This Week’s Winners and Losers in Crypto
Big week in crypto! Banks going down causing BTC to go up. Alts (sort of) following suit. But who are the biggest winners and losers for the week? Biggest Winner(s): Arbitrum Airdrop Participants Thursday was a big day for those eligible for the coveted Arbitrum airdrop, but there were bumps along the way. The claim site was down from almost moments when it went live, and was nearly inaccessible for hours. However, after the dust settled, the price hovered above what estimates predicted (>$1)...
Post FTX: Bananas In The Bahamas
FTX’s spectacular implosion sent ripples which was felt by all through the cryptoverse, but has also hit the people of the Bahamas, where FTX was headquartered. According to a report in the WSJ, the island nation initially welcomed FTX with it’s lax and favorable crypto laws and eventually the locals became the supporting cast for FTX employees. Catering, security, transportation, event planning, logistics and many more services were required and the locals began taking up these jobs, creatin...
STOCK Act Gets Busted
Nancy Pelosi might not be too keen on the reformation bubbling up in her backyard. On Thursday, a new framework was released to change the policy known as the STOCK Act, aka "Stop Trading on Congressional Knowledge", which puts the onus on congressional and government leaders to disclose stock and asset purchases, in order keep transparency with the public. Historically, there have been quite a few calls on leaders to stop purchasing stocks because of the potential of insider knowledge on upc...
<100 subscribers
This Week’s Winners and Losers in Crypto
Big week in crypto! Banks going down causing BTC to go up. Alts (sort of) following suit. But who are the biggest winners and losers for the week? Biggest Winner(s): Arbitrum Airdrop Participants Thursday was a big day for those eligible for the coveted Arbitrum airdrop, but there were bumps along the way. The claim site was down from almost moments when it went live, and was nearly inaccessible for hours. However, after the dust settled, the price hovered above what estimates predicted (>$1)...
Post FTX: Bananas In The Bahamas
FTX’s spectacular implosion sent ripples which was felt by all through the cryptoverse, but has also hit the people of the Bahamas, where FTX was headquartered. According to a report in the WSJ, the island nation initially welcomed FTX with it’s lax and favorable crypto laws and eventually the locals became the supporting cast for FTX employees. Catering, security, transportation, event planning, logistics and many more services were required and the locals began taking up these jobs, creatin...
STOCK Act Gets Busted
Nancy Pelosi might not be too keen on the reformation bubbling up in her backyard. On Thursday, a new framework was released to change the policy known as the STOCK Act, aka "Stop Trading on Congressional Knowledge", which puts the onus on congressional and government leaders to disclose stock and asset purchases, in order keep transparency with the public. Historically, there have been quite a few calls on leaders to stop purchasing stocks because of the potential of insider knowledge on upc...
Share Dialog
Share Dialog
With The Merge on its' way, there are a group of users who are wondering how they will survive this event: Ethereum POW miners. Currently, POW (proof of work) miners make quite a bit of ETH with their powerful crypto-solving machines. However, The Merge will introduce POS (proof of stake) where node operators will be required to deposit 32 ETH in order to be eligible to become network validators. This will inevitably decrease the amount of incoming transaction fees that miners have been enjoying thus far. Coinbase has responded to these outcries and will investigate possibly creating a fork in order for POW miners to keep plying their trade.
Say what?! So because efficiencies and improvements are reducing the amount of income for miners, a fork of Ethereum is the best solution?? What about the dwindling profession of coal mining? Their jobs have been reduced decade over decade due to advancements in renewable energy sources. Should society push for a new way to use coal so their industry can flourish again? It's time for POW miners to see the inevitable here. Can't just force an "outdated" and power-hungry method of validation to continue for a lame reason like that...
Written by: nikethereum.eth / Medium / Mirror
With The Merge on its' way, there are a group of users who are wondering how they will survive this event: Ethereum POW miners. Currently, POW (proof of work) miners make quite a bit of ETH with their powerful crypto-solving machines. However, The Merge will introduce POS (proof of stake) where node operators will be required to deposit 32 ETH in order to be eligible to become network validators. This will inevitably decrease the amount of incoming transaction fees that miners have been enjoying thus far. Coinbase has responded to these outcries and will investigate possibly creating a fork in order for POW miners to keep plying their trade.
Say what?! So because efficiencies and improvements are reducing the amount of income for miners, a fork of Ethereum is the best solution?? What about the dwindling profession of coal mining? Their jobs have been reduced decade over decade due to advancements in renewable energy sources. Should society push for a new way to use coal so their industry can flourish again? It's time for POW miners to see the inevitable here. Can't just force an "outdated" and power-hungry method of validation to continue for a lame reason like that...
Written by: nikethereum.eth / Medium / Mirror
No comments yet