Reserve: A Digital Currency Built to Replace the British Pound

bitcoin price gained almost $2000 in 12 hours into Tuesday as the virtual currency’s correction gives way to gains and investors reaffirm their faith.

bitcoin Price Optimism Returns

Volatility has briefly returned to markets post-Christmas, bitcoin currently circling $15,200 according to Coinmarketcap’s average trading prices, up from $13,680 Monday but coming down from the day’s high of $15,700.

The move has dampened altcoins, with a mixed bag of gains and losses greeting investors today. Civic, which surprised by posting sudden huge advances from $0.70 to as high as $1.68 in the past 24 hours, has now deflated to around $0.87.

Having weathered a new round of bubble accusations last week as prices dipped below $13,000, bitcoin holders meanwhile are now “more bullish than ever.”

Those are the words of BitGo engineer Jameson Lopp, who led various high-profile supporters voicing their trust in bitcoin’s future and disregarding its current technical shortcomings.

“I’m more bullish on bitcoin today than I have been in the past 5 years. The developments underway that have been made public are only the tip of the iceberg,” Lopp wrote on Twitter Christmas Day.

I'm more bullish on bitcoin today than I have been in the past 5 years. The developments underway that have been made public are only the tip of the iceberg.

— Jameson Lopp (@lopp) December 25, 2017

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McAfee: Technical Issues Are ‘Trivial’

Also leading the bull charge was John McAfee, who asserted the current status quo of the bitcoin network – a key factor behind criticism from bitcoin Cash (BCash) proponents – was “trivial.”

“I have been a technician all of my life, so if anyone knows, it is me,” he continued. “The world is waiting on consensus for the right solution. bitcoin is still the only guaranteed investment in the crypto world.”

McAfee added separately that by the end of 2018, bitcoin would be “ten times” its current price, still conservative within the context of his $1 million 2020 price target.

Technical issues with bitcoin are trivial, including transaction times and costs. I have been a technician all of my life, so if anyone knows, it is me. The world is waiting on consensus for the right solution. bitcoin is still the only guaranteed investment in the crypto world.

— John McAfee (@officialmcafee) December 25, 2017

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At the same time, the security expert’s recent investment tips for altcoin assets have been roundly lambasted online after his picks “almost fully retraced,” as one commentator described.

What do you think about bitcoin’s current price activity? Let us know in the comments below!

Images courtesy of Shutterstock, Twitter

The post Bitcoin Price Leaves Earth Again As Trades Head To $16k appeared first on Bitcoinist.com.

On today?’?s show I am privileged to be speaking with Michael Maloney, the Solution Architect for WAX – the Worldwide Asset eXchange. Wax is quite literally a game changer . . . read on . . .

INTRODUCING THE NEW FACE OF VIRTUAL GOODS TRADING

The World Asset eXchange (WAX) will pave the way for a game-changing use of smart contracts. As a platform, WAX will be one of the most innovative applications of blockchain technology, extending its user base to a global audience of 1.8 billion gamers.

WAX is a utility token coupled with a decentralized platform and will be used by all participants in the virtual item trading industry: listing and selling agents, item transfer agents, appraisers, affiliates and buyers and sellers . WAX has a multitude of uses, including safely transferring digital items between buyers and sellers, apportioning fees out to marketplace participants who facilitate transactions and a payment mechanism for settling trades.

Developed by the founders of OPSkins, the world?’?s leading marketplace for online video game virtual items, WAX is designed to serve the existing 400+ million gamers who already collect, buy and sell virtual items. By decentralizing the isolated and regional marketplaces where virtual items are traded today, WAX fuels the growth in the $50 billion secondary market for video game virtual items.WAX utility tokens will enable 1.8 billion gamers worldwide to quickly and easily harness the power of a fully developed, highly complex virtual item ecosystem. WAX will provide settlement, liquidity, security and other necessary features for an orderly well-functioning market.

CREDITS & VALUABLE LINKS:

www.WaxToken.com

www.Opskins.com

http://store.steampowered.com/

http://diaryofafreelancetranscriptionist.com

TRANSCRIPTIONS:Great news listeners! Our transcription page is now live on the website thanks to the continuing hard work of one of our loyal listeners who is also a consultant to the show.These Professional transcriptions are provided each week by one of our fans who can be found at:http://diaryofafreelancetranscriptionist.com

Ode To Satoshi

Ode to Satoshi lyrics & melody by John BarrettCopyright 2014 RJM Publishing – BMI Nashville.

Lead Vocal, Harmony Vocals, Harmonica, Snare Drum: John BarrettHarmony vocals: John Barrett, Connie Sinclair and Lij ShawGuitar: Jonathan BrownMandolin: Ben MillerBass Guitar: Michael Rinne

Initial tracks recorded by Mark Thornton of Sidekick Sound Studios, Madison, TN. All other tracks Recorded, Mixed and Mastered at The Toy Box Studio, Nashville, TennesseeEngineer: Lij Shaw. Assistant to engineer: Don ?’?œThe Don?’ BatesProduced by John Barrett & Elijah ?’?œLij?’ Shaw

Special thanks to Alan Baird for his dobro, guitar and mandolin playing on many of the shows. Now that?’?s some pickin man! Thanks also to Alex Munoz Guijarro for his excellent pedal steel playing on many of our shows.

Interviews for this episode were recorded and edited by John Barrett at The Tree House Studio – Nashville, Tennessee. All shows are produced by John Barrett with the moral support of his trusty sidekick Maxwell Rascalnikov CoyoTe Rex, aka Max.

Questions or Comments?

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And if you don?’?t feel like contacting me, just kick back, relax and enjoy the show.I hope you enjoy listening to my guests as much as I enjoy talking with them!