Bitcoin must be able to survive with its hard-coded monetary policy: the two production halvings that will occur in the next five years will tell us whether this monetary policy can work. It is essential to provide transaction density through economic activity on the side chain and the second-tier network. Auctioning future block space requirements through futures contractIs Bitcoin mining legal?s will also help the entire market (if there is a predictable demand for futures settlement).
According to current estimates, the marginal cost of mining a bitcoin in the United States is about 4,700 US dollars, while in the United States, it is only about 3,000 US dollars, and it is easier to buy mining machines. Even if the price of Bitcoin is $6,500, most amateur miners are already unable to make ends meet. As the price drops, they are gradually withdrawing from the mining market.
This article was written by Craig Wright, the main leader of the BitcoinSatoshiVision community. The article was published on February 8. As the core figure of BSV and the rumored "Bitcoin inventor Satoshi Nakamoto" himself, this is the first time in CraigWright's history that he has publicly admitted to be "Satoshi Nakamoto".
The attributes of Bitcoin risky assets have weakened. We believe that with the decline in inventory caused by the halving of Bitcoin block rewards, the current price pressure may only be temporary. When the S&P 500 index fell nearly 14% in the fourth quarter of 2018, Bitcoin fell about 45%, and both bottomed out at the same time. This phenomenon indicates that Bitcoin is still susceptible to the fall in the stock market, but there may be differences between the two when it rises. For example, in 2020, the S&P 500 Index fell by 20%, but Bitcoin still rose by about 9% and hovered. Near the $000 support level. Our analysis chart depicts the correlation between Bitcoin and the Standard & Poor's 500 Index, especially when the stock market is falling rapidly, this correlation is more obvious.
At 7:31 on May 8, 2020, Beijing time, Bitcoin regained its position above the 10,000USDT integer after 79 days. As of the time of posting, it hit 10077USDT at the highest intraday, an intraday increase of more than 5%. Since the low point of the 3.12 drop, the price of Bitcoin has achieved a considerable increase of over 163%. As long as there is no extreme market in the next two trading days, the weekly eight Lianyang is also in the bag.
The company announced that its total assets under management reached a new high, reaching US$4 billion, twice the amount in May last year. According to Grayscale’s updated data on the scale of its investment products at the end of May,Is Bitcoin mining legal? the company’s total assets under management are approximately US$3.8 billion, and Bitcoin Investment Trust (GBTC) accounts for nearly 90% of the share.
The third reason involves implementation issues. It is that the two parties actually have no way to completely convey the judgment information to the third party. In other words, it is difficult for a third party to obtain complete information and make a judgment. This will make the entire contract process incomplete. Therefore, the things that the contract can handle are actually very limited, and the processing process is also very expensive.
The second is that digitization has unlimited space. The future of scientific development must be digitalized. Without digitization, some of our technologies cannot be applied. I think data is efficiency, let me give you an example. It's very simple. I asked the bank president one day and I said what is the use of digitalization for you. He said that digitization is efficiency. He counted the staff who have done business in our branch in the past two years, and counted two data, one is gender and the second is age. He used these two statistics to come to a conclusion. He said that through our statistics, 80% of those who save money to do business at my point are women under 60 and over 20 years old. He said 80% of those over 60 are gay men. Based on this phenomenon, he asked the salesmen below him to make accurate sales when they were selling. Seeing that the young in the community first looked for a lady, and if the older ones looked for the old man, his performance doubled that year.