, so will the dump. But then again I'm no economist.

indiamikezulu

#93
Quote from: jackielove4u on May 05, 2017, 12:56:51 PM
Quote from: indiamikezulu on May 05, 2017, 07:51:26 AM
Deep breath . . .

Total crypto cap was under $40B at dawn here yesterday. $45.7 at this second, 30 hours later.

Litecoin has v. high volume. Ether is heading to $10 Billion cap.

'It's kind of crazy to think how early it still is now . . . '

https://www.reddit.com/r/CryptoCurrency/comments/699rdc/are_we_in_a_bubble/


There's a lot of are-we-in-a-bubble discussion going on. My guess? There'll be some correction. There always is. But we've risen to another plane.

Now is a really really good time to keep GRS active and attractive, so that any correction (largely) passes us by.

What do you guys think?

I think the correction will not affect GRS. The pump passed us, so will the dump. But then again I'm no economist.

This makes sense to me, Jackie. My trading is . . . naive. One thing I do watch is the buy- and sell-orders, and the buy-support has been notably solid.

indiamikezulu

#94
Even if your politics aren't as radical as mine, readers, you'll grant me that a great deal of stuff is going on . . .

or much more to the point, is going to continue going on -- we toss the term 'disruptive technology' about rather too lightly.

So:

' "What he did was a complete opposition to everything he has stood for in terms of his economic policies,"  '

http://www.abc.net.au/news/2016-04-05/iceland-pm-resigns-following-panama-papers-leak/7302330

So, liar liar pants on fire for the now-resigned Icelandic Prime Minister, brought down by the release of hacked documents.

And today:

'Mr Macron's En Marche movement said internal campaign documents, including emails and financial data, had been taken in an "act of massive, co-ordinated hacking".'

http://www.bbc.com/news/world-europe-39827244

The actual hack happened several weeks ago, so the timing is sweet: just as the no-campaigning period before the election began. And 'The campaign said that genuine files were mixed up with fake ones in order to confuse people.' Niiiiice!!!

The French Government is warning 'media outlets' against publishing the data; but those pesky 'fake news' sites . . .

Now read this:

'In May 2016, MSNBC's Mika Brzezinski called on Debbie Wasserman Schultz to step down over the DNC's bias against the Sanders campaign.[31][32] Schultz was upset at the negative coverage of her actions in the media, and she emailed Chuck Todd that such coverage of her "must stop".'

https://en.wikipedia.org/wiki/2016_Democratic_National_Committee_email_leak#Debbie_Wasserman_Schultz.27s_emails

Notice that Schultz is focussed on controlling the discourse.

In late-night Hollywood movies, we see the flaming-torch-and-pitchfork-carrying villagers streaming towards the manor. Well, in 2017, the 'villagers' are hackers and crypto geeks; and it's this reality that makes me so confident that tens upon tens upon tens of billions of dollars will flow into cryptographic currencies.

indiamikezulu

Record market-cap this morning: 46.2.

I found myself here: http://coinmarketcap.com/currencies/bitcoin/#markets

The two top crypto-fiat pairs are 'KRW' – the Korean Won.

BTC-EUR is at ten, but then not again until 50. Adoption clearly has a long long way to go in Europe.

Had we forgotten that five major Chinese exchanges still have no withdrawals available!?

The Japanese, it seems, are now going to have a go at the no-fees-trading thang.    There are five Japanese exchanges listed in the fee-free section.

Although I'm surely missing a couple of fiat currencies, it's clear that crypto-fiat trading remains in the early early stages. There are good dollops of USD, EUR, KRW, and JPY. I had to look up 'PLN' – the Polish Zloty. There are amounts of CNY, GBP, AUD, RUR, etc.; but the potential for expansion is clearly enormous. For example, Indonesia's population is over a quarter of a billion, but the IDR doesn't show up on the chart 'til Num. 85, with less than a million bucks' worth of volume.

indiamikezulu

http://www.coindesk.com/mauritius-the-tropical-paradise-looking-to-become-a-blockchain-hub/

We discuss adoption by individuals. We discuss adoption by corporations and governments. But I think we should keep a sharp eye on adoption by regions:

obviously, I'm taking a merchant-development perspective here:

there's remittance (doing well). There's 'the unbanked' (much less press of late). But if GRS could become the crypto of choice for . . . an island nation, a region, a network of expatriate communities? We'd bust our hump to help with adoption; the users would provide steady volume, and extend adoption.

indiamikezulu

'French voters have clearly expelled the populist surge which resulted in Brexit and carried Donald Trump to the White House.'

https://www.theguardian.com/business/live/2017/may/08/french-stock-markets-rally-macron-victory-le-pen-euro-investors-business-live?page=with:block-59100e85e4b0df096d259064#block-59100e85e4b0df096d259064

Yep. It's completely gone. Overnight. Just like that.

Thank heaven.

indiamikezulu

'Known formerly only to true geeks . . . '

https://www.foreignaffairs.com/explosion-or-implosion-worlds-favorite-cryptocurrency


Been glued to the screen for almost four years now, but all I can say today is: 'Wow!!'

Firstly, we (my mob here in Australia – 'IndiaMikeZulu') are seeing family members and friends finally biting the bullet, and buying into cryptos. Whereas I might advise them to set up a basic QT, and learn the ropes, what we're seeing is that they're choosing to buy a Ledger, buy a portfolio of big-cap coins, and store them for the time being. Fair enough. I do my best to involve them in GRS, and that will be easier this year and next. (Lonely Highway Delivery Guy is still active. More on that soon.)
What is worth noting about this approach is how it provides these newcomers with a 'template': a knowledge of where to convert fiat to crypto, how to safely store crypto, how to register on exchanges, how to tentatively trade cryptos.

Secondly, on Reddit – on threads like this: https://www.reddit.com/r/CryptoCurrency/ -- there's a wonderful new energy, beginners asking how to buy, how to analyse, how to trade.

Next, there is a slowly growing acceptance of cryptos, on various CrazyPantsJournalism sites, as The Next Big Thang.
So be it. Heck, they've bought thirty thousand million bucks to the party in a month. Who is Little Markie to complain?

And if I Google, 'Bitcoin news,' I find articles on Reuters and Market Watch and Financial Review. And 'So what?' you might ask; but three years Coindesk was still treating 'alternative currencies' like the mad uncle in the family: best to just say nothing.

Lastly, I gotta learn to use Google Trends. Here we are: https://trends.google.com/trends/explore?date=today%2012-m&q=Groestl%20coin (For Australia and Zimbabwe, it says, 'Hmm, your search doesn't have enough data to show here.')


indiamikezulu

Some updates (from the ANN thread on Bitcointalk):

- We got 6007 (confirmed) e-mails on the grsgiveaway.com and counting. Over 29,000 users have visited our page. Over 2000 links within the page were clicked (almost 1000 to Bittrex) and over 2000 share buttons were used.
- We've created a Facebook Business page to start using Facebook Ads: https://facebook.com/groestlcoin/ - Over 600 real likes in 2 days already!
- Our main website is getting some redesign (not by me): http://www.groestlcoin.org/



I've started 3 ad campaigns so far, 1 for page likes, 1 for engagement/warming up the page posts and 1 to pitch GRS as a currency and investment opportunity plus the giveaway.

indiamikezulu

#101
'I make stuff functional . . . understandable . . .

There is a lack of design focus, of consumer-facing products . . . . a weird dismissive attitude[that] "There are bigger issues to deal with." '

At 1:55 here: http://www.coindesk.com/video-hashrabbits-melissa-volkmann-on-bitcoins-design-mistakes/


Please please read this

as a (retired) technical-writing tutor, I'm familiar with this difficult problem:

often people who understand a subject really well are (a) not good at explaining the subject, and (b) get upset very quickly when you tell them that.

Suppose I write Explanatory Text Number One. Suppose I then give it to English-Teacher Guy to edit. She says, 'Nah . . . I don't understand what you're trying to say!' The problem is that, as I read what I wrote, I am sort of 'adding in' my own overall understanding. I'm not reading exactly what is written. I'm 'reading' what-is-written-plus-what-I'm-adding-in-(from my own knowledge, in my head).

Are you still with me, guys? I beg your patience.

Next: 'spatial punctuation': think about how an essay or report contains a number of paragraphs. They are printed one under the other, down the page. And that's how you read them: from top to bottom. Nice and simple. Well, 'spatial punctuation' is how the layout of the items on a billboard (for example) helps you to 'read' that billboard, to guide you from one part of the 'text' to the next. It can get tricky because of what I'm writing about here: how a writer/editor/composer tends to assume that others don't need to be led by the hand to the meaning.

[Linguists use the term 'burden,' which describes how easy or not easy the author is making if for the reader (by considering or not considering the reader's perspective). So, you might see a page of icons serving as a guide; but I don't: I just see a big blob of icons on a page.

Finally, 'meta language': citizens of Planet Krypto speak a sort of 'meta-language.' (All professional groups do. One term is 'jargon.') Once again, there is 'high burden' for the newcomer. Note also that English is the underlying language of the meta-language, but many newcomers to cryptos are not native English speakers.

What's my blasted point here? What Melissa says in the video makes perfect sense to me. The 'burden' placed on potential adopters has been ignored. In the long term, we can boost GRS adoption by making 'Planet GRS' an outstandingly easy place to find and travel around.



indiamikezulu

Back from my holiday.

' . . . but the new wave of Japanese investors seem to be exhibiting a whole new level of incomprehension and misguided decision making in my opinion.'

https://cointelegraph.com/news/ripple-nears-12-bln-market-cap-surpasses-ethereum-again-for-how-long


Tee hee . . . did he say that out aloud?