December 4th, 2017
In my humble opinion...
get in before it's unattainable for the 99%.
We are to the point where obtaining 1 whole BTC is unachievable for most people.
— COINLORD [NMR] (@BTC4USD) December 3, 2017
Coin of the Day The quickest way to get anything on the blockchain.
Bitcoin is now the 6th biggest currency in the world – who's in and who's out?
This weekend, we saw new highs accompany the normal volatility that often is guaranteed with crypto. Not everyone has the stomach for the crazy ups and downs the crypto market provides (see: $1,000 BTC correction within one hour), although you should feel good knowing that Nobel-prize winning economist Robert J. Shiller thinks that if Bitcoin is a bubble, it will merely decrease in price rather than crashing to zero. Shiller has famously been very pro-digital currency, even going so far as to endorse them over fiat in a speech earlier this year. Simon Dixon, CEO of Bank to the Future, thinks that Bitcoin is the most undervalued asset in the world – even at $10,000. The top Reddit comment on this post pretty much says it all:
Another Bitcoin fork is coming soon, so we beg the question, at what point do they stop being important?
Super Bitcoin, Bitcoin Platinum, Bitcoin Uranium, Bitcoin Cash Plus, and Bitcoin Silver are all planning to fork on Bitcoin's blockchain, claiming to be improvements on the original technology. "ICO-Mania" has settled down, so some people think now is the time for the "Initial Fork Offering." Each fork will go down at a specific block (the particular equation that a miner solves in the ledger that is the blockchain), and after confirming that transaction, a hard fork will result. Thus, an entirely separate cryptocurrency will be produced. Here are two of the Bitcoin forks making the most noise right now:
Bitcoin Diamond (BCD): Already partnering with over two dozen exchanges that are based in Asia (people love their air dropped tokens), BCD plans on making Bitcoin's blockchain more private by encrypting transactional data. They're also increasing the block sizes (faster transactions), and making the transactions cheaper. Some people see it as a potential Monero replacement, although they're going to have 10x the number of tokens in circulation as Bitcoin has, which is a likely cause for concern.
Bitcoin Uranium (BUM): This one is a bit up in the air, as some community members think it may be a joke (the "official" site redirects to SONM – an Ethereum-based project). Their key selling point is that they have replay protection – something the Bitcoin Gold team already added to their project – and the block rewards have a half-life of 450 days, the same as real-life Uranium. So...we'll see.
Nonetheless, there's quite an exhaustive list of upcoming Bitcoin forks (see here), and most of them have little more than a web page and a post on Reddit. Our guess? Dozens of forks will continue to be produced until one is made that provides valuable improvements in our daily trades; although some would argue that Bitcoin Cash already offers these benefits.
Bitcoin surpassed General Electric's market cap by over $30 billion. And BTC didn't have to do any government backdoor deals to get here, either.
Sorry, Zuck. The Winklevoss twins are now crypto's celebrity billionaires. And mainstream media can't get enough.
Crypto may be confusing, but few people understood the internet in the 1990s. Here's a 1994 NBC segment titled, "What is the Internet, Anyway?"
Coin to Watch
IOTA (MIOTA) is on a roll right now, and we bet you're kicking yourself for not seriously looking at it over the weekend.
New add to Van Gogh Museum pic.twitter.com/QCIKanc939
— CryptOrca (@CryptOrca) December 3, 2017