Several news have happened on last weeks, some are bad and some are goods. Personaly, I'm supporting Dogecoin since more than a year and Hive since few months, because their developers are constantly developing new and effective services for their people. I think Dogecoin can succeed mostly thanks to its community. But it's like a football match! so I understand people prefering to support Bitcoin or Ethereum values :)
Let's dig a bit on each major news of each of these crypto currencies.
Globally, regarding governements, they are intensifying their threats on cryptocurrencies claiming they want to control each transactions and that they want to ban cryptocurrencies which are too energy consuming (so probably ALL of them).
As you may already know, Ethereum has changed its mining algorithm in favor of Proof of Stack ... In fact there won't be anymore mining on this blockchain, people will just reserve/stack an amount of Ethereum to be part the block validators.
This major improvement is not fully deployed/adopted yet, but development are done and currently tested to be fully deployed this spring.
This is a huge news because energy cost is the main "concern" of goverments. So it's a great improvement, even if this concern is not the real government reasons for not adopting crypto. Such improvement could put Ethereum as the prefered governements crypto currency :D
https://twitter.com/Abhi00055444/status/1517519503760199680
Previous improvement won't be deployed and adopted before end of 2022, and it will not resolve Ethereum transactions fees which are too high ... and burning tokens will just accelerate their rise.
https://twitter.com/RichardHeartWin/status/1514522562482556933
650M$ have been stolen following a hack on Axie Infinity.
https://twitter.com/Cointelegraph/status/1517718659770327040
185M$ have been stolen following a security breach on BeanStalk
https://twitter.com/verge/status/1517562363813183489
I like a lot Vitalik, the Ethereum creator, he is brillant, fun, generous and nice. He has contributed to one of our major change in our era, he has made so many donations, etc...
In my opinion, he is THE main powerful asset of Ethereum, driving and deciding all major improvement of Ethereum blockchain. So unfortunately, he is also the main threat to its success because if he steps down things can really change as I don't see any major influencer who could spread the same aura.
Recently several news have more and more claimed that :
Bitcoin is the King of cryptocurrencies, when it falls it drives all others cryptocurrencies with it. So everyone must be careful. Current price is 39K$, which means the same price it was at start of year 2021 and some are thinking it could go down on following weeks. But who knows what will happen ! I like the Vitalik analyzis of Bitcoin maxi :)
https://twitter.com/VitalikButerin/status/1509826171692892166
Our world is facing a major energy crisis and Bitcoin is still consuming dirty and costly power for its mining. Still less than 1% of mining is done with renewable energies...
I don't know if it is good or not but recently some influencer of Bitcoin community have started to raise concern about energy cost and showed favor in proof of stake. I wonder if Bitcoin developers will be as good as Ethereum ones (and it should took them at least 2 years to the later one).
https://twitter.com/chrislarsensf/status/1508657053442580480
Yes, making transactions without Internet ... Just a starlink and a radio interface will allow people at 800 miles around to make Dogecoin transactions without internet access ... This is really really huge news regarding the amount of people on our planet who still don't have access to decent internet connectivity (or not connectivity at all).
https://twitter.com/cb_doge/status/1517378588965711872
New sexy mobile app to process dogecoin transactions. Tipping on Twitter or on mobile is really fast and cheap.
https://twitter.com/MyDogeOfficial/status/1516532394194399235
Still beneficying of Elon Musk's big support. The Doge-1 launch was initially planed to happen earlier this year, but seems to have been delayed, should happen soon (in 1 or 2 month probably). First crypto reaching literally the Moon :)
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I'm a BTC minimalist and altcoin maximalist. Most of the great project that can change the world are still under the radar. Take a look at https://koinos.io for an example. It is coming from the Ex-Steemit developers.
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The energy spent in securing the Bitcoin network is not wasted at all. Rewriting the blockchain must be extremely expensive in order for the blockchain to remain extremely secure. Bitcoin moving to PoS will not be Bitcoin, but yet another fork: BitcoinPoS. Bitcoin is the only one which didn't fail to the main requirement: immutability of the monetary policy.
They will ignore Bitcoin.
They will laugh at Bitcoin.
They will combat Bitcoin. <== We are here
They will adopt Bitcoin,
DogeRadio is a very promising project for fighting centralization. Crypto must be resilient to Internet routes shutdowns.
Doge-1 has to make us wait. I'm looking forward to this exciting bet on DOGE.
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Your Vitruvian Doge and your GIFs are awesome!
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