Ethereum Overloads, Gas prices Soar | Korean Legistators takes Blockchain Serious



Ethereum Gas prices soar to over 70 Gwei due to transaction overload coming from coins doing airdrops in order to get listed on Fcoin. Korean Legislators take blockchain more seriously and is classifying exchanges as regulated financial institutions as opposed to communications vendors.
0:56 Korean Legislators create classifications for Crypto
1:55 IBM signs $740 Million deal with Aus Government to implement Blockchain
2:35 Invest.com + Bittrex issues new exchange
3:11 Binance Co-founder calls Li XiaoLai a scammer
4:14 BIS Head calls crypto a scam (again)
5:08 Ethereum’s Surge Gas prices
6:43 Follow Friday!

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Articles
https://cointelegraph.com/news/south-korea-legitimizes-blockchain-industry-with-major-new-classification-standards
https://cointelegraph.com/news/ibm-signs-740-million-deal-with-australian-gov-t-to-use-blockchain-for-data-security
https://www.coindesk.com/bis-chief-says-stop-trying-to-create-money-in-new-crypto-critique/

https://www.coindesk.com/ethereums-growing-gas-crisis-and-whats-being-done-to-stop-it/

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34 thoughts on “Ethereum Overloads, Gas prices Soar | Korean Legistators takes Blockchain Serious

  • July 6, 2018 at 2:51 pm
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    Yes Gas cost is Very damaging overall. Makes ETH Network look very bad…again. It has altered my normal weekly coin purchases. My mined Profits on Exodus EDEN have failed shapeshift exchange Over and over. Works occasionally. I will change my plan and save money. Thanks Michael Have a Great Day🐾🐾🐾🐾🐾

    Reply
  • July 6, 2018 at 4:08 pm
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    Congratulations to Australia, one step closer to mass adoption….Who's gonna be the next?

    Reply
  • July 6, 2018 at 4:23 pm
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    I am working in UAE and we have a waste heat recovery contract to create a power plant out of waste heat. We have financiers already. But since we have more contracts coming, we wanted to finance it with cryptocurrency by an ICO. Can you help us on the process?

    Reply
  • July 6, 2018 at 6:46 pm
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    people like yourself are 50% of what makes crypto possible. Dedication, professionalism, and perseverance;;;. There are some tokens that are worth listing. FRESCO for example. Was given for proof of study, the test was hard I spend 8 hours to get these tokens and I appreciate them very much

    Reply
  • July 6, 2018 at 7:12 pm
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    parents paying their kids allowance in CRYPTO is a great idea!! Pigzbe wallet for kids

    Reply
  • July 6, 2018 at 7:22 pm
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    you cant regulate crypt o you can only regulate the countries out of it.

    Reply
  • July 6, 2018 at 8:29 pm
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    Hi how about have a look at Invacio an AI based that has just came out of ICO. They have many projects to be rolled out including an encrypted email ( INVmail), financial prediction, data repository ( 23 Terabytes and counting ) and analysis and a "hole in the wall" efforts to provide technology to impoverished areas in the world. Here is a yahoo run of the company

    Reply
  • July 6, 2018 at 9:42 pm
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    ETH gas is still 50 gwei at the moment. I really feel bad for normal users, this is ridiculous.

    Reply
  • July 6, 2018 at 10:26 pm
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    we young people are using our brain power to better the world. what are you doing Mr.Bis (when you are this big they call you BIS)?

    Reply
  • July 6, 2018 at 10:55 pm
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    While the whole crypto market is bleeding, and 90% of the community lost their money,making 50/70 % as ROI (Return on Investment)  is an amazing achievement. 

    Feel free and contact the Team

    tradingcryptoexperts@mail.ru

    Reply
  • July 7, 2018 at 12:19 am
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    How's the Lympo challenge going, Michael?

    Reply
  • July 7, 2018 at 5:01 am
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    Boxmining you are way too skinny to be wearing that shirt bro. you clearly dont even lift

    Reply
  • July 7, 2018 at 9:48 am
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    Can the internet please stop saying "smash the like button". Not only is it really stupid but it's completely and totally unoriginal. You're just repeating what other videos are doing. Use a little thought and come up with your own metaphor. I assure you I will not be smashing anything!

    Reply
  • July 7, 2018 at 12:37 pm
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    you can't really "blame" fcoin.
    i thought ethereum was an open and permissionless system so you can do what you want on it.
    its just showing more and more holes in vitaliks ethereum. implosion soon ? 😀

    Reply
  • July 7, 2018 at 2:16 pm
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    For all you newbies, there are a lot of shillers in these comments. They bad mouth Ethereum in order to promote their shitty projects. Try to look at what the projects actually do, ignore what they say they'll do. They just want your money.

    Reply
  • July 7, 2018 at 3:24 pm
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    great videos

    can you label segments and subjects for videos so we can go straight to topics of interest if we don’t have time for entire video – thanks

    Reply
  • July 8, 2018 at 12:38 am
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    At the time of Ethereum overload, convert your ETH into DeepOnion which is lightning fast and low fee.

    Reply
  • July 8, 2018 at 5:02 pm
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    I live in Las Cruces, New Mexico where Virgin Galactic is currently moving people to ramp up for space tourism launching in just a few months time. Self-driving vehicles are real, people ride hoverboards, we have 3D TVs, use Skype or Facetime to video chat, our whole lives can be run off our phones, and people are even being recruited to colonize Mars. AI is real, Terminator-style robots are real, Skynet is real. Androids like Sophia that can deliver speeches are just like those on Bladerunner or Westworld. We have Roombas that clean our floors and sous vide systems that cook our food like in the Jetsons. We live in these movies and TV shows that embodied futurism at its best. What would the future look like beyond what we have created?
    https://steemit.com/etherium/@cryptoweek/building-a-responsible-ai-with-blockchain-companies

    Reply
  • July 8, 2018 at 5:46 pm
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    Great response to the BIS guy's order to stop making money. Good job Michael.

    Reply
  • July 9, 2018 at 12:14 am
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    Vitalik authored a proposal that simplifies the gas pricing algorithm, making it easier to predict what the correct gas price should be

    Reply
  • July 9, 2018 at 12:33 am
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    Why you not talking about Neblio? I heard that they already have Restful APIs in 8 different programming languages. What are you think about it? I want to see video about Neblio.

    Reply
  • July 9, 2018 at 3:26 pm
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    why do you bash on Fcoin, they are just a app.. Its Etherium you should bash who cant take it.

    Reply

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