one of the few who still reads these?
I don't have to be PC so let me just say it how it is: Young naive writer https://twitter.com/AlyssaHertig gets handed narrative by the paper. Writes some stupid shit, gets paid by VC indirectly for protecting the portfolio (because IOTA is a threat to the entire portfolio). Slap a graphic on top of it. Done.
I agree that there is no "grand conspiracy" to damage the IF. It's regular business for coindesk at this point. https://www.coindesk.com/iota-2-7-billion-cryptocurrency-developers-love-hate/
Attacking IOTA on a scientific level ended with self inflicted academic fraud (allegedly), exposing bad actors and destroyed reputations, while educating the IOTA community about the protocol itself. If the media didn't spin the DCI/IOTA incident, it would have been an absolute PR bloodbath for DCI. The new angle is: hurt the IF by making it look like a toxic environment for developers.
That's why month old screenshots are being digged out. This is FUD with surgical precision because developers engaging with the IOTA protocol is one of the more underrated but really fucking important factors.
Thanks to the first steps in making the IF more transparent however, we now know over that 1300+ developers/creators are part of the Ecosystem. https://ecosystem.iota.org Yes, you should boycott Coindesk. No, it's not childish. You should generally avoid all bad press as it's a waste of time.
If the first newspaper you’ve read was on an iPad you might not know this: Serious newspapers label articles, in which the writer states his/her opinion on the topic he/she is reporting on, AS SUCH.
Those are often referred to as “Opinion Pieces” or a “Comment”. However... Most crypto news sites are simply a vehicle to push undisclosed native advertisement https://en.wikipedia.org/wiki/Native_advertising [Native advertising is a type of advertising, mostly online, that matches the form and function of the platform upon which it appears.]
... [a clear disclosure is deemed necessary when employing native marketing strategy in order to protect the consumer from being deceived]
... [According to Federal Trade Commission, means of disclosure include visual cues, labels, and other techniques.]
here is a good example of a native advertisement: https://www.coindesk.com/circle-adds-zcash-crypto-investment-app/
If a news outlet is NOT even labeling opinion pieces as such - it’s not worth your time. It will add more confusion than clarity. Because that’s what it’s designed to do.
Let's see if we can spot the difference between professional and fraud:
see how finder.com.au is very clear about everything? Opinion and disclosure? TNW not so much...
ok, let's never talk about this again! Let's finally move on.
We should stay healthy skeptics towards corporate adoption. Friendly reminder the IF exists mainly to push back on corporate agendas.
For all we know, some just do it for the extra likes on twitter because of a #IOTA hashtag. Rarely do corporate SM accounts enjoy this kind of attention.
If you think i'm being anti-corporate libtardish, consider this: Industry 4.0 needs IOTA more than IOTA needs them. https://twitter.com/Schuldensuehnestatus/989738856298659841
Not only to stay competitive but also to not get hacked and shut down by “insert country”. Bosch, Fujitsu and DXC are maybe the first to realize this. SO PLEASE stop begging on social media and tweeting at Elon Musk about IOTA. It’s not a good look.
that being said: Institutional money and regulation is the hot topic right now.
And most likely will be during 2018. BTC Futures showed a recent spike in Volume hinting at smart money flowing in: https://twitter.com/CryptoKinky/status/989569263383011328
(dont judge me for my resources i cant afford nice looking charts)
There are several news articles about WS traders moving to crypto and so on. Looks like things are starting to get rolling in the institutional world, as infrastructure is being set up.
Contrary to popular tinfoilery belief (aka. "The Cartel" Medium Article, that all of Bitcoin is 100% manipulated already based on future contracts)
, futures had relatively small volume compared to the global btc volume - most likely not important enough to justify manipulation of the entire market. https://bitcoinaverage.com/en/bitcoin-price/btc-to-usd
Even the SEC Chairman Jay Clayton stated that futures market is "quite small" in his public statement before the february hearing: https://www.cftc.gov/PressRoom/SpeechesTestimony/opagiancarlo37 It is important to put the new Bitcoin futures market in perspective. It is quite small with open interest at the CME of 6,695 bitcoin14 and at Cboe Futures Exchange (Cboe) of 5,569 bitcoin (as of Feb. 2, 2018). At a price of approximately $7,700 per Bitcoin,15 this represents a notional amount of about $94 million.
If you believe in a paradigm shift, this means we are still early.
Recent regulatory voices and twitter drama led to this piece by https://coincenter.org/entry/no-ether-is-not-a-security
Why is this important? Companies in the US most likely are patient about making an investment into any crypto token as there is regulatory uncertainty.
DXC TECHNOLOGY COMPANY, showcased a PoC with IOTA. At Q4 in december, DXC has stated
: 213 Million in Net cash provided by (used in) investing activities. https://www.sec.gov/Archives/edgadata/1688568/000168856818000007/dxc1231201710-q.htm
Just some food for thought:
If you are already spending opportunity cost on IOTA, why wouldn't you leverage that with the token. Bosch invested into the token as well, most likely because there is more regulatory certainty in germany. Fujitsu wants to roll out IOTA as an industry standard (as it seems). This is not your regular Shitcoin. There is a reason dumb money is called dumb.
Last time i check Verge had 10x the volume on binance compared to IOTA.
There are no fundamentals yet in evaluation, it’s purely speculative - but with more institutions moving into the space this might change. As such, CCs with industrial use could likely see a reevaluation. But, looking in from the outside, there seem to be some hurdles.
this twitter account is one of the more resourceful ones, he lets out some numbers to boost his SM traction (god bless him) https://twitter.com/joel_john95
as outsiders, this will be an extremely helpful resource. He tweeted out a quarterly report https://medium.com/outlier-ventures-io/state-of-blockchains-q1-2018-1efe284572c1
he writes: Over $1.8 billion has been invested into firms working with the blockchain ecosystem through corporate venture capital to date.
That’s not that much. Is it. For the entire ecosystem? Friendly reminder snapchat, after a 20% fall, is a 15 billion company. Just to get some perspective.
Especially if you consider the crypto market is still in the hands of leveraged daytraders on bitmex and whales, who got big stacks in a coin early on.
Imagine you want to invest 3M into IOTA as a CVC, you would’t spin up Binance and hit marketorder. You contact the IF and see if you can buy some, or outlier ventures might want to part with some, or even the founders i imagine hold quite a substantial amount.
I often see people asking for more exchanges - that's kinda missing the point. What you want at this point is more institutional interest. That's the kind of demand we want. Thats what you would call "organic growth" i guess.
Ripple holders, thinking a coinbase listening would make XRP go to $10, fail understand that Ripple itself holds a substantial amount of tokens where VCs can go and buy in bulk. And that’s why XRP is such a Shitcoin in the first place.
Cool thing about open ledgers is that you can look at them. Go figure. https://arewedecentralizedyet.com/
Ripple and XLM look extremely bad with over 90% of coins held in the top 100 addresses (shitcoins confirmed). TRX and EOS don’t even have a mainnet yet to really track it - so you can imagine the numbers are likely shit too. ADA is looking way better than IOTA in terms of wealth distribution. But 60% for whales, IF and Founders is probably better than what most projects can show for.
Thing is, the small guys got in on crypto first. Not the banks, not a selected silicon valley investor boisclub either. While this is good for us, it's a nightmare for investment banks and such.
JPMorgan admitted that in their “BTC Bible” saying: Ownership is highly concentrated. The opportunity set around direct CC trading appears relatively limited for banks
(Think about that for a second.)
CVC investing into the token could be, in my speculative opinion, the most likely catalyst for the price of IOTA, as its industrial adoption can build a synergy for entire sectors. As the main argument for Bitcoin is price uncorrelation to legacy assets, IOTA might be an interesting pick for the smart money, as it could be one of the few CCs with actual fundamental impact on different industry sectors. Something Blockchain, after 10 years, has failed to do.
Let me summarize because i was a bit all over the place. Things i will look for going forward:
- Institutional infrastructure is being built as we speak as regulations get more clear
- 2018 might see the highest investments into the blockchain ecosphere
- Financial talent from legacy market is switching to crypto
- Retail investors are the early adopters, not exclusive silicon valley boiclubs
- Liquidity is really bad, its hard to buy a lot of crypto for institutions
- The real FOMO and bubble might come with the “smart” money
- IF addressing wealth distribution and being more transparent
(i do not have a finance background as you can see and i write these to offer some interesting links and resources you might find useful in your own research.)
Coinbase Follows Square: Creates Grants Program For Bitcoin Development TeamMMG Oct 17, 2020. Coinbase didn’t get much appreciation for attempting to remove politics out of its work environment, due to how polarizing politics are nowadays. Even so, this coinbase. Coinbase Received 1,900 Requests for Client Info From Law Enforcement During First Half of 2020 TeamMMG Oct 17, 2020. Coinbase has ... Bitcoin’s proportion of total volume in July was 66%. What are your thoughts about these rankings? Tell us what you think in the comments section below. The post Crypto Volumes Surge in August: Binance Largest Spot Exchange as Huobi Leads Derivatives appeared first on Bitcoin News. JOIN OUR NEWSLETTER. I agree to have my personal information transfered to AWeber ( more information) Your time ... Bitcoin Cash, Tezos & Binance Coin – American… September 14, 2020. Bitcoin. What Is Bitcoin Backed By? September 14, 2020. Bitcoin. Female student blackmailed for Bitcoin – The GW… September 14, 2020. Bitcoin. Bitcoin and Ethereum – Weekly Technical Analysis –… September 14, 2020. Bitcoin. How Bitcoin Correlations Drive the Narrative. September 13, 2020. Bitcoin. Bitcoin. Bitcoin ... One of the products that have become particularly important to the continued growth of the crypto industry is Bitcoin. Sunday, October 4, 2020. Home; Captain’s Log. Yearn.finance (YFI) Drops 10% Despite These 2 Fundamental Trends. Buy Bitcoin and Ethereum, Asserts Industry Exec After BitMEX-Led Crash . Ripple (XRP) Breaks Key Support: Indicators Suggest Fresh Test of $0.22. Here’s Why ... China Quietly Makes It Illegal to Run a Node Without Gov’t Approval – Bitcoinist.com . On January 11, 2019 by ltcadmin. China has introduced new regulations intended to promote the ‘healthy development’ of blockchain technology. However, the new law also entitles the Cyberspace Administration of China to supervise node operators, as well as to request private information. New ... Although Bitcoin price is range-bound, a few altcoins have started a relief rally which could push them above key resistance levels. Source: Bitcoin News Source: Bitcoin News Price analysis 9/9: BTC, ETH, XRP, LINK, BCH, DOT, BNB, BSV, LTC, CRO Many cryptoassets (such as bitcoin) are traded on exchanges which do not use pound sterling, so the value of any gain or loss must be converted into pound sterling on the Self Assessment tax return. The Bitcoin Network’s development is overseen by a core group of developers, which currently includes Gavin Andresen, Pieter Wuille, Nils Schneider, Jeff Garzik, Wladimir J. van der Laan, and Gregory Maxwell (“Core Developers”). The Core Developers are able to access and can alter the Bitcoin Network source code hosted on GitHub, an online service and forum used to share and develop open ... By July 14, Binance publicized its plans for an August card launch in certain European regions, touting compatibility with four digital assets, including Bitcoin and Binance’s BNB asset. CZ’s recent tweet shows further development for Binance’s card, which has seen numerous headlines in July. Category Archives: Bitcoin . Read More. Hong Kong Crisis Heightens Stablecoins’ Use for Fleeing RMB-Denominated Assets . Jun 13, 2020. A token research team's investigation has claimed it found that the recent unprecedented movement in Hong Kong has gradually improved behavior changes regarding the use of crypto assets among Asians especially Chinese. Amun's finding suggests that USD-pegged ...
An important warning about another potential new development that could damage faith in cryptocurrency. Follow me on Steemit: http://steemit.com/@lifttheveil... Binance Referral Link: ... Litecoin - Future, Price, Development & Bitcoin Halving [Charlie Lee Interview ] - Duration: 31:02. The Crypto Lark 29,016 views. 31:02. How to Buy Cryptocurrency for ... $1,000,000 - $2,000,000 Bitcoin Price Prediction The director of business development at Kraken says he believes that the environment is ripe for Bitcoin (BTC) to begin a major long-term bull run. A brief expose on the recent developments for the world's largest crypto exchange Binance! 📱Social Me: IG: @bunlabfunlab Twitter: @bunlabfunlab Email: [email protected] #Bitcoin #BTC #BitcoinAnalysis details about the video: in this video i did some bitcoin technical analysis! I looked at the RSI relative strength index which shows a Massive hidden bearish ... 9:20 - Binance Offers $250,000 Bounty For Arrest of Hackers 13:04 - Thomson Reuters To Begin Tracking BTC Market Chatter To Help Traders 17:04 - Google Searches For ‘Bitcoin’ Slump In ... Learn about the different major crypto exchanges out there. I will be hosting a webinar this Monday on Oct 28 at 12 PM EDT. Here are the details: Bryan Downing is inviting you to a scheduled Zoom ...