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Short update since we're slumping. Daily hasn't wavered in terms of being in Bull mode, and retraces do happen. My stuff keeps me in on moves that shake out others. It isn't pleasant, but roundtripping back to near 10k isn't the end of the world. I'll update if things change materially.

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Small update, grinding higher with a purpose -- new target 12600 (Bitstamp). Again, I don't expect everything all at once, but we're certainly pushing it hard right now.

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Good breakdown on the "upgrade" that allowed in its wake a 51% attack by the two top miners to collude and choose which tx's to accept -- twitter.com/TheCryptoconomy/st
Its what we suspected all along, that is a centralized forking mess, that allows a few bad actors to enforce their rules on the participants.

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I hate linking Twitter, but this is one of the best threads I've seen about monetary bases and how Bitcoin fits into the global monetary system.
twitter.com/crypto_voices/stat
Worth the time to read.

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This article is a great writeup about how the core assumptions of are fundamentally incorrect, compared with uptake by
medium.com/coinmonks/why-ether

Some no-name exchange made a mistake and airdropped BCash instead of some shitcoin -- micky.com.au/fail-exchange-air What I want to know is, how does some rinky-dink exchange get a hold of ~23% of total BCash supply? That's insane.

Amusing thread on a guy trying to sync up a full validating node for ETH - twitter.com/ercwl/status/11599
This is why Bitcoin is constructed like it is, the requirements to even attempt a ETH sync are pretty expensive. After a week he's not even synced yet. 😂

Short update since we're slumping. Daily hasn't wavered in terms of being in Bull mode, and retraces do happen. My stuff keeps me in on moves that shake out others. It isn't pleasant, but roundtripping back to near 10k isn't the end of the world. I'll update if things change materially.

Limitations create the best art -- youtube.com/watch?v=Yd-s9htpHg Short documentary about the BBS/Warez scene and how it influenced the Demoscene and beyond.

This article is precisely how NOT to trade, especially when you sink 10K+ into a shitcoin like XRP (Ripple) -- medium.com/swlh/confessions-of
That chart is like 😂

Small update, grinding higher with a purpose -- new target 12600 (Bitstamp). Again, I don't expect everything all at once, but we're certainly pushing it hard right now.

Its been a long grind, but the Daily finally flipped back to the Bull side. I'm now adjusting my target to 11000, mindful that we're not going to get there all at once. I'll take it, its been a rather choppy market thats been tough to trade on the intraday.

This article has some rather hyperbolic claims, but its interesting to see how conduits to avoid Capital Controls always seem to find a way. Personally I doubt anyone can cash out in China without the PBOC knowing about it, so take this with a rock of salt -- coindesk.com/tether-usdt-russi

They never learn, do they. In this article, there are references to Debt Tokens, and tokens that allow the crypto-ization of CDOs. Yep, the same insanity that caused the mortgage meltdown in 2008. medium.com/hackernoon/security

Coinshares is out with their crypto report, which is downloadable from here - medium.com/coinshares/h1-2019-
Interesting when you compare different assets.

So I ran across this tool -- ndm-inf.github.io/ndm/upload Source repo - github.com/ndm-inf/ndm that allows you to upload about 3.6 MB per 1 XRP, storing the data in their blockchain. So what happens if someone decides to upload 100GB (8500USD worth of XRP) of data to their chain? How about 250GB? How about a full Terabyte?
Just pondering... 😈

This article talks about Bitcoin scarcity as an input to valuation. I like the chart that shows the halvening effect, compared to their estimation model -- medium.com/@100trillionUSD/mod

This mini-datacenter is interesting. Time indexed to when he opens it up, it runs off the casing gas that is normally vented to the atmosphere. Reclaims lost energy to run Bitcoin miners! Pretty cool -- youtube.com/watch?v=YKh1_r9YV5
Main website - upstreamdata.ca/datacenters

Adjusting the target slightly to 9k. We've had continuous grind lower, and since the Daily is in Bear mode and the shorter timeframes are too -- it makes for a rather somber trend to muddle through. Hopefully we'll turn it around, but the market doesn't care what I think 😎 I'll update when this changes.

Today's article focuses on Lightning, and how Blockstream devs are tuning improvements to a whopping 1 million node network, via simulations and testing. All so you can run regular hardware on a massively larger network. Now that's forward looking, and I love it -- medium.com/blockstream/letting

Interesting article today about comparisons of Bitcoin to other charts, and a suggestion that Gold may be more correlated lately than we thought.
medium.com/@touche/decrypting-
Enjoy!

Been watching the rebound from the weakness we've seen under 10k. We're not out of the woods yet, but the Daily internals are improving somewhat. I'll update when that changes. If you're curious on a shorter-term read, as of now on the 4Hour chart we're in Bull mode pushing local highs. This could trickle up into the Daily...

I'm a bit late to the party on this one, but it amused me -- youtube.com/watch?v=YHjYt6Jm5j
"We all have a crypto-friend who sounds like this guy. Gold back in 698BC was no different.."
Enjoy..

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Bitcoin Mastodon

A mastodon instance for Bitcoin Maximalists.
No scams, no shitcoin, no impersonation, no begging, and no illegal content.
Keep it civil and we should all survive :)