But is it necessary to requireandroid bitcoin miner Ripple Labs to announce the amount of XRP they sold and the use of funds? This requirement is reasonable because they still hold more than half of XRP, so their behavior will have a significant impact. Ripple Labs did so, but the information provided was very limited, there was no complete quarterly report, and it did not specify the use of funds and consumption rate.
Many scammers and pyramid schemes have also started new scams through the blockchain express. Millions of people have fallen into blockchain-related scams. A large number of blockchain project investors have suffered losses, and the entire society has also begun. Discuss whether blockchain financial innovation is a fraud. The blockchain has become demonized among ordinary people from the initial youth richness.
"From a macro perspective, the price peg mechanism of digital currencies actually uses mainstream digital currencies as the "general equivalent" in the virtual world, similar to the status of gold and national legal tender in the real society. Analyst Yang Yi believes that there are too many problems with the application of public chains. By studying the relevant data of Ethereum, he believes that the general equivalent of Ethereum is more valuable than the underlying public chain.
PayPal's application explained that the cryptocurrency system requirements they proposed were due to the delay or waiting time between the transaction initialization and the transaction confirmation point. They cited the example of the need to wait 10 minutes or more for Bitcoin confirmation, and they pointed out that this would hurt the user experience and put it at a disadvantage compared to methods such as legal credit card payment.
In addition to the devaluation of the renminbi, the recent Sino-US trade war is also important. Many people speculate that the latter is one of the reasons for the recent rise in Bitcoin. But the link between the trade war and the Bitcoin market is weak. Factors such as the trade war have led to the devaluation of the RMB, but the devaluation of the RMB itself is more likely to have a direct impact on the demand for Bitcoin.
In addition, Bitcoin's annual issuance rate/mining rate drop is also close to gold (the earliest non-sovereign value store). The report jointly issued by Bitstamp and Messari pointed out that in the past ten years, the gold mining rate has not changed much. It was 1.7% in 2010 and has remained at 1.8% since 2013. However, the issuance rate of Bitcoin has experienced a sharp drop in ten years. After the first halving (2012), it fell to 37%, after the second halving (2016), it fell to 0%, and after the third halving It will reach 5% and willandroid bitcoin miner reach 1.8% in 2021, which is equivalent to the gold mining rate.
Not only that, in the same period, the impact of Bitcoin's second "halving" on price changes was much smaller than that of the first "halving". The reason for this situation is likely to be due to the decline in market inflation during the period from Bitcoin's first block reward halving to the second block reward halving. After the first block reward halving, the median Bitcoin inflation rate dropped from about 60% to about 10%, and after the second blockchain reward halving, the median Bitcoin inflation rate dropped from 10% Down to about 4%. When the market demand level is similar, a smaller inflation shock will take longer to adjust prices and respond to changes.
After BCH's largest client, BitcoinABC, released its full node implementation version 0.10 on August 20, it caused a sensation in the BCH community. This version includes major software changes such as standardizing transaction instructions and adding two new opcodes.
In a speech titled "Cryptocurrency and Community Governance" Jiang Jiazhi, the head of the underlying development of Bitmain and BCH developer, took ETH and ETC, Bitcoin and BCH and Dash as examples to analyze community governance. He believes that the reason for forks is that there are differences in concepts. We should not worry about forks. Forks are not terrible. Forks are exercising their own ideas.