TechCrunch founder, Michael Arrington, is all in on cryptos.
Arrington said “In the last several months, I’ve gone from crypto enthusiast to 100 percent crypto. I’ve only been looking at crypto deals. This is what I think I’ll be doing the rest of my career.” Arrington thinks the $300 billion crypto market is only the beginning stating, “I seriously think that we’ll be in the trillions next year, and that we’ll start to see institutional money,” he continued. “I think next year you’ll see significant gains.”
The Bitcoin Diamond hard fork will occur at block 495,866 which will happen around November 25, 2017. BCD will use an optimized x13 algorithm for GPU mining as well as increase the blocksize to 8 MB.
The CME plans to have BTC futures ready by the end of 2017. Bitcoin futures being listed on the CME will put Bitcoin in front of alot more big money investors.
Bitcoin Cash is set to be hard forked in November 2017. The BCH hard fork will attempt to reverse the emergency difficulty adjustment (EDA) rule which was used to attract miners to the Bitcoin Cash network. A new algorithm would be put in its place that would adjust every 600 seconds, based on the amount of computing power that was provided to the network over the previous 144 blocks. Check out the video to learn more.
Bitcoin Silver (BTSI) is another proposed hard fork of Bitcoin. Bitcoin Silver implements a new PoW algorithm, Equihash, with a 30 second block time. The fork is planned for some time in December. Bitcoin Silver is very similar to Bitcoin Gold with a change in block time to 30 seconds.
The official Bitcoin Gold website is down due to a DDOS attack. The BTG team says the website is receiving 10M requests per minute and says they are working to get the website back up.
Bittrex will not initially be opening a trade market because of the issues Bitcoin Gold has. Bittrex says
“At this time, the information and codebase presented by the Bitcoin Gold team is not in a functional state and Bittrex will not commit to opening a Bitcoin Gold trading market.
Bitcoin Gold intends to perform a wallet balance snapshot at Bitcoin block 491,407 but the actual Bitcoin Gold network will launch publicly at a later undetermined date and time (the only guidance is the statement “after the launch on Nov 1”).
Bitcoin Gold does not currently have:
Fully formed consensus code
Implemented replay protection
Adequate code for testing and auditing
Publicly known code developers
Bitcoin Gold codebase also contains a private premine of 8,000 blocks (100,000 BTG). Please be aware that if a market does open there is a possibility of the developers selling their premined BTG on the open market.
When considering adding tokens to Bittrex exchange we look at the risks involved. Bitcoin Gold does not satisfy our criteria for safety for our users. Taking a snapshot of the Bittrex exchange Bitcoin wallet is also a large disruptive undertaking that requires over 24 hours of preparation (Bitcoin deposits and withdrawals are also suspended during this time) and should not be taken lightly.
Bittrex will close deposits and withdrawals of Bitcoin 24 hours prior at block 491,263 to the BTG snapshot block 491,407 occurring approximately on October 23, 11pm PT (6am UTC). If any BTC deposits you had sent to Bittrex are not settled (e.g. marked as pending) by block 491,263 you may not be credited with BTG. The wallet will remain closed until the on-exchange snapshot is complete. Trading will remain active during this time.
Bittrex will make all reasonable attempts to credit our users BTG but until we have a fully supported wallet, we can neither guarantee tokens or consider creating a market. We will continue to monitor the state of the codebase and network. We’d also like to encourage the BTG development team to reach out to us.”
