Monthly ArchiveMarch 2018

Roger Ver critica la censura de Bitcoin Core

Interesante vídeo de Roger Ver en el que critica la censura en los foros de Bitcoin de Bitcointalk y Reddit. Defiende la “versión”/ Fork de Bitcoin, llamada Bitcoin Cash. Menciona la controversia sobre la escalabilidad que es quizás el principal motivo de esta situación.


Faster Cheaper Bitcoin

Today, 25th of February 2018 we saw a historical low in the transaction fees. This is determined by Bitcoin´s Mempool state, the memory pool that holds all pending transactions, as Johoe’s Bitcoin Mempoolatistic image shows.
The pending transactions exceeded 20.000 in the past days and was less than 1.000 at the time this article was written. This gave way to a rapid descend in the commission fees of up to 100 times less and, therefore quicker and cheaper transactions.

This, along with the imminent adoption of Segwit by various exchanges and in the next version of Bitcoin Core, the complete Bitcoin client, will conduce to a more versatile network.
With Segwit and other wallets that incorporate it, users can enjoy this network improvement that was first introduced in August 2017 and that allows more transactions per second at a smaller fee.

Goldman Sachs bought Poloniex exchange

Goldman Sachs backed payments company Circle has acquired US crypto exchange Poloniex. Although it´s been said that Poloniex is one of the biggest exchanges its trade volume would place it below the first ten. The price was said to be over 400 million dollars. Funny enough that value exceeds the capitalization of Circle, was funded with 140 million dollars as stated on their website.
Poloniex was started in 2014, it is an exchange for cryptocurrencies (tokens and digital assets), no operations are made in fiat money. They are based in the tax-haven state of Delaware in USA.
Update: According to their website, the office is based in Boston Massachusetts.
¿Who are Goldman Sachs? An investment bank (possibly the biggest in the world) that had a hand in the biggest scandals the world has ever seen, like its participation in the 2008 crisis when it was bailed out with 10.000 million dollars. It is also highly influent in world politics.
Goldman Sachs, the bank that rules the world (El País 5-2-2017)
Just a quick search in FINRA (Financial Industry Regulatory Authority) will show the many sanctions that Goldman Sachs received.
“Lloyd Blankfein, chief executive of the US investment bank, said in 2017 about Bitcoin: “Something that moves 20% [overnight] does not feel like a currency. It is a vehicle to perpetrate fraud.”
¿Who is Circle? According to their website:
We’re more than a payment app. We’re on a mission to change the global economy.
It is funny but their mission is similar to Bitcoin´s.
However, Circle has a product, Circle Trade, which is the leading direct liquidity provider for digital assets like Bitcoin, directly trading more than $2 billion each month in crypto.
They deal with minimum orders of 250.000 dollars and they operate in BTC, ETH, ETC, ZEC, BCH, LTC, NEO y QTUM.
Circle´s investors:

Circle is possible thanks to 140 millions of dollars brought in by our investors: Goldman Sachs, IDG Capital Partners, Breyer Capital, Accel Partners, General Catalyst Partners, Baidu, CICC Alpha, EverBright, WangXiang and CreditEase.
It would appear that G. Sachs and their partners who fear venturing into the cryptocurrency world themselves have created Circle for “experimenting” purposes. G.S. has afirmed that Bitcoin is a bubble. Their website hosts a “Blockchain presentation” that showcases some valuable knowledge on the subject along with technical and concept errors.