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Our friend Jon Wright has released the first edition of his new eZine for the cryptocurrency sector, Wallet21. In it, he explores predictions for 2018, problems confronting Bitcoin Core, current prices of the crypto current "Big Three" and a cryptocurrency wish list.
Bookmaker accepts most crypto-currencies
"Surprisingly, there are not many magazines that talk about anything to do with Bitcoin, cryptocurrencies or about blockchain technology," Wright points out. "Magazines are not losing their popularity and if anything they are becoming more accessible than ever before including digital magazines and flipbooks. Bitcoin is the driving force behind all this interest and it still isn't a mainstream topic and has serious room to grow.
"There are many people who say that what the Internet has done for our society today, blockchain and cryptocurrencies will be far more disruptive and influential."
Bitcoin Core vs. Bitcoin Cash (scroll down)
As of now, one of the biggest problems facing Bitcoin Core is the noticably high transaction fees compared to say Bitcoin Cash.
In December 2017, Bitcoin transaction fees hit all time records surpassing $50! Meanwhile Bitcoin Cash fees are hovering around the $0.30 levels while the high levels hit $0.90 but quickly went back down, Wallet21 reports.
The problem with Bitcoin Core?
Bitcoin seems to have a lot of groups wanting to control how things are done and it’s hard to imagine much getting done on important changes when not everyone is on the same page. The Bitcoin fork on August 1st, 2017 at least addressed some of these issues in that those that liked the direction Bitcoin was approaching, they could have it their way where Bitcoin was like digital gold while the other group wanting Bitcoin to be faster with low fees and a practical means of payment, got their way with Bitcoin Cash.
This has led to some very public in-fighting within the cryptocurrency world with one of Bitcoin Core's first successful investors, Roger Ver, taking much of the heat. Ver has recently moved away from his support of Bitcoin Core in favor of Bitcoin Cash, citing the later as more in line with his initial vision of what a cryptocurrency should be.
Ver tweeted in late December:
The reason there is so much hostility from Bitcoin Core towards Bitcoin Cash is because Core knows they have stolen the name but are advocating a completely different system than what was originally described by Satoshi.
“Being factually correct is more important than being in agreement with the majority,” he stated on January 5.
Wallet21 compares the differences between Bitcoin Core and Bitcoin Cash in its first edition.
At the moment, Bitcoin is of course the top valued coin on the market worth over $15k today. Bitcoin has high transaction fees and they take some time to process so this makes Bitcoin a decent means of storing value but it falls short when it comes to using it for any type of financial transactions or payments. Bitcoin Cash has both low transaction fees and they are processed quickly. So you can treat Bitcoin like a bank wire where it never arrives instantly but you would use it to send a lot of money and Bitcoin Cash as being nearly instant. Except that Bitcoin Cash can also be used like the bank wire to quickly transfer money as small or as large as you want. So if this is how Bitcoin stacks up against Bitcoin Cash, why would people want to keep using Bitcoin? Right now the answer is Bitcoin is worth the most and it has nearly the whole spotlight to itself. Most investors looking into the world of cryptocurrencies are usually heading into it based on Bitcoin. There are others that are hopping on the alt coin train with ICOs but not all of those will survive.
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In his other life, John Wright acts as an online casino affiliate and coach but recently has been studying the world of cryptocurrencies
Other Cryptocurrency Topics Covered
The first edition of Wallet21 also covers such topics as recommended cryptocurrency hardware whereby Wright reviews Ledger Wallet.
"Why are these USB hardware wallets so popular?" he asks. "They are popular for users that take security very seriously. The number of money stolen every year is astonishing and you'll not need to look further than Youbits getting hacked a 2nd time and going out of biz."
You can read and/or download Wallet21 Magazine Edition 1 here
- Chris Costigan, Gambling911.com Publisher
