Good news, but I can see approval taking longer than the bulls think. Their mistake was announcing a launch date before approval was given, nothing is certain in crypto especially approval and compliance! But still, I look forward to Bakkt coming to fruition.
That's basically been expected for a while now: [https://www.theblockcrypto.com/tiny/bakkt-might-not-get-the-necessary-approvals-to-meet-its-target-launch-date-in-january-2019/](https://www.theblockcrypto.com/tiny/bakkt-might-not-get-the-necessary-approvals-to-meet-its-target-launch-date-in-january-2019/)
Hold your horses (no pun intended). What I hated about 2017 and 2018 was that everyone was hyping everyone up with calls like this. I expect nothing will happen price-wise and the development of most platforms and a few coins can go on undisturbed.
I hope this is another Chinese new year or wall street bonus money scenario.
Measuring market cap here is mostly meaningless. I can make a $27M buy to eat up most of the bitstamp (for example) ask book and take “the price” to around $12k, thus “adding over $140B to the market cap” by spending .01% of that. It’s not measuring any useful economic quantity here so there’s little reason to describe market movements in terms of it.
What is the advantage to holding eth now besides speculation? Buying future transactions cheap now? Gas prices can fluctuate so there is no guarantee the future transactions will be cheaper.
Plus, can't I just pay for my transaction in anything I want? Can't I just PayPal a miner to include my tx or pay him in another token via smart contract? Serious questions.
Dr_Bendova4202 - 3 years account age. 300 - 1000 comment karma.4 weeks ago
There's no mass adoption yet. Right now most big business enterprises are testing out blockchain tech, to see what works and what saves them money, and or makes them more profits. Buying now is still the early stages of this industry, Also everyone almost everyone has short term thinking, this a long game.
guitarf15 - 6 years account age. 600 - 1000 comment karma.4 weeks ago
Ethereum processes approximately twice the transactions of Bitcoin currently.
No, they're not, although average batch recipients is ~1.15 per transaction.
Still, it's not just about tx/second, but time till confirmation. While Eth is less secure in terms of dollars/hour required to attack the network, the shorter block times lead to more granularity which is a bit more value added.
doglife100003 - 4 years account age. 400 - 1000 comment karma.4 weeks ago
libmark, in spite of being \*the best\* poster on this sub (and quite possibly all of reddit), definitely cannot explain why. see his post history as proof.