Today, our crypto overview looks at Bitcoin as a store of value, a Litecoin upgrade, and other interesting crypto topics.
Erik Schatzker of Bloomberg has conducted a new interview with Galaxy Digital CEO Michael Novogratz. In the interview, Novogratz emphasized that the battle for the best crypto store was over and that Bitcoin had won. So he said:
“Yes. Bitcoin has brought the trophy. The trophy for the value store. Not for the currency, but for the value store. It won. All other cryptocurrencies, like all 113 elements in the periodic table, must expose their use case and be valuable because people use it. “
Novogatz further stated that the debate over whether Bitcoin is widely used for payment is irrelevant. He stated:
“You can not buy anything with gold. What have you paid for gold in your life? Nothing. Maybe you buy a gold coin and keep it. Bitcoin is a value store. The Incas and the Aztecs believed that the gold came from God [the gods]. So it was a value store. “
When asked where the value of Bitcoin came from, Novogratz replied:
“It's not the program code. You and I could take the program code from Bitcoin – it's transparent. We could bring it out [tomorrow's cryptocurrency] tomorrow and call it the “Schatzker Coin.” And she would not be worth anything. But Bitcoin is worth 100 billion dollars. It's the social construct that gives it a value of $ 100 billion. It's hard to imitate that. “
In conclusion, Novogratz was positive about the future of Bitcoin. He said:
“And now I see that people all believe in it. So that's in many ways a self-fulfilling prophecy. I believe in Bitcoin more than ever in my career. (…) I think the industry is attracting the smartest minds of its generation. “
The popular Ethereum wallet MyCrypto apparently wants to play a role in the development of the ethereum network. So the enterprise informed over Twitter that one is now part of the Testnet for Ethereum 2.0. There you help to validate the transactions.
We're officially @Ethereum 2.0 testnet validator! #HYPE 🔥🔥🔥
Read more: https://t.co/IgwneM8e11 pic.twitter.com/daGYnxjC4i
– MyCrypto.com (@MyCrypto) May 8, 2019
Ripple Labs and Ripple XRP
The crypto friend with the pseudonym “Hodor” has posted on Twitter an overview of recent developments in Ripple Labs and Ripple XRP. This includes the launch of Coil's monetization platform.
The 𝐂𝐨𝐢𝐥 𝐛𝐥𝐨𝐠𝐠𝐢𝐧𝐠 𝐩𝐥𝐚𝐭𝐟𝐨𝐫𝐦 is live! I analyze Coil's potential impact & latest news about XRP in today's blog: https: //t.co/[email protected] @bgarlinghouse @haydentiff @JoelKatz @justmoon @nbougalis @XRPLLabs @xrp_co @XRPMedia @Coil
– Hodor (@Hodor) May 8, 2019
Litecoin has released a new network upgrade. With the update, the standard network fees will drop significantly. This will reduce the minimum transaction fee from 0.001 Litecoin to 0.0001 Litecoin.
Litecoin Core v0.17.1 released! All users are advised to upgrade.https: //t.co/0Z5fBzdEDM
– Litecoin Project (@LitecoinProject) May 7, 2019
The Stellar Development Foundation is conducting an open Q & A session for the community. Interested people can ask any question about Reddit.
Tron is currently preparing for the fourth Airdrop of BitTorrent tokens (BTT). The BitTorrent Foundation said on Twitter that this Airdrop will take place on May 11th. You want to distribute 990 million BitTorrent tokens among the Tron holders.
Are you ready for our fourth #airdrop? On May 11th at 00:00 UTC we will reward TRON $ TRX holders with $ 990,000,000 BTT. Learn more about our airdrop program, and the exchanges & wallets supporting it! https://t.co/kFTnkIGHwv
– BitTorrent Inc. (@BitTorrent) May 8, 2019
Author: Peter Joost – Source Post: https://www.kryptovergleich.org/fonds-manager-bitcoin-btc-den-kryptokrieg-beere-fuer-sich-entschieden-plus-ripple-xrp-ethereum-litecoin-stellar- and-tron-update /
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