Stephen Colbert: Bitcoin payments are the ’second stupidest idea I’ve ever heard‘

Well-known US host Stephen Colbert spoke about Bitcoin on TV back in 2013: since then the price of the cryptocurrency has risen 40,000%

Stephen Colbert, charismatic host of The Late Show broadcast on CBS, doesn’t hold back his jokes when it comes to Bitcoin.

In a segment titled „Fortywhile,“ which features a hilarious news roundup for viewers cooped up at home, Colbert commented on a recent report by Vice in which hackers allegedly Bitcoin Code took control of Internet-connected chastity cages, devices worn by men that prevent them from engaging in any sort of sexual activity, and demanded a ransom in Bitcoin (BTC) to unlock them.

„Getting paid in Bitcoin? That’s the second dumbest idea I’ve ever heard,“ Colbert said with a laugh.

„Apparently these people connected their private part cages to the Internet and got hacked. Obviously it was bound to happen, it’s one thing to give control of your deprivation box to your better half, but from here to saying ‚I want to put my nether regions in the cloud‘ goes a long way!“

At the time, the Colbert Report host agreed

Colbert was one of the few talk show hosts to do a mainstream piece on cryptocurrencies in April 2013, when Bitcoin’s price was hovering between $50 and $300. At the time, the Colbert Report host agreed with Wall Street analyst Nick Colas, who described cryptocurrency as „nerd gold.“

„Bitcoin joins a rich tradition of invented currencies like Camel Cash and the Euro,“ Colbert joked. „Bitcoin only has value because a handful of people on the Internet agree it’s worth something.“

„If you don’t know what Bitcoin is… do you want to buy some? No? Are you sure?“

At the time of writing, the price of Bitcoin stands at $37,300, having risen 40,000% since the piece was broadcast eight years ago.

La linea di vista sull’inflazione degli Stati Uniti è tutt’altro che chiara dopo che il Dipartimento del Lavoro ha riportato il più piccolo guadagno annuale del CPI dal 2015. Quindi cosa significa per bitcoin?

Blockchain Bites: Bitcoin scambia lateralmente mentre l’inflazione USA viene attenuata
Ciao. Gli analisti riportano fosche proiezioni a breve termine per bitcoin mentre il Dipartimento del Lavoro degli Stati Uniti riporta un’inflazione ridotta nel 2020. Ecco la storia:

Prodotti istituzionali

Un nuovo prodotto negoziato in borsa (ETP) bitcoin supportato fisicamente ha raggiunto la borsa SIX in Svizzera. Sviluppato da ETC Group, questo è il 34 ° ETP bitcoin su SIX. Nel frattempo, la società Gemini Trust di proprietà di Winklevoss sostiene l’ultima domanda di ETF (Exchange Traded Fund) di bitcoin presentata in Canada. Se approvato, l‘ ETF bitcoin di Arxnovum Investments potrebbe essere negoziato sul Chicago Mercantile Exchange . I regolatori statunitensi sono stati a lungo scettici nei confronti di questi veicoli di investimento „ad alto rischio“, che molti indicano come un ostacolo all’interesse istituzionale (a proposito, controlla il nuovo sito editoriale di Blockwork ).

Fermare gli „affari divertenti“ di bitcoin … Il

presidente della Banca centrale europea (BCE) Christine Lagarde ha chiesto che il bitcoin venga regolamentato a livello internazionale , durante un evento Reuters. Il „bene altamente speculativo“ ha portato a „alcune attività riprovevoli“, incluso il riciclaggio di denaro, e ogni scappatoia deve essere chiusa, secondo un rapporto di Reuters. Nel frattempo, il regolatore preferito delle criptovalute, Brian Brooks, il capo ad interim della principale agenzia di regolamentazione bancaria degli Stati Uniti, sta terminando il suo mandato questa settimana , mentre si dice che Gary Gensler, esperto di criptovalute di Wall Street e Commodity Futures Trading Commission, sia nominato presidente di la Securities and Exchange Commission .

Proiezioni cupe?

Gli analisti sono cupi riguardo alle prospettive dei prezzi a breve termine del bitcoin , con molti che indicano un aumento dei flussi sugli scambi e un raffreddamento della domanda istituzionale. Martedì circa 57.000 BTC sono passati agli scambi, il più grande cambiamento di un giorno dal crollo dei mercati il ​​12 marzo 2020. Un dirigente di Goldman Sachs ha detto che gli investitori istituzionali sono la „chiave“ per frenare la volatilità del bitcoin . Né il calo del 20% di bitcoin lunedì, né la sua volatilità, hanno impedito alle „balene“ di acquistare il calo .

Bitcoin is breaking one all-time high after the other and a lot has happened in the decentralized finance (DeFi) sector in recent weeks. Several tokens reached new highs and recorded price increases of up to 80 percent.

The DeFi monitor

The DeFi-Monitor is back and a lot has already happened in the first week of the new year. In the last seven days alone, the capital in Crypto Investor logs has increased from 15.34 billion US dollars to more than 22 billion US dollars today.

As a result, the sector grew over 40 percent in just one week. The dramatic increase underlines the performance of many decentralized finance tokens. As a result, the “ ETF token “ DPI, which contains the 10 largest DeFi tokens, has risen by 42.33 percent in the last seven days alone. Synthetix Network (SNX), Aave (AAVE), Uniswap (UNI), Yearn.Finance (YFI) and Maker (MKR) were among the top performers in the index.

One token in particular was able to pull the index up particularly strongly this month. We are talking about the lending protocol maker that is one of the oldest projects in the DeFi sector.

Lending protocol: Maker course (MKR) explodes

Analystssuspect that MKR’s recent price rally is primarily related to the rapid growth of the entire sector. MKR is namely the governance token for both the decentralized lending platform and Maker’s autonomous organization (DAO). With the help of the MKR protocol it is possible to generate the stablecoin DAI, which is widespread in the DeFi sector. DAI is a stablecoin backed by various cryptocurrencies that is linked to the value of the US dollar.

The Dash cryptocurrency team is at a crossroads due to the dilemma caused by the delisting of the coin from the Bittrex trading platform. Recall that last week, the exchange announced the end of XRP trading amid friction between the Securities and Exchange Commission (SEC) and Ripple. Immediately afterwards, Bittrex representatives also decided to get rid of anonymous cryptocurrencies. However, the developers of Dash do not agree with such a statement: the project team stated that the coin is not anonymous and in this matter almost does not differ from the same Bitcoin.

It should be noted that the key representatives of the niche of private cryptocurrencies are Monero and Zcash. At that, in November last year with XMR there were 118 times more anonymous transactions in comparison with Zcash. These are transactions in which the sender, recipient and amount of the transfer are hidden.

Here’s a graph for clarity.

What’s going on with the Dash cryptocurrency?

The delisting from Bittrex has had a noticeable effect on the value of the altcoin. In the past two weeks alone, its value has fallen by at least 15 percent.

Today, the cryptocurrency is trading at $88. For the year, the cryptocurrency has shown 92 percent growth, while the coin’s trading volume for the day is the equivalent of $521 million with a capitalization of $882 million.

Dash trading on Bittrex is still ongoing, and the delisting itself is scheduled for January 15. In addition to Dash, Monero and Zcash will also disappear from the trading floor.

Representatives of the Dash team said on Twitter that they have already contacted Bittrex and are trying to resolve the issue. Here’s the developer’s rejoinder, cited by Cointelegraph.

From a technical standpoint, Dash’s privacy feature set is no greater than Bitcoin’s, which makes the label „privacy coin“ a misnomer for our project. We reached out to Bittrex to request a meeting with their team. We hope the problem will be resolved soon.

So in this case, they are explicitly pointing out that cryptocurrency is not a project that focuses on privacy and anonymity. In essence, they are abandoning their own positioning – albeit the old one – and pointing to Dash’s equality of opportunity with Bitcoin to save themselves from possible problems.

However, all is not so clear with this positioning. In particular, archived images from the Dash Foundation website from 2017 promote DASH as „the world’s first privacy-focused cryptocurrency,“ meaning that such a reputation did not come from scratch. The Dash Foundation’s website now states that DASH is „the leading payment cryptocurrency.“

In his recent delisting tweet, DashPay CEO Ryan Taylor also minimized the cryptocurrency’s privacy features. Here’s his quote.

Dash’s PrivateSend feature is simply a proprietary implementation of CoinJoin, not related to storage. Leading industry experts like Chainalysis and Perkins Coie agree.

Accordingly, here he also used the reputation of other market players to derail the image of the blockchain project.

Although the seeming turn of events caused ridicule and criticism on Twitter, supporters noted that in August, Dash published a guide to the cryptocurrency’s privacy features. In a blog post on Dash’s official website, Taylor wrote that „regulators are concerned that exchanges may not be able to comply with KYC/AML rules when transacting coins with privacy features“ because DASH is „often found on lists of privacy-enhanced coins.

We believe that saving Dash from delisting is already unlikely. Still, the management of the exchange made the decision, which means that before that there was an analysis of cryptocurrency projects‘ specifics. Accordingly, the renunciation of the title of an anonymous coin alone will not be enough.

Therefore, owners of Dash coins need to make a choice: keep them further or get rid of them. Given what is happening with Ripple and the cryptocurrency company XRP, there is still a possibility of governments or various agencies interfering in the life of blockchain projects.

What do you think about this? Share your opinion in our cryptochat. Also be sure to check out Yandex Zen for articles that are not on the site.