Steem STEEM

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Steem News

Steemit Social Network Bans Users Amid Censorship Resistance

TL; DR Steemit bans user account ‘thedarklord’ for attempting to leak documents exposing ‘truths’ about 9/11 The decision to censor account is faced with a backlash from users who claim Steemit went against their core value proposition to be censorship resistant and promote free speech Steemit blockchain utilizes a proof of stake consensus protocol, which naturally makes it prone to centralized decision making As we’ve discussed in the past, one of the most advertised benefits of the blockchain is its ability to prevent government censorship or any censorship from centralized organizations. To that end, many saw Steemit as the solution to the growing abuse of power by platforms like Facebook Google and Twitter, who time and time again have bowed down to the will of advertisers by censoring any user who shared even mildly controversial content. Steemit, a decentralized social network promoted itself as being the censorship-resistant alternative to Facebook. According to recent reports, it appears that the platform has failed to uphold this core value proposition. 9/11 conspiracies violate Steemit’s ‘terms of service’ ‘Thedarkoverlord’ is an account that belongs to a hacker group that has been trying to publish leaked documents that they claim expose hidden ‘truths’ about 9/11. The group had previously tried to publish the documents on centralized platforms like Pastebin, Reddit, and Twitter. Predictably, those platforms all banned their accounts (apparently due to pressure from Government agencies). Seeing as how they would never get their content published on centralized social media sites, the group thought that they would try their luck on a decentralized platform like Steemit. To their surprise, Steemit also banned them on January 7th due to a TOS violation. The ban action itself wad made by Steemit developer RedBeard and can be seen on Steemit GitHub account. RedBeard added thedarkoverlord username into a list that is located on a file called GDPRUserList. Source: Github print screen Whether or not you agree with the methods by which this group attained and has threatened to expose this information, the fact remains that according to Steemit’s original promise to uphold censorship resistance, thedarkoverlord account should be entirely free to publish their findings without being banned. User ban contradicts Steemit’s promises in the original white paper To clarify, thedarkoverlord was only banned from the front-end interface to the Steemit Blockchain, meaning that although his content can no longer be viewed on the Steemit website, it can be seen on other front end interfaces connected to the Steem blockchain, like Busy.org. This in no way excuses the fact that Steemit has blatantly gone against the promises made in their original white paper: “Steem is a decentralized network that is operated by witnesses in jurisdictions around the world. All user actions are publicly recorded on the blockchain, and can be publicly verified. This means that there is no single entity that can censor content that is valued by STEEM holders.” As one would expect, Steemit users were angered by the censorship and expressed their grievances on Reddit and on the Github commit page as well. How was censorship possible on a ‘decentralized’ social media platform? Although Steem claims to be a decentralized platform, the reality is that their consensus protocol is much more prone to centralization than truly decentralized Blockchains like Bitcoin. Steemit’s use of the proof of stake consensus protocol exposes them to situations where specific stakeholders can make decisions without full consensus from the community. This is a flaw that other proof of stake Blockchains like Ethereum are also exposed to. We are not sure if the decision to ban thedarklord was made by a Steemit user (or group of users) who staked a disproportionate amount of Steem tokens compared to other delegates. However, the rules of proof of stake most certainly allow for such a scenario to occur, which compromises the entire value proposition of Steem as a censorship resistance social media platform. Ultimately, Steemit may have to make some drastic changes to their protocol and terms of service to regain users trust. As the market sentiment around cryptocurrencies remains bearish, Altcoins like Steemit don’t need any more reasons for their remaining holders to dump them. The post Steemit Social Network Bans Users Amid Censorship Resistance appeared first on CryptoPotato.

3 days ago

Immutability Questioned After Steemit Blog Bans 9/11 Blackmailer’s Account

The blockchain-powered blogging platform Steemit is being accused of centralization and censorship. On Jan. 7, 2019, the hacker group The Dark Overlord had its account banned from Steemit by a developer known as ‘Jredbeard’ for violating the company’s terms of service agreement. Also Read: Developer Releases Cash-DB, a Terab Project Fork for the BCH Network Steemit Bans 9/11 Whistleblower Account On Dec. 21, 2018, a hacker group known as the Dark Overlords threatened to dump classified insurance files that are allegedly related to the 9/11 attacks on the World Trade Center buildings. The hackers told the public that the files were taken from major global insurers like Lloyds of London and Hiscox Group. The Dark Overlord’s announcement also included a demand for $2 million in bitcoins for a 10GB archive of files, according to the Pastebin post, which has since been scrubbed from the Internet. According to the publication Motherboard and a spokesperson for the law firm Hiscox Group, the files were stolen and likely did pertain to the 9/11 attacks. Since the group distributed this information across the web and made international headlines, The Dark Overlord’s social media accounts were targeted and the hacker group was deplatformed from sites like Reddit and Twitter. After the wide range of censorship, on Jan. 2 The Dark Overlord explained in another Pastebin announcement that they would be dumping the data on the Steem blockchain. The Dark Overlord’s message on Pastebin explains the group planned on using the Steem blockchain before the account was banned on Jan. 7. However, it seems publishing classified 9/11 data is not looked upon favorably by those who run Steemit. On Jan. 7, 2019, the Steemit Github repository shows the developer known as ‘Jredbeard’ appended the account ‘thedarkoverlord’ to the protocol’s ‘GDPRUserList.js’ section. Essentially this means the account was banned from using the website for violating Steemit’s terms of service (ToS) agreement. The action has also infuriated some members of the Steemit community as posts about the subject can be seen on the project’s Reddit page r/steemit. One particular post exclaimed: Steemit has censored the account of the Dark Overlords!! What was the point, Steemit? Cryptocurrency enthusiasts upset over the account ban on the Steemit website. Uncensorable Blockchain Platforms Exist Memo.cash is an uncensorable platform like Twitter. Interestingly enough, some Steemit proponents defended the action and explained how The Dark Overlord account was only banned from the official Steemit website, noting that the group’s posts could still be seen on alternative sites like Busy.org. Moreover, other cryptocurrency community members discussed other blockchain services that would help The Dark Overlord dump the data in a truly immutable fashion. The hacker group could hypothetically utilize platforms like Memo.cash and Bitcoinfiles.com to communicate to the public and dump classified files without the risk of takedown. For instance, Memo acts like Twitter but every action is recorded into the Bitcoin Cash (BCH) blockchain. The posts cannot be taken down after they are etched into the BCH chain and one individual even started recording every verse in the King James Bible into the blockchain. Another example of a tool that could help whistleblowers is the Bitcoinfiles protocol developed by the BCH programmers James Cramer, Attila Aros, and Hapticpilot. Users can upload and download files from the platform Bitcoinfiles which tethers uploads to the BCH chain and IPFS. Bitcoinfiles is a file-sharing platform that allows anyone to upload any type of media file to both the Inter-Planetary File System (IPFS) protocol and the Bitcoin Cash blockchain. Once the files are recorded into the chain they can be shared widely and found easily using a blockchain explorer or queried on the Bitdb network. There is no developer or arbitrary individual who can delete the files once they are appended to the network and IPFS files tied to the BCH chain can be shared with anyone in the world using a simple URI. Over the last year, deplatforming and censorship have continued to increase, but cryptocurrency and blockchain advocates believe it should not happen on their turf. It is obvious that centralized entities on the web will persist and suppress dissident voices and whistleblowers. As a result, blockchain applications that fight against this behavior will be welcomed with open arms by those who cherish the ability to speak freely. What do you think about the hacker group The Dark Overlord being removed from the Steemit website? What media sharing platforms would you recommend that record immutable data onchain? Let us know what you think about this subject in the comments section below. Images via Shutterstock, Memo.cash, Bitcoinfiles.com, and Steemit. At Bitcoin.com there’s a bunch of free helpful services. For instance, have you seen our Tools page? You can even

4 days ago

Dark Overlord Group: Keep the Bitcoin flowing, We’ll Keep the Truth Flowing

The Dark Overlord hacker group who last week grabbed headlines when it announced it was prepared to share 9/11 secrets in exchange for Bitcoin has released a second cache of information. The self-proclaimed “financially motivated” cyber criminals have also stated that they will continue to release more “layers” of information as they receive money from the public. Following the leak of the first group of documents from Dark Overlord, social media accounts associated with the hackers were shut down. Surprisingly, given the cryptocurrency community’s penchant for censorship resistance, one of these was blockchain-based social media application Steemit. Bitcoin Donations: “Cyber Cash for Cyber Cache” Last week, the Dark Overlord hacker group demanded a ransom of an unspecified amount to stop the release of documents relating to the September 11 terrorist attack in New York City in 2001. However, after failing to receive said ransom, the group requested Bitcoin donations from the public. It said it would release the documents gradually as certain financial milestones were reached. It released layer one over the weekend after it was paid $12,000 in the cryptocurrency. Although the second funding target has yet to be reached, the group released “layer 2” of the cache today. So far, the documents have not contained any particularly damning evidence. They are largely composed of insurance correspondence about who the affected parties could claim damages from. There is some discussion of whether then-President George W. Bush could have known about the attacks before they happened and the potential involvement of the Saudi Royal family. However, sections referencing such details are speculative and provide nothing in the way of evidence. In an effort to silence the Dark Overlord group, several social media sites have banned accounts linked to the hackers. These include Reddit, Pastebin, Twitter, and Steemit. DarkOverlord's account on @steemit has also been deleted. So much for centralization. However his posts have been recorded on the #steem blockchain, and those posts are accessible via other apps running on the Steem blockchain like @PartikoTeam - just download their app pic.twitter.com/zQQTgFCkfN — wethepeople (@armyofpeople) January 8, 2019 Blockchain-based Steemit came under particularly intense fire for terminating their services to the group: 9/11 Papers Hacker Banned from Steemit. https://t.co/eTVnQzewca This is terrible. Exactly what blockchain is supposed to prevent. I don't want anyone... ANYONE, to tell me what I may or may not view. Shame on you @steemit This is a huge mistake! — Bitcoin Dood (@BitcoinDood) January 8, 2019 Although members of the cryptocurrency community took issue with the company’s decision to ban Dark Overlord, the files themselves are still available to view via other sites interacting with the Steem blockchain, such as Busy.org. The group continues to use Busy.org to post to the Steem blockchain. In today’s message it promised to deliver additional secrets when it receives more Bitcoin. The next layer of the three more apparently coming was teased at the bottom of the public disclosure. Dark Overlord claims to have an additional 8,279 files relating to the terrorist atrocity at the turn of the century. The figure in Bitcoin for the disclosure of the third instalment was not mentioned, but the ultimate stated goal of Dark Overlord is to raise $2 million for all parts of its “megaleak”, referred to by the group as “the 9/11 Papers.” This is not the first time Dark Overlord has demanded a payment in Bitcoin to stop the release of data. In 2017, NewsBTC reported on the story of the demanding payment of 50 Bitcoin (then around £60,000) to not leak ten episodes of the popular Netflix original show Orange is the New Black. After the demand was not met, the group release the stolen media online. Related Reading: Ryuk Ransomware Targets Businesses with Bitcoin Demands, Links to North Korea? Featured Image from Shutterstock. The post Dark Overlord Group: Keep the Bitcoin flowing, We’ll Keep the Truth Flowing appeared first on NewsBTC.

4 days ago

Steemit censura usuário do caso hacker 11/09

Por: Livecoins Uma polêmica atingiu a rede social Steemit no último dia 07 de janeiro, que deixou a comunidade cripto revoltada com o caso. Um grupo hacker anunciou a poucos dias que iria revelar a verdade sobre o 11/09 e os atentados sofridos pelos EUA na data, a menos que recebessem Bitcoin como pagamento. O fato foi noticiado no Livecoins no último dia 02 de janeiro. Porém, ao ganhar as notícias mundiais e também as manchetes dentro do Steemit, o grupo hacker Dark Overlord viu suas mensagens no pastebin serem apagadas, e também perfis de redes sociais. Um deles, o da Steemit. No Reddit, a postagem feita e o usuário do grupo também foram excluídas pelos administradores da rede social. O Twitter também foi acionado pelo governo dos EUA para banir o grupo de suas dependências. Fonte: https://cryptoslate.com/steemit-censoring-users-immutable-blockchain-social-media/ A rede social Steemit é uma das escolhas da comunidade cripto que quer sair dos ambientes de extrema vigilância e censura como Twitter e Facebook, além de utilizar a blockchain para salvar os textos dos usuários de forma definitiva, e possuir a altcoin Steem para transações. O grupo, “inocentemente” havia postado no pastebin que iria aderir às postagens na rede Steemit após problemas com outras plataformas, pois, com o caráter descentralizado e utilizando a blockchain evitariam a censura sobre seus conteúdos. Fonte: https://cryptoslate.com/steemit-censoring-users-immutable-blockchain-social-media/ O detalhe que nem os hackers esperavam, é que no dia 07 de janeiro seu perfil thedarkoverlord seria banido da rede, fato consumado pelo outro user jredbeard, e que ocorreu devido a violações do Termo de Uso. O usuário banido já foi inserido em uma lista dos banidos da Steemit. A rede social foi então atacada pela comunidade cripto mundial, que até então confiava que o ambiente era “privado”, chegando a ser chamada de “porcaria” de rede e a Steem de shitcoin por usuários do Reddit. Dentro da própria rede social os usuários atacaram a censura, e em um post do perfil the-bitcoin-dood, o mesmo deixou claro que a rede “está tocando em um ponto dolorido”. O que mais choca a comunidade mundial com este fato, é que no whitepaper do projeto ficou claro que a rede deveria ser descentralizada, e que não existiria uma entidade para censurar conteúdos dos detentores da Steem. Outro trecho do whitepaper é justamente o combustível da polêmica, pois, fala que “A liberdade de expressão é a base de todas as outras liberdades e qualquer infração à liberdade de expressão enfraquece os únicos meios pacíficos de chegar a um consenso: a discussão”. O grupo hacker, sem considerar se estava certo ou errado em suas ações, pode ter saído desta como vítima, pois, para uma rede social que se propunha a ser livre, a Steemit criou uma discussão que está longe do fim. O artigo Steemit censura usuário do caso hacker 11/09 apareceu primeiro em Livecoins.

5 days ago

The 9/11 Papers Hacker Group has been Banned from Steemit

Open-source blockchain platform, Steemit, has banned a hacker group called TheDarkOverlord for using its platform to threaten the release of what it says is a trove of damning evidence connected to the September 11th (9/11) attacks unless its $2 million ransom demands are met with a Bitcoin payment. Previously the group was banned from Twitter and the group claims to have obtained the documents by hacking several insurance agencies. Steemit.com has banned the group for Terms of Service violation and GDPR reasons but the group cannot be blocked from using the actual Steem blockchain. Projects simply build their product on top of Steem blockchain and this means that TheDarkOverlord can still post content on other these dApps and the group can still access their wallet. For example, a Steemit clone called Busy.org continues to display content from the group and if the group chooses to publish the 9/11 documents viewers will be able to access them there. (RS)

5 days ago

Steem DApp Growth Exceeded EOS Last Month

Few blockchain platforms would even dream of a 4,600% increase in their number of dApps. But the decentralized sharing network Steem (STEEM) now has those bragging rights, for last month anyway. More than forty decentralized apps - dApps - went live on the Steem platform in December, up from only one that went online the month before. Data collected by the blockchain statistics site, State of the ÐApps, found 46 new dApps online last month. Social features formed the lion’s share, but there were also ten new media dApps as well as a handful of gambling games. Steem is a content platform that pays creators and curators in cryptocurrency. There are three different types of tokens: Steem Dollars (SBD), a USD-stablecoin, STEEM tokens and Steem Power. STEEM tokens, tradeable on exchanges, are rewarded to creators and curators. STEEM tokens were one of the big winners in the market today. Individual tokens are up by 6.2% in the past 24 hours, according to CryptoCompare. There has also been a significant increase in trading volume today, with more than $2.5M worth of STEEM tokens changing hands earlier this afternoon (GMT). 2019: The year of dApp development The good news isn’t just restricted to Steem. December was a record high for the number of dApps live on blockchain platforms featured on State of the ÐApps. In total, 179 new decentralized applications went online in December, up from the 141 in November. Ethereum (ETH) saw the biggest increase with 105 new dApps added to its network; 40 were online gambling features. Via State of the dApps Industry figures suggest this is a promising sign cryptocurrency is moving away from price speculation and towards concerted efforts to develop practical use-cases. Vladislav Dramaliev, Head of Digital Marketing at æternity, believes it also indicates that the community is alive and well. “The current proliferation of decentralized apps is proof that this community movement is alive and well,” Dramaliev wrote in an email to Crypto Briefing. “This movement has seen users abandon the trading desks in favor of coding terminals, as they seek to influence the direction of blockchain projects...2019 is expected to be the year of the commercially successful decentralized app, and with the number that are being developed every day, this is looking more and more likely.” Echoing similar sentiments, Robert Vigilione, the President and co-founder of Horizen, said the increase in dApp development activity meant cryptocurrency was maturing. He said: “We have the basics maturing to a point that we can now have more viable services, and hence, we saw exactly such a proliferation at the end of 2018. Expect 2019 to be a year of continued dApp development as they take advantage of improving infrastructure and a rapidly-growing marketplace.” Steem dApp growth beat EOS EOS saw 26 dApps added to its platform, a little better than it did in both November and October and down from its all-time high of the 56 that went online in September. There were 20 fewer dApps added to EOS than Steem in December. However, EOS handily beat Steem and every other platform in the number of users. EOS dApps have over 45,000 users per day, more than double the number of the next runner up, Ethereum, with 17,000. A decentralized restaurant review and a travel blogging and advice platform, as well as a polling application, were among some of the new dApps added to Steem. A decentralized adult content website, Dporn, went live at the weekend, in the first week of the new year. Steem has had its problems. Its flagship feature, the online blog site Steemit, faced criticism last year for becoming a hub for ICO hypers and scammers. Poor user experience led to a drop in active users and a corresponding decline in the value of Steem tokens. Steem’s new year’s resolution could be to diversify. Rather than depending too much on one ‘killer dApp,’ the platform can have its basis covered with an aggressive application expansion. Whether it will continue to outpace EOS remains uncertain. But on another note: Dan Larimer was formerly CTO and ‘visionary’ for Steemit before jumping ship to EOS’ lead developer, Block.One, in April 2017. Did he back the right horse? The author is invested in digital assets, including ETH which is mentioned in this article. Join the conversation on Telegram and Twitter! The post Steem DApp Growth Exceeded EOS Last Month appeared first on Crypto Briefing.

5 days ago

Steemit.com bans a hacking group for violating its terms of service

Steemit.com, the most prominent Steem interface, banned a hacking group for violating the site’s Terms of Service. The hacking group, which goes by the name of ‘The Dark Overlord’, posted a message detailing an intention to leak several sensitive documents relevant to the September 11 attacks that the group allegedly hacked. According to Motherboard, ‘The Dark Overlord’ claims to have stolen the documents from different insurers and legal firms including Hiscox Syndicates, Lloyds of London, and Silverstein Properties. Steem is a platform used primarily for blogging that uses Steem blockchain to host posts and comments. In order to display the information stored on the blockchain, there is a need of a user interface. While the account in question has been removed from Steemit.com, which is an interface operated by the same company that leads the development of Steem, there are several other Steem interfaces such as Busy.org and SteemPeak that have not banned the user nor deleted the post. The post Steemit.com bans a hacking group for violating its terms of service appeared first on The Block.

5 days ago

Steemit.com bans a hacking group for violating the terms of service

Steemit.com, the most prominent Steem interface, banned a hacking group for violating the site’s Terms of Service. The hacking group, which goes by the name of ‘The Dark Overlord’, posted a message detailing an intention to leak several sensitive documents relevant to the September 11 attacks that the group allegedly hacked. According to Motherboard, ‘The Dark Overlord’ claims to have stolen the documents from different insurers and legal firms including Hiscox Syndicates, Lloyds of London, and Silverstein Properties. Steem is a platform used primarily for blogging that uses Steem blockchain to host posts and comments. In order to display the information stored on the blockchain, there is a need of a user interface. While the account in question has been removed from Steemit.com, which is an interface operated by the same company that leads the development of Steem, there are several other Steem interfaces such as Busy.org and SteemPeak that have not banned the user nor deleted the post. The post Steemit.com bans a hacking group for violating the terms of service appeared first on The Block.

6 days ago

Crypto Market Wrap: Another Day Another Pullback

Market Wrap Crypto markets pulling back again; Ethereum, Bitcoin Cash and Cardano sliding, Tron going strong. A predictable pump and dump cycle appears to be forming in consolidating crypto markets. After Monday’s pump comes Tuesday’s dump as total market capitalization retreats back below $135 billion and recent gains are wiped out again. Bitcoin is a shade under $4,000 as it drops 1.7% on the day and trade volume falls back below $5 billion. An intraday high of $4,080 was made before it hit resistance once again and fell back to a level it appears to be holding for now. Since last Tuesday BTC is still up 7%. Ethereum is also pulling back though heavier losses of 5% have dropped it below $150 again. On the week ETH is still up 10% but the steam appears to be running out of the rally and the gap to XRP in third is getting smaller again. The top ten altcoins are all in the red aside from one. Tron has made over 3.5% at the time of writing and has flipped Bitcoin SV for ninth spot with a market cap of just below $1.6 billion. Stellar has remained static which has allowed it to take sixth back from Litecoin which has lost 1.5%. The rest are down 2 - 4 percent with Bitcoin Cash dumping the most again at over 5%. The top twenty is a deeper shade of red as losses accumulate. Following the 51% attack Ethereum Classic dumped almost 8% back below $5. Cardano and Maker are also getting hit with losses of over 6% during the day’s Asian trading session. Aside from Monero and Binance Coin, the rest are down 3 - 5 percent on the day. The fomo of the day is still going to REPO which is the only coin in the top one hundred making double digits at 15%. Steem is making moves also with a 6% gain on the day. There are no big dumps occurring at the moment but the worst performing altcoins are Waves, Waltonchain and Aurora all dropping over 8%. Total crypto market capitalization has slid a couple of percent back to $134 billion as daily volume drops back below $15 billion. Around $3 billion of yesterday’s $7 billion pump has been lost today. The range bound channel is still intact though on the week markets are up 6%. A breakout is going to be a while coming yet and things may remain this way for some time. FOMO Moments is a section that takes a daily look at the top 20 cryptocurrencies during the current trading session and analyses the best-performing ones, looking for trends and possible fundamentals. The post Crypto Market Wrap: Another Day Another Pullback appeared first on NewsBTC.

6 days ago

Bitten by Reality: Uncoupling Cryptocurrency from the Blockchain Industry

If 2017’s phenomenal crypto-market boom, supported by the entry of innumerable startups into the blockchain industry through initial coin offerings (ICOs) has taught us anything, it was that this fringe technology had some innovative gusto backing it, and it wasn’t going anywhere anytime soon. Blossoming Bitcoin at the time had most certainly cemented itself in modern discourse. For better or worse, it was making headlines all around the world as the market neared tipping point; regulators, governments, entrepreneurs and aspiring traders were catching a whiff of an unusual but golden opportunity. Over that fateful winter, those few months from September 2017 to the end of January 2018 were significant in the sense that an immense amount of capital was poured into the ecosystem. Eventually, the speculative markets had to cool off and this moved the discussion away from Bitcoin, and on to the underlying technology of blockchain which is now considered to be a majorly beneficial technology for industries and governments around the world. With this shift in attention and the ongoing global debate on how to regulate the sector, Bitcoin and the rest of the crypto-market waned throughout 2018, which by winter had the industry on the back-foot, forcing blockchain startups and enterprises to readjust their finances in a big way. What seems logical now, was not actually practiced until it was a little too late, with the lesson being: don’t hold company funds in volatile crypto. Recession Consider this, an industry that miraculously rose to glory on the back of a volatile and speculative digital currency, Bitcoin, has also fallen fathoms due to the now ten-year-old crypto and the seemingly intrinsic connection of value to it that other cryptocurrencies have. An article on Bloomberg on 6 December 2018 shed light on the troublesome topic, detailing the collapse of startups and the layoffs that were unraveling. In addition, a previous report on 12 September 2018 compared the situation to that of the Dot-Com crash. Major firms such as ConsenSys, STEEM, ETCDEV, and others were reporting layoffs while in tandem, the ICO startup market also fell sharply. 2018’s crypto-winter signaled a need for change for the blockchain industry, one that had already been alluded to with the increasing reports of stablecoins rising to prominence during these difficult times as foreshadowed by investment firm Morgan Stanley in March 2018. Knock-on effects With fewer startups raising their desired funds, and market uncertainty stifling crypto-economic activity, the blockchain media was also hit relatively hard, causing PR firms, ICO marketers and media outlets to also re-structure their businesses. Blockchain and crypto-related media are known to be a pay-to-play facet of the industry. From fledgling startups to behemoth companies, this side of the business offers exposure in the form of featured articles, bought and paid for by the respective company, as well as press releases and article mentions amongst other means. For the media companies who often pay their employees in crypto, this meant that the once neverending supply of well-funded enterprises and startups who were flocking to gain media attention were no longer able to afford the costs required to have their project seen on the pages of industry news websites. In turn, the space appears quiet, inactive and pessimistic, giving the doubters and naysayers all the more reason to declare the industry as dead. This new technological frontier has done well surviving off of optimism and perseverance, but in the wake of a reality-checking market downturn, we can only hope that enterprises and companies around the world take heed and consider uncoupling the financial fates of their business from uncertain market assets. Instead, they could adopt a more realistic long-term view that can weather recessions and market downturns, one that minimizes the reliance on cryptocurrencies. Follow BitcoinNews.com on Twitter: @BitcoinNewsCom Telegram Alerts from BitcoinNews.com: https://t.me/bconews Want to advertise or get published on BitcoinNews.com? - View our Media Kit PDF here. The post Bitten by Reality: Uncoupling Cryptocurrency from the Blockchain Industry appeared first on BitcoinNews.com.

6 days ago

@junseth Even if you can find every single website which dis...

@junseth Even if you can find every single website which displays content from the Steem blockchain and get those s… https://t.co/jLrv94VLyV

9 days ago

Ethereum (ETH) Gains 20% as the Holiday Cryptocurrency Rally Continues

Ethereum has gained 20% over the past 24 hours as the holiday crypto rally extends into the weekend. As at the time of writing, 6:05 AM UTC, ETH is trading at $129.4 with a market valuation of $13.5 billion, which has surged by approximately 50% since the beginning of the week. ETH is also leading the AltDex 100 Index (Alt 100). Other top gainers are WAVES, BNT, HOT, and STEEM, which have gained more than 15% today. BTC's value has also increased by 4.61% to trade at $4,052 with a market cap of $70.7 billion. (KE)

22 days ago

EOS Remains at the Top of China’s Latest Crypto Rankings

Yesterday, China published its updated Global Public Blockchain Technology Assessment Index (GPBTAI). Per the study, EOS is still the best crypto with the highest score of 156.1 points followed by Ethereum in the second place with 136.4. The 3rd-10th positions were taken by GXChain, Komodo, Ontology, NULS, Nebulas, BitShares, NEO, and Steem respectively. Bitcoin is ranked 18th with a score of 96.1 whereas ETC is ranked 15th with 97.9. These rankings were based on innovation, applicability, and technology. (KE)

22 days ago

State of the DApps’ Rankings by Platform Website Adds Steem ...

State of the DApps’ Rankings by Platform Website Adds Steem to Its Decentralized Applications List… https://t.co/LDytUi5aZi

24 days ago

Bear Market Causing Unemployment: Recent Layoffs In Leading Crypto Projects

The bear market has taken its toll on many parts of the crypto space, from the inability for projects to attract new funds, to companies being forced to lay off employees. We recently published a piece about Bitcoin Jobs that continue to rise despite the 2018 bear market. Although it is true that there is a surge in bitcoin/blockchain jobs (particularly in software development) it’s also the case that many high profile blockchain companies are being forced to trim down the size of their organization to be more cost-effective and efficient: Steemit, the decentralized social network recently laid off 70% of their staff. The company cited “the weakness of the cryptocurrency market, the fiat returns on our automated selling of STEEM diminishing, and the growing costs of running full Steem nodes” as the main reason for their layoffs. Civil, a blockchain project that was supposed to save journalism, failed to reach it’s ICO fundraising goal and was forced to cut back on the 18 news desks they had setup in locations around the world. To make things worse, employees alleged the company wasn’t paying its journalists and accused owners of repeatedly misleading staff over the potential value of their token. Lack of funding caused one of Ethereum Classics Development Team to shut down operations. The ETCDEV had even publicly shared a Twitter poll asking if their community would be willing to donate money to help them continue funding operations. In this poll, 59% of members said “no,” which is a clear sign that the team was no longer adding enough value to the crypto space to justify their existence. Consensys, which was founded by Ethereum co-founder Joseph Lubin, laid off 13% of their staff, and released the following statement: “Excited as we are about Consensys 2.0, our first step in this direction has been a difficult one: we are streamlining several parts of the business including Consensys Solutions, spokes, and hub services, leading to a 13% reduction of mesh members.” Status (SNT) cut 25% of their staff, losing significant amounts of the $64m they raised, which was still held in ETH (it could be worth as little as $15.3m now). Even Bitmain, a highly successful Bitcoin mining company, has been forced to close their blockchain development center in Israel and layoff 23 employees. They have also cited the recent collapse in price of cryptocurrency as a reason for the center being closed. Many ICOs Didn’t Convert Their Funds On Time These projects have been put in a tough situation. However, many of them have also made their problems worse by choosing to keep the funds they raised in ETH even as the price continued to decline. Rather than just working with the number of funds they raised, the chose to be greedy and speculate on their investments. Today, there are still ICOs holding 95%+ of their treasury in crypto assets. We will continue to keep an eye on these projects as we expect they won’t last very long under current market conditions. The post Bear Market Causing Unemployment: Recent Layoffs In Leading Crypto Projects appeared first on CryptoPotato.

25 days ago

What Is Reddcoin? Introduction to RDD Token

What Is Reddcoin? Reddcoin is a decentralized, blockchain-based cryptocurrency used to tip or send payments for social content. Unlike competitor Steem (and legacy platforms like Snapcash), the Reddcoin API supports all social platforms, from Reddit to Twitter and Twitch. RDD, the native cryptocurrency coin of Reddcoin, is mined by the ReddID wallet through a Proof-of-Stake-Velocity, which increases your odds of mining a valid block through your RDD balance. Social media is a big business - according to Pew Research, over 68 percent of American adults use Facebook alone. In fact, the social giant has over 2.27 billion monthly active users as of September 30, 2018. The rise of social media led to a rise in influencer marketing, with major social influencers generating millions of dollars in revenue. Now everybody wants to be a social media influencer, and with brands pushing toward microinfluencers, socialcoins like RDD, SBD, and STEEM are well-positioned to bridge the gap. Everyone should get paid for making social platforms like Facebook popular, not just C-suite executives like Zuckerberg. The idea of tipping content creators already created a rift that let social funding platforms like Patreon to create a new lane and flourish. If there’s money to be made in this lane, it’s going to be found, and Reddcoin isn’t the only one looking. Even Dogecoin is popularly used for tipping online. Will social currency and Internet tipping become widespread enough to sustain an entire market? Let’s begin answering that question with a breakdown of the RDD cryptocurrency and its market performance so far. RDD Cryptocurrency Summary As of December 17th, 2018, the circulating supply of Reddcoin is 28,808,713,174 RDD, with no total supply cap (the original hard cap of 109,000,000,000 was removed during the transition to PoSV). The peak price so far of RDD was $0.028770 on January 7, 2018. The Reddcoin public ICO token sale ended January 20, 2014 and raised over $100,000 worth of BTC in anticipation of the platform’s February 2, 2014 release. Over 5.45 billion REDD was minted in this initial batch. RDD was initially mined through PoW like BTC, but it was transitioned to PoSV mining in August 2014. The total supply of RDD increases approximately five percent on an annual basis. PoSV still requires processing algorithms, but because RDD balances increase success probability, PCs, tablets, laptops, and smartphones can compete with ASIC mining rigs. Reddcoin critics argue it can’t sustain value because of its divisibility and uncapped supply. Supporters argue a price over $0.01 already makes it difficult to support microtransactions online. Spending a penny is more emotional than spending one tenth of a penny, and on ad platforms used by most websites, approximately $0.01 is paid out for every 1000 views. This puts a hefty limit on social media, as nearly 80 percent of Facebook users (and 100% of real people) have 500 or fewer friends. Over $200,000 worth of RDD is traded on a daily basis. Cryptocurrency exchanges that support RDD include Bittrex, Upbit, Litebit.eu, and Cryptopia. Reddcoin trading pairs include BTC, DOGE, and fiat currencies like EUR. The official Reddcoin cryptocurrency wallet is available for desktop platforms and mines RDD. Also, ReddID runs as a browser extension that lets you easily tip people on any website or forum you visit within the browser. Think of it as a phonebook for Reddcoin addresses and usernames so you can locate wallet addresses for the creators you’re viewing. Other third-party wallets have been created, including Reddcoin-Qt and reddcoind, however only ReddID has been confirmed for staking and earning RDD interest. Socializing With Online Networks When cryptocurrency started gaining mainstream attention in 2011, journalists, influencers, bloggers, podcasters, YouTubers, and other content creators started posting their public keys online. Over the past decade, we all just kinda got used to seeing them on social media profiles and author bios. Meanwhile in 2015, Facebook joined the ranks of messaging platforms to allow friend-to-friend payments. Microtransactions and social payments seem like the wave of the future, and several cryptocurrencies, like DOGE, have risen through the ranks as generally acceptable forms of payments to tip people online. This forced platforms to push for proprietary currencies to tokenize transactions on their platforms, whether blockchain-based or not. Amazon-owned video game streaming service Twitch, for example, created its proprietary Bits currency in late 2017 it quickly integrated the service with PayPal for convenience. Twitch has over 140 million monthly active users watching over 2.2 million monthly livestreams. Amazon spent $970 million to buy the company in 2014, and its top 10 streamers earn over $23 million a year in combined revenue. But earning a living on these platforms isn’t as easy as it looks - top earners have professional teams helping with

a month ago

Dan Larimer Proposes Changes to the Current EOS Block Producer Model

Dan Larimer, the creator of EOS, recently made statements that propose changes to the current structure of its block producer model. “I am starting to think that the Steem model where the 21st producer is rotated in makes more sense. Then they only get paid per block produced… I would probably rotate… one per hour.” This implies that the standby block producers would have the opportunity to contribute to the network regularly. This provides the opportunity to test whether “all standby (BPs) have nodes ready to take over.” This is a similar model to the one used by Steem. (JF)

a month ago

Crypto Market Update: Weekend Gains Wiped Out in $5 Billion Fall

FOMO Moments Monday is red as markets wipe out weekend gains, Bitcoin Cash, Stellar, Iota sliding, Ethereum Classic staying afloat. It didn’t last. Crypto markets are back down again today after recovering a little over the weekend. The complete lack of buying pressure at the moment indicates that the bears are still in full control of things. Total market capitalization has been pushed back down to $130 billion again. Bitcoin has found a consolidation channel between $4,000 and $4,300 and it doesn’t seem to have the momentum to break on the upside. BTC is down 3% back at $4k at the time of writing. Two ‘Bart Simpson’ type chart patterns have formed over the last week indicating that BTC could be about to fall again. Ethereum has already fallen, dumping 3.5% since yesterday back to $113. Altcoins are all in the red again today, wiping out weekend gains. Bitcoin Cash is taking the biggest hit of over 6% at the moment as it slides further down the chart. Stellar has held on to fourth, but only just as it too has lost over 5% on the day. The rest of the top ten is dropping 2 - 4 percent at the time of writing. Further down the chart there is only one beacon of green in the top twenty. Ethereum Classic is up over 3% on the day which has taken it over $5 again. A recent Github heist and resolution may be the cause of the current momentum for ETC. The rest of the altcoins in this section are falling 2 - 5 percent on the day. Today’s big dose of FOMO is going to Mithril which has pumped 32% overnight. MobileGo and Decentraland are also in double figures at the time of writing with 14% gains each. Unsurprisingly previous pumpers are now dumping, namely Bitcoin Private and Theta Token down 15% and 12% respectively. After laying off a whole bunch of staff, Steem is also getting hit today. Around 3.7% has been lost from crypto markets since Sunday. As another $5 billion flows back out of digital currencies market capitalization drops back below $130 billion again. Markets are back to the same level there were at this time last week and appear to be range bound between $130 and $140 billion. Bitcoin’s dominance is still around 53.6% so the ratio has remained stable for a while. FOMO Moments is a section that takes a daily look at the top 20 altcoins during the current trading session and analyses the best performing ones, looking for trends and possible fundamentals. The post Crypto Market Update: Weekend Gains Wiped Out in $5 Billion Fall appeared first on NewsBTC.

a month ago

Crypto Startups Laying Off Staff Due to Falling Crypto Prices

The crypto market has been hit hard by the bearish trend this year. Crypto startups are laying off their staff to mitigate losses. Blogging website Steemit, which is funded by digital coin Steem, is laying off 70pc of its workers. This is after Steem fell by 96% from January's all-time high. SpankChain, which funds an adult entertainment service, is planning to lay off 20 employees and freelancers to 8. Its market cap has dropped to $6m from $190m recorded at the start of the year. UK crypto exchange Coinfloor and Kraken are also said to have cut their staff in the second half of this year. (KE)

a month ago

Daily Cryptocurrency News - 29th November 2018

Here are the most important cryptocurrency news of November 29th 2018: Bitcoin Will Soon Be Accepted In Multiple Jewelry Shops Across Canada Even if the price seems to remain on the $4,000 range, the Bitcoin adoption is slowly increasing. This time, Birks Group - a Canadian jewelry brand, announced that they will accept Bitcoin in their stores. The news were first reported by BusinessWire, and speaks how Birks Group will start accepting Bitcoin payments by working with BitPay: It is of great significance to Birks Group to launch BitPay. As an internationally growing brand, we believe that BitPay will benefit our customers as we look to align ourselves with these innovative capabilities that are on the forefront of technology. BitPay’s CCO, Sonny Singh hopes that the new brand direction will lead to an inrease in customers: Birks Group has a large number of international shoppers so allowing them to pay in bitcoin makes perfect sense. Accepting bitcoin helps Birks Group to cater to their high-end international clients and get new customers while providing an innovative and safe payment option. But there’s one question in the head of every cryptocurrency enthusiast: Did BitPay solved their Copay wallet issue? As it was previously reported, a module that Bitpay is using was compromised and multiple wallets are at risk. Bitpay’s Statement came and same did the update. But are the funds now secure? Have the hacker gained anything from its trick? Ripple Whales Move $1 Billion in XRP It appears that cryptocurrency whales are using the bear market to accumulate more crypto. $989,999,892 worth of XRP were transferred within 4 hours. Five transactions were made, the largest one for 348,507,596 USD. 🚨 🚨 🚨 🚨 🚨 🚨 🚨 🚨 🚨 🚨 999,999,959 #XRP (348,507,596 USD) transferred from Unknown wallet to Unknown wallet Tx: https://t.co/Ev8EewPGcu — Whale Alert (@whale_alert) November 27, 2018 🚨 🚨 🚨 🚨 🚨 🚨 🚨 🚨 🚨 🚨 749,999,979 #XRP (261,380,701 USD) transferred from Ripple OTC Distribution wallet to Unknown wallet Tx: https://t.co/iwtpyoQsxv — Whale Alert (@whale_alert) November 27, 2018 🚨 🚨 🚨 🚨 🚨 🚨 🚨 🚨 🚨 🚨 850,335,027 #XRP (296,321,202 USD) transferred from Ripple OTC Distribution wallet to Unknown wallet Tx: https://t.co/DRGaLQfWrl — Whale Alert (@whale_alert) November 27, 2018 🚨 40,000,000 #XRP (13,951,639 USD) transferred from Ripple OTC Distribution wallet to Unknown wallet Tx: https://t.co/ujebBfIYeE — Whale Alert (@whale_alert) November 27, 2018 🚨 🚨 🚨 🚨 🚨 🚨 200,000,000 #XRP (69,838,754 USD) transferred from Ripple Escrow wallet to Ripple OTC Distribution wallet Tx: https://t.co/DjgvGOdWjj — Whale Alert (@whale_alert) November 27, 2018 All five transactions lead to the same unknown address. But, the person moving this funds is definitely a representative of Ripple. The company behind XRP owns 60% of the total supply, but the vast majority is locked in escrow. Ripple recently revealed that they are selling XRP Over-the-Counter. They chose this measure so it won’t affect the hodlers. It also appears that investors are more interested in Ripple. The Q3 sales for Ripple this year was $163.33 Million, double since its Q2 sales where they recorded only $73.53 Million. Another interesting fact : from the $163.33 Million, $93 Million was sold to institutions. The total fee for those transaction was way less than 0.01 XRP - which makes the fee amount negligible compared to the amount transferred. Tron Announces $100 Million Gaming Fund After the recent great news for Tron - the BitTorrent and uTorrent accepting TRX and the great price increase - they now surprise the game developers with a $100 million fund for the next three years. The fund’s name is Tron ARCADE and was announced November 29th trough a press release. Justin Sun declared: “TRON strives to tackle existing issues faced by the gaming industry by leveraging the open, transparent, and immutability of blockchain technology,” “TRON Arcade will play a crucial role in encouraging developers to join in our mission and provide the best blockchain gaming experience to users around the world.” This announcement will surely lead more developers to the TRON’s community and could hopefully grow its dApps list to more than 21 games. Plus, the recent surge in price will probably bring new developers trying their technology - as Justin Sun hope that the blockchain gaming community will use Tron due to its multiple benefit compared to its competitors. ConsenSys Invest $2.1 Million In AZTEC Ethereum Hosted Protocol It appears that Ethereum doesn’t let themselves behind Tron. If Tron wants to lead more developers using their blockchain for dApps, ConsenSys invested $2.1 Million in AZTEC. The Ethereum mainnet-hosted protocol would allow users to facilitate private transaction on Ethereum’s public blockchain. Founded by Dr. Zachary Williamson and Tom Pocock, AZTEC’s main purpose would be to have a bank-level privacy for its users and ensure privacy in transactions, while reduc

a month ago

Crypto Cooldown Forces Steemit to Lay off 70% of Employees

Steemit, a decentralized sharing system and distributed app designed to rewards content creators with crypto, will be laying off a massive chunk of its staff. The company announced that it is cutting off 70% of its workforce, citing “the weakness of the cryptocurrency market, the fiat returns on our automated selling of STEEM diminishing, and

2 months ago

Crypto Bears Strike: Steemit Purges 70% Of Employees, Yet STEEM Up 12%

Crypto Startup Steemit Terminates 70% Of Staffers Even for the most hardened of firms, bear markets, whether in emerging or established industries, aren’t kind or forgiving. This theme has sadly translated over to the cryptocurrency market. As reported by Ethereum World News on Tuesday, Mike Novogratz’s Galaxy Digital, for example, lost $136 million trading Bitcoin, Ether, and XRP since January 2018. But, most recently, Steemit, the company behind one of this industry’s leading assets, STEEM, and foremost decentralized platform, has unfortunately resorted to a drastic staff layoff to cover its losses. Ned Scott, CEO at Steemit, recently took to his personal Youtube channel to divulge the news, releasing an impassioned three-minute video to bring awareness to the crypto community at large. Scott, seeming perturbed by the happenstance, noted: While we were building up our team over the last months, we had been relying on projections of basically a higher bottom for the market... Since that’s no longer there we’ve been forced to lay off more than 70% of our organization. He explained that as Steemit’s top brass met, it became logical that a staff restructuring at Steemit, a private organization, was necessary. Interestingly, he failed to divulge an exact headcount pre-purge and post-purge, making it hard to tell how many were affected. Discussing the reasoning more in-depth, Scott explained that as the cryptocurrency market has faltered, so has Steemit’s war chest, which has only been worsened by the “growing costs of running full Steem nodes.” To mitigate further hemorrhaging, the crypto entrepreneur explained that the team’s remaining members will be focused on reducing Steemit’s budget, while ensuring that the community is still engaged with the promising startup. Per Scott, the former issue will be solved by “replacing steemd plugins with hivemind, pitchforking Steem to prune the chain state size from 160gb to 0gb, AWS usage projections, DevOps solutions, reduction of Staging and Testing nodes, and eliminating redundancies.” Although these aforementioned statements painted a bearish picture for the startup, in an accompanying blog post made on Steemit, Scott maintained that his advocacy for his project and the cryptocurrency ecosystem is still present. Outlining his bullish view on cryptocurrency technology, the industry chief explained that cryptocurrencies still have the potential to “give us greater freedom through unrestricted value transfer, value store, and the financial tools that come along with that,” echoing Anthony Pompliano’s recent comments on CNBC. Scott also noted that he expects for cryptocurrency to spawn killer applications, which may eventually rival the Instagrams and Reddits of this world, which have maintained hegemony over the Internet for upwards of a decade in some cases. Regardless, the fact of the matter is that Steemit, like a majority of other crypto-centric upstarts, has suffered, no matter the strength of their project. Despite Layoff, STEEM Follows Bitcoin Higher — Posts 12% Gain In spite of the dismal development, STEEM, the native asset of the Steemit ecosystem, has somehow posted a substantial USD gain in the past 24 hours, and a double-digit one at that. Per CoinMarketCap, as Bitcoin (BTC) moved above $4,000 to $4,300, STEEM moved alongside this market’s foremost asset, posting an 11% gain in the past 24 hours. Interestingly, STEEM has actually outperformed BTC by 2.5%, not a common sight in 2018’s bear market. Title Image Courtesy of Alex on Unsplash The post Crypto Bears Strike: Steemit Purges 70% Of Employees, Yet STEEM Up 12% appeared first on Ethereum World News.

2 months ago

Crypto Bears Strike: Steemit Purges 70% Employees, Yet STEEM Up 12%

Crypto Startup Steemit Terminates 70% Of Staffers Even for the most hardened of firms, bear markets, whether in emerging or established industries, aren’t kind or forgiving. This theme has sadly translated over to the cryptocurrency market. As reported by Ethereum World News on Tuesday, Mike Novogratz’s Galaxy Digital, for example, lost $136 million trading Bitcoin, Ether, and XRP since January 2018. But, most recently, Steemit, the company behind one of this industry’s leading assets, STEEM, and foremost decentralized platform, has unfortunately resorted to a drastic staff layoff to cover its losses. Ned Scott, CEO at Steemit, recently took to his personal Youtube channel to divulge the news, releasing an impassioned three-minute video to bring awareness to the crypto community at large. Scott, seeming perturbed by the happenstance, noted: While we were building up our team over the last months, we had been relying on projections of basically a higher bottom for the market... Since that’s no longer there we’ve been forced to lay off more than 70% of our organization. He explained that as Steemit’s top brass met, it became logical that a staff restructuring at Steemit, a private organization, was necessary. Interestingly, he failed to divulge an exact headcount pre-purge and post-purge, making it hard to tell how many were affected. Discussing the reasoning more in-depth, Scott explained that as the cryptocurrency market has faltered, so has Steemit’s war chest, which has only been worsened by the “growing costs of running full Steem nodes.” To mitigate further hemorrhaging, the crypto entrepreneur explained that the team’s remaining members will be focused on reducing Steemit’s budget, while ensuring that the community is still engaged with the promising startup. Per Scott, the former issue will be solved by “replacing steemd plugins with hivemind, pitchforking Steem to prune the chain state size from 160gb to 0gb, AWS usage projections, DevOps solutions, reduction of Staging and Testing nodes, and eliminating redundancies.” Although these aforementioned statements painted a bearish picture for the startup, in an accompanying blog post made on Steemit, Scott maintained that his advocacy for his project and the cryptocurrency ecosystem is still present. Outlining his bullish view on cryptocurrency technology, the industry chief explained that cryptocurrencies still have the potential to “give us greater freedom through unrestricted value transfer, value store, and the financial tools that come along with that,” echoing Anthony Pompliano’s recent comments on CNBC. Scott also noted that he expects for cryptocurrency to spawn killer applications, which may eventually rival the Instagrams and Reddits of this world, which have maintained hegemony over the Internet for upwards of a decade in some cases. Regardless, the fact of the matter is that Steemit, like a majority of other crypto-centric upstarts, has suffered, no matter the strength of their project. Despite Layoff, STEEM Follows Bitcoin Higher — Posts 12% Gain In spite of the dismal development, STEEM, the native asset of the Steemit ecosystem, has somehow posted a substantial USD gain in the past 24 hours, and a double-digit one at that. Per CoinMarketCap, as Bitcoin (BTC) moved above $4,000 to $4,300, STEEM moved alongside this market’s foremost asset, posting an 11% gain in the past 24 hours. Interestingly, STEEM has actually outperformed BTC by 2.5%, not a common sight in 2018’s bear market. Title Image Courtesy of Alex on Unsplash The post Crypto Bears Strike: Steemit Purges 70% Employees, Yet STEEM Up 12% appeared first on Ethereum World News.

2 months ago

Steemit Lets Go Over 70% of Employees, Blames Bear

Steemit, a popular blockchain-based social media platform, has laid off more than 70% of its workforce according to an announcement by founder and CEO Ned Scott. This is largely due to the crash in cryptocurrency prices during 2018. The native cryptocurrency of Steemit, STEEM, has declined from nearly USD 8 in January 2018 to USD 0.30 on 26 November. Steemit depends on selling STEEM at regular intervals for cash flow and, therefore, operational cash is now drastically reduced until the market rises again. The price of STEEM is actually up 20% today at USD 0.37, so it appears investors find this news to be favorable. Cuts in the number of employees and infrastructure costs are being undertaken to ensure the survival of Steemit long term. Scott says, “However, in order to ensure that we can continue to improve Steem, we need to first get costs under control to remain economically sustainable. There’s nothing that I want more now than to survive, to keep steemit.com operating, and keep the mission alive, to make great communities.” In addition to laying off 70% of its workforce, Steemit is cutting costs by replacing steemd plugins with hivemind, reducing the chain state size, reducing staging and testing nodes, eliminating redundancies, closely monitoring Amazon Web Service (AWS) usage, and in general will be restructuring all operations to reduce spending. This layoff at Steemit comes only two months after the Steem velocity hard fork, which touted major improvements to code and usability, but for the most part increased the cost of posting on Steemit by basically requiring users to buy more Steem Power (SP) to be able to post as much as they want to. The price of STEEM has fallen 70% since the velocity hard fork was implemented, and Steemit’s Alexa rank has declined from about 2,200 to 3,646 as of 28 November. Follow BitcoinNews.com on Twitter: @bitcoinnewscom Telegram Alerts from BitcoinNews.com: https://t.me/bconews Want to advertise or get published on BitcoinNews.com? - View our Media Kit PDF here. Image Courtesy: pixabay The post Steemit Lets Go Over 70% of Employees, Blames Bear appeared first on BitcoinNews.com.

2 months ago

Amidst Dwindling Prices, Steemit Lays Off 70% of Workforce

Blockchain-based social media platform Steemit Inc., the company behind popular open source website Steemit.com, has announced a structural reorganization which will entail laying off 70 percent of its workforce as it looks for new ways to cut costs and remain sustainable as a business.In a heartfelt post published by Steemit's co-founder and CEO Ned Scott, the rest of the team will stay on to work on reducing the cost of running the Steemit platform and the company's public APIs.Scott attributed the decision to lay off the overwhelming majority of Steemit’s workforce to "the weakness of the cryptocurrency market, the fiat returns on our automated selling of STEEM diminishing, and the growing costs of running full Steem nodes.""We have conducted our first all-hands meeting and are prioritizing all the cost reduction solutions we can accomplish in the near term, including replacing steemd plugins with hivemind, pitchforking Steem to prune the chain state size from 160gb to 0gb, AWS usage projections, DevOps solutions, reduction of Staging and Testing nodes, and eliminating redundancies," Scott continues in the post.Steem is Steemit's native token, which was created in 2016 as a micropayment currency for tipping authors on the Steemit platform. The Steemit platform was created to be a decentralized version of Reddit, where contributors could be rewarded with steem for their posts. Other decentralized platforms like DTube and DLive also run on the Steem blockchain.The steem token, which has a $106.4 million market cap, has fallen from its all-time high of $7 in January 2018 to the current price of $0.35, a 95 percent decrease in value.Scott believes the Steem blockchain can become an affordable network for apps but pruning down its costs is the first step in ensuring the sustainability of the platform."There’s nothing that I want more now than to survive, to keep steemit.com operating, and keep the mission alive, to make great communities," Scott affirmed.Steemit's blockchain suffered an outage in September 2018 due to an upcoming hard fork update. According to the explanation given by Steemit, the source code for the hard fork was run ahead of schedule by some nodes whose actions spilled into an incompatible chain affecting certain safeguards that froze the blockchain. This article originally appeared on Bitcoin Magazine.

2 months ago

Unending Bear Market Leads Steemit to Sack 70% of its Staff

Blockchain publishing and social media startup Steemit have sacked nearly 70 percent of its staff and referenced the current year-long bear market as the reason for reducing staff. Steemit CEO Ned Scott made the announcement via YouTube on Thursday. Scott explained that Steemit had been building out its team over the year but were also “relying on projections of basically a higher bottom for the market and sine that’s no longer there, we’ve been forced to lay off and restructure.” Scott did not pinpoint the total number of employees laid off but the did mention that “fiat returns” were no longer sufficient enough to cover the “growing cost of running full Steem nodes.” At the moment Steemit ranks 48th on CoinMarketCap and the company has a market cap of $106 million. (RS)

2 months ago

Losing Steem: One of the Most Active Crypto Projects Cuts Staff

Steemit, the social media platform built around the STEEM digital asset, is reorganizing its structure and downsizing 70% of its workers.

2 months ago

@hasufl Also, take note. Steemit still has at least $30 mill...

@hasufl Also, take note. Steemit still has at least $30 million worth of STEEM in public wallets. This announcement… https://t.co/G1TytRcNyU

2 months ago

@hasufl For the six months or so, vested STEEM was not dilut...

@hasufl For the six months or so, vested STEEM was not diluted, as described in that page. After that inflation was… https://t.co/TdBjO5OVXm

2 months ago

The Daily: ICOs Hunker Down for Crypto Winter, Meta Stablecoins Are Coming

For those who live in the northern hemisphere, winter is coming, while in the cryptosphere it’s already here. In Wednesday’s edition of The Daily, we look at the steps ICOs are taking to preserve their capital as they wait for the markets to warm up again, heralding that winter is over. Also read: Bitstamp to Deploy New Market Surveillance Tool to Fight Price Manipulation ICOs Offload ETH and Downsize to Survive Having belatedly realized that the crypto market may have further to drop, and that staying all in ETH could be fatal, tokenized projects have begun cashing out and cutting costs. Some, such as Aragon, have shown prudence in their treasury management, maximizing capital through smart cryptocurrency acquisition and liquidation. This week, the project sold $1.5 million of cryptocurrency, including $1 million of ETH, and has sought sanctuary from market volatility by taking out a 1 million loan of DAI, Maker’s ETH-collateralized stablecoin. Other tokenized projects have not been so fortunate or astute at balancing their budgets however. In addition to Aragon, over 100,000 in ETH has been sold by ICOs in the past week in a belated attempt to stem diminishing funds. A number of projects have also begun to lay off staff, including Steemit, which is shedding 70 percent of its workforce. In a blog post, Steemit CEO Ned Scott attributed the move to “the weakness of the cryptocurrency market, the fiat returns on our automated selling of STEEM diminishing, and the growing costs of running full Steem nodes.” He added: I would like to thank all of our employees and contractors for their months and years of dedication and hard work. It is incredibly difficult to part with these great people who I have gotten to know well and respect. Stably Announces Meta Stablecoin Stablecoins, representing the promise to pay the bearer a corresponding asset that promises to pay the bearer an agreed amount, are already very meta. Stably’s forthcoming dollar-pegged coin takes this metaness to a new level though. Its new stablecoin will use a basket of stablecoins as its reserve, including its own stableusd (USDS) as well as potential candidates such as USDC, TUSD, GUSD and DAI. “Our approach to building this basket will be to design a coin with institutional cryptocurrency traders in mind,” explained Stably. “The main advantage of this coin will be diversification of counterparty risk. A user can confidently trade this coin knowing that the risk profile of the coin is diversified with several other stablecoin projects.” Whether investors are swayed by this argument remains to be seen. In the U.K., meanwhile, London Block Exchange (LBX) and Alphapoint have launched GBPP, the first stablecoin pegged to the pound sterling (GBP). Bitcoin’s Not Dead and Here’s the Proof Finally, while cryptocurrency users need no convincing that there’s a lot of life in bitcoin yet, mainstream media aren’t so sure. For years, bitcoiners have directed crypto coroners in the direction of the obituary page that records the number of times BTC has been declared dead. Nic Carter has now assembled a handy flowchart to help set the record straight any time the media declare, for the umpteenth time, that bitcoin is dead. What are your thoughts on today’s news tidbits as featured in The Daily? Let us know in the comments section below. Images courtesy of Shutterstock and Twitter Need to calculate your bitcoin holdings? Check our tools section. The post The Daily: ICOs Hunker Down for Crypto Winter, Meta Stablecoins Are Coming appeared first on Bitcoin News.

2 months ago

Have the “Lambo” Times Come to an End in the Crypto Market?

The crypto markets are going through turbulence - prices are falling, traders are panicking and companies are losing money. Bitcoin plummets below $4,000 for the first time since last year, putting an end to the months of “stability”. Altcoins are following the same pattern. Not much ground for optimism, hah? Apparently, someone disagrees on that. Despite all mentioned above, some crazy Japanese, decided to start a giveaway of a symbolic Lamborghini and 1000+ prizes. Nevertheless, what is behind this contest? Is there any trick? Those who’ve been through thick and thin, know those giveaway announcements are a beloved tool of scammers. It is enough to remember the number of fraudulent bots giving away Ethereum that littered almost every crypto post on Twitter. In the case of the Japanese campaign, there is an actual competition behind it - a trading challenge. A company called Nagezeni starts it just right after listing on a crypto exchange Coinsuper. In short, participants should trade with NZE token and the higher their trading volume is, the better the prize will be. They are claiming that the best of the best will be rewarded with nothing less than a Lamborghini Huracan Coupe, leaving a couple of exclusive and super expensive watches and 160.5 ETH to the rest of the 1000+ winners. Looking at the falling market, any rational person will not rush to trust this kind of campaigns and even lower will be the desire (or courage?) to participate. In addition, daily news about bans and investigations in different countries, underpinned by terrifying statements of the SEC, not just uninspire but have a lasting negative psychological effect even on experienced traders, provoking panic and chaos. The price of almost every coin fell drastically, in some occasions by 80% of its all-time high: Cardano - 93.3%, NEO - 88.3%, Ethereum - 82.1%, Ripple - 78.0%. Even almighty Bitcoin lost around 67%! And these are the digital assets that have seemed to be unshakable! Just remember what happened to recently listed coins, not backed up by the actual product. Strong fear of losing money, accompanied by the lack of trust has simply dumped the ICO market. As a result, newcomers, noobs and false “prophets” began to scream on every corner that the “crypto bubble” finally popped. Even notorious Ian Balina, also known as John McAfee 2.0, posted on his Facebook that he doesn’t have any plans to buy back coins yet. He added that he would rather wait for multiple confirmations that the market has bottomed out, which he doesn’t see right now. So, does it mean that the ICO market is actually dead and even magic can’t help here? Precisely for that reason, market players should seek new opportunities, hidden from everyone else’s eyes. An experienced trader knows that it is not enough to audit new projects, market sentiment should also be taken into account. Only crazy people or those who possess insider information bet against the market. That is why many ICOs have decided to postpone the token distribution, waiting for a trend reversal. And trading competition could be a great alternative to get a positive return, instead of playing a Russian roulette with ICOs. But how to check whether this contest is real or fake? There is no universal factor that could ensure the faith. The best way is to carefully analyze each campaign and the project behind it. In the case of Japanese Nagezeni, the news that they plan to give away Lamborghini first appeared in crypto Telegram channels. According to the message diffused among the crypto enthusiasts, this competition will last no longer than two weeks - from the 3rd until the 17th of December. And the winner will be chosen by the net trading volume. Apparently, there will be over 1000 lucky ones. But what if the company itself is interested in winning all the major prizes and may employ different market-making schemes to fool the players? Actually, simple participants may also cheat and use contra trading strategies. To exclude these, Coinsuper imposed certain rules and conditions, according to which any instrument that can manipulate the market price is prohibited. Actually, trading competitions have been one of the beloved instruments to promote tokens on the biggest crypto exchange - Binance. Just to mention, Tron, Gifto, Yoyow, Waves, Mana carried out trading contests for their communities. But, due to the market fall, it has been over a couple of months since similar lotteries took place, and Nagezeni saw this as an opportunity. Indeed, if trading competitions were popular before, why wouldn’t they be so now? Many traders are actually waiting for this trend revival. It looks like that NZE contest might be one of the biggest events this year, and that is great because the market needs a little push. The main difference is that previous competitions took place on the biggest trading platform, Binance, meanwhile Nagezeni contest will take place on a much smaller Coinsuper. Its 24 hours tradin

2 months ago

Coinbase Finally Takes RippleLabs’ Coin on Their Custodian Services

CoinSpeaker Coinbase Finally Takes RippleLabs’ Coin on Their Custodian Services This move was first announced in October 2018 and has taken a month to seal the deal. Until then, getting a listing on Coinbase wasn’t at all easy. The exchange did listed the exclusive top five, but with the exception of Ripple that according to allegations seemed to have openly asked for getting listed among Bitcoin (BTC), Ethereum (ETH), Bitcoin Cash (BCH), and Litecoin (LTC) which was at the time of the listing ranked as the top 5th currency. The initial allegations stated that Ripple Labs offered millions to Coinbase and Gemini exchange in order to get listed, but was refused despite, which was later on negated by the foundation. Aimed at institutional investors, Custody requires a minimum cryptocurrency holding of $10 million and a thorough due-diligence process before an individual or company is accepted as a client. The addition of XRP to the list of supported assets came as surprise to many cryptocurrency enthusiasts. In the past, XRP has generated criticism for being closely linked to Ripple, an international financial services company that is actively partnering with banks worldwide. Ripple (arguably) created the XRP digital currency several years ago. Today, Ripple (unarguably) controls the majority of XRP tokens in existence. Some argue that XRP tokens are unregistered securities because they rise and fall with the actions of Ripple. Others (including Ripple) claim XRP is sufficiently decentralized. This controversy was always in the way of XRP clearing its path to the exchanges like Coinbase. In August 2018, a Coinbase blog post stated the firm was exploring 37 new digital assets for addition on their Custody product, with “no bearing on trading-related” verticals. Among the many assets were NEO, Steem, Dfinity, and lesser-known projects like PolkaDot, Tokencard, and Props. Following the new announcement, in its new service, Coinbase will work as a bank for Ripple. Custodial services mean that the entity in charge has been allowed within the law to hold fund for customers. Battle-Tested Storage for Best Crypto Assets The launch of the custodial services at Coinbase in July 2018 opened the way for institutional investors to get involved with virtual assets. As Coinbase explain: “Coinbase Custody is a combination of Coinbase’s battle-tested cold storage for crypto assets, an institutional-grade broker-dealer and its reporting services, and a comprehensive client coverage program.” Historically, Coinbase has been pretty conservative to list new cryptocurrencies across any of its businesses. However, with increasing competition and superior products being developed in the blockchain and cryptocurrency sector, Coinbase has expanded its offerings to remain relevant. Coupled with the recently-granted New York Financial Department’s license to operate as an independent custodian, the company seems primed for disruption. Since the infamous Bitcoin Cash saga, which saw Coinbase allegedly pumping the coin’s price before listing, the firm has maintained a clear line of communication with the general public. In statements in August 2018, Sam McInvagale, product head at Custody, stated: “Coinbase Custody is exploring the addition of many existing and forthcoming crypto assets for storage only. We are making this announcement internally at Coinbase and to the public at the same time to remain transparent with our customers about support for future assets.” The team at Coinbase Custody also explained to their users that they might see public-facing APIs and other signs that indicate they are conducting engineering works to support these new digital assets. This however should not be an indication of 100% commitment of adding the digital assets and they would provide updates to their customers about the process and what to expect via their Twitter page. The addition of XRP to Coinbase Custody seems pretty unique because Coinbase does not currently list XRP on its exchange. You can store XRP in Coinbase Custody, but you can’t purchase XRP from the Coinbase exchange. Only one other asset, the OmiseGO (OMG) token, shares this characteristic. It seems that USDC stablecoin will also hit next the guarding branch of the crypto-leading firm - according to a Coinbase post. With the target towards institutional investors-custodian services, the project condition before a user or group/firm is welcomed as a user/client is a minimum virtual asset holding of $10 mil and a in-detail research process. Did Coinbase Troll Ripple? Coinbase Custody website appeares to be trolling Ripple with its XRP announcement. When announcing the addition of XRP to the Coinbase Custody service, Coinbase chose to use the logo for Ripple - which is different from the XRP logo. It’s also worth noting that the annoucement back in August listed did show the XRP logo instead of Ripples. Coinbase has used the firm’s logo and the XRP logo at different times. Although thi

2 months ago

What Is Tron? Introduction To TRX

What Is Tron? Tron (TRX) is a blockchain platform launched as the foundation for a decentralized entertainment ecosystem. Created by controversial figure Justin Sun, Tron focuses on expanding the market of decentralized digital content applications by making it easier to create and deploy them. The Tron mainnet launched Jun 2018, and the Tronix TRX is the proprietary cryptocurrency token of the Tron blockchain. Adoption of blockchain technology is limited in part because of the difficulty many developers face in learning to build from scratch on entirely new protocols. Tron is designed to ease this transition and therefore hasten the decentralization of existing platforms and creation of new dApps. Introduction To Tron And TRX Tron will work in the same way that other content networks work: creators produce content and consumers purchase it. Other applications can be built and leverage the same resources, and the value of TRX hinges in part on the execution of code within the Tron network. And it’s not just Tron bringing content and content creators to the blockchain - blockchain-based ecosystems like Steem and dApps like the Qtum-based Vevue, TaTaTu, and Binge want to streamline the content creation and payment system too. Not only that, but artists like Jay-Z and Jack White already launched their own services like Tidal to compete with third-party or industry-owned content-delivery platforms. Meanwhile the FCC dismantling Net Neutrality enhanced the war between content creators and distributors. Before exploring how Tron can disrupt the media landscape, let’s explore the performance of Tronix (TRX), Tron’s proprietary cryptocurrency token, on the crypto market. TRX Crypto Market Performance The peak price of TRX so far was $0.254791 on January 4, 2018. TRX began as an ERC-20 token on the Ethereum mainnet, but when the Tron mainnet launched in June 2018, the ERC-20 tokens were migrated to the native TRX coin at a 1:1 ratio. Tronix is used by consumers to pay for content, leaving content creators with a stake in its value. As of November 12, 2018, the circulating supply of Tronix is 65,748,111,645 TRX out of a total supply of 99,000,000,000. The Tron Foundation ran the Tron ICO token sale from August 31- September 2, 2017. Forty percent of the total token supply (approximately 40 billion) was sold, raising approximately $70 million worth of ETH and BTC. The remaining supply was withheld by the team for future distributions and to fund further project development and marketing efforts. Over $58 million worth of TRX is traded on a daily basis, making it one of the most traded cryptocurrencies on the market. Cryptocurrency exchanges that accept TRX include BitForex, OKEx, Binance, Huobi, Bit-Z, IDAX, DigiFinex, and Systemkoin. TRX trading pairs include ETH, BTC, and USDT. Tron wallets are community-developed and available for every OS, including desktop, web, and mobile. TRX is also supported by third-party cryptocurrency wallets like Trust Wallet, Ledger Wallet, and Freewallet Creating a New Media Ecosystem via P2P Tron TRX is one of many efforts seeking to leverage the peer-to-peer nature of modern networks in order to allow content creators and distributors direct access to their consumers. YouTube, iTunes, and other centralized distribution networks have a significant choke hold on the digital content market, creating a barrier for independent content producers seeking distribution channels. Various decentralized applications are planned for deployment on Tron to take advantage of the direct, peer-to-peer architecture of the network that eliminates the need for a middleman. One such application that has received a lot of attention is Gifto, created by Uplive, a highly influential and successful paid social media platform in Asia. Both streaming entertainment and content delivery are massive industries. The content delivery network market alone is predicted to reach $30 billion by 2022, while the entertainment industry as a whole will exceed $2 trillion in the same period. Most major shifts in Internet technologies have to do with either the delivery of content or the payment. The first iteration of the web was poor at facilitating value transactions.. With Web 2.0, we saw the introduction of secure payment channels and an advertising economy was born, which made use of personal data to sell more products. With Web 3.0, as Justin Sun views it, we have seen content economics arise that give centralized control to delivery mechanisms. Content presented by Facebook or YouTube is essentially owned by those entities. Through cryptocurrency, this situation can be disrupted, and content producers can own the actual content they create, while deliverers can still earn a reward for their service. A major step in this direction is the leveraging of blockchain to eliminate the need for centralized servers. When content delivery itself can be fully decentralized, the cost of that delivery can be reduced and new ec

2 months ago

EOS Centralization Reportedly in Action: Arbitrators Able to Reverse Transactions

A screenshot circulating on social media has revealed a decentralized blockchain protocol EOS practicing authority over its network. AUTI9003, a pseudonym on Reddit, posted a photograph which demonstrated arbitrators on the EOS network in action, reversing confirmed transactions. A so-called judge referred verses from the EOS blockchain’s so-called constitution to resolve a dispute between two account holders. The claimant accused an unidentified individual of possessing private keys to its EOS account via a phishing attempt. The user reached out to the EOS with his/her complaint and the network chose one Ben Gates as arbitrator to resolve it, under the management of another individual called Moti Tabulo. “Under the powers afforded to me as arbitrator under article 6 of the Rules of Dispute Resolution, I, Ben Gates, rules that the EOS account in dispute should be returned to the claimant with immediate effect and that the freeze over the assets within the said account is removed,” the ruling read. Not a Blockchain? The complaint-to-resolve structure, according to responders, was reminiscent of a conventional customer support model practiced by centralized organizations. Many argued that why a crypto user would find EOS better than any traditional legal system, given its high authority over the network. Whiteblock, a blockchain testing firm, for instance, found that EOS had fewer features of a decentralized blockchain and more that of a cloud computing service. According to them, the protocol lacks immutability, meaning authorities can change or modify data on the EOS blocks with minimal resistance. SOURCE: REDDIT The AUTI9003 thread likewise offered similar criticism but turned into an EOS-bashing event with some pseudonyms calling the project names. In the midst, an argument came from CarInABoxx also questioning the project over its scalability solutions. “Let’s say that 100 accounts get phished in an attack. Each of them creates a “case” on the EOS portal, each of them present evidence, the other party responds, then the EOS gods come to a decision,” the pseudonym assumed. “From this ruling it takes almost a month or more from freezing the account, hearing both sides, taking a decision.” EOS on Accusations “Decentralization is not what we are after,” said Daniel Larimer, the creator of the EOS protocol, in an interview to YouTube channel Colin Talks Crypto. The programmer drew a thin line between how a decentralization works and how it gets perceived. He referred to log scales while explaining how projects like Steem, BitShares, and EOS (all his own) are two-three times more decentralized than Bitcoin and Ethereum. A screenshot from the video: Source: Colin Talks Crypto The argument, whether its Bitcoin or EOS, remains about the possibility of block producers colluding with each other to govern a blockchain as though they are its masters. That indeed abandons the idea of having a censorship-resistant and stable financial system. The question that EOS could face nevertheless is why they would need to raise $4 billion to reinvent something that is already there. “4bn to invent the wheel again,” as someone quoted. The post EOS Centralization Reportedly in Action: Arbitrators Able to Reverse Transactions appeared first on NewsBTC.

2 months ago

Could Ethereum Survive Without Buterin?

Vitalik Buterin, the founder of Ethereum sat down with the MIT Technology Review in a recent interview at the recent Ethereum Developer Conference hosted in Prague, Czech Republic. In the interview, the founder explained why the network can only be truly decentralized after it stops looking to him for answers. The 24-year-old has been the unofficial ‘CEO’ of the Ethereum project since he proposed the creation of the network late in 2013. Nevertheless, he revealed to the MIT Technology Review, that it was time for him to start fading into the background to allow the community to grow to its full potential in a decentralised manner. This begs the question of whether Buterin is getting ready to leave Ethereum. During the interview, one Twitter user interpreted his words of fading away Buterin planning an exit strategy similar to how Dan Larimer has left several crypto and blockchain projects. As said by Ethereum World News, Larimer developed the blockchain technology of Graphene that powers BitShare and the Steem token, Larimer left the project to start Steemit after he founded BitShares in 2013. Then in 2017, he left Steemit and joined Block.one as it Chief Technology Officer and spearheaded a successful crowdfunding to create EOS and he is still the CTO at EOS to this day. In the tweet, he accused Buterin of planning his exit strategically and prompted his to reply and correct his theories. 1. I am not leaving. No plans to stop or reduce blog posts / ethresearch posts / github commits. 2. Vitalik is “in charge”: ETH is centralized! Vitalik is not “in charge”: Vitalik is pulling a Dan Larimer! This is why BTC maximalists have zero credibility. — Vitalik Non-giver of Ether (@VitalikButerin) November 2, 2018 As you can see from the above tweet, Buterin responded saying that he isn’t leaving the company and that he is ‘in charge’. But despite this confirmation from the founder of ETH it still makes you think whether Ethereum could survive without Buterin. What do you think? Let us know what you think down below in the comments! googletag.cmd.push(function() { googletag.display('div-gpt-ad-1538128067916-0'); }); The post Could Ethereum Survive Without Buterin? appeared first on Crypto Daily™.

2 months ago

Vitalik Rejects Rumors of Him Leaving the Ethereum (ETH) Project

The MIT Technology Review had a chance of interviewing Vitalik Buterin at the recently concluded Ethereum (ETH) Developer Conference that was hosted in Prague, Czech Republic. In the interview, Vitalik explained why the network can only be truly decentralized after it stopped depending on him. Buterin at 24, has been the unofficial ‘CEO’ of the Ethereum project since it he proposed the creation of the network late in 2013. However, he revealed to the MIT Technology Review, that it was time for him to start fading into the background to allow the community to grow to its full potential in a decentralized manner. Accusations Of Him Exiting From this interview, one twitter user interpreted his words of fading away as Vitalik planning an exit strategy similar to how Dan Larimer has left numerous crypto and blockchain projects. Dan Larimer developed the blockchain technology of Graphene that powers BitShares and the Steem token. After starting BitShares in 2013, Larimer left the project to start Steemit. He then left Steemit in March, 2017. After leaving Steemit, Larimer joined Block.one as its CTO and spearheading a successful crowdfunding to create EOS. He is still the Chief Technology Officer at EOS. The tweet accusing Vitalik of planning an exit strategy, prompted him to reply by debunking all theories that he is leaving the project in a manner similar to how Dan Larimer left BitShares and Steemit. 1. I am not leaving. No plans to stop or reduce blog posts / ethresearch posts / github commits.2. Vitalik is "in charge": ETH is centralized! Vitalik is not "in charge": Vitalik is pulling a Dan Larimer! This is why BTC maximalists have zero credibility. — Vitalik Non-giver of Ether (@VitalikButerin) November 2, 2018 Are We Really Ready for Vitalik Taking a Back Seat? The question on the minds of many Ethereum enthusiasts and developers, is to whether the Ethereum network can survive without Vitalik. One twitter user replied to the above tweet, by stating that our human psychology might not allow us to accept the departure of an inspiring leader. His exact tweet was as follows: The real issue is interesting tho. Are people really ready or really want decentralization? It looks like they want leaders, even if that undermines the core value of the system. They just want price action. Comparisons with the Tron Project and Justin Sun The CEO of Tron, Justin Sun, had planned to take a back seat in the Tron project after the Super Representatives had been elected to handle all issues pertaining to the network. However, in a move welcomed by many, Justin ran for, and won a spot as one of the 27 Super Representatives on the Tron Network. He also communicates with the Tron Community via twitter on a daily basis. By further dissecting Vitalik’s response to the tweet suggesting he is leaving, we see that he already has a plan to continue contributing to the project. What are your thoughts on Vitalik proposing a decentralized Ethereum network? Do you think the project can survive without him? Please let us know in the comment section below. [Image courtesy of the MIT Technology Review] Disclaimer: This article is not meant to give financial advice. Any additional opinion herein is purely the author’s and does not represent the opinion of Ethereum World News or any of its other writers. Please carry out your own research before investing in any of the numerous cryptocurrencies available. Thank you. The post Vitalik Rejects Rumors of Him Leaving the Ethereum (ETH) Project appeared first on Ethereum World News.

2 months ago

Are Decentralized Social Networks the Only Hope for Free Speech?

TL;DR The Internet has increasingly become a less tolerant place for radical ideas Large social media platforms like Facebook, Twitter, and YouTube enforce censorship based on protecting their users’ right not to feel ‘uncomfortable’ Decentralized social networks are the only possible solution to this problem. However, the current class of crypto platforms - Steemit, Minds, BitTube face significant challenges in convincing people to migrate away from these social media giants. Decentralized social networks will need to offer much more than the ability to express ideas freely. Over the past 10 years, the Internet as we know it has changed rapidly. What was once a free and unfiltered space for people to share radical ideas has now become commoditized and controlled. This is an unfortunate byproduct of a once-fringe technology becoming mainstream. This is not to say that we aren’t experiencing the best the Internet has to offer. It has never been easier to access unlimited quantities of information on any topic, connect with friends, earn degrees, and find jobs all through the click of a button and the help of the most advanced search algorithms ever produced. However, this progress has proven to be a double-edged sword, as the more comfortable people get with calling the Internet their ‘home’, the more uncomfortable they become when things they dislike intrude into that home. This phenomenon is no more evident than on social networks like Facebook, which has captured the loyalty of billions around the world due to its ability to allow us to personalize the Internet in ways that have never been done before. On Facebook, I get my own profile, I can create my own network of friends, receive my own tailored recommendations. I can earn validation the more I share my content, everything about it leads me to believe that the Internet is a vast cyber world built just for me. The same personalized features extend across virtually all social media platforms, creating a level of comfort that ensures that, as users, we remain glued to our screens for several hours a day. It’s easy to see how the constant push from Google, Facebook, and Twitter for more personalization and comfort over a span of 10 years has led people to believe the Internet should be a ‘safe space’, and that ideas you don’t agree with are somehow a threat to your existence. Worst of all, these same tech companies have now taken it upon themselves to be the arbiters of what is considered good or bad speech, censoring users with large followings simply for making a vocal minority feel uncomfortable. The word ‘responsibility’ is critical when assessing the case of free speech online. Depending on how one interprets that word, it shapes their opinions about the current climate of Internet censorship: Who is responsible for fake news? The publishers or the platform? If a fake news piece causes someone to act in a criminal way, who is responsible? Is it the fake news publisher? The platform? Or the person who reacted without first verifying if the news was true? Who is responsible for responding to an offensive joke? The platform? Or the person who deemed it offensive? How many people need to be offended by a post before the platform labels it offensive? A thousand? One hundred? One? The fundamental question of responsibility is what drives the current debate over Internet censorship. Yet the answers seem very clear when we consider how social media companies have worked to strip away the feeling of control people online once had to dictate who they could be, what they could consume and how they could react to it. Ultimately, the raw, anonymous, and unfiltered nature of millions of free people connected around the world has been suppressed for the sake of bringing mainstream access and increased profitability to Internet companies. Fortunately, blockchain technology is giving us a chance to hit the reset button on this grand cyber social experiment we call the Internet. New platforms like Steemit, Minds, and BitTube are emerging as decentralized alternatives to Facebook, Twitter, and YouTube. Their operating model is simple; a social network free of censorship, where users can monetize their content by earning cryptocurrencies when people upvote their posts. In many ways, these platforms aspire to take what we value most about our highly advanced social media apps while bringing us back to a time when interactions were peer to peer, anonymity was cherished, and corporations were unable to impose their will as intermediaries or advertisers. Unsurprisingly, many have jumped onto these platforms to discover better ways to earn a fair wage for the content they produce, escape the threat of data exploitation (as seen in the recent Cambridge Analytica scandal), or simply share ideas that may be deemed to be ‘unsafe’. After only 2 years, Steemit has acquired over 1 million users and is ranked as one of the top 1,500 websites on Alexa. Minds has been ar

3 months ago

PlusOneCoin Monetizes Financial Content Through a Cryptocurrency Model

Numerous different cryptocurrencies exist for no specific purpose. The team behind PlusOneCoin, on the other hand, has a simple yet noteworthy vision and use case in mind. Their new currency lets users upvote content on ADVFN and InvestorsHub. In a way, it will serve as a reward for users who access the content on either platform. The PlusOneCoin Project With several thousand cryptocurrencies on the market, adding one more wouldn’t necessarily make a difference. Unless that currency serves a specific purpose, it will not gain real traction. PlusOneCoin aims to be different in this regard. Its creators target two specific financial information platforms specifically. Both ADVFN and Investorshub are quite popular among their respective community members. Getting more users to interact with this content, has always been challenging. Financial data is often read and absorbed before users move on to the next topic. This is where PlusOneCoin comes into the picture. It lets users reward others who share their ideas and vision. In the long run, this will lead to a “more empowered community”, according to its creators. PlusOneCoin can be valuable to content providers and platform owners. Monetizing social media sites is one option to pursue. Secondly, it empowers the audience to affect the content they are consuming. Attributing a native currency to a media site remains a curiosity first and foremost. Publishers have explored numerous ways to monetize content to date. Cryptocurrencies do not play a big role just yet. The Concept Makes Initial Sense There is some initial merit to the PlusOneCoin idea. In the cryptocurrency world, social media plays an integral role. A lot of content is created and shared on a daily basis. In a lot of cases, creators do not get anything in return for their efforts. A currency like this can help address that situation moving forward. At the same time, a concept somewhat similar to this one already exists. Steemit is a platform where content creators can be rewarded by other users. It uses the native STEEM currency to achieve that goal. It is also a currency which has not been integrated into other platforms. That alone might give PlusOneCoin a competitive edge to bring this concept to the masses. Bridging the gap between social media and cryptocurrency will remain an ongoing process. PlusOneCoin may introduce some positive changes in this regard, assuming there is enough interest in this concept. Ideas like these confirm the cryptocurrency industry is still growing and evolving. If more platforms adopt PLUS1, the project can effectively transform the way content is monetized. What is your opinion on the PlusOneCoin project? Do you think a specific purpose will help it gain attention and support? Let us know in the comments. Images courtesy of ShutterStock The post PlusOneCoin Monetizes Financial Content Through a Cryptocurrency Model appeared first on Live Bitcoin News.

3 months ago

Stellar (XLM) Price Analysis: Another Reversal Pattern!

Stellar seems to be forming another reversal pattern, this time a head and shoulders formation on the 1-hour time frame. Price is currently testing the neckline of this formation and might be due for a break soon, confirming that a selloff is about to happen. The 100 SMA is above the longer-term 200 SMA, though, so the path of least resistance is to the upside. In other words, the uptrend is more likely to resume than to reverse. The 200 SMA dynamic support also lines up with the neckline to add to its strength as a floor. Then again, the gap between the moving averages is narrowing to indicate slowing bullish pressure and a possible downward crossover. A support break could lead to a slide that’s the same height as the head and shoulders, which spans 0.2400 to 0.2600. A bounce, on the other hand, could lead to another test of the highs at 0.2600. Stochastic has just pulled up after reaching oversold levels, indicating that buying pressure is returning. RSI also looks ready to move higher, also confirming that a rally might be in the cards. Stellar continues to make steady progress with adoption by Stellarport, Masmic Platform, Steem Anchor, and Pioneer, which is “an experiment in building an online game for productivity.” Stellarport recently introduced a number of new markets to trade as well: We’re introducing a BIG update today. Now, you can trade on many more markets on Stellarport - including non-XLM markets as well. Check out all the new markets:https://t.co/2uSQKDOYeA Read more about the new update:https://t.co/JeDwRMvE1Z — stellarport (@stellarportio) October 19, 2018 Masmic aims to build a platform that “could further the promise of cryptocurrencies to enable easy value transfer using the internet in the same way as information transfer/sharing over the internet is today.” The post Stellar (XLM) Price Analysis: Another Reversal Pattern! appeared first on Ethereum World News.

3 months ago

Stellar (XLM) on a Winning Streak while Accelerating Real-World Adoption

Stellar is continuously making gains even in the red market. Meanwhile, the adoption of the Stellar network is also on the rise with names like Stellarport, Masmic Platform, Steem Anchor, and Pioneering leveraging this 6th largest cryptocurrency. Stellar price making jumps Since last week, Stellar has made quite an impact as it surged 19 percent last week while a majority of the crypto market remained somewhat boring. At the time of writing, XLM has been trading at $0.2425 while being up by about 0.38 percent. The sixth largest cryptocurrency has a market cap of $4.6 billion while managing the daily trading volume of $39 million. Stellar 7-days price chart, Source: Coinmarketcap Stellarport announces new markets to trade StellarStellar wallet and decentralized trading client, Stellarport recently introduced a number of new markets. Their new update allows, “users to search through all markets on the SDEX and even create new ones.” We’re introducing a BIG update today. Now, you can trade on many more markets on Stellarport - including non-XLM markets as well. Check out all the new markets:https://t.co/2uSQKDOYeA Read more about the new update:https://t.co/JeDwRMvE1Z — stellarport (@stellarportio) October 19, 2018 This further allows one to create their own markets. You need to just add an order and “soon enough others will discover it too (it may take up to an hour though).” About 25k stellar airdrop announced by pioneer Launched in August, Pioneer is “an experiment in building an online game for productivity.” The project announced on Twitter: “Big news: winners of our upcoming October tournament will receive $6,000 in Stellar lumens (in addition to $5,000 in USD). It’s a cryptocurrency airdrop to the creative outsiders of the world.” We’re excited to support Pioneer in their mission of helping advance groundbreaking ideas from the creative outsiders of the world. https://t.co/OvtxasEND9 — Stellar (@StellarOrg) October 19, 2018 Stellar crypto for Masmic platform With the objective to build a platform that “ could further the promise of cryptocurrencies to enable easy value transfer using the internet in the same way as information transfer/sharing over the internet is today,” Masmic has been developed. As for why Stellar, the company shares, “Stellar Lumens is the only cryptocurrency which fulfilled all of our requirements. With TPS of 1000, extremely low transaction cost of 0.00001 XLM (XLM is currently priced at around $0.25) and tuning-incomplete smart contract capabilities, XLM became our natural choice.” Steem Anchor = Steem + Stellar Recently, Steem announced Steem Anchor which combines the technology from Steem and Stellar. Steem Anchor basically represents Steem and Steem Dollar (SBD) on the Stellar decentralized exchange. As for its working, on depositing STEEM and SBD through steemanchor.com, an equal amount of tethered assets are minted on the Stellar Network. These are then delivered to the Stellar account address. Tethered STEEM and SBD can be then traded and exchanges for any other assets available on Stellar Decentralized Exchange via Stellar Lumens (XLM). The post Stellar (XLM) on a Winning Streak while Accelerating Real-World Adoption appeared first on Coingape.

3 months ago

Electroneum Price Notes Steep Drop Despite eCommerce Push

Whereas most cryptocurrencies are starting to see some upward momentum, things are very different for Electroneum. While that is not entirely abnormal, the steep losses are piling up fairly quickly. It seems unlikely ETN will remain above $0.0205 for much longer, although altcoins have a tendency to move in mysterious ways. Electroneum Price Faces a big Setback When the altcoins are rising, one would often expect to see Electroneum on that list. In this particular case, that is not what is happening, even though there is still a chance the momentum turns around. This massive dip was not entirely expected, yet it seems ETN is not catching a break in either the USD or BTC department right now. More specifically, the altcoin has lost over 8.5% in USD value over the past 24 hours. Combined with a net loss of 7.5% in the BTC department, things are not looking all that great for Electroneum at this time. The overall trading volume is not looking all that healthy either, primarily because the relatively low trading volume of under $1.5m seems to indicate not too many people are interested in buying or selling ETN at this time. Some of the activity across social media seems to contradict this latter aspect. More specifically, @CryptoDailyy on twitter claims he bought 105,5000 ETN at this low price. He remains confident there will be a healthy 25% increase fairly soon, although the current momentum seems to indicate that might not be the case at this time. Just bought 105,000 #ETN more at 321 sats, as RSI & MACD already low. High chances that it will cross 400 sats this time. Get ready for the profit guys #electroneum #etn — Crypto Daily (@CryptoDailyy) October 17, 2018 Crypto Steem Man also remains pretty bullish on Electroneum despite the current price action. He is one of the people who tend to accumulate when prices dip for no apparent reason, which can be a very prominent trading strategy during the year 2018. For now, reaching 400 Satoshi or more will be very difficult, although anything is possible in this industry. We still looking great folks At these prices imma keep accumulating We going all the way #ETN#Electroneum#BTCdoingalittlesometing#tothemoon pic.twitter.com/lFvHZYZ5hZ — Crypto Steem Man (@CryptoSteemMan) October 17, 2018 There is some positive news that could send Electroneum in the green again fairly soon. The launch of ETN Commerce, a community package of free software for professional eCommerce, could ensure mass adoption of this altcoin occurs a lot sooner than originally expected. It has been challenging for altcoins to gain ecommerce traction, but an effort in this regard can be a game changer. A short introduction of ETNCommerce - #ETN @electroneum https://t.co/GENNdWFD76 — ETNCommerce (@etncommerce) October 17, 2018 Based on the current circumstances, it seems the Electroneum price will remain in the red for quite some time. At the same time, the low trading volume can send the market in either direction, and an uptrend is not entirely out of the question either. For ETN speculators, the coming hours can yield some interesting surprises, although it remains to be seen if this will result in any lasting changes. The post Electroneum Price Notes Steep Drop Despite eCommerce Push appeared first on NullTX.

3 months ago

Tether: Lower Price May Signal Switch To Regulated Stablecoins

Tether (USDT) dropped on Monday to $0.95 for the first time since May 2017, losing nearly 3% as daily trading volume spiked to $5 billion. USDT’s loss is noteworthy given that Monday’s rally saw a wave of green on CoinMarketCap, representing gains for most cryptos. Since Sunday, cryptocurrencies have surged nearly $13 billion in market capitalization led by Bitcoin 6%), Ethereum (6.44%) and Ripple (7.45%). Tether’s all-time low was $0.91 back in April 2017. It’s supposed to be pegged 1:1 with the U.S. dollar but concerns remain over transparency and proof of reserves. Tether is among four cryptos in the top 50 that lost value in early Monday trading, joining Ox (-3.14%), Lisk (-1.24%) and Steem (-0.72%). Since Oct. 6, Tether’s market cap has lost $400 million, decreasing from $2.8 billion to $2.4 billion. Last month, Singapore-based exchange DigiFinex listed a regulated stablecoin, TrueUSD (TUSD), after stating on its website that TUSD’s fiat reserves and periodic auditing make it safer than Tether. DigiFinex (like other exchanges) has recently listed other regulated coins that are tied to the dollar. These include USD Coin (USDC), Gemini Dollar (GUSD) and Paxos (PAX). Circle.com, which unveiled USD Coin, is backed by Goldman Sachs, Chinese mining giant Bitmain and other big investors, reflecting growing acceptance of tokenized sovereign currencies. Tether’s trend could signal investors’ preference for moving funds towards (what are perceived to be safer) regulated and audited coins. TrueUSD and others (mentioned above) are periodically audited by independent accounting firms. Regulated Stablecoins Rise In Value While these coins are supposed to mimic the dollar in price, they surged in value during Monday’s rally. If investors continue to trade Tether for other cryptos and stablecoins, that could lead to uptick in prices for these tokens at the expense of USDT. As of press time TrueUSD (TUSD), which is the only other stablecoin in crypto’s top 100, surged to $1.07 with its highest ever 24-hour trading volume of $57 million and market cap of $144 million. TrustToken, a regulated money services business with U.S. treasury, launched TrueUSD in early 2018. It’s also the first U.S. regulated stablecoin. Similar coins increased as well. Gemini dollar (GUSD) rose 3% to $1.04 while USD Coin (USDC) surged 8% to $1.09. Paxos increased by nearly 4% to $1.06. TrueUSD currently trades on more than 30 exchanges around the world. The venture raised $20 million from investing powerhouse Andreessen-Horowitz. Its mission is to tokenize physical assets such as real estate, cars, artwork and commodities. People should use TruseUSD because it’s the “world’s first stable coin company which receives the MSB license from U.S. regulators,” according to DigiFinex in a Sept. 14 blog. “The owner of TUSD is the beneficiary of the funds in the account. The fund can be converted into US dollars by wire transfer or other channels.” The Singapore-based exchange added that “third-party accounting firm (Cohen & Co.) will periodically audit the US dollar in the escrow account, which is used as the guarantee for TUSD. It will publish the verification of audit result as well.” The author holds digital assets, but none mentioned in this article. The post Tether: Lower Price May Signal Switch To Regulated Stablecoins appeared first on Crypto Briefing.

3 months ago

Bitcoin & Cryptos Win the Fight against Bears But Lose against Stock Market Madness

Greens are back as Bitcoin rises to $6,325 while Digitex Futures, Steem, and Tron lead the crypto gains. Crypto market fell down in tandem with the stock market crash and now both are recovering. This has now raised the notion that cryptos might not work as a hedge when stock market erupts in madness. Greens back in the crypto market Bitcoin is in the green by about 0.14 percent at $6,325. After dropping to about $6,200 level but saved by the $6k mark, it is yet again crawling upwards. The world’s leading cryptocurrency’s daily trading volume has now dropped down to $3.3 billion while having a market cap of $109 billion. Bitcoin 5-days price chart, Source: TradingView In tandem with Bitcoin, altcoins are also recovering. Tron (TRX) is the top gainer among the top cryptocurrencies with over 7.38 percent gains. Digitex Futures (DGTX) is the biggest gainer with 59.30 percent while with 8.54 percent gains Steem is making a good recovery. To 11 cryptos, Source: Coinmarketcap Global stock market madness spilled into crypto, Bitcoin- No safe haven? It all started when the day before yesterday, the global stock market took a severe hit. Yesterday has been a turbulent day that took S&P, Nasdaq, tech stocks, Asian market, and even currencies down. This raised the hopes of the crypto enthusiasts to see the money flow from the mainstream market into the crypto as the crypto trader and analyst Alex Kruger had shared: “A BTC breakout today, in a day when stocks and bonds are getting crushed, would be noticed by the whole world and would be very bullish. Waiting.” However, cryptocurrencies lost in tandem with the stock market. To which Kruger shared, “Treasuries and Gold are two assets widely used as portfolio hedges. Correlations with stocks broke down in 2018. Hence, in the event of a market crash, portfolios may suffer losses both from the stocks side and the hedge side. Forcing PMs to sell assets, accelerating a crash.” A couple of months back, Matt Hougan, vice president of research and development at Bitwise Asset Management Inc had shared with Bloomberg, “Non-correlation is not the same as inverse correlation so there’s no guarantee that when the market goes down crypto will go up. Over the long term, we think the fundamental drivers of crypto are different from the fundamental driver of equities and other assets, and we would expect the low correlation to persist.” However, as the founder of Adamant Capital, Tuur Demeester shared on twitter: 50-day correlation between Bitcoin & Global Stock Market Index: since 2017 noticeably positive. One could argue that the market currently sees Bitcoin as a risk-on asset (unless of course stocks are rallying because of a flight-to-quality away from bonds). pic.twitter.com/HvjW1umLJ5 — Tuur Demeester (@TuurDemeester) October 12, 2018 Now, today crypto market starts making recover and US stock market has also rebounded where S&P 500 ends 1.4% higher, Nasdaq gains 2.3% and tech stock enjoyed the bounce back as well. Now, this has brought forth the notion that crypto won’t be getting the limelight when traditional markets begin to fall. I completely disagree with this “crypto will really shine when traditional markets crash” notion. People don’t rush into the riskiest assets when everything else is dropping and they are panicking, quite the opposite. — El Whale (@K1llerWh4le) October 11, 2018 To which, popular crypto trader, Crypto Squeeze agreed with. However, it could also be argued that Bitcoin hasn’t been in a position to spike yet as it recorded low trading volume. Do you think in future as the stock market will crash, Bitcoin and cryptocurrencies will be seen as an alternative option of investment? Share your thoughts with us by commenting below! The post Bitcoin & Cryptos Win the Fight against Bears But Lose against Stock Market Madness appeared first on Coingape.

3 months ago

Steem Price Surpasses $0.85 Once Again

There are some interesting things happened in the world of altcoin trading. As of right now, the Bitcoin price is still stuck in sideways momentum, but things might change fairly soon. The Steem price, for example, shows things can get pretty interesting with very little trading volume. There is a nice uptick which pushes the Steem price above $0.85 again. Steem Price is Making Big Moves It doesn’t happen all that often people look at Steem as an altcoin worth speculating on. That is not because the currency has no merit, but primarily because it has become a utility currency, which does not necessarily introduce a speculative element. Even so, there are those who expect big things to happen in the form of Steem, albeit the trading volume has always been pretty lackluster. Over the past 24 hours, the Steem price has noted a strong 8.5% gain. This is evident across both of the USD and BTC pairs, which is pretty interesting. Especially when considering how things are not looking great for Bitcoin and most of the top altcoins, and Steem might still face a pretty big setback in the coming hours. Speaking of Steem technical analysis, there is an interesting trend forming as of right now. Bitcoins and Gravy seems to indicate a new major move is on the horizon, albeit it remains to be seen what the future will hold in this regard. All cryptocurrencies should see a rebound sooner or later, but when it may happen, is anybody’s guess at this time. STEEM Technical Analysis: CONSOLIDATING BEFORE NEXT MOVE https://t.co/GgFb71PVOg #YouTube #Dtube #Steem #cryptocurrency #cryptotrading #daytrading #investing #investors #WallStreet #onlinecourses #tutorials #DIY @workin2005 @ObamasMentors — Bitcoins and Gravy (@BitcoinsNGravy) October 13, 2018 Some users are also advocating for getting more people to work with Steemit, rather than stick to traditional means. Although that is a pretty interesting idea, there is not necessarily a big incentive for users to do so. Especially those who write as a full-time job, the earnings from Steemit can be very hit-and-miss. Even so, over $5.8m worth of rewards have been issued to the #blog tag alone in under three years. WANTED: More #Bloggers #Writers & #Photographers to come join us on @Steemit. Did you know that >$5,800,000 worth of #STEEM rewards have been distributed to the tag #Blog in the #Steemit Community since it was created back in March 2016?#blockchain #blogger #money #JoinSteemit pic.twitter.com/sSrCRp6sw6 — Stephen P Kendal (@StephenPKendal) October 13, 2018 One particular individual potentially joining the Steemit ranks is none other than John McAfee. He is a big advocate of freedom of speech, something one doesn’t achieve by using traditional social networks these days. As such, Steemit may prove to be an interesting solution, depending on how people tend to look at these things. It seems unlikely McAfee will suddenly begin hyping Steemit, but one never knows what the future holds. You guys need to #joinsteemit @SteemNetwork @steemit ,runs on #steem #blockchain ,zero transaction fees,3 secs confirmations...! This is not a promotion folks....But can help you all #Crypto #Decentralization folks Detailed info belowhttps://t.co/m1HkytWjG8 — Jarau Moses (@JarauMoses) October 13, 2018 One worrisome aspect is how Steem is unsuccessful in generating a decent trading volume. After all, just $1.85m in trades during an 8.5% gain is pretty difficult to explain, let alone ensuring it remains in place. Even so, there appears to be a growing genuine interest in the Steemit platform, which will also have an impact on the Steem price accordingly in the future. The post Steem Price Surpasses $0.85 Once Again appeared first on NullTX.

3 months ago

Steem Use-a-Thon by Byteball - Winners Announcement (and LOT...

Steem Use-a-Thon by Byteball - Winners Announcement (and LOTS of great analysis of submissions from the Byteball Co… https://t.co/jjNJZkMQzE

3 months ago

5 Ways to Earn STEEM on Steemit.com?

What is Steemit? Steemit is a social network and blogging platform that is built on the STEEM blockchain. The platform is very similar in concept to Reddit, but one major difference would be that users are rewarded with STEEM and the STEEM Backed Dollar cryptocurrencies for posting their content on any number of topics. The The post 5 Ways to Earn STEEM on Steemit.com? appeared first on Coindoo - Crypto News and Reviews....

3 months ago

5 Ways to Earn STEEM on Steemit.com

What is Steemit? Steemit is a social network and blogging platform that is built on the STEEM blockchain. The platform is very similar in concept to Reddit, but one major difference would be that users are rewarded with STEEM and the STEEM Backed Dollar cryptocurrencies for posting their content on any number of topics. The The post 5 Ways to Earn STEEM on Steemit.com appeared first on Coindoo - Crypto News and Reviews....

3 months ago

Pivot, Binance's 'Reddit of Crypto' Launches, Bogged Down by Spam and Plagiarism

Binance gave startup funding to a cryptocurrency news company called pivot (at www.pivot.one), with the aim of making it inform users, entertain them and promote cryptocurrency news and developments. Pivot was designed to have the appeal and community participation, just like Reddit. To entice participating users, the site rewarded content creators with Bitcoin and the native PVT tokens. However, this rewards mechanism was soon taken advantage of, with users plagiarizing the news articles from hardworking news sites, and others spamming the community with worthless information. It quickly took the direction of Steem, with bots and real users adopting the 'follow me' model. At the moment, solid content moderators are needed badly, if the situation is to turn around. (KE)

3 months ago

@singularity_net @aigents @ethereum Thanks for featuring us!...

@singularity_net @aigents @ethereum Thanks for featuring us! A correction: It's actually the Steem blockchain — not... https://t.co/aYKCQBjRGu...

3 months ago

Litecoin Price Gains Traction amid Merchant Adoption Push

Litecoin Price Gains Traction amid Merchant Adoption Push Steem (STEEM) went through a 31% pre-hardfork spike at the start of the week in the run up to Hardfork 20 (HF20), codenamed Velocity. Much, but not all, of those gains have been wiped out over the last day or so as the STEEM market corrected itself...

4 months ago


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