Bitcoin and cryptocurrency round-up 7 May

Posted: 7 May 2018 5:47 pm
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What's happening in cryptocurrency?

Bitcoin's hot intellectual property, PIVX breakthrough, Lbank-Kodak shadiness, scams galore, the crypto market drop and weekly bitcoin price analysis.

1. Always show your working

Especially if you're collaboratively programming a decentralised currency.

There's been a tangible surge of interest in bitcoin development, manifested in GitHub submissions.

2. Yeah, you've probably never heard of it. It was into anonymous staking before it was cool

Anonymous cryptocurrencies are often more multi-faceted than they appear.

Anonymity in coins introduces huge technical complications, and also does interesting things to the tokenomics underpinning system security.

3. Smile for the mugshot

Many people regard the Lbank cryptocurrency exchange as whatever the opposite of transparent, honest and trustworthy is.

Now that it apparently tried to flog a bunch of fake KODAKCoin ICO tokens, they have another reason to do so.

4. Trust no one

Not even this. Or that. Or this. Or any of that.

Navigating a field of charlatans, snake oil salesman and outright scammers is an essential skill that cryptocurrency has brought to the surface.

5. Crypto markets: "So help me I will turn this Lambo around"

Technically speaking, the markets got tired of everyone asking "are we there yet" so it turned the Lambo around. Or something like that.

There are several reasons for the current price decline. The main ones have nothing, and everything, to do with moons and Lambos.

Bitcoin price analysis: Yoga edition

Bitcoin steadily, smoothly extended towards $10,000 this week, its core strength on full display. It smoothly ran through a series of intricate routines, then subtly overextended itself before sinking into a strained full lotus position.

Disclosure: At the time of writing the author holds ETH, IOTA, ICX, VEN, XLM, BTC, NANO

Disclaimer: This information should not be interpreted as an endorsement of cryptocurrency or any specific provider, service or offering. It is not a recommendation to trade. Cryptocurrencies are speculative, complex and involve significant risks – they are highly volatile and sensitive to secondary activity. Performance is unpredictable and past performance is no guarantee of future performance. Consider your own circumstances, and obtain your own advice, before relying on this information. You should also verify the nature of any product or service (including its legal status and relevant regulatory requirements) and consult the relevant Regulators' websites before making any decision. Finder, or the author, may have holdings in the cryptocurrencies discussed.

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