Bitcoin ha tenido un buen desempeño y constantemente se ha abierto camino hasta la cima entre las criptomonedas durante los últimos 12 años. Por supuesto, Bitcoin tuvo una ventaja inicial ya que fue la primera criptomoneda en lanzarse, pero Bitcoin sigue siendo una opción de inversión entre muchas otras.

Un buen inversor siempre busca obtener ganancias y está observando las tendencias para ver si vale la pena invertir en un producto. Si los cambios en la sociedad o la inversión lo hacen más deseable, entonces la demanda de esa inversión probablemente aumentará, y si la oferta no cambia, también lo hará el precio del producto con el tiempo.

Un buen inversor analizará los tiempos y determinará si el precio subirá, pero comprará el activo cuando aún sea bueno y bajo para venderlo más tarde cuando el precio suba. El clima actual que hace que los inversores se sientan precarios sobre sus opciones es Covid-19.

La pandemia

La pandemia ha afectado inversiones como el mercado de la vivienda porque la gente no paga sus hipotecas porque están perdiendo sus trabajos. Las inversiones que requieren que ingrese al lugar se han visto afectadas debido a los bloqueos gubernamentales y las diferentes condiciones de bloqueo de niveles.

En el Reino Unido son tres niveles. El nivel 1 limita las reuniones a grupos de 6 en el interior o al aire libre, lo que significa que los restaurantes y cafés ya no pueden beneficiarse de reservas de más de seis.

El nivel 2 significa que no puede socializar con nadie con quien no viva en el interior, pero se le permite reunirse en grupos de seis al aire libre. El nivel 2 afecta a pubs, clubes, bares y cualquier lugar de fiesta, como una pista de patinaje o una bolera.

El nivel 3 significa que no puede socializar con nadie con quien no viva.

Los niveles han significado que determinadas inversiones no son acertadas. A pesar de la pandemia, Bitcoin ha seguido aumentando.

¿Cómo se compara Bitcoin con otras inversiones?

Para el 31 de diciembre, el gobierno de Wuhan, China, confirmó que estaban lidiando con docenas de casos de Covid.

Mirando el gráfico, está claro que Bitcoin subió constantemente con un impulso alcista desde diciembre hasta febrero. El movimiento alcista está indicado por la continua aceleración hacia arriba de la vela a lo largo del tiempo.

La tendencia bajista quizás se deba a que el 11 de marzo la Organización Mundial de la Salud (OMS) declaró una pandemia. En marzo, la divergencia de convergencia de la media móvil (MACD) fue densa y roja para indicar una acción bajista.

Muchos mineros tienen su sede en China, por lo que los inversores podrían no estar seguros de cómo Covid-19 afectaría el rendimiento de la moneda.

Central banks and corporations are racing for digital payment infrastructures. A blog post by the US Federal Reserve argues why a state digital currency (CBDC) would be a better solution.

Has the cash had its day? Surveyprove that in the wake of the corona pandemic, Germans are also increasingly paying digitally. This global trend can be explained by increased hygiene and comfort. Data protectionists are still alarmed, because cashless payments create an unimagined amount of data for corporations such as PayPal , Visa, Google and Facebook . Could privacy be better protected with central bank digital currency (CBDC)?

At least that’s what Rodney Garrett and Michael Lee claim in a blog postfrom November 23rd. The economist from the University of California at Santa Barbara and the researcher from the New York arm of the US Federal Reserve discuss a jointly published paper. The two describe CBDCs as “inexpensive, privacy-protecting electronic means of payment.” On the other hand, they reject Bitcoin and Co. because of high transaction costs.

Private payment platforms and the data monopoly

Garett and Lee first ask about the effects of digital payment infrastructure in private hands . As is usual in economic research, the considerations of the two authors are based on a number of model assumptions. They assume that companies use data to gain a competitive advantage and that consumers choose between different payment models based on the price. As digital payments promise user data, companies would create incentives for their use. As a consequence, according to the model, a data monopoly is forming on the market:

A company that gains small information advantage early on will aggressively price to increase its share of consumer data and monopolize the market in the long run. In such a market, we find that the monopoly controls the vast majority of the data and is able to offer a product that is far superior to its competitors‘ products.

What is beneficial for this company turns out to be a disadvantage for end users. Because only a fraction of the added value that has been generated by their data actually reaches them. With a CBDC, however, the calculation is different.

CBDC: When digital infrastructure meets cash

Digital central bank money goes hand in hand with the same convenience for consumers as private payment platforms. Still, a Garrett and Lee model CBDC offers the same wealth of privacy as traditional paper.

This gives end users another benefit. Because if private providers want to access consumer data, they have to make payment processing cheaper via their own platforms than via a CBDC. It is irrelevant whether consumers actually make use of the digital cash. The mere presence of a CBDC creates incentives for remuneration for disclosing one’s own data.

The reasoning of the two researchers is based on the assumption that central banks are not after profit and therefore have no use for user data. CBDCs could therefore help to save the anonymity of cash into the digital age. This conclusion may be correct for liberal democracies. In the case of China and comparable autocracies, however, state digital currencies in particular open up frightening monitoring and control options.

Today Bitcoin celebrates its 12th birthday. On the occasion of the festive day, nine US celebrities, including Charlie Sheen, Soulja Boy and David Hasselhoff, the most famous crypto currency, congratulate Bitcoin on its birthday. The world’s most famous lifeguard now climbs to new shores and reveals himself as a self-proclaimed Bitcoin creator.

Today, 12 years ago, the most famous crypto currency in the world was born: Bitcoin. On 31 October 2008, digital gold saw the light of day. This seems to please not only the crypto-community. Nine Hollywood celebrities, who were sponsored via the video sharing platform Cameo, congratulate Bitcoin via video message on the twelfth anniversary of the white paper’s publication. Among the celebrities are actor Charlie Sheen, radio presenter Charlemagne Tha God, RZA of the Wu-Tang Clan, animal rights activist Carole Baskin and David Hasselhoff. David Hasselhoff, who brought down the Berlin Wall with his singing skills and has been in the headlines again and again recently because of his alcohol-related escapades, also reveals himself to be the inventor of Bitcoin.

Crypto security company makes a joke

The videos were paid for by the crypto-security company Halborn, which serves customers such as Coinbase, IBM and AVA Labs. Rob Behnke, Halborn’s co-founder, explains that „cyber security can be a somewhat dry industry that takes itself too seriously“. Yet his employees play in bands and fool around when they’re not winning a hackathon or looking after their customers. So why not have a group of celebrities congratulate Bitcoin on its birthday? (The message of a celebrity costs between 50 and 2,500 US dollars).

Did „Da Hoff“ invent Bitcoin?

The videos show stars and starlets, including musicians and comedians from Hollywood who, admittedly, are not very familiar with digital currency. While US radio presenter Charlamagne Tha God asks whether the images he finds on Google under „Satoshi Nakamoto“ actually represent the Bitcoin creator, Two-and-a-Half-Men actor Charlie Sheen also admitted that he „doesn’t know very much about Bitcoin“. Nevertheless, he praised Satoshi Nakamoto for his innovation and the chance to invest in BTC. Above all, David Hasselhoff delivers a show-stopping film version of himself, leaning back and lolling in front of his swimming pool, and revealing himself as the self-proclaimed inventor Satoshi Nakamoto.

I would like to tell the world something […] Bitcoin was not invented by Satoshi Nakamoto. Bitcoin began with ‚Da Hoff‘. I, David Hasselhoff, invented Bitcoin, and I will keep what I know about Bitcoin a secret,

claims the actor. Many legends and mysteries surround Satoshi’s true identity. Therefore even David Haselhoff can claim to have invented the internet currency. His bold statement is of course met with considerable scepticism.

Bitcoin in retrospect

In any case, it is clear that 12 years ago today, a person or group under the pseudonym Satoshi Nakamoto presented on the Bitcoin.org website the white paper they had developed, „Bitcoin: A Peer-to-Peer Electronic Cash System“. In the whitepaper, Nakamoto describes how a decentralised yet secure digital currency works. The eight-page whitepaper can be found here in PDF format.

It took Satoshi Nakamoto until January 2009 to create the first Genesis block of the Bitcoin Blockchain. With this he created the crypto currency Bitcoin. At the same time Nakamoto published the software of the crypto-currency as open source code. At that time Bitcoin 0.1 appeared and the first of the maximum 21 million possible BTCs were „dug“.

The first transaction in which BTC was exchanged for a real good took place on 22 May 2010. A day that has since been celebrated as Bitcoin Pizza Day. On that day, a seller agreed to exchange two pizzas for 10,000 BTC. Measured by today’s BTC value, the two pizzas thus cost 113 million euros.

Wu-Tang Clan expects Bitcoin revolution

Finally, the producer and rapper of the Wu-Tang Clan, RZA, says in the recording that he knows that the popular crypto currency was created by the anonymous Satoshi Nakamoto, who does his „Thang“. And he would like to add the following:

If you do not know, you should know better: At the end of the day scientists can create something, but the value of everything is what we put on it. The Bitcoin revolution has begun.

Mining with homemade equipment is back in fashion, so here’s what you need to know to build your own mining rig.

At a time of global crisis, a pandemic and a generally unstable political and social environment, cryptomonics shows remarkable stability. In addition, the economic recession induced by the pandemic played into the hands of the industry not only by attracting professional crypto traders, but also by reviving mining as a way to generate passive income.

It is not surprising that countries in difficult political and economic situations have experienced a boom in the purchase of graphics cards in recent months. In the Abkhazia region, where all cryptomone-related activities are illegal since 2018, citizens spent more than USD 500,000 on mining equipment over a six-month period.

Commodity trading gets sweeter with blockchain-based sugar trade

Another factor that has worked to further popularize mining is the strong prices of cryptomonies. Bitcoin (BTC) increased by almost a third, while Ether (ETH), the most popular currency for mining, added USD 150 to its price and the DeFi-mania meant that gas rates reached unprecedented levels.

So, here’s how to put together your own mining rig, and an exploration of whether it’s necessary to do so, given all the risks involved.
Components of a mining rig

A crypto coin mining equipment consists of a computer that has many graphic cards but no monitor. Computer cases are filled with GPU cards, a power supply, a motherboard, and a cooling system. If a monitor is connected, it can become a normal computer where a user can open a browser or play his or her favorite video game.

The computer is connected to the Internet, and therefore, to the blockchain network. The network operates by itself to make monetary transactions using the power of graphic cards. To be more specific, a mining rig consists of

A motherboard, which has the ability to connect several graphics cards.
A hard disk drive, or HDD, with 100 to 250 gigabytes of memory to hold the crypto wallet, with an Ether wallet usually occupying 25 GB and a BTC wallet requiring 50 GB or more.

Several GPU cards, which are the most important components of a platform because they are the basis that defines the crypto-currency that a user will extract, along with his future earnings and his timeline.
A power source. A computer with four GPUs often requires more than one power unit. Typically, miners have a few 750-watt units connected to each other.
A power adapter for GPU cards. Video cards are connected to the motherboard by special extension cards called „risers. There are many different types and models of risers, but the PCI-E 1x version 006 is the most popular.
A power switch
One cooling system, and it is preferable to have several chillers to provide additional airflow

Another important detail is the frame of the equipment. It is better to make a wooden or aluminum frame. The size of the mining platform will be a little bigger than its frame due to the protruding parts, the adapters and a cooling system. For example, a seven-GPU platform will be approximately 21 inches wide (53 centimeters), 12 inches deep (30 centimeters), and 12 inches high (30 centimeters).

3 Reasons Why Bitcoin Suddenly Dropped 3% in 1 Hour and Recovered

After buying all the components of the equipment, it is time to assemble it, which is a fairly easy task for a person who has experience with computer hardware. Also, there are many guides on YouTube.

When the computer is ready, all you need to do is install some software, i.e. choose a program to mine the currency of your choice. Another way is to find a mining pool, which is a popular way to mine, as it is becoming increasingly difficult to do so individually due to the growing complexity of cryptographic mining. There are also some tools available such as TeamViewer, for remote control, and WatchDog, which automatically restarts the system if the program freezes.

¿Planea comprar Bitcoin?

A diferencia de un sistema de moneda tradicional, Bitcoin requiere tecnología de billetera para almacenar su moneda. Una billetera digital es sólo una pieza de software, y discutimos esto en detalle a continuación.

Seguridad

Ante todo, las buenas carteras permiten transacciones seguras y rápidas. Con una cartera Bitcoin, es fácil transferir dinero a cualquier otra cartera en cualquier momento. Estas carteras digitales están compuestas por muchas medidas de seguridad, normalmente con una contraseña y, en algunos casos, con una tecnología de acceso aún más segura, como las huellas dactilares.

Volatilidad de Bitcoin

El valor del precio de los Bitcoins puede aumentar o disminuir en otras ocasiones. Depende de la liquidez del mercado. Si ha comprado 1 Bitcoin por 10.000$ en un momento dado, el valor puede aumentar a 12.000$ en el siguiente mes o disminuir a 8.000$. Por lo tanto, use Bitcoin para comprar y vender, pero no ahorre Bitcoins como lo hace normalmente con el sistema de moneda tradicional. Porque, a veces puede duplicar el valor, pero a veces, tendrá que perder el dinero invertido en Bitcoins. El valor de Bitcoin se convertirá al valor actual de la divisa con el Sitio Oficial de BitcoinUp Trading App.

Irreversible

Al realizar la transacción de Bitcoin, los usuarios deben ser cuidadosos al enviar los Bitcoins a un receptor genuino y válido. Porque, si la persona que envía no es genuina, el remitente no podrá rastrear la identidad del receptor, para recuperar el dinero. Porque, en la tecnología de las cadenas de bloques, la información personal de los usuarios no estará vinculada a ningún bloque. Por ejemplo, puede enviar el Bitcoin a una dirección equivocada. Si el receptor es genuino, puede devolver el dinero; si no, perderá el Bitcoin enviado.

Privacidad

Es posible que sepa que todas las transacciones de un Bitcoin se almacenarán como un bloque en la cadena de bloques. Una cadena de bloqueo es un sistema transparente, en el que quien descarga el software de Bitcoin podrá ver los detalles de las transacciones como quién debe cuántos Bitcoins. Pero no podrán identificar la información personal del usuario, proporcionando así integridad y seguridad.

Una transacción con tecnología de cadena de bloqueo no puede ser manipulada por un usuario malicioso. Porque cada transacción tendrá un hash y ese hash será encriptado usando la clave pública y la clave privada. El hash de cada bloque se generará en base al hash anterior del bloque. Así, incluso un pequeño cambio en el bloque será conocido por el resto de los usuarios del bloque en la cadena de bloques. Si el usuario malicioso intenta modificar el hash, la secuencia de hash completa será más compleja de resolver.

Puntuación de confirmación

Cada transacción de Bitcoin tendrá una puntuación de Bitcoin, indicando si el pago es fiable y reversible. Si la puntuación de confirmación es 0, entonces el pago es irreversible, a menos que el receptor sea genuino. Una puntuación de confirmación de 1 indica que el pago de Bitcoin es en su mayor parte fiable. Una transacción de Bitcoin altamente fiable tendrá una puntuación de confirmación de 3. Para realizar transacciones de Bitcoin que tengan más valor, se recomienda tener una puntuación de confirmación de 6. Para realizar una transacción de emergencia que permita la interferencia humana, se recomienda una puntuación de confirmación de 30. La confirmación puede tardar segundos o 90 segundos o 10 minutos. Si el pago de la transacción es demasiado bajo, el mensaje de confirmación tardará mucho tiempo.

Impuestos

Los Bitcoins no tienen ningún intermediario de terceros para controlar la transacción. Pero aún así, pocos países imponen ciertas normas y regulaciones fiscales a Bitcoins. Así que, asegúrese de que, si tiene impuestos pendientes y los paga a tiempo.

Por lo tanto, este artículo ha discutido alguna información importante sobre los Bitcoins, que actúa como una guía para las personas que están interesadas en comprar Bitcoins.

In a new report, seven members of the BIS investigate which properties a CBDC should have in order to combine the advantages of a digital currency with the common goal of maintaining financial market stability.

The Bank for International Settlements (BIS) is an association of central banks from 62 jurisdictions. Its members include the Deutsche Bundesbank, the European Central Bank (ECB), the Chinese Volksbank and the US Federal Reserve System. Also known as the “central bank of the central banks”, the aim of the BIS is to coordinate the monetary policy of its member banks. Central Bank Digital Currencies – in short: CBDC – are among the topics that have been of concern to international central bankers, at least since the Chinese central bank went it alone.

How does a „CBDC“ have to be designed?

The authors of the report published on Friday October 9th – in addition to the ECB, the central banks of England, Sweden, Japan, Canada, Switzerland and the USA – first shed light on three principles that are essential when creating or issuing a CBDC pay attention to.

First and foremost is the principle that a CBDC should not negatively affect the core business of a central bank, which is to guarantee a stable financial market. Instead of competing with a national currency, a CBDC should complement or support this. This should be guaranteed, for example, by a fixed exchange rate of 1: 1 to the respective fiat currency.

This goes hand in hand with the second principle that the authors of the report want to see implemented at a CBDC: the coexistence of different forms of money. The introduction of a CBDC should not mark the end of cash. CBDC, cash and book money should exist in parallel and the central banks should continue to produce cash “as long as there is demand”.

As the third cornerstone, the ECB and Co. outline the topic of “innovation and efficiency”. In it, the authors describe the necessity of a CBDC in view of the growing number of alternative payment options that consumers are facing. If not explicitly mentioned, it can be assumed that the authors had Facebook’s planned stable coin Libra and cryptocurrencies in mind when they write:

Without continued innovation and competition to make a jurisdiction’s payment system more efficient, users can use other, less secure instruments or currencies. Ultimately, this could lead to damage to the economy and consumers, potentially affecting monetary and financial stability.

Libra’s wake-up call reverberates in the BIS to this day

Fears that can be heard from the BIS and its members since 2018, when Facebook presented its ambitious stable coin project. A “wake-up call” for the central banks, so the much-quoted reaction of the ECB board member at the time, Benoît Cœuré. Since this year he has been head of the “Innovation Hub” at the BIZ.

The thesis that the advance from the private sector in the form of Libra was needed for the central banks to seriously deal with the development of purely digital national currencies is supported by a graphic from the BIS report. This shows a significant increase in CBDC research at central banks in 2018. So far, however, very few have got beyond theory and have launched a pilot.

Characteristics of a „good“ CBDC

The report describesfurther 14 core properties that a digital national currency must meet in order to do justice to the principles described above. For example, there should be no or only low costs for the end user when using a CBDC; this also applies to any hardware acquisition costs. Acceptance and availability should also be ensured as far as possible. A CBDC should ideally be able to be used anywhere that cash is also accepted. This also includes the option of performing offline transactions.

In addition, a CBDC should be immune from both cyber attacks and external influences such as environmental disasters.