What's the real cause of the Bitcoin bloodbath?!
realnews·@kevinwong·
0.000 HBDWhat's the real cause of the Bitcoin bloodbath?!
<center> </center> Not sure if it's my sixth sense or my newly gained 420 IQ prediction powers from watching about 100 episodes of [JoJo's Bizzare Adventure](https://www.crunchyroll.com/en-gb/jojos-bizarre-adventure/more) in the past 2 weeks, but I managed to hedge my position pretty nicely in the recent Bitcoin dip. It was a hunch that came from seeing Bakkt, Bakkt, and Bakkt outside of crypto Steem over the past week. I had guessed then that the market would've already priced-in the hype on Bitcoin and it was about to fall soon after Bakkt Bakkt'd up. It could even be people cashing out for emergency Lambos and mansions.. or a million other reasons, but whatever. <center><sub> *Base image source: [Pexels](https://www.pexels.com/search/chicken/)*</sub></center> Anyway, forget about all the nonsense I just said above lol. Sorry for the clickbait. I actually just wanted to share this news:- Ohad Asor from IDNI's Tau-Chain & Agoras just recently published a new blogpost on ["Consensus and Options"](http://www.idni.org/blog/consensus-and-options) around the same day when Bakkt opened its doors. Have a read, particularly on the explanation of *"risk free interest without inflation"* using the Black-Scholes model. <center> </center> And there's a fresh github commit on Tau Alpha today! Currently, there are 4 developers working on the meat of the project, so hopefully we're getting closer to a product that we can all use to begin discovering its potential. It has been a long wait. Obviously, this news isn't the cause of the bloodbath, if it can even be considered one in the first place. But I still think that crypto in general is really just waiting for a technology like Tau for its next breakthrough. *\*crypto zombie mode\** Website: http://idni.org Github repository: https://github.com/IDNI My introduction post on it: https://steemit.com/blockchain/@kevinwong/what-is-tauchain-and-why-it-could-be-one-of-the-greatest-inventions-of-all-time-part-1 --- Disclaimer: Not to be taken as financial advice. <sub>Vote @kevinwong as [witness](https://steemitwallet.com/~witnesses) today.</sub>
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