Etherium Proves the Best Brains are in Bitcoin

With Etherium's slow, delayed and unimpressive releases of upgrades, it's becoming clear that all the best minds are in bitcoin. Trace Mayer puts it well when talking about programmers, bitcoin is where the Isaac Newtons of today, the polymaths are practising. Bitcoin core currently has over 1000 contributors 15000 repositories and 758000 commits on GitHub. Etherium has only 11 contributors.

The Second Grand Bitcoin Boom and Peak Media Hype

The Bitcoin price is booming, but at the moment it seems like many people don't realise the impact of what is going on. The media haven't really picked up on how good this is for the many bitcoin holders. We have passed $8000 USD!

Lots of people are getting rich and escaping the constraints of the existing financial system. A new popular term "crypto wealthy" describes people who have made millions in crypto currency but continue to hold it, rather than sell for cash or waste it on sometimes pointless luxuries like lambos. Andrew Desates described how many people in these circles are deciding to do non-traditional things with their new found security, like spending time with family and deciding to work on projects for good which they believe in.

Prediction judging the top, corrections and pull backs are common but i have a feeling that this boom won't even have started to the fullest until bitcoin, the lifestyle and the mindset is flashing in our faces and across everyone's old fashion TV screens.

Bitcoin Peacecoin

Bitcoin doesn't fund war. I have not even heard of it being used for violence or cruelty in a single story. The supposed shady dark markets of early years seem distant and irrelevant especially in the context of celebrity scandals in politics and Hollywood like Harvey Weinstein storm and corporate corruption like JP Morgans new money laundering violation out of Switzerland.

Bitcoin seems more and more like a token of peace and a haven from all the toxic things in the world.

WTF is OmiseGo? and Why ICO's are Trash

I was on the crypto market cap site the other day, as you do sometimes and noticed that it can sort by token. I'm not anti token or ICO. I've even raved about it before and created my own tokens on the bitcoin network, Zaks, Authenties, Jurassic Park Shares with coloured coins. I've mentioned these in previous blogs posts let me know if you want in. Still, the top name on the list was a bit of a mystery.

I had a look. Checked out the web page, ugly even if they do have good intentions. Checked out the spec's and turns out it's just a cryptocurrency!!WTF, do people not realise that bitcoin can do all the things Omisego is setting out to do. And without the second tier of security issues. What is the point? With a market cap of 761 million is higher than ZCash. this is just silly. ZCash probably actually has more than on javascript programmer involved.

Further to this the value of these tokens, of which the best biggest at least is virtually junk, is not included in the Etherium price. This means that Etherium and note there are also some tokens from Omni, Nxt and NEO on the list, have got $7.6 billion dollars worth of tokens relying on their network. Those token don't only rely on their master network for security but should their value collapse, the master network also has a lot of funds locked up in these ICO, should they come under financial pressure, these funds can be dumped into the market, dropping the value of the master networks currency.

I don't think Etherium will die, but I think the ICO bubble will lose its shine. Bitcoin ICO's are now more attractive given the falling transaction costs with segwit, sidechains, lightning and friendly forks. This combined with delayed hard fork upgrades for Etherium mean is not looking to flash at the moment.

Ticking off Satoshi's Wish List

Listen to the Blockchain and All Will be Clear

It may sound like some hippie mantra, but I can't get enough of http://www.bitlisten.com.
The sound of commerce never rung so sweetly. It's a like all the worlds cash registers took LSD and became sentient.

Bitcoin Satelites In Orbit

4 x Bitcoin satellites can now relay transactions to your node powered by a generator, no internet and an umbrella out the window.