4 Cryptocurrency that Twitter needs to be able to read

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Home / Technology / 4 Cryptocurrency that Twitter needs to be able to read 4 Cryptocurrency that Twitter needs to be able to read Google + Twitter is the place where the hottest cryptocurrency and Blockchain lives and dies. Here, founders shoot each other for seemingly arbitrary disagreements, and there the most extravagant experts beat…

Home / Technology / 4 Cryptocurrency that Twitter needs to be able to read 4 Cryptocurrency that Twitter needs to be able to read Google +
Twitter is the place where the hottest cryptocurrency and Blockchain lives and dies.
Here, founders shoot each other for seemingly arbitrary disagreements, and there the most extravagant experts beat the joke.
Let’s summarize some of the most important and interesting threads from Twitter of the past weekend, you know, for Knowledge . .

1 We Must Be Realistic about Painful Forking Rather than calling a “scheduled protocol update,” I would like to acknowledge the developers’ reality and call it a “risky and painful process” where everyone knocks his knots at the same time and we update you are not sure if it will be alright, but we have to do it anyway. ”
– nic carter (@nic__carter) March 10, 2019
When developers of blockchain systems perform a software upgrade, it is up to the entire ecosystem to either accept or reject this patch.
Earlier this year, Ethereum’s insiders had to postpone one of their designated forks for fear of unintentional compromise on network security.
At least what Carter is suggesting here by giving appropriate weight to the Forks of all kinds, this may be public blockchains, investors, insiders, and developers may be on the same page.

. 2 Bitcoin’s annual transaction value overtakes PayPal Bitcoin surpasses Paypal’s annual transaction value pic.twitter.com/MFH8bR8lzJ
– Dan Hedl March 9, 2019 [19659007] This is actually an older graph that is shooting around, but the data is being checked. PayPal’s payment volume last year was $ 578 billion, while Bitcoin’s transaction volume exceeded $ 2 trillion.
While this may seem bullish for Bitcoin, it is somewhat misleading.

This graphic is not exactly a great work to distinguish between transactions that are specific to trading on crypto currency exchanges (which make up the bulk of their volume) and those that are to be used as currency.
Apples versus oranges, so A tweeter added and I agree. It is true that Bitcoin’s transaction volume between exchanges is so high, but it is not representative of its use as a payment method.
Then the whole discussion on how legitimate the trading volume of the cryptocurrency is. In fact, some suggest that up to 88 percent of total trade is counterfeit. . 3 Here’s a glimpse into OTC crypto trading 1 / An instructive thread on how OTC desks work (intended as an introduction to not-too-well-known individuals.

) OTC, also known as over-the-counter trading, is an alternative to exchanges.
– Ari Paul (@AriDavidPaul) March 11, 2019
In a giant Twitter thread, Ari Paul, the cryptocurrency investment expert, trades in over-the-counter (OTC) digital assets – all to our benefit Advantage. 19659002] In the OTC trading desk, the big blockchain players tend to trade. These services are really about offering the best price for their cryptocurrency on both sides of a deal.
It goes deeper – it’s really a way for whales to unload a risk that they no longer consider acceptable. 5 / If I immediately sold the $ 30 million to stock exchanges, I would at least topple the BTC price, which would result in a very bad value due to slippage. Instead, I could sell the $ 30 million to BTC to an OTC desk with a $ 1 billion balance.

You may be ready to take that risk.
– Ari Paul (@AriDavidPaul) March 11, 2019
As the markets on public crypto currency exchanges tend to have illiquidity issues (there could not be enough buyers to do that) sell your entire stack ), getting rid of many digital assets instantly can lower the price and reduce the return on an otherwise good investment.

Did you know that some of the original OTC desks were Skype groups? A Reuters article details how rich investors, hedge funds, and Bitcoin miners “have created a market [OTC] in about five years that moves hundreds of millions of dollars of cryptocurrency daily, mostly via online news.” 4 4.

Is decentralized financing doomed to failure? Is it important? The DeFi mass is burned so hard. Collateral should not be “superfluous” and you should not “earn money with collateral”. The collateral should sit there and reduce the risk of default. https://t.co/dHjXs2a6j6[19659002-PrestonByrne(@prestonjbyrne) March 9, 2019
DeFi is the hottest new buzzword among cryptocurrency insiders. The term refers to projects that are specific to the emerging “fintech” industry – especially for loans, tokens, payments and certain types of stable coins.
The most popular deFi applications are currently those that require token holders to block their cryptocurrency with promises to generate annual passive revenue.

Recently, DeFi apps that encourage cryptocurrency fans have been asked to participate in the new proof-of-stake Ethereum ecosystem, especially in the absence of new coin deals.
In response to Byrne’s pessimism, MIT Bitcoin Club founder Dan Elitzer considered whether the potential benefits outweigh the risks associated with trying something new.
This is a thoroughly fine attitude – as long as the reality is not right these potential benefits are clearly communicated. Many DeFi applications are brand new and untested, but seem to be advertised as a sure thing – and that’s just worrying.

That’s enough for this week. Remember, information is money – so some of it is very valuable
. Did you know? Hard Fork has its own stage at TNW2019, our tech conference in Amsterdam. Check it out.

Published March 12, 2019 – 11:59 UTC.

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