#ethereum London hard fork is coming soon. Here's what you need to know.
1 - It may not actually be soon. lol. Ethereum man... Anyway, the core devs are meeting on the 9th to discuss the release. It was originally scheduled for the 14th. August 4th is now being floated. Could easily be pushed back months.
1.1 By the way, there is no fork coin to claim. You will also not need to do anything if you are using a regular wallet or exchange account. Those running nodes will need to upgrade.
2 - The proposed upgrades to this are currently live on Ethereum testnets. In total there are 5 technical upgrades included in this fork.
3 - EIP 3554 Is the difficulty bomb delay until December 1st. This is critical to keep miners happy until the proof of stake merger can happen.
4 - EIP 3198 gives the EVM access to the block’s base fee. EIP 3529 removes and reduces gas refunds. EIP 3541 rejects new contracts starting with the 0xEF byte
5 - The biggest and most anticipated upgrade is EIP1559 which will introduce a base fee and fee burning and will make layer two more reliable.
5.1 While the base fee features are very important, what excites most investors is the fee burning mechanism which is like an automated stock buy back mechanism. Over time this will make ETH deflationary.
Final thoughts. This is an important upgrade and continues to underline the forward thinking innovational nature of Ethereum.
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Later in July, starting from the 13th Grayscale will begin the unlock of around 41,000 #bitcoin worth of GBTC shares. But WTF does this actually mean and should you be worried.
You need to read this thread!
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1 - FUD master in chief JP Morgan is saying that it will dump BTC to 25k. I tend to never believe what these criminal financial terrorists say as a rule of thumb.
1.1 Celsius CEO Mashinsky thinks it will cause a big sell off. BUT his maths are epicly badly flawed. He says 20 billion (570K BTC) will be unlocked which is categorically not true., it is 41k BTC. Sounds like someone is shorting or highly misinformed?
How much #bitcoin do you need to get rich? Can Bitcoin still make you a millionaire?
1 - Well, first, let's face this fact. If you can afford to buy 1 BTC today then congratulations you are rich! 1 BTC is worth more than the average annual income of the majority of the world's citizens. worldpopulationreview.com/country-rankin…
1.1 So getting "rich" from buying BTC is highly subjective. But one thing is for sure in my mind buying BTC is a way to ensure I don't go poor slowly with fiat.
While the #bitcoin#crypto markets are going through this "meh" phase, I remain as bullish as ever on this asset class!
Here are some reasons why the entire crypto market will rise to be worth tens of trillions this decade!
1 - We're seeing an unprecedented phase of adoption by finanical institutions. Major banks are now letting customers buy and sell Bitcoin. NYDIG has built relationships to allow almost any US bank to offer Bitcoin. Paypal now providing services for over 300 million customers.
Meanwhile in the US alone around 16 trillion is sitting in low yield bank accounts. You know that some of that money is going to find its way to crypto especially since it has never been easier to buy! cnbc.com/2020/06/21/ban…
#bitcoin will go on to rival the market cap of #gold this decade. That is a 15X from the current price, which will give a per unit price of $550,000 per BTC.
Bitcoin is the new gold, the gold for internet era. One of the world's richest men Ricardo Salinas Pliego agrees
If you want to get rich with #crypto with a higher degree of certainty then you need a longer time frame. Here are a few ideas.
Learn how to dollar cost average into fundamentally strong coins. If you had bought $100 of BTC every week since the 2017 peak until today you would be $80,000 in profit.
Understand the power of compounding. Coins like Ethereum, Polka Dot, and Cardano offer staking. This allows you to stack more coins using your existing coins. This can be HUGE!
If you want to try and get rich quick in #crypto then here are a few ideas.
Dog memes, this intensely over saturated market is an "investor" favorite. Everyone wants to repeat the success of Shiba Inu which went up 33,000% in a month. In reality 99.9% of investors will lose money chasing these dog coins. But everyone wants to be the exception.
Leverage trading. You can get 100x leverage turning your 1 BBTC into 100BTC trading power! Wow! Except many "traders" have little understanding of liquidation & funding mechanisms. 90% of traders lose 90% of their account in the first 90 days. Be careful!