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Deploy test network · Issue #648 · raiden-network/raiden · GitHub

Metropolis still on the way. Plasma in the works. Get ready ladies and gentlemen.

 

I'd also get ready for regulatory action within the states or other countries that primarily use ETH. I've been trading ETH, but the regulations coming forth don't bring the best news for ETH.

ICOs not allowed within some key countries = slow death of ETH. Nonetheless, if they make ICOs more like IPOs for institutional investors or something related to that, then it will still have its use case, but it will take a major hit.

 

The China ban is insignificant. PBOC has banned banks from doing business with cryptocurrency related companies many times in the past, only to lift them, always causing the market to have a knee jerk overreaction. Prices always recover. It's almost as if they plan it ahead of time intentionally. One thing I would like to make clear is that regulators are targeting ICOs deemed as securities, not utility based tokens which are the majority of ICOs.

There is much more positive regulation on the horizon than negative. Possibly the biggest price action will come when the ETH ETF currently under review gets approved. Institutions are just foaming at the mouth to offer these products legally to accredited investors.

 

It may be insignificant in your eyes, but price clearly reflects the opposite sentiment. Crypto markets are irrational and immature- they dump on any type of FUD. I can't even begin to imagine what an USA regulation would do to the price, and not just ETH, but the whole markets as a whole.

I can't argue with the ETF aspect; that would be huge.

 

China banning ICOs is a good thing for the long run imo. They will eventually filter out the scams and only have the legit ones.

Exciting times ahead for Crypto.

 

Permanently banning isn't good lol. Suspension might be a better term to use here.

 

This was the whole point all along. The china ban was "rumored" but seen as a wave coming in the distance for a few months and some knew it was just a matter of time before the wave reached shores. The smart ones capitalized on the wave, and there will be more to come, but with every wave that hits, crypto gets stronger. China just wanted to crack down on "scam" coins and random ICO's that were popping up like crazy, because in many ways these "create money out of thin air". We see this going on somewhat in the U.S. with the IRS wanting to go after taxes on BTC and BTC cash..

Also, China already said it will allow ICO's in the future, but with the need of a permit and also refunding investors money as well...

If anything, I say the money that is being taken away from ICO in China, will flow right back into BTC,LTC,OMG,NEO, AND XRP

This is why Litecoin, the most underrated coin on sythe IMO, went from about $6 in March, to 45 just 3 weeks ago, and now at 81, peaking to 90 before the crash a few days ago, and only getting at low at 59, which was a number only the optimisitic LTCers thought was possible by Octobeer. Now, sitting at a firm $80, It seems like the real coins with real world uses are going to rise more and more. LTC to $100 in just a few weeks/days.