Science topic
Bitcoin - Science topic
Peer-to-Peer Electronic Cash System
Questions related to Bitcoin
Unfortunately, I do not have access to any reliable or relatable databases to complete a Life Cycle Assessment of Bitcoin mining so I have began completing the task manually. I was wondering if anyone had an guidance on calculating uncertainties or sensitivity analysis to ensure I can consider errors in my study.
Any tips regarding this or conducting a life cycle assessment manually will be greatly appreciated!
What Will be the Impacts of the New Satoshi Nakamoto Post On Twitter on the Future Research Lines?
Satoshi Nakamoto posted on Twitter after five years of hiatus on October 5, 2023. The latest post from Satoshi’s Twitter handle describes that the Bitcoin community shall explore aspects that are not included in the original whitepaper. It said that ideas for the scope were addressed in the early years of Bitcoin, however, the time has come to put it all into action.
What are your thoughts as a researcher on the Impacts of the New Satoshi Nakamoto Post On Twitter on the Future Research Lines?
Hello everybody,
I was wondering about the classification of Bitcoin made in those few years. We've seen many authors trying to identify it as an asset, mainly justyfing it as the only feasible classification after excluding it from being a currency, just because it still doesn't have currency like characteristics like unit of account and store of value, while we can all agree is a mean of exchange. I would like to reverse the question showing you a paradox and I'm curious to know from you: If you say Bitcoin can't be a currency because of lack of store of value component, so how do you classify hyperinflationed currency like Bolivar in Venezuela which basically lost this characteristic? For sure you can't say that every currency that lost its store of value component have to be an asset....
I would like to kindly request your assistance in peer reviewing my paper. I would greatly appreciate it if you could share your valuable insights and constructive feedback on the content, structure, and overall quality of the paper. Your input will not only help me improve the paper but also contribute to the advancement of our collective knowledge in the field. Thank you in advance for your time and expertise.
Will cryptocurrencies return to dynamic growth after the current energy crisis, the downturn in the economy caused by high inflation and the stock market slump?
Will the currently developing crises lead to a major collapse in the development of cryptocurrencies or will cryptocurrencies return to dynamic growth in the future?
Will the currently developing crises (rising inflation, energy crisis, stock market slump, food crisis, possibly also stagflation in 2023) lead to a serious collapse in the development of cryptocurrencies or will cryptocurrencies return to dynamic development in the future?
What do you think?
What is your opinion on the subject?
Please reply,
I invite you all to discuss,
Thank you very much,
Best regards,
Dariusz Prokopowicz
11 countries have fully launched their central bank digital currency (CBDC), e.g. Jamaica's JAM-DEX, Nigeria's eNaira. Meanwhile, 114 countries, representing over 95% of global GDP, are exploring, developing, piloting CBDCs. Will CBDCs complete with Bitcoin? If so, how will the competition between CBDCs and Bitcoin evolve？
Is there anyone specialized in this field? I'd like to read something more about the relation between electronic money and economic growth.
All the contributions are welcome.
Hello
Is there an article about effects of digital currencies on money creation and banks liquidity or total liquidity?
Or what is your opinion? Do these currencies have an impact on money creation and banks liquidity or not?
thanks.
Hi,
I have constructed DCC-GARCH for various pairs, and I am about to regress the DCCs on dummies representing top 10,5 and 1% of worst return observations of an index. The idea is that the regression should reveal whether the dependent variable (here Bitcoin) has any hedging or safe haven properties against the counterpart index (market indices/commodities and so on).
I have not done anything to account for autocorrelation, seeing as I am working with ln transformed returns. However, I suddenly realised that the error terms might be autocorrelated, how can I address this?
Please consider and discuss any or all of the following questions:
1. Can AI be used in Decentralized Autonomous Systems (DAO)? How?
BEST ANSWERS
Arez Wazwaz
2. Would the AI be a platform, a DAO member, manager of the DAO or have some other role?
BEST ANSWERS
Arez Wazwaz
3. What are the advantages and risks of using AI in a DAO?
NOTE: Please share any sources you may be aware of. Thanks for any contribution.
Is there a life cycle assessment to estimate the emissions of bitcoin life and its impact on climate change?
May you please name some good books on Blockchain technology?
A digital currency is any type of payment which is in electronic form and is accounted for and transferred using computers. Examples of digital currencies are cryptocurrency, virtual currency, and central bank digital currency. Well known cyptocurrencies are Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), Dogecoin (DOGE), Polkadot (DOT), Stellar (XLM), Carnado (ADA), and Bitcoin Cash (BCH). I am researching cryptocurrencies and would like to know why Banks forcefully oppose the use of digital currencies. Any sugestions would be very much appreciated.
The rise of Bitcoin started while the pandemic was spreading for the first time around the world. Therefore, is it logical to relate cryptocurrency shine to the outbreak of Covid-19?
Bitcoin mining requires large computing power and therefore large amounts of electricity. Most of the electricity used by Bitcoin miners around the world comes from fossil fuel power plants. This leads to global carbon emissions and environmental pollution. In November 2021, the Cambridge Centre for Alternative Finance estimated that Bitcoin’s annualized power consumption is 115 TWh, which is almost as large as the annual electricity consumption of Poland – a country with 38 million citizens. Given the large and growing environmental concerns across the world and the planned actions of the United Nations Climate Change Conference, is the long-term outlook for Bitcoin applications negative? Is Bitcoin cursed with its inherent ‘proof of work’ and mining mechanism? Are the long-term external costs of the Bitcoin ecosystem too large as compared with the potential benefits offered by this cryptocurrency? Is the demise of Bitcoin inevitable in the long term? Can ways be found whereby Bitcoin’s negative environmental impact might be significantly reduced?
dear community, I need your help regarding extracting data from the Binance platform in order to use it for a forecasting problem , for example we extract data about a certain crypto then we clean it and make it ready for use and make a forecast if we should buy it or not with adding an alarm when the time is perfect for that, using python and machine learning and statistics.
Since mid-2020, when we see a renewed increase in the popularity of cryptocurrencies as a source of easy profit, avoiding transaction costs and escaping from fiat money inflation, the energy costs associated with "mining" Bitcoin were revealed in the media. Energy experts began to carefully assess the functioning of the cryptocurrency market in terms of electricity consumption in relation to the amount of electricity consumed by the economy. It turned out that bitcoin mining costs annually at least as much electricity as a medium-sized country like Finland consumes. If Bitcoin were a country, it would rank in the top 30 worldwide for energy use. I enclose the research results in charts and links to the publication. Meanwhile, in 2021 we are witnessing the emergence of an energy crisis all over the world and an incredible increase in the prices of natural gas and crude oil as a result of climate disturbances, disruptions in the supply chain and broken cooperative ties between international companies. Therefore, what are the prospects for such a phenomenon as cryptocurrencies or other energy-intensive technologies, the use of which is completely against the policy of reducing greenhouse gases and switching to renewable energy on a global scale? Is the true thesis that the growth rate of the BTC market price to USD is comparable to the growth rate of electricity consumption by cryptocurrency miners?
In September 2021, El Salvador adopted Bitcoin, the largest cryptocurrency, as legal tender. The highly volatile Bitcoin token, based on decentralized ledger technology, has been declared the national currency, parallel to the current legal tender in El Salvador - the U.S. dollar. Authorities have launched a mobile app called Chivo Wallet, enabling citizens to send and receive BTC, convert BTC into USD and withdraw USD from special ATMs. Will this move lead to greater financial inclusion, especially for the still fairly large portion of El Salvador's population that does not have bank accounts? Or is it rather a very risky project leading to financial instability in the Salvadoran economy?
Can anyone give an example of how to design copula-statistical models (multivariate not bivariate) to elucidate the prediction of bitcoin return time series prediction (weekly/monthly return value) (or any existing) ?
I want to know your thoughts, can digital currency projects estimate the reliable value of ecosystem services on a global scale?
The global nature of the Internet and e-Activities requires a new method of Legislative and Ethical control that includes the many different governments that exist.
Do we need a new International Cyberspace Organization that can lead this process?
To create a framework that is acceptable to all and takes all viewpoints into account.
Are we up to the task?
I am planning to undertake a systemic content analysis of the Financial Times for the following three cryptocurrencies - Bitcoin, Ethereum and XRP - between 01/06/19 to 01/06/21.
Bitcoin has the most articles by far at 832, however, Ethereum has 82 and XRP has 20.
Considering each have a big difference in number of articles published, what would be the best approach in undertaking this research? Would it be appropriate to read/analyse every tenth article on bitcoin and then all of each ETH and XRP?
I would appreciate any advice/help that anyone can give.
There is research going on to include many technologies within the same project, So wanted to know the best way/idea to include biometrics within the block chain technology, Are there any good suggestions on this topic from any researcher here?.. Thanks
The emergence of Bitcoin has sparked a debate about its future and that of other cryptocurrencies. Despite Bitcoin’s recent issues, its success since its 2009 launch has inspired the creation of alternative cryptocurrencies such as Litecoin, Ripple and MintChip. In these experiences the speculative motive seems to be preailing. However, recently, digital social currencies' experiments are diffusing, by starting from the Bicoin protocol.
What will be the future of cryptocurrencies? Will Bitcoin lose its value completely? What are the most important factors to understand the future of cryptocurrencies?
Joseph Stiglitz, Nobel Laureate in Economics in 2001 and former Chief Economist of the World Bank has repeatedly explained why he believes that bitcoin should be banned.
"The real reason why people want an alternative currency is to participate in vile activities"
"What we really should do," he said, "is to demand the same transparency in financial transactions with bitcoins that we have with banks." If this were to be done, he believes, the bitcoin market "would simply collapse."
Do you agree or disagree and why? Thank you
Why do we need smart contracts just for authenticating a transaction? We can already see examples of smart contracts in our daily life. For instance, a vending machine (a reference made by the originator of this idea Nick Szabo) or a ticket machine. I am a beginner to this topic and I am trying to understand its recent popularity. However, the research papers I have read so far highlight two factors; Automating Transactions and Security due to its immutable nature. But these features are already available even in a ticket machine at a metro station. I would love to hear your feedback on it that why it is important and how it is different from already existing infrastructure?
Thanks a lot!
The recent Sveriges Riksbank Prize in Economic Sciences or Nobel prize (as commonly known) was actually awarded to an economist (Fama) who claimed that markets are efficient and any prediction of it's movement is fruitless. Isn't the Bitcoin price random too?
Furthermore, we can even fit Robert Schiller's theory into it. There is clearly a long-term trend and crazy volatility. Also, Bitcoin tries modelling the ideal world scenario of no transaction fee as used when designing theory like CAPM.
With such similarities, why isn't research being done in the Bitcoins? There's so little to read. We pretty much end up with Satoshi's paper which is more cryptography and less economics.
Kindly share your experiences if you have any idea and experience regarding bitcoin.
Thanks
According to Popov, the IOTA DAG through GHOST protocol has made the Blockchain data structure from a chain to a tree structure which improving the confirmation times and overall security of the network (2018). Popov argument is merely improving from the Bitcoins Blockchain consensus and creation weakness and its data structure. As such, improvement the employment of DAG shall provide significant speed for the DLT protocol.
On the other hand, it is not certain at this point, how IOTA DAG is able to improve the performance and moreover, the ioT devices are predominantly relatively smaller scale chip which could not support heavy hashing algorithm such as SHA256 with a Proof-of-work algorithm in solving the nonce.
Is it better to have a Lot of bitcoins compared to rather having a lot of paper money or savings at the bank ? Thoughts
#cryptocurrency #money #bank
I'm curious why Bitcoin's inter-block time is 10 minutes while Ethereum's is only about 15 seconds. Given that both Bitcoin and Ethereum use the PoW consensus algorithm, why not reduce the inter-block time in Bitcoin to match that of Ethereum and thus increase system throughput?
Will the share of transactions made with traditional money issued by central banks decline successively due to the development of cryptocurrencies? What are the consequences of this process in a country with large and growing public debt?
More and more large companies are announcing the creation of their own cryptocurrency. Some investment banks, such as JP Morgan, have announced the creation of their own cryptocurrency for settlements with key contractors. Some technology companies operating in the field of ICT and new online media also plan to develop blockchain technology in cryptocurrency applications. For example, the social media portal Facebook also announced the creation of its own criticism called Libra, which the users of the portal will be able to pay for various services available through Facebook. Some investment funds invest their financial capital in some cryptocurrencies.
Whether in the context of the development of cryptocurrencies, the share of transactions made with traditional money issued by central banks will gradually decrease. Will the development of cryptocurrencies and their rapid dissemination not jeopardize the stability of the monetary systems of some countries? If the share of traditional money in total transactions made by citizens will decrease, will the significance of the financial system, including the banking system, also decrease? If there is a large unpaid public debt in a given country and a decrease in the use of traditional money in transactions between entities, can it lead to a serious financial and / or currency crisis? Many countries finance their public finance debt by issuing Treasury bonds in which foreign financial institutions also invest. So, can future cryptocurrencies be used for international settlements in the future? Can the decrease of confidence in the national currency of a heavily indebted country lead to an increase in international settlements using cryptocurrencies?
Do you agree with me on the above matter?
In the context of the above issues, I am asking you the following question:
Will the share of transactions made with traditional money issued by central banks decline successively due to the development of cryptocurrencies? What are the consequences of this process in a country with large and growing public debt?
Please reply
I invite you to the discussion
Thank you very much
Best wishes
Bitcoin and cryptocurrency has bloomed since 2009. Will it be accepted and regulated by the central bank to be used as trading mechanism in the near future? Albeit there has been minimal informal usage of Bitcoin in some trading.
Also, which country would be possibly become the first in regulating the use of cryptocurrency in daily transaction?
Is there a situation where we woke up one day and found out all our bitcoins vanished? Blockchain or DLT has a simple definition where it is designed to solve double spending problem which represent a unique transaction that are solve through the computers in the network (Kamiya,2019; Kshemkalyani and Sighal, 2008). Satoshi Nakamoto define Blockchain as a collection of transactions in a block that is store in a peer to peer basis and each of its block is linked with the SHA-256 algorithm, timestamp network to solve the double-spending problem (2008). This principle also introduced the reality of immutable transaction feature to the computing world. So, having understand such definition, is our believed that this would be immutable as it claims or anyone has proven that such immutable resistance is exist as of today ?
Does anybody knows anything about INFORMATICA JOURNAL (SCI expanded), which publishes an article at a cost of 423 US/or equivalent bitcoin? Is this journal fake or true?
The Bitcoin price has skyrocketed since the beginning of 2020. The price has gone up to 18,000 from mere 7,000. Whether this price swing is rational or irrational? How long do you think it will continue?
The only way for companies that carry out ecological activities to be implemented in the future is to surpass polluting companies in their field, being more competitive than them, through technologies such as Blockchain and innovation in production processes. Discover how carbon credits are going to help green companies be profitable and how prosumers are going to play a leading role in that process
Can cryptocurrencies be used to make ecology profitable?
Bitcoin price establishing is an interesting phenomenon and widely differs from the way the price of ordinary money is set. First of all, despite popular belief, Bitcoin does have a cost price. It is set as a combination of expenses on electricity, transaction fees and the installation/purchase of software. However, the price of Bitcoin is not determined by its cost price and is mostly estimated by consumer demand. It causes huge fluctuations in the price of Bitcoin, as Bitcoin has no backing, and traders are largely dependent on the news of Bitcoin’s price, multiplying volatility of the asset.
Bitcoin price rallied through a key resistance zone and secured a new 2020 high at $12,000. What will happen next?
Please reply,
Iryna Kondrat
Bitcoins and similar digital currencies have taken off recently because of an advance in Computer Science regarding how to do secure bookkeeping regarding the origin of a coin and all its transactions. The crowd maintains a record of who owns the coin so you can't cheat forge the currency and still participate in the market because your records will be out of sync with everyone else's. Coins can also be mined, or created, by performing complex computations to keep them scarce. The idea of carbon credit markets is to give countries and companies a certain amount of credits relating to the amount of carbon they are allowed to burn. To go over that limit without fines they would need to buy credits off countries that have a surplus because their energy is produced sustainably.
I wonder if the ideas behind digital currencies could be used to make carbon credit markets more dynamic and more liable to be used on a large scale. For example, what if a new digital currency was created for everyday use on the internet but is also tied to carbon credits. Countries could mine new coins in this currency via a combination of their percentage sustainable energy production and total carbon emmisions. I'm not sure if you'd need the algorithmic mining component at all. You just use the bookkeeping aspect of bitcoin and replace "Country has produced x% of their energy sustainably" as the "hard" function needed to mine coins.
Greener developed countries like Germany would be relatively richer in this currency but it would also be easier for developing countries to generate because their absolute pollution levels would be much lower. These countries could then sell these credits to other countries or individuals for use on the internet. They could give or sell at a discount to their own citizens thus rewarding them with some virtual income. This would essentially create a new economy that creates wealth where it is needed most while rewarding those who are making the world more sustainable.
I'm not sure if that is useful, but it seems to me there might be something there.
They say it was for this day, why Bitcoin (cryptos, in general) is suffering from COVID19 just like stocks while all the empirical evidence suggest low ( even negative) correlations. Any thoughts?
We understand that 'virtual assets' or crypto assets are now a permanent part of our planet but for many including institutions dealing with these assets, these pose a huge legal hassle. This is due to the compliance sector (especially (AML) therefore the gut feeling is these virtual assets be better avoided than addressed. The second critical problem relates to their classification in the books and dealing with smart contracts on their acquisition.
Do the hashes in merkel tree follow any order?
what is the traversal technique used existing blockchain platforms like Bitcoin or ethereum or hyperledger? and
Is the complexity of the traversal propotional to size of the chain?
(1) Who validate or mine the blocks in non financial applications of Blockchain ?
(2) From whom/where the miner will get reward in non financial applications of Blockchain ?
(3) Considering Healthcare application, Who will write the details of medical report of Patient. If Physician, then how ? because Physician don't know the Private key of the patient.
(4) Can we track the Health record of ant patient or it is permission Blockchain
I need a dataset for various attack bitcoin (blockchain) transactions.
Can you help me please?
Hi,
I want to calculate the correlation of the Bitcoin price with some other asset classes such as gold or oil. Therefore, I use the daily returns in percent of each asset and simply apply the correlation formula in excel. To be sure I got me two different datasources for oil and gold (Krugerrand and H&H gold, Texas and London Oil). Obviously the historic prices of Krugerrand and H&H are almost the same, the same applies for the two different kinds of oil.
My question/problem is: The correlation of the absolute values from Gold 1 - Gold 2 and Oil 1 - Oil 2 is close to one which makes sense. The correlation of the returns, however, is close to zero, i.e. non existent. How can that be? shouldn't the returns be at least very positively correlated as well?
Furthermore, the correlation of each time series with Bitcoin differs, even though I am thinking that Oil 1 and Oil 2 / Gold 1 / Gold 2 should have the same relation to Bitcoin.
I am trying to figure this out since days now and I am running out of time for this project. I would really appreciate if anyone has an idea what I am not seeing here.
I attached the excel, the most relevant sheets are highlighted in red.
Do you think bot's like this https://tradesanta.com/en have theoretical support?
It's posible to predict the market fluctuations?
Blockchain technology is being widely used in business areas and for other research purposes. To understand various challenges with this technology in Bitcoins or any other blockchain technology enabled applications.
I'm doing a unit which requires me to make a research proposal that will not lead to an actual project and I was wondering if I could have some help in figuring out what my sampling frame is.
I'm planning to do a questionnaire for people that use and create cryptocurrencies (e.g. Bitcoin). These people are anonymous, and operate on the internet, and isn't a list of all of them.
I was considering saying that I would employ targeted facebook advertisements, which targets the crypto-currency users to a questionnaire. In this case, would my sampling frame be defined as all the users that are targeted by the advertisement and visit the questionnaire?
A plethora of Blockchain use cases are currently under development, but many of them are still in the PoC stage. What are the most interesting projects at the moment or in the near future?
When one read most of the Banking/Fintech blogs or articles, you come across one or the other - "Old Banking", "New Banking", "Electronic Banking", Digital Banking, Fintech, Bitcoin, Crypto-currency, Blockchain, Open Risk, and much much more words, phrases, concepts and even jargon.
For the so many experts in these diverse fields, I had a question or two:
1. Is their any guide or book or website that collate these old and new "words and concepts" that had put together a list of these words and with a short description or meaning?
The reason for my question is the following. I just think that in the fast changing world of Banking, Finance, Fintech, Technology and platforms one find the absolute experts, innovators, leaders and front runners. Then there is a vast majority of the average people that at least know something about this fast changing world.
Then lastly the people that may be recognizing or know the "old banking" words, concepts and worlds, but don't know anything of the "new banking" future.
2. Among these "three simplistic groups" of people identified above, there is at least two other very important groups - employees that work in the "old" and "new" banking and financial worlds - and customers or clients that currently use the products and services of the "old" and "new" banking and financial worlds.
How do we transfer the "new" knowledge, skills, expertise, products and services to the "old' employees and "old" clients and customers? And how do we share and transfer the knowledge, skills, expertise, products and services of the "old" employees and "old" clients and customers to the "new" employees and "new" clients and customers?
3. Is there any need, justification for or program that brings these "old" and "new" banking and financial "worlds" closer together? Or is it two very separate and different "worlds" that we don't have to bring closer together as there is no need and merit for it?
4. In the past we could always use word such as banks, branches, systems, staff, delivery channels on the one hand and on the other hand type of banks like Retail-, Private-, Business- and Corporate Bank. Now with the “new” words like Fintech, Electronic, Digital, Branchless and Virtual, what is the name of the “Bank of the Future”? Is it still a Retail Bank or rather now a Digital Bank? Or Bank of the Future or Future Bank? Please can you give me your ideas?
Yes I do know of and see various conferences, workshops, etc, but who are attending them - the "old" the "old" and the "new" the "new" with a minority that crosses the line?
I would love to hear the views, opinions, solutions and arguments of various people in order to find answers to my questions and to convince me what is not only right and wrong, but also needed and a prerequisite for growth and development in these various
Banking and Financial sectors and Businesses? Or is sharing of knowledge and re-inventing the wheel not an issue?
Is it then ultimately just a personal choice and option between the status-quo or quo vadis?
Mining Reward
When a block is discovered, the discoverer may award themselves a certain number of bitcoins, which is agreed-upon by everyone in the network.
Hi,
Is the Bitcoin mining hardware usable and efficient as the processor for Gaussian09 program?
For example, Energy Web Foundation’s (EWF) energy- sector promotes the use of blockchain in energy management. Like Bitcoin, the EWF blockchain is a distributed ledger, upon which users can code applications that run on top of it.
Solo mining is when a miner performs the mining operations alone without joining a pool. All mined blocks are generated to the miner's credit.
In the context of cryptocurrency mining, a mining pool is the pooling of resources by miners, who share their processing power over a network, to split the reward equally, according to the amount of work they contributed to the probability of finding a block.
The SMS verification code based password resetting and 2FA are both vulnerable to attacks. Soon after the hacker get your phone number, he/she may reset the passwords of victims accounts by intercepting password reset verification code sent via SMS. Despite of having the victims account protected with 2FA, hackers can pass through the second authentication factor by intercepting SMS verification code, hence hijacking the account. This SMS interception attack is called SS7 redirection attacks (SRAs).
Papers:
T. Fox-Brewster, “All that’s needed to hack gmail and rob bitcoin: A name and a phone number”.
T. Moore, T.Kosloff, J. Keller, G. Manes, and S. Shenoi, “Signaling system 7 (SS7) network security,” 45th Midwest Symposium on Circuits and Systems, 2002
Peeters, Christian, et al. "Sonar: Detecting SS7 redirection attacks with audio-based distance bounding." 2018 IEEE Symposium on Security and Privacy (SP). IEEE, 2018.
”SMS SS7 Fraud”: https://www.gsma.com/newsroom/wp-content/uploads/2012/12/IR7031.pdf
What are the good journals that we can publish research work on
- Internet of Things (IoT)
- Cryptocurrency/Block Chain work
Probably the most visible application of blockchains right now isthe virtual currency Bitcoin – which has often hit the news for rapid gains in value – but in fact there are over 2,000 other tokens and currencies based on distributed, cryptographical technology.
Collectively they are known as cryptocoins or cryptocurrency, and each one claims to fill a role or solve a problem in some way, better than other solutions which have come before it. The unifying factor among them all is the concept of blockchain, and its ability to establish identity and ownership, record transactions and enforce “smart contracts”.
Over the past decade the financial services industry has been disrupted by a range of new technologies. This has included the launch of new, private, digital currencies such as Bitcoin. In this environment, central banks are considering how they can take advantage of these new technologies to help deliver their core functions.
Paper:
Received from the above database :
A blockchain is a peer-to-peer distributed ledger (information recorded in a shared database) that enables open and trusted exchanges over the internet without using central servers or an independent trusted authority. Using consensus, a shared record is distributed to all participants in a network to validate transactions and remove the need for a third-party intermediary. In short, blockchains facilitate transparent, verifiable, and secure digital asset transactions with both proof of rights and ownership.
Blockchain has its origins in the secure exchange of digital currency – such as Bitcoin – but its applicability is extending far beyond digital payments and into a number of different industries including financial, healthcare, government and even telecommunications. In fact the number of use cases for blockchain is actually quite astounding:
Yes, the U.S. dollar hegemony is still hunting around the world. This is not an academic judgment, but more or less, this is the truth.
How can the bitcoin beat U.S. dollar and restructure a new world financial order?
Thanks!
I have found some definitions regarding such concepts but not adequate enough to fully understand the essence of the above issues:blockchain, bitcoin
We all know crypto are something virtual, intangible products. But it makes people crazy by its high interest, as Bitcoin was and will be raised value by people demand.
Part of the investors trading, others holding, and some MINING.
If you take sometime to do research on crypto, mining is the way to get new coin as a reward, in order to do so people buying bunch of machines called " miner" . In my country , an average mining person consume 200 million VND which around 10.000$ per month. Just imagine how much electricity have been wasted by that.
- I myself approve this "currency of future" , but wasting resources for your own sake is worth it? I don't think so. Some people litteraly exchange Mother Earth life for unreal thing we called crypto. Someone should have talk about this more.
I would like to hear your opinion. I will be more happy to see everyone have a long discuss about this topic. Thank you!
The crypto-currency market witnessed a huge bull run in 2017 with Bitcoin touching $20,000. However, Since Mid Jan 2018 to June, it seems people have lost interest in the crypto markets.
Please provide your thoughts, opinions, data etc on how you see the future of Crypto currencies.
As we know, one of the pillar of democracy is fair election without any fraud. Because, in almost every country, the procedure of election is accomplish by the government, the risk of manipulation of election result is very high. Election must be accomplished independent of government. As you be familiar, bitcoin algorithm is completely independent of any authority and hacking of it is almost impossible. It is a electronic money which probably is a best choice for the future. So my question is why until now there is not any application of such algorithm for election purpose? or is this a good idea to use such algorithm for the purpose of election?
Bitcoin value seems to be increasing, which may trigeer interestet of some Cryptoanalyts to break the code and get access to its assett.
Did someone of you ever tried to apply Metcalfe Law in determining Bitcoin price? If so, can you show calculations? I would like to replicate the model of Thomas Lee from Fundstrat which discovered that 93% of the price can be explained by that equation
We all know that blockchain is slowly taking over the digital side of the financial sector. But then there is tangle which is created to address the issues faced in the blockchain. But tangle has its own issues as well.
Which one do you think gonna win this race? Blockchain or Tangle?
The promulgation of bitcoins has turned both market players and potential market players into "investomania" across the world. For instance in Kenya, about 2.5% of our GDP (that is approximately KShs. 163 billion or USD 1.63) is currently invested in bitcoins. in the US on the other hand, the price of a bitcoin increased by about 1,600 percent from the close of Dec. 31, 2016 to the close of Dec. 14, 2017. Kevin O'Leary of Shark Tanks refers to investment in bitcoins without adequate knowledge as "cocktail for disaster", Warren Buffett prophesies that it'll “come to a bad ending,” and JP Morgan Chase CEO Jamie Dimon, describes it as a “fraud”. Of course other investors like FUBU creator and Shark Tank investor Daymond John are mesmerized about it. So here is the question: is bitcoins really worthwhile investment or just simply a fraud? Does the market fundamental values of bitcoins comply with liquidity preference theory?
We would be glad iy you would help us about: After saying your country and figuring out the situation of bitcoin and other currencies in your country, you can tell us your government's action for taxation for crypto currencies' transactions.
Money is believing, trust. People less and less trust in States. Is it possible to find ways to correlate this mistrust with the raise in power of a new non-state linked money?
Assuming Bitcoin is a speculative bubble, I would like to collect as many opinions an the time of implosion and maximum market cap/price
I want more projects for the following algoritms
merkle tree algorithms
block chain algorithm
bitcoin and Etheruim algorithms
important software
I want to conduct an empirical research from an India/emerging Asian economies perspectives. I have studied some literature on:
1. Cryptpo Laws of biggest markets (US,Japan, China) - ICO provisional ban etc
2. Global events - Venezuela hyperinflation, Greece bailouts, Brexit…)
3. Technological events - New Programming developments, Smart contracts new features, cybersecurity - leaks/enhancements/code loopholes,
4. Data Science - Algorithmic trading, Arbitrage events in certain exchanges
My university has begun charging an arbitrary "maintenance fee" as a percent of unrestricted research accounts (e.g. reverse interest).
Are you aware of any other university that does this?
If so - do you have any recommendations on how faculty can save enough unrestricted funds for a large purchase (e.g. a PhD student-year or research equipment) without having it potentially undercut by an arbitrary fee hike in the future?
While reading an editorial expression in a news paper, I was thrilled to realize the innovative reality..that .. a diamond has an atomic sized imperfection known as nitrogen vacancy center. Deleting a carbon atom near the nitrogen leaves an empty space for stashing data. The storage capacity is being projected million times more than common DVD kind of storage. Eager to know and get educated for its prospects and potential with possible threats too.
I think the research conducted by Markus Oermann and Nils Tollner did a very good beginning. However, it seems that there are more things needed to be done.
Reference:
Gasser, Urs, Ryan Budish, and Sarah Myers West. "Multistakeholder as Governance Groups: Observations from Case Studies." Berkman Center Research Publication 2015-1 (2015).
Complementary and/or virtual currencies are diffusing especially in Europe after 2008. At the same time, In Iceland and Finland the debate about monetary sovereignty seems politically relevant. Notwithstanding, I did not find news about the regulation of complementary and/or virtual currencies in those countries.
One ex-VP at a big investment bank said once that it uses Racorean’s equation (see. http://arxiv.org/abs/1307.6727 ) for pricing bitcoin options.
-σ^4/r(σ^2+r) (d^2 ψ_((S) ))/(dS^2 )+1/S^2 ψ_((S) )=r/σ ψ_((S) )
Is there anybody else that uses the time-independent pricing for pricing bitcoin options or for trading binary /weekly/American options?
Will this currency replace other electronic calculations?
As Bitcoin becomes more and more popular throughout our digital world, many questions arise as of the importance of cryptocurrencies and their economic and legal aspects Moreover, the anonymous nature of cryptocurrency transactions makes them well-suited for a host of nefarious activities such as money laundering and tax evasion. So are cryptocurrencies the most serious threat of traditional monetary system?
Everyone seems to quote 'market cap' (price*total volume) but this seems to be of pretty limited value, particularly if you want to have a measure of the relative utility or use of a cryptocurrency. Can anyone suggest some alternative metrics? It seems that there's an entire field here yet to be developed.
In consideration of uncertainty with foreign exchange rate change
