Bits.ca – Bitcoin and Crypto Currency News and Resources

  • Whiteblock Medium Post -- Analysis: Syscoin’s Z-DAG
    by /u/dogehelper on May 23, 2019 at 6:49 am

    submitted by /u/dogehelper [link] [comments […]

  • Bloomberg: ETF Delay, All Other Signals Positive
    by /u/localname1 on May 23, 2019 at 6:47 am

    submitted by /u/localname1 [link] [comments […]

  • AirSwap & EQUAL Wallet Partnership !
    by /u/durrrbtc on May 23, 2019 at 5:47 am

    submitted by /u/durrrbtc [link] [comments […]

  • If crypto ever was to replace fiat, how would people be incentivised to spend it, regarding its deflationary nature?
    by /u/Bacteria_E-coli on May 23, 2019 at 4:56 am

    As we can see today, people rather hold their coins ("invest" in them), than spend them, and even though the volatility (and thus the % profits people can earn from holding those coins decrease) would substantially decrease with high amount of newcomers, I don't think thank solves the issue. Wouldn't the vanishment of a low % inflation slow down the economy by people spending less altogether? Or am I thinking about all of this wrong? I know there is a little inflation in coins that are still being mined/distributed/etc. (so the majority), but what would happen after that? submitted by /u/Bacteria_E-coli [link] [comments […]

  • SingularityNET supervisory council election and X-Lab incubator program
    by /u/_w1kke_ on May 23, 2019 at 4:49 am

    SingularityNET published two new milestones: 1. SingularityNET Supervisory Council which will have three members and be elected by AGI token holders in a direct, democratic vote as their representatives towards the SingularityNET Foundation. One vote per AGI in a wallet that did not have input or output for 24 hours at the election day. The self nomination process is still ongoing. Blog post: https://blog.singularitynet.io/singularitynet-supervisory-council-e7c513fd3ea6 2. SingularityNET X-Lab which is an incubator program where AI startups can apply and receive coaching as well as many more benefits from the SingularityNET team. Blog post: https://blog.singularitynet.io/singularitynet-x-lab-6552d823595d submitted by /u/_w1kke_ [link] [comments […]

  • As of right now Walton has two "mainnets" running.
    by /u/revanyo on May 23, 2019 at 4:23 am

    If you following Walton last year than you may remember that they released their "mainnet" on March 31st of 2018. ​ https://medium.com/@Waltonchain_EN/waltonchain-mainnet-launch-announcement-6187912ff6f6 ​ In the medium article it states that the token swap would happen once the network became secure, and until then miners would mine test coins that would be swapped for the Erc20 coins. However, that time never came. The test coins were swapped for Erc20 tokens but the swap to full Walton tokens never happened. ​ Just last month the team announced that they were releasing the "Fully Operational Mainnet," and they did so on April 24th. ​ https://medium.com/@Waltonchain_EN/announcement-on-the-release-of-the-fully-operational-waltonchain-mainnet-a07246f81dad ​ Here is where things get interesting. ​ On May 7th the team shutdown the "test net" after it reached block 550,000! Calling it a test net or WTCT network to be exact is weird because when it was released there was no mention of it being a test net or getting "shut down" just over a year later. The reason I use quotes for shut down is because the team can't actually shutdown the network because it is made up of nodes they dont control, aka decentralization. ​ Instead they deleted the explorer they had at waltonchain.net and will not redeem any coins mined after block 550,000. However, miners continue to mine on the network! This can be seen in this 3rd party explorer. ​ http://wtcexplorer.io/ ​ Keep in mind that these miners are spending money for coins that the team wont redeem and therefore are worthless. Slight tangent, I find it shady that they team only announced the swap end in a few medium articles. So, any miner that doesn't follow the teams medium woul have no idea. ​ The new mainnet is seen here. https://waltonchain.pro/pc/src/main.html ​ So this raising some big questions for the first mainnet. Mainly, what was its purpose. The first medium article showed that it would be the mainnet going forward with no mention of it getting shutdown or being a test net. Over 550,000 blocks and over 1 Million coins have been mined . Miners spent tons of money securing the chain just to have it shut down by the team. The chain is basically a high difficulty faucet coin distribution system, because all it did was distribute coins. The miners spent real money, to mine fake coins, on a chain that wont be used, and who's token have no value. ​ To me this looks like Walton's first attempt at a mainnet that turned south and had to be jettisoned, however they can't shut it down due to nature of decentralization. ​ Finally, the new mainnet has yet to have a real token swap away from erc20 and it is at block 81,000. submitted by /u/revanyo [link] [comments […]

  • Venezuelan here. NYT published this article "Nonprofits Turn to Cryptocurrency to Help Needy Venezuelans"
    by /u/WorkingLime on May 23, 2019 at 12:53 am

    submitted by /u/WorkingLime [link] [comments […]

  • Daily Discussion - May 23, 2019 (GMT+0)
    by /u/AutoModerator on May 23, 2019 at 12:11 am

    Welcome to the Daily Discussion. Please read the disclaimer, guidelines, and rules before participating. Disclaimer: Though karma rules still apply, moderation is less stringent on this thread than on the rest of the sub. Therefore, consider all information posted here with several liberal heaps of salt, and always cross check any information you may read on this thread with known sources. Any trade information posted in this open thread may be highly misleading, and could be an attempt to manipulate new readers by known "pump and dump (PnD) groups" for their own profit. BEWARE of such practices and exercise utmost caution before acting on any trade tip mentioned here. Rules: All sub rules apply in this thread. The prior exemption for karma and age requirements is no longer in effect. Discussion topics must be related to cryptocurrency. Comments will be sorted by newest first. submitted by /u/AutoModerator [link] [comments […]

  • Mark Yusko of Morgan Creek Capital: "Bitcoin is a great diversifying asset... it should be in everyone's portfolio."
    by /u/DatBoiTommy on May 22, 2019 at 10:54 pm

    submitted by /u/DatBoiTommy [link] [comments […]

  • Dharma launches USDC borrowing and lending. Anyone can now earn 8% APR interest on the dollar!
    by /u/maxbron08 on May 22, 2019 at 10:53 pm

    Hey r/CryptoCurrency ​ Max from Dharma here 👋 We just launched support for USDC, enabling anyone in the world to get leverage or earn interest on their cryptocurrency. https://www.dharma.io/ ​ For the traders out there, this is also an easy way get margin on your favorite exchanges that don't natively support it. This not investment advice (!), but you can lever up on USDC and use that to margin trade on Coinbase, Binance, and Polo. ​ So let alt season begin! ​ **Seriously though, not investment advice submitted by /u/maxbron08 [link] [comments […]