‘Gold Is Rare but Not Too Rare’ – Bitcoin’s Supply Limit Hinders Usefulness, ...
The American publishing executive, Steve Forbes, recently published a video concerning his thoughts on bitcoin and told viewers that the popular crypto asset is “not yet” the new gold. The business magazine’s editor-in-chief says that bitcoin’s value “remains too volatile,” and he believes the supply cap of 21 million will someday “severely hinder its future usefulness.” There still remains a number of skeptical people in the finance world that believe cryptocurrencies have a long way to go from here. Just recently, Malcolm Stevenson....
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A research firm’s head recently claimed Bitcoin’s capped supply could be changed. Bitcoin’s (BTC) price rise has brought all sorts of comments out of the woodwork. Although many carry a bullish tint, some folks still doubt crypto as a new store of value class. David Rosenberg, the chief economist and strategist, as well as president, of the firm Rosenberg Research & Associates, recently described gold’s supply as more predictable than Bitcoin’s."Everybody seems to believe that we're going to get to that 21 million cap on the supply constraint, but there's really nothing in the protocol to....
Bitcoin is celebrated by supporters and admonished by skeptics because of its finite supply. There are only 21 million bitcoins that can ever be mined, regardless of the earth’s population and its corresponding demand for bitcoins. Once all 21 million have been mined, there will never be any new bitcoins (unless a change to the protocol is made to....
Bitcoin's value is likely to remain volatile, which will limit the digital currency's usefulness, according to a select group of economics professors across the US. The IGM Economic Experts Panel -- 38 academics from Harvard, Yale, Stanford, Princeton, the University of Chicago, the University of California-Berkeley and the Massachusetts Institute of Technology -- tackles a different public policy issue in a weekly email poll. In this latest poll, they were asked the following question about bitcoin: "A bitcoin's value derives solely from the belief that others will want to use it for....
Lately there has been chatter that by raising the block limit, or discussing doing so, we are opening up the gates to later have a discussion about making other major changes to Bitcoin. It's even been suggested that by letting this block size limit raise go through, we are opening the door to the possibility of a coin limit raise. Which is just ridiculous on the face. Under no circumstances could such a change be made to Bitcoin. It would be the ultimate betrayal of even an average Bitcoin holder, who believes he is holding a limited supply asset. Such a change must, therefore, never be....
Cryptocurrency exchange Binance has explained its dogecoin issue which resulted in withdrawal suspension and Tesla CEO Elon Musk calling the problem “shady.” The exchange says it was a “rare issue” and no one was at fault.
Binance’s ‘Rare’ Dogecoin Issue, Withdrawals Resumed
Binance explained its dogecoin problem Monday, stating:
What began as a fairly straightforward upgrade, turned into an issue where Binance users were unable to withdraw DOGE for the last 17 days. In addition, 1,634 users were sent old transactions.
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