Top 10 Genius Quotations of Vitalik Buterin About Hype around Cryptocurrency

Just to think of it, one surname makes the memory reproduce images, which are connected with this blockchain genius. Vitalik Buterin is only 24 years old, and he is one of the most influential person in the crypto industry, who will be forever remembered not only for creating Ethereum.

With Vitalik’s growing popularity, the number of  interviews with his participation is increasing, the quotes from which immediately spread fast across the network. Therefore, The Coin Shark have collected top 10 exciting statements by Vitalik Buterin, which explain the hype about cryptocurrency and blockchain.

1. In interwiev with Forbes, Vitalik shared his opinion about the importance of understanding of blockchain:

“Talking with people, including the authorities is useful. The better they understand the technology, the more opportunity to work with them. This guarantees, that they will not the enemy in the technology”.

2. At the conference “Blockchain: New Russian Oil”, the publication RBK-Tatarstan, asked Vitalik Buterin : “ How will the world economy change under the influence of blockchain?” – on which blockchain genius gave the following answer, which became the iconic quotation in the crypto industry:

“Business opportunities will be increased. For the countries, in which the economy is not developed right now, it will be easier to join the global financial system. It will be easier for anybody to interact with banks and financial institutions. In the non-financial world, there will be more transparency , including the development of all kind of products. There will be many benefits. Basically, everything will work faster and more effectively. The house can be sold within 3 hours instead of 3 weeks.  And there will be more of such little examples. Everything, that is often hampered by red tape will be simplified”.

3. Here is another quote from Vitalik, about integration of business and blockchain, having been said at the conference:

“…Small business have even more opportunities to use blockchain over large business. The smarter the technology is, the more it reduces the barriers between people to trust each other, they can build a common business, organize contracts, exchange information”.

4. Buterin told to Financial Times, what he thinks of the majority of ICO projects:

There are projects that have never been put a heart into, that are just like “Ta daa, price goes up, vrooom. Buy now!”.

5. In an exclusive interview with Cointelegraph, he shared his view about ICO:

“ICO as a model has a number of huge advantages. For instance, through ICO we can democratize participation in the projects from the very beginning. This model is a perfect way to give everyone an opportunity to contribute to the development of the project from the very early stages. We definitely need to work hard to improve this space. Sometimes it’s really hard to see the scams among ICOs.”

6. On smart contracts in an interview with Forbes, he commented like this:

“The concept with smart contacts is so complex, that understanding, how to make them safer comes only with experience… We can only wait and allow people to do projects , some of  which succeed. The same as cars and airplanes were becoming safer with time, through experience we will be also realising how to make smart contacts with an acceptable level of risk”.  

7. In the same interview, Buterin made a statement, which became a favorite statement among the crypto community:

“Google is the best library.”

8. During the interview for the Israel newspaper TheMarker, which was translated by Finance Magnates from Hebrew, Buterin shared his view about the situation on the cryptocurrency market:

“I indeed think that we are in a bubble because all the cryptocurrencies are rising and people have a feeling that they will always continue to rise. A lot of projects are raising more money than what they would be able to in the normal VC market, and sometimes there is no match between the necessity and usefulness of the project and its ability to raise money. Additionally, this market is still young and people still don’t know how to differentiate between projects that will exist in the long term and those that won’t. This thing is growing at a rate that makes it hard to control. I, for example, don’t participate in most ICOs because I think they are done at too high valuations”.

9. At the open meeting in “Skolkovo” technopark, a correspondent of highlighted the following statement by Buterin about cryptocurrency in Russia:

“The Russian crypto community is different from the other countries in its vast. In Russia, there are many projects, programmers, banks, and even government agencies, which are using or testing cryptocurrencies. We have all perspectives to believe that russian crypto community will take a leading position in the world”.

10. Also the following statement about the president of Russian, Vladimir Putin, said at the above-mentioned meeting, didn’t remain unattended either:

“So far, I haven’t met anyone higher than Putin. The president knows about blockchain, if you ask me, this is the peak of the hype”.

* The publication contains quotes translated from the original language.

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Cryptocurrency Prices Today, February 14: Cryptocurrency Did Not Catch The Romantic Atmosphere And Began To Fall In Price

Bitcoin, Ethereum, Ripple, Bitcoin Cash, EOS, Litecoin, Cardano, Stellar, IOTA, Dash, Monero: Cryptocurrency Rate

According to the Coingecko online platform, Bitcoin (BTC) lost 0.35% over the past 24 hours after a period of growth. The price at the time of writing is $3607 per coin.

Cryptocurrencies have returned to the red zone:

Bitcoin Cash lost 0.6% over the past 24 hours and costs $121 per coin;

Ripple fell by 1% and costs $0.30;

EOS decreased by 4.1% and its price is $2.78;

Litecoin dropped by 3.2% and its value is $41;

Cardano lost 2.5% and its cost is $0.040;

Stellar fell by 1.1% and costs $0.076;

IOTA decreased by 1.6% and its value is $0.26;

Dash lost 1.9% and its price is $78;

Monero dropped by 2.5% and costs $47.

Over the past 24 hours, Ethereum has lost 0.7%. The rate of the coin is $122.

The total market capitalization fell to $120 billion. Bitcoin accounts for 52.5% of the total. In monetary terms, it is $63 billion.

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Cryptocurrency Prices Today, February 13: Cryptocurrencies Are Showing an Upward Trend

Bitcoin, Ethereum, Ripple, Bitcoin Cash, EOS, Litecoin, Cardano, Stellar, IOTA, Dash, Monero: Cryptocurrency prices

According to the online platform Coingecko, Bitcoin (BTC) added 0.4% over the past 24 hours after a period of growth. The price at the time of writing is $3620 per coin.

Cryptocurrencies once again moved to the green zone:

Bitcoin Cash added 0.57% over the past 24 hours and costs $121 per coin;

Ripple grew by 1.96% and costs $0.30;

EOS gained 5.78%, and its price is $2.92;

Litecoin lost 1.48%, and its value is $42;

Cardano increased by 1.31%, and its cost $0.041;

Stellar added 0.2% and costs $0.076;

IOTA grew by 3%, and its value is $0.27;

Dash remains stable, and its price is $82;

Monero gained 2.51% and costs $49.

Over the past 24 hours, Ethereum added 2.37%. The exchange rate of the coin is $123.

The total market capitalization is $121 billion. Bitcoin accounts for 52.6% of the total volume. In monetary terms, it is $63 billion.

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H&M Distributors Now Accepts Cryptocurrency Payments

More and more retailers are coming to the cryptospace, since the price of Bitcoin has stabilized for a period of time. American wholesaler H&M Distributors, a company dealing with lap holders, replacement ballasts, and accessories, will allow customers to pay with cryptocurrency. The payments will be conducted with the help of an e-commerce platform Champion.

Crypto became mainstream in 2018

The year of 2018 has brought cryptocurrency into mainstream especially when the market cap approached at $830 billion on January 7. Let us remind you some memorable moments of accepting crypto.

Cryptocurrency is the best alternative to traditional fiat currency, it is very viable to use as payment for cross border transactions as well. Cryptocurrencies truly allow for a universal and global system of finance that connects people across border payments.

Unfortunately, after massive downturn in market cap, people paused accepting crypto, yet, now it is high time to resume the tendency.

Details of possible payments

According to the press release, H&M distributors will accept payments in Ethereum (ETH), Litecoin (LTC), Bitcoin Cash (BCH), Dash (DASH) and Bitcoin Diamond (BCD).

From now on, retailers will be able to complete the transaction in seconds without paying commission. It will reduce or “eliminate currency conversion fees” that have to be paid when using traditional payment processors, as the result, the customers will save more money.

Furthermore, the US-based distributor wants “freedom from chargebacks” – which can occur when using more conventional banking services. The giant distributor thinks that cryptocurrency payment systems  “match the functionality of traditional fiat currency” and they go beyond traditional transaction processors in terms of “efficiency, accessibility, and security.”

The CEO and founder of H&M Distributors, Herb Needham, stated that:

“After more than 20 years in the business, we consider ourselves experts in specialty lighting. Accepting cryptocurrency payments allows us to share that expertise with even more clients by removing many of the barriers that made it difficult to sell internationally before. What sold us was the settlement system, which allows us to convert crypto payments to a USD equivalent right away.”

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Cryptocurrency Prices Today, February 7: Are Cryptocurrencies Returning to the Green Zone?

Bitcoin, Ethereum, Ripple, Bitcoin Cash, EOS, Litecoin, Cardano, Stellar, IOTA, Dash, Monero: Cryptocurrency Rate

According to the Coingecko online platform, Bitcoin (BTC) added 0.4% over the past 24 hours. The price at the time of writing is $3406 per coin.

Cryptocurrencies grow very slightly :

Bitcoin Cash added 2.91% over the past 24 hours and costs $117 per coin;

Ripple raised by 0.2% and its value is $0.29;

EOS increased by 2.63% and its price is $2.39;

Litecoin grew by 2% and its price is $33;

Cardano added 1.89% and its cost is $0.036;

Stellar plus 1.99% and costs $0.076;

IOTA raised by 1.99% and its cost is $0.24;

Dash grew up by 1.23% and its price is $67;

Monero became more expensive by 1.44% and costs $43.

Over the past 24 hours, Ethereum has added 1.79%. The rate of the coin is $105.

The total market capitalization is $112 billion. Bitcoin accounts for 53.4% ​​of the total. In monetary terms, it is $59 billion.

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Ethereum Mining: Features, Pools and Prospects in 2019

Ethereum has became a real sensation in the cryptocurrency world, the launch of this platform has served as a catalyst in the development of the entire industry. In this article we will talk in detail about the mining of this cryptocurrency, as well as discuss its prospects in 2019.

1. General information about the Ethereum project

Ethereum is a platform where you can create other decentralized projects. ETH is a coin of the same name which is needed for working with the platform.

The well-known programmer, Vitalik Buterin, has been at the origins of the Ethereum, he still takes an active part in the life of the project, but most of the tasks are performed by a large staff. The total capitalization of the project, as of beginning of 2019, is just over $11 billion. Ethereum firmly consolidated on the third place in the global Coinmarketcap rating.

2. ETH mining algorithm

The growing popularity of the coin have forced many miners to transfer their computing power into Ethereum blockchain. The unlimited emission is one of the features of Ether. This is a both plus and minus of the project: on the one hand, miners, potentially, can endlessly mine new coins, but on the other hand, such an approach can lead to inflation and devaluation of coins.

Now, the confirmation in the network is made by using PoW algorithm (Proof of Work), which allows you to mine coins in the usual way, by providing the network with your computing power. But the development team has worked quite a while on transferring the network to the PoS (Proof of Stake). According to Buterin, this innovation will reduce the inflation of the coin by several times. But all the people who are now engaged in the ETH mining will be forced to reconfigure their equipment for mining other coins.

3. What do you need for ETH mining?

  • Computing equipment, you can use the power of the CPU on a PC, but it is better to have several video cards (ideally, DDR 5 memory).
  • Uninterrupted access to the Internet, whereby high speed is not needed, a good ping is more important.
  • A good and reliable pool for mining, as the mining of ETH cryptocurrency in solo mode is absolutely unpromising for the vast majority of people. Only real giants who are engaged in mining on an industrial scale can afford their own mining, but even they often prefer to work in a pool.
  • A wallet that supports ETH, fortunately, there are so many of them.
  • Proper equipment maintenance and overheating protection. For that, you need to carefully consider the system of ventilation and space cooling.

4. Pools for mining

Choosing the right pool is very important. Below you find a list of the most popular and relevant pools of the second half of 2018:

  • Minergate works not only with Ethereum. It is one of the most popular pools in the world. Best of all it works with nvidia graphics cards. The resource has a simple and intuitive interface, which is clear for any average person.
  • NiceHash is also a multi-currency pool. Mining software is very easy to set up. The software automatically selects the best algorithm, based on the features of the video card or CPU.
  • Ethereumpool. From the name it is already clear that this pool is focused exclusively on Ethereum. It works relatively recently, but its computing power already reaches almost 2% of the total power.
  • WeiPool. Another young pool that can impress with small commissions (1.5%) and a user-friendly interface.
  • ETH Supernova. This pool is quite famous for many users, but recently it has begun to operate with Ethereum. The issue of reliability and safety comes first. The pool has been operating for more than one year and during this time has managed to gain the confidence of the miners.

5. Conclusion

Now, Ether is not having its finest hour, the coin rate has fallen to the psychological mark of $108. The profitability of Ethereum mining significantly decreased in 2018, but by and large, it can be said about almost any cryptocurrency.

It is important to remember that fundamentally nothing has changed and Ethereum is still the most technologically advanced platform. ETH mining should not be considered as a short-term opportunity to earn money, this should be treated as an investment in the future. Now the development team is actively working on elimination of the system shortcomings. Taking into account this information, we can make a conclusion that the project’s chances of a bright future are quite high.

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China Updated Its Cryptocurrency Rating: Bitcoin Climbed Up a Few Positions

The Center for Information and Industry Development (CCID), under China’s Ministry of Industry and Information Technology, released its first cryptocurrency rating in 2019, the list has changed a little in compare to the last one which was released last year.

The main change are:

  • Bitcoin raised up from the 18th place in the previous month’s ranking to the 15th place.
  • Bitcoin Cash climbed up from the 30th place to the 28th place.

Below  you can see the full list of cryptocurrencies.


Two top coins, EOS and Ethereum, did not change their positions, however the center emphasized that the Ethereum Constantinople upgrade is expected to be taken into account in the next evaluation cycle.

Unfortunately, Ethereum Classic has fallen down from 15th place to the 19th place. The center explained that this happened due to the Ethereum Classic 51% Attack, which was quite damaging to the coin.

All 34 coins were ranked in three different categories: basic technology, applicability, and creativity. Moreover, the center stated that the “average value of the creativity index is significantly lower than the previous period.”

We remind you

Lightning Network: What State Is the Technology Currently in?

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