|Click Here For Images|
Cryptos are under the spotlight the US regulator recently ruled that Ethereum is not a security but Bitfinex and Tether are still under investigation.
The Whales are not stupid and the range within which Cryptos are trading plus or minus 10 per cent is still very profitable for those in control.
The Downside is always Zero, will all go to Zero? I think it unlikely, though some have and some still will.
I had this exchange with Craig Wright the other day ( I think he is one of the People who are Satoshi collectively, A collective of at Least 2 and the actual team over the first year or so of Bitcoin was a core of at least 5 Cypher Punks.
The Upside for Crytpo/Blockchain relies on Two things Adoption ( Critical Mass) and Being better as an alternative to the existing system. ( Cleaning House)
Both Main Flavours BTC and ETH are working on functionality and easier usage and hence adoption, Generally they see the main problem as a Scalability of transactions on the networks. I am much less worried about Scaleability than Diversity, Decentralisation and fair distribution.
The scaling of Proof of Stake is attractive but is that likely to lead to centralisation? This comment on Crypto Compared the other day Nails the question.
At the moment conversion back to FIAt is essential and inescapable as if you want to buy things you need FIAT most of the time. That's the linkage that needs to be broken to break it more utility has to come into the network, If you look at the State of the Dapps many of the Dappps are trivial they are games and pretty mundane analysis and moving tokens from a to b toys.
http://www.cmegroup.com/trading/equity-index/us-index/bitcoin.html sept contract 6120-7030 approx.
Looking at the progress of Web 3 there is a lot of good stuff being done I think a speculative rise in prices right now would be counterproductive its time for the System to put up or shut up, I think it will and then the real value will grow from real adoption for real services.
this is another good one https://medium.com/@matteozago/why-the-net-giants-are-worried-about-the-web-3-0-44b2d3620da5 and here is a discussion I had on the Seeds blog. http://letthemconfectsweeterlies.blogspot.com/2018/05/blockchain-is-world-wide-super-computer.htmlhttps://media.consensys.net/th
e-state-of-the-ethereum-networ k-949332cb6895 interesting update on Ethereum truffle looks good ( This lik is broken for me might work for you, its a very good article but the site seems down at the mo.)
New one starting here.
That's my 5 penneth worth anyhow Mike.