The supply of "soft commodities" such as oil can generate a new supply of the same magnitude as existing stocks every year. And "medium commodities" like silver can add 20% of the supply. Then the annual new output of "hard currenProfessional Bitcoin miningcy" like gold is about 1-2% of the stock. If Bitcoin insists on its monetary policy, then it will reach an annual inflation rate of 0% when it reaches the 21 million capacity limit, which can be called perfect hardness. Obviously, this perfection only exists in the digital world.
However, maintaining yesterday’s view that Bitcoin has come to the weekly-level platform area. This platform was a supporting platform formed in February, April, and June before 2018; plus this August, there were a total of 4 swings. ; It is obvious in the figure that the high points of rising waves are lower than each wave, and the speed of falling waves is faster than each wave. At the weekly level, the Bitcoin price situation is not optimistic.
There were more than 2,000 participants in this survey, and the respondents were divided into millennials, generation X (generations born between the late 1950s and 1960s), and baby boomers. 17% of millennials hold cryptocurrency, which makes them the main holders of cryptocurrency. However, this group of people also mentioned that cryptocurrency is difficult to use and very complicated.
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The Bitcoin network welcomes anyone alive to use it. According to United Nations estimates, two-thirds of adults in the world still do not have a bank account and therefore cannot access financial services. This is not caused by technical reasons, but because they are unpopular. Banks cannot see how to profit from this population, it's that simple. This means that two-thirds of the adult population cannot transfer wealth across regions, join the global economy, store wealth safely, nor can they borrow money to buy houses or agricultural equipment to help them escape poverty. They are in trouble.
In addition, Mayweather agreed to cooperate with the investigation and agreed not to promote any type of securProfessional Bitcoin miningities products in the next three years. Khaled has also been banned from engaging in securities promotion-related work for two years. Steven Peikin, Co-Director of the Enforcement Department of the US Securities and Exchange Commission, commented on the matter:
But from a broader perspective, Bitcoin is the first time that it has successfully generated an irreversible and non-tamperable database on a P2P network. And this is very likely to form a de facto protocol standard. Once a de facto standard is formed, it is difficult to replace it without fatal flaws.
The Mt.Gox incident has been affecting the cryptocurrency market for many years. Rumor has it that a few weeks ago, the sell-off of Nobuaki Kobayashi, the trustee of Mt.Gox's bankruptcy, may have contributed to the three-month decline in the cryptocurrency market. Coincheck's hacking attacks, including the loss of funds, and everything that happened afterwards, did not have that big impact on the market.