BTC News over the weekend in Riga, capital of Latvia, in order to give an account of the Baltic, Honey Badger, 2019. This event is aimed primarily at the bitcoin maximalisten. The famous bitcoin investor by Tone Vays, was one of the speakers, and he did remarkable things to say.
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Alcoins have no case, and it will be all 0’s worth
Tone Vays has a bad word to say about altcoins. He believes that all the current altcoins’t be worth it. That’s because it’s not a good use case for altcoins. At the moment, altcoins, in his eyes, only to be used for speculation.
He’s trying to make his argument for the force to take a look at litecoin:
A good example of this is the litecoin block halving. Litecoin has a maximum of one, halving it in him (ed: in four years ‘ time because, if the price is so low, no one will want to litecoin mining. This has an impact on the whole of the security and reliability of the network.
You can see this fact right now. Directly after the halving from last August, is that the hashrate has dropped significantly.
Ten years from now the other altcoins
Vays to think that all of the current altcoins have the same fate. 10 years from now, all of the altcoins, nothing is more worth it, because there just isn’t a use case is. All of the current altcoins can be replaced by any other altcoins with the respective use cases.
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The Hype is Bakkt incomprehensible
At the request of the audience was Tone Vays on the upcoming launch of the Bakkt. He understands, sincere, the hype is not. In his eyes there is no difference between a Bakkt, and, for example, Coinbase: “The only difference between them is that the Bakkt more than once per day for bitcoin will provide.’
Vays had to admit that Bakkt likely to have better security, and is able to make use of a much larger network.
A lack of innovation
The value of Bakkt, then, is not only one of innovation, declares Vays. He is expected to Bakkt, just as in the regular stock market, and the role it would take in of all the crypto exchanges in the world. So, there is only one hard place to get bitcoin is to sell them. Then you can have brokers such as BTC, but Right for the market to go up for both individuals and businesses.
When all of the bitcoins in the same place, there is always plenty of liquidity in the market, in order to act upon it. He stressed, however, that it was not a big fan of it. This brings in a lot of other problems with it.
In between the hustle and bustle of the conference and shared the Tone Vays is also a technical report: