An Analysis of Chinese Influence on Bitcoin
On today’s episode of The Cryptoverse…
Here are my top 5 crypto news stories of the day, plus one chart of the day, which will be Bitcoin/USD.
Table of Contents:
00:00 - Introduction
00:35 - Tron VM Goes Live
02:48 - Recover Unregistered EOS
04:13 - Governments Will Adopt BTC
08:11 - China BTC Influence Research
12:51 - Canadian Bank Freezes $28m
14:29 - BTC/USD Chart
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Apparently The Tron Virtual Machine Just Went Live
https://www.bittorrent.com
https://www.bittorrent.com/project-atlas/
While some people don’t like the structure of EOS and it’s 21 block producers, here’s one of the big benefits of such a structure
https://eosauthority.com/blog/moving_the_last_unregistered_tokens_to_the_EOS_Mainnet
Here’s an example of why governments may be forced to adopt a cryptocurrency like Bitcoin
https://bitsonline.com/russian-official-proposes-crypto-arms/
A new research paper is out providing an analysis of Chinese influence on Bitcoin
https://arxiv.org/pdf/1810.02466.pdf
Canadian Bank Freezes $28M Belonging to Cryptocurrency Exchange
https://www.cryptoglobe.com/latest/2018/10/canadian-bank-freezes-28m-belonging-to-cryptocurrency-exchange/
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EOS is so great. Would it be fair to say that Dan Larimer is the Steve Jobs of blockchain?
EOS is one of my favorite platforms, it is on the path of becoming a top one for sure.
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@marketingmonk, It will be great if you could translate your courses to Spanish so Maduro will understand more about BTC and he will realice how bad is the Petro system...
Funny! :D
Its easy.....
"Bitcoin es Mejor que FIAT"!
Thank you very much for the information on Project Atlas. I will follow it. As for breaking some eggs to make an omelet, I totally agree. It must be done to get the result that you are looking for. Thanks
Great insights on bitcoin as a trade currency! Combining it with the other news you mentioned, it may lead to countries actually looking for ways to incentivize bitcoin mining to decentralized the Chinese miner pool influence. For example, countries with low energy cost could provide tax incentives to mine in their country. This could lead to a better distribution of the mining power. Loved the comparison to DPOS which makes sense and I had not thought of before!
OMG thanks so much for the EOS guide you mentioned and linked to in your post I've had 3 friends stuck in that position and asked me what they should do and I couldn't give them an answer and I kept checking on EOS site and I even mailed EOS with no reply.
This guide will be a life saver for them, I just sent it on now. This is why I stick to watching your show, super helpful!
You can take credit for that :)
Yeah, I'm all in favor of Russia and Venezuela using BTC. It's there, use it. Also, as shady as Tron started, I'm starting to think they aren't as bad as I initially thought. I don't know. They did launch their mainnet without issues, they have a fast network and a nice wallet, got this TVM thing going. Still feel a bit hesitant about them...but they are warming up to me.
Me too. I am biased towards EOS so it's hard for me to be objective about Tron but I managed it here.
Believe me, I prefer EOS. But TRON is moving at such a lighting speed and seem so well organized. I really wish other Coin leaders like Dan and @Ned were like Justin Sun. @Ned is barely visible, like the Bigfoot. I feel if Justin Sun were in charge of Steemit this website would look amazing. I mean, it's been long enough, why do we still have such a crappy beta looking website.
And I get it, it's a decentralized thing. If I want a better website I can make my own, but this is his baby. He should really work to improve it. Look at Medium, their website is beautiful to look at and work with. They haven't even been out as long as Steemit.
Ok, 'nuf ranting (::I feel like Kanye::).
I believe both Bitcoin and EOS Networks have their own Pros and Cons that being said the Electricity Price analogy was very good. I agree on it fully as China does have a little bit of pull if you look at it that way.
too much info...that is one I gotta watch again.. :D
Interesting news and analysis, Chris, as always. Thank you for sharing and have a lovely weekend, mate!
I never heard the term delegated proof-of-work before, fitting to the mining pool situation you describe.
Like some people say: "governments cannot ban Bitcoin, they can only ban themselves out of it".
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