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      "body": "Sorry to hear you got hacked, it must feel awful. \n\nI have one question: how did they access your account with just one 2FA code? I’m no cryptography expert but I thought you would need at the very least two code/ time combinations to be able to decide your API key. \n\nOr did they log into your account there and then?",
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      "title": "",
      "body": "Yes. It's not clear though what requirements WaveCrest had not complied with.  Visa either did not have a choice or they exploited a reason  to shut WaveCrest down.  \n\nI agree with you on embracing cryptocurrencies.  As with any new technology and innovation there will be people, corporations and governments that will fight it.  This has happened all through history.  The Henry Ford's first car, the internet and now crypto.  Eventually they will need to accept and embrace it to survive!\n\nThank you for your reply :)",
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      "body": "Bad move if you ask me. Visa need to embrace cryptocurrencies or they will be swept aside eventually.",
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      "author": "steemitboard",
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      "title": "",
      "body": "Congratulations @rastamouse! You have completed some achievement on Steemit and have been rewarded with new badge(s) :\n\n[![](https://steemitimages.com/70x80/http://steemitboard.com/notifications/voted.png)](http://steemitboard.com/@rastamouse) Award for the number of upvotes received\n\nClick on any badge to view your own Board of Honor on SteemitBoard.\nFor more information about SteemitBoard, click [here](https://steemit.com/@steemitboard)\n\nIf you no longer want to receive notifications, reply to this comment with the word `STOP`\n\n> By upvoting this notification, you can help all Steemit users. Learn how [here](https://steemit.com/steemitboard/@steemitboard/http-i-cubeupload-com-7ciqeo-png)!",
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      "body": "@@ -365,16 +365,17 @@\n ure, the\n+y\n  will ju\n",
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      "body": "@@ -103,17 +103,16 @@\n  Bitcoin\n-s\n .%0A%0AIt's \n",
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      "permlink": "re-ghayas-re-rastamouse-same-old-narrative-in-the-guardian-20171129t232700980z",
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      "body": "Yes agree that it suits us commoners for the elites to be so far behind the curve.",
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      "parent_permlink": "re-rastamouse-same-old-narrative-in-the-guardian-20171129t232453035z",
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      "permlink": "re-ghayas-re-rastamouse-same-old-narrative-in-the-guardian-20171129t232617346z",
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      "body": "No problem, glad you appreciated it :-)",
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      "body": "These are misguided people doomed in their grudges. Traditionalists will never understand the value of Bitcoins.\n\nIt's not Bitcoin that is important but the impeccable underlying technology that we value the most. And I am glad that these guys don't understand this Crypto thing at least the commoners have a chance to earn some extra money.\n\nAnd one thing is for sure, the will jump into this train, one way or the other.\n\nThanks for the link.",
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      "permlink": "same-old-narrative-in-the-guardian",
      "title": "Same old narrative in the Guardian",
      "body": "I've just stumbled upon this article on the Guardian:\n\nhttps://www.theguardian.com/technology/2017/nov/29/bitcoin-world-economy-bank-of-england-jon-cunliffe-price\n\n\"Not a stable store of value\" William Dudley, CEO of the Federal Reserve\n\n\"Too small to pose a risk to the global economy\" Sir John Cunliffe, deputy governor of the Bank of England\n\nThese people are falling for the tulip narrative, that Bitcoin is a fad which will spectacularly crash and then die a death.",
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      "author": "rastamouse",
      "permlink": "vertcoin-what-s-behind-the-sudden-hype",
      "title": "Vertcoin: what's behind the sudden hype?",
      "body": "![](https://steemitimages.com/DQmYG3wvG5RfXmdHYxJ8D7XmZHBSCMK4GDeuPVsyqm8qoVp/image.png)\n\n<b>What is vertcoin?</b>\n\nVertcoin is a cryptocurrency very similar to bitcoin and litecoin.\n\nVertcon has been around since January 2014. Like litecoin, vertcoin has a maximum supply of 84 million and block times of two and a half minutes. Vertcoin also enabled segregated witness (SegWit) in May 2017, a few months before bitcoin and a week before litecoin. For those of you who don't know, SegWit enables activation of the lightning network.\n\n<b>Atomic swaps</b>\n\nSegWit activation alone amounts to a a fairly insignificant reduction in block size (around 61%), enabling cheaper transactions for the notoriously expensive bitcoin.\n\nThe real breakthrough, however, is the possibility of the lightning network. The lightning network allows for a type of transaction called an atomic swap.\n\nSounds a bit like a nuclear weapon, right?\n\nWhat this means is you can trade, e.g. litecoin for bitcoin, without going through an exchange. In this regard atomic swaps are a true Silicon Valley-style disruptive technology.\n\nWhile the technology is not built into wallets yet, it will surely not take long for the ecosystem to catch up. In the future, everyone will be able to perform cross-chain swaps without too many issues.\n\n<b>Bitcoin</b>\n\nLightning network adoption is by no means universal among cryptos, only a handful can enable this tech. As such, vertcoin stands to gain massively if and when bitcoin atomic swaps start to happen.\n\nAssuming that the SegWit 2x fork peters out å la BCash, the main bitcoin chain after November will remain the core one we use today, with 1MB blocks. As bitcoin adoption continues to grow, regular transactions on the blockchain will become increasingly expensive. Some have speculated that this could be fatal for bitcoin and indeed this was the rationale used for the BCash and B2X hard forks.\n\nAtomic swaps on the lightning network offers the scalability solution that bitcoin needs without requiring bitcoin itself to be a daily currency.\n\nIt is often said that litecoin is the silver to bitcoin's gold. Well vertcoin could very well be the bronze.\n\n<b>The future</b> \n\nThe future I see is one in which bitcoin becomes a major store of wealth, like gold. Nobody buys a coffee with gold though and similarly nobody would ever buy a coffee with bitcoin. \n\nImagine that you have a stash of bitcoin, worth thousands of dollars. All you would have to do is occasionally top up your spending wallet in your spending currency, say, vertcoin.\n\nIn summary, vertcoin's similarity to bitcoin and litecoin is what offers so much upside potential. It seems the markets have been slow to catch on to this potential, but sitting at 90k satoshis and $5.60 at the time of writing, or a market cap of $228M, there is still a lot of room to grow.\n\nAdd to this that the difficulty is set to double in December and the long term future looks very rosy for vertcoin indeed.",
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      "author": "rastamouse",
      "permlink": "re-louisthomas-warning-cryptocurrency-scams-and-ponzi-schemes-everywhere-20171031t104325302z",
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      "body": "Totally agree. When one of these ponzi schemes does collapse (and I'm thinking of one top ten crypto in particular) this will generate a massive amount of FUD and negative crypto headlines.\n\nI think there's a lot more growth before a crash though. And it's gonna be massive when it hits!\n\nFor someone with their head screwed on though it could bring a great buying opportunity if it drags down other cryptoccurrencies with it.",
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