October 19

Good read.

“Bitcoin eventually becomes almost entirely reliant on blockspace demand—by 2032 BTC-denominated block rewards will be only 6% of today’s rewards.

Others assume transaction fee revenue in Bitcoin will pick up the slack. I’m far less convinced. It’s not clear that blockspace demand is Bitcoin’s core strength. Even today, Ethereum is neck-in-neck with Bitcoin on transaction fee revenue. This is because Ethereum serves as a settlement network for a multitude of digital assets and money protocols—due to this broader use, I wouldn’t be surprised if Ethereum exceeds Bitcoin in transaction fee revenue in the years to come.”

See Also: The Final Puzzle Piece to ETH’s Monetary Policy (Good read!)

Borrowing with the Celsius Network

“In order for an individual to be able to directly own real estate, it must be priced at a level comparable to company shares in the stock market. Between $50 and $250 is ideal. 

Equally important is enabling world-wide participation. With a blockchain, you can fractionalize the asset into affordable units, and then disperse these units across the globe, so that everyone can gain access to real estate investments.

Once rental payments are made accessible to the average individual, these people can enjoy the same financial security and freedom previously only available to the land-owning elite.”

“The company claimed the new product is the first smartphone to be able to run a full bitcoin node, allowing it to propagate transactions and blocks anywhere. The new smartphone comes to the market at a price of €219 ($244), which is about a third of the cost of its predecessor, the Exodus 1.

Full nodes are the most important ingredient in the resilience of the Bitcoin network and we have lowered the barrier to entry for any person to run a node.

The device allows users to install a 400+GB SD card to expand its memory, allowing it to cope with the increasing data capacity required to store the full bitcoin ledger. The company recommended users to connect to WiFi and plug into a power source while running the full node.”

The hearing on the case has been postponed until Feb. 18–19, 2020, pushed forward from an Oct. 24. slot.

The judge hearing the case, P. Kevin Castel, ruled that Telegram should not distribute its tokens before that date, and not until the court makes its decision on the case.”

“The Malta-based international trading platform of Bittrex has informed its entire user base in Venezuela that it will stop its services for users in the country without citing a clear reason for the action.

It is also halting the service for a total of 31 countries, including Afghanistan, Egypt, Bosnia and Herzegovina, Cambodia, the Central African Republic, the Democratic Republic of the Congo, Ivory Coast, Tunisia, Ethiopia, Uganda and Yemen.”

“TRON founder Justin Sun is heavily involved in the “Asian investment group” that is backing Poloniex as it spins out from Circle, several Circle employees told The Block under the condition of anonymity.”

See Also: ‘I’m not buying anything,’ says Tron CEO Amid Reports of Poloniex Acquisition

“Small-scale tests run so far have identified problems and vulnerabilities in the digital systems and government administrative procedures that must be solved before adopting the technology. 

Such systems need to verify voters’ identities — often by analyzing a portrait photo or video with facial recognition software. Experts fear that devices used to vote could be compromised or that facial recognition systems might make mistakes or get tricked by hackers.”