Bitcoin Could Reach $50,000 in 2018 and $500,000 by 2024 ...
Bitcoin Could Reach $50,000 in 2018 and $500,000 by 2024 ...
Bitcoin closing in on US$10,000 as hedge funds pour into ...
Preisanstieg: Bitcoin über 10.000 US-Dollar - Höchster ...
Dollar Cost Averaging - The 'Boring', Sensible Bitcoin ...
Bitcoin (BTC): Hedgefonds für Kryptowährungen werden ...
Bitcoin 11 Years - Achievements, Lies, and Bullshit Claims So Far - Tooootally NOT a SCAM !!!!
That's right folks, it's that time again for the annual review of how Bitcoin is going: all of those claims, predictions, promises .... how many have turned out to be true, and how many are completely bogus ??? Please post / link this on Bitcoin (I am banned there for speaking the truth, so I cannot do it) ... because it'a way past time those poor clueless mushrooms were exposed to the truth. Anyway, without further ado, I give you the Bitcoin's Achievements, Lies, and Bullshit Claims So Far ... . Bitcoin Achievements so far:
It has spawned a cesspool of scams (2000+ shit coin scams, plus 100's of other scams, frauds, cons).
Many 1,000's of hacks, thefts, losses.
Illegal Use Cases: illegal drugs, illegal weapons, tax fraud, money laundering, sex trafficking, child pornography, hit men / murder-for-hire, ransomware, blackmail, extortion, and various other kinds of fraud and illicit activity.
Legal Use Cases: Steam Games, Reddit, Expedia, Stripe, Starbucks, 1000's of merchants, cryptocurrency conferences, Ummm ????? The few merchants who "accept Bitcoin" immediately convert it into FIAT after the sale, or require you to sell your coins to BitPay or Coinbase for real money, and will then take that money. Some of the few who actually accept bitcoin haven't seen a customer who needed to pay with bitcoin for the last six months, and their cashiers no longer know how to handle that.
Contributing significantly to Global Warming.
Wastes vasts amounts of electricity on useless, do nothing work.
Exponentially raises electricity prices when big miners move into regions where electricity was cheap.
It’s the first "currency" that is not self-sustainable. It operates at a net loss, and requires continuous outside capital to replace the capital removed by miners to pay their costs. It’s literally a "black hole currency."
It created a new way for people living too far from Vegas to gamble all their life savings away.
Spawned "blockchain technology", a powerful technique that lets incompetent programmers who know almost nothing about databases, finance, programming, or blockchain scam millions out of gullible VC investors, banks, and governments.
Increased China's foreign trade balance by a couple billion dollars per year.
Helped the FBI and other law enforcement agents easily track down hundreds of drug traffickers and drug users.
Wasted thousands if not millions of man-hours of government employees and legislators, in mostly fruitless attempts to understand, legitimize, and regulate the "phenomenon", and to investigate and prosecute its scams.
Rekindled the hopes of anarcho-capitalists and libertarians for a global economic collapse, that would finally bring forth their Mad Max "utopia".
Added another character to Unicode (no, no, not the "poo" 💩 character ... that was my first guess as well 🤣)
Provides an easy way for malware and ransomware criminals to ply their trade and extort hospitals, schools, local councils, businesses, utilities, as well as the general population.
~~Bitcoin is "striking fear into the hearts of bankers, precisely because Bitcoin eliminates the need for banks. ~~, Mark Yusko, billionaire investor and Founder of Morgan Creek Capital, https://www.bitcoinprice.com/predictions/
"A bitcoin miner in every device and in every hand."
"All the indicators are pointing to a huge year and bigger than anything we have seen before."
"Bitcoin is communism and democracy working hand in hand."
"Bitcoin is freedom, and we will soon be free."
"Bitcoin isn't calculated risk, you're right. It's downright and painfully obvious that it will consume global finance."
"Bitcoin most disruptive technology of last 500 years"
"Bitcoin: So easy, your grandma can use it!"
"Creating a 4th Branch of Government - Bitcoin"
"Future generations will cry laughing reading all the negativity and insanity vomited by these permabears."
"Future us will thank us."
"Give Bitcoin two years"
"HODLING is more like being a dutiful guardian of the most powerful economic force this planet has ever seen and getting to have a say about how that force is unleashed."
"Cut out the middleman"
"full control of your own assets"
"reduction in wealth gap"
"cannot print money out of thin air"
"Why that matters? Because blockchain not only cheaper for them, it'll be cheaper for you and everyone as well."
"If you are in this to get rich in Fiat then no. But if you are in this to protect your wealth once the current monetary system collapse then you are protected and you'll be the new rich."
"Theres the 1% and then theres the 99%. You want to be with the rest thats fine. Being different and brave is far more rewarding. No matter your background or education."
"NO COINERS will believe anything they are fed by fake news and paid media."
"I know that feeling (like people looking at you as in seeing a celebrity and then asking things they don't believe until their impressed)."
"I literally walk round everyday looking at other people wondering why they even bother to live if they don't have Bitcoin in their lives."
"I think bitcoin may very well be the best form of money we’ve ever seen in the history of civilization."
"I think Bitcoin will do for mankind what the sun did for life on earth."
"I think the constant scams and illegal activities only show the viability of bitcoin."
"I think we're sitting on the verge of exponential interest in the currency."
"I'm not using hyperbole when I say Satoshi found the elusive key to World Peace."
"If Jesus ever comes back you know he's gonna be using Bitcoin"
"If this idea was implemented with The Blockchain™, it would be completely flawless! Flawless I tell you!"
"If you're the minimum wage guy type, now is a great time to skip food and go full ramadan in order to buy bitcoin instead."
"In a world slipping more and more into chaos and uncertainty, Bitcoin seems to me like the last solid rock defeating all the attacks."
"In this moment, I am euphoric. Not because of any filthy statist's blessing, but because I am enlightened by own intelligence."
"Is Bitcoin at this point, with all the potential that opens up, the most undervalued asset ever?"
"It won't be long until bitcoin is an everyday household term."
"It's the USD that is volatile. Bitcoin is the real neutral currency."
"Just like the early Internet!"
"Just like the Trojan Horse of old, Bitcoin will reveal its full power and nature"
"Ladies if your man doesnt have some bitcoin then he cant handle anything and has no danger sex appeal. He isnt edgy"
"let me be the first to say if you dont have bitcoin you are a pussy and cant really purchase anything worldwide. You have no global reach"
"My conclusion is that I see this a a very good thing for bitcoin and for users"
"No one would do such a thing; it'd be against their self interests."
"Ooh lala, good job on bashing Bitcoin. How to disrespect a great innovation."
"Realistically I think Bitcoin will replace the dollar in the next 10-15 years."
"Seperation of money and state -> states become obsolete -> world peace."
"Some striking similarities between Bitcoin and God"
"THANK YOU. Better for this child to be strangled in its crib as a true weapon for crypto-anarchists than for it to be wielded by toxic individuals who distort the technology and surrender it to government and corporate powers."
"The Blockchain is more encompassing than the internet and is the next phase in human evolution. To avoid its significance is complete ignorance."
"The bull run should begin any day now."
"The free market doesn't permit fraud and theft."
"The free market will clear away the bad actors."
"The only regulation we need is the blockchain."
"We are not your slaves! We are free bodies who will swallow you and puke you out in disgust. Welcome to liberty land or as that genius called it: Bitcoin."
"We do not need the bankers for Satoshi is our saviour!"
"We have never seen something so perfect"
"We must bring freedom and crypto to the masses, to the common man who does not know how to fight for himself."
"We verified that against the blockchain."
"we will see a Rennaisnce over the next few decades, all thanks to Bitcoin."
"Well, since 2006, there has been a infinite% increase in price, so..."
"What doesn't kill cryptocurrency makes it stronger."
"When Bitcoin awake in normally people (real people) ... you will have this result : No War. No Tax. No QE. No Bank."
"When I see news that the price of bitcoin has tanked (and thus the market, more or less) I actually, for-real, have the gut reaction "oh that’s cool, I’ll be buying cheap this week". I never knew I could be so rational."
"Where is your sense of adventure? Bitcoin is the future. Set aside your fears and leave easier at the doorstep."
"Yes Bitcoin will cause the greatest redistribution of wealth this planet has ever seen. FACT from the future."
"You are the true Bitcoin pioneers and with your help we have imprinted Bitcoin in the Canadian conscience."
"You ever try LSD? Perhaps it would help you break free from the box of state-formed thinking you have limited yourself..."
"Your phone or refrigerator might be on the blockchain one day."
The banks can print money whenever they way, out of thin air, so why can't crypto do the same ???
Central Banks can print money whenever they way, out of thin air, without any consequences or accounting, so why can't crypto do the same ???
It's impossible to hide illegal, unsavory material on the blockchain
It's impossible to hide child pornography on the blockchain
All Bitccoins are the same, 100% identical, one Bitcoin cannot be distinguished from any other Bitcoin.
The price of Bitcoin can only go up because of scarcity / 21 million coin limit. (Bitcoin is open source, anyone can create thir own copy, and there are more than 2,000+ Bitcoin copies / clones out there already).
immune to government regulation
"a world-changing technology"
"a long-term store of value, like gold or silver"
"To Complex to Be Audited."
"Old Auditing rules do not apply to Blockchain."
"Old Auditing rules do not apply to Cryptocurrency."
Bitcoin now at $16,600.00. Those of you in the old school who believe this is a bubble simply have not understood the new mathematics of the Blockchain, or you did not cared enough to try. Bubbles are mathematically impossible in this new paradigm. So are corrections and all else", John McAfee, 7 Dec 2017 @ 5:09 PM,https://mobile.twitter.com/officialmcafee/status/938938539282190337
2013-11-27: ""What is a Citadel?" you might wonder. Well, by the time Bitcoin became worth 1,000 dollar [27-Nov-2013], services began to emerge for the "Bitcoin rich" to protect themselves as well as their wealth. It started with expensive safes, then began to include bodyguards, and today, "earlies" (our term for early adapters), as well as those rich whose wealth survived the "transition" live in isolated gated cities called Citadels, where most work is automated. Most such Citadels are born out of the fortification used to protect places where Bitcoin mining machines are located. The company known as ASICminer to you is known to me as a city where Mr. Friedman rules as a king.", u/Luka_Magnotta, aka time traveler from the future, 31-Aug-2013, https://www.reddit.com/Bitcoin/comments/1lfobc/i_am_a_timetraveler_from_the_future_here_to_beg/
2018-12: Listen up you giggling cunts... who wants some?...you? you want some?...huh? Do ya? Here's the deal you fuckin Nerds - Butts are gonna be at30 grandor more by next Christmas  - If they aren't I will publicly administer an electronic dick sucking to every shill on this site and disappear forever - Until then, no more bans or shadow bans - Do we have a deal? If Butts are over 50 grand me and Lammy get to be mods. Deal? Your ole pal - "Skully"u/10GDeathBoner, 3-Feb-2018 https://www.reddit.com/Buttcoin/comments/7ut1ut/listen_up_you_giggling_cunts_who_wants_someyou/
2018-12: "Bitcoin could be at$40,000by the end of 2018, it really easily could", Mike Novogratz, a former Goldman Sachs Group Inc. partner, ex-hedge fund manager of the Fortress Investment Group and a longstanding advocate of cryptocurrency, 21-Sep-2018, https://www.youtube.com/watch?v=6lC1anDg2KU
2018-12: Bitcoin will end 2018 at the price point of$50,000, Ran Neuner, host of CNBC’s show Cryptotrader and the 28th most influential Blockchain insider according to Richtopia,https://www.bitcoinprice.com/predictions/
Why the Covid-19-induced Economic Downturn Can be a Blessing in Disguise
https://preview.redd.it/ei56m90o8hz41.png?width=1024&format=png&auto=webp&s=b23062c417a8b87d8fd0f228165dabef2f6adf2f Chief Economist of the International Monetary Fund, Gita Gopinath has written a piece reporting and predicting the disastrous consequences of the Coronavirus pandemic on the global economy. Hoping that the economies will be able to restart by the 3rd quarter of the year 2020, this year will see a global GDP growth rate of -3%. This is not only worse than the 2008 financial crisis, Gopinath writes; it is the worst recession since the great depression of 1930s. The cumulative losses to the global GDP over 2020 to 2021 is predicted to be equivalent to approximately 9 trillion dollars, which is greater than the economies of Japan and Germany combined. How Can the Economy Bounce Back? All these assumptions will hold true if the economic institutions are able to bounce back properly. The labour markets and human capital development may be stunted with the crisis in the health and the education sector. So, one of the most crucial factors of production might be in scarce supply even after the economy restarts, in most countries. Investment is also likely to become a big problem as the investors are becoming increasingly risk averse in the wake of this crisis. This is particularly bad news for the developing economies, as they will be facing a lot of capital flight. This again will have negative consequences for the global economy. As a consequence there will be huge job losses, shutdowns and shrinking in the per-capita income. Even the stock and commodities markets are in an exceptionally bad state. On May 13, both stock and oil prices have taken a hit, as there is an increasing fear of a second wave of Covid-19. Indices across the globe plummeted, especially after the statement by Anthony Fauci, the Head of Center for Disease Control, United States, signifying the possible negative consequences of an early lifting of the lockdown, therefore indicating the prolongation of the economic lockdown. Can Digital Assets be the Answer to Global Financial Woes? In the light of these instabilities in the global economic system, it is not surprising that people are looking for alternatives, and are in fact being compelled to do that. In fact, the World Economic Forum, which is the vanguard of the global economic order, has passed been considering how blockchain technology could be used to improve the global supply chains, to make them more resilient in the face of crises like these. Similarly, the COVID-19 crisis has led to a 72% increase in the use of fintech apps in Europe. In late April, according to CoinMarketCap, Bitcoin prices rose by 23% to 9500 dollars in less than a day. This is indicative of a greater interest in cryptocurrencies; and also of the fact that how cryptocurrencies can be much more resilient in the face of a crisis, given that they are not subjected to policy changes, and other forms of market manipulation and direct exogenous forces affecting fiat and equities alike. Therefore in a globalised world they will show the way. Why Cryptocurrency Trading has Seen a Sharp Rise The uncertainty surrounding the current global economic scenario has renewed interest of many traders in the crypto sector. Almost all digital assets trading platforms, or cryptocurrency exchanges, have reported a sharp rise not only in number of new registrations, but in trading volumes as well. Even new traders, without any previous experience in trading either traditional assets, or digital assets, are also taking the plunge into crypto trading. While these are exciting times, there are also risks associated with volatility of digital assets. However, with some inside knowledge into how trading (in its different avatars) works, traders can be empowered to take informed decisions and protect their investments alongside making handsome profits. Leading digital assets trading platform, Bithumb Global, has introduced many innovative options which make trading easy in these times. For example in a time of capital shortage, margin trading can be a great way to leverage the opportunities of crypto trading to make profits. How Does Leverage Trading Work? While we have explained through a step-by-step guide on how new traders can register on the Bithumb Global platform for margin trading activities, let us explain the process and its intricacies a bit better. Bithumb Global margin trading adopts the full-position mode, and provides 5X leverage. At the same time, when the transaction is generated, the currency is automatically borrowed and returned, eliminating the steps of active borrowing and repayment. Considering you have registered onto the platform, or are logged in to it and have also transferred assets in your margin trading account, the system will automatically allocate funds based on the available assets in your margin trading account and leverage multiples. The borrowable value is the largest loanable asset that the user can currently borrow from the platform and it depends on how much asset the user hold in the margin trading account. For example, if the amount of assets in the margin trading account is 10,000 USDT (it will show on the page), the user can borrow a maximum of 38,000 USDT. Therefore, through margin trading, the maximum amount that the user can operate with is 10,000 + 38,000 = 48,000 USDT. Assuming that the price of BTC is 7000 USDT and you are bullish it will reach 8000 USDT, you can borrow USDT from the platform to buy BTC. Now, your USDT position is 10,000 USDT and your maximum loan limit is 38,000 USDT. When buying 5 BTC for a pending order, a loan will be generated immediately after the pending order is placed. The loan amount is: 5 * 7000–10,000 = 25,000 USDT. In the order operation area, click the loan summary to view the asset balance, loan amount and interest payable in each currency. When BTC rises from 7000 USDT to 8000 USDT, you sell 5 BTC at 8000 USDT and the profit is 5 * (8000–7000) = 5000 USDT. You open the position (your target of 8000 USDT per BTC) and once target price is reached, you need to close the position. Our platform provides users with three modes of operation: 1) Quick liquidate In the Quick liquidate mode, the system will automatically calculate the user’s openable quantity. The user only needs to enter the target price and click “sell” to realize the sale of the pending order with the number of openable positions, thus achieving the effect of one-key closing. 2) Close loan In the close loan mode, the system will automatically calculate the amount of money and interest payable by the user. The user only needs to enter the target price and the system will automatically calculate the amount to buy or sell. You can realize the pending order for the corresponding amount of loan repayment. 3) Normal orders After opening a position, in the normal order placing mode, click 100% of the amount to buy or sell to realize the reverse opening order. Let us take the long BTC as an example to understand the three modes. User buys 5 BTC at 7000 USDT, and closes the position when BTC rises to 8000 USDT. The user will automatically close the position by quick liquidate mode. The system will automatically calculate the number of BTC that the user can close. The user has to click “sell” after the BTC price reaches 8000 USDT, to generate a pending order to sell 5 BTC at 8000 USDT in the current commission area. In the close loan mode, the system will automatically calculate the 25,000 USDT and interest payable that the user needs to repay the loan. When user enters 8000 USDT and click on “Sell BTC” to close the loan, he can generate 8000 USDT in the current commission area for sale. In the normal order placing mode, the user enters 8000 USDT and clicks 100% to sell BTC. A pending order with a quantity of more than 5 BTC will be produced. After the pending order is completed, the position will be converted from long BTC to short BTC. In summary, it is recommended that users complete the liquidation operation through quick liquidate when repaying the transaction. In addition, closing a position can also be done by transferring assets. The user transfers the loan amount from spot trading account to margin trading account, and the system will realize automatic repayment. Conclusion You have used money from the platform as a loan, bought assets, opened a position and made a handsome profit when the target was achieved. After paying back the loan as well as the interest on the money that you used, the remainder is your net profit. Margin trading also protects your downside. Your investments are protected when the price of an asset goes down. There are stops placed at the lower end to help you minimize your losses. So it is imperative that you try out margin trading with a small amount to understand the nitty-gritties and feel confident about it. All in all, margin trading has helped thousands of traders on Bithumb Global to leverage the current bullish sentiments in the cryptocurrency markets to make profits and hedge their risks in digital assets. Will you be the next successful trader?
03-11 16:45 - 'Coinburrow perpetual Algo Launched' (self.Bitcoin) by /u/Material_Brick removed from /r/Bitcoin within 163-173min
''' The Australia-based exchange said Wednesday in a blog post that its new “Perpetual Algo” feature provides leverage up to three times or "3x" for individual investors in 30 countries and 23 U.S. states, including the lucrative New York market. The leverage is also available to institutional traders in 44 states and Twenty Five countries. The 3x leverage matches C’oinBurrow’s previous margin offering from 2017. CoinBurrow, led by Analyst Allyssa Sosa, briefly offered margin trading at the time, but suspended the service later in the year. Executives had been signaling since early 2019 that they were considering reviving the effort. The resurgent push by Coinburrow comes as competition heats up among the world’s crypto exchanges, and the biggest players are scrambling to attract customers and transaction volumes with new digital-token listings and features like better trading technology, more leverage and more-secure custody options. “Perpetual Algo” has been one of our most requested features," Coinburrow said in the blog post. Several big non-U.S.-based exchanges, including Binance, BitMEX and Deribit, offer leverage of 100 times or more on futures contracts and other derivatives, but many of those offerings are off-limits to American customers. While U.S. traders can get leverage to buy regulated bitcoin futures contracts on the CME and Intercontinental Exchange’s Bakkt division, those venues require special accounts to trade commodities. Leverage is considered risky in trading because it boosts the chances of losses alongside the enhanced potential for gains. In an example of how Coinburrow’s new offering will work, traders could put $2999 down and continue up to $10000 of bitcoin from the exchange for trading with bitcoin perpetual Algo, increasing the potential size of the bet to x2-x3 worth of bitcoin. If bitcoin’s price climbs by 33 percent, traders would double their original investment. In the blog post, Coinburrow said the perpetual funds can be used to trade other cryptocurrencies, in addition to tripling-down on a single digital asset like bitcoin: " If deployed as part of a responsible trading strategy perpetual trading algo doesn’t just increase your position in a specific trade but can also help diversify your portfolio, allowing you to hedge or arbitrage across multiple positions without depositing additional capital." Coinburrow is notable because it is one of only a few big cryptocurrency exchanges based in Australia., submitting to the nation’s strict regulations in exchange for access to customers from the world’s largest economy. Started in the early years of the crypto industry in 2017, Coinburrow has long been used by cryptocurrency newcomers as an “on-ramp” into bitcoin and other digital assets from dollars and other government-issued money. The company now claims to have more than 30 thousand users. [EARN FROM THE NEW INNOVATION ( COINBURROW.]1 . ) With coinburrow you can mine various kind of cryptocurrency based on what you are familiar with and how much you can afford, Also it based on how long you want the investment span to be.. You can invest $2999 and earn unto $5000 over a period of 55 days¦ You can also invest in the Bitcoin perpetual Algo, where you can earn over a period a year or 2 years.. [Cloud Mining I Crypto Investment]2 COINBURROW Can help you build your wealth while you continue with your day to day earnings. ''' Coinburrow perpetual Algo Launched Go1dfish undelete link unreddit undelete link Author: Material_Brick 1: c*inb*rro*.ne*/ 2: coin**rr*w.n*t/ Unknown links are censored to prevent spreading illicit content.
If you invested $5000 per year and got 10% interest compounded annually you'd have...
I was introduced to bitcoin in 2013. 6 years ago. I bought bitcoin at about $1,000. At the time I was a heavy stock trader and my goal was to make a 10% return per year on my investments. To put that into perspective the average hedge fund loses money every year. The absolute best hedge funds net about 3% per year for their clients. https://nypost.com/2019/01/03/the-average-hedge-fund-lost-6-7-percent-in-2018/ If bitcoin grew at a rate of 10% per year since I bought it the btc price would be $1,771 This is more than what the S&P500 has grown over the last 6 years. I would be more than happy and would be adding as much to my investment fund as possible! Instead, BTC is currently trading at $11,700. Which is the equivalent of about 26 years of getting 10% per year. This is why I am not concerned about daily price fluctuations on BTC exchanges. If you invest $5000 per year, and get 10% return annually for 30 years you'll have about 1 million dollars. Of course factoring taxes you'll have less than that but you have to pay taxes on all capital gains eventually. 1 million dollars will have a completely different value 30 years from now but regardless, having 1 million will be better than having $66,679 which is exactly what you'll have if you invest in the average hedge fund, or $200,000 if you just let it sit in the bank for 30 years. 26 years of getting 10% return per year...in 6 years. If bitcoin continues to grow at this same rate then the price will be $142,042 in another 6 years. Bitcoin is a digital commodity with several use cases all worth billions of dollars. Your outlook should always be longterm.
Find Out Why Institutions Will Flood the Bitcoin Market
As originally written via CoinLive: (improved reading experience) Back in 2017, the blockchain industry experienced an unprecedented interest which ended in what is often referred in financial terms as “irrational exuberance”, with a large portion of the rally led by retail-type investors flooding the market to ultimately chase prices at illogically hefty levels based on the infancy stage of the technological advancements and its implementations. That rise was too fast too quick and eventually, in early January 2018, the bubble-like move came to an abrupt end. The question now is, what will it take for another sustainable bull run to materialize? At CoinLive, we will inspect the key missing pieces of the puzzle. In this article, we will investigate the ever-growing list of evidence that shows why a new type of investors, the institutional ones, looks set to enter the market in mass. The two critical impediments for the ‘smart money’ to have been on the sidelines are clearly identifiable. Firstly, it has to do with custodianship, in other words, having formal mechanisms that allow the safe storage of the asset. Secondly, the regulation around the crypto market must be clarified with clearer guidance. When it comes to the first missing piece of custodianship, the NY Times recently helped shed a light on where we are headed. The influential newspaper reported that ICE (Intercontinental Exchange), which is the parent company behind the NY Stock Exchange (NYSE), is working confidentially in the implementation of swap contracts for banks and large investors that will be settled with the physical delivery of Bitcoin. For ICE to even consider this idea it means that the problem of legal custodianship is being worked out so that the backing and security of Bitcoins by the NYSE will be in place. This will open the floodgates to a whole new market, where the King of cryptos and other digital assets down the road become available to a much wider and more influential customer base. We are certainly at a stage where institutions have recognized that Bitcoin is “too big to ignore”. What’s also important is that by using a swap contract, the trading of Bitcoins will be oversight under the existing regulatory framework of the Commodity Futures Trading Commission, hence less regulatory uncertainty. As a reminder, the CFTC is headed by J. Christopher Giancarlo, who is a proclaimed pro-blockchain endorser after his popular appearance in front of a U.S. Senate hearing on blockchain technology last February, where he famously said: “We owe it to this generation to respect their interest in this new technology.” Moreover, earlier this year, Boston-based State Street, the world’s second-largest custody bank with around £24tn in assets under custody and administration, came out to announce that safeguarding clients' digital assets could be a service they are looking to provide a solution in the near future. If confirmed, it would represent a major move as it sets a precedent as the first global bank to provide custodianship services for crypto-related investments. While Bitcoin is not serving its initially intended purpose as a widely used method of payments (for now), it has found another appeal as a store of value that is uncorrelated to any other asset class, hence it has an exceptional use as a hedging strategy for multi-billion dollar portfolios to help reduce the overall volatility. Other stories strengthening the notion of institutional capital set to come into the cryptoverse include the news that Goldman Sachs will be trading futures contracts linked to Bitcoin’s price as an initial step, only to gradually transition into a more direct trading of buying and selling actual Bitcoins. Find our recent article where we explain why Goldman Sachs trading Bitcoin is such a big deal. Even the chief executive of Nasdaq, Adena Friedman, recently said considerations were being given to set up a virtual-currency exchange should the needed regulatory framework be resolved. Additionally, we have seen a growing trend of senior-level executives at institutional firms flocking off the safety of their well-established positions to venture into blockchain-related jobs. We include a few articles with evidence below: Goldman Sachs Executives are Moving to Cryptocurrency Hedge Funds Mike Novogratz Makes Goldman VP the COO of His Crypto Company Coinbase Hires Ex-Barclays Director to Expand Its Institutional Client Base Commonwealth Bank CFO to Lead Block.one as President and COO The migration in job positions from traditional financial markets into blockchain comes as no surprise and quite frankly, it appears to be a logical and rational step to be taken, especially in light of the new revenue streams the blockchain sector has to offer. Proof of that is the fact that Binance, a crypto exchange with around 200 employees and less than 1 year of operations has overcome Deutsche Bank, which has more than 100,000 employees and over 150 years of history, in total profits. What this communicates is that the opportunities to grow an institution’s revenue stream is formidable once they decide to integrate cryptocurrencies into their business models. Another piece of the puzzle, even if occurring behind closed doors, is the consideration to launch a Bitcoin ETF. Back in April, it was reported that the US Securities and Exchange Commission (SEC) has put back on the table two Bitcoin ETF proposals, according to public documents. The agency is under formal proceedings to approve a rule change that would allow NYSE Arca to list two exchange-traded funds (ETFs) proposed by fund provider ProShares. The introduction of an ETF would make Bitcoin available to a much wider share of market participants, with the ability to directly buy the asset at the click of a button, essentially simplifying the current complexity that involves having to deal with all the cumbersome steps currently in place. More evidence of the emergence of institutions playing a more dominant role in the blockchain industry is the unprecedented interest to amass Bitcoins in the OTC (Over the Counter Market). We perceive this trend as directly linked store Bitcoin as a store of value. This article by Bloomberg should give you a taste of what's happening behind the scenes: The Wealthy Are Hoarding $10 Billion of Bitcoin in Bunkers. As ConLive recently tweeted: "Our network of Insiders telling us between 5000-10.000 BTC are being sold every week OTC by Chinese BTC miners to Israeli buyers - Wall Street type - as they look to accumulate a big hand in BTC. “ !(https://coinlive.io/ckeditor_assets/pictures/868/content_2018-05-15_0957.png) Lastly, one of the most critical missing piece is the subject of global regulations. Back in March, Mark Carney, the head of Bank of England and the chief of the Financial Stability Board of G20 stated that “crypto-assets do not pose risks to global financial stability at this time.” That caused a temporary relief in the crypto sphere as the risk of a regulatory backlash was removed for the time being until July, the month when more clarity will be provided. The chair of the Argentina Central Bank, Federico Sturzenegger, on his role of sitting the G20 summit, said that members showed a unifying view on the need of cryptocurrencies to be supported by a more sound regulatory framework. The policy-maker, however, made it clear that they first need to examine the cryptocurrencies universe to gather the necessary data before proposing regulations. “In July we have to offer very concrete, very specific recommendations on, not ‘what do we regulate?’ but ‘what is the data we need?” Sturzenegger said. To sum up, the improvements in custodianship solutions, along with more clarity by the G20 committee, which is set to provide less uncertainty for institutional investors’ involvement, is a recipe for a renewed bull wave, this time of institutional capital, to shake up the crypto space. At CoinLive, we will not venture into the timing, as that is quite irresponsible trying to pretend we have a "crystal ball" to determine when moves will occur. We just simply look at the big picture and try to connect the dots by first breaking down the latest developments to then draw some conclusions. Never forget, markets should always be approached as a numbers' game, and while nothing is certain, we just attempt to envision and inform on scenarios with the highest likelihood.
boldninja All welcome @breitwoman (Kathleen) and @rawzeee (Ross) from Tezos.com - today they will answer any of your questions regarding their upcoming project breitwoman By way of introduction, I am Kathleen Breitman, the CEO of the company which created Tezos. I am tag teaming this with @rawzeee, who works for the Swiss Foundation which will be responsible for running the crowdsale later this month. Ross will handle crowdsale-specific questions. rawzeee Hello! Greetings from Zug! jamiec79 :wave: breitwoman Very jealous of Ross right now, Zug is gorgeous techbytes Welcome. rawzeee I saw a man playing an alphorn in front of UBS today. Most Swiss thing I could've imagined possible. arkvader Greetings from far far away.... tranzer Hi Tezos! I have 1st question, by the looks of it Tezos will be in OCaml right? Why did you decide on OCaml? Are there any advantages over other languages? mike Hi Kathleen and Ross, good to see you. moobox hello Tezos people breitwoman @tranzer great question. we wrote the protocol in OCaml. It was a confluence of a few things... Pragmatically, we found a great team with an emphasis on OCaml based in France and Arthur (CTO) is a French national so it was possible to work with them pretty seamlessly. On the technical side, OCaml is a great PL for writing code that can later be formally verified. Security and consistency of execution are two principles we tried to optimize for and OCaml lends itself well to those goals. See also section 1.4: https://tezos.com/static/papers/position_paper.pdf (edited) dr10 hello tezos breitwoman howdy all! dr10 How would you shortly & easy-to-understand sum-up the advantages of TEZOS to magazines and non-crypto people? tranzer What consensus system will you use? Like PoS or some hybrid? Will there be any rewards for signing blocks? breitwoman My TL;DR runs on two talking points -- Tezos is a new blockchain that aims to create a robust governance model by allowing token-holders to come to consensus on protocol upgrades but also preserve rules over time by using mathematical proofs. Unlike previous blockchains, it can deploy upgrades to the network in an elegant and seamless way. @tranzer we have our own POS algo. We have nominal inflation in the protocol to incentivize participation. dr10 So in easy words, Tezos is built to easily adapt to any technic innovations? breitwoman @dr10 yes, it was borne out of the first alt coin craze when everyone deployed a new token to instantiate even the most marginal improvement dr10 okay breitwoman Tezos wants to preserve network effects while keeping pace with innovation dr10 Your whitepaper has very tech-heavy language. So I'd like to ask questions that are stupid and simple. :smile: What are the three crypto-currencies that are most similar to yours and yet why is Tezos different? breitwoman Yeah, the position paper is more accessible dr10 yeah i've read them all breitwoman 1. Decred. Though they don't push automatic upgrades and they can't introspect on the protocol. 2. Dash. Though they also don't push automatic upgrades, can't introspect, and I think their funding model is a little backwards. 3. Ethereum has a lot of similar technical goals but no formal, on-chain governance model. We made our protocol with a bigger emphasis on formal verification and security. someonesomeone Hi guys! dr10 thank you! and hi someone :smile: In your position paper you state "Tezos truly aims to be the last cryptocurrency." No matter what innovations other protocols produce, it will be possible for Tezos stakeholders to adopt these innovations" - Can Tezos implement any future innovations within its code? Wether its a new programming code, artificial intelligence or implementing big data of anything? i wondered about that i am a no-coder so I dont grasp everything tranzer How much do you aim to raise in your ICO will there be any minimum or maximum? Will it be normal proportional auction or fixed price per token? breitwoman @dr10 obviously limitations to anything that a blockchain can do... it can't solve poverty or hunger, but we made the code with a very modular design that allows for a lot of flexibility someonesomeone @breitwoman do you plan on doing a smartbridge with Ark? Or any other partnerships with them? :wink: dr10 yeah but I am wondering about future innovations like artificial intelligence, if that can somehow be implemented. breitwoman @smartbridge good question. I like Ark but I'm not familiar enough with what they're up to... open to all sorts of things though! dr10 My theory is that these future innovations will be interconnected by cryptocurrency breitwoman @dr10 So, our CTO is a bona fide expert in AI and he doesn't think there are a lot of synergies with AI and blockchains dr10 What is block target time? What is transaction speed? How many confirmations are needed? Couldnt see that / find that... maybe I oversaw :smile: breitwoman but we'll keep our eyes peeled dr10 okay someonesomeone @breitwoman cool. Ark is doing a great job from what I can gather and I am pretty sure that I will also invest into your ICO, since your project also looks very interesting breitwoman @dr10 I think that's all referenced in the white paper, which was recently updated! soporificprose Can you answer Tanzer... I have same questions. breitwoman That's a good question for @rawzeee dr10 okay, maybe I oversaw. I have read them all. no problem In your Whitepaper you state "Bitcoin, Ethereum, Cryptonote, etc. can all be represented within Tezos by implementing the proper interface to the network layer." Does this mean you try to interconnect all those cryptocurrencies? (edited) breitwoman @dr10 we're targeting 1 minute between blocks. We haven't set a blocksize yet, but we'll her on the side of caution at first. It's better to raise the blocksize through the amendment mechanism once we are confident in the network's throughput. jakethepanda Will users be able to issue asset tokens and build on top of Tezos? breitwoman @dr10 no, that's more like Cosmos... a different but cool project dr10 ark is doing that too :smile: rawzeee There is no minimum or maximum, though if only a few million were raised stakeholders would be asked whether or not they wanted to offer another TGE (Token Generation Event) to newcomers. Fixed price of 1 BTC to 5000 XTZ (tezzies), plus a descending bonus from 20% to 0% in 5% intervals every 400 BTC blocks. The entire TGE lasts 2000 BTC blocks. tranzer How much do you aim to raise in your ICO will there be any minimum or maximum? Will it be normal proportional auction or fixed price per token? Posted in #trading_altcoinsToday at 7:12 PM dr10 I didnt find on that one, or didnt look too deep. What are the references of you and your team members? On what projects did you work before? breitwoman @jakethepanda yes, they will but we think it's a better idea to propose those features that you'd find in an appcoin as a first class citizen rawzeee Yes, was typing the answer up! It's posted now. soporificprose Can you answer Tanzer... I have same questions. Posted in #trading_altcoinsToday at 7:15 PM breitwoman @dr10 I'm a pretty open book... I've worked in finance at a hedge fund and a VC, then in consulting... Arthur worked in high frequency trading for many years at places like Goldman and Morgan. Our developers are very academic dachshund what type of role/influence do your initial investors (polychain, etc) have in the overall governance of the network, if any dr10 What is the Payment for ICO? Paying in ETH or BTC or any other and how much will one Token cost? breitwoman Technically, none. We sold a nominal amount of tokens to a large group of people. They have the same status as any other participant but got a slight discount over the crowdsale price for tying up their capital for several months. techbytes that include Tim Draper? breitwoman I solicit their advice a lot though... it's a really savvy bunch and I was a one-woman band on the operational side. raolin Hey Kathleen - has your team given anymore thought to the post ICO mission? Roadmap? Additional team expansion? soporificprose Are they restricted from selling for a certain length of time? breitwoman no @raolin check out our outline at the end of our presentation https://www.tezos.com/static/papers/Tezos_Overview.pdf tranzer How much was sold to those pre-ico funders? breitwoman All in here guys: https://www.tezos.com/static/papers/Tezos_Overview.pdf 612k at an avg 31% discount rawzeee I listed the BTC ratio above. It's 1 BTC for 5000 XTZ (tezzies) plus a bonus or lack thereof based upon time periods. If you choose to use fiat Bitcoin Suisse AG who is administering the TGE (check their rates and your jurisdiction) they will peg it to BTC. Ether is pegged to BTC and will be accepted at the median (from Poloniex, Kraken, and GDAX) of the last three trade prices utilizing the ETH/BTC pair before the timestamp of the Ethereum block at the time of contribution. It’ll be offered on a best-effort basis and for convenience. If you want certainty contribute with Bitcoin. Otherwise you accept the risk that the exchange rate you'll get may not be precisely what you see on the screen at the moment of your contribution. You may also use other coins via ShapeShift. (edited) dr10 you will hit poloniex, kraken and gdax? when? rawzeee That is referring to the peg of ETH to BTC. all XTZ are pegged to the BTC price for the TGE. dr10 ah ok rawzeee I'm an acronym storm over here! dr10 Is there already some plan or future business relationship with merchants, exchanges or anything that Tezos could be used as a payment method? Anything you want to share already? dachshund What were your considerations when deciding to make the ICO un-capped? Any concerns regarding the impact there could be on the price once this starts trading (i.e. no price discovery) breitwoman @dr10 we've been talking to two exchanges for several months. I'm pretty confident Tezos won't have trouble on that front. I have two partnerships in the works that I'm excited about but shouldn't discuss yet. soporificprose Curious whether pre-ICO investors paid with BTC or fiat? breitwoman @dachshund it's primarily about fairness and distribution. ryano Are you familiar with BOScoin? They once were also using ocaml not sure if they stuck with that. Any comments on the benefits relative to each other breitwoman @soporificprose fiat dr10 Can everyone that holds a Tezos token vote on a proposal? Do they have to pay or temporaily lock in the Tokens? How does it work? It sounds like everyone can vote directly, right? ryano Also i thought Tezos was using delegate proof of stake is this no longer or never was the case ? breitwoman @ryano that's news to me. I have not gotten a straight answer from them on any technical questions rawzeee The reasoning for the uncapped TGE here is that the platform is almost entirely done (not an ICO for a white paper) and it is desired that a robust network is built rather than a few fast fingers buying up the entire TGE in minutes or hours. This is particularly important given how governance will work on Tezos. breitwoman @ryano we are using delegated proof of stake, @dr10 that means you can delegate your responsibilities to someone else if you don't want to be an active participant dr10 I see What is the Prediction Market about that you want to implement regarding "Futarchy"? I didnt get that right away mike Tezos form of DPoS looks very similar to proxy voting, like Liquid Democracy. breitwoman @mike yes, it is good catch soporificprose So their 30% discount was based on the price of BTC at that point? That would make it a much bigger actual discount yo current BTC to 5,000 TZE breitwoman @soporificprose pardon? no, it was all denominated in dollars the sale is denominated in BTC mike I want to add that to Ark at some point as well. dr10 What is the practical advantage to decentralized, atomated upgrades - compared to lets say Litecoin's Segwit Process? breitwoman @dr10 yeah I'd read this piece from Robin Hanson first http://mason.gmu.edu/~rhanson/futarchy.html ... but basically you'd run a predicition market with a prompt like "What do you think would be the best feature for Tezos" with many choices and whatever gets the popular vote would be implemented. dr10 And this predicting/voting will happen inside the wallet? mike ryano has some very interesting ideas on ranked voting. Have you looked into ways to combine ranked with proxy voting? breitwoman @dr10 we think defaults matter. upgrading protocols is cumbersome in existing blockchain implementations and it causes stasis tranzer Is wallet and whole network already developed (since you said platform is ready) ? sibars @rawzeee Sorry newbie question: Can you please explain in details how the TGE will work on day one?... I download the wallet fist, send you my BTC and then you send me the Tezzies? breitwoman @mike not closely. we think our first implementation, a straight vanilla two phased vote, is too simplistic. I'd like to discuss more sophisticated mechanisms if you've thought them through! I know Arthur loves him some futarchy but I'm not as big of a fan mike that would be a great discussion, look forward to exploring voting systems with you. we plan to try them on bridged chains which can be run as experiments. breitwoman @mike that's awesome dr10 xD Tezos focusses also on faster smart contracts as I understood, right? breitwoman @dr10 more secure, not necessarily faster dr10 okay breitwoman our smart contract language, Michelson, was created with formal verification in mind mike That named after the Michelson of Michelson-Morley Interferometer? (edited) dr10 And it uses ZeroCash as privacy mechanism? Or the whitepaper only compared to it and you use something different? I couldnt identify that breitwoman @mike you got it! https://en.wikipedia.org/wiki/Albert_A._Michelson Wikipedia Albert A. Michelson Albert Abraham Michelson (surname pronunciation anglicized as "Michael-son", December 19, 1852 – May 9, 1931) was an American physicist known for his work on the measurement of the speed of light and especially for the Michelson–Morley experiment. In 1907 he received the Nobel Prize in Physics. He became the first American to receive the Nobel Prize in sciences. (177kB) dachshund is there something similar to "gas" in tezos that controls for computation of each program, or how do you get around that? rawzeee @sibars No worries at all. There is a dedicated TGE site (register for updates at www.tezos.com). It'll guide you through the process. You'll generate a paper wallet (easy click through) with seed words. You can save it to a drive and/or print it (probably most secure). You'll verify your wallet number and password you created to generate it, then make your purchase to your wallet #. You can then verify it and make sure it's reflected in the wallet. It'll be simple and easy with a nice interface. breitwoman @dr10 not yet but Zooko is an advisor and we have spoken about integration. we are more interested in STARKs, the next gen of zero-knowledge dr10 I see breitwoman @dachshund yes, we have the concept of gas as well dr10 I guess you already answered that: In your Whitepaper you say: Crypto-currencies suffer from the same fate as smartphones which are incompatible with one another; they derive their value from a network effect, or the number of users who have given it value. - ARK will connect all Crypto-currencies by SMARTBRIDGING. Can you imagine working with ARK Smartbridge in your protocol aswell? yeah you did :smile: sibars @rawzeee Thanks :) dr10 More secure Smart Contracts, automatic upgrades in a DPoS model. Any other main focusses or any other attributes you want to innovate or improve compared to other cryptos? tranzer So will Tezos offer assets on their blockchain like ethereum? breitwoman @dr10 well, I think that covers the main talking @tranzer we can, but we think it's more powerful to integrate at the protocol level dachshund how has traction been within the developer community? I imagine there isn't a limitless pool of developers with the required technical expertise, so you must be expecting to take away from other networks? mike This is a good overview as well, for those who haven't seen it, https://tezos.com/static/papers/Tezos_Overview.pdf (edited) geops This all sounds great. The only thing that bothers me is the 1min block time. That seems like a step back compared to modern blockchains. Any goals to improve that? breitwoman @dachshund we have a very powerful core team. we think our choice of programming language was a good magnet and filter effects. we haven't sourced from other blockchain communities @geops yeah, that's all pretty flexible tranzer What is your budgeting plan if you get like 20m how long will that be for? 5 years? More? geops If you look at integrating with ARK smartbridge tech, you'll sure get lots of investors from here :slightly_smiling_face: breitwoman @tranzer we go over this a bit in our recent presentation: https://tezos.com/static/papers/Tezos_Overview.pdf check out the second to last page tranzer Yeah I'd like to see that as well geops, @fixcrypt is amazing developer from what I have seen so far breitwoman @geops yeah, totally something we should explore. we're a small team so any partnerships or serious integration have been tabled for later But I like the idea of ARK and I like what I've seen... so very open to this! tranzer Must say I like what I'm hearing here will definately invest a few btc dr10 yes me too geops definitely good ideas breitwoman Cool, glad to hear it! dr10 I think the future of blockchains will be in partnerships too tranzer dr10 I think so as well that is why I invested in ARK in first place too much competiting and too little cooperation (in other projects) (edited) rawzeee Hooray! Happy y'all may participate in the TGE. geops maybe you guys should sit down with @mike and @fixcrypt and discuss possible future collaborations. (edited) mike Yes, I like the vision laid out by Andreas Antonopolis of many thousands or more of specialized tokens and chains for different applications. tranzer OK so last question from me that 20% bonus will be for entire 400 first BTC blocks when you start? jacob breitwoman: Quadratic voting might work for Tezos (http://ericposner.com/quadratic-voting/) ERIC POSNER Quadratic voting Glen Weyl has uploaded a new version of his paper, Quadratic Voting (written with Steven Lalley), to SSRN, which now includes the completed proofs. Quadratic voting is the most important idea for l… Dec 30th, 2014 at 3:57 PM breitwoman good question for @rawzeee rawzeee @tranzer yes, indeed! breitwoman @jacob yes, that's something we've considered mike Glad to see you have Johann Gevers on board, is he active with the foundation? breitwoman we didn't want to be prescriptive with v1, so we made it very easy to understand rawzeee So there is about two days to get that bonus. Then 15% for the same period and so on. breitwoman @mike yes, he's the director. and he's awesome. total mensch and very philosophically committed to our project rawzeee I actually had a meeting with Johann today in Zug. mike Really like Monetas, glad to see there doing well, and the creation of the Zug crypto environment is fantastic. breitwoman @mike we went through a lot of ups and downs while developing Tezos. basically nobody cared about us for a while, until the DAO basically. Johann always encouraged us to keep going. yeah, the crypto valley is a brilliant concept rawzeee It's pretty magical. tranzer You living there? breitwoman @tranzer I'm US-based rawzeee I'm just here for awhile. Also US-based. nikandro Hi all, sorry if this has already been discussed, but have you spoken with any exchanges about adding Tezos? breitwoman @nikandro yes, but it's a pretty convoluted process one nice thing about tezos is that exchanges can act as delegates, which creates great incentives nikandro Do you expect to have any clarity on that prior to the ICO? tranzer How can exchanges act as delegates? breitwoman not sufficient to make an announcement but it's really not something I worry about techbytes really. Than perhaps Poloniex will add tezos. :slightly_smiling_face: breitwoman @tranzer you can assign your validation to an exchange's address nikandro While im interested in developing more than anything, I also understand that trading is a good tool for price discovery, which is critical. ryano You shouldn't have any trouble getting on an exchange and would be a low priority area to spend your energy while in development breitwoman they have to volunteer of course @nikandro of course, completely agree. Arthur was a market maker on Wall Street for 10 years he thinks about this... a lot @ryano that's what I've heard but people like to be assured that the token will have a marketplace, which is reasonable It does take a lot of energy and I've been lagging on that front Security and legal concerns were priority #1, we can iterate and grow the team pretty rapidly after the sale Having the Foundation build out and assume responsibilities for promoting the protocol will be much better than my one woman band :slightly_smiling_face: mike I'd expect Bittrex no problem. jakethepanda First alt-coin you bought? mike mastercoin nikandro Sorry to push the matter, but does this mean there will be no marketplace for Tezos after the ICO? breitwoman @nikandro apparently there will be a futures market running mike they can't announce if they did - exchanges have NDAs disallowing coins from announcing, leaving it up to the exchanges. djselery lol, even if they had an exchange lined up right now they probly couldnt talk about it nikandro @djselery , right, and I'm not asking for specifics, just wondering if implementation is in the pipeline. breitwoman @nikandro it is insofar as we have had many conversations/back and forth and its been very positive I can't say much else other than it's a cumbersome process nikandro Okay, thanks @breitwoman jakethepanda I'm sure Tezos will be on an exchange. I don't think that's even an issue. nikandro @jakethepanda I agree, I was just inquiring about the timeline and I think @breitwoman cleared that up. Many thanks. jakethepanda @breitwoman Pizza or Sushi? breitwoman @jakethepanda that's relative to location. In NY, I prefer pizza. Everywhere else, sushi :slightly_smiling_face: rawzeee^ good answer. jakethepanda Tesla or Mercedes? mward So @breitwoman 5000 TEZOS = 1 btc? and 20% discount for firat 400 btc raised dachshund will you be growing the team in NY, is mostly based in europe? nikandro For sure! In brooklyn, I do the dollar slice ride. Bike around to each vendor that sells dollar slices. yay, pizza! breitwoman To drive? Mercedes. Tesla's still don't have the handle I like :slightly_smiling_face: @dachshund they're based in Europe, primarily but I don't have any plans to leave the US sibars by the way, who designed the Tezos logo? rawzeee @mward no. 400 is the BTC blocks mined for the first bonus period; it's a time thing. But the ratio you've cited is correct. And then the bonus rate decreases by 5% every 400 blocks until 2000 BTC blocks are mined. (edited) breitwoman It's a character we found by looking through some libraries. I think it's a TZ symbol from a language that uses that combination often mward @rawzeee when will it start? rawzeee Though not a discount. It's a bonus. May 22nd at 6am UTC. mward thank you breitwoman Hey guys, I have to hop on a call in a little. 2 more questions and I'll have to wrap this up! moobox I don't have a question but i wish your group bon chance or however the French say . tranzer So little women in here stay a little longer :sob: ryano Thanks for hanging out and answering questions! jakethepanda Thanks @breitwoman http://slack.tezos.com/ breitwoman @moobox vielen dank @tranzer haha, I'll be back! moobox salutes like Benny Hill rawzeee The subreddit is where a lot of discussion happens too: https://reddit.com/tezos reddit tezos.com • tezos reddit: the front page of the internet techbytes Great AMA session. Thanks for stopping by and answering all the questions. Good luck on the project and I look forward to investing. breitwoman @ryano thanks for having me! and the very cordial convo boldninja @breitwoman thank you for taking the time for this AMA - I was just lurking, but all what I would ask was answered. I wish you all the best with ICO and I hope ARK and Tezos cooperate in the future. breitwoman Thanks guys! Yeah, feel free to bolster our Reddit mward Aurrevoir! dr10 thank you very much :smile: rawzeee Yes, thanks much everyone! So long! breitwoman @boldninja great to hear it! @dr10 thanks for the solid qs, really appreciate it dr10 np :smile: mike Thanks for stopping by, both of you, and taking the time to chat with us. look forward to participating in Tezos.
Tencent News: From 400 Yuan to 7000+ in only four years - why Bitcoin rise faster than real estate?
Google Translation below: http://money.qq.com/a/20170107/004046.htm 4年从200块暴涨到7000多 比特币为啥比房价涨得更快 理财要闻第一财经日报2017-01-07 08:10分享 118评论 今年上大三的学生小敏(化名)最近发现，自己曾经以200元一枚购买的比特币如今涨到7600多元一枚，超过了比特币在2013年底最疯狂时期的价格。 2013年初，还在念高二的小敏开始接触比特币，彼时，比特币刚刚进入境内公众的视野，200元已经是历史最高价。此后的一年里，比特币进入了过山车行情，价格首先一举突破7500元一枚，随后又暴跌至不足3000元。小敏没有选择加仓，而是对比特币账户弃之不顾，不料短短两年多，比特币又“王者归来”。 比特币采取7*24小时全天交易模式，根据比特币行情网站Btc123.com的数据，截至周三晚八点，比特币价格已经涨至7820元一枚，在过去一年里涨幅达到170%，仅在过去20天里就上涨了2000多元。 去年9月以来，比特币成交突然放量，根据国外网站Bitcoinity.org的统计，全球主要比特币交易平台的日均成交总量从60万枚放大到目前的600万枚左右，中间一度突破1300万枚。其中，来自中国的比特币中国、火币网和OKCoin三家平台就占成交总量的98%以上。 新一轮牛市来袭 2017年1月4日，比特币以7820元本轮最高价迎接了自己的生日。 OKCoin公司CEO徐明星告诉《第一财经日报》，“从短期来看，最近的涨幅其实很难分析，比特币最近的爆发是2013年以来长期积累的结果。资产价格都有周期性波动的特点，可能到了底部之后长期比较平，然后短时间内出现猛涨猛跌。” 他指出，国内交易平台虽然交易量很大，但不代表中国在国际比特币市场上的主导地位。由于国内平台之间竞争激烈，采取0交易佣金的模式，促使用户反复频繁买卖，形成了很大的交易量，实际上国内平台上比特币真实交易只占到全球的30%左右，大部分的比特币交易还是在国外。 中国社科院金融研究所所长助理杨涛认为，投资比特币的大多是专业的比特币投机者，多数普通居民目前没有参与其中。投资者也并没有将比特币作为一种货币进行交易，而是作为一种可投机的资产。跨境炒作的比例也不高，比特币还属于玩家圈子内部，投机者主要在境内。 2016年，在经历年初的下跌后，比特币在5月底的3天里价格从2950元拉升到3800元，涨幅超过25%。接下来在6月中旬，价格一度突破5000元大关后开始回调，8月以来，比特币价格一路走强。 2016年11月，印度总理莫迪宣布废除面值为500卢比和1000卢比的纸币，分别对应51元和102元人民币。与此同时，面对货币持续贬值和严重通货膨胀，委内瑞拉废除旧币，发行了面额更大的新纸币。 有分析人士指出，去年国际政治局势动荡时的资金避险需求可能推动了本轮比特币价格上涨。 招商证券研究员刘泽晶认为，随着人民币汇率波动风险和部分国家地区经济波动风险的增加，避险情绪促使资金涌入比特币投资市场。此外，随着比特币和区块链概念被越来越多人理解和关注，比特币的投资价值也得到了认可。 实际上，比特币上一轮暴涨就与资金避险和跨境资金流动有关。2013年3月，欧元区国家塞浦路斯宣布没收和冻结60%的居民储蓄，以换取欧洲央行的援助，随后当地就出现排队抢购比特币的现象，通过比特币将资产转移出境，两日之内就将比特币价格推高了20%。 暴涨后，各国监管者纷纷表示要对比特币交易征税，甚至是全面取缔比特币交易，没有一国政府承认比特币具有法币地位。 2013年12月5日，中国人民银行联合四部委发布《关于防范比特币风险的通知》(289号文)。《通知》要求，现阶段各金融机构和支付机构不得开展与比特币相关的业务，不得以比特币为产品或服务定价。 在各国监管者的围剿下，比特币投机之风受到沉重打击，价格从最高1040美元不到半年里暴跌至410美元，在2015年的大部分时间里都在200多美元徘徊。 不过，徐明星表示，“把每次下跌跟监管必然联系是选择性记忆，比特币最低时在2014年跌到了900多元，但是当时没有任何监管政策出台，下跌还是跟人们对比特币失去信心有关系。比特币价格上涨与资本管制也没有必然联系，历史上比特币大约20次上涨中，只有3次是因为资本管制。” 他认为，通过比特币实现换汇在理论上可以实现，也不排除有个别投资者通过这样的方式将人民币换成美元出境，但是操作难度和现实数据都表现出这并没有成为一个趋势，否则比特币的境内外的价格会形成持续扩大的价差，但目前价差最多也只有2%-3%。 1871/5000 4 Nián cóng 200 kuài bàozhǎng dào 7000 duō bǐtè bì wèi shà bǐ fángjià zhǎng de gèng kuài lǐcái yàowén dì yī cáijīng rìbào 2017-01-07 08:10 Fēnxiǎng 118 pínglùn jīnnián shàng dà sān de xuéshēng xiǎo mǐn (huàmíng) zuìjìn fāxiàn, zìjǐ céngjīng yǐ 200 yuán yī méi gòumǎi de bǐtè bì rújīn zhǎng dào 7600 duōyuán yī méi, chāoguòle bǐtè bì zài 2013 niándǐ zuì fēngkuáng shíqí de jiàgé. 2013 Niánchū, hái zài niàn gāo'èr de xiǎo mǐn kāishǐ jiēchù bǐtè bì, bǐ shí, bǐtè bì gānggāng jìnrù jìngnèi gōngzhòng de shìyě,200 yuán yǐjīng shì lìshǐ zuìgāo jià. Cǐhòu de yī nián lǐ, bǐtè bì jìnrùle guòshānchē hángqíng, jiàgé shǒuxiān yījǔ túpò 7500 yuán yī méi, suíhòu yòu bàodié zhì bùzú 3000 yuán. Xiǎo mǐn méiyǒu xuǎnzé jiā cāng, ér shì duìbǐtè bì zhànghù qì zhī bùgù, bùliào duǎn duǎn liǎng nián duō, bǐtè bì yòu “wángzhě guīlái”. Bǐtè bì cǎiqǔ 7*24 xiǎoshí quán tiān jiāoyì móshì, gēnjù bǐtè bì hángqíng wǎngzhàn Btc123.Com de shùjù, jiézhì zhōusān wǎn bā diǎn, bǐtè bì jiàgé yǐjīng zhǎng zhì 7820 yuán yī méi, zài guòqù yī nián lǐ zhǎngfú dádào 170%, jǐn zài guòqù 20 tiān lǐ jiù shàngzhǎngle 2000 duōyuán. Qùnián 9 yuè yǐlái, bǐtè bì chéngjiāo túrán fàngliàng, gēnjù guówài wǎngzhàn Bitcoinity.Org de tǒngjì, quánqiú zhǔyào bǐtè bì jiāoyì píngtái de rì jūn chéngjiāo zǒng liàng cóng 60 wàn méi fàngdà dào mùqián de 600 wàn méi zuǒyòu, zhōngjiān yīdù túpò 1300 wàn méi. Qízhōng, láizì zhōngguó de bǐtè bì zhōngguó, huǒ bì wǎng hé OKCoin sānjiā píngtái jiù zhàn chéngjiāo zǒng liàng de 98%yǐshàng. Xīn yī lún niúshì lái xí 2017 nián 1 yuè 4 rì, bǐtè bì yǐ 7820 yuán běn lún zuìgāo jià yíngjiēle zìjǐ de shēngrì. OKCoin gōngsī CEO xú míngxīng gàosu “dì yī cáijīng rìbào”,“cóng duǎnqí lái kàn, zuìjìn de zhǎngfú qíshí hěn nán fēnxī, bǐtè bì zuìjìn de bàofā shì 2013 nián yǐlái chángqí jīlěi de jiéguǒ. Zīchǎn jiàgé dōu yǒu zhōuqí xìng bōdòng de tèdiǎn, kěnéng dàole dǐbù zhīhòu chángqí bǐjiào píng, ránhòu duǎn shíjiān nèi chūxiàn měng zhǎng měng diē.” Tā zhǐchū, guónèi jiāoyì píngtái suīrán jiāoyì liàng hěn dà, dàn bù dàibiǎo zhōngguó zài guójì bǐtè bì shìchǎng shàng de zhǔdǎo dìwèi. Yóuyú guónèi píngtái zhī jiān jìngzhēng jīliè, cǎiqǔ 0 jiāoyì yōngjīn de móshì, cùshǐ yònghù fǎnfù pínfán mǎimài, xíngchéngle hěn dà de jiāoyì liàng, shíjì shang guónèi píngtái shàng bǐtè bì zhēnshí jiāoyì zhǐ zhàn dào quánqiú de 30%zuǒyòu, dà bùfèn de bǐtè bì jiāoyì háishì zài guówài. Zhōngguó shè kē yuàn jīnróng yánjiū suǒ suǒ cháng zhùlǐ yángtāo rènwéi, tóuzī bǐtè bì de dàduō shì zhuānyè de bǐtè bì tóujī zhě, duōshù pǔtōng jūmín mùqián méiyǒu cānyù qízhōng. Tóuzī zhě yě bìng méiyǒu jiàng bǐtè bì zuòwéi yī zhǒng huòbì jìnxíng jiāoyì, ér shì zuòwéi yī zhǒng kě tóujī de zīchǎn. Kuà jìng chǎozuò de bǐlì yě bù gāo, bǐtè bì hái shǔyú wánjiā quānzi nèibù, tóujī zhě zhǔyào zài jìngnèi. 2016 Nián, zài jīnglì niánchū de xiàdié hòu, bǐtè bì zài 5 yuèdǐ de 3 tiān lǐ jiàgé cóng 2950 yuán lā shēng dào 3800 yuán, zhǎngfú chāoguò 25%. Jiē xiàlái zài 6 yuè zhōngxún, jiàgé yīdù túpò 5000 yuán dà guān hòu kāishǐ huítiáo,8 yuè yǐlái, bǐtè bì jiàgé yīlù zǒuqiáng. 2016 Nián 11 yuè, yìndù zǒnglǐ mò dí xuānbù fèichú miànzhí wèi 500 lúbǐ hé 1000 lúbǐ de zhǐbì, fēnbié duìyìng 51 yuán hé 102 yuán rénmínbì. Yǔ cǐ tóngshí, miàn duì huòbì chíxù biǎnzhí hé yánzhòng tōnghuò péngzhàng, wěinèiruìlā fèichú jiù bì, fāxíngle miàn'é gèng dà de xīn zhǐbì. Yǒu fèn xī rénshì zhǐchū, qùnián guójì zhèngzhì júshì dòngdàng shí de zījīn bì xiǎn xūqiú kěnéng tuīdòngle běn lún bǐtè bì jiàgé shàngzhǎng. Zhāoshāng zhèngquàn yánjiùyuán liúzéjīng rènwéi, suízhe rénmínbì huìlǜ bōdòng fēngxiǎn hé bùfèn guójiā dìqū jīngjì bōdòng fēngxiǎn de zēngjiā, bì xiǎn qíngxù cùshǐ zījīn yǒng rù bǐtè bì tóuzī shìchǎng. Cǐwài, suízhe bǐtè bì hé qū kuài liàn gàiniàn bèi yuè lái yuè duō rén lǐjiě hé guānzhù, bǐtè bì de tóuzī jiàzhí yě dédàole rènkě. Shíjì shang, bǐtè bì shàng yī lún bàozhǎng jiù yǔ zījīn bì xiǎn hé kuà jìng zījīn liúdòng yǒuguān.2013 Nián 3 yuè, ōuyuán qū guójiā sāipǔlùsī xuānbù mòshōu hé dòngjié 60%de jūmín chúxù, yǐ huànqǔ ōuzhōu yāngháng de yuánzhù, suíhòu dāngdì jiù chūxiàn páiduì qiǎnggòu bǐtè bì de xiànxiàng, tōngguò bǐtè bì jiāng zīchǎn zhuǎnyí chūjìng, liǎng rì zhī nèi jiù jiāng bǐtè bì jiàgé tuī gāole 20%. Bàozhǎng hòu, gèguó jiānguǎn zhě fēnfēn biǎoshì yào duìbǐtè bì jiāoyì zhēng shuì, shènzhì shì quánmiàn qǔdì bǐtè bì jiāoyì, méiyǒu yī guó zhèngfǔ chéngrèn bǐtè bì jùyǒu fǎbì dìwèi. 2013 Nián 12 yuè 5 rì, zhōngguó rénmíng yínháng liánhé sì bùwěi fābù “guānyú fángfàn bǐtè bì fēngxiǎn de tōngzhī”(289 hào wén).“Tōngzhī” yāoqiú, xiàn jiēduàn gè jīnróng jīgòu hé zhīfù jīgòu bùdé kāizhǎn yǔ bǐtè bì xiāngguān de yèwù, bùdé yǐ bǐtè bì wèi chǎnpǐn huò fúwù dìngjià. Zài gèguó jiānguǎn zhě de wéijiǎo xià, bǐtè bì tóujī zhī fēng shòudào chénzhòng dǎjí, jiàgé cóng zuìgāo 1040 měiyuán bù dào bànnián lǐ bàodié zhì 410 měiyuán, zài 2015 nián de dà bùfèn shíjiān lǐ dōu zài 200 duō měiyuán páihuái. Bùguò, xú míngxīng biǎoshì,“bǎ měi cì xiàdié gēn jiānguǎn bìrán liánxì shì xuǎnzé xìng jìyì, bǐtè bì zuìdī shí zài 2014 nián diē dàole 900 duōyuán, dànshì dāngshí méiyǒu rènhé jiānguǎn zhèngcè chūtái, xiàdié háishì gēn rénmen duìbǐtè bì shīqù xìnxīn yǒu guānxì. Bǐtè bì jiàgé shàngzhǎng yǔ zīběn guǎnzhì yě méiyǒu bìrán liánxì, lìshǐ shàng bǐ tè bì dàyuē 20 cì shàngzhǎng zhōng, zhǐyǒu 3 cì shì yīnwèi zīběn guǎnzhì.” Tā rènwéi, tōngguò bǐ tè bì shíxiàn huàn huì zài lǐlùn shàng kěyǐ shíxiàn, yě bù páichú yǒu gèbié tóuzī zhě tōngguò zhèyàng de fāngshì jiāng rénmínbì huàn chéng měiyuán chūjìng, dànshì cāozuò nàn dù hé xiànshí shùjù dōu biǎoxiàn chū zhè bìng méiyǒu chéngwéi yīgè qūshì, fǒuzé bǐ tè bì de jìngnèi wài de jiàgé huì xíngchéng chíxù kuòdà de jiàchā, dàn mùqián jiàchā zuìduō yě zhǐyǒu 2%-3%. 4 years from the 200 soared to more than 7,000 bits of money why housing prices rose faster Financial News First Financial Daily News 118 comments This year, junior students on the small sensitive (a pseudonym) recently found that he had a 200 yuan to buy the bit currency is now up to more than 7600 yuan a bit, more than the bit of money at the end of 2013 the most crazy prices. In early 2013, still read sophomore Minmin began to contact Bitcoin, that time, Bitcoin has just entered the territory of public view, 200 is the highest price in history. The following year, the bit coins into the roller coaster market, the price of the first break in one fell swoop 7,500 yuan a, then plummeted to less than 3,000 yuan. Xiaomin did not choose jiacang, but disregard of the bitcoat account, only to more than two years, bitcoat and the "return of the king." Bitcoin to 7 * 24-hour day trading mode, according to the bitter currency market Btc123.com data, as of Wednesday night 8:00, Bitcoin prices have risen to 7820 yuan a year in the past year rose to 170% Only in the past 20 days has risen more than 2,000 yuan. Since last September, Bitcoin turnover suddenly heavy volume, according to foreign website Bitcoinity.org statistics, the world's major bit-currency trading platform, the average daily turnover from 600,000 to enlarge the current 600 million or so, the middle once exceeded 13 million . Among them, from China's Bitcoin China, the fire network and OKCoin three platforms accounted for more than 98% of the total turnover. A new round of bull market struck January 4, 2017, Bitcoin to 7820 yuan round of the highest price to meet his birthday. "In the short term, the recent gains are hard to analyze, and the recent outbreak of Bitcoin is the result of long-term accumulation since 2013. Asset prices are characterized by cyclical fluctuations," said Xu Mingxing, CEO of OKCoin. , May be to the bottom of the long-term comparison after the flat, and then a short period of time soared plummeted. He pointed out that the domestic trading platform, although a large volume of transactions, but does not represent China in the international Bitcoin market dominance. Due to intense competition among domestic platforms, to take 0 trading commission model, prompting users to frequent trading, the formation of a large trading volume, in fact, the domestic platform Bitcoin real transactions accounted for only about 30% of the world, most of the Bitcoin transactions or abroad. Yang Tao, assistant director of the Chinese Academy of Social Sciences Institute of Finance believes that most of the bitcoin investment is a professional bit coin speculators, most ordinary residents are not involved. Investors also did not trade Bitcoin as a currency, but as a speculative asset. The proportion of cross-border speculation is not high, Bitcoin also belongs to the player circle inside, mainly in the territory of speculators. In 2016, after the beginning of the fall, Bitcoin in the end of May 3 days price rose from 2950 yuan to 3800 yuan, or more than 25%. Then in mid-June, the price once exceeded 5,000 yuan mark after the callback, since August, bitcoat prices all the way strong. In November 2016, Indian Prime Minister Moody's announced the abolition of the face value of 500 rupees and 1000 rupees notes, corresponding to 51 yuan and 102 yuan. At the same time, the face of currency devaluation and severe inflation, Venezuela abolished the old coins, the issue of new denominations of larger denominations. Some analysts have pointed out that the international political turmoil last year, when the demand for safe-haven funds may promote the current round of bit-bit currency prices. Investment securities researcher Liu Zejing that, with the RMB exchange rate fluctuations and the risk of economic fluctuations in some countries and regions increased risk aversion to promote the influx of funds into the bitcoin investment market. In addition, Bitcoin is recognized for its investment value as bit-currency and block-chain concepts are understood and focused by more and more people. In fact, a bit of a bit of currency coins on hedge funds and cross-border capital flows. In March 2013, the euro zone countries Cyprus announced the confiscation and freezing of 60% of household savings in exchange for the European Central Bank assistance, followed by the local line up to appear on the phenomenon of bitcoin currency, through Bitcoin the assets transferred out of two days Will push bitcoin prices by 20%. After the surge, national regulators have said they want to tax the Bitcoin transactions, or even a total ban on Bitcoin transactions, no one government recognizes the Bitcoin currency status. December 5, 2013, the People's Bank of China jointly issued four ministries "on the prevention of bit-currency risk notification" (289). "Notice" requirements, at this stage of the financial institutions and payment institutions shall not carry out the business related to Bitcoin, not in the bit currency for products or services pricing. The speculative wind of bitcoin speculators has been hit hard by national regulators, with prices plummeting from $ 1,040 to $ 410 in less than half a year, hovering at more than $ 200 for most of 2015. However, XuXingXing said, "every fall with regulatory contact is selective memory, bitcoin lowest in 2014 fell to more than 900 yuan, but then there is no regulatory policy introduced, fell or with the people of bitcoin lost confidence The rise in Bitcoin prices is not necessarily linked to capital controls, with only about three of the roughly 20 uptick in the history of Bitcoin because of capital controls. He believes that currency exchange through the realization of the currency can be achieved in theory, does not rule out some individual investors in this way the yuan into the US dollar exit, but the difficulty of operation and real data show that this has not become a trend, otherwise Bitcoin prices will continue to expand the price spreads, but the current spread of up to only 2% -3%.
Last week we presented two experts who expressed optimism regarding Bitcoin, so now it’s the time of the pessimists; and similarly to last week, this time we also have one billionaire hedge fund manager and one prominent crypto investor.Evidently, they come in pairs. Ken Griffin, the billionaire manager of the hedge fund Citadel, asserted in an interview that not he nor his firm’s managers ... Bitcoin added nearly $15 billion in a single day by breaking the level of $5,000. The momentum for the price is strong and fundamentals have improved and it is only a matter of time before we see ... Dollar Cost Averaging (DCA) as a crypto investment method may not be the most thrilling way to speculate on the bitcoin price, but it is one of the most level-headed, according to proponents. Thursday morning, bitcoin surged past the $5,000 level pushing this year’s gains to more than fivefold, and sending shares of hardware companies linked to digital mining soaring. Bitcoin was trading at less than $1,000 last December. Since then, the cryptocurrency has dodged tightening regulations worldwide, warnings of fraud and eventual price collapse from big names […] Bitcoin coins placed on US dollar bank notes next to a computer keyboard. Photo: Reuters . Business Bitcoin closing in on US$10,000 as hedge funds pour into cryptocurrency. Topic Bitcoin. The ...
Bitcoin Bulls Charge, Hedge Fund Bitcoin, Big Money Is Here, Ethereum Worldwide & XRP Usage Rises
Bitcoin reached its high of $5,000 per #Bitcoin a price we haven't seen in a while. #Cryptocurrency #Altcoins. The U.S. Securities and Exchange Commission will decide whether to approve the first exchange-traded fund (ETF) for bitcoin by March 11. Cryptocurrencies are still difficult for most people to buy Bitcoin Bulls Charge, Hedge Fund Bitcoin, Big Money Is Here, Ethereum Worldwide & XRP Usage Rises ... This DeFi Coin Rose 5,000%!, Bitcoin Hit $10,000, OMG Japan, CZ Says Stuff, NEM Hub & Prices ... Legendary Hedge Fund Starts Trading Bitcoin ... How to start a crypto hedge fund - Duration: 41:48. Reese Jones 2,305 views. 41:48. One of the most important things to understand when trading # ... There are now 50 cryptocurrency hedge funds as Bitcoin surpasses Netflix and PayPal in market cap and is coming up on Morgan Stanley which is truly a sign of the times we live in, where ...