MarketQ

MarketQ

Bitcoin has been trending around the number 666 preceding the Bitfinex hack. This strong tendency towards 666 cannot be ignored as yet again we rise towards the number of the beast. Bitifinex has released its plan for repayment and socialized losses and certain things are striking. Firstly losses stand at only 36.067% when nearly all the coins were stolen which...

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MarketQ

The proposed changes to be made by Mike Hearn, that of a block size increase would hurt the operation of Chinese miners and investors as their firewall would slow mining and limit capacity . As Hearn has quit the dev team thats left is more likely to respect the wishes of the China markets and miners. As such it could be expected that this so called breakdown of...

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The Foundation gets funded via a pre-sale to deliver a 'product' by a certain time, without any guarantees. And participants willingly agree. But this 'project' also claimed that it would be transparent. Ultimately, Frontier misses its release deadline by a relatively wide margin. It becomes apparent that a bunch of people got paid well for doing trivial jobs. The...

MarketQ

A damning report about the state of Ethereums finances is circulating today after Ethers creator Vitalik Buterin revealed new information about the state of finances at the open source project. The Coindesk report can be found at www.coindesk.com The original blog post blog.ethereum.org Important points to note: 1. The projects current funding is down...

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Basically because there no limits to what you can do with Ethereum you can write a contract that leeches the resources of the network and the only way to solve this would be to limit what people can build on ethereum ( meaning its no longer able to support every program imaginable) or one could create a central entity that can remove parasitic contracts but that...

MarketQ

The amount released from the pre-sale is disturbing as you can see here ether.fund there were 60,102,216 ETH purchased in the pre-sale and of those the top 100 purchasers hold more than 40.7% of the ETH sale. ( these whales can ruin the price as we might already be seeing). In addition to this enormous sum of ICO coins there is a 12 million ETH Dev bounty,...

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KRAKEN:ETHUSD I recently had a 2 hour long chat with Paul Sztorc creator of Truthcoin at the Montreal Scaling Bitcoin0.00% event and we talked along with Adam Back about Ethers shortcomings. Since that day I have begun placing shorts on ETH, to my surprise Sztorc turned his 2 hour long speech at the Embassy into a blog post and I will cite from it here today to...

MarketQ

"Ethereum allows anyone to make a smart contract about anything. In other words, it has no ability to move intelligently along the autonomy-coordination tradeoff. The autonomy it provides will actually prevent many things from taking place." Paul Sztorc I recently had a 2 hour long chat with Paul Sztorc creator of Truthcoin at the Montreal Scaling Bitcoin0.00%...