The Bitcoin Volatility Index Price and More

Bitcoin instability continues, nosedives to below $10,000

Bitcoin instability continues, nosedives to below $10,000 submitted by AmySharpton to mashable [link] [comments]

Why 'stable coins' are no answer to bitcoin's instability: New cryptocurrencies such as Tether may be pegged to the dollar, but they have big flaws

Why 'stable coins' are no answer to bitcoin's instability: New cryptocurrencies such as Tether may be pegged to the dollar, but they have big flaws submitted by lughnasadh to Futurology [link] [comments]

Why 'stable coins' are no answer to bitcoin's instability

Why 'stable coins' are no answer to bitcoin's instability submitted by GriffonsChainsaw to technology [link] [comments]

Stablecoins Won't Fix Bitcoin's Instability: Berkeley Prof

Stablecoins Won't Fix Bitcoin's Instability: Berkeley Prof submitted by ABitcoinAllBot to BitcoinAll [link] [comments]

[Tech] - Why 'stable coins' are no answer to bitcoin's instability

[Tech] - Why 'stable coins' are no answer to bitcoin's instability submitted by AutoNewsAdmin to GUARDIANauto [link] [comments]

Opinion: stablecoins are no answer to bitcoin's instability #cryptocurrency #crypto #altcoin https://t.co/1Th7fEuFg0 - Crypto Insider Info - Whales's

Posted at: September 13, 2018 at 08:37PM
By:
Opinion: stablecoins are no answer to bitcoin's instability #cryptocurrency #crypto #altcoin https://t.co/1Th7fEuFg0
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Bitcoins instability wont be cured by Stablecoin: Berkley Professor

Bitcoins instability wont be cured by Stablecoin: Berkley Professor submitted by ABitcoinAllBot to BitcoinAll [link] [comments]

Bitcoins instability wont be cured by Stablecoin: Berkley Professor

Bitcoins instability wont be cured by Stablecoin: Berkley Professor submitted by cryptoallbot to cryptoall [link] [comments]

Stablecoins Won't Fix Bitcoin's Instability: Berkeley Prof

Stablecoins Won't Fix Bitcoin's Instability: Berkeley Prof submitted by Madginger_official to Bitcoin [link] [comments]

RESEARCH REPORT ABOUT ARYACOIN

RESEARCH REPORT ABOUT ARYACOIN
Author: Gamals Ahmed, CoinEx Business Ambassador

https://preview.redd.it/a7jv4azk86u51.jpg?width=1600&format=pjpg&auto=webp&s=e4a4dbb5afacd5747076beaa59e6343b805c3392

ABSTRACT

Aryacoin is a new cryptocurrency, which allows for decentralized, peer to peer transactions of electronic cash. It is like Bitcoin and Litecoin, but the trading of the coin occurs on sales platforms that have no restriction to use. Further, it was created with the goal of addressing the double spend issues of Bitcoin and does so using a timestamp server to verify transactions. It works by taking the hash of a block of items to be timestamped and widely publishing the hash. The timestamp proves that the data must have existed at the time in order to get the hash. Each timestamp then includes the previous timestamp in its hash, forming a chain.
The Aryacoin team is continuously developing new use cases for the coin, including exchanges where users can exchange the coins without any fees or restrictions, and offline options where the coins can be bought and sold for cash. The coins can also be used on the company’s other platform, mrdigicoin.io. Along with the coin, there is a digital wallet that can be created and controlled by the user entirely, with no control being retained by the Aryacoin team.

1.INTRODUCTION

The concept of Blockchain first came to fame in October 2008, as part of a proposal for Bitcoin, with the aim to create P2P money without banks. Bitcoin introduced a novel solution to the age-old human problem of trust. The underlying blockchain technology allows us to trust the outputs of the system without trusting any actor within it. People and institutions who do not know or trust each other, reside in different countries, are subject to different jurisdictions, and who have no legally binding agreements with each other, can now interact over the Internet without the need for trusted third parties like banks, Internet platforms, or other types of clearing institutions.
When bitcoin was launched it was revolutionary allowing people to transfer money to anytime and anywhere with very low transaction fees . It was decentralized and their is no third party involved in the transaction , only the sender and receiver were involved.
This paper provide a solution to the double-spending problem using a peer-to-peer distributed timestamp server to generate computational proof of the chronological order of transactions.The system is secure as long as honest nodes collectively control more CPU power than any cooperating group of attacker nodes. Bitcoin was made so that it would not be controlled or regulated but now exchanges and governments are regulating bitcoin and other cryptocurrencies at every step. Aryacoin was developed to overcome these restrictions on a free currency.
Aryacoin is a new age cryptocurrency, which withholds the original principle on which the concept of cryptocurrency was established. Combining the best in blockchain technology since the time of its creation, Aryacoin strives to deliver the highest trading and mining standards for its community.

1.1 OVERVIEW ABOUT ARYACOIN

Aryacoin is a new age cryptocurrency, which withholds the original principle on which the concept of cryptocurrency was established. Combining the best in blockchain technology since the time of its creation, Aryacoin strives to deliver the highest trading and mining standards for its community.
Aryacoin is a blockchain based project that allows users to access their wallet on the web and mobile browsers, using their login details.
Aryacoin can be mined; it also can be exchanged by other digital currencies in several world-famous exchanges such as Hitbtc, CoinEx, P2pb2b, WhiteBit, Changelly and is also listed in reputable wallets such as Coinomi and Guarda.
Aryacoin is a coin, which can be used by anyone looking to use cryptocurrency which allows them to keep their privacy even when buying/selling the coin along with while using the coin during transactions. Proof of work and cryptographic hashes allows transactions to verified.
Stable Fee Per AYA is a unique feature of Aryacoin, so by increasing the amount or volume of the transaction, there is no change in the fee within the network, which means that the fee for sending an amount less than 1 AYA is equal to several hundred million AYA. Another unique feature of Aryacoin is the undetectability of transactions in Explorer, such as the DASH and Monero, of course, this operation is unique to Aryacoin.
Using Aryacoin digital currency, like other currencies, international transactions can be done very quickly and there are no limitations in this area as the creators claim.
Aryacoin aims to allow users to access the Aryacoin wallet via the web and mobile browsers using their login details.
Aryacoin is a peer-to-peer electronic cash system that enables users to send and receive payments directly from one party to another, and allow them to transfer funds across borders with no restriction or third party involvement. The blockchain-based system embraces the digital signature, which prevents double spending and low transfer fees, which enables users to transfer huge amounts with very low fees. The proof-of-work consensus mechanism allows each transaction to be verified and confirmed, while anonymity enables users to use the coin anywhere at any time.
According to the website of the operation, each wallet is divided into 2 or more AYA wallet addresses for each transaction, and depending on the volume of the transaction block, the origin, and destination of transactions in the network can not be traced and displayed to the public.
In fact, each wallet in Aryacoin consists of a total of several wallets. The number of these wallets increases per transaction to increase both security and privacy. Aryacoin also uses the dPoW protocol. In the dPoW protocol, a second layer is added to the network to verify transactions, which makes “51% attack” impossible even with more than half of the network hash, and blocks whose Blockchain uses this second layer of security never run the risk of 51% attacks.
AYA has been listed on a number of crypto exchanges, unlike other main cryptocurrencies, it cannot be directly purchased with fiats money. However, You can still easily buy this coin by
first buying Bitcoin from any large exchanges and then transfer to the exchange that offers to trade this coin.

1.1.1 ARYACOIN HISTORY

Aryacoin (AYA) is a new cryptocurrency, which has been created by a group of Iranian developers, is an altcoin which allows for decentralised, peer to peer transactions of electronic cash without any fees whatsoever. Along with the coin, there is a digital wallet that can be created and managed by the user entirely, with no control being retained by the Aryacoin team.
Aryacoin’s founder, Kiumars Parsa, has been a fan of alternative currencies and particularly Bitcoin.
We see people from all around the world using Blockchain technology and the great benefits that came with it and it then that I decided to solve this puzzle for find a way of bringing the last missing piece to the jigsaw. The idea for Aryacoin was born.” Parsa said.
Parsa and his team of Iranian ex-pats not only persevered but expedited the project and just a year later, in the summer of 2019, the first version of Aryacoin was released. In 2020, Aryacoin is the first and only Iranian coin listed on CMC.
Parsa goes on to state that it is now the strength of the community that has invested in the coin that will ultimately drive its success, alongside its robust technology and appealing 0% network fees.
We have thousands of voices behind Aryacoin. People for the people make this coin. It is a massive shout out for democracy. This had made us base the whole team strategy on the benefits for both our users and our traders.
One key example is that the network fee on AYA Blockchain is 0%. Yes, absolutely nothing, which which differentiates us from other networks. What also differentiates us from other coins is that we have AYAPAY which is the first cryptocurrency Gateway in the world which does not save funds on third party storage with all funds being forwarded directly to any wallet address that the Gateway owner requests”.
So for the first time ever, and unlike other gateways, incoming funds will be saved on the users account with submitted withdrawal requests then made on the Gateway host website. In AYAPAY which has also been developed by the Aryacoin team, all funds without extra fees or extra costs will directly forwarded to users wallets. We have named this technology as CloudWithdrawal.
We are continuously challenging ourselves as it is a crowded marketplace. We are striving to have a safer Blockchain against 51% attacks, faster confirmations speeds of transactions, cheaper network fee, growing the market by cooperation with Top tier Exchangers.

1.1.2 ARYACOIN’S MAIN GOAL

Aryacoin’s main goal is to educate people and give them the freedom to use cryptocurrency in any way they want. Aryacoin empowers the users to transfer, pay, trade cryptocurrency from any country around the globe.
Platforms that have been created by Aryacoin Team, as well as those that will go live in future, operate on the same principle and exclude absolutely no one.

1.1.3 PROBLEM ARYACOIN SEEKS TO SOLVE

Aryacoin aims to provide a long-term solution to the problem of double spending, which is still common in the crypto market. The developers of the system have created a peer-to-peer distributed timestamp server that generates computational proof of the transactions as they occur.
Besides, the system remains secure provided honest nodes control more CPU power than any cooperating group of attacker nodes. While Bitcoin was designed not to be regulated or controlled, many exchanges and governments have put regulatory measures on the pioneer cryptocurrency at every step. Aryacoin aims to overcome these restrictions as a free digital currency.

1.1.4 BENEFITS OF USING ARYACOIN

Aryacoin solution offers the following benefits:
  • Real-time update: whether you’re going on a holiday or a business trip, no problem. You can access your coins all over the world.
  • Instant operations: Aryacoin makes it quite easy for you to use your digital wallet and perform various operations with it.
  • Safe and secure: all your data is stored encrypted and can only be decrypted with your private key, seed, or password.
  • Strong security: The system has no control over your wallet. You are 100% in charge of your wallet and funds.

1.1.5 ARYACOIN FEATURES

1. Anonymity
The coin provides decent level of anonymity for all its users. The users can send their transactions to any of the public nodes to be broadcasted , the transaction sent to the nodes should be signed by the private key of the sender address . This allows the users to use the coin anywhere any time , sending transactions directly to the node allows users from any place and country .
2. Real Life Usage
aryacoin’s team is continuously developing new and innovative ways to use the coins , they are currently developing exchanges where the users can exchange the coins without any fees and any restrictions . They also are currently developing other innovative technologies, which would allow users to spend our coins everywhere and anywhere.
3. Offline Exchanges
They are also working with different offline vendors which would enable them to buy and sell the coins directly to our users on a fixed/variable price this would allow easy buy/sell directly using cash . This would allow the coins to be accessible to users without any restrictions which most of the online exchanges have, also increase the value and number of users along with new ways to spend the coin. This would increase anonymity level of the
coin. In addition, introduce new users into the cryptomarket and technology. Creating a revolution, which educates people about crypto and introduce them to the crypto world, which introduces a completely new group of people into crypto and a move towards a Decentralized future!
4. Transactions
When it comes to transactions, Aryacoin embraces a chain of digital signatures, where each owner simply transfers the coin to the next person by digitally signing a hash of the previous transaction and the public key of the next owner. The recipient can then verify the signatures to confirm the chain of ownership. Importantly, Aryacoin comes with a trusted central authority that checks every transaction for double spending.
5. Business Partner with Simplex
Aryacoin is the first and only Iranian digital currency that managed to obtain a trading license in other countries.
In collaboration with the foundation and financial giant Simplex, a major cryptocurrency company that has large companies such as Binance, P2P, Changelly, etc. Aryacoin has been licensed to enter the world’s major exchanges, as well as the possibility of purchasing AYA through Credit Cards, which will begin in the second half of 2020.
Also, the possibility of purchasing Aryacoin through Visa and MasterCard credit cards will be activated simultaneously inside the Aryacoin site. plus, in less than a year, AYA will be placed next to big names such as CoinCapMarket, Coinomi, P2P, Coinpayments and many other world-class brands today.

1.1.6 WHY CHOOSE ARYACOIN?

If you want to use a cryptocurrency that allows you to keep your privacy online even when buying and selling the coins, the Aryacoin team claims that AYA is the way to go. Aryacoin is putting in the work: with more ways to buy and sell, and fixing the issues that were present in the original Bitcoin, plus pushing the boundaries with innovative solutions in cryptocurrencies. You can get started using Aryacoin (AYA) payments simply by having a CoinPayments account!

1.1.7 ARYANA CENTRALIZED EXCHANGE

Aryana, the first Iranian exchange is a unique platform with the following features:
  • The first real international Persian exchange that obtains international licenses and is listed in CoinMarketCap.
  • The first Iranian exchange that has been cooperating with a legal and European exchange for 3 years.
  • The possibility of trading in Tomans (available currency in Iran) at the user’s desired price and getting rid of the transaction prices imposed by domestic sites inside Iran.
  • There is an internal fee payment plan by Iranian domestic banks for depositing and withdrawing Tomans for Aryacoin holders in Aryana Exchange.
  • The number that you see on the monitor and in your account will be equal to the number that is transferred to your bank account without a difference of one Rial.
  • The last but not least, noting the fact that there is a trading in Tomans possibility in Aryana exchange.
Aryana Exchange is using the most powerful, fastest, and most expensive server in the world, Google Cloud Platform (GCP), which is currently the highest quality server for an Iranian site, so that professional traders do not lag behind the market even for a second.
The feature of Smart Trading Robots is one of the most powerful features for digital currency traders. Digital cryptocurrency traders are well aware of how much they will benefit from smart trading robots. In the Aryana exchange, it is possible to connect exchange user accounts to intelligent trading bots and trade even when they are offline.
The injection of $ 1 million a day in liquidity by the WhiteBite exchange to maintain and support the price of Tether and eliminate the Tether fluctuations with Bitcoin instabilities used by profiteers to become a matter of course.

1.1.8 HOW DOES ARYACOIN WORK?

Aryacoin (AYA) tries to ensure a high level of security and privacy. The team has made sure to eliminate any trading restrictions for the network users: no verification is required to carry out transactions on AYA, making the project truly anonymous, decentralized, and giving it a real use in day-to-day life. The Delayed-Proof-of-Work (dPoW) algorithm makes the Aryacoin blockchain immune to any attempts of a 51% attack. AYA defines a coin as a chain of digital signatures — each owner transfers the coin to the next owner by digitally signing the hash of the previous transaction and the public key of the next owner, and the receiver verifies the signatures and the chain of ownership.

2. ARYACOIN TECHNOLOGY

2.1 PROOF-OF-WORK

They use a proof-of-work system similar to Adam Back’s Hashcash to implement a distributed timestamp server on a peer-to-peer basis, rather than newspaper or Usenet publications. The proof-of-work involves scanning for a value that when hashed, such as with SHA-256, the hash begins with a number of zero bits. The average work required is exponential in the number of zero bits required and can be verified by executing a single hash.
For their timestamp network, they implement the proof-of-work by incrementing a nonce in the block until a value is found that gives the block’s hash the required zero bits. Once the CPU effort has been expended to make it satisfy the proof-of-work, the block cannot be changed without redoing the work. As later blocks are chained after it, the work to change the block would include redoing all the blocks after it.
The proof-of-work also solves the problem of determining representation in majority decision making. If the majority were based on one-IP-address-one-vote, it could be subverted by anyone able to allocate many IPs. Proof-of-work is essentially one-CPU-one-vote. The majority decision is represented by the longest chain, which has the greatest proof-of-work effort invested in it. If honest nodes control a majority of CPU power, the honest chain will grow the fastest and outpace any competing chains. To modify a past
block, an attacker would have to redo the proof-of-work of the block and all blocks after it, then catch up with, and surpass the work of the honest nodes.

2.2 NETWORK

The steps to run the network are as follows:
  • New transactions are broadcast to all nodes.
  • Each node collects new transactions into a block.
  • Each node works on finding a difficult proof-of-work for its block.
  • When a node finds a proof-of-work, it broadcasts the block to all nodes.
  • Nodes accept the block only if all transactions in it are valid and not already spent.
This is a very simple system that makes the network fast and scalable, while also providing a decent level of anonymity for all users. Users can send their transactions to any of the public nodes to be broadcast, and the private key of the sender’s address should sign any transaction sent to the nodes. This way, all transaction info remains strictly confidential. It also allows users to send transactions directly to the node from any place at any time and allows the transferring of huge amounts with very low fees.

2.3 AYAPAY PAYMENT SERVICES GATEWAY:

According to creators Aryacoin, the development team has succeeded in inventing a new blockchain technology for the first time in the world, which is undoubtedly a big step and great news for all digital currency enthusiasts around the world.
This new technology has been implemented on the Aryacoin AYAPAY platform and was unveiled on October 2. AYAPAY payment platform is the only payment gateway in the world that does not save money in users’ accounts and transfers incoming coins directly to any wallet address requested by the gateway owner without any additional transaction or fee.
In other similar systems or even systems such as PayPal, money is stored in the user account.

2.4 CONSENSUS ALGORITHM IN ARYACOIN

The devs introduced the Delayed-Proof-of-Work (dPoW) algorithm, which represents a hybrid consensus method that allows one blockchain to take advantage of the security provided by the hashing power of another blockchain. The AYA blockchain works on dPoW and can use such consensus methods as Proof-of-Work (PoW) or Proof-of-Stake (PoS) and join to any desired PoW blockchain. The main purpose of this is to allow the blockchain to continue operating without notary nodes on the basis of its original consensus method. In this situation, additional security will no longer be provided through the attached blockchain, but this is not a particularly significant problem. dPoW can improve the security level and reduce energy consumption for any blockchain.

2.5 DOUBLE-SPEND PROBLEM AND SOLUTION

One of the main problems in the blockchain world is that a receiver is unable to verify whether or not one of the senders did not double-spend. Aryacoin provides the solution, and has established a trusted central authority, or mint, that checks every transaction for double-spending. Only the mint can issue a new coin and all the coins issued directly from the mint are trusted and cannot be double-spent. However, such a system cannot therefore
be fully decentralized because it depends on the company running the mint, similar to a bank. Aryacoin implements a scheme where the receiver knows that the previous owners did not sign any earlier transactions. The mint is aware of all transactions including which of them arrived first. The developers used an interesting solution called the Timestamp Server, which works by taking a hash of a block of items to be ‘timestamped’ and publishing the hash. Each timestamp includes the previous timestamp in its hash, forming a chain. To modify a block, an attacker would have to redo the proof-of-work of all previous blocks, then catch up with, and surpass the work of the honest nodes. This is almost impossible, and makes the network processes more secure. The proof-of-work difficulty varies according to circumstances. Such an approach ensures reliability and high throughput.

3. ARYACOIN ROADMAP

April 2019: The launch of Aryacoin; AYA ICO, resulting in over 30BTC collected
December 2019: The launch of AYA Pay
April 2020: The successful Hamedan Hardfork, supported by all AYA exchanges, aimed at integrating the dPoW algorithm, improving the security of the AYA blockchain.
June 2020: Aryana Exchange goes live, opening more trading opportunities globally
July 2020: The enabling of our Coin Exchanger
November 2020: The implementation of Smart Contracts into the Aryacoin Ecosystem
Q1 2021: Alef B goes live (more details coming soon)

4. THE NUCYBER NETWORK COMMUNITY & SOCIAL

Website: https://aryacoin.io/
Explorer: https://explorer.aryacoin.io/
Github: https://github.com/Aryacoin/Aryacoin
Twitter: 1.1k followers https://twitter.com/AryacoinAYA
Reddit: 442 members https://github.com/nucypher
Instagram: 3.8k followers https://www.instagram.com/mrdigicoin/ Telegram: 5.9k subscribers https://t.me/AYA_Global

5. SUMMARY

Aryacoin (AYA) is a new age cryptocurrency that combines the best of the blockchain technology and strives to deliver high trading and mining standards, enabling users to make peer-to-peer decentralized transactions of electronic cash. Aryacoin is part of an ecosystem that includes payment gateway Ayapay and the Ayabank. AYA has a partnership with the Microsoft Azure cloud platform, which provides the ability to develop applications and store data on servers located in distributed data centers. The network fee for the AYA Blockchain is 0%. In Ayapay service, which has been developed by the Aryacoin team, all funds without extra fees or costs are directly forwarded to users’ wallets with technology called CloudWithdrawal. The devs team is introducing new use cases including exchanges where users will exchange AYA without any restrictions. You can buy AYA on an exchange of your choice, create an Aryacoin wallet, and store it in Guarda.

6. REFERENCES

1) https://coincodex.com/crypto/aryacoin/
2) https://www.icosandstos.com/coin/Aryacoin%20AYA/YuXO60UPF3
3) https://www.publish0x.com/iran-and-cryptocurrency/a-brief-introduction-of-aryacoin-first-ever-iranian-cryptocu-xoldlom
4) https://techround.co.uk/cryptocurrency/aryacoin-the-digital-currency-created-by-iranians/
5) https://bitcoinexchangeguide.com/aryacoin/
6) https://blog.coinpayments.net/coin-spotlight/aryacoin
7) https://guarda.com/aryacoin-wallet
submitted by CoinEx_Institution to Coinex [link] [comments]

On the Instability of Bitcoin Without the Block Reward

My main long term concern with Bitcoin has, for awhile, been the question of what happens when the block reward / subsidy gets close to zero. I have heard many reasonable concerns expressed about the prospect of a bitcoin without block subsidies, and no convincing rebuttals.
So on this eve of the third halving, I'd like to raise this concern for discussion. To facilitate the discussion, I want to share a paper I'm currently reading, titled 'On the Instability of Bitcoin Without the Block Reward'. (PDF) Basically, they argue that in this scenario, option two can potentially be more profitable for a miner than option one. If you don't intuitively see it, I'd recommend reading at least the first page or so of the paper for a description of the problem.
I'd also like to note, explicitly, this paper isn't arguing that fees can't replace block rewards. It's saying that this problem exist even if fees replace block rewards 1:1.
That said, I do also worry that fees will have a very hard time replacing block rewards. Right now, even after the halving, each block is worth over 50,000 USD. Since a block can contain at most about 6,000 transactions, you're looking at fees of about 8 USD per transaction, absolute minimum. Even for opening/closing a Lightning Channel, that feels high. Sure, it'd be nothing to large institutions, but is that the future we want for bitcoin, a chain that prices out common users? And while it's true that the chain could operate with less rewards going to miners overall, that would have negative implications for security and transaction finality.
Worse yet, it seems, is that without a subsidy, the security of the chain absolutely depends on this fee market developing. There needs to be a backlog of transactions for the chain to function function. Clearing the mempool becomes bad because 1 sat/byte fees aren't going to be adequate to secure the chain.
So those are my thoughts on this. What are yours? I'd love to see some good and polite discussion around this topic, either around the specific concerns I've raised, or other concerns related to block subsidy reductions.
submitted by MoneroArbo to CryptoCurrency [link] [comments]

Any one else experiencing instability with the blockchain wallet? (x-post from /r/Bitcoin)

submitted by ASICmachine to CryptoCurrencyClassic [link] [comments]

Given the instability of the Lebanese banking system have any locals decided to buy Bitcoin?

I see mixed reports "15K USD Bitcoin in Lebanon" "No the Lebanese are not buying Bitcoin..." can someone on the ground give some insight as to whats going on there regarding crypto? Is anyone using USDT? or DAI? or any other form of crypto? Thanks In Advance [serious answers from locals please!]
submitted by Madcapslaugh to lebanon [link] [comments]

**DOLLERO NEWS** Can Bitcoin benefit from the instability of the monetary system?...The Covid-19 pandemic has caused people's daily lives to change completely for a while. However, the monetary policies of central banks around the world have also changed, which may suit Bitcoin in the long run 🏦🔥

**DOLLERO NEWS** Can Bitcoin benefit from the instability of the monetary system?...The Covid-19 pandemic has caused people's daily lives to change completely for a while. However, the monetary policies of central banks around the world have also changed, which may suit Bitcoin in the long run 🏦🔥 submitted by DolleroTechnology to u/DolleroTechnology [link] [comments]

There is no doubt that the world is entering a period of financial instability. That is why it is more important than ever to understand how Bitcoin works. Save $1.99 and get The Crypto Mindset, a beginner's guide to the world of cryptocurrencies - free today on Kindle!

submitted by IvicaMil to FreeEBOOKS [link] [comments]

Do you guys think that the price increase is due to the instability of markets because of the markets? Do you think bitcoin will be everyone's hold during the upcoming recession?

Do you guys think that the price increase is due to the instability of markets because of the markets? Do you think bitcoin will be everyone's hold during the upcoming recession? submitted by Patagonia246 to Bitcoin [link] [comments]

What does the US government shutdown mean for ETH?

edit: Government shutdowns are a somewhat regular occurrence and not usually catastrophic. However, this shutdown is certain to delay any government regulation of crypto in the US as well as delay any approval of derivative financial instruments. This article further speculates the possibility that distrust in government may inspire trust in decentralized currencies as an alternative
History shows that when anarchy breaks out, Bitcoin's value skyrockets. But does ETH's value jump? Will the government shutdown in the US be reflected in crypto prices?

TL;DR - ETH has not historically been used as a "safe haven" asset when anarchy breaks out. Bitcoin was the defacto "safe" crypto that Zimbabwe and Venezuela relied on in 2017. Based on that, a government shutdown is most likely to positively effect Bitcoin price if it affects crypto prices at all. ETH price is historically correlated to Bitcoin price and will likely track BTC price movements

When economies become unstable, Bitcoin instability seems more palatable and Bitcoin becomes a substitute currency. Obviously, if a national currency might fall 90% in a year, Bitcoin's 30% tumble in a week seems pretty tolerable to that nation. We saw this in Venezuela and Zimbabwe in 2017.
In the past, people looked to gold as a "safe haven" asset for when sh#t got cray. Most informed investors don't store value in gold for its stability (everyone has seen the charts and knows its volatile). They stored value in it because of its supposed lack of correlation to other financial asset. The belief is that if modern markets fail, the USD crashes, banks meltdown and anarchy ensues, then gold will retain its value because gold has decentralized trust in it's value - proven by thousands of years of decentralized currency exchange.
Similar to the anarchist value of gold, Bitcoin has value in anarchy. That's why it skyrocketed in price when financial anarchy broke out in Venezuela and Zimbabwe. But here's the thing: When utter hell breaks lose, you can't buy gold - gold became centralized when the central banks and exchanges became the only way to buy or sell gold. But if you can connect to the internet, you can buy Bitcoin. And so many Zimbabweans and Venezuelans did when all else was falling apart.
You can see that the needed stability to be a good "store of value" isn't just about current price volatility, but rather, in an implied trust that somebody, somewhere will be willing to buy my Bitcoin's if I f*#cking need to sell them f%!king now.
Can ETH have the same anarchist value? I don't know. Historically, ETH isn't a currency of choice in times of chaos but it does tend track BTC price. In the future, it depends on Dapps. A Dapp network that supports Crypto Kitties doesn't seem too valuable when your own real cat just got blown to pieces by insurgents. Let's hope that 2018 brings smart contracts that we can rely on when we can't even rely on our own government
submitted by admin_default to ethtrader [link] [comments]

Chances are we're entering a period of financial instability. If you always wanted to find out how Bitcoin works, you can do it now by reading The Crypto Mindset - get your beginner's guide to cryptocurrencies free on Kindle for the next 24 hours!

submitted by IvicaMil to FreeEBOOKS [link] [comments]

Monetary Instability Will Lead Bitcoin To Replace Gold

Monetary Instability Will Lead Bitcoin To Replace Gold submitted by CryptoCrunchApp to CryptoCrunchApp [link] [comments]

Is Bitcoin a Safe-Haven Asset in Times of Market Instability and in the Midst of the Coronavirus?

Is Bitcoin a Safe-Haven Asset in Times of Market Instability and in the Midst of the Coronavirus? submitted by n4bb to CoinPath [link] [comments]

Is world instability in favour of Bitcoin?

From my past experience, I see BTC price hikes up once something crazy happens in the world and price goes down once situation gets stable.
submitted by RomanEmpire75 to Bitcoin [link] [comments]

Is China just making a temporary bubble?

Just want to hear your opinions. Though I believe Bitcoin is the future (for the open-minded), I'm afraid this surge is just a temporary bubble to accommodate China's economic disparity.
I've only been able to invest in 5.6 bitcoins cause Burger King has horrible pay, but I would love to earn a little by selling at the top of the bubble and buying when it (if it crashes again temporarily) .
Obviously no one knows what that is, but my question is when do you guys believe it would be good to sell.
Furthermore, am I going against my belief in Bitcoin by trying to take advantage of this? I do want to earn a little money but I don't want to abuse Bitcoin instability.
submitted by paulmanuel320 to Bitcoin [link] [comments]

BITCOIN MEGA PLAN 220% AFTER 6 HOURS PREMIUMPROFIT ... CCS 2016 - On the Instability of Bitcoin Without the Block Reward When You Lose $1.99 In Bitcoin - YouTube Bitcoin Instability After We Are All Dead Bitcoin Q&A: Price volatility, pegging, stability

Bitcoin and Global Instability, Plus ETH, LTC, BSV and ETC: SFOX Report. by SFOX Research Team. August 8, 2019 . in HodlX ‏‏‎ ‏‏‎ ‏‏‎ ‏‏‎ HodlX Guest Post Submit Your Post . ADVERTISEMENT. Summary. The SFOX Multi-Factor Market Index has moved from mildly bullish to neutral as of August 5th, 2019. The S&P 500 is currently negatively correlated with all leading ... Bitcoin instability remains. April 6, 2020. 0. The virtual currency market, as well as the ordinary financial markets, is currently experiencing strong volatility under the pressure of the current coronavirus pandemic. For cryptocurrencies, however, a price fluctuation is a normal and natural phenomenon. Thus, some analysts liken the current Forex market volatility to the virtual currency ... Bitcoin Has Emerged in This Context of Instability. Bitcoin was launched on January 3, 2009 by the mysterious Satoshi Nakamoto. He conceived Bitcoin as a response to the financial and banking ... On the Instability of Bitcoin Without the Block Reward Miles Carlsten [email protected] Harry Kalodner [email protected] S. Matthew Weinberg [email protected] Arvind Narayanan [email protected] ABSTRACT Bitcoin provides two incentives for miners: block rewards and transaction fees. The former accounts for the vast ma-jority of miner revenues at the beginning of ... Bitcoin has demonstrated a remarkable stability in recent weeks. Since early September, it has traded in the range of $6000-$6500. Fundamentally, price stability should be a bullish sign for Bitcoin.

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Crypto Stability Hamish Webb. Loading... Unsubscribe from Hamish Webb? ... How Does BitCoin Work? - Duration: 4:10. BrainStuff - HowStuffWorks 1,943,725 views. 4:10. History of the Internet ... Exchange rates in Bitcoin. Bitcoin is traded on international markets against 30-45 national currencies, in real-time. It's affected by fluctuations between those currencies indirectly. The ... In late 2016, a group of Princeton researchers published a paper entitled, "On the Instability of Bitcoin Without the Block Reward," with intriguing analysis on a rational miner's behavior when ... Authors: Miles Carlsten, Harry Kalodner, S. Matthew Weinberg and Arvind Narayanan (Princeton University) presented at CCS 2016 - the 23rd ACM Conference on Computer and Communications Security ... The Cryptocurrency world is all coming to an end, or at least Blader Seacrest thinks so. See how Blader deals with the loss of his parents bank account. Inst...

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