Discussion about Primecoin and its infra. Primecoin is a very innovative cryptocurrency, being the 1st non Hash-Cash PoW crypto, naturally scarce (not artificially), with very fast confirmations (1min), elastic readjusting reward & a useful mining (byproducts are primes). Primecoin is sustainable (miners are guaranteed to have revenues), and decentralized (ASIC/FPGA are not particularly advantaged). Sidechain for decentralized data applications (e.g. Storj) currently in development.
If we want crypto to thrive, we need CMC and Exchanges to stop calculating Alt values from bitcoin price
Weve seen a lot of red lately. Much of this is because the calculated value of most cryptos is solely from BTC price, as most cryptos on exchanges arent traded to any fiats. (alt to bitcoin price ratio) * (bitcoin price in fiat) = alt price in fiat This means any time bitcoin drops, everything else is going to drop. This is terrible for the crypto community. Every coin should be able to grow independently of bitcoin, and not have its value dragged down when bitcoin drops. We need to start pushing for the CMC and exchanges to stop calculating Alts value solely on bitcoin value. Having exchanges pair everything with stable value currencies will remove these wild swings in the crypto market any time BTC goes down. More pairings = more arbitration = price averaging instead of crashing. edit: EXAMPLE - A coin is listed for .01BTC per coin on the exchange, BTC pairing only. If the price of BTC on Monday is $15000 the alt coin is worth $150. On Tuesday if BTC drops to $500 the alt coin is worth $5 according to current market valuation methods. This is the worst way to derive value for a crypto. We need a movement to add more pairs, and for each crypto to have as many fiat pairings as possible to prevent the market from crashing just because bitcoin does.
CME Group To Offer “Options” On Bitcoin Futures in Early 2020. Further, the CME CF Bitcoin Reference Rate ( BRR) will be calculated on a daily trading volume of major Bitcoin exchanges and trading platforms.
Question: Id like to start selling bitcoin to people that cant buy them themselves, whats an easier way to calculate the exchange rate for fiat to BTC in a private transaction ? Like for example a guy wanted to get $200 , after fees and transfers it came out to $126 left ... /r/BitcoinBeginners
02-02 01:23 - 'How do you calculate the exact altcoin/usd rate when you buy/sell altcoins with bitcoin? I know the rate in BTC I bought and sold at but not the exact btc/usd exchange rate for the time of the transaction. That makes it hard to ac...' by /u/tsylvg removed from /r/Bitcoin within 0-5min
''' How do you calculate the exact altcoin/usd rate when you buy/sell altcoins with bitcoin? I know the rate in BTC I bought and sold at but not the exact btc/usd exchange rate for the time of the transaction. That makes it hard to accurately report the USD cost/loss/profit. Exchanges don’t give rates for exact times which is needed since there is so much price volatility from minute to minute. ''' Context Link Go1dfish undelete link unreddit undelete link Author: tsylvg
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