₿ ~ cWhy We Need A Monetary Constant
Bitcoin, like other constants in the universe, creates a foundation upon which humanity can interpret information and chaos.This is an opinion editorial by Aleks Svetski, author of “The UnCommunist Manifesto,” founder of The Bitcoin Times and Host of the “Wake Up Podcast with Svetski.”If life could be described as some form of anti-entropic force, then humans could be regarded as the most advanced, complex structure that has emerged from it (at least that we’re certain of).This force of “life” seems to transform chaos into order. It manifests as the very edge line of this universal....
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Bitcoin is a beacon of hope in a world of uncertainty and despair. By having a monetary constant, people can focus on things that really matter.
The Bitcoin price is the monetary cost of a bitcoin. The term "price", as used here, is not to be confused with "value" which is a perceived regard for Bitcoin's benefits and usefulness. The Bitcoin price is expressed as an exchange rate in relation to another currency. So, for example, the Bitcoin-to-Dollar exchange rate may be $1,750 for one bitcoin, written as $1,750 BTC/USD. By design, a total of 21 million Bitcoins will be created over 100 years according to a logarithmic release function. At the time of writing, just over 13 million bitcoins are in circulation, meaning that an....
Chinese Manipulation Endangered? The PBOC must hate cryptocurrencies. Their constant negative statements lead a reasonable hack to reach this assumption in any event. Why are they so anti Bitcoin? What potential danger does a cryptocurrency pose to China, the World's second largest economy and most populous country? When you look at the facts, Bitcoin could well have the potential to pose quite a significant level of threat to China's monetary policy. Let me explain. Let us begin by looking at the Peoples Bank of China, hereinafter, the PBOC. Now the PBOC is huge, it holds and controls....
Centralized Finance (CeFi) is the fundamental model of the traditional financial ecosystem, which comprises stakeholders such as monetary oversight bodies, regulators and financial institutions. As such, all these stakeholders work in collaboration towards sustaining sound financial markets. Despite its value proposition in traditional finance, the CeFi model has come under constant criticism due to its […]
Bitcoin is growing into the internet's native monetary layer, functioning as a suite of public network protocols with undeniably scarce units of value. The post A Monetary Layer For The Internet appeared first on Bitcoin Magazine.