ETH & QTUM to rise in 2018?

Earlier this year, Store of Value published a few predictions on the cryptocurrencies to rise in 2018. They start off with a bold one:

Ethereum will overtake Bitcoin by the end of 2018 and QTUM will be a top 5 cryptocurrency. There are some incredible things brewing for both and I don’t believe the market has fully realized nor appreciated what’s going on. Ethereum has the largest user and developer base in the West. QTUM has gained a strong foothold in the East.

These predictions aren’t made off the cuff; each is backed by an reasonable argument. For example, QTUM can benefit from both BTH and ETH “winning”:

Ethereum ecosystem wins = QTUM ecosystem wins
Because QTUM uses the EVM, any projects building on Ethereum can be easily ported to QTUM. A corollary to this is that any successful dApp or protocol on Ethereum can easily become a successful dApp or protocol on QTUM. QTUM doesn’t need to compete with Ethereum for its developer ecosystem, it shares Etheruem’s developer ecosystem. There are many amazing up-and-coming projects for Ethereum such as 0x and Augur and I can envision a world where QTUM has its own 0x’s and Augurs.

Bitcoin ecosystem wins = QTUM ecosystem wins
Because QTUM uses a Bitcoin-based UTXO blockchain as its settlement layer, QTUM can take advantage of any upgrades to Bitcoin. Here’s a few examples: QTUM is already using SegWit and is primed to deploy its own version of Lightning. Once deployed, QTUM is essentially Ethereum with Lightning. How cool is that? It’d be even better for QTUM if Lightning turns out to be a massive success.

Read the full post at Why 2018 Will Be The Year Of Ethereum And QTUM at Store of Value.

 

$280 million in ether gone forever?

From Code mistake freezes up to $280 million in digital currency at Engadget:

Observers estimate that there could be more than 1 million in ether locked away, which would amount to roughly $280 million.

The digital wallet company Parity is warning users that a large volume of Ethereum funds have effectively been frozen after code contributor devops199 claims to have accidentally deleted the library needed to use multi-signature wallets (those that require more than one signature to move funds) created after July 20th.

This doesn’t mean that the currency is permanently off-limits, but unfreezing it and compensating users could involve a bailout. And whatever happens, the incident highlights a simple problem: digital wallets and cryptocurrency in general are only as reliable as the code that guides them.

ETH Challenges & Bullish on Bitcoin Despite Drawbacks

Albert Wegner shared his view on the state of Bitcoin, Ethereum, and of course, ICOs, which he acknowledges are likely slowing down, at least for now:

So where are we today? At least temporarily there seems to be a slow down in ICOs. This could turn out to just be a lull before more activity resumes but it could also be a welcome return to more sanity (if the latter, there is likely going to be an over correction).

As most ICO tokens are built on top of Ethereum, he sees challenges ahead and believes progress needs to be made to scale Ethereum:

In either case Ethereum faces a strong headwind not only from this change in sentiment but also from relatively costly and slow on chain computation. The bull case for Ethereum is that sometime in 2018 we will see a couple of Ethereum based projects launch successfully and get broad adoption *AND* progress is made on Ethereum scaling (either directly or through projects such as Raiden or Plasma). The bear case is that at least one, or possibly both of these don’t happen.

And on Bitcoin, he is cautiously bullish and ok with Bitcoin’s “drawbacks”:

Oddly I think that Bitcoin continues to be misunderstood by many people in the cryptocurrency space who want it to be more than it has to be for it to succeed. It is one of those cases where the more you know, the more you are likely to overthink it. Yes, Bitcoin has all sorts of drawbacks as a blockchain, but it is the one cryptocurrency with a widely understood use case: censorship resistant store of wealth