Bitcoin Price Today 📈 Live Bitcoin Value - Charts & Market
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Bitcoin for Beginners
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A community dedicated to Bitcoin, the currency of the Internet. Bitcoin is a distributed, worldwide, decentralized digital money. Bitcoins are issued and managed without any central authority whatsoever: there is no government, company, or bank in charge of Bitcoin. You might be interested in Bitcoin if you like cryptography, distributed peer-to-peer systems, or economics. A large percentage of Bitcoin enthusiasts are libertarians, though people of all political philosophies are welcome.
Nearly everyone who invested tons of roubles in the bitcoin farm is complaining about the price reduction of the bitcoins, actually... they changed it to the real life price of 8145 dollars per bitcoin (0.2x8145x71,73=around 116k). they did nothing wrong here even if it seems so. To balance this, i suggest to change the bitcoin produced per hour OR the amount of bitcoins we get, up to 0.25 bitcoin instead of 0.2, which would rise the value up to around 145k (basically, like before).
So I started drinking and thinking (I know bad combination) and a thought occurred to me related to the to value proposition of Bitcoin with respect to supply and demand determining value. We all know that with Bitcoin being the first truly finite asset in human history it has incredible potential from that standpoint. So I got to thinking, the US dollar is the world's Reserve currency and it is a fiat currency that is debt based. We all know that fiat currency which can be infinitely created in the form of loans or debt has no limit. So I started to think about it a little bit more and I realized that all of the countries of the world have their own fiat currency central banks which means they can also create an infinite amount of debt or infinite amounts of currency. So if any Nation (AKA Central Bank) can create infinite amounts of their own currency then why exactly is the US dollar the world Reserve currency? I mean to me I would think that having the world Reserve currency status would mean that you would have the ability to create more currency than any other Nation. But when the value of the currency is determined based on its relative value to other nations currency and every nation's Central Bank is on a race to the bottom with creating as much of the currency as possible what is a special about the US dollar? Why does the world accept that the US dollar is more valuable than any other currency when its value is based on the supply and demand of which supply is infinite and while Any Nation can create as much or as little of the currency that they want to at the time? That all said, then the question becomes how in the world can it be possible to Value the world's first truly finite asset in fiat currency at all? I really don't think it is. I mean it may be technically possible to assign numeric value in terms of fiat currency at any given moment but it would be a constantly trending upwards value as more fiat currency is created and more people understand what fiat currency is and what Bitcoin truly is and represents. Honestly that's what I think the powers-that-be also understand and they are in a last-ditch effort to try to maintain there Stranglehold against the people of the world. I think more and more folks are understanding how exactly they manipulate the price of Bitcoin with their financialization tactics and so they are taking physical possession of their cryptocurrency. That all said I think that eventually we are going to break free and there will be no top and terms of fiat currency dollars expressing the value of our money AKA Bitcoin. My personal belief is that Bitcoin will become the universal unit of account (UOA) or the great filter will get us all! Anyway I probably should stop drinking lol.
Some people just say that Bitcoin has no intrinsic value, so it's a bubble and anytime will burst and worth nothing. But for a lot of people Bitcoin it's not just a coin, Bitcoin represents an entire freedom philosophy. For others its not just a representation of freedom, but indeed allows the oppressed by dictatorial rulers to have an financial system who is untraceable and opens the doors to all the world. There are no government who likes Bitcoin, but they can't stop the flow. China tried and failed miserably, another countries tried and achieved the same result. For some of us its considered the greatest innovative technology at century 21. The Bitcoin birth means that now we can choose between some fiat currency controlled by some corrupted State or a decentralized cryptocurrency. Maybe Bitcoin will loose its value when some better alternative is created. But until that I'll keep buying and hodling. That's it, thank you for reading.
I understand how bitcoin works and it’s very intriguing to me, but I can’t wrap my head around how this can take over as a replacement for cash. How could you put a price tag on something when it constantly changes? Stores would have to have digital price tags on everything that constantly changes. I just don’t see how that can be used in the real world. Can someone explain this to me?
$1 of Bitcoin value created is responsible for $0.49 in health and climate damages in the US and $0.37 in China.
The rising electricity requirements to produce a single coin will lead to inevitable social crisis Energy Research & Social Science Volume 59, January 2020, 101281 Abstract Cryptocurrency mining uses significant amounts of energy as part of the proof-of-work time-stamping scheme to add new blocks to the chain. Expanding upon previously calculated energy use patterns for mining four prominent cryptocurrencies (Bitcoin, Ethereum, Litecoin, and Monero), we estimate the per coin economic damages of air pollution emissions and associated human mortality and climate impacts of mining these cryptocurrencies in the US and China. Results indicate that in 2018, each $1 of Bitcoin value created was responsible for $0.49 in health and climate damages in the US and $0.37 in China. The similar value in China relative to the US occurs despite the extremely large disparity between the value of a statistical life estimate for the US relative to that of China. Further, with each cryptocurrency, the rising electricity requirements to produce a single coin can lead to an almost inevitable cliff of negative net social benefits, absent perpetual price increases. For example, in December 2018, our results illustrate a case (for Bitcoin) where the health and climate change “cryptodamages” roughly match each $1 of coin value created. We close with discussion of policy implications. https://www.sciencedirect.com/science/article/pii/S2214629619302701 op: to say nothing of hidden hardware health costs, I bet jacking up electricity prices will only make it worse
Explore the top 50 cryptocurrencies with Coinbase, including cryptocurrency price charts, crypto descriptions, and the latest price of Bitcoin and Ethereum. Bitcoin Price Today. Die-hard BTC supporters believe that bitcoin is the future; we are just scratching the surface. Considering the continuous rise of bitcoin in the market capitalization, it is one investment every investor needs to take advantage of it. The current market capitalization of bitcoin stands at an all-time high of $109 billion. Free bitcoin mining, bitcoin values and Cloud Bitcoin Mining and online bitcoin mining, cryptocurrency mining, powerful antminer s15, asic miner, free cloud mining, bitcoin cloud mining The world’s first cryptocurrency, Bitcoin is stored and exchanged securely on the internet through a digital ledger known as a blockchain. Bitcoins are divisible into smaller units known as satoshis — each satoshi is worth 0.00000001 bitcoin. About Bitcoin. Bitcoin is the original cryptocurrency released in 2009 as open-source software.It is a digital currency predicated on cryptographically secure transactions, a proof-of-work consensus model, and a decentralized, P2P distributed ledger network.
Bitcoin Price Could Shoot Towards $20,000 in 2020 How ...
Bitcoin ( BTC ) must reclaim $9,400 as soon as possible in order to change its bearish course, says Cointelegraph Markets analyst filbfilb . In an update on social media on July 16, the popular ... First and foremost, Bitcoin has value due to the same reason the paper and digital cash does – it’s a handy form of money commonly accepted by people. It is used to transfer value and buy or ... Despite volatile price action, a majority of Bitcoin in circulation remains inactive. According to data from Glassnode, a blockchain analytics firm, the percentage of coins not moved has reached ... The price dropped over 3.2% or $7.3, and that’s been the third consecutive day that a decrease has taken place. And it’s also in line with the slumping BTC/USD, as far as the Bitcoin Cash vs ... Enabling a dialogue about Bitcoin The VoB is a dialogue event that brings together skeptics, advocates, entrepreneurs and inquisitive decision makers. It is ...