Depends on how bad or good the CPI is. Things are weird in the markets now, bad is good and good is bad Anyway, btc is over $30k right now, and stock market is flattish down, so I guess the CPI was not that bad or was not that good
Just some random crypto chat if anyone's in the mood. I had a tiny holding in Arcblock which I bought impulsively,on rumour of an alliance with Amazon and on a pump.I have accepted the drawdown and converted the remaining to BTC. I only hold what I would classify as blue chip now-Bitcoin,Ethereum and Litecoin EXCEPT for one that has caught my eye and caused me to break my rules-Algorand.The price doesn't reflect how advanced it appears to be,which is concerning,but it interests me.Again,I only have a small holding and I'm hoping it's not one I have to dump later. Extract from an interesting and not too complex article below has some good insights into ALGO,how it measures against the current blue chip and also crypto in general: The Blockchain Trilemma The Blockchain Trilemma was a term first coined by Vitalik Buterin. It proposes three main goals that developers should strive to meet when building a blockchain network. Still, no team has been able to find a good balance between all three, as one has to be sacrificed for the other two. According to the trilemma, a blockchain network should be: Decentralized: Blockchains distribute control over the network equally to all participants rather than being managed by a single entity. Secure: Blockchain networks should have ironclad defences that prevent malicious entities from taking over. Scalable: Blockchains should support an enormous number of transactions and users without faltering by increasing fees and transaction times. Algorand may be the first network to overcome this. Image via Algorand Scalability has been the biggest hurdle for crypto, as we have seen in the form of the insanely high Ethereum gas fees and the congestion that caused the Cardano network to slow down after the launch of SundaeSwap. Ultimately, scalability troubles were also one of the factors that led to some of the recent issues faced by Solana and why Avalanche users experienced fees creeping above the $10 mark for complex transactions. Yes, scalability has turned out to be Blockchain’s Achilles heel. One of the few networks that have scaled incredibly well has been the Binance Smart Chain, but to achieve scalability, they have to be about as centralized as a network can be, going against the ethos of what crypto is all about. In addition, many projects feel that scalability can’t be at the expense of decentralization and security. How Algorand Resolved the Trilemma The team behind Algorand has managed to create a decentralized, highly secure, scalable network while also building a network with some of the lowest fees among any decentralized layer-1 protocol. Image via Reddit/AlgorandOfficial We will cover the team later in the article, but the genius behind Algorand is largely due to Silvio Micali, a professor at the Massachusetts Institute of Technology (MIT), which is renowned for being one of the top technical schools in the world. Micali is one bright cookie and realized that the blockchain trilemma could be resolved through employing randomness. Algorand does this by selecting validators randomly from all token holders. The network relies on an algorithm that automatically picks the next group of nodes that become eligible to add blocks. This approach maintains decentralization since the system can select all participants. The fact that no one knows who the next validators will be ensures security, which is another essential element in the trilemma.
On the btc perp futures, bitcoin hit above $31k I'm going to try something on the next round number, sell and then buy back when it pulls back I have an order to close the position at $32,010
How do you mean Krak? Outdated? Apologies if so,I was looking for current info but may have overlooked.