Article | Marquez Comelab | 25 Oct 17 | Update: 25 Oct 17 | Full View
Aswath Damodaran, a professor of finance at the NYU's Stern School of Business, Wall Street's "Dean of Valuation," has come up with something that I think is very useful for anybody who has anything to do with Bitcoin and cryptocurrencies. I think his insight will help traders, investors, regulators, politicians and businesses.
Blog Posts | Marquez Comelab | 23 Oct 17 | Update: 24 Oct 17 | Full View
Users of Bitcoin are having to pay high transaction fees and wait for hours, even days, for their transactions to be confirmed. Bitcoin Core proposes a solution that takes away our digital signatures into another system provided as a service by Blockstream. This is a form of centralization. This Segwit/Lightning Network solution accumulates important pieces of information into one area where it could be controlled, manipulated or stolen. It also makes it easier for governments to the delight of banks and central banks, to justify unnecessary controls over our freewill to transact with whom, for what and in a manner we want.
Blog Posts | Marquez Comelab | 28 Aug 17 | Update: 28 Aug 17 | Full View
I want to know the effect of Bitcoin Cash's Emergency Difficulty Adjustment (EDA) on Bitcoin (BTC) and Bitcoin Cash (BCH). The discussions between BCH fans and BTC fans are quite polarised and there's a lot of insults going around. It is hard to get a handle of what is really going on.
Blog Posts | Marquez Comelab | 25 Aug 17 | Update: 11 Nov 17 | Full View
DISCLAIMER: None of this is financial advice specific to you. I could be wrong so you have to do your own research to find out what's best for you.
TOPIC: Bitcoin | Bitcoin Cash | Bitcoin Death Spiral
Bitcoin is around its highest valuation but there is a worrying trend. Bitcoin's Network is getting really congested. There are currently 85900 Unconfirmed Transactions. The following shows the aggregate size of transactions waiting to be confirmed.
Blog Posts | Marquez Comelab | 24 Aug 17 | Update: 24 Aug 17 | Full View
From a user's perspective, I would want cheaper transaction costs if I were to use a cryptocurrency to buy a good or a service or even maybe another cryptocurrency.
I would also want that transaction to be approved quickly.
If we compare Bitcoin (BTC) with Bitcoin Cash (BCH), here is what we see:
TRANSACTION FEES OF BITCOIN AND BITCOIN CASH COMPARED
The White House Science Division officially has zero staff members. Trump, an ignorant President, is going to inflict years and decades of hardship on America. Science is what gives nations knowledge to make the right decisions. When the right decisions are made, a nation will prosper. As a nation prospers, it becomes more powerful and influential.
Four Senators in the USA [1: names provided below] are trying to pass a bill that would allow the US government to confiscate people's Bitcoins and Cryptocurrencies. The title is Combating Money Laundering, Terrorist Financing, and Counterfeiting Act of 2017.
Blog Posts | Marquez Comelab | 27 Jun 17 | Update: 26 Jun 17 | Full View
A hoax published on two websites* that the founder of Ethereum, Vitalik Buterin, has caused holders of Ethereums to panic and sell their Ethers. Mind you, there had been a pre-existing sell-off prior to the fake news. The hoax articles claimed that Buterin died from a car accident, along with a friend.
Blog Posts | Marquez Comelab | 24 Jun 17 | Update: 24 Jun 17 | Full View
According to an article in the Futurism, "China’s central bank — the People’s Bank of China — has developed a prototype of a cryptocurrency that it could end up in circulation in the near future. It would be introduced alongside the China’s primary currency the renminbi (also called the yuan).
Blog Posts | Marquez Comelab | 20 Jun 17 | Update: 20 Jun 17 | Full View
There's a potential buy set up for XRP.
(IMPORTANT: This is not an advice for you or anybody to do anything.)
There's been an established buying range. Trendlines as well as Support and Resistance levels are set to be broken. Volume had been going up the last three days as the price slightly rose. The troughs of the prices and the MACD confirm. If people buy above R1, that might trigger more buying until R2, then if the price goes R3, people will likely want to carry it up further.
Blog Posts | Marquez Comelab | 16 Jun 17 | Update: 17 Jun 17 | Full View
Today, (Thursday, 15 June) prices for Bitcoin, Ethereum and the majority of Cryptocurrencies are nosediving. It started yesterday, actually. I tried searching for what the reason could be. So far here are potential contributors:
1. There is an announcement that some mining company is going to fork Bitcoin.
So what? They split Bitcoin, then you just choose which version you like right? It is no reason to panic now.
2. Some politicians in Europe and America want to regulate Bitcoin and Cryptocurrencies.
Blog Posts | Marquez Comelab | 27 Mar 17 | Update: 27 Mar 17 | Full View
Bitcoin is splitting between BTC and BTU. BTC is Bitcoin Core and BTU is Bitcoin Unlimited.
Why is Bitcoin splitting? Bitcoin is splitting because it is growing in use and popularity. It is considered normal that new technologies go through such growing pains. Put simply, Bitcoin is approaching a technical limit (1MB block size).This poses issues about how the system can handle more transactions. For years, the Bitcoin community had been discussing how to solve it.
Blog Posts | Marquez Comelab | 17 Dec 16 | Update: 17 Dec 16 | Full View
Like most people, I had a quiet confidence that Hillary Clinton was going to win the US election. “If Trump is lucky enough, the number of votes he will get might come close but, Hillary will pull through in the end”, I thought. Like those those in the Clinton camp who began their pre-emptive celebrations popping open champagne bottles, I was shocked to find out that Trump had won.
How can Americans vote for a man who makes up facts, blatantly lies and makes up his own statistics without caring to know whether his opinions are in fact based on anything with substance?
Blog Posts | Marquez Comelab | 11 Dec 16 | Update: 11 Dec 16 | Full View
Looking at the last few months, comparing the exchange rates between Bitcoin, the Australian dollar, the Euro and the US Dollar, as well as the news in India, Europe and China, there is tension visible on the trading charts.
Traders and investors seem to be jostling for positions and placing their bets. It seems optimistic to me. There's a heightened probability that Bitcoin is about to strongly push above its current price.
Blog Posts | Marquez Comelab | 25 Oct 16 | Update: 24 Oct 16 | Full View
Brexit has raised a few problems for people and companies in the UK, now that its people have voted to exit the EU. Estonia, a smart cookie, in this story is wanting to provide a solution for those who wish to remain part of the EU. From what I understand, you can incorporate in Estonia, without being a resident or a citizen there. It is an interesting proposition to look into. I am all for giving governments competition for their services.
Videos | Marquez Comelab | 25 Oct 16 | Update: 24 Oct 16 | Full View
In addition to what I blogged about yesterday, about the European Central Bank wanting more control over Bitcoin, Andreas Antonopoulos talks about Hard Promises and Soft Promises, about Autonomy instead of Authority.
I am definitely with him. Bitcoin's Blockchain feature of unalterable record of all transactions is not a weakness. It is a strength. Do not change it. Being able to change the details of transactions is like being able to change how history is written in textbooks.
Blog Posts | Marquez Comelab | 24 Oct 16 | Update: 24 Oct 16 | Full View
According to an article (link below) : "The European Central Bank (ECB) has proposed a directive of the European Parliament and of the Council stating that ‘virtual currencies do not qualify as currencies from a Union perspective,’ and wants digital currencies to be explicitly defined as not legal currencies or money... the use of digital currencies, such as bitcoin, pose a threat as terrorists and criminal groups are able to transfer money within digital currency networks with a certain level of anonymity."
Because of this, the ECB is discouraging the promotion of Bitcoin.