Why isn't Ethereum Classic worth $0? Macro investor asks ...

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Recent Posts. Bitcoin Price Hits Resistance After Surge to $9.6K — Is $10K Next? The CoinDesk 50: Binance Eyes the Whole Pie; On-Chain Data: Even After $5,000 Gain, Bitcoin Shou ↑ Salmon, Felix. "The Bitcoin Bubble and the Future of Currency". Archived from the original on 21 February 2014. Retrieved 9 April 2013. ↑ Ro, Sam (3 April 2013). "Art Cashin: The Bitcoin Bubble". Archived from the original on 9 April 2014. ↑ "Bitcoin value drops after FBI shuts Silk Road drugs site". BBC News. 3 October 2013. Binance says hackers accessed some user API keys, 2FA codes, and stole 7,000 bitcoins worth ~$41M; it will use its Secure Asset Fund for Users to cover the loss — Hackers stole more than 7,000 bitcoin from crypto exchange Binance, the world's largest by volume, the startup reported Tuesday. Binance says hackers accessed some user API keys, 2FA codes, and stole 7,000 bitcoins worth ~$41M; it will use its Secure Asset Fund for Users to cover the loss — Hackers stole more than 7,000 bitcoin from crypto exchange Binance, the world's largest by volume, the startup reported Tuesday. According to the companies, approximately 800,000 ETC (about $5.6 million) was double-spent, while the attack cost an estimated $204,000 worth of Bitcoin for the attack. The fact that two 51% attacks took place in a week has left many to question the intrinsic value of ETC, which is still the 25th largest cryptocurrency by market capitalization as per CryptoSlate data. For the bear case, read Felix Salmon’s post and for the bull case read Ben Horowitz’s rebuttal annotated to his post. They set up a bet: Five years from now, in January, 2019, we’ll poll a representative sample of Americans. If 10 percent or more say they have used Bitcoin to buy something in the past month, Ben wins. If it’s fewer than ... Meanwhile, Salmon was confident about his bet, stating how Bitcoin’s value will indeed increase but not because of its use but rather based on a speculative rise in value. He cited how those who bought Alpaca socks using Bitcoin would regret, noting the price increase, and would have preferred sitting on it rather than spend it.

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