PoW! Bitcoin Market Update
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SHOW NOTES with table and links for metrics available http://bitcoinandmarkets.com/p014
Thanks for listening!
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My initial reaction to bcash fork was thank God we are rid of the megablockers. Bitcoin is free.
Tax implications, BTC + BCC for tax purposes.
KYC concerns. Exchanges will know where your cold storage real bitcoin is, too. Until there's a better way to sell, like bitsquare or localbitcoins, I won't.
Bitch coin - It has come and gone. It was a non-event in my mind. The biggest thing it did was invalidate a lot of Technical Analysis.
Overall, bcash is a centralized coin. 10s of nodes on AWS, only a few miners.
Bitcoin gets it's value from decentralization and censorship resistance. That's what makes it a good store of value and form of money.
Coinmarketcap.com's traffic exceeded FT
https://www.reddit.com/r/Bitcoin/comments/6r4864/coinmarketcap_has_more_traffic_than_ftcom/?st=J5V9M6I0&sh=9ecb5bc6
Great point by Peter Todd, miners aren't in charge in bcash either, so slow blocks won't be the cause of failure.
https://twitter.com/petertoddbtc/status/893052242470866944
Poloniex went down and people were getting worried. They've come back from what I can tell. No big altcoin massacre happened, which is suprising.
Everyone was looking at bitcoin and bcash.
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Music by Joakim Karud
