Cryptocurrency Mega Thread

[Caseynotes]

Hi ,  if you are logged in and save a drawn chart using tablet or computer then you should be able to load that on the phone but am not sure about actually drawing with the phone.

 

Useful Fibonacci Calc tool here,

https://www.earnforex.com/fibonacci-calculator/

 

 

 

[Caseynotes]

Crypto exchanges security just gets funnier, glitch allows $20 Trillion bitcoin to be bought for free, there are only $187 Billion in circulation.

 

https://www.zerohedge.com/news/2018-02-21/exchange-glitch-allows-traders-buy-20-trillion-bitcoin-free

 

 

[JamesIG]

A very interesting article passed my way and maybe interesting for other Community members. Really helps explain the actual hashing process and puts a few things into context. 

 

https://gizmodo.com/mining-bitcoin-with-pencil-and-paper-1640353309

 

Also an absurd but hilarious sign off... 

 

"A Reddit reader asked about my energy consumption. There's not much physical exertion, so assuming a resting metabolic rate of 1500kcal/day, manual hashing works out to almost 10 megajoules/hash. A typical energy consumption for mining hardware is 1000 megahashes/joule. So I'm less energy efficient by a factor of 10^16, or 10 quadrillion. The next question is the energy cost. A cheap source of food energy is donuts at $0.23 for 200 kcalories. Electricity here is $0.15/kilowatt-hour, which is cheaper by a factor of 6.7 - closer than I expected. Thus my energy cost per hash is about 67 quadrillion times that of mining hardware. It's clear I'm not going to make my fortune off manual mining, and I haven't even included the cost of all the paper and pencils I'll need."

 

[Caseynotes]

"The top 12 cryptocurrencies and what they are—and aren’t—good for"

 

https://www.technologyreview.com/s/610835/the-top-12-cryptocurrencies-and-what-they-are-and-arent-good-for/

 

 

[JamesIG]

as an FYI with immediate effect the starting margin rate on Bitcoin and Ether for professional clients has been dropped to 20%.

Margins for retail clients remain at 35%, and all other cryptocurrencies remain unaffected.

[Caseynotes]

Crypto pump and dump schemes, how they work, 'anyone is welcome'. 

https://www.financemagnates.com/cryptocurrency/news/dirty-money-look-inside-crypto-pump-dump-schemes/

[Caseynotes]

The Kodak KashMiner was posted on this thread when it was first announce but all did not work out as planned and now worse as US regulations are forcing a move to Iceland

https://www.financemagnates.com/cryptocurrency/news/sec-halts-the-kodak-kashminer-bitcoin-mining-operation/

[Caseynotes]

Is this really a thing? Cryptokitties and FOMO 3D, ponzi games plaguing the Ethereum network.

https://www.fxstreet.com/cryptocurrencies/news/ponzi-like-game-spams-ethereum-network-eth-goes-down-belwo-critical-460-201807240521?utm_source=twitter&utm_medium=post&utm_campaign=socialmedia&utm_content=generic-news

[Caseynotes]

Breaking News.......  MacDonalds launches international currency 'MacCoin'.  Details to follow.

[Caseynotes]

What!  yes, that was the reaction on twitter too. But it turned out to be just a promotion for 50 years of the big mac. It was in the 80's that the Economist started the big mac index, be interesting to review the first one and check which countries weren't on it compared to today.

[Caseynotes]

I may have to change my thoughts on crypto, If Paul Krugman thinks they're a terrible idea then perhaps I should be loading up on them after all. The problem remains which one, I still think that there will be one eventual winner and that 'the one' may not even be here yet.

https://www.fxstreet.com/cryptocurrencies/news/ethereum-price-analysis-eth-usd-eys-critical-440-as-paul-krugman-lambasts-crypto-201808010525?utm_source=twitter&utm_medium=post&utm_campaign=socialmedia&utm_content=generic-news

 

[JamesIG]

1 hour ago, Caseynotes said:

I may have to change my thoughts on crypto, If Paul Krugman thinks they're a terrible idea then perhaps I should be loading up on them after all.

a bit more info on why PK isn't a fan >> https://www.nytimes.com/2018/07/31/opinion/transaction-costs-and-tethers-why-im-a-crypto-skeptic.html

[Caseynotes]

 3 minute segment of an interview with Derek Urben CFO of Coinigy with an explanation of the problem with bitcoin and what to look for to signal a future move.  

 

[JamesIG]

interesting @Caseynotes. I actually wrote something similar to this which was posted on IG.com regarding ether and the network effect of metcalfe's  law. That looks at the network effect rather than the actual transactional network effect, but the principles are the same. 

Are these the new EPS / EBITDA's of the crypto world? 

https://www.ig.com/uk/forex-news/using-metcalfe_s-law-to-value-cryptocurrencies-180410 

[Caseynotes]

Here is the full interview just released today.

http://www.futuresradioshow.com/podcast/210/

[Caseynotes]

Interesting study on the current usage of crypto exchanges;

https://www.financemagnates.com/cryptocurrency/analysis-crypto-exchanges-are-bleeding-users/

 

 

[Guest Bluepowder]

Why can't i get a simple answer to what a Bitcoin is?   It's so frustrating - all I seem to get is a history on who invnted it, blockchain, wallets and the like - what IS a bitcoin??

[Caseynotes]

@Bluepowder,  there is plenty of stuff to be found using google like this short video. >