What gives Bitcoin value

Compared with cryptocurrencies endorsed by sovereign nations such as petrocoins, the suspicion of Bitcoin inventor Satoshi Nakamoto's delay in showing up has also attracted many speculations about his true identity. Among them, the analysis of Bitcoin invented by the United States At most, the reason is that Bitcoin was born in the United States in 2009, or after the financial crisis, another alternaWhat gives Bitcoin valuetive to the US dollar and a tool for looting world wealth. Assuming that this conjecture is true, it means that the public issuance of sovereign cryptocurrencies in many countries today has exceeded the expectations of the original Bitcoin inventor.

A network rollback of BCH in May also made everyone discover that, no matter what the purpose is, the big miners on BCH are fully capable of attacking the network with 51% and rolling back unwanted transactions. For users, it is not safe to know when and under what circumstances their transactions will be rolled back. "It's easy to double spend. This is a terrible thing." Wang Fuqiang said.

On April 4th, Binance CEO Changpeng Zhao announced the opening of a new cryptocurrency exchange in Singapore at the Deconomy event in Seoul, South Korea. At the same time, the Twitter account of the Binance Exchange also disclosed the matter simultaneously: Binance Singapore (BinanceSingapore) will be launched in April. It is our next fiat/token exchange and intends to provide trading services supporting Singapore dollars.

Alistair Milne, chief investment officer of Altana Digital Currency Fund, said that the increase in HODLing activity heralds a bullish trend for Bitcoin. Similarly, Rafael Schultze-Kraft, Chief Technology Officer of Glassnode, an on-chain market analysis company, agrees based on on-chain data: the supply of Bitcoin that has not moved for more than a year accounts for 62%. The supply of profitable BTC accounts for up to 77%. Many investors can profit by cashing out, but they choose HODL. How can you not be bullish on Bitcoin?

The scarcity of Bitcoin is unique to anything we have seen so far. Bitcoin has a predetermined issuance schedule with a circulation of 21 million US dollars. The supply of new bitcoins is halved approximately every 4 years (the so-called halving). Bitcoin's inherent monetary policy is protected by the individual who runs the node. These nodes act as a register through which anyone with access to the Internet can confirm the integrity of the Bitcoin blockchain data.

The first scatter plot of SF vs. market value shows that it is best to use a logarithmic value or axis to represent market value because it spans 8 orders of magnitude (from $10,000 to $100 billion). Using a logarithmic value or axis for SF also shows a good lineWhat gives Bitcoin valuear relationship between ln (SF) and ln (market capitalization). Note that I used the natural logarithm (base e) instead of the common logarithm (base 10), which will produce similar results.

Including the operation of Morgan Stanley pension solutions, CaitlinLong, who has been immersed in Wall Street for 22 years, recently issued a warning that the New York Stock Exchange's parent company Intercontinental Exchange (ICE) plans to launch Bitcoin and other digital asset platforms Bakkt is a double-edged sword .

For the five affected cryptocurrencies, Korbit emphasized that the purchase function will be terminated after 15:00 on May 28, 2018, and the sale function will be terminated on June 21, 2018 at 15:00. However, the exchange hinted that some of them might be relisted at a later date, and detailed:

At this time, the network kindly urged Jiang to also register an account and make money together. Jiang failed to resist the temptation, and then followed the other party's guidance and found the customer service of the XX exchange to inquire about the recharge investment. The customer service quickly gave Jiang a bank account and asked her to transfer money directly to it, and then place an order on the website.

The first faction is based on the BitcoinABC development team. It will start a hard fork upgrade on November 15. The main upgrade features include standardized transaction ordering (CTOR) and two opcodes (OP_CHECKDATASIG and OP_CHECKDATASIGVERIFY). The software has been released, BitcoinABC version 0.18, and the software is set to activate the hard fork on November 15.