Business

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Fairly or unfairly, Bitfinex and Tether need to release their audit report as soon as possible

It is alleged that Tether is being conjured out of thin air. They are being issued with no money backing them. Backing is important because each Tether is supposed to be backed by $1 USD. These Tethers are also alleged to being transferred to Bitfinex, one of the biggest cryptocurrency exchange in the world, who then uses these Tethers to somehow buy more Bitcoins directly or indirectly. This implies that Bitcoin's price is being artificially propped up. Why would that be bad? Well, imagine if someone was counterfeiting dollars and started buying houses in your area.

Danger: Bitcoin's Lightning Network is the first step towards Corporate and Government control over Bitcoin

Users of Bitcoin are having to pay high transaction fees and wait for hours, even days, for their transactions to be confirmed. Bitcoin Core proposes a solution that takes away our digital signatures into another system provided as a service by Blockstream. This is a form of centralization. This Segwit/Lightning Network solution accumulates important pieces of information into one area where it could be controlled, manipulated or stolen. It also makes it easier for governments to the delight of banks and central banks, to justify unnecessary controls over our freewill to transact with whom, for what and in a manner we want.

How Bitcoin Cash's Emergency Difficulty Adjustment is affecting hashrates and mempools of Bitcoin and Bitcoin Cash

I want to know the effect of Bitcoin Cash's Emergency Difficulty Adjustment (EDA) on Bitcoin (BTC) and Bitcoin Cash (BCH). The discussions between BCH fans and BTC fans are quite polarised and there's a lot of insults going around. It is hard to get a handle of what is really going on. 

The Bitcoin network is getting really congested and this time, it is a serious worry

DISCLAIMER: None of this is financial advice specific to you. I could be wrong so you have to do your own research to find out what's best for you. 

TOPIC: Bitcoin | Bitcoin Cash | Bitcoin Death Spiral

Bitcoin is around its highest valuation but there is a worrying trend. Bitcoin's Network is getting really congested. There are currently 85900 Unconfirmed Transactions. The following shows the aggregate size of transactions waiting to be confirmed. 

Transactions are cheaper and faster with Bitcoin Cash than Bitcoin

From a user's perspective, I would want cheaper transaction costs if I were to use a cryptocurrency to buy a good or a service or even maybe another cryptocurrency. 

I would also want that transaction to be approved quickly. 

If we compare Bitcoin (BTC) with Bitcoin Cash (BCH), here is what we see:

TRANSACTION FEES OF BITCOIN AND BITCOIN CASH COMPARED

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