Bitcoin Is Just Getting Started—Mathematician Predicts A Massive Future
Despite the meteoric rise of Bitcoin since its inception, a Wall Street mathematician insists that its journey is only just commencing. Related Reading: Crypto Hub Wars: Hong Kong And Singapore Compete For The Top Spot In his appearance on the Jamie Tree podcast, Fred Krueger boldly asserts that the world’s largest cryptocurrency is on the […]
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Pioneering mathematician John Nash laid out a concept for “Ideal Money” that has parallels with Satoshi Nakamoto’s Bitcoin.
Satoshi Nakamoto’s math doesn’t quite add up. In chapter 11 of the Bitcoin white paper, the pseudonymous author explained that an honest mining majority will always outrun a dishonest minority. As a key innovation in digital currency, this ensures transactions are practically irreversible once they have sufficient confirmations, effectively solving the double-spend problem. However, as first explained by Israeli mathematician Meni Rosenfeld back in 2012, Satoshi made some simplified assumptions. While Bitcoin mining is a random process, Satoshi did not fully take into account that honest....
The World Economic Forum (WEF) has published a report called “Cryptocurrencies: A Guide to Getting Started” on Bitcoin, Ethereum, and other cryptocurrencies. The report is part of their Global Future Council on Cryptocurrencies and it’s intended to provide the readers with the basics of this new asset class. The total market cap of Bitcoin, Ethereum, […]
Travis Patron is a digital money researcher and author of The Bitcoin Revolution: An Internet of Money. Here he explains why the late American mathematician John Nash may have influenced the creation of bitcoin. Could John Nash, someone who had been at the forefront of mathematical and economic thought into the prospect of 'ideal money', be justly attributed credit for the formation of the electronic cash system of cryptocurrency? He once stated in a lecture: "The special commodity or medium that we call money has a long and interesting history. And since we are so dependent on our use of....
These days, crypto is getting its ego stroked and its future prospects hailed as the second coming of the Messiah. The latest worshiper is Coinbase CEO Brian Armstrong, who predicts that 10% of all global GDP will be in crypto by 2030. This bullish prediction comes as Coinbase posted a rather whopping 130% revenue growth. […]