| submitted by /u/SocialElementGroup
Former Obama administration financial regulator Gary Gensler believes cryptocurrencies such as ether and ripple appear as unregistered securities, and in current violation of the law. His comments carry considerable weight in the broader financial community. They also come after venture capitalists and lawyers invested in ether projects met secretly with the US Securities and Exchange Commission (SEC) to head off such regulation. Spokespeople for both coins insist they’re not securities. …
While all eyes have been fixated on the wild swings in the stock market, the cryptocurrency has jumped nearly 30% over the past week and is trading just below $ 10,000. This rebound comes just after Bitcoin shed nearly $ 10,000 in price earlier this year, which has some investors wondering if the plunge …
Google Alert – bitcoin
This is what "big blocks introduce centralization" mean. When we scale to VISA levels, blockchain would grow 78 TB/Year. Not even mentioning what kind of hardware (besides storage) will be needed to confirm all those transactions. BCH developers couldn't see 2 weeks into the future when they coded in EDA. No suprise they are failing to see couple years in. All miners want is $ $ $ from transactions, not eventual world domination of bitcoin. UASF was a great success, thank you all for making it happen!
Edit: Someone provided better data that shows VISA processed 141 billion tx in 2016. That is 4471 tx/sec! We would need 1.49 GB blocksize to process this, and it would grow blockchain by 214 GB every day, and 78 TB every year!
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