First Posted on my Steemit blog April 2019.
I am still waiting for the nod from Zero Hedge after several ‘applications’ , what prompted my current interest was this interesting article appearing there today,
Are we witnessing the Attempted Final Take down?
According to cryptocurrency consultancy Chainalaysis, just 376 people hold a third of all Ether, the cryptocurrency behind the Ethereum blockchain, making it even more concentrated that bitcoin. By comparison, 448 people own 20% of all Bitcoin, Kim Grauer, a senior economist at the company, told Bloomberg in an interview. Such “whales” hold their assets in digital wallets and not on an exchange.
As Bloomberg reports, Chainalysis also looked at how Ether whales impact price, and found that such large, long-term holders – predictably – don’t move their cryptocurrency often. “The majority of whales aren’t traders. They’re mostly holding”, she said.
And, as one would also expect, when a whale moves Ether from a wallet to an exchange, “there is a small but statistically significant effect on market volatility.”
This also means that price for cryptocurrencies is largely set on the margin by a relatively small number of traders, which in turn are dependent on market sentiment and momentum. The research found that investor sentiment and the price of Bitcoin are strong indicators of where Ether will trade, which may explain the recent torrid rally in both bitcoin and ether, with the former rallying 52% in just the past 15 days, while the latter surged 48% since the beginning of May.
What’s the significance of this finding? As Bloomberg reports, Grauer plans to turn the research into an academic paper analyzing the effect of large Ether holders on the market and will discuss the data Wednesday at the Consensus blockchain conference in New York.
“We’re excited to bring the models that have been applied to the stock market to cryptocurrencies,” she said. The data on Ether was collected from early 2016 to the end of April, before Ether and Bitcoin surged in recent weeks. “It’s unfortunate this bull run didn’t happen a month ago to be part of our analysis,” she added, noting that the link between Bitcoin’s price and that of Ether backs up their findings.
I would like to comment and will be doing a blog post to follow up this one later after reading the comments. I have confronted the problem of Whales and pre-mining in the past here is a long exposition which seems to favour Bitcoin, at this stage for me the jury is still out, I will explain later.
Bitcoin VS Ethereum: Cryptocurrency Comparison By Steven Hay Last updated on February 22, 2018 at 12:31 18 Comments
Since its release in early 2009, Bitcoin has been the trailblazing leader of the cryptocurrency revolution. Countless imitators have come and gone but Bitcoin remains dominant, despite nearing the current limits of its transactional capacity. Ethereum, created mid-2015, is Bitcoin’s strongest rival… But can Ethereum deliver on the hype surrounding its complicated technology, as well as recover from the recent spectacular failure of the DAO, to usurp Bitcoin’s primacy? CreatedMarket capPopular supportBlockchainScalableMiningSupplyDevelopmentHash rateInitial distributionBitcoin2009Over 10 billionHighProof of workNot at the momentASIC miners21 millionover 100 contributers1.8 ExaHashMiningEther2015Under 1 billioinLowProof of workYesGPUs81 millionSmall core team3 TeraHashInitial Coin OfferingICO Complimentary or Competing Cryptocurrencies?
It strikes me as odd that one has to register and go through a selective screening process to be allowed to post in the comments there, I am also suspicious that all my previous efforts to post there have been un-successful. Are there Thought Criminals in the Zero Hedge World? One wonders.
I have looked in the past at who is behind the site, its two US market trader types who have made a few millions of dollars and now fancy themselves something of an arbiter as to what is Good for themselves and uncharitably on my part what is best for the rest of us.
Anyway Zero Hedge is mainstream huuugeee, look
In the top 2000 global rankings.
See my the web is big post here.
June 26, 2017
THE INTERNET IS BIG, THE BIG BOYS STILL DOMINATE. WEB SEO, COMBINING TO COMPETE? THE DISTRIBUTED WEB AND DISRUPTING THE DISRUPTERS.
SCALING THE INTERNET AND DISRUPTING THE DISRUPTERS. THE WEB IS ABOUT TO BE TURNED UPSIDE DOWN BY THE DISTRIBUTED WEB
Zero Hedge is at 1956 at the moment down from 1595 in june 2017
http://www.zerohedge.com/ 1595 Top 10,000 (.00001) 1000000000
It still makes Zero Hedge a prime candidate as Gatekeeper/Controlled opposition for the false left-right political pantomime we call democracy within the Washington Consensus Lies based international order.
In fact, Zero Hedge is pretty much the Huff Post for AnarchoCapitalist Armchair preppers.
This way of considering where the people behind web sites and it is people often assisted by Machine Learning Bots.
Heres InfoWars just for fun listed as connected to Zero Hedge.
April 14, 2017
GATEKEEPERS, CHOMSKY, STRAWMEN AND JAMES CORBET, ´ÍT SEEMED SO TO HIM.”
I really Like the Corbett Report.I always Approach it with an open mind and leave it with an open mind and always having visited I have fed my curiosity, I have a similar attitude to Noam Chomsky´s public lectures and writings.Epictetus is a famous stoic philosopher his enchiridion (handbook) offers much practical advice to bearing the slings and arrows of outrageous fortune.
And the peerless James Corbett is moving over to IPFS.
![Canton Direct Democracy System.jpg](https://cdn.steemitimages.com/DQmdFTckDKTsjPgEk9rQVSdJfxdRifZRKYF53Dv9KBsqCRN/Canton%20Direct%20Democracy%20System.jpg)