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Daily Crypto Nooooooz

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

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indiamikezulu

' "Old users will definitely still trade, but the entry threshold for new users is now very high. This will definitely slow the development of cryptocurrencies in China." '

'Authorities don't have plans to stop over-the-counter transactions . . . '

https://www.bloomberg.com/news/articles/2017-09-11/china-is-said-to-ban-bitcoin-exchanges-while-allowing-otc-trades-j7fofh20

Veeeery interesting!! I have always wished that centralised crypto-exchanges hadn't become so . . . centralised. It would be a fine project to travel about China to learn about price-discovery among OTC players – that is, big players.

The future I'd like to see for GRS includes a core of active players involved in major OTC operations. Involving several crypto currencies. Travelling internationally. Consulting. Pooling the immense amounts of talent that these 'active core' players have.

indiamikezulu

http://www.euronews.com/2017/09/11/italy-s-main-opposition-parties-call-for-new-currency-to-flank-euro

Startling figures! And every weakening of the existing model will channel capital into cryptos.

This is interesting: https://cointelegraph.com/news/argentina-jumps-on-bitcoin-atm-bandwagon-with-200-expected-in-october

Argentina is ripe for crypto adoption: Argentinians suffered badly after the default of 2001. And Argentina came up some time ago when I was examining the link between hyper-inflation and national-fiat-I'm-outta-here!!

Malawi
21.4   2012 est.
  Ethiopia
23.4   2012 est.
  Argentina
41.0   2016 est.
  Sudan
31.9   2012 est.
  Syria
37.0   2012 est.
  South Sudan
79.0   May 2012 est.
  Venezuela
741.00   
https://en.wikipedia.org/wiki/List_of_countries_by_inflation_rate

The statistics speak for themselves.

indiamikezulu

https://news.bitcoin.com/koreas-exchange-coinone-launches-physical-cryptocurrency-exchange/

If there is going to be regulation, then it's time that exchanges were pressured to provide some of the basic customer service you'd expect even from a midnight hot-dog stand.

What also interests me here is how the crypto phenomenon is, slowly but in many ways, diversifying from the insane over-focus on centralised exchanges that we suffered back in 2013 and 2014.

jackielove4u

Quote from: indiamikezulu on September 03, 2017, 06:09:56 AM
Feedback for Jackie on possible new exchange/s

Please post your replies here, to make it easier for Jackie: http://groestlcoin.org/forum/index.php?PHPSESSID=ocqb5a0e1esag09nacmp317366&topic=477.msg1970#new

So, which would you prefer?
http://www.touzibi.com/
https://www.livecoin.net/
https://c-cex.com/

For me? I'm sure I decided against livecoin at some time in the past (remember Haircut Guy).
I already trade on C-Cex – had an account since I traded Unobtanium on it. Gotta check reviews and Support again; but it has a fine layout.

Livecoin coming up next. This will have our second USD pair. It will come this month.

indiamikezulu

Quote from: jackielove4u on September 14, 2017, 07:47:53 PM
Quote from: indiamikezulu on September 03, 2017, 06:09:56 AM
Feedback for Jackie on possible new exchange/s

Please post your replies here, to make it easier for Jackie: http://groestlcoin.org/forum/index.php?PHPSESSID=ocqb5a0e1esag09nacmp317366&topic=477.msg1970#new

So, which would you prefer?
http://www.touzibi.com/
https://www.livecoin.net/
https://c-cex.com/

For me? I'm sure I decided against livecoin at some time in the past (remember Haircut Guy).
I already trade on C-Cex – had an account since I traded Unobtanium on it. Gotta check reviews and Support again; but it has a fine layout.

Livecoin coming up next. This will have our second USD pair. It will come this month.

Okay! Gonna help work up volume on Livecoin!

indiamikezulu

https://cointelegraph.com/news/rumors-or-facts-china-reportedly-moves-to-block-access-to-all-major-bitcoin-exchanges

Heck, who knows? What I ask is that we all watch out for recently-released reports, and post the links on the GRS and Telegram channels.

Exciting times on Planet Krypto!!

indiamikezulu

Marketing Us

Here is the Coinmarketcap list of our exchange-pairs:


1   Bittrex GRS/BTC $205,291

2   Cryptopia GRS/BTC $578

3   LiteBit.eu GRS/EUR $537

4   Cryptopia GRS/LTC $0

5   BTC100 GRS/CNY $0

6   Cryptopia GRS/DOGE $0

7   C-CEX GRS/BTC $0

8   CoinExchange GRS/BTC $0

9   CoinExchange GRS/ETH $0

10   Yobtc GRS/CNY $0

With respect, campers, posting, 'Lambo, Lambo!' is the easy part. We have a great opportunity, right now, to boost trading-volume on our other exchanges. C-cex is a sweet little exchange to trade. (Well, I really like the dark mode.) Boosting volume on Cryptopia wouldn't be hard.

And we have another exchange incoming.

indiamikezulu

'Bitcoin was created explicitly to be outside of the legal and financial structure created by governments and banks.'

https://medium.com/airbitz/why-china-shutting-down-bitcoin-exchanges-is-great-for-bitcoin-ddb37a64da5a


'India's push to go cashless has another high-profile supporter: Google.
It launched a mobile payments app designed for the Indian market on Monday, becoming the latest big player to join an increasingly crowded field.'

http://money.cnn.com/2017/09/18/technology/google-tez-india-mobile-payments-app/index.html



I look forward to readers' comments on this. Don't want to criticize or really even influence. Just want to think out aloud:

in 2013, it was a BIG deal for a crypto to get an android wallet – major development goal! Some readers might not know that at that time communities struggled to get their crypto listed on an exchange – any exchange. Sometimes coins puddled along on p2p for weeks.

At that time, there was a sharp divide among the citizens of Planet Krypto between the libertarians and the cryptos-are-a-payment-model supporters.

Recall that there were no 2.0 cryptos at that point. No cryptos were joined at the hip with mainstream commercial undertakings (though IndiaMikeZulu was theorising every possible development, and I may fairly say that our analyses have turned out to be solidly correct).

Okay, gonna keep this short: what is now clearly developing is a mish-mash of (a) the 'original' free-standing blockchain currencies (libertarian), and (b) government 'cryptos' that aren't actually cryptos at all in the original political sense (particularly: they don't have hard caps), and (c) the involvement of immensely powerful non-government political entities like Google, who will surely soon release OurHappyCryptoLivesInOurBrowserWallet Coin, which unarguably makes 'your' crypto somehow, via Biggie Corp, an extension of the government fiat system. The word 'embedded' keeps popping into my mind – the exact opposite of 'free-standing' libertarian.

So, whatever cryptos you invest in, however you choose to develop your favourite coins, please be sharply aware of which category each one fits into.


indiamikezulu

'Mexico, this month, will unveil proposed legislation aimed at regulating its fast-growing financial technology sector, including firms that use cryptocurrencies like Bitcoin.'

https://cointelegraph.com/news/mexico-to-join-club-of-countries-with-bitcoin-regulation


ICOs will continue to attract the attention/displeasure of governments: they really do put their necks on the block. But it's interesting to clarify the 'stations' on the spectrum as you move away from the most controlled cryptos to the least controlled – and I don't just mean dark coins on dark markets. P2p and OTC, for example, can in theory be undertaken with a crypto that has no exchange-listing. Or just a listing on a decentralised exchange.

There is a tiny but clear-headed community – IndiaMikeZulu belongs to it – whose primary interest is 'pure' 2013 POW cryptographic currenicies. Our vision of How The Crypto Thang Would Go has always assum3d that Ghandi was right: first they ignore you; then they laugh at you; then they fight you; then they lose.

We are clearly now headed into the 'Then they fight you' phase, though 'co-opt' is a relevant term here. And our 2013 analysis is making more and more sense: 2.0 cryptos (most with ICOs) will become increasingly subject to oversight and regulation. 'In-Browser Coin' may never even have private keys!


'And with this, business representatives from the state have wasted little time in using the newfound language as a means to lure companies that are flirting with smart contract applications in sectors such as finance, real estate, law, public records and insurance.'

https://www.coindesk.com/arizona-smart-contract-clarity-winning-startups/

A little further across the spectrum is the point at which pure cryptos are used in mainstream commercial applications (and I look forward to GRS being used thus). This will involve 'public' addresses, and computer applications that allow merchants to track their cryptos, and accountants using this data to prepare tax returns.

And finally we arrive at the other end of the spectrum: cryptos used by libertarians in modes that are somewhat/very largely detached from ICO oversight/crypto-exchange oversight/in-browser oversight/merchant-bookkeeping oversight/tax-return-preparation oversight. And certain folks may feel a little smug about how these lean mean instruments – hard-capped and non-ICO, with libertarian-leaning communities – are now quite clearly going to weather the next ten years better than very many 2.0s.

jackielove4u

Quote from: indiamikezulu on September 18, 2017, 03:18:48 AM
Marketing Us

Here is the Coinmarketcap list of our exchange-pairs:


1   Bittrex GRS/BTC $205,291

2   Cryptopia GRS/BTC $578

3   LiteBit.eu GRS/EUR $537

4   Cryptopia GRS/LTC $0

5   BTC100 GRS/CNY $0

6   Cryptopia GRS/DOGE $0

7   C-CEX GRS/BTC $0

8   CoinExchange GRS/BTC $0

9   CoinExchange GRS/ETH $0

10   Yobtc GRS/CNY $0

With respect, campers, posting, 'Lambo, Lambo!' is the easy part. We have a great opportunity, right now, to boost trading-volume on our other exchanges. C-cex is a sweet little exchange to trade. (Well, I really like the dark mode.) Boosting volume on Cryptopia wouldn't be hard.

And we have another exchange incoming.
Livecoin is live with btc and eth pairs. Usd added soon.

indiamikezulu

Exchange Report, September, 2017

Morning, campers! Our mid-term goal is to spread trading-volume more evenly across exchanges, especially those with fiat-crypto pairs, so fair 'entry' and 'exit' prices are available – v. v. important for merchants.

I have started trading on Livecoin (Hair Cut Guy Exchange!). Have sent an hello to Support. They state an interesting policy: if you haven't enabled 2fa, they won't accept security-related tickets from you.

And there's a game on the exchange?

Here's a review: http://www.bestbitcoinexchange.net/en/livecoin-net/

Next, Doge-GRS pair got some love yesterday. I like the Doge community; but Doge's long-downhill-crazy-spike style spooks me. Whatever, it's good to see non-BTC-GRS pairs with volume. When I started with GRS, I was more confident to push the ETH-GRS pair. Now, rather less. Still, we have an ETH pair on Coinexchange, and now one on Livecoin.

And for our crypto trading in coming months, keep an eye on this: https://www.valemount.io/catalyst-calendar/

indiamikezulu

https://qz.com/1083781/jpmorgans-jamie-dimon-is-accused-of-manipulating-the-bitcoin-btc-price-in-sweden/


'The ARK Web x.0 ETF invests in disruptive companies transforming all sectors of the economy.'

http://www.prnewswire.com/news-releases/ark-invest-becomes-first-public-fund-manager-to-invest-in-bitcoin-300143030.html


Back in April, when the SEC was about to rule on the Ether ETF -- https://www.coindesk.com/sec-now-weighing-ethereum-etf-proposal/ -- I scratched about to see how many Wall-Street-sort-of thingamabobs already existed to trade cryptos, or were proposed to do so. Interesting! I found about a half a dozen instruments*, like ark. They were all minor, and the Winklevi application was denied (tee hee: and now the Chinese are waving the big stick . . . ).

But to see Blockswater telling Dimon to just shut up shows clearly just how fast and strong crypto(/blockchain) adoption is now running. Yay!


*Good term, this one: covers 'currency' and 'commodity' and 'property' and 'CGT asset' and 'tool of Satan.'

indiamikezulu


'Turmoil in South Australia's heavily wind-reliant electricity market has forced the state government to plead with the owner of a mothballed gas-fired power station to turn it back on.
The emergency measures are needed to ease punishing costs for South Australian industry as National Electricity Market (NEM) prices in the state have frequently surged above $1000 a megawatt hour this month and at one point on Tuesday hit the $14,000MWh maximum price.
Complaints from business about the extreme prices – in normal times they are below $100 – prompted the state government to ask energy company ENGIE to switch its mothballed Pelican Point gas power station back on.'
http://www.afr.com/business/energy/south-australia-intervenes-in-electricity-market-as-prices-hit-14000mwh-20160714-gq5sac

' . . . the green panhandlers . . . '
P22, The Weekend Australian, 'We've Gone from Cheapest to Most Expensive Power,' September 9-10, 2017

Hooomernz luuurrrvvv to pretend to do important stuff about important issues. Climate scientists will fly to Bali. Al Gore will wave from the balcony of Big Hotel. Barrack Obama will arrive in a limo.

In just weeks, I've seen articles on Hydrominer, POWR Token, SunContract Token, CLIMATECOIN, and WePower. So . . . are POW cryptos doomed? No.

Simple as that. If they are a better financial instrument than POS cryptos, or 'green' tokens, folks will choose them.

What would be interesting to explore is how a crypto like GRS could associate itself with mining powered by renewable electricity.

indiamikezulu

For a change, from 'outside,' a balanced and insightful article on cryptos:

https://www.economist.com/blogs/freeexchange/2017/09/not-so-novel

indiamikezulu

#239
It was strange and annoying to see hordes of shouting krypto lemmings demanding on Telegram that someone – Jackie? – make It All safe and profitable for them.

Perhaps the early days of The Altcoin Surge – late-2013 – were characterized by the presence of more libertarian crypto geeks, more disciplined characters who better understand their social responsibilities.

And we forget that cryptos were listed on many fewer exchanges; that there was much less capital sloshing about; that the number of channels for krypto-lemming activity were MANY fewer.* That is, overall, communities were rather more coherent and balanced than they are now. (Wow! Did I just say that!?)

But the recent influx of capital has significantly changed the composition of communities. The amazing number of 'Total Noob Asks Questions Rather Than Analyse' posts on Reddit is simple proof of this. Newcomers have sufficient general computer skills, but lack the discipline to do the hard yards, and insist that they be catered to.


What's my point here?

The core community members have the right to constrain 'lopsided' activity during stressful periods, of which there will be more. Perhaps newcomers to Telegram can be made to wait a week before posting more than an introduction. Heck, I'd shut Telegram for a couple of days at such times: we have Groestlcoin.org. We have Reddit Groestl.

At the very least, valuable community members like Jackie should be shielded [EDIT] that is, in the sense of having their valuable time wasted.

*Krypto Kave-Men, sitting around the flickering flames of the Bitcointalk ANN thread, listening to the howls of the pump-n-dump hyena packs roaming the darkness.


EDIT: Moderators have been added to the Slack channel. Yay!