Peter Schiff Mocks Max Keiser's Bitcoin (BTC) Maximalism. Blockstream CEO Responds

News
Sun, 06/28/2020 - 14:39
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Vladislav Sopov
Prominent anti-Bitcoiner 'Gold Bug' Peter Schiff launched an ironic poll, asking his audience about RT host Max Keiser’s future of Bitcoin (BTC) investments.
Peter Schiff Mocks Max Keiser's Bitcoin (BTC) Maximalism. Blockstream CEO Responds
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Peter Schiff, CEO of Euro Pacific Capital and a vocal Bitcoin (BTC) critic, asked his audience about the price of Bitcoin (BTC) and what could make Max Keiser sell his riches.

Throwing in the Towel

Mr. Schiff presumed four options and left subscribers guessing as to whether Mr. Keiser would have enough patience to hold onto his Bitcoins (BTC) at $2,000, $1,000, $100, or until it reaches zero. His followers didn't disappoint him.

Peter Schiff launches a poll about Max Keiser
Image via Twitter

Almost three quarters of the respondents are sure that Mr. Keiser will ride the Bitcoin (BTC) price down to zero. 11.5% of his followers wouldn't be surprised if he sells Bitcoin (BTC) when the price enters the three-digit waters.

Only one out of six voters were merciful to let Max Keiser sell between $1,000 and $2,000. 

This poll excited the global cryptocurrency community. Misha Lederman, Director of Marketing and Communications at TronWallet, claimed that those who lose their PIN codes and forget to save during recovery phase would better not to discuss Bitcoin (BTC) and the cryptocurrencies segment.

Adam Back Has Something to Say

Adam Back, a legendary cypherpunk and CEO of Blockstream (development studio that designs Bitcoin (BTC) solutions), criticized the maximalism of the 'Gold Bugs'. He presumes that Mr. Schiff will one day add Bitcoin (BTC) to his allocations.

He also admits the fact that he has a small gold hedge holding in his portfolio. However, the adoption of Bitcoin (BTC) is still way behind gold, so such a comparison is inappropriate. Yet, it's interesting for Mr. Back to know whether Mr. Schiff adds Bitcoin (BTC) to his portfolio before its mass adoption.

Peter Schiff commented that the peak of Bitcoin's market capitalization is long gone and that the flagship crypto is in a downtrend.

I doubt that was even near the s-curve top. but if you think so - how much gold are you willing to bet on that? 
@BTSEcom
 has XAU denominated BTC futures now.

Adam Back offered the investor a bet. He asked about how much Gold (XAU) he would need to stake to confirm that Bitcoin (BTC) never reaches a new all-time high (ATH) in terms of market capitalization.

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About the author

Blockchain Analyst & Writer with scientific background. 5+ years in IT-analytics, 2+ years in blockchain.

Worked in independent analysis (Crypto Briefing) as well as in start-ups (Swap.online, Monoreto, Attic Lab etc.)

2,500,000 Ethers Locked in Ethereum 2.0 Deposit Contract as ETH Rejected From $1,250

News
Fri, 01/15/2021 - 18:02
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Vladislav Sopov
Ethereum 2.0 enthusiasts deposited whopping sum in its contract launched six weeks ago
2,500,000 Ethers Locked in Ethereum 2.0 Deposit Contract as ETH Rejected From $1,250
Cover image via stock.adobe.com
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While crypto markets are trying to get out of the most painful correction in this bullish cycle, the Ethereum 2.0 deposit contract accomplishes another crucial milestone.

ETH2 deposit contract surpasses $3,000,000,000 level

According to leading Ethereum network observer Etherscan, the Ethereum 2.0 deposit contract (0x00000000219ab540356cBB839Cbe05303d7705Fa) allocated more than 2.5 million Ethers. New 32-ETH stakes are transferred to it every minute.

ETH2 deposit contract breaks above $3B
Image by Etherscan

As the correction of the Ethereum (ETH) price ended, ETH is changing hands at $1,225: the $1,250 level was too difficult for bulls to conquer. Meanwhile, even at press time, it is worth almost $40,000 to join the club of Ethereum 2.0 stakers.

Therefore, the USD-denominated value of assets locked in the contract surpassed $3 billion for the first time ever and keeps surging.

It should be noted that Ethereum 2.0’s deposit contract went live on Dec. 1, 2020, heralding the start of ETH2 Pase Zero or Beacon Chain, the inaugural stage of Ethereum 2.0.

Ethereum 2.0 “entry tickets” become really expensive

At press time, more than 52,267 addresses transferred money to the deposit contract.

Ironically, Black Thursday in Crypto (March 13, 2020) was the most convenient time to join Ethereum 2.0 staking with Ether at $95. Today, Ethereum (ETH) enthusiasts should pay 13 times more to have a minimum amount of Ethers required for staking.

Ethereum 2.0 is a proof of stake (PoS) iteration of the Ethereum (ETH) protocol. It replaces mining by staking and splits the whole Ethereum (ETH) network into several interconnected sub-chains (shards).

According to Staking Rewards analytical dashboard, annualized rewards for ETH staking are estimated between 10.4 and 10.6 percent.

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About the author

Blockchain Analyst & Writer with scientific background. 5+ years in IT-analytics, 2+ years in blockchain.

Worked in independent analysis (Crypto Briefing) as well as in start-ups (Swap.online, Monoreto, Attic Lab etc.)