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4 Pros And Cons Of Investing In A New Cryptocurrencies

4 Pros And Cons Of Investing In A New Cryptocurrencies

4 Pros and Cons of Investing in a New Cryptocurrencies The steep rise in the value of cryptocurrencies is, depending on your risk tolerance, a compelling lure to get in or a likely sign of a coming fall. Cryptocurrency initial coin offerings (ICOs) are gambles. They have the potential to create huge returns on your investment, but also come with great volatility and risk. Though people have been talking about the risks associated with ICOs for some time now, major financial institutions such as Goldman Sachs and JPMorgan are beginning to look at investing in the sector. Whether you have a significant amount of capital or a little bit of extra cash, cryptocurrency is an investment worth looking into. Here are a few of the pros and cons associated with a cryptocurrency ICO. Related: Why You Can't Afford to Ignore Cryptocurrencies and Blockchain Anymore Pro No. 1: Massive potential for returns. One of the statistics that makes everyone consider investing in cryptocurrency is that $1,000 invested in Bitcoin in 2013 would be worth over $400,000 today. Recent ICOs have created a number of huge returns in a short amount of time. Stratis raised $600,000 during their ICO in June 2016, and has since seen a 63,000 percent rise in the price. Spectrecoin raised $15,000 in January 2017 during their ICO, and has since risen over 13,000 percent. Related: Why Marketers Need to Pay Attention to Cryptocurrency -- Now Since cryptocurrencies are riskier investments, it is best to compare them to angle investing and venture capital investing. Datum launched their ICO in late October 2017, having already raised $1.5 million in pre-ICO funds . Since cryptocurrencies are network-based and Datum has already received a groundswell of support, investors know it is likely that they can begin cashi Continue reading >>

The Negatives Of Bitcoin

The Negatives Of Bitcoin

Paying College Tuition with Bitcoin | CryptoConsultingNovember 2017 Ikkurty Capital {30/01/2018} Bitcoin mining petahash - AristaSurExodus wallet password RaiBlocks`s Fancy Promises May Not Be Delivered - HotStockedEpazz ZenaPay Bitcoin Cannabis Mobile Apps Join the Tappx Why bitcoin?13 Jun 2017 In October 2015 we held our Irrational Economic Summit in Vancouver. The weather was awesome, and the conference went well. Part of the final session was a Q&A with Harry Dent, myself, and Dr. Lacy Hunt. At one point, an attendee asked about bitcoin. I told the audience in no uncertain terms that Gold Standard ProCon.orgAre Bitcoins the currency of the future? - United Kingdom 13 Sep 2017 Jamie Dimon claims cryptocurrency is only fit for use by drug dealers, murderers and people living in North Korea.Luxembourg Times - Home 30 Aug 2016 Can the Utility Settlement Coin and other cryptocurrencies like Bitcoin replace the dollar when the next crisis strikes? Jim Rickards has the answer3 May 2017 Bitcoin, the cryptocurrency that has gained a lot of attention in recent years, finally surpassed the price of gold for the first time early in March of 2017, rising to $1,289.09 per unit, compared to gold at $1,231.50 per ounce. Even if you haven't given the currency much consideration over the years, the growth www bitcoin calculator Kodak unveiled its own bitcoin miner at CES, will let you rent it for The powerful Bitcoin mining rigs you can buy in South Africa recover ethereum wallet password Grilled cheese meets Bitcoin: Why this food truck is embracing With the hype around Bitcoin it's easy to miss its disadvantages. Read our article and see why you should think twice before getting altcoins. Cryptocurrencies in Retail: Why Should You Accept Bitcoin BITCOIN as an alternative to regula Continue reading >>

The Best Bitcoin And Ethereum Explainers

The Best Bitcoin And Ethereum Explainers

Bitcoin, the decentralized digital currency dominated by white men , seemed on the verge of disappearing after every scandal, crash, or hack. But eight years later, its not only growing but accelerating, tripling in total value since January to over $45 billion . And its not the only cryptocurrency; competitors include Litecoin, Dogecoin, and Ethereum (a currency that supports smart contracts). Bitcoins high volatility makes it terrible by traditional currency standards, fantastic as a risky investment vehicle, and fascinating as a cultural experiment. Its a dramatic rethinking of how currency can work, and its very complicated and unfamiliar to the common person. Over the years, hundreds of news outlets have tried to explain it, which is lucky because it often takes several explanations to grasp. Here are some of the best, starting with the three most essential guides. How Bitcoin works, in five minutes : A straightforward guide that gets increasingly technical. Just hop off when the ride gets too fast. History of Bitcoin : Timeline of Bitcoins invention, growth, and major hacks. A beginners guide to Ethereum : Describes a newer blockchain with applications outside of digital currency, including automatically executed contracts, identity management, computer usage sharing, DRM, and more. Continue reading >>

Biggest Negatives Of 2017 - Ico Crowd The Disruptive Investors Magazine

Biggest Negatives Of 2017 - Ico Crowd The Disruptive Investors Magazine

ICO CROWD The Disruptive Investors Magazine 1) SCALING FAILURE The Bitcoin scaling war was resolved basically with a complete failure to scale Bitcoin at all thus resulting in sky high fees. For example the recommended fee (for likely in the next block) for a normal transaction is as of Dec 15 420 satoshis/byte. For the median transaction size of 226 bytes, this results in a fee of 94,920 satoshis. At the current Bitcoin price of $17,561 this means the median transaction costs a whopping $16.62 cents! The other day I sent someone $2 as a demonstration, now Im afraid I spent $16 dollars to do so. No wonder Steam just dropped Bitcoin as a payment system.At this point, it has become untenable to support Bitcoin as a payment option, Valve said. We may re-evaluate whether Bitcoin makes sense for us and for the Steam community at a later date.Its far cheaper, almost free, to use Litecoin or Bitcoin cash for payments now. This partly explains why Litecoin is skyrocketing at the moment. Cores incredible obstinance in refusing a blocksize increase has really handicapped Bitcoin. It is useless as a payment system now unless you are sending hundreds of dollars. Even for a hundred-dollar payment you are paying a 16% fee. You may as well use Western Union. Coinbase.com and Blockchain.info have not even adopted the Segwit code which activated way back in August and should result in significantly lower fees. Youd think they would want to help their customers in this way. But apparently not.Instead Bitcoin is simply adopting the role of digital gold.But Core should not be allowed to oppress Bitcoin like this. Why isnt there a UASF to insist that Core increase the blocksize? 2) Ethereum is still fairly insecure. Unlike Bitcoin, which has quite simple functionality, Ethereum contains it Continue reading >>

Cardano: Ethereum And Neo Killer Or Overpriced?

Cardano: Ethereum And Neo Killer Or Overpriced?

Writer, researcher, and investor in Distributed Ledger Technology CEO and Co-founder of Eden Block. EdenBlock.com Cardano: Ethereum and NEO Killer or Overpriced? As the first blockchain with peer reviewed tech, Cardano is an ambitious platform. Can it stack up to NEO and Ethereum? Cardano has been on the tip of everyones tongue since its enormous run up earlier this month. Even in the volatile world of cryptocurrency, Cardanos 2000% increase over three weeks was extraordinary, and the community took notice. It now sits as the 6th largest cryptocurrency market cap at over $10 billion. Yet, before Cardano and its then $700 million market cap suddenly appeared on coinmarketcap.com, most had never heard of the project before. Its sudden appearance and enormous subsequent increase have left the blockchain community scratching their heads and scouring for information. So like with any new kid on the block, we want to understand what Cardano is, what separates it from other blockchain platforms, and whether it can play centerfield for our neighborhood team This article examines Cardano both as a standalone platform, as well as in comparison to Ethereum and NEO. For an analysis of NEO versus Ethereum, you should read this . I understand that EOS and other third generation platforms are also relevant; I will research and write about those later on. Since I have already extensively covered NEO, I will dedicate this article primarily to providing an in-depth analysis of Cardano. I will also compare each unique component to those of NEO and Ethereum. I will quote directly from my past article on some aspects. Lets begin Cardano is the, no-crust on his sandwich, kid at school who uses words like peer-reviewed and reads academic journals. He occasionally gets shoved into his locker Continue reading >>

Problems Ethereum/wiki Wiki Github

Problems Ethereum/wiki Wiki Github

Anti-spam and anti-sybil attack algorithms Incentivized marketplaces for computational resources Decentralized systems for social welfare / mutual aid / basic income Decentralized governance (for both for-profit and non-profit entities) The increasing prominence of cryptoeconomics in the last five years is to a large extent the result of the growth of cryptocurrencies and digital tokens, and brings a new, and interesting, dimension to cryptography. While before cryptography was, by and large, a purely computational and information-theoretic science, with strong guarantees built on security assumptions that are close to absolute, once money enters the picture the perfect world of mathematics must interact with a much more messy reality of human social structures, economic incentives, partial guarantees and known vulnerabilities that can only be mitigated, and not outright removed. While a cryptographer is used to assumptions of the form "this algorithm is guaranteed to be unbreakable provided that these underlying math problems remain hard", the world of cryptoeconomics must contend with fuzzy empirical factors such as the difficulty of collusion attacks, the relative quantity of altruistic, profit-seeking and anti-altruistic parties, the level of concentration of different kinds of resources, and in some cases even sociocultural circumstances. In traditional applied cryptography, security assumptions tend to look something like this: No one can do more than 279 computational steps Taking nth roots modulo composites is hard The elliptic curve discrete logarithm problem cannot be solved faster than in 2n/2 time In cryptoeconomics, on the other hand, the basic security assumptions that we depend on are, alongside the cryptographic assumptions, roughly the following: No se Continue reading >>

Pros/cons Of The Top 10 Cryptocurrencies In Market Cap Everyone Need To Know(1)

Pros/cons Of The Top 10 Cryptocurrencies In Market Cap Everyone Need To Know(1)

Pros/cons of the top 10 cryptocurrencies in market cap everyone need to know(1) This is an article for potential investors and people interested in the hottest ethereum/blockchain project recently. This can also serve as reminding notes to organize information as there are so many altcoin s now and people are easily confused with. Current market cap rankings and information can be found here . Note that this is my personal view and observations and should not be considered as financial advice. Bitcoin(BTC): The first successful cryptocurrency, Owning around 46% of the crypto market. The most accepted and easy to trade crypto in the current market, with sufficient resources online for everyone to learn more about. Has a large community and unlikely to disappear suddenly or found as spam which have happened to other altcoins. High transaction fee and scaling problem: As average block ming time is 10 minutes and blocks in bitcoin are limited to 1MB in size, which allows only 3 transactions per second, number of transactions to be mined raises incredibly. Transaction fee thus increases while miners are prioritizing transactions with a higher fee. See the following transaction fee chart: Consensus problem: Reaching agreement is also not easy in bitcoin due to its large community. There are always different supporters. A good example is the recent solution for scaling problem, SegWit and bitcoin cash(covered later in this article). Some even joke that bitcoin is the Nokia in the world of cryptocurrencies. 2. Ethereum(Ether, ETH): Ethereum is a decentralized platform that runs smart contracts written in Turing complete programming languages such as Solidity. Ether was created as a cost for programs to run in Ethereum. Ethers will always be needed to execute code on Ethereum, Continue reading >>

Top 4 Reasons Why Ethereum May Ultimately Fail

Top 4 Reasons Why Ethereum May Ultimately Fail

Top 4 Reasons Why Ethereum May Ultimately Fail Top 4 Reasons Why Ethereum May Ultimately Fail JP Buntinx July 21, 2017 Featured , Viral Even though weve highlighted some of the criticisms directed toward Ethereum before, theyare not the only issues thenetwork has to address. It is disappointing to see such a prominent ecosystem hindered by technical issues, ideological decisions which can easily backfire, and other factors which may eventually spell disaster for Ethereum. Below are some of the downsides of which Ethereum users and investors alike should be aware. Even though virtually every company or project looking to raise money wishesto conduct an Ethereum-based ICO, these crowdsales can have negative repercussions. Alot of these projects will eventually liquidate the amount of ETH raised and dump it all on the market. Not only will this affect the Ether price negatively, but it also shows Ethereum is merely a facilitator to raise funds, rather than technology in which these companies believe. It is only a matter of time until the influx of cryptocurrency ICOs backfires on the Ethereum ecosystem. There is no guarantee that anyof these projects have legitimate intentions, and any bad PR will automatically taint Ethereums reputation further. While it is true that Ether allows people from all over the world to invest in ICOs, there is never a guarantee for success. Even though many companies have joined the Ethereum Enterprise Alliance , they are not necessarily aware of the issues this network has. We have seen two major exploits discovered and used, both of which resulted in massive amounts of funds being stolen. The first exploit wasthe DAO smart contract bug, andthe second exploit showed how Ethereum has no secure multisignature wallet solution currently. Immature Continue reading >>

Ethereum V Bitcoin: The Pros And Cons Of These Two Cryptorivals | Cryptocoin.news

Ethereum V Bitcoin: The Pros And Cons Of These Two Cryptorivals | Cryptocoin.news

Ethereum V Bitcoin: The Pros And Cons Of These Two Cryptorivals By Fernando Sanchez, title image from Pixabay here . The crypto race is on between Bitcoin and its current main rival Ethereum. These blockchain riders trek across a global network, seeking to outrun each other, and become de facto standards in an increasingly challenging environment. But despite some superficial similarities, their paths are quite divergent underneath. While Bitcoin is merely developed to enable peer-to-peer financial transactions, Ethereums array of application-building opportunities easily outdoes its rival. Thus, some questions arise: Is it wise to choose one over another? Or should the industry have to choose at all? Will Bitcoin v Ethereum become the crypto equivalent of the perennial Coke v Pepsi dilemma? Or perhaps these two entities can adapt into a long-standing, uneasy truce, and share the spoils of a global market, until natural selection makes a choice. Whats their respective value proposition? Lets find out the answers to these questions. Bitcoin v Ethereum: The good, the bad, and the smart Bitcoin rose up from the ashes of the scorched financial earth left behind by the 2008 crash. Traditional money went up in smoke, wiping the value and riches of many individuals and organisations overnight. Money burned because it was real, and tangible. So digital currency was born, the next stage in financial evolution. Conceived as a hybrid of technology, digital asset, and money, cryptocurrency uttered its first cry and took a few tentative steps in a chaotic world before rising to prominence. In a way, Bitcoin was the father of cryptocurrency, and though it has aged since, it has done so handsomely. When Bitcoin needed a medium to thrive in, the blockchain was created. The blockchain Continue reading >>

Stay Away From Bitcoin And Ethereum They Are Complete Garbage - Marketwatch

Stay Away From Bitcoin And Ethereum They Are Complete Garbage - Marketwatch

If youve ever wondered what cryptocurrencies such as bitcoin, litecoin and ethereum are for, ask one of their legion of techie-libertarian fans. And its dollars to dogecoins (yet another one) that the conversation will go something like this: You: So whats the purpose of bitcoin BTCUSD, -2.26% ? Fan: The technology is absolutely amazing! Fan: Really, the blockchain technology is a total masterpiece, way ahead of its time! You: Yes, yes, I understand that. But what is it actually for? Fan: You dont understand! Its a completely decentralized money system! Totally revolutionary! You: Honestly, does it have a purpose? Any purpose at all? Cryptocurrencies, or cybercurrencies, which were in a massive financial mania until their sudden selloff that started last month , have two actual applications: online gambling and money laundering. Neither is the heart of a major business model. But thats it. And these, preposterously, are the fundamentals behind a mania that has driven these currencies up thirtyfold, so that today, in aggregate, the market for them is a staggering $82 billion. None of the defenders other arguments stack up. Online currencies are hardly a store of value when they can fall, say, about 30% in a week. Are they really protections against the ravages of inflation and monetary debasement imposed by wicked governments? If so, how come people who keep their money in bitcoin and ethereum and the like have experienced Weimar Republic levels of consumer-price inflation in the past month? That is, after all, what it means when the price of your currency plunges. Ethereum isnt just down 50% against the dollar since mid-June. Its down 50% against the potato, the sack of rice, the gallon of gasoline and the new car. Read: Ethereum has lost $17.5 billion in market value Continue reading >>

Transactions - What Are The Pros And Cons Of Ethereum Balances Vs. Utxos? - Ethereum Stack Exchange

Transactions - What Are The Pros And Cons Of Ethereum Balances Vs. Utxos? - Ethereum Stack Exchange

What are the pros and cons of Ethereum balances vs. UTXOs? Ethereum has a simpler model by not having UTXOs (Unspent Transaction Outputs) like Bitcoin.What does Ethereum "give up" by not having UTXOs, and what does it gain? The answer to this important questions are, sadly, totally slanted towards Ethereum, straight cup & paste coming from the Ethereum documentation. For example with UTXOs there's no need to come up with nonce and whatnots to fix transaction ordering issues: the recent Ledger Nano S SNAFU where many tx were broadcast several times or ppl eventually sending ETH many times instead of once to crowdfund ICOs during blockchain congestion cannot be nearly as bad when UTXOs are used. There are also 0-conf systems that are used with UTXOs that simply aren't as secure with Ethereum (you must wait blocks) Cedric Martin Feb 2 at 18:30 Basically the accepted answer here is of very poor quality and totally lacks objectivity. It's the Ethereum documentation which present the only advantage as "potential scalability paradigms" (notice the "potential"). Re the privacy we all know now that it's incorrect: there are companies whose sole purpose is de-anonymizing UTXOs / the Bitcoin blockchains. I'm sorry but there's much more to UTXOs than "potential scalability paradigms". I gave two examples. There are more (I'm not an expert on the matter but now enough to see that the answers here are totally biased). Cedric Martin Feb 2 at 18:33 +1 and favorite to the question asked. -1 to all the answers (so far). Cedric Martin Feb 2 at 18:33 @CedricMartin I've unaccepted the Jan 22 answer because we do want as much factual and unslanted answers as possible. If you find an expert who can answer, please encourage them. If this question is too broad for an expert, they may post thei Continue reading >>

What Advantages And Disadvantages Does Ethereum Have Over Bitcoin?

What Advantages And Disadvantages Does Ethereum Have Over Bitcoin?

What advantages and disadvantages does Ethereum have over Bitcoin? What advantages and disadvantages does Ethereum have over Bitcoin? What can you do with Ethereum that you simply cannot with Bitcoin? What price do you pay for these additional functionalities? I'll answer the middle question from the White Paper . Bitcoin can allow simple scripting and a weak version of smart contracts. The scripting that you can do has these limitations (quoting from the white paper, where UTXO means "unspent transaction outputs") Lack of Turing-completeness - that is to say, while there is a large subset of computation that the Bitcoin scripting language supports, it does not nearly support everything. The main category that is missing is loops. This is done to avoid infinite loops during transaction verification; theoretically it is a surmountable obstacle for script programmers, since any loop can be simulated by simply repeating the underlying code many times with an if statement, but it does lead to scripts that are very space-inefficient. For example, implementing an alternative elliptic curve signature algorithm would likely require 256 repeated multiplication rounds all individually included in the code. Value-blindness - there is no way for a UTXO script to provide fine-grained control over the amount that can be withdrawn. For example, one powerful use case of an oracle contract would be a hedging contract, where A and B put in $1000 worth of BTC and after 30 days the script sends $1000 worth of BTC to A and the rest to B. This would require an oracle to determine the value of 1 BTC in USD, but even then it is a massive improvement in terms of trust and infrastructure requirement over the fully centralized solutions that are available now. However, because UTXO are all-or-no Continue reading >>

What Does Proof Of Stake Mean For Ethereum?

What Does Proof Of Stake Mean For Ethereum?

What does Proof of Stake mean for Ethereum? One major issue with Ethereum mining is the high consumption of power. Processing transactions costs an ever-increasing amount of electricity which is not only bad from a financial perspective but also bad for the environment. The main concept used in cryptocurrency mining is proof of work (PoW) which means miners get rewarded when they solve puzzles to validate transactions and create new blocks. Though it works and is used by the majority of cryptocurrencies, there is a need for a lot of computing power for new transactions to be verified. According to an approximation done by Vitalik Buterin who is the founder of Ethereum, it uses electricity costing up to $1M daily in order to process daily transactions. Since mining is becoming less financially feasible over time the founder proposed switching to a different concept as an alternative to proof of work called proof of stake. As opposed to proof of work where miners have to solve complicated algorithms to validate a transaction, in proof of stake miners are those that are willing to stake part of their cryptocurrency on the blocks they think should be added to the blockchain. Proof of stake depends on validators economic stake in the network. In a PoS based blockchain, miners who are the validators have their own turn in voting and proposing the next block. The weight of the vote of the validator will depend on their stake in the network which is basically the deposit of cryptocurrency they have. The blockchain will keep a record of validators and those who hold the blockchains base cryptocurrency. If one holds the blockchains base cryptocurrency they can easily become a miner or a validator as all they need to do is to give up their ether into a locked deposit through a sp Continue reading >>

Head To Head: Neo Vs Ethereum

Head To Head: Neo Vs Ethereum

Felix Kster December 16, 2017 2156 no comments In the article about NEO cryptocurrency we shared with you how the price of NEO surged in a crazy rally and in a short span of time (a NEO coin was trading at $1.91 on June 14, 2017, but by August 16, 2017 a price that shot up to $47.58 and over $100 in 2018). While many are calling NEO the Chinese Ethereum, in reality this is only partially accurate. The two blockchains do have similarities, but also several fundamental differences. However, it is important to first understand the similarities between NEO and Ethereum before outlining the key differences between them. NEO vs. Ethereum: What are the Similarities? Both NEO and Ethereum are blockchainprojects specifically designed tohost Dapps , ICOs , and smart contracts in a decentralizedmanner. Both projects are turing complete, open-source, and backed by a big community backing with great and responsive teams. Their respective blockchains are fueled by crypto-assets (Ether in Ethereum and GAS in NEO). In my opinion, these are the only key similarities between these two cryptocurrencies. NEO vs. Ethereum: What are the Differences? Today, there are many altcoins created in the crypto world. However, you will hardly find an Ethereum competitor and/or an alternative. I strongly believe that NEO might be a competitor and an alternative to Ethereum, because they both offer a decentralized solution to their users, allowing them to share anything of value (property deeds, money, confidential data,etc.) privately and securely, without the interference or surveillance of a third party like aprivate business, government institution, and bank. However, the NEO comes with better features its faster, more user-friendly and more secure than Ethereum. Here are the main differences betwe Continue reading >>

Advantages And Disadvantages Of Cryptocurrency

Advantages And Disadvantages Of Cryptocurrency

Advantages And Disadvantages Of Cryptocurrency Before talking about the advantages and disadvantages of cryptocurrency, it is essential to know what it really is. Cryptocurrency is a digital currency that can use as a standard currency where ever that accepts it. However it is not under the regulation of the governments or issued by the central banks. Cryptocurrency does not enjoy the same kind of stability when comparing to regular physical currencies but nowadays many people are using it for different purposes like shopping online or money transactions. Bitcoin is the first cryptocurrency to come out and because of this, it has become the de-facto crypto which is just another benefit of Bitcoin. In reality, it is a form of digital currency that uses encrypted cryptographic technology and runs on blockchain technology. Today there are various functioning websites which allow you to convert cryptocurrency to real money and transfer it directly to your bank account or vice versa. It doesnt have a physical tangible form which is why its called digital. Unlike all other forms of currencys, its intangible so you cant touch it, smell it, or put it in a safe (kind of). This makes it hard for the older generations to take it seriously but it is being used to purchase, sell and transfer billions of dollars every single day. Many people often claim we already have different forms of currency so what are Bitcoins used for or what do people use Bitcoins for? Knowing it is a decentralized currency that no government or bank can control is a very big reason why many people are starting to use it. There are over 1200 altcoins with a lot of them being considered shitcoins, or in other words, useless. A lot of them have very good use-cases like privacy coins which helps mask your iden Continue reading >>

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