Investment
Events

Transylvania Crypto Conference 2019: The Transition to Bitcoin-Only

single-image
Investment


There are a number of explanation why the Transylvania Crypto Conference (abbreviated as TCConf) was particular. First of all, it was a premier for Romania, a rustic that has by no means actually held occasions that concentrate on Bitcoin, regardless of giving the house some distinguished and eccentric figures, similar to Mircea Popescu and Bitcoin Magazine co-founder Mihai Alisie. 

Second, its transition from a “crypto” convention in earlier years to a Bitcoin-only occasion was fast, easy and largely evident. For occasion, Tom Trevethan’s presentation, titled “In Defense of Blockchains,” turned out to be an advocation for Bitcoin sidechains, whereas Felix Crișan (CEO of funds processor Netopia) cited Giacomo Zucco because the inspiration behind a last-minute title change, as his “Driving Crypto Adoption” presentation turned “Driving Bitcoin Adoption.” 

(TCConf was additionally the primary time I introduced in entrance of a really educated Bitcoin viewers, and the presence of heavyweights similar to Blockstream CEO Adam Back and former Bitcoin Core developer Peter Todd, amongst many others, made the state of affairs much more difficult.) 

Cypherpunk and Blockstream CEO Adam Back has been among the many most energetic panel individuals. Watch his whole convention presentation on Simplicity right here.

Altcoin Exuberance at a Bare Minimum

Throughout the three days of shows and panel debates, altcoin-related discussions on the convention have been stored to a naked minimal. For occasion, dealer, advocate and content material creator Tone Vays selected to give attention to an intensive evaluation of Bitcoin’s distinctive qualities after which proceeded to conduct a comparative evaluation with different altcoins — solely to show why Satoshi’s cryptocurrency continues to be king. 

Researcher and tutorial Wassim Alsindi additionally emphasised the “sui generis” qualities of Bitcoin, as each different coin fell into the “snowflake” or “shitcoin” class. 

The solely second when a powerful anti-Bitcoin rhetoric got here throughout occurred throughout John McAfee’s livestreamed presentation. The antivirus-software pioneer has taken benefit of many events to advertise altcoins (a few of which unusually occurred to go up in value shortly after his speech at TCConf got here to an finish). 

At a time when CoinJoins and single-use addresses have gotten more and more in style amongst Bitcoin customers, McAfee’s criticisms appeared out of date, considerably laughable and presumably induced by self-interest. McAfee forgot to say applied sciences such because the Lightning Network, the Liquid sidechain and Taproot — which successfully present additional layers of confidentiality.

On the primary day of the occasion, Bitcoin Core developer Peter Todd mentioned the problem of dishonest builders.

Why Romania’s First Big Bitcoin Conference Had It All

TCConf had its fair proportion of cypherpunkness, starting from Todd’s presentation on dishonest builders, to BTC Socialist’s exposition of DIY Bitcoin ATMs and different {hardware} tools, to Back’s detailed explanations on Bitcoin programming through Simplicity. 

RGB contributor and Storm lead developer Maxim Orlovsky defined how tokenization will occur on high of Bitcoin’s Layer 2, and Wasabi Wallet lead developer nopara73 (a.okay.a. Adam Ficsor) provided particulars on the way forward for CoinJoins, whereas HodlHodl CEO Max Keidun gave insights into the ability of multisigs.

On the buying and selling and enterprise aspect, “Bitcoin: The Future of Money?” creator Dominic Frisby provided a crash course in observing market dynamics, investor Max Hillebrand expressed his appreciation for all the “privateness weapons” accessible in Bitcoin, and Vays introduced convincing metrics that time to the inevitable demise of “shitcoins.” 

The essential dialogue and clear spotlight of the occasion happened on the finish of the second day, when Back, Vays, Zucco, Todd, Federico Tenga, Frisby, Alsindi, Renegade Investor and Nick Gregory debated their visions for the subsequent 10 years of Bitcoin. Hosted by Mike Patel, this panel exceeded the time restrict however by no means ceased to retain curiosity, with insightful pearls of knowledge and visionary opinions that sounded idealistic but possible. Watch the whole dialogue right here.

The all-star panel that closed day two was a spotlight of the convention.

BTC Socialist’s Lightning-themed panel with Ketominer, Nopara73, Hillebrand and Bitrefill COO John Carvalho was a detailed second, because it put emphasis on nice Lightning Network use instances similar to RGB, Storm, watchtowers and a few potential integrations with Wasabi Wallet.

Furthermore, there have been some humorous moments, similar to Ketominer’s “How I Almost Made an ICO” presentation, Theo Goodman’s presentation on memes and the impromptu recreation present “Toxic, Shitcoins or Dystopia.” 

From panels denouncing the restricted understanding of regulators in the course of the regulation panel, all the way in which to Rigel Walshe explaining the fundamentals of bodily safety in Bitcoin, TCConf had all of it. The occasion turned out to be surprisingly well-balanced and satisfyingly Bitcoin-centric. It mirrored a higher tendency of convergence towards the most effective type of cash, which, because of its additional layers, is getting its fair proportion of bells and whistles that have been previously unique to altcoins. 

In December 2018, Bitcoin Magazine introduced its personal unique give attention to Satoshi’s cryptocurrency and held its Bitcoin 2019 convention in June 2019 — simply as BTC dominance skyrocketed throughout a short-lived bull market that took the king nearer to the moon. It is simply a matter of time till much more conferences meet up with the development, and TCConf has now served as a high quality instance of the deserves of changing “Crypto” with “Bitcoin.”

The publish Transylvania Crypto Conference 2019: The Transition to Bitcoin-Only appeared first on Bitcoin Magazine.



Source link

Investment

Leave a Comment

Your email address will not be published.

You may also like

Bitcoin cryptocurrency exchange derivatives financial derivatives okex Tradings

Cryptocurrency Exchange OKEx to Launch Options Trading This Month

single-image



Malta-based cryptocurrency change OKEx introduced that it’ll launch crypto choices buying and selling on Dec. 27.

In a press launch on Dec. 9, the change stated that the addition of choices makes OKEx the “first crypto change to supply C2C, spot, futures, perpetual swap, and choices buying and selling underneath the identical roof.” 

The choices will enable the platform’s customers to purchase or promote an underlying asset after paying a premium. While actual choices buying and selling will start on Dec. 27, simulated buying and selling is scheduled to start out in simply three days, on Dec. 12.

A significant improve for OKEx

To implement choices, the agency reportedly upgraded its complete system and infrastructure, together with the addition of an anti-price manipulation system.

The possibility worth is set in real-time by using the Black-Scholes pricing mannequin, which considers volatility, possibility sort, underlying asset worth, time, strike worth…


View More Article
Crypto Ethereum News

Ethereum Developers Are Creating a Revolutionary Open Financial System: Report

single-image


 

To fight failing fiscal insurance policies, foreign money manipulation and a shadow banking system that continues to feed fee-grabbing monetary intermediaries, Ethereum builders are constructing instruments that reimagine how cash flows and the way monetary providers are offered.

In a brand new weblog publish entitled, “2019 Was The Year of DeFi (and Why 2020 Will be Too),” Mason Nystrom, content material marketer on the Ethereum incubator ConsenSys, explains the principle targets of decentralized finance and the Ethereum builders who launched new and authentic options that made DeFi the most well liked motion in crypto in 2019.

Writes Nystrom,

“The present monetary system is comprised of walled gardens with restricted transferability or two-way entry. Where interoperability is feasible, it’s managed by middlemen and rent-seekers. Open finance is outlined by platforms that may work along with a level of transparency with capabilities that complement each other.”

Ethereum is enabling interoperability, programmability and…

View More Article
Bitcoin Cryptocurrencies Denmark money laundering

No More Bitcoin for Nordea Bank Employees, Experts Question the Motive

single-image



An act of paternalism or a case of generic Bitcoin (BTC) mistrust? It is tough to make out the precise causes for Nordea Bank’s ban on its 31,500 staff buying and selling in Bitcoin or different cryptocurrencies — even on their very own time — a prohibition that was upheld on Dec. 2 by a Danish courtroom.

In a press launch posted by the courtroom following its ruling, Nordea Bank famous that, “Employees are permitted to maintain any current [crypto] holdings,” although it added that they had been inspired to promote them.

As reported by Cointelegraph, Denmark’s finance trade union, Finansforbundet, introduced a class-action lawsuit in opposition to Nordea’s cryptocurrency prohibition in 2018 on the grounds that the ban interfered with staff’ private lives. It seems that the financial institution, the biggest monetary group within the Nordic international locations (Denmark, Finland, Iceland, Norway…


View More Article
Bitcoin Bitcoin price Market analysis

Sorry — But Bitcoin Can Still Drop to $2.7K While Everyone’s Bullish

single-image


As the Bitcoin worth (BTC) begins to slowly ascend, the query on everybody’s minds is whether or not the most recent backside is in, or whether or not there’s extra ache forward.  

In this text, I’ll goal to supply some perception as to what one can count on based mostly on the data from the charts. 

Daily crypto market performance

Daily crypto market efficiency. Source: Coin360.com

Lower CME hole to be stuffed

BITCOIN CME futures daily chart

BITCOIN CME futures day by day chart. Source: TradingView

In final week’s evaluation, I identified that the CME hole was larger than the weekend worth, 7% larger in reality, and as anticipated this hole was stuffed on Dec. four as a $560 candle appeared out of nowhere…

View More Article
Altcoin Blockchain Cryptocurrencies cryptocurrency exchange Ethereum Hard Fork

Ethereum Istanbul Hard Fork Get Support From Major Crypto Exchanges

single-image



Following the profitable Ethereum Istanbul laborious fork replace, a number of in style exchanges have introduced their official assist for the community improve.

Yesterday, on Dec. 7, the Ethereum’s community noticed ample collaboration between node operators and miners to replace the software program to assist the Istanbul laborious fork.

Some crypto exchanges even sounded their willingness to replace just a few days previous to the scheduled laborious fork.

A extensively supported laborious fork

Notably, Binance introduced assist for the improve on Dec. 5 and the day afterwards its U.S. subsidiary did the identical. Coinbase additionally tweeted yesterday that Ethereum and ERC20 deposits and withdrawals have been resumed on its buying and selling platforms and the node improve has been accomplished.

The web site devoted to reporting the state of Ethereum assist of crypto change Kraken additionally means that…


View More Article
Bitcoin BTC grayscale Millennials News

Millennials Opting for Bitcoin Investment Over Netflix and Disney, Reports Charles Schwab

single-image


 

Millennials would fairly have publicity to Bitcoin than spend money on Netflix or Disney, in line with the lastest evaluation from Charles Schwab.

A brand new report from the funding large exhibits Millennials are opting to purchase Grayscale’s Bitcoin Trust, which is backed by BTC, as a substitute of shares of Microsoft, Walt Disney, Netflix or Warren Buffett’s Berkshire Hathaway.

The report additionally exhibits Millennials specifically are allocating a bigger portion of their funding portfolios to money and exchange-traded-funds (ETFs) in comparison with different buyers.

Mutual funds and Apple shares proceed to make up the most important holding within the accounts of all age teams, Charles Schwab reveals. 

“SDBAs are brokerage accounts inside retirement plans, together with 401(ok) and different varieties of retirement plans, which members can use to spend money on shares, bonds, ETFs, mutual funds and…

View More Article
Investment