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Venezuela, bolivar and altcoins


Laforge

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+++++ Pretty shocking to me, black market prices for the Bolivar are... extreme - wtf is that govt doing over there? Smells like North Korea 2.0

https://www.bloomberg.com/news/articles/2017-12-01/one-dollar-now-buys-103-000-bolivars-in-venezuela-s-black-market

https://www.youtube.com/watch?v=QUrlpDL5hyU

 

+++++ Btc-core dropping in value,

Nothing particularly shocking here, we're used to much bigger price swings. But... what do you guys know? I've recently noticed from Shapeshift.io and other practical Bitcoin platforms that transaction fees are going through the roof.

* approx. 15 euros minimum miner fee needed to transfer btc.

* The transaction memory pool is overflowing.

Can market forces fix the amount of miners to bring down fees?

Is there an ETA for a btc-core lightning network?

Are they going to do a fork again?

Will btc-cash take over? If yes, will the blockchain itself explode in file-size, causing centralization? Would it be wise to look at other technologies like IOTA's "Tangle"?

 

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