Bitcoin Crazy Ride Hits Wall Street

It is a big success for bitcoin and coincides with an incredible price rally where bitcoin has accomplished in 2017. In first days of 2017, bitcoin was worth 1000$. 5 months later in May it was at 2000$, 3 months later in August it was at 4000$, and after another 3 months in November it was at …

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Storm is Brewing Over Bitcoin Future

If you read recent media reports about future of bitcoin, you wonder what is going on. For sure it is NOT clear which software or which blockchain we will be calling the “true” or “real” bitcoin in the future. Here is a selection of citations, all very recent, and all about the fork expected to …

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ICOs – The Good and the Ugly

In the recent crazy wave of ICOs we hear every day that investors should be warned and there are lots of scams or that it is unlikely that ICOs can deliver. So the question is how do you tell apart a “good ICO” from a bad one? It is a difficult question, but let us …

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Bitcoin Network Recovery – $40 Billion Of Self-Inflicted Damage

After 1 month of acute crisis the bitcoin network is finally operating more or less normally. Imagine that you went to a station in rush hour and it took you 1 month to get home due tube or rail network jamming. This is exactly what happened to bitcoin in the last 2-3 months, and which is …

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Bitcoin Network Saturation

Almost exactly 3 years after this, bitcoin network went down to less than 50% dominance, and has nearly lost its capacity to process payments normally. Bitcoin in Crisis This can be seen on the following graph for the last 12 months. The curve does not go down to zero anymore. It can no longer keep with …

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Silvio Micali – A Genius Which Will Stay in the Bottle

Silvio Micali, one of the most brilliant computer scientists on this planet has just re-invented democracy or blockchains or finance or law order and public authority and few other things, with his ALGORAND system. And some other brilliant crypto innovators are also doing the same thing: see DFINITY. Possibly this is what we really want, a …

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D-Day For Z.Cash

Today the first ever truly anonymous crypto currency ZEC went live. The full P2P client can be downloaded from here [Linux only for now]. The total number of ZEC coins will be only 21 million, like in bitcoin. Zerocash also reproduces few other unreasonable properties known from bitcoin: bizarre monetary policy with inelastic monetary supply and block halving every …

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