[BeyondCC Daily Update] - 2nd February 2019
We need to get serious about vocabulary. The crypto sector has earned a well-deserved reputation for obfuscating with confusing jargon, and the use of certain terms for hype purposes has not helped (how many “blockchains” have chains of blocks?). Even the term “crypto,” too, is confusing, implying cryptography which is about secrets… for public, transparent protocols.Don’t Believe the FUD: Ethereum Can Scale
Over the past few months, we have noticed a significant number of articles proclaiming the imminent failure and collapse of the ethereum platform due to its inability to scale and its overall lack of user traction. This is hardly a surprise; with many new emerging technologies, we see a similar hype cycle. In Gartner’s famous model, the “Peak of Inflated Expectations” is followed rapidly by the “Trough of Disillusionment.”Bitcoin Is Now Officially In Its Longest Bear Market Ever
Bitcoin has officially entered the longest stretch of declining prices in its 10-year history. The world’s oldest and most valuable cryptocurrency achieved an all-time high of $19,764 on Dec. 17, 2017 on the CoinDesk Bitcoin Price Index and has printed a series of lower price highs ever since, making February 2 (as per UTC time), the 411th consecutive day prices have been in decline.