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Vitalik Puts an End to Leaving Ethereum Speculations

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Ethereum
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At the recently hosted Ethereum (ETH) Developer Conference hosted in Prague, MIT Technology Review had the chance to interview Vitalik Buterin. Vitalik explained in the interview the reasons why the network can only be decentralized after it ended relying upon him.

Vitalik Buterin was the unofficial “CEO” of the Ethereum project only at 24 and he is the one who proposed the creation of the project in 2013. Still, he revealed that he needs to go a bit in the shadow. The reason, to let the community grow at his potential in a more decentralized manner.

Accused of exiting the project

From this interview, a Twitter user elucidated that does “fading away” words, seemed like a good strategy of exit. Very similar to Dan Larimer, who left many crypto and blockchain projects in past.

Furthermore, Dan Larimer developed the technology behind of Graphene who’s powering Steem token and Bitshares. In 2013 after he started BitShares, he closely left to start Steemit. And not too far in March 2017, he left Steemit. After this one, he joined Block.one being the CTO where he had successful crowdfunding to create EOS. Dan remained the CTO (Chief Technology Officer) at EOS.

The famous tweet accusing Vitalik of his plan of existing came with a fast response right from him. In this way he debunked all the theories of him leaving.

Will Vitalik take a Back Seat?

A question that is hunting many Ethereum enthusiasts and developers, if the network can survive without Vitalik.    However, another Twitter user replied to the above tweet. He declared that human psychology might not accept this simple fact that an inspiring leader can leave.

Discrimination between Justin Sun and Tron Project

Justin Sun, the CEO of Tron, planned to sit back from the Tron project. This happened when the Super Representatives were elected to take care of all the bugs connected to the network. Still, in a smart move greeted by many, he ran and won. He took one of the 27th seats of the Super Representatives of the Tron network. Moreover, he communicates with this community through Twitter each day.

While we are dissecting Vitalik’s response to the tweet, he’s working on his plan to contribute to the project.

What are your thoughts regarding Vitalik’s idea of decentralized Ethereum network? Do you believe that Ethereum can survive without Him? Leave your thoughts in the comment section right below.

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Disclaimer: This article should not be taken as, and is not intended to provide, investment advice. Global Coin Report and/or its affiliates, employees, writers, and subcontractors are cryptocurrency investors and from time to time may or may not have holdings in some of the coins or tokens they cover. Please conduct your own thorough research before investing in any cryptocurrency and read our full disclaimer.

Image Courtesy of Pixabay.

Altcoins

Cryptocurrency Collateralized Debt Positions Are Growing in Popularity

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collateralized debt position
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While Bitcoin (BTC) continues to hover around the magical 10,000 price level, altcoins continue to fight an uphill battle.  Simply put, hopes of a future bull run continue to diminish as Bitcoin maintains its dominance.  One school of thought is that a few altcoins will survive and flourish, but which ones are anyone’s guess.  That being said, it’s hard to go wrong picking against the top coins like Ethereum (ETH), Ripple (XRP), Litecoin (LTC), and EOS.  These projects have managed to find a foothold in the market and have a better chance than most of staying there.  While traders wait for their positions to increase in value, one opportunity that may be worth looking at is initiating a collateralized debt position.

What is a Cryptocurrency CDP?

In traditional terms, a CDP is essentially putting up collateral in order to receive a loan against the deposited amount.  There are several examples of this in our day to day lives.  Auto title loans from large companies like TitleMax are extremely popular with consumers.  Consumers are essentially able to use their car as collateral in exchange for a cash payment which can then be used for whatever needs the consumer has.  The consumer can continue using their car as long as debt payments are made.

The same concept applies to cryptocurrency CDPs.  Consumers are able to put up crypto tokens, such as…

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Altcoins

Hodium Presents a Compelling Opportunity for Outsized Investment Returns

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Hodium
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I’m sure all of us remember the cryptocurrency glory days of 2017 and early 2018.  It was one of the biggest bull runs in history and created incredibly wealth for quite a few early entrants.  Unfortunately, for most of us, those gains have most likely been wiped out during the altcoin apocalypse.  The truth is that traders probably thought a bit too highly of their trading abilities when the reality was that anyone could have thrown a dart at a board and ended up making money.

As markets mature (and the crypto market is definitely maturing) it becomes more and more difficult to generate alpha.  In that regard, it’s similar to traditional financial markets.  I can remember trading during my high school days.  It was the late 90s and right in the middle of the dot.com boom.  Eventually, however, the euphoria fades away and reality hits hard.  Now, it’s become rather difficult to actually trade profitably which has given way to the rise of hedge funds.

Hedge funds are investment funds that pool capital from accredited and/or institutional investors and invest in a variety of assets, often with extremely complex portfolio-construction and risk management techniques.  The professionals employed by hedge funds are the best of the best and have spent years honing their craft.  That is why they’re able to make the millions of dollars that they normally…

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Altcoins

KaratGold Proves Its Business Model By Providing Official Documents

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There has been a lot of renewed enthusiasm in the cryptocurrency market thanks mainly to Bitcoin’s strong move about 10,000.  Although Bitcoin continues to show its dominance, the altcoin market has yet to benefit from that rally.  A few of the largest altcoins remain popular but the rest of the market continues to lag behind.  In 2018, there was a lot of talk regarding a possible altcoin apocalypse where only the strong would survive.  That prediction appears to be playing out as expected.  Going forward, only the best projects that have a real world need will survive.  Crypto traders will have to spend a lot of their time doing proper research in order to find the best opportunities, just like in all financial markets.  One promising project that appears to have the makings of a future winner is KaratGold Coin.

KaratGold Background

KaratGold Coin is a cryptocurrency developed by the reputable German company Karatbars International, which maintains a leading position in the market of small gold items and investments. The project is part of a larger ecosystem, which involves several blockchain solutions that can be used for transactions, communication, investing and other tasks. During the past few weeks, however, the KaratGold ecosystem has been a target of unsavory scam allegations.  

Karatbars International and GSB Gold Standard Banking Corporation…

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