\n\n\u003cp>Some best practises:\u003c/p>\n\n\u003cul>\n\u003cli>use at least 200,000 of gas.\u003c/li>\n\u003cli>use only lowercase addresses (\u003ca href=\"https://convertcase.net/\">https://convertcase.net/\u003c/a>)\u003c/li>\n\u003c/ul>\n\n\u003chr/>\n\n\u003cp>Edit:\u003c/p>\n\n\u003cp>If your tokens are in a Contract Wallet, we prepared a walk-through to retrieve your ETC: \u003ca href=\"https://blog.bity.com/2016/08/31/using-whetcwithdraw-from-a-mist-contract/\">https://blog.bity.com/2016/08/31/using-whetcwithdraw-from-a-mist-contract/\u003c/a>\u003c/p>","image":{"height":900,"width":1600,"url":"https://i.redditmedia.com/E7_SSfID_v5k2fciDhjCOqTpRlLeGbLQQ7OPiqiTFFw.jpg?s=cb2b7d4b552ed4690d6b18fb484dd210","_id":"670e9703be1845f5b90248b1"},"hasGhosts":true,"origin":"in r/ethereum","type":"rpost","__at":"2024-10-15T16:23:31.428Z","boosted":false,"safeId":"t3_50chp0","icon":"reddit"},"pwr_1566488017007":{"original":{},"title":"Infura [launches](https://medium.com/@wuehler/say-hello-to-infura-a64f40c6f5e), a high transaction throughput back-end for Ethereum and IPFS.","author":"ZeroTricks","replies":[],"directReplies":[],"upvotes":1,"indicators":[],"topics":[],"context":{},"gotReplies":false,"pinned":{},"editorializers":{},"parents":[],"referrals":[],"_id":"pwr_1566488017007","channel":[],"replyTo":"medium.com/@wuehler/say-hello-to-infura-a64f40c6f5e","source":"pwr.news","time":1566488017007,"totalUpvotes":0,"score":0,"nReplies":0,"type":"editorializer","first":null,"__at":"2024-10-15T16:23:31.428Z","safeId":"pwr_1566488017007","html":"","origin":"pwr.news"},"pwr_1679659026095":{"original":{},"title":"The Whitehat Withdraw contract [gets deployed](https://www.reddit.com/r/ethereum/comments/50chp0/whitehat_withdraw_contract_is_deployed_at/), with 4,171,615 ETC available to DAO token holders.","author":"ZeroTricks","replies":[],"directReplies":[],"upvotes":1,"indicators":[],"topics":[],"context":{},"gotReplies":false,"pinned":{},"editorializers":{},"parents":[],"referrals":[],"_id":"pwr_1679659026095","added":"2023-03-24T11:59:30.119Z","first":1679659026095,"replyTo":"t3_50chp0","source":"pwr.news","time":1679659026095,"timely":true,"updates":1,"nReplies":0,"type":"editorializer","__at":"2024-10-15T16:23:31.428Z","boosted":false,"safeId":"pwr_1679659026095","html":"","origin":"pwr.news"},"1172137472605741056":{"original":{"full_text":"The 16th largest bank in the world just issued a $20m bond & settled it on Ethereum\n\nIn the words of a bank executive: \n\n“I think it’s becoming apparent that ethereum is just part of the internet.”\n\nThe internet of money\n\n🚀","display_text_range":[0,227],"entities":{"user_mentions":[],"urls":[]},"source":"\u003ca href=\"https://mobile.twitter.com\" rel=\"nofollow\">Twitter Web App\u003c/a>","user":{"id_str":"14571055","name":"Ryan Sean Adams","screen_name":"RyanSAdams","location":"Charlottesville, VA","description":"Crypto investor. Level up your crypto finance game thru my Bankless program https://t.co/zlFVFkW1lt. Founder of Mythos https://t.co/COpG9Iyt3N.","url":"https://t.co/vwDE7rLP9H","entities":{"url":{"urls":[{"url":"https://t.co/vwDE7rLP9H","expanded_url":"http://www.linkedin.com/in/ryansadams","display_url":"linkedin.com/in/ryansadams","indices":[0,23]}]},"description":{"urls":[{"url":"https://t.co/zlFVFkW1lt","expanded_url":"https://bankless.substack.com","display_url":"bankless.substack.com","indices":[76,99]},{"url":"https://t.co/COpG9Iyt3N","expanded_url":"http://mythos.capital","display_url":"mythos.capital","indices":[119,142]}]}},"followers_count":14300,"friends_count":2214,"listed_count":406,"created_at":"Mon Apr 28 16:01:05 +0000 2008","favourites_count":14665,"geo_enabled":false,"statuses_count":7668,"lang":null,"profile_image_url_https":"https://pbs.twimg.com/profile_images/925789713365192704/uH_oHC86_normal.jpg","translator_type":"none"},"retweet_count":157,"favorite_count":697,"lang":"en","added":"2019-09-14T18:52:07.031Z"},"title":"","author":"Ryan Sean Adams 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16th largest bank in the world just issued a $20m bond & settled it on Ethereum\n\nIn the words of a bank executive: \n\n“I think it’s becoming apparent that ethereum is just part of the internet.”\n\nThe internet of money\n\n🚀\n\t\t\t\t\t\n\nSource:\n","timely":true,"channel":[null,"worldnews","ethfinance"],"totalUpvotes":753,"score":761,"nReplies":80,"type":"tweet","origin":"","merged":true,"__at":"2024-10-15T16:23:35.495Z","boosted":false,"safeId":"1172137472605741056","html":"The 16th largest bank in the world just issued a $20m bond & settled it on Ethereum\u003cbr>\u003cbr>In the words of a bank executive: \u003cbr>\u003cbr>“I think it’s becoming apparent that ethereum is just part of the internet.”\u003cbr>\u003cbr>The internet of money\u003cbr>\u003cbr>🚀\u003cbr>\t\t\t\t\t\u003cbr>\u003cbr>Source:\u003cbr>","icon":"twitter"},"1172163128379002882":{"original":{"full_text":"I want to connect some dots for you real quick on Ethereum synthetics and what that means for the value of ETH\n\nReady?\n\nThread","display_text_range":[0,126],"entities":{"user_mentions":[],"urls":[]},"source":"\u003ca href=\"https://mobile.twitter.com\" rel=\"nofollow\">Twitter Web App\u003c/a>","user":{"id_str":"14571055","name":"Ryan Sean Adams","screen_name":"RyanSAdams","location":"Charlottesville, VA","description":"Crypto investor. Level up your crypto finance game thru my Bankless program https://t.co/zlFVFkW1lt. Founder of Mythos https://t.co/COpG9Iyt3N.","url":"https://t.co/vwDE7rLP9H","entities":{"url":{"urls":[{"url":"https://t.co/vwDE7rLP9H","expanded_url":"http://www.linkedin.com/in/ryansadams","display_url":"linkedin.com/in/ryansadams","indices":[0,23]}]},"description":{"urls":[{"url":"https://t.co/zlFVFkW1lt","expanded_url":"https://bankless.substack.com","display_url":"bankless.substack.com","indices":[76,99]},{"url":"https://t.co/COpG9Iyt3N","expanded_url":"http://mythos.capital","display_url":"mythos.capital","indices":[119,142]}]}},"followers_count":14305,"friends_count":2215,"listed_count":405,"created_at":"Mon Apr 28 16:01:05 +0000 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want to connect some dots for you real quick on Ethereum synthetics and what that means for the value of ETH\n\nReady?\n\nThread\n\t\t\t\t\t\n\n@threadreaderapp unroll\n\t\t\t\t\t\n\n1/ Synthetics in traditional finance are really, really, really big\n\nScroll to the bottom of this visualization\n\nhttps://www.visualcapitalist.com/worlds-money-markets-one-visualization-2017/\n\t\t\t\t\t\n\n2/ Synthetics simulate financial positions\n\nDAI is an example of a synthetic in crypto. It simulates USD price but is actually a debt note for ETH\n\t\t\t\t\t\n\n3/ On Ethereum you can create synthetics for all sorts of assets\n\nEach represented by a token\n\nI made a synthetic for TESLA this morning in a UMA testnet. Owning it means owning price exposure to TESLA stock\n\nYou could also do: gold, oil, t-bills\n\nAll you need is a price oracle\n\t\t\t\t\t\n\n4/ Synthetic issuance as easy as opening a youtube channel \n\nThis means a kid in Thailand gets the ability to buy TESLA upside\n\nAll she needs to an internet connection\n\nNo brokerage\nNo bank\n\nJust an Ethereum address\n\nOh, and she can create her own synthetic too. And sell it\n\t\t\t\t\t\n\n5/ If synthetics are massive in legacy finance, might they someday be even bigger in a world where their access is democratized?\n\nTrillions?\n\nTens of trillions?\n\n🤷♂️\n\t\t\t\t\t\n\n6/ Here's the thing \n\nFor the synthetics to be trustless and not dependent on a bank they need to be backed by trustless collateral\n\nIf my TESLA token is backed by USDC it can be thwarted by Coinbase\n\nBut if my TESLA is backed by ETH or DAI? It can't be stopped. It's bankless\n\t\t\t\t\t\n\n7/ ETH is the only trustless value store on Ethereum\n\nJust ETH\n\nWhat about DAI? That's stabilized ETH\n\nSo in order for trustless synthetics to grow the value of ETH must grow. By a lot\n\nAnd if the demand for trustless synthetics grows then the value of ETH will grow. By a lot\n\t\t\t\t\t\n\n8/ This makes trustless synthetics a massive bull case for ETH \n\nAnd no one is talking about it\n\nThe market is still valuing ETH as a utility, but the people paying attention know...\n\nETH is money","timely":true,"channel":[null,"worldnews","ethfinance","CryptoCurrency","ethtrader","ethereum"],"totalUpvotes":1117,"score":1129,"nReplies":145,"type":"tweet","origin":"","merged":true,"image":{"url":"https://pbs.twimg.com/media/EERcKBMXUAEzt9T.jpg","width":1200,"height":888},"__at":"2024-10-15T16:23:35.495Z","boosted":false,"safeId":"1172163128379002882","html":"I want to connect some dots for you real quick on Ethereum synthetics and what that means for the value of ETH\u003cbr>\u003cbr>Ready?\u003cbr>\u003cbr>Thread\u003cbr>\t\t\t\t\t\u003cbr>\u003cbr>\u003cspan class=\"bloat\">@threadreaderapp\u003c/span> unroll\u003cbr>\t\t\t\t\t\u003cbr>\u003cbr>1/ Synthetics in traditional finance are really, really, really big\u003cbr>\u003cbr>Scroll to the bottom of this visualization\u003cbr>\u003cbr>\u003ca href=\"https://www.visualcapitalist.com/worlds-money-markets-one-visualization-2017/\" title=\"https://www.visualcapitalist.com/worlds-money-markets-one-visualization-2017/\">visualcapitalis…\u003c/a>\u003cbr>\t\t\t\t\t\u003cbr>\u003cbr>2/ Synthetics simulate financial positions\u003cbr>\u003cbr>DAI is an example of a synthetic in crypto. It simulates USD price but is actually a debt note for ETH\u003cbr>\t\t\t\t\t\u003cbr>\u003cbr>3/ On Ethereum you can create synthetics for all sorts of assets\u003cbr>\u003cbr>Each represented by a token\u003cbr>\u003cbr>I made a synthetic for TESLA this morning in a UMA testnet. Owning it means owning price exposure to TESLA stock\u003cbr>\u003cbr>You could also do: gold, oil, t-bills\u003cbr>\u003cbr>All you need is a price oracle\u003cbr>\t\t\t\t\t\u003cbr>\u003cbr>4/ Synthetic issuance as easy as opening a youtube channel \u003cbr>\u003cbr>This means a kid in Thailand gets the ability to buy TESLA upside\u003cbr>\u003cbr>All she needs to an internet connection\u003cbr>\u003cbr>No brokerage\u003cbr>No bank\u003cbr>\u003cbr>Just an Ethereum address\u003cbr>\u003cbr>Oh, and she can create her own synthetic too. And sell it\u003cbr>\t\t\t\t\t\u003cbr>\u003cbr>5/ If synthetics are massive in legacy finance, might they someday be even bigger in a world where their access is democratized?\u003cbr>\u003cbr>Trillions?\u003cbr>\u003cbr>Tens of trillions?\u003cbr>\u003cbr>🤷♂️\u003cbr>\t\t\t\t\t\u003cbr>\u003cbr>6/ Here's the thing \u003cbr>\u003cbr>For the synthetics to be trustless and not dependent on a bank they need to be backed by trustless collateral\u003cbr>\u003cbr>If my TESLA token is backed by USDC it can be thwarted by Coinbase\u003cbr>\u003cbr>But if my TESLA is backed by ETH or DAI? It can't be stopped. It's bankless\u003cbr>\t\t\t\t\t\u003cbr>\u003cbr>7/ ETH is the only trustless value store on Ethereum\u003cbr>\u003cbr>Just ETH\u003cbr>\u003cbr>What about DAI? That's stabilized ETH\u003cbr>\u003cbr>So in order for trustless synthetics to grow the value of ETH must grow. By a lot\u003cbr>\u003cbr>And if the demand for trustless synthetics grows then the value of ETH will grow. By a lot\u003cbr>\t\t\t\t\t\u003cbr>\u003cbr>8/ This makes trustless synthetics a massive bull case for ETH \u003cbr>\u003cbr>And no one is talking about it\u003cbr>\u003cbr>The market is still valuing ETH as a utility, but the people paying attention know...\u003cbr>\u003cbr>ETH is money","icon":"twitter"},"1172233598109442049":{"original":{"full_text":"We did it! #eth2beaucoup 7-way #interop. Every client is involved in the action. \n@PegaSysEng, Harmony, @prylabs, @trinity_client, @ChainSafeth, @ethnimbus, @sigp_io https://t.co/1g97e6H2nh","display_text_range":[0,168],"entities":{"user_mentions":[{"screen_name":"PegaSysEng","name":"PegaSys","id_str":"1298259883691712514"},{"screen_name":"prylabs","name":"Prysm Ethereum Client","id_str":"981195641689812992"},{"screen_name":"trinity_client","name":"Trinity Ethereum Client","id_str":"1093561814418423809"},{"screen_name":"ChainSafeth","name":"ChainSafe 🔜 EthDenver","id_str":"1032648986753212417"},{"screen_name":"ethnimbus","name":"Nimbus","id_str":"1101033576454340608"},{"screen_name":"sigp_io","name":"Sigma 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did it! #eth2beaucoup 7-way #interop. Every client is involved in the action. \n@PegaSysEng, Harmony, @prylabs, @trinity_client, @ChainSafeth, @ethnimbus, @sigp_io","timely":true,"channel":[null,"worldnews","ethereum"],"totalUpvotes":1610,"score":1627,"nReplies":124,"hasGhosts":true,"image":{"url":"https://pbs.twimg.com/ext_tw_video_thumb/1172232527991463940/pu/img/uL_Lspg9mdRAhZZf.jpg","width":1200,"height":675,"_id":"640b5f42a39e9ca3a3ff43ba"},"type":"tweet","origin":"","__at":"2024-10-15T16:23:35.495Z","boosted":false,"safeId":"1172233598109442049","html":"We did it! \u003cspan class=\"bloat\">#eth2beaucoup\u003c/span> 7-way \u003cspan class=\"bloat\">#interop\u003c/span>. Every client is involved in the action. \u003cbr>\u003cspan class=\"bloat\">@PegaSysEng\u003c/span>, Harmony, \u003cspan class=\"bloat\">@prylabs\u003c/span>, \u003cspan class=\"bloat\">@trinity_client\u003c/span>, \u003cspan class=\"bloat\">@ChainSafeth\u003c/span>, \u003cspan class=\"bloat\">@ethnimbus\u003c/span>, \u003cspan class=\"bloat\">@sigp_io\u003c/span>","icon":"twitter"},"1172265153230004224":{"original":{"full_text":"People have been asking for the transactions that we did to clear and settle the $20 million bond on the Ethereum mainnet.","display_text_range":[0,122],"entities":{"user_mentions":[],"urls":[]},"source":"\u003ca href=\"https://mobile.twitter.com\" rel=\"nofollow\">Twitter Web App\u003c/a>","user":{"id_str":"2348087750","name":"John W. 🇮🇪🇺🇸🇪🇸🇪🇺","screen_name":"_JohnWhelan","location":"d e c e n t r a l i z e d","description":"Head of Digital Investment Banking @BancoSantander; Chairman of the @EntEthAlliance). Engineer first. Banker second. Opinions are 100% mine.","url":"https://t.co/Ty06qGMBlP","entities":{"url":{"urls":[{"url":"https://t.co/Ty06qGMBlP","expanded_url":"https://www.linkedin.com/in/jwhelan/","display_url":"linkedin.com/in/jwhelan/","indices":[0,23]}]},"description":{"urls":[]}},"followers_count":5793,"friends_count":980,"listed_count":187,"created_at":"Mon Feb 17 07:34:30 +0000 2014","favourites_count":2381,"geo_enabled":false,"statuses_count":6842,"lang":null,"profile_image_url_https":"https://pbs.twimg.com/profile_images/825414150968913920/chWFoS15_normal.jpg","can_media_tag":true,"followed_by":false,"translator_type":"none"},"retweet_count":226,"favorite_count":717,"lang":"en","added":"2019-11-10T10:13:00.478Z","retweet_id":"1193437505661685760"},"title":"","author":"John W. 🇮🇪🇺🇸🇪🇸🇪🇺 @_JohnWhelan","replies":["1172282608694132741","1172284857248096256","1172281787453706241","1172265156019183616","1172265154349846531","1172290646415237120","1172490768881262592","1172316346257772545"],"directReplies":["1172265154349846531","1172282608694132741","1172290646415237120","1172316346257772545"],"upvotes":724.5,"indicators":[],"topics":[{"topic":"all","activity":622,"score":628,"relativeScore":1},{"topic":"crypto","activity":606,"score":612,"relativeScore":1},{"topic":"eth","activity":533,"score":538,"relativeScore":0.88}],"context":{"all":{"topic":"all","activity":622,"score":628,"relativeScore":1},"crypto":{"topic":"crypto","activity":606,"score":612,"relativeScore":1},"eth":{"topic":"eth","activity":533,"score":538,"relativeScore":0.88}},"gotReplies":false,"pinned":{},"editorializers":{},"parents":[],"referrals":[],"_id":"1172265153230004224","updates":102,"time":1568324766000,"first":1568329080452,"source":"twitter.com","added":"2021-04-21T23:16:46.853Z","favorites":1153,"url":"https://twitter.com/_JohnWhelan/status/1172265153230004224","content":"People have been asking for the transactions that we did to clear and settle the $20 million bond on the Ethereum mainnet.\n\t\t\t\t\t\n\nInvestor Wallet: https://etherscan.io/address/0xe08193b5afcfea60fceb22f065e88e76718c6ee3#tokentxns\n\n1) Here you can see the tokenized cash (SUSD) that the investor received after transferring the real cash to the custody account\n2) The SUSD tokens are then exchanged for bond tokens (100 units @ $200,000 per unit)\n\t\t\t\t\t\n\nIssuer Wallet: https://etherscan.io/address/0x12959b84d507df134ec59c1fc4044b03f33a9947#tokentxns\n\n1) Here you can see the tokenized cash (SUSD) that the issuer received following the investment\n2) The SUSD tokens are then redeemed for the real cash from the custody account\n\t\t\t\t\t\n\nOther smart contracts were used too - a whitelisting smart contract allowing only entities properly KYC'd and onboarded to hold tokens (bonds or cash) and an exchange contract that acted as the escrow until the Issuer accepted the transaction triggering the atomic DvP.","timely":true,"channel":[null],"totalUpvotes":622,"score":628,"nReplies":7,"type":"tweet","origin":"","merged":true,"__at":"2024-10-15T16:23:35.495Z","boosted":false,"safeId":"1172265153230004224","html":"People have been asking for the transactions that we did to clear and settle the $20 million bond on the Ethereum mainnet.\u003cbr>\t\t\t\t\t\u003cbr>\u003cbr>Investor Wallet: \u003ca href=\"https://etherscan.io/address/0xe08193b5afcfea60fceb22f065e88e76718c6ee3#tokentxns\" title=\"https://etherscan.io/address/0xe08193b5afcfea60fceb22f065e88e76718c6ee3#tokentxns\">etherscan.io/ad…\u003c/a>\u003cbr>\u003cbr>1) Here you can see the tokenized cash (SUSD) that the investor received after transferring the real cash to the custody account\u003cbr>2) The SUSD tokens are then exchanged for bond tokens (100 units @ $200,000 per unit)\u003cbr>\t\t\t\t\t\u003cbr>\u003cbr>Issuer Wallet: \u003ca href=\"https://etherscan.io/address/0x12959b84d507df134ec59c1fc4044b03f33a9947#tokentxns\" title=\"https://etherscan.io/address/0x12959b84d507df134ec59c1fc4044b03f33a9947#tokentxns\">etherscan.io/ad…\u003c/a>\u003cbr>\u003cbr>1) Here you can see the tokenized cash (SUSD) that the issuer received following the investment\u003cbr>2) The SUSD tokens are then redeemed for the real cash from the custody account\u003cbr>\t\t\t\t\t\u003cbr>\u003cbr>Other smart contracts were used too - a whitelisting smart contract allowing only entities properly KYC'd and onboarded to hold tokens (bonds or cash) and an exchange contract that acted as the escrow until the Issuer accepted the transaction triggering the atomic 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economy minister Bruno Le Maire has stated that crypto-to-crypto trades will be tax-exempt, according to a report by Bloomberg. Instead, France will only tax cryptocurrency gains when they are converted into \"traditional\" currencies.\n“We believe that the moment the gains are converted into traditional money is the right time to assess tax,” Le Maire said. Le Maire also added that the country's value-added tax (VAT) will only be assessed when a cryptocurrency is to purchase a good or service.\nFrance's decision comes after reports that Portugal's tax authority determined cryptocurrency trading and payments in the nation are tax-free. Regulation \nRelated Reading","html":"\u003cdiv class=\"articleIAB\">\u003cdiv>\u003c/div>\u003c/div> \u003cdiv>\u003cp>French economy minister Bruno Le Maire has stated that crypto-to-crypto trades will be tax-exempt, according to a \u003ca href=\"https://news.bloombergtax.com/daily-tax-report-international/france-wont-tax-crypto-to-crypto-trades-but-will-hit-gains-cashed-out\">report\u003c/a> by Bloomberg. Instead, France will only tax cryptocurrency gains when they are converted into "traditional" currencies.\u003c/p>\n\u003cp>“We believe that the moment the gains are converted into traditional money is the right time to assess tax,” Le Maire said. Le Maire also added that the country's value-added tax (VAT) will only be assessed when a cryptocurrency is to purchase a good or service.\u003c/p>\n\u003cp>France's decision comes after \u003ca href=\"https://www.theblockcrypto.com/linked/38002/portugals-tax-authority-says-crypto-trading-and-payments-are-tax-free/\">reports\u003c/a> that Portugal's tax authority determined cryptocurrency trading and payments in the nation are tax-free.\u003c/p>\u003c/div> \u003cdiv class=\"articleShare d-print-none\">\u003cdiv>\u003ca role=\"link\" ga-on=\"click\" ga-event-category=\"Newsfeed\" ga-event-action=\"share-click-twitter\" ga-event-label=\"France will not tax crypto-to-crypto trades; will tax gains converted into 'traditional' currency\" target=\"_blank\" href=\"https://twitter.com/intent/tweet?url=http://www.theblockcrypto.com/linked/39518/france-will-not-tax-crypto-to-crypto-trades-will-tax-gains-converted-into-traditional-currency\">\u003csvg aria-hidden=\"true\" focusable=\"false\" data-prefix=\"fab\" data-icon=\"twitter\" role=\"img\" xmlns=\"http://www.w3.org/2000/svg\" viewBox=\"0 0 512 512\" class=\"theme svg-inline--fa fa-twitter fa-w-16 color-grey-medium-all\" style=\"color:#9b9b9b;width:1em;display:inline-block;font-size:inherit;height:1em;overflow:visible;vertical-align:-0.125em;\">\u003cpath fill=\"currentColor\" d=\"M459.37 151.716c.325 4.548.325 9.097.325 13.645 0 138.72-105.583 298.558-298.558 298.558-59.452 0-114.68-17.219-161.137-47.106 8.447.974 16.568 1.299 25.34 1.299 49.055 0 94.213-16.568 130.274-44.832-46.132-.975-84.792-31.188-98.112-72.772 6.498.974 12.995 1.624 19.818 1.624 9.421 0 18.843-1.3 27.614-3.573-48.081-9.747-84.143-51.98-84.143-102.985v-1.299c13.969 7.797 30.214 12.67 47.431 13.319-28.264-18.843-46.781-51.005-46.781-87.391 0-19.492 5.197-37.36 14.294-52.954 51.655 63.675 129.3 105.258 216.365 109.807-1.624-7.797-2.599-15.918-2.599-24.04 0-57.828 46.782-104.934 104.934-104.934 30.213 0 57.502 12.67 76.67 33.137 23.715-4.548 46.456-13.32 66.599-25.34-7.798 24.366-24.366 44.833-46.132 57.827 21.117-2.273 41.584-8.122 60.426-16.243-14.292 20.791-32.161 39.308-52.628 54.253z\"/>\u003c/svg>\u003c/a> \u003ca role=\"link\" ga-on=\"click\" ga-event-category=\"Newsfeed\" ga-event-action=\"share-click-linkedin\" ga-event-label=\"France will not tax crypto-to-crypto trades; 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will tax gains converted into 'traditional' currency\" data-clipboard-text=\"http://www.theblockcrypto.com/linked/39518/france-will-not-tax-crypto-to-crypto-trades-will-tax-gains-converted-into-traditional-currency\" class=\"copy-trigger\">\u003csvg aria-hidden=\"true\" focusable=\"false\" data-prefix=\"fas\" data-icon=\"link\" role=\"img\" xmlns=\"http://www.w3.org/2000/svg\" viewBox=\"0 0 512 512\" class=\"theme svg-inline--fa fa-link fa-w-16 color-grey-medium-all\" style=\"color:#9b9b9b;width:1em;display:inline-block;font-size:inherit;height:1em;overflow:visible;vertical-align:-0.125em;\">\u003cpath fill=\"currentColor\" d=\"M326.612 185.391c59.747 59.809 58.927 155.698.36 214.59-.11.12-.24.25-.36.37l-67.2 67.2c-59.27 59.27-155.699 59.262-214.96 0-59.27-59.26-59.27-155.7 0-214.96l37.106-37.106c9.84-9.84 26.786-3.3 27.294 10.606.648 17.722 3.826 35.527 9.69 52.721 1.986 5.822.567 12.262-3.783 16.612l-13.087 13.087c-28.026 28.026-28.905 73.66-1.155 101.96 28.024 28.579 74.086 28.749 102.325.51l67.2-67.19c28.191-28.191 28.073-73.757 0-101.83-3.701-3.694-7.429-6.564-10.341-8.569a16.037 16.037 0 0 1-6.947-12.606c-.396-10.567 3.348-21.456 11.698-29.806l21.054-21.055c5.521-5.521 14.182-6.199 20.584-1.731a152.482 152.482 0 0 1 20.522 17.197zM467.547 44.449c-59.261-59.262-155.69-59.27-214.96 0l-67.2 67.2c-.12.12-.25.25-.36.37-58.566 58.892-59.387 154.781.36 214.59a152.454 152.454 0 0 0 20.521 17.196c6.402 4.468 15.064 3.789 20.584-1.731l21.054-21.055c8.35-8.35 12.094-19.239 11.698-29.806a16.037 16.037 0 0 0-6.947-12.606c-2.912-2.005-6.64-4.875-10.341-8.569-28.073-28.073-28.191-73.639 0-101.83l67.2-67.19c28.239-28.239 74.3-28.069 102.325.51 27.75 28.3 26.872 73.934-1.155 101.96l-13.087 13.087c-4.35 4.35-5.769 10.79-3.783 16.612 5.864 17.194 9.042 34.999 9.69 52.721.509 13.906 17.454 20.446 27.294 10.606l37.106-37.106c59.271-59.259 59.271-155.699.001-214.959z\"/>\u003c/svg>\u003c/a> \u003c/div>\u003c/div> \u003cdiv class=\"articleCategories font-label\">\u003cdiv class=\"d-flex d-print-none flex-wrap\">\u003ca href=\"/category/regulation\" role=\"link\" style=\"text-decoration:none;\">Regulation\u003c/a>\u003c/div>\u003c/div> \u003csection track-impression ga-event-action=\"scroll\" ga-event-category=\"Scroll\" ga-event-label=\"scroll-depth-gutter\" class=\"articles bg-grey-lightest color-outer-space py-5 d-print-none\" data-v-49bf4372> \u003ch2 class=\"font-headline text-center sectionTitle\" data-v-49bf4372>\nRelated Reading\n\u003c/h2> \u003cdiv class=\"feedCluster sampleArticles-block\" data-v-49bf4372>\u003cdiv class=\"feedCluster-container\" data-v-49bf4372>\u003cdiv class=\"feed-moreStories\" data-v-49bf4372>\u003cdiv class=\"feed-half\" data-v-49bf4372>\u003c/div> \u003cdiv class=\"feed-half\" data-v-49bf4372>\u003c/div>\u003c/div>\u003c/div>\u003c/div>\u003c/section>","replyTo":"news.bloombergtax.com/daily-tax-report-international/france-wont-tax-crypto-to-crypto-trades-but-will-hit-gains-cashed-out","replyType":"reference","type":"ghost","description":"French economy minister Bruno Le Maire has stated that crypto-to-crypto trades will be tax-exempt, according to a report by Bloomberg. Instead, France","__at":"2024-10-15T16:23:35.495Z","boosted":false,"safeId":"theblockcryptocomlinked39518francewillnottaxcryptotocryptotradeswilltaxgainsconvertedintotraditionalcurrency","origin":"theblockcrypto.com"},"pwr_1599938414995":{"original":{},"title":"Santander [launches](https://www.santander.com/csgs/Satellite/CFWCSancomQP01/en_GB/Corporate/Press-room/2019/09/12/Santander-launches-the-first-end-to-end-blockchain-bond.html) a end-to-end blockchain bond worth $ 20 Million, using the Ethereum blockchain.","author":"ZeroTricks","replies":[],"directReplies":[],"upvotes":1,"indicators":[],"topics":[],"context":{},"gotReplies":false,"pinned":{},"editorializers":{},"parents":[],"referrals":[],"_id":"pwr_1599938414995","replyTo":"santander.com/csgs/Satellite/CFWCSancomQP01/en_GB/Corporate/Press-room/2019/09/12/Santander-launches-the-first-end-to-end-blockchain-bond.html","source":"pwr.news","time":1599938414995,"totalUpvotes":0,"score":0,"nReplies":0,"type":"editorializer","first":null,"__at":"2024-10-15T16:23:35.495Z","safeId":"pwr_1599938414995","html":"","origin":"pwr.news"},"pwr_1599938523787":{"original":{},"title":"7 Eth 2 clients [talk to each other](https://twitter.com/JonnyRhea/status/1172233598109442049).","author":"ZeroTricks","replies":[],"directReplies":[],"upvotes":1,"indicators":[],"topics":[],"context":{},"gotReplies":false,"pinned":{},"editorializers":{},"parents":[],"referrals":[],"_id":"pwr_1599938523787","replyTo":"1172233598109442049","source":"pwr.news","time":1599938523787,"totalUpvotes":0,"score":0,"nReplies":0,"type":"editorializer","first":null,"__at":"2024-10-15T16:23:35.495Z","safeId":"pwr_1599938523787","html":"","origin":"pwr.news"},"pwr_wien_20190915_27":{"original":{"category":"Enterprise"},"title":"Banco Santander with the first end-to-end on-chain $20m bond and John Whelan’s thoughts on the future of security tokens","author":"evn","replies":[],"directReplies":[],"upvotes":1,"indicators":[],"topics":[],"context":{},"gotReplies":false,"pinned":{},"editorializers":{},"parents":[],"referrals":[],"_id":"pwr_wien_20190915_27","updates":4,"time":1568541600000,"first":1575459755416,"url":"https://weekinethereumnews.com/week-in-ethereum-news-september-15-2019#/Banco_Santander_with","link":"https://www.santander.com/csgs/Satellite/CFWCSancomQP01/en_GB/Corporate/Press-room/2019/09/12/Santander-launches-the-first-end-to-end-blockchain-bond.html","source":"weekinethereumnews.com","added":"2021-04-28T09:45:02.869Z","channel":[],"replyTo":"santander.com/csgs/Satellite/CFWCSancomQP01/en_GB/Corporate/Press-room/2019/09/12/Santander-launches-the-first-end-to-end-blockchain-bond.html","totalUpvotes":0,"score":0,"html":"\u003ca href=\"https://www.santander.com/csgs/Satellite/CFWCSancomQP01/en_GB/Corporate/Press-room/2019/09/12/Santander-launches-the-first-end-to-end-blockchain-bond.html\">Banco Santander with the first end-to-end on-chain $20m bond\u003c/a> and John Whelan’s thoughts on the \u003ca href=\"https://twitter.com/_JohnWhelan/status/1172842724686516230\">future of security tokens\u003c/a>","__at":"2024-10-15T16:23:35.495Z","safeId":"pwr_wien_20190915_27","origin":"weekinethereumnews.com"},"pwr_wien_20190915_4":{"original":{"category":"Eth2"},"title":"Interop week is over, but the results are spectacular: seven Eth2 clients talking to each other. This was the last major hurdle before clients focus on optimizations, auditing, and UX in preparation for launch.","author":"evn","replies":[],"directReplies":[],"upvotes":1,"indicators":[],"topics":[],"context":{},"gotReplies":false,"pinned":{},"editorializers":{},"parents":[],"referrals":[],"_id":"pwr_wien_20190915_4","updates":4,"time":1568541600000,"first":1575459755383,"url":"https://weekinethereumnews.com/week-in-ethereum-news-september-15-2019#/Interop_week_is_over","link":"https://twitter.com/JonnyRhea/status/1172233598109442049","source":"weekinethereumnews.com","added":"2021-04-28T09:45:02.855Z","channel":[],"replyTo":"1172233598109442049","totalUpvotes":0,"score":0,"html":"\u003cstrong>Interop week is over, but the results are spectacular: \u003ca href=\"https://twitter.com/JonnyRhea/status/1172233598109442049\">seven Eth2 clients talking to each other\u003c/a>. \u003c/strong> This was the last major hurdle before clients focus on optimizations, auditing, and UX in preparation for launch.","__at":"2024-10-15T16:23:35.495Z","safeId":"pwr_wien_20190915_4","origin":"weekinethereumnews.com"},"pwr_wien_20210831_142":{"original":{"category":"Eth2"},"title":"Interop week is over, but the results are spectacular: seven Eth2 clients talking to each other. This was the last major hurdle before clients focus on optimizations, auditing, and UX in preparation for launch.","author":"evn","replies":[],"directReplies":[],"upvotes":1,"indicators":[],"topics":[],"context":{},"gotReplies":false,"pinned":{},"editorializers":{},"parents":[],"referrals":[],"_id":"pwr_wien_20210831_142","added":"2021-08-24T10:13:55.090Z","first":1629800035090,"html":"\u003cstrong>Interop week is over, but the results are spectacular: \u003c/strong>\u003ca href=\"https://twitter.com/JonnyRhea/status/1172233598109442049\">\u003cstrong>seven Eth2 clients talking to each other\u003c/strong>\u003c/a>\u003cstrong>. \u003c/strong> This was the last major hurdle before clients focus on optimizations, auditing, and UX in preparation for launch.","link":"https://twitter.com/JonnyRhea/status/1172233598109442049","source":"weekinethereumnews.com","time":1630404834771,"timely":true,"updates":1,"url":"https://weekinethereumnews.com/three-year-anniversary-edition/#/Interop_week_is_over","replyTo":"1172233598109442049","__at":"2024-10-15T16:23:35.495Z","safeId":"pwr_wien_20210831_142","origin":"weekinethereumnews.com"},"pwr_wien_20210831_165":{"original":{"category":"Enterprise"},"title":"Banco Santander with the first end-to-end on-chain $20m bond and John Whelan’s thoughts on the future of security tokens","author":"evn","replies":[],"directReplies":[],"upvotes":1,"indicators":[],"topics":[],"context":{},"gotReplies":false,"pinned":{},"editorializers":{},"parents":[],"referrals":[],"_id":"pwr_wien_20210831_165","added":"2021-08-24T10:13:55.109Z","first":1629800035109,"html":"\u003ca 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tokens\u003c/a>","link":"https://www.santander.com/csgs/Satellite/CFWCSancomQP01/en_GB/Corporate/Press-room/2019/09/12/Santander-launches-the-first-end-to-end-blockchain-bond.html","source":"weekinethereumnews.com","time":1630404834771,"timely":true,"updates":1,"url":"https://weekinethereumnews.com/three-year-anniversary-edition/#/Banco_Santander_with","replyTo":"santander.com/csgs/Satellite/CFWCSancomQP01/en_GB/Corporate/Press-room/2019/09/12/Santander-launches-the-first-end-to-end-blockchain-bond.html","__at":"2024-10-15T16:23:35.495Z","safeId":"pwr_wien_20210831_165","origin":"weekinethereumnews.com"},"cryptobriefing.com/ethereum-staking-update-proposal":{"original":{},"title":"Ethereum staking update 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to the Daily General Discussion thread. Please read the rules before participating.\n\n---\n\n## Rules:\n\n* All [subreddit rules](https://old.reddit.com/r/ethtrader/wiki/expanded_rules#wiki_rules) apply in this thread.\n* Keep the discussion on-topic. Please refer to the [allowed topics](https://www.reddit.com/r/ethtrader/comments/1fyb8rv/rethtrader_automated_topic_limiter_topics_allowed/?sort=new) for more details on what's allowed.\n* Subreddit meta and changes belong in the [Governance Discussion thread](https://www.reddit.com/r/ethtrader/comments/ogugf9/governance_discussion/).\n* Donuts are a welcome topic here.\n* Be kind and civil.\n\n---\n\n## Useful Links:\n\n* [Newcomer's Guide](https://www.reddit.com/r/ethtrader/comments/1ftnx4t/megathread_comprehensive_guide_to_rethtrader/)\n* [What are Donuts?](https://www.reddit.com/r/ethtrader/wiki/donuts/)\n* [Donut Dashboard](https://donut-dashboard.com/#/)\n* [How to Flair Posts](https://www.reddit.com/r/ethtrader/comments/r9irmr/how_to_flair_your_posts/)\n* [Discord](https://discord.com/invite/GCqpyAnmDa)\n\n---\n\n**Stand With Crypto**\n\nIn light of recent events and the challenges faced by the Ethereum and broader crypto space, we'd like to draw your attention to Coinbase's 'Stand with Crypto' initiative. It seeks to foster understanding, collaboration, and advocacy in the crypto space.\n\n[🔗 Stand with Crypto Initiative](https://www.coinbase.com/public-policy/advocacy/standwithcrypto)\n\nRemember, staying informed and united is key. Let's ensure a secure and open future for Ethereum and its principles. Happy trading and discussing!","html":"\u003cp>Welcome to the Daily General Discussion thread. Please read the rules before participating.\u003c/p>\n\n\u003chr/>\n\n\u003ch2>Rules:\u003c/h2>\n\n\u003cul>\n\u003cli>All \u003ca href=\"https://old.reddit.com/r/ethtrader/wiki/expanded_rules#wiki_rules\">subreddit rules\u003c/a> apply in this thread.\u003c/li>\n\u003cli>Keep the discussion on-topic. Please refer to the \u003ca href=\"https://www.reddit.com/r/ethtrader/comments/1fyb8rv/rethtrader_automated_topic_limiter_topics_allowed/?sort=new\">allowed topics\u003c/a> for more details on what's allowed.\u003c/li>\n\u003cli>Subreddit meta and changes belong in the \u003ca href=\"https://www.reddit.com/r/ethtrader/comments/ogugf9/governance_discussion/\">Governance Discussion thread\u003c/a>.\u003c/li>\n\u003cli>Donuts are a welcome topic here.\u003c/li>\n\u003cli>Be kind and civil.\u003c/li>\n\u003c/ul>\n\n\u003chr/>\n\n\u003ch2>Useful Links:\u003c/h2>\n\n\u003cul>\n\u003cli>\u003ca href=\"https://www.reddit.com/r/ethtrader/comments/1ftnx4t/megathread_comprehensive_guide_to_rethtrader/\">Newcomer's Guide\u003c/a>\u003c/li>\n\u003cli>\u003ca href=\"https://www.reddit.com/r/ethtrader/wiki/donuts/\">What are Donuts?\u003c/a>\u003c/li>\n\u003cli>\u003ca href=\"https://donut-dashboard.com/#/\">Donut Dashboard\u003c/a>\u003c/li>\n\u003cli>\u003ca href=\"https://www.reddit.com/r/ethtrader/comments/r9irmr/how_to_flair_your_posts/\">How to Flair Posts\u003c/a>\u003c/li>\n\u003cli>\u003ca href=\"https://discord.com/invite/GCqpyAnmDa\">Discord\u003c/a>\u003c/li>\n\u003c/ul>\n\n\u003chr/>\n\n\u003cp>\u003cstrong>Stand With Crypto\u003c/strong>\u003c/p>\n\n\u003cp>In light of recent events and the challenges faced by the Ethereum and broader crypto space, we'd like to draw your attention to Coinbase's 'Stand with Crypto' initiative. It seeks to foster understanding, collaboration, and advocacy in the crypto space.\u003c/p>\n\n\u003cp>\u003ca href=\"https://www.coinbase.com/public-policy/advocacy/standwithcrypto\">🔗 Stand with Crypto Initiative\u003c/a>\u003c/p>\n\n\u003cp>Remember, staying informed and united is key. Let's ensure a secure and open future for Ethereum and its principles. Happy trading and discussing!\u003c/p>"},"title":"Daily General Discussion - October 14, 2024 (UTC+0)","author":"AutoModerator","replies":["t1_lrycr7w","t1_lryccbv","t1_lrycbeu","t1_lrymc6l","t1_lrygzwy","t1_lryuis8","t1_lrz1spt","t1_lrzbk93","t1_lrzdvje","t1_lrzdy7j","t1_lrz9n4a","t1_lrze4rx","t1_lrzbzfe","t1_lrzecpt","t1_lrzbmes","t1_lrzalp8","t1_lrz9n5q","t1_lrz9kzn","t1_lrzm02z","t1_lrzk1cl","t1_lrzlj62","t1_lrzkooq","t1_lrzkc4z","t1_lrzk1dp","t1_lrzjzw4","t1_lrzjdbi","t1_lrzinll","t1_lrzhr7n","t1_lrzo4xj","t1_lrztwey","t1_lrzt4qt","t1_lrzyjhq","t1_lrzykl9","t1_lrzv9r9","t1_lrzyzff","t1_lrzywt4","t1_lrzx4k9","t1_lrzv5pw","t1_lrzxirt","t1_lrzyuqy","t1_lrzyurs","t1_lrzyu5m","t1_lrzxoma","t1_lrzvgrr","t1_lrzvjxa","t1_ls03r6f","t1_ls03qu1","t1_ls03qhr","t1_ls03q5c","t1_ls029k3","t1_ls00j03","t1_ls00ner","t1_ls00lfo","t1_ls00e11","t1_ls03xsp","t1_ls07tol","t1_ls078ks","t1_ls064d2","t1_ls0fgie","t1_ls0exwx","t1_ls0fhn5","t1_ls0fhnq","t1_ls0fgyc","t1_ls0ktmx","t1_ls0kt5j","t1_ls0l11z","t1_ls0kudo","t1_ls0krri","t1_ls0kpu6","t1_ls0kde9","t1_ls0k9wo","t1_ls0i8dl","t1_ls0h9cd","t1_ls0khwn","t1_ls0plxc","t1_ls0lvls","t1_ls0li9t","t1_ls0lyfj","t1_ls0n78g","t1_ls0m46x","t1_ls0lny8","t1_ls0ou0v","t1_ls0lv0r","t1_ls0l9dn","t1_ls0mxg4","t1_ls0vid2","t1_ls0v4sl","t1_ls0txdf","t1_ls0v7ms","t1_ls0twl2","t1_ls0vpkp","t1_ls0vbcf","t1_ls15eg7","t1_ls1542f","t1_ls0zefw","t1_ls0ze0c","t1_ls160g4","t1_ls0zlg7","t1_ls165v4","t1_ls14ohd","t1_ls149r3","t1_ls149sm","t1_ls148ay","t1_ls14j7c","t1_ls1g4s1","t1_ls1cxkf","t1_ls19zmy","t1_ls19e6t","t1_ls18i7c","t1_ls1bcyq","t1_ls17fvo","t1_ls19gwv","t1_ls18css","t1_ls19cm1","t1_ls18f61","t1_ls1o8r3","t1_ls1msoe","t1_ls1lywu","t1_ls1kq38","t1_ls1ht9v","t1_ls1hndd","t1_ls1hi98","t1_ls1h6f1","t1_ls1wc4c","t1_ls1usax","t1_ls1yfeo","t1_ls1wytj","t1_ls1uxf5","t1_ls1tzvp","t1_ls1s67o","t1_ls1wjio","t1_ls1w2vw","t1_ls1y2cv","t1_ls1tmjg","t1_ls1t8mr","t1_ls1s314","t1_ls1w2pd","t1_ls1xelr"],"directReplies":["t1_lrycbeu","t1_lryccbv","t1_lrycr7w","t1_lrygzwy","t1_lrymc6l","t1_lrz1spt","t1_lrzbk93","t1_lrzinll","t1_lrzjdbi","t1_lrzm02z","t1_lrzo4xj","t1_lrzv9r9","t1_lrzyjhq","t1_ls029k3","t1_ls03q5c","t1_ls07tol","t1_ls0i8dl","t1_ls0k9wo","t1_ls0kde9","t1_ls0kt5j","t1_ls0plxc","t1_ls0twl2","t1_ls0txdf","t1_ls0ze0c","t1_ls1542f","t1_ls15eg7","t1_ls18i7c","t1_ls19e6t","t1_ls1g4s1","t1_ls1kq38","t1_ls1lywu","t1_ls1o8r3","t1_ls1s314","t1_ls1s67o","t1_ls1usax"],"upvotes":13,"indicators":[],"topics":[{"topic":"all","activity":273,"score":461,"relativeScore":1},{"topic":"crypto","activity":143,"score":242,"relativeScore":1},{"topic":"eth","activity":141,"score":238,"relativeScore":0.98}],"context":{"all":{"topic":"all","activity":273,"score":461,"relativeScore":1},"crypto":{"topic":"crypto","activity":143,"score":242,"relativeScore":1},"eth":{"topic":"eth","activity":141,"score":238,"relativeScore":0.98}},"gotReplies":false,"pinned":{},"editorializers":{},"parents":[{"_id":"reddit.com/r/EthTrader","url":"http://reddit.com/r/EthTrader","type":"reference","score":0},{"_id":"t3_1ftnx4t","url":"https://www.reddit.com/r/ethtrader/comments/1ftnx4t/megathread_comprehensive_guide_to_rethtrader","type":"reference"},{"_id":"reddit.com/r/ethtrader","url":"http://reddit.com/r/ethtrader","type":"reference","score":0},{"_id":"reddit.com/message/compose?to=/r/ethtrader","url":"http://reddit.com/message/compose?to=%2Fr%2Fethtrader","type":"reference","score":0}],"referrals":[],"_id":"t3_1g3tc23","added":"2024-10-15T16:09:33.575Z","first":1728947106291,"source":"reddit.com","time":1728946835000,"timely":true,"updates":18,"url":"https://www.reddit.com/r/ethtrader/comments/1g3tc23/daily_general_discussion_october_14_2024_utc0/","nReplies":137,"origin":"in r/ethtrader","type":"rpost","isGeneralDiscussion":true,"merged":true,"favorites":null,"html":"\n\t\t\t\u003cbr class=\"merged\">\u003cbr>\u003cp>\u003cem>If you're interested in hosting an AMA, renting the banner space, or having your ad placed as a pinned post or pinned comment in the Daily General Discussion thread on \u003ca href=\"/r/EthTrader\">r/EthTrader\u003c/a>, please contact the mod team.\u003c/em>\u003c/p>\n\n\u003chr/>\n\n\u003cp>## Newcomer's guide\u003c/p>\n\n\u003cp>In case you're new to \u003ca href=\"/r/EthTrader\">r/EthTrader\u003c/a>, check this \u003ca href=\"https://www.reddit.com/r/ethtrader/comments/1ftnx4t/megathread_comprehensive_guide_to_rethtrader/\">comprehensive guide\u003c/a> to learn everything you need to know about our community, Donuts, and \u003ca href=\"/r/ethtrader\">r/ethtrader\u003c/a>'s unique tipping system!\u003c/p>\n\n\u003chr/>\n\n\u003cp>!dailypin\u003c/p>\n\n\u003cp>\u003cem>I am a bot, and this action was performed automatically. Please \u003ca href=\"/message/compose/?to=/r/ethtrader\">contact the moderators of this subreddit\u003c/a> if you have any questions or concerns.\u003c/em>\u003c/p>","content":"undefined\n\t\t\t\n\n\n*If you're interested in hosting an AMA, renting the banner space, or having your ad placed as a pinned post or pinned comment in the Daily General Discussion thread on r/EthTrader, please contact the mod team.*\n\n---\n\n ## Newcomer's guide\n\n In case you're new to r/EthTrader, check this [comprehensive guide](https://www.reddit.com/r/ethtrader/comments/1ftnx4t/megathread_comprehensive_guide_to_rethtrader/) to learn everything you need to know about our community, Donuts, and r/ethtrader's unique tipping system!\n\n---\n\n!dailypin\n\n*I am a bot, and this action was performed automatically. Please [contact the moderators of this subreddit](/message/compose/?to=/r/ethtrader) if you have any questions or concerns.*","contentGuessed":true,"htmlGuessed":true,"__at":"2024-10-15T16:28:26.524Z","boosted":false,"safeId":"t3_1g3tc23","icon":"reddit"},"t3_5e3alw":{"original":{"upvote_ratio":0.97,"is_self":true,"post_hint":"self","downs":0,"edited":1479722358,"num_comments":25,"preview":{"images":[{"id":"1HA_70vkrxMudQWdjw9c5u53fbCj80XGuxeRelEDRDA","resolutions":[{"height":68,"width":108,"url":"https://i.redditmedia.com/DJ7gisNK4EtN1OkeAEMi3BKMUZWqTn0KNoQeLWlT-0Q.jpg?fit=crop&crop=faces%2Centropy&arh=2&w=108&s=e67be23f53e8c2ba8690f9d528e328f4"},{"height":137,"width":216,"url":"https://i.redditmedia.com/DJ7gisNK4EtN1OkeAEMi3BKMUZWqTn0KNoQeLWlT-0Q.jpg?fit=crop&crop=faces%2Centropy&arh=2&w=216&s=122cad7aa68ec93b6ffdc4494ac209e1"},{"height":204,"width":320,"url":"https://i.redditmedia.com/DJ7gisNK4EtN1OkeAEMi3BKMUZWqTn0KNoQeLWlT-0Q.jpg?fit=crop&crop=faces%2Centropy&arh=2&w=320&s=e2826400497dbc7ff1afcdcd0208e43d"},{"height":408,"width":640,"url":"https://i.redditmedia.com/DJ7gisNK4EtN1OkeAEMi3BKMUZWqTn0KNoQeLWlT-0Q.jpg?fit=crop&crop=faces%2Centropy&arh=2&w=640&s=84b12de45f9a0bf55b1782924a9a8c1b"}],"source":{"height":450,"width":705,"url":"https://i.redditmedia.com/DJ7gisNK4EtN1OkeAEMi3BKMUZWqTn0KNoQeLWlT-0Q.jpg?s=521cda25c69a89fd0fbcc886059d8751"}}]},"domain":"self.ethereum","score":170,"suggested_sort":"top","subreddit_name_prefixed":"r/ethereum"},"title":"Massive MyEtherWallet.com Update: Better URIs, The Hardfork, and looking back at the Golem Crowdfund.","author":"insomniasexx","replies":["t1_da9fies","t1_da9dbdr","t1_da9up49","t1_da9sehy","t1_da9pyw5","t1_da9f6m0","t1_da9d6j2","t1_da9pqkq","t1_da9keni","t1_da9fqrg","t1_da9pqdd","t1_da9lvhh","t1_da9hg2w","t1_daa4kd2","t1_daa7bnd","t1_daa5mej","t1_daa4rph","t1_daa8osq","t1_daam7lt","t1_daan95g","t1_da9pq1b","t1_da9lmrx","t1_da9v2ri","pwr_1574161716407","pwr_wien_20161127_16","800648886150828032"],"directReplies":["800648886150828032","pwr_1574161716407","pwr_wien_20161127_16","t1_da9d6j2","t1_da9dbdr","t1_da9f6m0","t1_da9fqrg","t1_da9hg2w","t1_da9keni","t1_da9lmrx","t1_da9lvhh","t1_daa4kd2","t1_daa4rph","t1_daa5mej","t1_daa7bnd","t1_daa8osq","t1_daam7lt","t1_daan95g"],"upvotes":170,"indicators":[],"topics":[{"topic":"all","activity":387,"score":391,"relativeScore":1},{"topic":"crypto","activity":269,"score":271,"relativeScore":1},{"topic":"eth","activity":238,"score":240,"relativeScore":0.89}],"context":{"all":{"topic":"all","activity":387,"score":391,"relativeScore":1},"crypto":{"topic":"crypto","activity":269,"score":271,"relativeScore":1},"eth":{"topic":"eth","activity":238,"score":240,"relativeScore":0.89}},"gotReplies":false,"pinned":{"evn":true,"ZeroTricks":true,"calendar":true},"editorializers":{"ZeroTricks":"pwr_1574161716407"},"parents":[{"_id":"myetherwallet.com?amp;gaslimit=50000&tokenSymbol=REP&value=1&to=0x7cB57B5A97eAbe94205C07890BE4c1aD31E486A8","url":"https://www.myetherwallet.com?amp%3Bgaslimit=50000&%3BtokenSymbol=REP&%3Bvalue=1&to=0x7cB57B5A97eAbe94205C07890BE4c1aD31E486A8","type":"reference","score":0.28707080400274865},{"_id":"myetherwallet.com?amp;data=0x5468616e6b20796f752c204d455720322e30&gaslimit=23000&value=1&to=0x7cB57B5A97eAbe94205C07890BE4c1aD31E486A8","url":"https://www.myetherwallet.com?amp%3Bdata=0x5468616e6b20796f752c204d455720322e30&%3Bgaslimit=23000&%3Bvalue=1&to=0x7cB57B5A97eAbe94205C07890BE4c1aD31E486A8","type":"reference","score":0.08041987349195844},{"_id":"myetherwallet.com?amp;gaslimit=60000&sendMode=1&value=1.1&to=0x7cB57B5A97eAbe94205C07890BE4c1aD31E486A8","url":"https://www.myetherwallet.com?amp%3Bgaslimit=60000&%3BsendMode=1&%3Bvalue=1.1&to=0x7cB57B5A97eAbe94205C07890BE4c1aD31E486A8","type":"reference","score":0},{"_id":"github.com/kvhnuke/etherwallet/releases/tag/v0.3.2.6","url":"https://github.com/kvhnuke/etherwallet/releases/tag/v0.3.2.6","type":"reference","score":0.013653104816570063},{"_id":"i.imgur.com/HQHEBSK.jpg","url":"http://i.imgur.com/HQHEBSK.jpg","type":"reference","score":0.0006070954681446806},{"_id":"myetherwallet.com","url":"https://myetherwallet.com","type":"reference","score":0},{"_id":"myetherwallet.com/embedded.html","url":"http://www.myetherwallet.com/embedded.html","type":"reference"}],"referrals":[],"_id":"t3_5e3alw","added":"2021-04-28T10:37:51.394Z","source":"reddit.com","time":1479722128000,"content":"First off, we would like to give a massive thank you to anyone and everyone who reached out to us in the past week or with messages of support. I tried really hard to respond to every message but there were simply too many. Know that we read each and every one of them and if we didn't respond to you and you want a response, send the message again. It's been pretty chaotic but now that the dust has settled, we're in pretty high spirits. Now, onto the wall o' text! \n\n---\n\n# Better \"URI\" support\n\nYou can use query strings on the Send Transaction page in order to pre-fill in information for a user. We have always supported this but it's been updated to support sendMode and tokenSymbol:\n\n- **to=[address]**\n - default is empty\n- **value=[number]**\n - default is empty\n- **sendMode=0 | 1 | 2 | 4**\n - 0: ETH (Standard Transaction) 1: Only ETH 2: Only ETC 3: We have no freaking idea 4: Tokens\n - default is 0\n- **tokenSymbol = ARC | ICN | MKR | ....**\n - default is whatever the first token in the list is if sendMode is set to 4\n - BeerCoin and Unicorn are those words, sans emoji\n- **gasLimit=[number] OR gas=[number]**\n - default is 21000 and then estimated once a value is inserted. Get in the habit of using this though as our embedded send page will not estimateGas for users.\n- **data=[hex data]**\n - default is empty\n\n**Notes:**\n\n- Nothing is case sensitive. \n- All fields are optional.\n- Token Symbol takes priority over sendMode. So no need to include sendMode if you have a tokenSymbol\n- gasLimit takes priority over gas if both are included\n- Data can only be included in a standard transaction (sendMode=0). If another sendMode is specified, a warning displays for the user. \n\n**Example Links:**\n\n- Tokens: https://www.myetherwallet.com/?to=0x7cB57B5A97eAbe94205C07890BE4c1aD31E486A8&value=1&tokenSymbol=REP&gaslimit=50000#send-transaction\n\n- Standard TX: https://www.myetherwallet.com/?to=0x7cB57B5A97eAbe94205C07890BE4c1aD31E486A8&value=1&gaslimit=23000&data=0x5468616e6b20796f752c204d455720322e30#send-transaction\n\n- Only ETH TX: https://www.myetherwallet.com/?to=0x7cB57B5A97eAbe94205C07890BE4c1aD31E486A8&value=1.1&sendMode=1&gaslimit=60000#send-transaction\n\n\n---\n\n\n# Misc\n\nPressing the enter key will now unlock your wallet so you don't have to click the button. This has already saved me about 2000 button clicks. It's pretty much the best thing ever. \n\n\n---\n\n\n# The Hardfork\n\nOur backend is already set up for the hard fork so we're ready to roll no matter what. The only thing we are still contemplating is how to handle EIP-155 (replay safe TX / new TX signing method). We are ready to switch transaction signing to match the EIP-155 spec. However, we are trying to decide what to do with ETC. Here are the options:\n\n**Plan A:**\n\n- Standard Tx will follow EIP-155\n\n- Remove Send Only ETH\n\n- Remove Send Only ETC from site (until they implement their version of EIP-155?)\n\n- Tell people to use an old version of the repo (https://github.com/kvhnuke/etherwallet/releases/tag/v0.3.2.6) if they want to Send Only ETC.\n\n**Plan B:** \n\n- Standard Tx will follow EIP-155\n\n- Remove Send Only ETH\n\n- Send Only ETC will use old syntax to send via replay safe split contract\n\n**Plan C:**\n\n- Leave as is and don't use new transaction EIP-155 signing (until we have more information to make a decision.) \n\nPlan A is preferred simply because the Send Transaction controller is already a mess and keeping the old send transaction code makes the entire thing more messy. The problem with Plan A is I really don't feel like answering a bunch of emails from people who want to use the site to Send Only ETC.\n\nPlan C is only appealing to allow us to know if ETC is going to get on the EIP-155 train in a timely manner. If they aren't, we would go with plan A. The only thing worse than having messy code is having messy code indefinitely.\n\n\nWeigh in on which plan you hate the most and tell us what to do. \n\n\n---\n\n\n# Golem Crowdfund Analysis\n\nAs some of you are aware, we could not handle the traffic during the Golem crowdfund ~10 days ago. Up until the Golem sale, our server has occasionally crashed. The instances were few and far between and never happened at such inopportune moments. The first time we recall is when the DAO Token Creation started. Server crashed, we restarted, and everything was dandy in \u003c 5 minutes. When we were on the flight home from Devcon2, it crashed again. This time it was due to the network attacks. We restarted, everything was fine.\n\nSince we crashed during the DAO, our setup has changed completely. Everything was re-written in node.js, our servers have grown, and we have switched from geth to Parity.\n\nWhen we started receiving requests for supporting Golem and learned about the data value necessary to successfully participate in the crowdfund, we made a few changes in preparation. We increased size of our nodes, we added functionality to automatically add data when the Golem address was entered, we increased our gas *price* to 61, rather than the 21 we were using before, and we troubleshooted some issues regarding estimating gas when there is data. If you notice, some of these items are frontend items that have no affect on our node. That's because I was more worried about transactions not being mined or people forgetting to include the data. I'm not a server person. I'm a user experience person.\n\nWe expected there to be a increase in traffic, but not by this much. We went to sleep at 4:45am and my husband woke me up at 6:30am when he couldn't get a test transaction to send via his Ledger (fyi, if a TX has data you need to turn on contract data on your Ledger). When the token sale started and the balances started loading slowly, I knew there was a issue. But with contract at 50% of it's cap and the server not returning errors or giving a 503, there was nothing we could do. Restarting would have done nothing besides ensure than no transactions could go through.\n\nThe last 6 or so token sales have gone off without a hitch. We actually slept through most of them and I we received no reports upon waking of issues. The only reason we knew there was a token sale is there was a load of emails and tweets asking for adding that token as a default token. Golem was different, by a significant margin. \n\n### There are a few main factors that we believed contributed to the latency of our server: \n\n- We had combined \"Send Ether\" and \"Send Tokens\". This means that anyone wanting to send Ether also sent getBalance requests for tokens as well.\n- getTransactionData is 3 calls - it returns the nonce, balance, and gas price so you can make a transaction. This call is one of the more expensive calls and occurs when you are actually generating a transaction.\n- There were an insane amount of people attempting to send Ether and therefore calling getTransactionData and getBalance of ETH and Tokens in their account...all simultaneously.\n\nWe should take this time to point out that our servers didn't crash like we've seen before. Parity was fine and synced the entire time. The server didn't drop any requests. The problem was the time it took to deliver said requests. That is why some users reported pressing a button and it generating the transaction 12 seconds later. This is known as latency or lag in the backend world and happens when there are a buttload of requests in the queue. \n\nWe should also take the time to point out that our frontend (what you see) is *completely separate* from our backend servers that run Parity. The frontend is served via github / cloudflare and never goes down for that reason. So, unlike a more traditional site, reducing the size or format of the frontend plays no role in how our servers handle requests.\n\n### The Data\n\nhttp://i.imgur.com/HQHEBSK.jpg\n\n- **For the 7am-8am period, we had 708,490 requests.** Meaning, there were 708k requests for things like getBalance or getTransactionData.\n\n- 700k/hour gives us an average of **200 requests per second.** However, the crowdfund lasted less than 30 minutes, means it is likely that the number of requests per second was even higher during the initial 30 minutes than the latter 30 minutes.\n\n- There were **1264 unique visitors.** Unique visitors doesn't count the dude who has 3 or 4 tabs open or refreshes upwards of 10 times during that hour, nor does it count anyone not on the https://myetherwallet.com version of the site (e.g. local users, chrome extension users).\n\n- It took ~700 transactions to reach the cap. So \u003c700 people got to participate successfully. \n\n- It takes **0.065s to respond to a single getTransactionData call**.\n\n- It takes **~6.57s to process 950 simultaneous getTransactionData**\n\n- We can handle **900-950 simultaneous requests**. Once it goes above that, the server becomes unresponsive. \n\nAt the end of the day, that is an enormous amount of people and requests and far higher than we've seen before. I fully expected to run tests and discover that we were woefully unprepared and our servers fall embarrassingly short of what they should be. They don't. Our performance is not subpar, especially considering we have spent far less relative time perfecting our servers as we have other items on MyEtherWallet. That's not to say we can't be better - I just blame myself a tiny bit less after seeing the stats.\n\n### Changes to MyEtherWallet to prevent this from happening in the future\n\n1. Embeddable send page specifically for token sales / crowdfunds will be implemented. This will be similar to http://www.myetherwallet.com/embedded.html but for the send page. It will only accept URLs with query strings for sendMode or tokenSymbol and only load the ETH and/or selected token balance. It will not estimate gas. See the \"Better URI support\" section for details.\n\n2. Lightweight mode will be turned on automatically during high-traffic times. This will remove all balances from loading upon wallet unlock, and a user will need to click in order to view their ETH or Token balance.\n\n3. Changes to give user feedback on the status of their request, even when the server is under extreme load. Giving immediate feedback rather than giving users uninformative errors 30s after a request is sent. The fact this wasn't implemented long ago is fucking bonkers and we're sorry.\n\n4. Further upgrades to servers and implementation of a proper load balancer to support at least 2x what we current support.\n\n5. Setting up a \"premium\" page will act as another \"load balancer\". Transactions sent via this page will be sent via completely separate backend and only transactions with a fee paid to MyEtherWallet will be accepted. Since 99% of users don't pay, if you do you'll be part of the 1%, ensuring your transaction goes through. ;)\n\n6. Set up / write out an easier way to run MyEtherWallet connected to custom / local node.\n\n7. Explore decentralized server option where MyEtherWallet would connect to a list of trusted available nodes.\n\n\n### Recommendations\n\n**Our first set of recommendations are for people, like Golem, who are holding crowdfunds / token sales.**\n\n- Do anything you can to prevent a mad rush for tokens in a limited amount of time. If MyEtherWallet had operated flawlessly, there is a good chance the sale would have been over in \u003c5 minutes. ~700 people got in on the Golem sale via all methods of sending (mist, geth, MyEtherWallet.....). MyEtherWallet had 1200 unique visitors. This is not ideal.\n\n- Write up clean instructions on all the different ways a user can participate in your token sale. Don't recommend any one in particular.\n\n- Recommend your users have a contingency plan in place. Maybe MyEtherWallet goes down. Maybe Mist won't sync. Maybe your computer explodes. \n\n- Recommend they test far before the token sale and make sure everything goes as expected.\n\n- Recommend your users sign a transaction *before* the token sale begins and simply broadcast it during the token sale. This also allows the user to double-check their values in a calm environment and eliminates fat finger problems that can occur when the adrenaline is pumping.\n\n**If you are a user wanting to prepare for a sale you know will sell out fast....**\n\n- Have a contingency plan in place. Don't rely on any one method. Maybe MyEtherWallet goes down. Maybe Mist won't sync. Maybe your computer explodes. \n\n- Test far before the token sale and make sure everything goes as expected.\n\n- Sign a transaction *before* the token sale begins and simply broadcast it during the token sale.\n\n- Attempt to run a full node. Stop saying that you're the average user who doesn't need to run a full node. You aren't. You're part of Ethereum in the early days. Your feedback on all clients is valuable and necessary as the ecosystem grows. Get yourself set up and help debug the issues you had while getting set up. Parity and geth have vastly improved in both stability and sync times. Start from scratch after this hard fork and learn something new. \n\n---\n\ntl;dr: I don't blame you. I don't expect anyone to read this whole thing but didn't feel like making multiple posts. Read the section that pertains to what you care about...or comment some blasphemy without reading any of it. 😎","timely":true,"first":1479726303307,"url":"https://www.reddit.com/r/ethereum/comments/5e3alw/massive_myetherwalletcom_update_better_uris_the/","totalUpvotes":387,"nReplies":26,"score":391,"hasGhosts":true,"html":"\u003cp>First off, we would like to give a massive thank you to anyone and everyone who reached out to us in the past week or with messages of support. I tried really hard to respond to every message but there were simply too many. Know that we read each and every one of them and if we didn't respond to you and you want a response, send the message again. It's been pretty chaotic but now that the dust has settled, we're in pretty high spirits. Now, onto the wall o' text! \u003c/p>\n\n\u003chr/>\n\n\u003ch1>Better "URI" support\u003c/h1>\n\n\u003cp>You can use query strings on the Send Transaction page in order to pre-fill in information for a user. We have always supported this but it's been updated to support sendMode and tokenSymbol:\u003c/p>\n\n\u003cul>\n\u003cli>\u003cstrong>to=[address]\u003c/strong>\n\n\u003cul>\n\u003cli>default is empty\u003c/li>\n\u003c/ul>\u003c/li>\n\u003cli>\u003cstrong>value=[number]\u003c/strong>\n\n\u003cul>\n\u003cli>default is empty\u003c/li>\n\u003c/ul>\u003c/li>\n\u003cli> \u003cstrong>sendMode=0 | 1 | 2 | 4\u003c/strong>\n\n\u003cul>\n\u003cli>0: ETH (Standard Transaction) 1: Only ETH 2: Only ETC 3: We have no freaking idea 4: Tokens\u003c/li>\n\u003cli>default is 0\u003c/li>\n\u003c/ul>\u003c/li>\n\u003cli> \u003cstrong>tokenSymbol = ARC | ICN | MKR | ....\u003c/strong>\n\n\u003cul>\n\u003cli>default is whatever the first token in the list is if sendMode is set to 4\u003c/li>\n\u003cli>BeerCoin and Unicorn are those words, sans emoji\u003c/li>\n\u003c/ul>\u003c/li>\n\u003cli> \u003cstrong>gasLimit=[number] OR gas=[number]\u003c/strong>\n\n\u003cul>\n\u003cli>default is 21000 and then estimated once a value is inserted. Get in the habit of using this though as our embedded send page will not estimateGas for users.\u003c/li>\n\u003c/ul>\u003c/li>\n\u003cli> \u003cstrong>data=[hex data]\u003c/strong>\n\n\u003cul>\n\u003cli>default is empty\u003c/li>\n\u003c/ul>\u003c/li>\n\u003c/ul>\n\n\u003cp>\u003cstrong>Notes:\u003c/strong>\u003c/p>\n\n\u003cul>\n\u003cli>Nothing is case sensitive. \u003c/li>\n\u003cli>All fields are optional.\u003c/li>\n\u003cli>Token Symbol takes priority over sendMode. So no need to include sendMode if you have a tokenSymbol\u003c/li>\n\u003cli>gasLimit takes priority over gas if both are included\u003c/li>\n\u003cli>Data can only be included in a standard transaction (sendMode=0). If another sendMode is specified, a warning displays for the user. \u003c/li>\n\u003c/ul>\n\n\u003cp>\u003cstrong>Example Links:\u003c/strong>\u003c/p>\n\n\u003cul>\n\u003cli>\u003cp>Tokens: \u003ca href=\"https://www.myetherwallet.com/?to=0x7cB57B5A97eAbe94205C07890BE4c1aD31E486A8&value=1&tokenSymbol=REP&gaslimit=50000#send-transaction\">https://www.myetherwallet.com/?to=0x7cB57B5A97eAbe94205C07890BE4c1aD31E486A8&value=1&tokenSymbol=REP&gaslimit=50000#send-transaction\u003c/a>\u003c/p>\u003c/li>\n\u003cli>\u003cp>Standard TX: \u003ca href=\"https://www.myetherwallet.com/?to=0x7cB57B5A97eAbe94205C07890BE4c1aD31E486A8&value=1&gaslimit=23000&data=0x5468616e6b20796f752c204d455720322e30#send-transaction\">https://www.myetherwallet.com/?to=0x7cB57B5A97eAbe94205C07890BE4c1aD31E486A8&value=1&gaslimit=23000&data=0x5468616e6b20796f752c204d455720322e30#send-transaction\u003c/a>\u003c/p>\u003c/li>\n\u003cli>\u003cp>Only ETH TX: \u003ca href=\"https://www.myetherwallet.com/?to=0x7cB57B5A97eAbe94205C07890BE4c1aD31E486A8&value=1.1&sendMode=1&gaslimit=60000#send-transaction\">https://www.myetherwallet.com/?to=0x7cB57B5A97eAbe94205C07890BE4c1aD31E486A8&value=1.1&sendMode=1&gaslimit=60000#send-transaction\u003c/a>\u003c/p>\u003c/li>\n\u003c/ul>\n\n\u003chr/>\n\n\u003ch1>Misc\u003c/h1>\n\n\u003cp>Pressing the enter key will now unlock your wallet so you don't have to click the button. This has already saved me about 2000 button clicks. It's pretty much the best thing ever. \u003c/p>\n\n\u003chr/>\n\n\u003ch1>The Hardfork\u003c/h1>\n\n\u003cp>Our backend is already set up for the hard fork so we're ready to roll no matter what. The only thing we are still contemplating is how to handle EIP-155 (replay safe TX / new TX signing method). We are ready to switch transaction signing to match the EIP-155 spec. However, we are trying to decide what to do with ETC. Here are the options:\u003c/p>\n\n\u003cp>\u003cstrong>Plan A:\u003c/strong>\u003c/p>\n\n\u003cul>\n\u003cli>\u003cp>Standard Tx will follow EIP-155\u003c/p>\u003c/li>\n\u003cli>\u003cp>Remove Send Only ETH\u003c/p>\u003c/li>\n\u003cli>\u003cp>Remove Send Only ETC from site (until they implement their version of EIP-155?)\u003c/p>\u003c/li>\n\u003cli>\u003cp>Tell people to use an old version of the repo (\u003ca href=\"https://github.com/kvhnuke/etherwallet/releases/tag/v0.3.2.6\">https://github.com/kvhnuke/etherwallet/releases/tag/v0.3.2.6\u003c/a>) if they want to Send Only ETC.\u003c/p>\u003c/li>\n\u003c/ul>\n\n\u003cp>\u003cstrong>Plan B:\u003c/strong> \u003c/p>\n\n\u003cul>\n\u003cli>\u003cp>Standard Tx will follow EIP-155\u003c/p>\u003c/li>\n\u003cli>\u003cp>Remove Send Only ETH\u003c/p>\u003c/li>\n\u003cli>\u003cp>Send Only ETC will use old syntax to send via replay safe split contract\u003c/p>\u003c/li>\n\u003c/ul>\n\n\u003cp>\u003cstrong>Plan C:\u003c/strong>\u003c/p>\n\n\u003cul>\n\u003cli>Leave as is and don't use new transaction EIP-155 signing (until we have more information to make a decision.) \u003c/li>\n\u003c/ul>\n\n\u003cp>Plan A is preferred simply because the Send Transaction controller is already a mess and keeping the old send transaction code makes the entire thing more messy. The problem with Plan A is I really don't feel like answering a bunch of emails from people who want to use the site to Send Only ETC.\u003c/p>\n\n\u003cp>Plan C is only appealing to allow us to know if ETC is going to get on the EIP-155 train in a timely manner. If they aren't, we would go with plan A. The only thing worse than having messy code is having messy code indefinitely.\u003c/p>\n\n\u003cp>Weigh in on which plan you hate the most and tell us what to do. \u003c/p>\n\n\u003chr/>\n\n\u003ch1>Golem Crowdfund Analysis\u003c/h1>\n\n\u003cp>As some of you are aware, we could not handle the traffic during the Golem crowdfund ~10 days ago. Up until the Golem sale, our server has occasionally crashed. The instances were few and far between and never happened at such inopportune moments. The first time we recall is when the DAO Token Creation started. Server crashed, we restarted, and everything was dandy in < 5 minutes. When we were on the flight home from Devcon2, it crashed again. This time it was due to the network attacks. We restarted, everything was fine.\u003c/p>\n\n\u003cp>Since we crashed during the DAO, our setup has changed completely. Everything was re-written in node.js, our servers have grown, and we have switched from geth to Parity.\u003c/p>\n\n\u003cp>When we started receiving requests for supporting Golem and learned about the data value necessary to successfully participate in the crowdfund, we made a few changes in preparation. We increased size of our nodes, we added functionality to automatically add data when the Golem address was entered, we increased our gas \u003cem>price\u003c/em> to 61, rather than the 21 we were using before, and we troubleshooted some issues regarding estimating gas when there is data. If you notice, some of these items are frontend items that have no affect on our node. That's because I was more worried about transactions not being mined or people forgetting to include the data. I'm not a server person. I'm a user experience person.\u003c/p>\n\n\u003cp>We expected there to be a increase in traffic, but not by this much. We went to sleep at 4:45am and my husband woke me up at 6:30am when he couldn't get a test transaction to send via his Ledger (fyi, if a TX has data you need to turn on contract data on your Ledger). When the token sale started and the balances started loading slowly, I knew there was a issue. But with contract at 50% of it's cap and the server not returning errors or giving a 503, there was nothing we could do. Restarting would have done nothing besides ensure than no transactions could go through.\u003c/p>\n\n\u003cp>The last 6 or so token sales have gone off without a hitch. We actually slept through most of them and I we received no reports upon waking of issues. The only reason we knew there was a token sale is there was a load of emails and tweets asking for adding that token as a default token. Golem was different, by a significant margin. \u003c/p>\n\n\u003ch3>There are a few main factors that we believed contributed to the latency of our server:\u003c/h3>\n\n\u003cul>\n\u003cli>We had combined "Send Ether" and "Send Tokens". This means that anyone wanting to send Ether also sent getBalance requests for tokens as well.\u003c/li>\n\u003cli>getTransactionData is 3 calls - it returns the nonce, balance, and gas price so you can make a transaction. This call is one of the more expensive calls and occurs when you are actually generating a transaction.\u003c/li>\n\u003cli>There were an insane amount of people attempting to send Ether and therefore calling getTransactionData and getBalance of ETH and Tokens in their account...all simultaneously.\u003c/li>\n\u003c/ul>\n\n\u003cp>We should take this time to point out that our servers didn't crash like we've seen before. Parity was fine and synced the entire time. The server didn't drop any requests. The problem was the time it took to deliver said requests. That is why some users reported pressing a button and it generating the transaction 12 seconds later. This is known as latency or lag in the backend world and happens when there are a buttload of requests in the queue. \u003c/p>\n\n\u003cp>We should also take the time to point out that our frontend (what you see) is \u003cem>completely separate\u003c/em> from our backend servers that run Parity. The frontend is served via github / cloudflare and never goes down for that reason. So, unlike a more traditional site, reducing the size or format of the frontend plays no role in how our servers handle requests.\u003c/p>\n\n\u003ch3>The Data\u003c/h3>\n\n\u003cp>\u003ca href=\"http://i.imgur.com/HQHEBSK.jpg\">http://i.imgur.com/HQHEBSK.jpg\u003c/a>\u003c/p>\n\n\u003cul>\n\u003cli>\u003cp>\u003cstrong>For the 7am-8am period, we had 708,490 requests.\u003c/strong> Meaning, there were 708k requests for things like getBalance or getTransactionData.\u003c/p>\u003c/li>\n\u003cli>\u003cp>700k/hour gives us an average of \u003cstrong>200 requests per second.\u003c/strong> However, the crowdfund lasted less than 30 minutes, means it is likely that the number of requests per second was even higher during the initial 30 minutes than the latter 30 minutes.\u003c/p>\u003c/li>\n\u003cli>\u003cp>There were \u003cstrong>1264 unique visitors.\u003c/strong> Unique visitors doesn't count the dude who has 3 or 4 tabs open or refreshes upwards of 10 times during that hour, nor does it count anyone not on the \u003ca href=\"https://myetherwallet.com\">https://myetherwallet.com\u003c/a> version of the site (e.g. local users, chrome extension users).\u003c/p>\u003c/li>\n\u003cli>\u003cp>It took ~700 transactions to reach the cap. So <700 people got to participate successfully. \u003c/p>\u003c/li>\n\u003cli>\u003cp>It takes \u003cstrong>0.065s to respond to a single getTransactionData call\u003c/strong>.\u003c/p>\u003c/li>\n\u003cli>\u003cp>It takes \u003cstrong>~6.57s to process 950 simultaneous getTransactionData\u003c/strong>\u003c/p>\u003c/li>\n\u003cli>\u003cp>We can handle \u003cstrong>900-950 simultaneous requests\u003c/strong>. Once it goes above that, the server becomes unresponsive. \u003c/p>\u003c/li>\n\u003c/ul>\n\n\u003cp>At the end of the day, that is an enormous amount of people and requests and far higher than we've seen before. I fully expected to run tests and discover that we were woefully unprepared and our servers fall embarrassingly short of what they should be. They don't. Our performance is not subpar, especially considering we have spent far less relative time perfecting our servers as we have other items on MyEtherWallet. That's not to say we can't be better - I just blame myself a tiny bit less after seeing the stats.\u003c/p>\n\n\u003ch3>Changes to MyEtherWallet to prevent this from happening in the future\u003c/h3>\n\n\u003col>\n\u003cli>\u003cp>Embeddable send page specifically for token sales / crowdfunds will be implemented. This will be similar to \u003ca href=\"http://www.myetherwallet.com/embedded.html\">http://www.myetherwallet.com/embedded.html\u003c/a> but for the send page. It will only accept URLs with query strings for sendMode or tokenSymbol and only load the ETH and/or selected token balance. It will not estimate gas. See the "Better URI support" section for details.\u003c/p>\u003c/li>\n\u003cli>\u003cp>Lightweight mode will be turned on automatically during high-traffic times. This will remove all balances from loading upon wallet unlock, and a user will need to click in order to view their ETH or Token balance.\u003c/p>\u003c/li>\n\u003cli>\u003cp>Changes to give user feedback on the status of their request, even when the server is under extreme load. Giving immediate feedback rather than giving users uninformative errors 30s after a request is sent. The fact this wasn't implemented long ago is fucking bonkers and we're sorry.\u003c/p>\u003c/li>\n\u003cli>\u003cp>Further upgrades to servers and implementation of a proper load balancer to support at least 2x what we current support.\u003c/p>\u003c/li>\n\u003cli>\u003cp>Setting up a "premium" page will act as another "load balancer". Transactions sent via this page will be sent via completely separate backend and only transactions with a fee paid to MyEtherWallet will be accepted. Since 99% of users don't pay, if you do you'll be part of the 1%, ensuring your transaction goes through. ;)\u003c/p>\u003c/li>\n\u003cli>\u003cp>Set up / write out an easier way to run MyEtherWallet connected to custom / local node.\u003c/p>\u003c/li>\n\u003cli>\u003cp>Explore decentralized server option where MyEtherWallet would connect to a list of trusted available nodes.\u003c/p>\u003c/li>\n\u003c/ol>\n\n\u003ch3>Recommendations\u003c/h3>\n\n\u003cp>\u003cstrong>Our first set of recommendations are for people, like Golem, who are holding crowdfunds / token sales.\u003c/strong>\u003c/p>\n\n\u003cul>\n\u003cli>\u003cp>Do anything you can to prevent a mad rush for tokens in a limited amount of time. If MyEtherWallet had operated flawlessly, there is a good chance the sale would have been over in <5 minutes. ~700 people got in on the Golem sale via all methods of sending (mist, geth, MyEtherWallet.....). MyEtherWallet had 1200 unique visitors. This is not ideal.\u003c/p>\u003c/li>\n\u003cli>\u003cp>Write up clean instructions on all the different ways a user can participate in your token sale. Don't recommend any one in particular.\u003c/p>\u003c/li>\n\u003cli>\u003cp>Recommend your users have a contingency plan in place. Maybe MyEtherWallet goes down. Maybe Mist won't sync. Maybe your computer explodes. \u003c/p>\u003c/li>\n\u003cli>\u003cp>Recommend they test far before the token sale and make sure everything goes as expected.\u003c/p>\u003c/li>\n\u003cli>\u003cp>Recommend your users sign a transaction \u003cem>before\u003c/em> the token sale begins and simply broadcast it during the token sale. This also allows the user to double-check their values in a calm environment and eliminates fat finger problems that can occur when the adrenaline is pumping.\u003c/p>\u003c/li>\n\u003c/ul>\n\n\u003cp>\u003cstrong>If you are a user wanting to prepare for a sale you know will sell out fast....\u003c/strong>\u003c/p>\n\n\u003cul>\n\u003cli>\u003cp>Have a contingency plan in place. Don't rely on any one method. Maybe MyEtherWallet goes down. Maybe Mist won't sync. Maybe your computer explodes. \u003c/p>\u003c/li>\n\u003cli>\u003cp>Test far before the token sale and make sure everything goes as expected.\u003c/p>\u003c/li>\n\u003cli>\u003cp>Sign a transaction \u003cem>before\u003c/em> the token sale begins and simply broadcast it during the token sale.\u003c/p>\u003c/li>\n\u003cli>\u003cp>Attempt to run a full node. Stop saying that you're the average user who doesn't need to run a full node. You aren't. You're part of Ethereum in the early days. Your feedback on all clients is valuable and necessary as the ecosystem grows. Get yourself set up and help debug the issues you had while getting set up. Parity and geth have vastly improved in both stability and sync times. Start from scratch after this hard fork and learn something new. \u003c/p>\u003c/li>\n\u003c/ul>\n\n\u003chr/>\n\n\u003cp>tl;dr: I don't blame you. I don't expect anyone to read this whole thing but didn't feel like making multiple posts. 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Malaysian banking group CIMB has joined Ripple’s blockchain-based payments network, RippleNet, seeking faster cross-border payments.\nA strategic partnership between the firms addresses the need for “speedy and cost-efficient international payments” across the ASEAN (Association of Southeast Asian Nations) region, Ripple said Wednesday.\nSpecifically, Ripple’s blockchain-based solution has been deployed to expand CIMB’s existing proprietary remittance system, SpeedSend. The RippleNet integration is already facilitating “instant” remittances through corridors such as to Australia, USA, UK and Hong Kong, the bank stated.\nAs part of the partnership, CIMB said it is also planning to extend the Ripple’s solution to other use cases across the group. SpeedSend currently serves individuals remitting to a number of predominantly Asian countries, including the Philippines, Japan, Singapore, Thailand and India, according to its website.\nRipple’s CEO Brad Garlinghouse said:\n“We’re seeing banks and financial institutions from across the world lean into blockchain solutions because it enables a more transparent, quicker and lower cost payments experience.”\nWhile Ripple offers several payments solutions, one of which uses the XRP crypto token, the firms did not disclose which is being utilized by CIMB.\nAccording to World Bank projections, remittances to Southeast Asia will grow to $120 billion by the end of 2018, while global remittances are expected to grow at $642 billion.\nCIMB Bank image via Shutterstock \n ","html":"\u003cp>Malaysian banking group CIMB has joined Ripple’s blockchain-based payments network, RippleNet, seeking faster cross-border payments.\u003c/p>\n\u003cp>A strategic partnership between the firms addresses the need for “speedy and cost-efficient international payments” across the ASEAN (Association of Southeast Asian Nations) region, Ripple \u003ca href=\"https://ripple.com/insights/cimb-group-joins-ripplenet-to-power-instant-payments-across-asean/\" target=\"_blank\">said\u003c/a> Wednesday.\u003c/p>\n\u003cp>Specifically, Ripple’s blockchain-based solution has been deployed to expand CIMB’s existing proprietary remittance system, SpeedSend. The RippleNet integration is already facilitating “instant” remittances through corridors such as to Australia, USA, UK and Hong Kong, the bank \u003ca href=\"https://www.cimb.com/en/news/news/2018/cimb-group-joins-ripplenet-to-power-instant-payment-across-asean.html\" target=\"_blank\">stated\u003c/a>.\u003c/p>\n\u003cp>As part of the partnership, CIMB said it is also planning to extend the Ripple’s solution to other use cases across the group. SpeedSend currently serves individuals remitting to a number of predominantly Asian countries, including the Philippines, Japan, Singapore, Thailand and India, according to its \u003ca href=\"http://www.speed-send.com/en/about-us/about-speedsend.html\" target=\"_blank\">\u003cspan>website\u003c/span>\u003c/a>\u003cspan>.\u003c/span>\u003c/p>\n\u003cp>Ripple’s CEO Brad Garlinghouse said:\u003c/p>\n\u003cblockquote>\u003cp>“We’re seeing banks and financial institutions from across the world lean into blockchain solutions because it enables a more transparent, quicker and lower cost payments experience.”\u003c/p>\u003c/blockquote>\n\u003cp>While Ripple offers several payments solutions, one of which uses the XRP crypto token, the firms did not disclose which is being utilized by CIMB.\u003c/p>\n\u003cp>According to World Bank \u003ca href=\"https://www.worldbank.org/en/news/press-release/2018/04/23/record-high-remittances-to-low-and-middle-income-countries-in-2017\" target=\"_blank\">projections\u003c/a>, remittances to Southeast Asia will grow to $120 billion by the end of 2018, while global remittances are expected to grow at $642 billion.\u003c/p>\n\u003cp>\u003cem>\u003ca href=\"https://www.shutterstock.com/image-photo/kuala-lumpur-malaysia-august-22-2018-1161799918?src=UQ6QYDrnUGGRFwsDgvRNBA-1-9\" target=\"_blank\">CIMB Bank\u003c/a> image via Shutterstock \u003c/em>\u003c/p>\n ","replyTo":"ripple.com/insights/cimb-group-joins-ripplenet-to-power-instant-payments-across-asean","replyType":"reference","type":"ghost","description":"Malaysian banking group CIMB has joined Ripple’s blockchain-based payments network, RippleNet, seeking faster cross-border 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Nov. 15: yesterday's fall in crypto markets continues today, with Bitcoin (BTC) dipping below the $5,400 mark, and total market capitalization dropping as low as $174 billion, according to data from CoinMarketCap.After an extended period of low price volatility, crypto markets experienced a massive decline yesterday, Nov. 14, with Bitcoin dropping from its average trading price of around $6,400 to as low as $5,506.The recent dive has marked a new volatility record for markets this year. According to BitMEX Daily Historical Bitcoin Volatility Index, Bitcoin volatility rate has exceeded the index of seven for the first time since April this year.BitMEX Daily Historical Bitcoin Volatility Index. Source: BitMEXWhile top 20 cryptocurrencies by market cap are seeing more losses with some coins down almost five percent on the day, major virtual currency Ripple (XRP) has again overtaken Ethereum (ETH) as the second top cryptocurrency in terms of market cap at press time. according to CoinMarketCap.Market visualization from Coin360Bitcoin continues its downward trend today, with its price dipping as low as $5,358. As of press time, the biggest cryptocurrency is down around 4 percent, and is trading at $5,589. In terms of its 7 day outlook, Bitcoin is down almost 14 percent.Bitcoin 24-hour price chart. Source: CoinMarketCapIn contrast, Ripple has managed to see some gains as of press time. XRP is up 2.2 percent and trading at $0.464 at press time. After seeing its intraday low of $0.43, Ripple has continued to hold a relatively stable support of around $0.45 over the day.Ripple 24-hour price chart. Source: CoinMarketCapEthereum, the third top coin by market cap, has dipped below $180 and dropped to as low as $170 earlier today. The altcoin is down around 3.35 percent at press time, and trading at $177.95. Ethereum has seen big losses over the past 7 days, down almost 17 percent.Ethereum price chart. Source: CoinMarketCapTotal market cap has dipped even lower today, dipping below $180 billion. As of press time, market cap is $183.5 billion, seeing a slight rebound from $174 billion earlier the day. At press time, daily trade volume amounts to more than $22.3 billion. The total number of cryptocurrencies listed on CoinMarketCap has decreased to 2,080.Total market capitalization weekly chart. Source: CoinMarketCapMeltem Demirors, the Chief Strategic Officer (CSO) of crypto exchange-traded products firm CoinShares has subsequently commented on the recent breakdown, claiming that the cause of the sudden bear market is that institutions are “taking money off the table” due to the hard fork of Bitcoin Cash (BCH). With that, Bitcoin Cash is suffering the biggest losses over 7 days period, at almost 30 percent as of press time, and is trading at $420.The Bitcoin Cash hard fork is scheduled for today, Nov. 15. Yesterday, the world’s largest crypto exchange OKEx announced early delivery of BCH futures contracts in order to avoid market manipulation and to prevent the crypto markets immense but expected “short-time” volatility.Fundstrat Global Advisors analyst Rob Sluymer predicted that to repair the “technical damage” caused by the recent collapse of Bitcoin will take “weeks, if not months.”","html":"\u003cp>Thursday, Nov. 15: yesterday's fall in \u003ca href=\"https://cointelegraph.com/tags/cryptocurrencies\">crypto\u003c/a> markets continues today, with Bitcoin (\u003ca href=\"https://cointelegraph.com/bitcoin-price-index\">BTC\u003c/a>) dipping below the $5,400 mark, and total \u003ca href=\"https://cointelegraph.com/tags/market-capitalization\">market capitalization\u003c/a> dropping as low as $174 billion, according to data from \u003ca href=\"https://coinmarketcap.com/\" target=\"_blank\">CoinMarketCap\u003c/a>.\u003c/p>\u003cp>After an \u003ca href=\"https://cointelegraph.com/news/crypto-markets-continue-to-see-low-volatility-with-scant-few-coins-budging-in-price?utm_source=telegram&utm_medium=social\">extended period\u003c/a> of low price volatility, crypto markets experienced a \u003ca href=\"https://cointelegraph.com/news/markets-see-massive-selloff-bitcoin-dips-below-5-600-for-the-first-time-in-2018\">massive decline\u003c/a> yesterday, Nov. 14, with Bitcoin dropping from its average trading price of around $6,400 to as low as $5,506.\u003c/p>\u003cp>The recent dive has marked a new volatility record for markets this year. According to \u003ca href=\"https://www.bitmex.com/app/index/.BVOL24H\" target=\"_blank\">BitMEX Daily Historical Bitcoin Volatility Index\u003c/a>, Bitcoin volatility rate has exceeded the index of seven for the first time since April this year.\u003c/p>\u003cp>\u003cimg alt=\"BitMEX Daily Historical Bitcoin Volatility Index\" src=\"https://s3.cointelegraph.com/storage/uploads/view/f93a27fbd978379b15cb181c3e8c25e0.png\" title=\"BitMEX Daily Historical Bitcoin Volatility Index\">\u003c/p>\u003cp>\u003cem>BitMEX Daily Historical Bitcoin Volatility Index. Source: \u003ca href=\"https://www.bitmex.com/app/index/.BVOL24H\" target=\"_blank\">BitMEX\u003c/a>\u003c/em>\u003c/p>\u003cp>While top 20 cryptocurrencies by market cap are seeing more losses with some coins down almost five percent on the day, major virtual currency Ripple (\u003ca href=\"https://cointelegraph.com/xrp-price-index\">XRP\u003c/a>) has again overtaken Ethereum (\u003ca href=\"https://cointelegraph.com/ethereum-price-index\">ETH\u003c/a>) as the second top cryptocurrency in terms of market cap at press time. according to \u003ca href=\"https://coinmarketcap.com/\" target=\"_blank\">CoinMarketCap\u003c/a>.\u003c/p>\u003cp>\u003cimg alt=\"Market visualization from Coin360\" src=\"https://s3.cointelegraph.com/storage/uploads/view/36576d415c64142a4df7c85b2c2b37aa.png\" title=\"Market visualization from Coin360\">\u003c/p>\u003cp>\u003cem>Market visualization from \u003ca href=\"https://coin360.com/\" target=\"_blank\">Coin360\u003c/a>\u003c/em>\u003c/p>\u003cp>Bitcoin continues its downward trend today, with its price dipping as low as $5,358. As of press time, the biggest cryptocurrency is down around 4 percent, and is trading at $5,589. In terms of its 7 day outlook, Bitcoin is down almost 14 percent.\u003c/p>\u003cp>\u003cimg alt=\"Bitcoin 24-hour price chart\" src=\"https://s3.cointelegraph.com/storage/uploads/view/b335b3641a0de3d3abb4f71a6014c6d1.jpeg\" title=\"Bitcoin 24-hour price chart\">\u003c/p>\u003cp>\u003cem>Bitcoin 24-hour price chart. Source: \u003ca href=\"https://coinmarketcap.com/currencies/bitcoin/\" target=\"_blank\">CoinMarketCap\u003c/a>\u003c/em>\u003c/p>\u003cp>In contrast, Ripple has managed to see some gains as of press time. XRP is up 2.2 percent and trading at $0.464 at press time. After seeing its intraday low of $0.43, Ripple has continued to hold a relatively stable support of around $0.45 over the day.\u003c/p>\u003cp>\u003cimg alt=\"Ripple 24-hour price chart\" src=\"https://s3.cointelegraph.com/storage/uploads/view/363ae67ca7abc62030ba9da19f504947.jpeg\" title=\"Ripple 24-hour price chart\">\u003c/p>\u003cp>\u003cem>Ripple 24-hour price chart. Source: \u003ca href=\"https://coinmarketcap.com/currencies/ripple/\" target=\"_blank\">CoinMarketCap\u003c/a>\u003c/em>\u003c/p>\u003cp>Ethereum, the third top coin by market cap, has dipped below $180 and dropped to as low as $170 earlier today. The altcoin is down around 3.35 percent at press time, and trading at $177.95. Ethereum has seen big losses over the past 7 days, down almost 17 percent.\u003c/p>\u003cp>\u003cimg alt=\"Ethereum price chart\" src=\"https://s3.cointelegraph.com/storage/uploads/view/5e2564a9afe659096bc5eedcfbfb30b2.jpeg\" title=\"Ethereum price chart\">\u003c/p>\u003cp>\u003cem>Ethereum price chart. Source: \u003ca href=\"https://coinmarketcap.com/currencies/ethereum/\" target=\"_blank\">CoinMarketCap\u003c/a>\u003c/em>\u003c/p>\u003cp>Total market cap has dipped even lower today, dipping below $180 billion. As of press time, market cap is $183.5 billion, seeing a slight rebound from $174 billion earlier the day. At press time, daily trade volume amounts to more than $22.3 billion. The total number of cryptocurrencies listed on CoinMarketCap has \u003ca href=\"https://cointelegraph.com/news/crypto-markets-see-mixed-signals-while-bch-and-xlm-grow-significantly?utm_source=Telegram&utm_medium=social\">decreased\u003c/a> to 2,080.\u003c/p>\u003cp>\u003cimg alt=\"Total market capitalization weekly chart\" src=\"https://s3.cointelegraph.com/storage/uploads/view/525ab2004db18d14a90c7e69319ec0b7.jpeg\" title=\"Total market capitalization weekly chart\">\u003c/p>\u003cp>\u003cem>Total market capitalization weekly chart. Source: \u003ca href=\"https://coinmarketcap.com/charts/\" target=\"_blank\">CoinMarketCap\u003c/a>\u003c/em>\u003c/p>\u003cp>Meltem Demirors, the Chief Strategic Officer (CSO) of crypto exchange-traded products firm CoinShares has subsequently \u003ca href=\"https://cointelegraph.com/news/coinshares-cso-demirors-urges-calm-among-bitcoin-investors-as-prices-slide-12-percent\">commented\u003c/a> on the recent breakdown, claiming that the cause of the sudden bear market is that institutions are “taking money off the table” due to the \u003ca href=\"https://cointelegraph.com/news/ahead-of-bitcoin-cash-hard-fork-the-coins-competing-visions-vie-for-hash-rate\">hard fork\u003c/a> of Bitcoin Cash (\u003ca href=\"https://cointelegraph.com/tags/bitcoin-cash\">BCH\u003c/a>). With that, Bitcoin Cash is suffering the \u003ca href=\"https://coinmarketcap.com/all/views/all/\" target=\"_blank\">biggest losses\u003c/a> over 7 days period, at almost 30 percent as of press time, and is trading at $420.\u003c/p>\u003cp>The Bitcoin Cash hard fork is \u003ca href=\"https://cointelegraph.com/news/bitmex-releases-fork-monitoring-tool-in-run-up-to-bitcoin-cash-hard-fork\">scheduled\u003c/a> for today, Nov. 15. Yesterday, the world’s \u003ca href=\"https://coinmarketcap.com/rankings/exchanges/\" target=\"_blank\">largest\u003c/a> crypto exchange \u003ca href=\"https://cointelegraph.com/tags/okex\">OKEx\u003c/a> \u003ca href=\"https://cointelegraph.com/news/okex-notes-early-delivery-of-bch-futures-after-trading-stop-to-avoid-market-manipulation\">announced\u003c/a> early delivery of BCH futures contracts in order to avoid market manipulation and to prevent the crypto markets immense but expected “short-time” volatility.\u003c/p>\u003cp>Fundstrat Global Advisors analyst Rob Sluymer \u003ca href=\"https://cointelegraph.com/news/bitcoins-breakdown-will-take-weeks-if-not-months-to-rebound-says-fundstrat-analyst\">predicted\u003c/a> that to repair the “technical damage” caused by the recent collapse of Bitcoin will take “weeks, if not months.”\u003c/p>","type":"ghost","description":"Major cryptocurrencies continue to see losses after yesterday’s drop in markets, XRP has overtaken Ethereum as the number two coin by market capitalization.","__at":"2024-10-15T16:32:32.791Z","boosted":false,"safeId":"cointelegraphcomnewsafteryesterdaysbloodbathlossescontinueformajorcryptosxrpovertakesethereum","origin":"cointelegraph.com"},"cointelegraph.com/news/malaysian-lending-giant-cimb-joins-ripples-cross-border-payment-network":{"original":{"headers":{"date":["Tue, 28 May 2019 23:19:28 GMT"],"content-type":["text/html; 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As Bloomberg reports, CIMB’s product serves multiple Southeast Asian markets, including the Philippines, Vietnam and Thailand.As Bloomberg notes, Ripple is vying to outstrip incumbent money transfer giant SWIFT (Society for Worldwide Interbank Financial Telecommunication) in the global cross-border payments industry. The latter’s website claims SWIFT currently serves over 11,000 clients across 200 countries.In an interview with Bloomberg at the Singapore Fintech Festival 2018 this week, Ripple CEO Brad Garlinghouse responded to the reporter’s question in regard to rumors of a possible SWIFT partnership or even future takeover by Ripple, saying:“Swift is owned by banks, Ripple is here to help the banks [...] what we are doing on a day-to-day basis is in fact taking over SWIFT. We’ve signed well over 100 banks, some of the world’s largest SWIFT-enabled banks are now using Ripple’s technology.”Bloomberg cites data from the World Bank that forecasts that the total value of global remittances is set to rise to $642 billion this year, up almost 5 percent from $613 billion in 2017.While XCurrent does not use Ripple’s native token XRP, the latter has soared by almost 77 percent in value over the past three months, according to Cointelegraph’s Ripple Price Index.The asset’s strong growth comes even as financial services and tech industry giants such as Standard Chartered (SC) and Ant Financial have been evolving alternative blockchain-based cross-border remittance solutions.Just two days ago, major Japanese bank holding and financial services company MUFG announced it was also joining RippleNet to create a new cross-border payments service to Brazil, as the network continues to gain traction with banks for remittance solutions worldwide.","html":"\u003cp>Malaysian lending giant CIMB Group Holdings Bhd has joined Ripple’s (\u003ca href=\"https://cointelegraph.com/xrp-price-index\">XRP\u003c/a>) cross-border payments network RippleNet, Bloomberg \u003ca href=\"https://www.bloomberg.com/news/articles/2018-11-15/malaysia-s-cimb-to-partner-with-ripple-in-cross-border-payments?srnd=cryptocurrencies\" target=\"_blank\">reports\u003c/a> Nov. 15.\u003c/p>\u003cp>The \u003ca href=\"https://www.bloomberg.com/quote/CIMB:MK\" target=\"_blank\">$53.5 billion\u003c/a> market cap CIMB will integrate Ripple’s XCurrent product, a software solution for expediting cross-border payments, for its “SpeedSend” remittance product. As Bloomberg reports, CIMB’s product serves multiple Southeast Asian markets, including the Philippines, Vietnam and Thailand.\u003c/p>\u003cp>As Bloomberg notes, Ripple is vying to outstrip incumbent money transfer giant \u003ca href=\"https://cointelegraph.com/tags/swift\">SWIFT\u003c/a> (Society for Worldwide Interbank Financial Telecommunication) in the global cross-border payments industry. The latter’s website claims SWIFT currently serves over \u003ca href=\"https://www.swift.com/about-us\" target=\"_blank\">11,000 clients\u003c/a> across 200 countries.\u003c/p>\u003cp>In an \u003ca href=\"https://www.youtube.com/watch?v=ctsvr6MgNMA\" target=\"_blank\">interview\u003c/a> with Bloomberg at the Singapore Fintech Festival 2018 this week, Ripple CEO Brad Garlinghouse responded to the reporter’s question in regard to rumors of a possible SWIFT partnership or even future takeover by Ripple, saying:\u003c/p>\u003cblockquote>\u003cp>“Swift is owned by banks, Ripple is here to help the banks [...] what we are doing on a day-to-day basis is in fact taking over SWIFT. We’ve signed well over 100 banks, some of the world’s largest SWIFT-enabled banks are now using Ripple’s technology.”\u003c/p>\u003c/blockquote>\u003cp>Bloomberg cites data from the World Bank that forecasts that the total value of global remittances is set to rise to $642 billion this year, up almost 5 percent from $613 billion in 2017.\u003c/p>\u003cp>While XCurrent does not use Ripple’s native token XRP, the latter has soared by almost 77 percent in value over the past three months, according to Cointelegraph’s \u003ca href=\"https://cointelegraph.com/xrp-price-index\">Ripple Price Index\u003c/a>.\u003c/p>\u003cp>The asset’s strong growth comes even as financial services and tech industry giants such as \u003ca href=\"https://cointelegraph.com/news/mitsubishi-mufg-conduct-successful-pilot-payment-with-major-thai-banks-blockchain\">Standard Chartered\u003c/a> (SC) and \u003ca href=\"https://cointelegraph.com/news/alibaba-offshoot-trials-first-blockchain-remittance-to-philippines-plans-global-expansion\">Ant Financial\u003c/a> have been evolving alternative \u003ca href=\"https://cointelegraph.com/tags/blockchain\">blockchain\u003c/a>-based cross-border remittance solutions.\u003c/p>\u003cp>Just two days ago, major \u003ca href=\"https://cointelegraph.com/tags/japan\">Japanese\u003c/a> bank holding and financial services company \u003ca href=\"https://cointelegraph.com/tags/mufg\">MUFG\u003c/a> \u003ca href=\"https://cointelegraph.com/news/japans-banking-giant-mufg-signs-mou-to-develop-ripple-based-remittances-to-brazil\">announced\u003c/a> it was also joining RippleNet to create a new cross-border payments service to \u003ca href=\"https://cointelegraph.com/tags/brazil\">Brazil\u003c/a>, as the network continues to gain \u003ca href=\"https://cointelegraph.com/news/consortium-of-61-japanese-banks-to-release-instant-mobile-payment-app-powered-by-ripple\">traction\u003c/a> with banks for remittance solutions \u003ca href=\"https://cointelegraph.com/news/south-korean-bank-plans-commercial-ripple-remittances-by-2019\">worldwide\u003c/a>.\u003c/p>","replyTo":"bloomberg.com/news/articles/2018-11-15/malaysia-s-cimb-to-partner-with-ripple-in-cross-border-payments","replyType":"reference","type":"ghost","description":"Malaysian lending giant CIMB Group Holdings Bhd. has signed on to use Ripple’s xCurrent technology for expediting cross-border payments.","__at":"2024-10-15T16:32:32.791Z","boosted":false,"safeId":"cointelegraphcomnewsmalaysianlendinggiantcimbjoinsripplescrossborderpaymentnetwork","origin":"cointelegraph.com"},"ripple.com/insights/cimb-group-joins-ripplenet-to-power-instant-payments-across-asean":{"original":{},"title":"Cimb group joins ripplenet to power instant payments across 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It's Thursday. Welcome to our daily discussion thread.\n\n\nYou can discuss anything related to Ripple and XRP here.\n\nBefore posting, read the r/Ripple rules on the sidebar and also check out the thread containing helpful links: https://redd.it/7l94ng\n\nIf you see any rule-breaking content, please report it.\n\nHere's a list of social channels:\n\n[Telegram](https://t.me/ZerpBox)\n\n[Discord](https://discord.gg/qgfVERN), and some features in our Discord:\n\n* Tweets from ripple official, staff, community contributors and many more;\n\n* Multi-language chat rooms for Ripple supporters all over the world\n\n**The invitation link** - https://discord.gg/qgfVERN\n\nWe use [public mod logs](https://r.go1dfish.me/r/ripple/about/log) to ensure transparency in the subbreddit. If you have been suspended or banned due to a rule violation, you may appeal the penalty by contacting the moderator team [modmail](https://www.reddit.com/message/compose?to=%2Fr%2FRipple) or PM u/Bonkill","html":"\u003cp>Hello! It's Thursday. Welcome to our daily discussion thread.\u003c/p>\n\n\u003cp>You can discuss anything related to Ripple and XRP here.\u003c/p>\n\n\u003cp>Before posting, read the \u003ca href=\"/r/Ripple\">r/Ripple\u003c/a> rules on the sidebar and also check out the thread containing helpful links: \u003ca href=\"https://redd.it/7l94ng\">https://redd.it/7l94ng\u003c/a>\u003c/p>\n\n\u003cp>If you see any rule-breaking content, please report it.\u003c/p>\n\n\u003cp>Here's a list of social channels:\u003c/p>\n\n\u003cp>\u003ca href=\"https://t.me/ZerpBox\">Telegram\u003c/a>\u003c/p>\n\n\u003cp>\u003ca href=\"https://discord.gg/qgfVERN\">Discord\u003c/a>, and some features in our Discord:\u003c/p>\n\n\u003cul>\n\u003cli>\u003cp>Tweets from ripple official, staff, community contributors and many more;\u003c/p>\u003c/li>\n\u003cli>\u003cp>Multi-language chat rooms for Ripple supporters all over the world\u003c/p>\u003c/li>\n\u003c/ul>\n\n\u003cp>\u003cstrong>The invitation link\u003c/strong> - \u003ca href=\"https://discord.gg/qgfVERN\">https://discord.gg/qgfVERN\u003c/a>\u003c/p>\n\n\u003cp>We use \u003ca href=\"https://r.go1dfish.me/r/ripple/about/log\">public mod logs\u003c/a> to ensure transparency in the subbreddit. If you have been suspended or banned due to a rule violation, you may appeal the penalty by contacting the moderator team \u003ca href=\"https://www.reddit.com/message/compose?to=%2Fr%2FRipple\">modmail\u003c/a> or PM \u003ca href=\"/u/Bonkill\">u/Bonkill\u003c/a>\u003c/p>"},"title":"Daily Ripple/XRP Discussion Thread 11/15/18 [Questions and Price 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Coins turned into bitcoin - literally in seconds - received over the Lightning Network. \n\nHave fun and build your own 😊 ⚡️ 🔥 ","timely":true,"channel":[null],"totalUpvotes":1245,"score":1257,"nReplies":1,"image":{"url":"https://pbs.twimg.com/ext_tw_video_thumb/1170807894943707137/pu/img/w_oMJCMvDhbMZn6L.jpg","width":640,"height":352,"_id":"670e99b7be1845f5b9024907"},"type":"tweet","origin":"","__at":"2024-10-15T16:35:03.419Z","boosted":false,"safeId":"1170808396955738114","html":"I built the LightningATM. Coins turned into bitcoin - literally in seconds - received over the Lightning Network. \u003cbr>\u003cbr>Have fun and build your own 😊 ⚡️ 🔥 ","icon":"twitter"},"1170812366940004352":{"original":{"full_text":"BTC and Alts market cycle.\nBTC reversal historically has front run Alts season.\n\nAlts tend to die while money flows in BTC, especially in reversal rally.\n\nPost reversal, BTC tends to range.\nOnly then Alts start following the overall trend, ergo, altseasons. https://t.co/992pIIQg1k","display_text_range":[0,257],"entities":{"user_mentions":[],"urls":[],"media":[{"id":1170812355049066500,"id_str":"1170812355049066499","indices":[258,281],"media_url":"http://pbs.twimg.com/media/ED-PojlWkAMi3J3.png","media_url_https":"https://pbs.twimg.com/media/ED-PojlWkAMi3J3.png","url":"https://t.co/992pIIQg1k","display_url":"pic.twitter.com/992pIIQg1k","expanded_url":"https://twitter.com/IamCryptoWolf/status/1170812366940004352/photo/1","type":"photo","sizes":{"medium":{"w":1200,"h":563,"resize":"fit"},"thumb":{"w":150,"h":150,"resize":"crop"},"large":{"w":1828,"h":858,"resize":"fit"},"small":{"w":680,"h":319,"resize":"fit"}}}]},"extended_entities":{"media":[{"id":1170812355049066500,"id_str":"1170812355049066499","indices":[258,281],"media_url":"http://pbs.twimg.com/media/ED-PojlWkAMi3J3.png","media_url_https":"https://pbs.twimg.com/media/ED-PojlWkAMi3J3.png","url":"https://t.co/992pIIQg1k","display_url":"pic.twitter.com/992pIIQg1k","expanded_url":"https://twitter.com/IamCryptoWolf/status/1170812366940004352/photo/1","type":"photo","sizes":{"medium":{"w":1200,"h":563,"resize":"fit"},"thumb":{"w":150,"h":150,"resize":"crop"},"large":{"w":1828,"h":858,"resize":"fit"},"small":{"w":680,"h":319,"resize":"fit"}}}]},"source":"\u003ca href=\"https://mobile.twitter.com\" rel=\"nofollow\">Twitter Web App\u003c/a>","user":{"id_str":"898155965899526145","name":"Wolf 🐺","screen_name":"IamCryptoWolf","location":"","description":"Engineer. Analyst. Trader. Wolf's VIP inquiries: https://t.co/bExUJhnNPn T.V.: https://t.co/ciJnb7LyBA","url":"https://t.co/bExUJhnNPn","entities":{"url":{"urls":[{"url":"https://t.co/bExUJhnNPn","expanded_url":"https://t.me/joinchat/AAAAAFcQ4mzqcbKadx6s2w","display_url":"t.me/joinchat/AAAAA…","indices":[0,23]}]},"description":{"urls":[{"url":"https://t.co/bExUJhnNPn","expanded_url":"https://t.me/joinchat/AAAAAFcQ4mzqcbKadx6s2w","display_url":"t.me/joinchat/AAAAA…","indices":[49,72]},{"url":"https://t.co/ciJnb7LyBA","expanded_url":"https://www.tradingview.com/u/IamCryptoWolf/","display_url":"tradingview.com/u/IamCryptoWol…","indices":[79,102]}]}},"followers_count":51533,"friends_count":874,"listed_count":893,"created_at":"Thu Aug 17 12:14:04 +0000 2017","favourites_count":4601,"geo_enabled":true,"statuses_count":6127,"lang":null,"profile_image_url_https":"https://pbs.twimg.com/profile_images/1207449876478353409/Y7gas8Ve_normal.jpg","translator_type":"none"},"retweet_count":322,"favorite_count":962,"lang":"en","added":"2021-03-31T19:02:23.304Z"},"title":"","author":"Wolf 🐺 @IamCryptoWolf","replies":["t1_f5ruyo3","t1_f5rpfwq","1189227126333100033","1179408100551475201"],"directReplies":["1179408100551475201"],"upvotes":1000,"indicators":[],"topics":[{"topic":"all","activity":930,"score":939,"relativeScore":1},{"topic":"crypto","activity":928,"score":937,"relativeScore":1},{"topic":"btc","activity":928,"score":937,"relativeScore":1}],"context":{"all":{"topic":"all","activity":930,"score":939,"relativeScore":1},"crypto":{"topic":"crypto","activity":928,"score":937,"relativeScore":1},"btc":{"topic":"btc","activity":928,"score":937,"relativeScore":1}},"gotReplies":false,"pinned":{},"editorializers":{},"parents":[],"referrals":[],"_id":"1170812366940004352","added":"2021-03-31T19:41:35.561Z","source":"twitter.com","updates":1,"time":1567978395000,"first":1617217343304,"favorites":1538,"image":{"url":"https://pbs.twimg.com/media/ED-PojlWkAMi3J3.png","width":1200,"height":563,"_id":"670e99b7be1845f5b9024908"},"content":"BTC and Alts market cycle.\nBTC reversal historically has front run Alts season.\n\nAlts tend to die while money flows in BTC, especially in reversal rally.\n\nPost reversal, BTC tends to range.\nOnly then Alts start following the overall trend, ergo, altseasons.\n\t\t\t\t\t\n\nBTC and Alts market cycle. *UPDATE*\n\nBitcoin trading range within the monthly candle of its local top:\n\n- BTC drops, first signs of Alts resilience.\n- Alts dominance slow grinding up, with acceleration to be expected by end of Q4.\n\t\t\t\t\t\n\nBTC and Alts market cycle. *UPDATE*\n\nAnalysis still valid.","url":"https://twitter.com/IamCryptoWolf/status/1170812366940004352","totalUpvotes":930,"score":939,"nReplies":4,"type":"tweet","origin":"","merged":true,"__at":"2024-10-15T16:35:03.419Z","boosted":false,"safeId":"1170812366940004352","html":"BTC and Alts market cycle.\u003cbr>BTC reversal historically has front run Alts season.\u003cbr>\u003cbr>Alts tend to die while money flows in BTC, especially in reversal rally.\u003cbr>\u003cbr>Post reversal, BTC tends to range.\u003cbr>Only then Alts start following the overall trend, ergo, altseasons.\u003cbr>\t\t\t\t\t\u003cbr>\u003cbr>BTC and Alts market cycle. *UPDATE*\u003cbr>\u003cbr>Bitcoin trading range within the monthly candle of its local top:\u003cbr>\u003cbr>- BTC drops, first signs of Alts resilience.\u003cbr>- Alts dominance slow grinding up, with acceleration to be expected by end of Q4.\u003cbr>\t\t\t\t\t\u003cbr>\u003cbr>BTC and Alts market cycle. *UPDATE*\u003cbr>\u003cbr>Analysis still valid.","icon":"twitter"},"cointelegraph.com/news/top-5-crypto-performers-xmr-eos-bch-btc-dash":{"original":{"headers":{"date":["Sun, 08 Sep 2019 17:40:30 GMT"],"content-type":["text/html; charset=UTF-8"],"transfer-encoding":["chunked"],"connection":["close"],"set-cookie":["__cfduid=d13d54698b706ce89f64a1d7ff23b2d121567964430; expires=Mon, 07-Sep-20 17:40:30 GMT; path=/; domain=.cointelegraph.com; HttpOnly; Secure","cointelegraph_com_session=eyJpdiI6IkZGRmh1TUh4bWdyQVwvazNsNnE1WkNRPT0iLCJ2YWx1ZSI6IkJ5bzdTVlZjblJ5T2l5WEVUb09oNFwvdnZXQTJueEgzeFcrTWp5KzFQdktZbWI5TkJUNmpUbGJLeFVneGt5SXVJIiwibWFjIjoiZjkxN2JmNzM0YjFjZGFjYzgxZTU2NWRhZmQxNjVjNTdlMTAwMDllZWNhYjNiNWE3ZDc1YmQ2YTA5Nzg4NDg4MiJ9; path=/; domain=.cointelegraph.com; httponly","auth=no; expires=Fri, 06-Sep-2024 17:40:30 GMT; Max-Age=157680000; path=/; domain=.cointelegraph.com; httponly","__cflb=2345499920; Secure; path=/; expires=Sun, 08-Sep-19 18:40:30 GMT; HttpOnly"],"x-powered-by":["PHP/7.3.0"],"x-authorized":["1"],"x-time":["-"],"x-cache-status":["BYPASS"],"expect-ct":["max-age=604800, report-uri=\"https://report-uri.cloudflare.com/cdn-cgi/beacon/expect-ct\""],"server":["cloudflare"],"cf-ray":["5132b53b088bd4a4-BRU"],"content-encoding":["gzip"]},"status":200,"description":"Can the top performers of the past week build on the gains and turn bullish? Let’s look at the charts.","tags":["Bitcoin News","Dash","Monero","Bitcoin Cash","EOS"],"id":31184,"views":320,"shares":30},"title":"Top-5 Crypto Performers: XMR, EOS, BCH, BTC, DASH","author":"Rakesh Upadhyay","replies":["1170751161663545347","1170756382452256768","1170768736263036928","1170767244793696257","1170778482760146954","1170778272592015362","1170778221039751169","1170752772142182400","bit.ly/2LDBxya","1170797030765203456","1170835398802567168","1170751853782548481","1170852314459996160","1171000291686342656","1171010880986742784","1171043553180553219","1171339026667905024","1173536406339293184","1174234608642220032"],"directReplies":["1170751161663545347","1171010880986742784","1173536406339293184","bit.ly/2LDBxya"],"upvotes":33.2,"indicators":[],"topics":[{"topic":"all","activity":81,"score":82,"relativeScore":1},{"topic":"crypto","activity":80,"score":81,"relativeScore":1},{"topic":"btc","activity":33,"score":33,"relativeScore":0.41},{"topic":"bch","activity":13,"score":13,"relativeScore":0.16},{"topic":"dash","activity":13,"score":13,"relativeScore":0.16},{"topic":"xmr","activity":11,"score":12,"relativeScore":0.15},{"topic":"eos","activity":10,"score":10,"relativeScore":0.12}],"context":{"all":{"topic":"all","activity":81,"score":82,"relativeScore":1},"crypto":{"topic":"crypto","activity":80,"score":81,"relativeScore":1},"btc":{"topic":"btc","activity":33,"score":33,"relativeScore":0.41},"bch":{"topic":"bch","activity":13,"score":13,"relativeScore":0.16},"dash":{"topic":"dash","activity":13,"score":13,"relativeScore":0.16},"xmr":{"topic":"xmr","activity":11,"score":12,"relativeScore":0.15},"eos":{"topic":"eos","activity":10,"score":10,"relativeScore":0.12}},"gotReplies":false,"pinned":{},"editorializers":{},"parents":[{"_id":"cointelegraph.com/news/fed-chair-says-agency-monitoring-crypto-but-not-developing-its-own","url":"https://cointelegraph.com/news/fed-chair-says-agency-monitoring-crypto-but-not-developing-its-own","type":"reference"},{"_id":"cointelegraph.com/news/chinas-national-crypto-similar-to-libra-central-bank-official-says","url":"https://cointelegraph.com/news/chinas-national-crypto-similar-to-libra-central-bank-official-says","type":"reference"},{"_id":"cointelegraph.com/news/bakkt-warehouse-launches-deposits-and-withdrawals-as-planned","url":"https://cointelegraph.com/news/bakkt-warehouse-launches-deposits-and-withdrawals-as-planned","type":"reference"},{"_id":"cointelegraph.com/bitcoin-cash-price-index","url":"https://cointelegraph.com/bitcoin-cash-price-index","type":"reference"},{"_id":"cointelegraph.com/news/bitcoin-cash-cant-mine-blocks-bigger-than-2mb-lead-dev-suggests","url":"https://cointelegraph.com/news/bitcoin-cash-cant-mine-blocks-bigger-than-2mb-lead-dev-suggests","type":"reference"},{"_id":"coinmarketcap.com/charts","url":"https://coinmarketcap.com/charts","type":"reference"},{"_id":"cointelegraph.com/news/no-altseason-until-bitcoin-breaks-20k-says-hedge-fund-manager","url":"https://cointelegraph.com/news/no-altseason-until-bitcoin-breaks-20k-says-hedge-fund-manager","type":"reference"},{"_id":"cointelegraph.com/news/mystery-94k-btc-transaction-becomes-richest-non-exchange-address","url":"https://cointelegraph.com/news/mystery-94k-btc-transaction-becomes-richest-non-exchange-address","type":"reference"},{"_id":"youtube.com/watch?v=YhYmPe--1oU","url":"https://www.youtube.com/watch?v=YhYmPe--1oU","type":"reference"}],"referrals":[],"_id":"cointelegraph.com/news/top-5-crypto-performers-xmr-eos-bch-btc-dash","updates":13,"time":1567963320000,"first":1567964040013,"url":"https://cointelegraph.com/news/top-5-crypto-performers-xmr-eos-bch-btc-dash","source":"cointelegraph.com","added":"2021-03-08T13:19:39.205Z","timely":true,"channel":[null],"totalUpvotes":81,"score":82,"nReplies":7,"content":"The United States Federal Reserve is not working on a digital currency of its own, said Fed Chair Jerome Powell. He said that cyber security issues are likely to deter central banks from releasing their own digital currency. However, reports suggest that China might launch its digital currency as early as Nov. 11. If the Chinese digital currency becomes a success, it will force other central banks to launch their own to keep up with the competition. There are several important events lined up in the next few months that are likely to be positive for cryptocurrencies. The first such event is the launch of Bakkt futures later this month. We expect volatility to pick up just before the launch and remain high for the first few days as both bulls and bears attempt to establish their supremacy. Let’s study the charts to locate the critical levels, which will confirm the resumption of the uptrend. XMR/USDMonero (XMR) was the best performer among major cryptocurrencies by a wide margin. It has rallied close to 15% in the past seven days. Does this rise indicate the start of a new uptrend or is this just another pullback that will be sold into? Let’s analyze its chart.The XMR/USD pair has formed a descending wedge pattern. If the price breaks out of the wedge, it can move up to $97.9733 and above it to $120. Therefore, aggressive traders can buy on a close (UTC time) above the wedge and keep a stop loss of $65.Contrary to our assumption, if the price fails to sustain above the wedge, bears will again try to break down below it. Such a move will be a huge negative and can result in a fall to $40. Though there is minor support at $60, we expect it to be broken.In the short term, both moving averages are flat and the RSI is just below the midpoint, which points to consolidation. EOS/USDEOS is the second-best performer and has risen over 10% in the past seven days. Is this a dead cat bounce or the start of a sustainable rally? Let's analyze its chart.The EOS/USD pair is currently correcting in a descending channel. The 20-week EMA is sloping down gradually and the RSI is in the negative zone, which suggests that bears have the upper hand.However, bulls are defending the support at $3.1534. Though this level has been tested thrice since early March of this year, the bears have not been able to break below it. If bulls can propel the pair above the descending channel, it will be a positive sign. The next level to watch on the upside is $4.8719. Both moving averages are located just below this resistance. Hence, a breakout of $4.8719 will indicate the start of a new uptrend and can be purchased with stops below recent lows. The target objective will be a move back to $9 in the medium term.BCH/USDThe second-largest fantasy sports service Fanduel has added support for cryptocurrencies, including Bitcoin Cash (BCH) for members to top up their accounts. One of the world's biggest Bitcoin Cash conferences was held in Townsville, Australia. The town has several outlets that support digital currency payments, which shows increased crypto adoption. On the fundamental front, a lead developer of Bitcoin Cash said that the network was unable to process large blocks of transactions having a size of two megabytes or larger. The BCH/USD pair is attempting to bounce off the neckline of the head-and-shoulders (H&S) pattern. This shows that bulls are defending this support level. However, unless they propel the price above the right shoulder at $360, we anticipate bears to again attempt a break below the neckline. If the pair plummets below the neckline, it will complete the bearish H&S pattern, which can drag the price to $105.On the other hand, if bulls push the price above $360, it is likely to pick up momentum and rise to $515.35. A breakout of this level will invalidate the bearish pattern, which is a bullish sign. Traders can initiate long positions on a breakout and close (UTC time) above $360 with stops below the neckline.BTC/USDThe dominance of Bitcoin (BTC) has remained close to the 70% mark in the past week. This steady rise in Bitcoin’s dominance has left most altcoins struggling. Cantering Clark, a hedge fund manager and co-founder of Blockroots, believes that altcoin rally will start after Bitcoin breaks out to new highs or if its dominance drops below 40%. However, with the launch of Bakkt nearing, the spotlight is likely to remain on Bitcoin for the next few weeks. A recent event that caught the eye was a mystery transaction of 94,504 BTC. This made the recipient’s wallet the richest Bitcoin address that does not belong to an exchange. Will Bitcoin volatility increase in the next few days? What are the critical levels to watch on the upside and downside? Let’s look at the chart. We like the sharp bounce in the BTC/USD pair from the trendline of the symmetrical triangle. This shows accumulation by bulls when the pair dips to the strong support of $9,080. The cryptocurrency can now rise to the downtrend line of the symmetrical triangle. A breakout of the triangle will be a positive sign that has a target objective of $15,376.96. Therefore, traders can buy on a close (UTC time) above the downtrend line and keep a stop loss of $9,000. The up-sloping moving averages and RSI above 50 show that bulls hold the advantage.Our bullish view will be invalidated if the price reverses direction from current levels or the downtrend line of the triangle and plummets below $9,080. Such a move will dampen sentiment and can result in a fall to the $7,451.63–$7,337.78 support zone. A breakdown of this zone will reduce the probability of a new high in 2019. DASH/USDDash (DASH) has partnered with IQ CashNow, which specializes in cryptocurrency ATMs. This move will add over 1,000 additional merchants who accept Dash and integrate over 250 additional ATMs. The Dash Investment Foundation plans to start investing on behalf of the Dash network. While the fundamentals look good, what does the chart project? Let’s take a look.In the last week of August, the DASH/USD pair dipped below the 78.6% Fibonacci retracement level of the rally, which is a bearish sign. Usually, this is followed by a complete 100% retracement, which in this case will be a fall to $58.49. A breakdown to new yearly lows will be a huge negative.Currently, bulls are attempting a pullback, which will face resistance at the previous support turned resistance of $95.4264. Above this level, the next resistance will be at the downsloping moving averages. Due to weakness in the cryptocurrency, we suggest traders remain on the sidelines. We will wait for a new buy setup to form before proposing a trade in it.The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph. Every investment and trading move involves risk, you should conduct your own research when making a decision.The market data is provided by the HitBTC exchange.","html":"\u003cp>The United States Federal Reserve is \u003ca href=\"https://cointelegraph.com/news/fed-chair-says-agency-monitoring-crypto-but-not-developing-its-own\">not\u003c/a> working on a digital currency of its own, said Fed Chair Jerome Powell. He said that cyber security issues are likely to deter central banks from releasing their own digital currency. However, reports suggest that China might \u003ca href=\"https://cointelegraph.com/news/chinas-national-crypto-similar-to-libra-central-bank-official-says\">launch\u003c/a> its digital currency as early as Nov. 11. If the Chinese digital currency becomes a success, it will force other central banks to launch their own to keep up with the competition. \u003c/p>\u003cp>There are several important events lined up in the next few months that are likely to be positive for cryptocurrencies. The first such event is the launch of Bakkt \u003ca href=\"https://cointelegraph.com/news/bakkt-warehouse-launches-deposits-and-withdrawals-as-planned\">futures\u003c/a> later this month. We expect volatility to pick up just before the launch and remain high for the first few days as both bulls and bears attempt to establish their supremacy. Let’s study the charts to locate the critical levels, which will confirm the resumption of the uptrend. \u003c/p>\u003ch2>XMR/USD\u003c/h2>\u003cp>Monero (\u003ca href=\"https://cointelegraph.com/tags/monero\">XMR\u003c/a>) was the best performer among major cryptocurrencies by a wide margin. It has rallied close to 15% in the past seven days. Does this rise indicate the start of a new uptrend or is this just another pullback that will be sold into? Let’s analyze its chart.\u003c/p>\u003cp>\u003cimg alt=\"XMR/USD\" src=\"https://s3.cointelegraph.com/storage/uploads/view/35364810f03c4d69f206bc64dbae7009.png\" title=\"XMR/USD\">\u003c/p>\u003cp>The XMR/USD pair has formed a descending wedge pattern. If the price breaks out of the wedge, it can move up to $97.9733 and above it to $120. Therefore, aggressive traders can buy on a close (UTC time) above the wedge and keep a stop loss of $65.\u003c/p>\u003cp>Contrary to our assumption, if the price fails to sustain above the wedge, bears will again try to break down below it. Such a move will be a huge negative and can result in a fall to $40. Though there is minor support at $60, we expect it to be broken.\u003c/p>\u003cp>In the short term, both moving averages are flat and the RSI is just below the midpoint, which points to consolidation. \u003c/p>\u003ch2>EOS/USD\u003c/h2>\u003cp>\u003ca href=\"https://cointelegraph.com/eos-price-index\">EOS\u003c/a> is the second-best performer and has risen over 10% in the past seven days. Is this a dead cat bounce or the start of a sustainable rally? Let's analyze its chart.\u003c/p>\u003cp>\u003cimg alt=\"EOS/USD\" src=\"https://s3.cointelegraph.com/storage/uploads/view/746d3b6e9ab3a57e278e3f7d9a6b8c70.png\" title=\"EOS/USD\">\u003c/p>\u003cp>The EOS/USD pair is currently correcting in a descending channel. The 20-week EMA is sloping down gradually and the RSI is in the negative zone, which suggests that bears have the upper hand.\u003c/p>\u003cp>However, bulls are defending the support at $3.1534. Though this level has been tested thrice since early March of this year, the bears have not been able to break below it. If bulls can propel the pair above the descending channel, it will be a positive sign. The next level to watch on the upside is $4.8719. Both moving averages are located just below this resistance. Hence, a breakout of $4.8719 will indicate the start of a new uptrend and can be purchased with stops below recent lows. The target objective will be a move back to $9 in the medium term.\u003c/p>\u003ch2>BCH/USD\u003c/h2>\u003cp>The second-largest fantasy sports service Fanduel has added support for cryptocurrencies, including Bitcoin Cash (\u003ca href=\"https://cointelegraph.com/bitcoin-cash-price-index\">BCH\u003c/a>) for members to top up their accounts. One of the world's biggest Bitcoin Cash conferences was held in Townsville, Australia. The town has several outlets that support digital currency payments, which shows increased crypto adoption. On the fundamental front, a lead developer of Bitcoin Cash said that the network was \u003ca href=\"https://cointelegraph.com/news/bitcoin-cash-cant-mine-blocks-bigger-than-2mb-lead-dev-suggests\">unable\u003c/a> to process large blocks of transactions having a size of two megabytes or larger. \u003c/p>\u003cp>\u003cimg alt=\"BCH/USD\" src=\"https://s3.cointelegraph.com/storage/uploads/view/75273b6ae25b7def1ba7c5519269a0b4.png\" title=\"BCH/USD\">\u003c/p>\u003cp>The BCH/USD pair is attempting to bounce off the neckline of the head-and-shoulders (H&S) pattern. This shows that bulls are defending this support level. However, unless they propel the price above the right shoulder at $360, we anticipate bears to again attempt a break below the neckline. If the pair plummets below the neckline, it will complete the bearish H&S pattern, which can drag the price to $105.\u003c/p>\u003cp>On the other hand, if bulls push the price above $360, it is likely to pick up momentum and rise to $515.35. A breakout of this level will invalidate the bearish pattern, which is a bullish sign. Traders can initiate long positions on a breakout and close (UTC time) above $360 with stops below the neckline.\u003c/p>\u003ch2>BTC/USD\u003c/h2>\u003cp>The dominance of Bitcoin (\u003ca href=\"https://cointelegraph.com/bitcoin-price-index\">BTC\u003c/a>) has remained close to the \u003ca href=\"https://coinmarketcap.com/charts/#dominance-percentage\" target=\"_blank\">70%\u003c/a> mark in the past week. This steady rise in Bitcoin’s dominance has left most altcoins struggling. Cantering Clark, a hedge fund manager and co-founder of Blockroots, believes that altcoin \u003ca href=\"https://cointelegraph.com/news/no-altseason-until-bitcoin-breaks-20k-says-hedge-fund-manager\">rally\u003c/a> will start after Bitcoin breaks out to new highs or if its dominance drops below 40%. However, with the \u003ca href=\"https://cointelegraph.com/news/bakkt-warehouse-launches-deposits-and-withdrawals-as-planned\">launch\u003c/a> of Bakkt nearing, the spotlight is likely to remain on Bitcoin for the next few weeks. A recent event that caught the eye was a mystery transaction of 94,504 BTC. This made the recipient’s wallet the \u003ca href=\"https://cointelegraph.com/news/mystery-94k-btc-transaction-becomes-richest-non-exchange-address\">richest\u003c/a> Bitcoin address that does not belong to an exchange. Will Bitcoin volatility increase in the next few days? What are the critical levels to watch on the upside and downside? Let’s look at the chart. \u003c/p>\u003cp>\u003cimg alt=\"BTC/USD\" src=\"https://s3.cointelegraph.com/storage/uploads/view/da00a64c68d4c97b3dd92886594cbefc.png\" title=\"BTC/USD\">\u003c/p>\u003cp>We like the sharp bounce in the BTC/USD pair from the trendline of the symmetrical triangle. This shows accumulation by bulls when the pair dips to the strong support of $9,080. The cryptocurrency can now rise to the downtrend line of the symmetrical triangle. A breakout of the triangle will be a positive sign that has a target objective of $15,376.96. Therefore, traders can buy on a close (UTC time) above the downtrend line and keep a stop loss of $9,000. The up-sloping moving averages and RSI above 50 show that bulls hold the advantage.\u003c/p>\u003cp>Our bullish view will be invalidated if the price reverses direction from current levels or the downtrend line of the triangle and plummets below $9,080. Such a move will dampen sentiment and can result in a fall to the $7,451.63–$7,337.78 support zone. A breakdown of this zone will reduce the probability of a new high in 2019. \u003c/p>\u003ch2>DASH/USD\u003c/h2>\u003cp>Dash (\u003ca href=\"https://cointelegraph.com/tags/dash\">DASH\u003c/a>) has partnered with IQ CashNow, which specializes in cryptocurrency ATMs. This move will add over 1,000 additional merchants who accept Dash and integrate over 250 additional ATMs. The Dash Investment Foundation plans to start \u003ca href=\"https://www.youtube.com/watch?v=YhYmPe--1oU\" target=\"_blank\">investing\u003c/a> on behalf of the Dash network. While the fundamentals look good, what does the chart project? Let’s take a look.\u003c/p>\u003cp>\u003cimg alt=\"DASH/USD\" src=\"https://s3.cointelegraph.com/storage/uploads/view/ee27079ae429d9df44e3ebedf6d7213f.png\" title=\"DASH/USD\">\u003c/p>\u003cp>In the last week of August, the DASH/USD pair dipped below the 78.6% Fibonacci retracement level of the rally, which is a bearish sign. Usually, this is followed by a complete 100% retracement, which in this case will be a fall to $58.49. A breakdown to new yearly lows will be a huge negative.\u003c/p>\u003cp>Currently, bulls are attempting a pullback, which will face resistance at the previous support turned resistance of $95.4264. Above this level, the next resistance will be at the downsloping moving averages. Due to weakness in the cryptocurrency, we suggest traders remain on the sidelines. We will wait for a new buy setup to form before proposing a trade in it.\u003c/p>\u003cp>\u003cspan>\u003cem>The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph. Every investment and trading move involves risk, you should conduct your own research when making a decision.\u003c/em>\u003c/span>\u003c/p>\u003cp>\u003cspan>\u003cem>The market data is provided by the \u003ca href=\"https://hitbtc.com/\" target=\"_blank\">HitBTC\u003c/a> exchange.\u003c/em>\u003c/span>\u003c/p>","type":"ghost","description":"Can the top performers of the past week build on the gains and turn bullish? Let’s look at the 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r/Bitcoin","delegatedBy":"i.redd.it/7c9oswkmncl31.jpg","language":null,"titleGuessed":true,"__at":"2024-10-15T16:35:03.419Z","boosted":false,"safeId":"t3_d19f3b","icon":"reddit"},"news.bitcoin.com/bitcoins-scaling-problems-forced-facebook-to-launch-libra":{"original":{"headers":{"date":["Sun, 08 Sep 2019 14:40:30 GMT"],"content-type":["text/html; charset=UTF-8"],"transfer-encoding":["chunked"],"connection":["close"],"set-cookie":["__cfduid=db973c4841deb56a907d73548d148d8b11567953630; expires=Mon, 07-Sep-20 14:40:30 GMT; path=/; domain=.bitcoin.com; HttpOnly"],"last-modified":["Sun, 08 Sep 2019 14:14:15 GMT"],"x-content-type-options":["nosniff"],"x-obey":["ALL GLORY TO THE HYPNOTOAD"],"x-clacks-overhead":["GNU Terry Pratchett"],"x-geek":["fbicichrikdchhhviddchbdchlhvhddcdtdchthghuifhkhvhudcfjgfgfgcdchjhghbhfhgiddcgjdtfihghghndudchjifificieeldvdvhlhvhdieduhdhkifhehvhkhuduhehvhtdv"],"x-frame-options":["SAMEORIGIN"],"access-control-allow-origin":["*"],"x-instance":["sto01-webf-10"],"cache-control":["public, proxy-revalidate, max-age=60, stale-if-error=240, stale-while-revalidate=30"],"content-encoding":["gzip"],"strict-transport-security":["max-age=2592000; includeSubDomains"],"expect-ct":["max-age=604800, report-uri=\"https://report-uri.cloudflare.com/cdn-cgi/beacon/expect-ct\""],"server":["cloudflare"],"cf-ray":["5131ad8d2b9dd4a4-BRU"]},"status":200,"description":"If it wasn’t for Bitcoin there would be no Libra. That much is self-evident, since Satoshi’s creation laid the groundwork for every crypto asset that’s"},"title":"Bitcoin’s Scaling Problems Forced Facebook to Launch Libra","author":"Kai Sedgwick","replies":["1170703675586752513","ift.tt/2ZKlgS8","t3_d1bwuf","t1_ezkh21c","t1_ezklph3","1170750880158834690","t1_ezl401q","t1_ezlzeus","t1_ezlzbb6"],"directReplies":["ift.tt/2ZKlgS8","t3_d1bwuf"],"upvotes":0,"indicators":[],"topics":[{"topic":"all","activity":54,"score":54,"relativeScore":1},{"topic":"crypto","activity":42,"score":43,"relativeScore":1},{"topic":"btc","activity":36,"score":36,"relativeScore":0.84},{"topic":"bch","activity":4,"score":4,"relativeScore":0.09},{"topic":"dash","activity":2,"score":2,"relativeScore":0.05}],"context":{"all":{"topic":"all","activity":54,"score":54,"relativeScore":1},"crypto":{"topic":"crypto","activity":42,"score":43,"relativeScore":1},"btc":{"topic":"btc","activity":36,"score":36,"relativeScore":0.84},"bch":{"topic":"bch","activity":4,"score":4,"relativeScore":0.09},"dash":{"topic":"dash","activity":2,"score":2,"relativeScore":0.05}},"gotReplies":false,"pinned":{},"editorializers":{},"parents":[{"_id":"whatbitcoindid.com/podcast/bill-barhydt-on-libra-the-dawn-of-corporate-money","url":"https://www.whatbitcoindid.com/podcast/bill-barhydt-on-libra-the-dawn-of-corporate-money","type":"reference","score":4.596916477138735},{"_id":"bitcoin.com/get-started","url":"https://www.bitcoin.com/get-started","type":"reference"}],"referrals":[],"_id":"news.bitcoin.com/bitcoins-scaling-problems-forced-facebook-to-launch-libra","updates":4,"time":1567952040000,"first":1567953031319,"url":"https://news.bitcoin.com/bitcoins-scaling-problems-forced-facebook-to-launch-libra","source":"bitcoin.com","added":"2021-04-15T12:40:17.570Z","timely":true,"channel":[null,"r/btc"],"totalUpvotes":54,"score":54,"nReplies":9,"content":"If it wasn’t for Bitcoin there would be no Libra. That much is self-evident, since Satoshi’s creation laid the groundwork for every crypto asset that’s followed. The extent to which Bitcoin was responsible for spawning Facebook’s currency has now been made brutally clear in an interview with Abra’s Bill Barhydt. The investment platform’s CEO claims that Facebook wanted to integrate BTC directly into its billion-strong social network – but was forced to create Libra instead due to Bitcoin’s inability to scale.\n\nHow Bitcoin’s Inability to Scale Birthed Project Libra\nOn last week’s What Bitcoin Did podcast, host Peter McCormack entertained Abra’s Bill Barhydt, who revealed inside knowledge about the development decisions that guided Project Libra. Before Facebook pressed ahead with plans to create a stable currency backed by a basket of assets, it had explored the possibility of integrating Bitcoin, Barhydt claims. The plan had been to enable BTC as a payment option throughout the Facebook ecosystem.\n“Ideally, from my discussions, [Facebook] actually would have preferred to use Bitcoin. I think there’s a huge belief in the system,” ventured Barhydt. The notion of Facebook supporting BTC in the world’s largest social network, and potentially its second and seventh largest too (Instagram and Whatsapp) may seem fanciful, and we will likely never know for sure whether this was the original plan. Bill Barhydt is well connected, however, and thus his comments carry some weight. As he recounted to Peter McCormack:\nIf you want to build a remittance system and you want to build a cross-border commerce system and you have 1.2 billion users today, what would happen to Bitcoin? Fees would skyrocket. Doing anything with Bitcoin that was transactional was effectively untenable.\n\nWhy Bitcoin Won’t Scale\nFacebook embracing Bitcoin, regardless of what one thinks of the tech giant, would have been extremely bullish for BTC and for the cryptosphere as a whole. 1.2 billion people being introduced to sound money, even within the sanitized environs of Facebook’s walled garden, would have been immense. It wasn’t to be though, due to Bitcoin’s inability to support the number of transactions that could have potentially been flowing through the network as a result.\nBitcoin’s inability to scale has of course been a matter of intense debate within the community for years, causing deep rifts and resulting in the permanent split that occurred when Bitcoin Cash forked off in mid-2017. BCH supporters have long accused Bitcoin Core developers, led by Blockstream loyalists, of being unwilling to substantially increase the block size to allow more transactions per second (tps). Having since increased its block size to four times that of BTC, BCH can theoretically process around 100 tps, and boasts transaction fees that are currently 113X cheaper.\nCurrent fees according to Bitcoinfees.cash\nIncreasing the block size is a simple yet effective scaling solution that has enabled Bitcoin Cash to process hundreds of thousands of transactions a day in tests – more than enough to absorb the demand of a major enterprise such as Facebook entering the fray, for instance. Critics will note that there are limits on block size expansion, beyond which centralization occurs due to the difficulty of users being able to run a node to independently verify transactions. The sweet spot beyond which it is undesirable to continue blindly increasing block capacity is a matter of debate. What’s evident, however, is that the decision by Bitcoin Core developers and their acolytes to keep BTC blocks as small as possible has driven businesses away from Bitcoin and lowered merchant adoption.\n\nThe Adoption Vacuum\nInstead of scaling Bitcoin, Core supporters have pushed for their much-vaunted layer two solution, Lightning Network, to take the strain. There’s been a problem with that approach however: Lightning still isn’t production ready, and could be years away from being suitable for enterprise adoption. Only last month, a critical bug was found in the protocol, deemed so severe that it is not even being disclosed until all nodes have had a chance to update to the patched software. Bitcoin’s unsuitability as a payments system, coupled with Lightning’s unsuitability for pretty much anything other than buying stickers, has caused an adoption vacuum. Businesses, including Facebook, if Abra’s CEO is to be believed, want to use the network but are simply unable to.\n“These are smart people,” said Barhydt of Facebook’s blockchain team. “They’ve looked at Lighting, they’ve looked at Bitcoin, they’ve thought this through. And they came to the conclusion that Bitcoin is not optimized to be a payment network, Bitcoin is optimized to be digital cash right now.” Bitcoin Cash supporters would agree that BTC is not optimized to serve as a payment network, but would demur at the suggestion that it is capable of serving as digital cash at present – that’s a use case that BCH is currently fulfilling with more success.\n\nEven with a larger block size in place, there may have been other technical or regulatory barriers preventing Facebook from using BTC. What can be stated with certainty, though, is that Bitcoin’s inability to scale, coupled with Lightning’s complexity, and the security and UX problems that entails, have created a perfect storm. Into the eye of this maelstrom has stepped Project Libra, the greatest demonstration yet of what happens when a P2P payment network stops serving as digital cash.\n\nImages courtesy of Shutterstock.","html":"\u003cimg src=\"https://news.bitcoin.com/wp-content/uploads/2019/09/project-libra.jpg\" alt=\"Bitcoin’s Scaling Problems Forced Facebook to Launch Libra\">\n \n\t\t\u003cdiv>\n\n\u003c/div>\u003cp>\u003cstrong>If it wasn’t for Bitcoin there would be no Libra. That much is self-evident, since Satoshi’s creation laid the groundwork for every crypto asset that’s followed. The extent to which Bitcoin was responsible for spawning Facebook’s currency has now been made brutally clear in an interview with Abra’s Bill Barhydt. The investment platform’s CEO claims that Facebook wanted to integrate \u003ca href=\"https://markets.bitcoin.com/crypto/BTC\" target=\"_blank\">BTC\u003c/a> directly into its billion-strong social network – but was forced to create Libra instead due to Bitcoin’s inability to scale.\u003c/strong>\u003c/p>\n\n\u003ch2>How Bitcoin’s Inability to Scale Birthed Project Libra\u003c/h2>\n\u003cp>On last week’s What Bitcoin Did podcast, host Peter McCormack entertained Abra’s Bill Barhydt, who revealed inside knowledge about the development decisions that guided Project Libra. Before Facebook pressed ahead with plans to create a stable currency backed by a basket of assets, it had explored the possibility of integrating Bitcoin, Barhydt claims. The plan had been to enable \u003ca href=\"https://markets.bitcoin.com/crypto/BTC\" target=\"_blank\">BTC\u003c/a> as a payment option throughout the Facebook ecosystem.\u003c/p>\n\u003cp>“Ideally, from my discussions, [Facebook] actually would have preferred to use Bitcoin. I think there’s a huge belief in the system,” ventured Barhydt. The notion of Facebook supporting \u003ca href=\"https://markets.bitcoin.com/crypto/BTC\" target=\"_blank\">BTC\u003c/a> in the world’s largest social network, and potentially its second and seventh largest too (Instagram and Whatsapp) may seem fanciful, and we will likely never know for sure whether this was the original plan. Bill Barhydt is well connected, however, and thus his comments carry some weight. As he \u003ca href=\"https://www.whatbitcoindid.com/podcast/bill-barhydt-on-libra-the-dawn-of-corporate-money\">recounted\u003c/a> to Peter McCormack:\u003c/p>\n\u003cblockquote>\u003cp>If you want to build a remittance system and you want to build a cross-border commerce system and you have 1.2 billion users today, what would happen to Bitcoin? Fees would skyrocket. Doing anything with Bitcoin that was transactional was effectively untenable.\u003c/p>\u003c/blockquote>\n\u003ch2>\u003cimg title=\"Bitcoin’s Scaling Problems Forced Facebook to Launch Libra\" src=\"https://news.bitcoin.com/wp-content/uploads/2019/09/libra.png\" alt=\"Bitcoin’s Scaling Problems Forced Facebook to Launch Libra\" width=\"980\" height=\"552\">\u003c/h2>\n\u003ch2>Why Bitcoin Won’t Scale\u003c/h2>\n\u003cp>Facebook embracing Bitcoin, regardless of what one thinks of the tech giant, would have been extremely bullish for \u003ca href=\"https://markets.bitcoin.com/crypto/BTC\" target=\"_blank\">BTC\u003c/a> and for the cryptosphere as a whole. 1.2 billion people being introduced to sound money, even within the sanitized environs of Facebook’s walled garden, would have been immense. It wasn’t to be though, due to Bitcoin’s inability to support the number of transactions that could have potentially been flowing through the network as a result.\u003c/p>\n\u003cp>Bitcoin’s inability to scale has of course been a matter of intense debate within the community for years, causing deep rifts and resulting in the permanent split that occurred when Bitcoin Cash forked off in mid-2017. \u003ca href=\"https://markets.bitcoin.com/crypto/BCH\" target=\"_blank\">BCH\u003c/a> supporters have long accused Bitcoin Core developers, led by Blockstream loyalists, of being unwilling to substantially increase the block size to allow more transactions per second (tps). Having since increased its block size to four times that of \u003ca href=\"https://markets.bitcoin.com/crypto/BTC\" target=\"_blank\">BTC\u003c/a>, \u003ca href=\"https://markets.bitcoin.com/crypto/BCH\" target=\"_blank\">BCH\u003c/a> can theoretically process around 100 tps, and boasts \u003ca href=\"https://bitcoinfees.cash/\">transaction fees\u003c/a> that are currently 113X cheaper.\u003c/p>\n\u003cfigure id=\"attachment_332923\" aria-describedby=\"caption-attachment-332923\" style=\"width: 2348px\" class=\"wp-caption aligncenter\">\u003cimg title=\"Bitcoin’s Scaling Problems Forced Facebook to Launch Libra\" src=\"https://news.bitcoin.com/wp-content/uploads/2019/09/screenshot-2019-09-08-at-11-19-29.png\" alt=\"Bitcoin’s Scaling Problems Forced Facebook to Launch Libra\" width=\"2348\" height=\"686\">\u003cfigcaption id=\"caption-attachment-332923\" class=\"wp-caption-text\">Current fees according to Bitcoinfees.cash\u003c/figcaption>\u003c/figure>\n\u003cp>Increasing the block size is a simple yet effective scaling solution that has enabled Bitcoin Cash to process hundreds of thousands of transactions a day in tests – more than enough to absorb the demand of a major enterprise such as Facebook entering the fray, for instance. Critics will note that there are limits on block size expansion, beyond which centralization occurs due to the difficulty of users being able to run a node to independently verify transactions. The sweet spot beyond which it is undesirable to continue blindly increasing block capacity is a matter of debate. What’s evident, however, is that the decision by Bitcoin Core developers and their acolytes to keep \u003ca href=\"https://markets.bitcoin.com/crypto/BTC\" target=\"_blank\">BTC\u003c/a> blocks as small as possible has driven businesses away from Bitcoin and lowered merchant adoption.\u003c/p>\n\u003cp>\u003cimg title=\"Bitcoin’s Scaling Problems Forced Facebook to Launch Libra\" src=\"https://news.bitcoin.com/wp-content/uploads/2019/05/7-bitcoin-cash-accepted-here-medium.png\" alt=\"Bitcoin’s Scaling Problems Forced Facebook to Launch Libra\" width=\"800\" height=\"299\">\u003c/p>\n\u003ch2>The Adoption Vacuum\u003c/h2>\n\u003cp>Instead of scaling Bitcoin, Core supporters have pushed for their much-vaunted layer two solution, Lightning Network, to take the strain. There’s been a problem with that approach however: Lightning still isn’t production ready, and could be years away from being suitable for enterprise adoption. Only last month, a critical bug was found in the protocol, deemed so severe that it is not even being disclosed until all nodes have had a chance to update to the patched software. Bitcoin’s unsuitability as a payments system, coupled with Lightning’s unsuitability for pretty much anything other than buying stickers, has caused an adoption vacuum. Businesses, including Facebook, if Abra’s CEO is to be believed, want to use the network but are simply unable to.\u003c/p>\n\u003cp>“These are smart people,” said Barhydt of Facebook’s blockchain team. “They’ve looked at Lighting, they’ve looked at Bitcoin, they’ve thought this through. And they came to the conclusion that Bitcoin is not optimized to be a payment network, Bitcoin is optimized to be digital cash right now.” Bitcoin Cash supporters would agree that \u003ca href=\"https://markets.bitcoin.com/crypto/BTC\" target=\"_blank\">BTC\u003c/a> is not optimized to serve as a payment network, but would demur at the suggestion that it is capable of serving as digital cash at present – that’s a use case that \u003ca href=\"https://markets.bitcoin.com/crypto/BCH\" target=\"_blank\">BCH\u003c/a> is currently \u003ca href=\"https://www.bitcoin.com/get-started/\">fulfilling\u003c/a> with more success.\u003c/p>\n\u003cp>\u003cimg title=\"Bitcoin’s Scaling Problems Forced Facebook to Launch Libra\" src=\"https://news.bitcoin.com/wp-content/uploads/2017/01/The-Lightning-Network-Alpha-Release-is-Ready-for-Testing.jpg\" alt=\"Bitcoin’s Scaling Problems Forced Facebook to Launch Libra\" width=\"800\" height=\"600\">\u003c/p>\n\u003cp>Even with a larger block size in place, there may have been other technical or regulatory barriers preventing Facebook from using \u003ca href=\"https://markets.bitcoin.com/crypto/BTC\" target=\"_blank\">BTC\u003c/a>. What can be stated with certainty, though, is that Bitcoin’s inability to scale, coupled with Lightning’s complexity, and the security and UX problems that entails, have created a perfect storm. Into the eye of this maelstrom has stepped Project Libra, the greatest demonstration yet of what happens when a P2P payment network stops serving as digital cash.\u003c/p>\n\n\u003chr>\u003cp>\u003cem>Images courtesy of Shutterstock.\u003c/em>\u003c/p>\n\u003chr>\n \u003cdiv>\n \n \u003c/div>\n\n \n\n \n\n \u003cdiv>\n \n\n \n \u003c/div>\n\n \u003cdiv>\n \u003cdiv>\n \u003c/div>\n\n \n \u003c/div>\n \u003cdiv>\n \n \u003c/div>","replyTo":"whatbitcoindid.com/podcast/bill-barhydt-on-libra-the-dawn-of-corporate-money","replyType":"reference","type":"ghost","description":"If it wasn’t for Bitcoin there would be no Libra. 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She decides when Richard Branson and co. take off for the stars: \u003ca href=\"http://on.forbes.com/6017E7dbB\" title=\"http://on.forbes.com/6017E7dbB\">on.forbes.com/6…\u003c/a> by \u003cspan class=\"bloat\">@DelRayMan\u003c/span>","content":"Former NASA engineer Beth Moses, an early adopter of bitcoin, is Virgin Galactic's chief astronaut instructor and de facto space gatekeeper. 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EMURGO’s engineering lead, Sebastien Guillemot, covers what happened in August:\n\n1) Updates on the Shelley networking and incentive testnets\n\n2) The release of Tangata Manu\n\n3) Plutus progress and a new Marlowe book\n\n4) Yoroi developments including multi-wallets, multi-currency conversion, and memos + more!","timely":true,"replyTo":"youtube.com/watch?v=xiALsR6AxU0","totalUpvotes":3,"score":21,"nReplies":8,"image":{"url":"https://external-preview.redd.it/PyB6BoWECDOHGavRRI0fLPJKzldUNjT8nm8zV_jlfB4.jpg?auto=webp&s=9c83e167d3f040a8f3a3b3495d3ae83bca2851de","width":480,"height":360,"_id":"670e9aa8be1845f5b902491c"},"replyType":"reply","origin":"in r/cardano","type":"rpost","html":"\n\t\t\t\u003cbr class=\"merged\">\u003cbr>\u003cp>New Cardano Monthly Review! EMURGO’s engineering lead, Sebastien Guillemot, covers what happened in August:\u003c/p>\n\n\u003cp>1) Updates on the Shelley networking and incentive testnets\u003c/p>\n\n\u003cp>2) The release of Tangata Manu\u003c/p>\n\n\u003cp>3) Plutus progress and a new Marlowe book\u003c/p>\n\n\u003cp>4) Yoroi developments including multi-wallets, multi-currency conversion, and memos + more!\u003c/p>","merged":true,"favorites":null,"contentGuessed":true,"htmlGuessed":true,"__at":"2024-10-15T16:39:04.382Z","boosted":false,"safeId":"t3_d37jt4","icon":"reddit"},"t3_d3avij":{"original":{"subreddit_name_prefixed":"r/cardano","pwls":6,"downs":0,"parent_whitelist_status":"all_ads","upvote_ratio":1,"media_embed":{},"is_original_content":false,"author_fullname":"t2_4fxewt13","num_comments":10,"secure_media_embed":{},"num_duplicates":0,"steward_reports":[],"gildings":{},"post_hint":"self","is_self":true,"wls":6,"domain":"self.cardano","allow_live_comments":false,"score":25,"preview":{"images":[{"source":{"url":"https://external-preview.redd.it/arw4o9n6B5OtFO0UPtW5HUv2NjRQQg3pq3jNrEsVyD8.jpg?auto=webp&s=2e42521d7fbf09d5ce83dfd538320f181fa41b26","width":1500,"height":1000},"resolutions":[{"url":"https://external-preview.redd.it/arw4o9n6B5OtFO0UPtW5HUv2NjRQQg3pq3jNrEsVyD8.jpg?width=108&crop=smart&auto=webp&s=c4837dace446b87add133ea891f73103bce4fe88","width":108,"height":72},{"url":"https://external-preview.redd.it/arw4o9n6B5OtFO0UPtW5HUv2NjRQQg3pq3jNrEsVyD8.jpg?width=216&crop=smart&auto=webp&s=9178dc96a3930f9f2bce6b3b1d06baef26383bfe","width":216,"height":144},{"url":"https://external-preview.redd.it/arw4o9n6B5OtFO0UPtW5HUv2NjRQQg3pq3jNrEsVyD8.jpg?width=320&crop=smart&auto=webp&s=1c6cd7cae2f4e7c08aeca36649ca61dcdd48dca2","width":320,"height":213},{"url":"https://external-preview.redd.it/arw4o9n6B5OtFO0UPtW5HUv2NjRQQg3pq3jNrEsVyD8.jpg?width=640&crop=smart&auto=webp&s=85d5229a7d754ea90f077906e47ae4efd512c3e3","width":640,"height":426},{"url":"https://external-preview.redd.it/arw4o9n6B5OtFO0UPtW5HUv2NjRQQg3pq3jNrEsVyD8.jpg?width=960&crop=smart&auto=webp&s=6fc90982bd3117825ce12b3338f8df8414ba82c9","width":960,"height":640},{"url":"https://external-preview.redd.it/arw4o9n6B5OtFO0UPtW5HUv2NjRQQg3pq3jNrEsVyD8.jpg?width=1080&crop=smart&auto=webp&s=6e419aadafaf7850605f203ffae0628242e53afe","width":1080,"height":720}],"variants":{},"id":"_M9ut5wC15hQyJ1e4xmHQxb1pH-6pJWoLZK2Y8ZsZeg"}],"enabled":false},"all_awardings":[],"is_robot_indexable":true,"send_replies":true,"whitelist_status":"all_ads","subreddit_subscribers":75285},"title":"Why are there so many cardano websites?","author":"vanderkant","replies":["t1_f013yvt","t1_f0135tx","t1_f016b0t","t1_f01dcrd","t1_f01g1k7","t1_f019o9z","t1_f01r02d","t1_f01zxtg","t1_f01ua5o","t1_f01zhbi"],"directReplies":["t1_f0135tx","t1_f016b0t","t1_f019o9z","t1_f01g1k7"],"upvotes":25,"indicators":[],"topics":[{"topic":"all","activity":63,"score":64,"relativeScore":1},{"topic":"crypto","activity":51,"score":52,"relativeScore":1},{"topic":"ada","activity":51,"score":52,"relativeScore":1}],"context":{"all":{"topic":"all","activity":63,"score":64,"relativeScore":1},"crypto":{"topic":"crypto","activity":51,"score":52,"relativeScore":1},"ada":{"topic":"ada","activity":51,"score":52,"relativeScore":1}},"gotReplies":false,"pinned":{},"editorializers":{},"parents":[{"_id":"cardanoroadmap.com/en","url":"https://cardanoroadmap.com/en","type":"reference","score":3.6341086040929604},{"_id":"whycardano.com","url":"https://whycardano.com","type":"reference","score":0},{"_id":"daedaluswallet.io","url":"https://daedaluswallet.io","type":"reference","score":0},{"_id":"cardanodocs.com/introduction","url":"https://cardanodocs.com/introduction","type":"reference"},{"_id":"cardanodocs.com","url":"https://cardanodocs.com","type":"reference","score":0},{"_id":"cardano.org","url":"http://cardano.org","type":"reference","score":0},{"_id":"daedalus-wallet.io","url":"http://daedalus-wallet.io","type":"reference","score":0},{"_id":"deadaluswallet.io","url":"http://deadaluswallet.io","type":"reference","score":0},{"_id":"daedalus.wallet.io","url":"http://daedalus.wallet.io","type":"reference","score":0},{"_id":"daedaluswallet.org","url":"http://daedaluswallet.org","type":"reference","score":0},{"_id":"daedaluswallet.com","url":"http://daedaluswallet.com","type":"reference","score":0}],"referrals":[],"_id":"t3_d3avij","updates":23,"time":1568307660000,"first":1568307957717,"source":"reddit.com","url":"https://www.reddit.com/r/cardano/comments/d3avij/why_are_there_so_many_cardano_websites/","added":"2021-09-16T04:41:21.168Z","content":"The Cardano roadmap is there: [https://cardanoroadmap.com/en/](https://cardanoroadmap.com/en/)\n\nClick on \"Why cardano\" at the bottom of the page, you go to another website: [https://whycardano.com/](https://whycardano.com/)\n\nWant to download the wallet? Welcome to another website: [https://daedaluswallet.io/](https://daedaluswallet.io/)\n\nNeed documentation? Welcome to [https://cardanodocs.com/](https://cardanodocs.com/introduction/)\n\netc.\n\nReally, wouldn't it be simplier for everyone if all the above was directly hosted on a single website, like [cardano.org](https://cardano.org)?\n\nAlso, one needs to think about the fact that one of the greatest way to scam users in the crypto world has always been phishing websites... With several official websites around, each with a different URL, it would be really easy for anyone to launch a bunch of fake websites while it would be much more complicated for Cardano to keep track of, and report, them.\n\nAlso, as a ADA user, I would be much more comfortable downloading the wallet only from [cardano.org](https://cardano.org) rather than from a random address. What if tomorrow there is a *daedalus-wallet.io* fake website? or *deadaluswallet.io* maybe? *daedalus.wallet.io*? *daedaluswallet.org*? *daedaluswallet.com*? etc. See how it's easy to get scammed...\n\nWould love to hear the community opinion on this.","timely":true,"totalUpvotes":63,"score":94,"nReplies":10,"html":"\u003cp>The Cardano roadmap is there: \u003ca href=\"https://cardanoroadmap.com/en/\">https://cardanoroadmap.com/en/\u003c/a>\u003c/p>\n\n\u003cp>Click on "Why cardano" at the bottom of the page, you go to another website: \u003ca href=\"https://whycardano.com/\">https://whycardano.com/\u003c/a>\u003c/p>\n\n\u003cp>Want to download the wallet? Welcome to another website: \u003ca href=\"https://daedaluswallet.io/\">https://daedaluswallet.io/\u003c/a>\u003c/p>\n\n\u003cp>Need documentation? Welcome to \u003ca href=\"https://cardanodocs.com/introduction/\">https://cardanodocs.com/\u003c/a>\u003c/p>\n\n\u003cp>etc.\u003c/p>\n\n\u003cp>Really, wouldn't it be simplier for everyone if all the above was directly hosted on a single website, like \u003ca href=\"https://cardano.org\">cardano.org\u003c/a>?\u003c/p>\n\n\u003cp>Also, one needs to think about the fact that one of the greatest way to scam users in the crypto world has always been phishing websites... With several official websites around, each with a different URL, it would be really easy for anyone to launch a bunch of fake websites while it would be much more complicated for Cardano to keep track of, and report, them.\u003c/p>\n\n\u003cp>Also, as a ADA user, I would be much more comfortable downloading the wallet only from \u003ca href=\"https://cardano.org\">cardano.org\u003c/a> rather than from a random address. What if tomorrow there is a \u003cem>daedalus-wallet.io\u003c/em> fake website? or \u003cem>deadaluswallet.io\u003c/em> maybe? \u003cem>daedalus.wallet.io\u003c/em>? \u003cem>daedaluswallet.org\u003c/em>? \u003cem>daedaluswallet.com\u003c/em>? etc. See how it's easy to get scammed...\u003c/p>\n\n\u003cp>Would love to hear the community opinion on this.\u003c/p>","image":{"url":"https://external-preview.redd.it/arw4o9n6B5OtFO0UPtW5HUv2NjRQQg3pq3jNrEsVyD8.jpg?auto=webp&s=2e42521d7fbf09d5ce83dfd538320f181fa41b26","width":1500,"height":1000,"_id":"670e9aa8be1845f5b902491d"},"replyTo":"cardanoroadmap.com/en","replyType":"reference","origin":"in r/cardano","type":"rpost","__at":"2024-10-15T16:39:04.382Z","boosted":false,"safeId":"t3_d3avij","icon":"reddit"},"t3_d3b5lm":{"original":{"subreddit_name_prefixed":"r/cardano","pwls":6,"downs":0,"parent_whitelist_status":"all_ads","upvote_ratio":0.8,"media_embed":{},"is_original_content":false,"author_fullname":"t2_48spduc6","num_comments":20,"secure_media_embed":{},"num_duplicates":0,"steward_reports":[],"gildings":{},"is_self":true,"wls":6,"domain":"self.cardano","allow_live_comments":false,"score":9,"all_awardings":[],"is_robot_indexable":true,"send_replies":true,"whitelist_status":"all_ads","subreddit_subscribers":75285},"title":"Elevator pitch for Cardano","author":"mojoflower","replies":["t1_f013hmb","t1_f011ql3","t1_f013ftj","t1_f01534x","t1_f016v6o","t1_f01az21","t1_f0195hx","t1_f01gj67","t1_f01h4u5","t1_f01d1wj","t1_f018jew","t1_f01kkca","t1_f01p91n","t1_f01vwoo","t1_f01wc1a","t1_f01vuqd","t1_f027f2n","t1_f02d41p","t1_f02j31s","t1_f0317xt"],"directReplies":["t1_f011ql3","t1_f013ftj","t1_f01534x","t1_f016v6o","t1_f018jew","t1_f01d1wj","t1_f01kkca","t1_f01p91n","t1_f01vuqd","t1_f0317xt"],"upvotes":9,"indicators":[],"topics":[{"topic":"all","activity":63,"score":64,"relativeScore":1},{"topic":"crypto","activity":46,"score":47,"relativeScore":1},{"topic":"ada","activity":42,"score":43,"relativeScore":0.91},{"topic":"eth","activity":3,"score":3,"relativeScore":0.06}],"context":{"all":{"topic":"all","activity":63,"score":64,"relativeScore":1},"crypto":{"topic":"crypto","activity":46,"score":47,"relativeScore":1},"ada":{"topic":"ada","activity":42,"score":43,"relativeScore":0.91},"eth":{"topic":"eth","activity":3,"score":3,"relativeScore":0.06}},"gotReplies":false,"pinned":{},"editorializers":{},"parents":[],"referrals":[],"_id":"t3_d3b5lm","updates":20,"time":1568308808000,"first":1568311552624,"source":"reddit.com","url":"https://www.reddit.com/r/cardano/comments/d3b5lm/elevator_pitch_for_cardano/","added":"2021-09-16T04:41:21.198Z","content":"Hey guys, \n\nIm new in this sub, but been increasingly hearing about ADA.\n\nWould anyone be willing to share the gospel about it. What sets it apart from other blockchain projects and which ones. \n\nLooking furrwrd to it.","timely":true,"totalUpvotes":63,"score":97,"nReplies":20,"html":"\u003cp>Hey guys, \u003c/p>\n\n\u003cp>Im new in this sub, but been increasingly hearing about ADA.\u003c/p>\n\n\u003cp>Would anyone be willing to share the gospel about it. What sets it apart from other blockchain projects and which ones. \u003c/p>\n\n\u003cp>Looking furrwrd to it.\u003c/p>","origin":"in r/cardano","type":"rpost","__at":"2024-10-15T16:39:04.382Z","boosted":false,"safeId":"t3_d3b5lm","icon":"reddit"},"youtube.com/watch?v=xiALsR6AxU0":{"original":{},"title":"","author":"","replies":["t1_ezzuqjq","t3_d37jt4","1172132838998728706","t1_ezzwuin","t1_ezzzs4v","t1_f00d82y","t1_f01dfs9","t1_f01pf5y","t1_f02aotp","t1_f02f0q3","1172435394803064833","1172432907945701376","1172389589564002305"],"directReplies":["1172132838998728706","t3_d37jt4"],"upvotes":0,"indicators":[],"topics":[{"topic":"all","activity":287,"score":290,"relativeScore":1},{"topic":"crypto","activity":230,"score":233,"relativeScore":1},{"topic":"ada","activity":230,"score":233,"relativeScore":1}],"context":{"all":{"topic":"all","activity":287,"score":290,"relativeScore":1},"crypto":{"topic":"crypto","activity":230,"score":233,"relativeScore":1},"ada":{"topic":"ada","activity":230,"score":233,"relativeScore":1}},"gotReplies":false,"pinned":{},"editorializers":{},"parents":[],"referrals":[],"_id":"youtube.com/watch?v=xiALsR6AxU0","updates":3,"time":1568293210000,"first":1568293740035,"url":"https://www.youtube.com/watch?v=xiALsR6AxU0","source":"youtube.com","added":"2021-04-15T12:40:45.419Z","timely":true,"channel":[null,"cardano"],"totalUpvotes":287,"score":290,"nReplies":13,"type":"ghost","video":"https://www.youtube.com/watch?v=xiALsR6AxU0","html":"New Cardano Monthly Review! 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