November 7th, 2017
In my humble opinion...
you're still in early adoption, so hang on tight.
I bought my first BTC at $30 and watched it tumble to $2 in the next year. If you can't stomach a 90% drop in crypto, don't adopt early. 😀🚀
— Charlie Lee [NO2X] (@SatoshiLite) November 6, 2017
Coin of the Day
Let something – or someone– else worry about your electric bill.
(CRYPTO: GRID) Grid+ buys the energy you need automatically, and at the lowest rate possible. This is enabled through the Grid+ hardware and software stack that secures Ethereum-enabled gateways and connects Internet-of-Things (IoT) devices. The company will act as a commercial electricity retailer in deregulated markets, automate billing and settlement, and eliminates costs to the user through the Grid+ Smart Agent; a computer that covers the cost of a customer's electricity usage in real time. The Smart Agent balances your grid by controlling your smart devices, such as an electronic car charger or a smart home thermostat. Check out their whitepaper here.
Ready or not, here comes some mainstream love. And it might be from (don't freak out) the government.
Looks like crypto has been gaining some serious love from the general population as of late (definitely boosted by Bitcoin's price mania this past week). An unlikely source has been the US government, which has historically not been so kind to crypto. Blockchain firm ConsenSys hosted Blockchain@State Forum in tangent with the US State Department, in an effort to maintain positive dialogue between cryptocurrency-related startups and the American government.
Also, a blockchain security company calculated that if Bitcoin were a globally-accepted currency, it would rank 32nd in value. Wow. There are several contributing factors, such as how "narrow" each currency is and their market cap. Even though Bitcoin's price took a bit of a nose dive as a self-correcting measure last night after hitting a high of $7,590 (round of applause for that stellar performance), the price holds strongly close to the 7k mark. It seems that people are starting to think of Bitcoin as a legitimate form of payment, and we have our guesses as to which cryptocurrency is next for mainstream validation (wait and see).
Did you watch the UFC fight this past weekend? If so, you may have been unknowingly mining crypto.
A Reddit user discovered early yesterday that something was a little off. The tl;dr version is that if you streamed the UFC fight this weekend on your computer, another server was most likely using your node (computer) to mine crypto – most likely Monero. The only noticeable result would be a shorter battery life and higher electricity expenditure. Your computer probably won't die because of the remote mining, but it isn't good for your hardware in the long run. Who's to blame? It could be the UFC or whomever runs the website that was streaming the fight. There are precautions you can take to prevent remote mining on your computer, so educate yourself. Read more about it here.
The pay-per-view website is yet another domain recently caught for running Coin Hive's mining code on its users' computers. Other notable websites running this secretive Java script are Pirate Bay, which got a lot of media coverage, CBS Showtime, and Politifact. Not great PR. This news story was barely covered; must be nice to have a large corporation on your side of the crypto fight.
In a surprising turn of events, an "investing guru" said you shouldn't make rash decisions while the market is volatile. You might end up regretfully selling something.
Citibank UK is now offering Ethereum exchange traded notes (ETNs), which is proving to be a popular decision.
Shocker! Goldman predicts Bitcoin's price going up, up, up...
Coin to Watch
Altcoins are expected to snap back after the Bitcoin rally and upcoming Bitcoin fork. Take a peek at Ark (ARK), which was up a decent amount as of this morning.
— Crypto฿ull [NO2X] (@Crypto_God) November 6, 2017