submitted by chriton_ to Rarible [link] [comments]
Bitcoin Fundamentals Limited Edition Collection is a set of limited edition cards which presents key moments in the development and evolution of Bitcoin such as the release of the Bitcoin Whitepaper or the creation of the Genesis block, and many others.
1. Number of cards to be issued
There will be 33 cards issued. Each card will present a key moment in the development and evolution of Bitcoin.
2. Number of copies for each card
Each card will have a limited number of only 21 copies ever created.
3. Card special values
Each card has points allocated for each of the 3 components in the 'Scalability Trilemma':
4. Release cycle
Each issue will be released at approximately every 210.000 seconds (~2.43 days) starting with October 18, 2020. The last issue is scheduled for January 03, 2021 on the 12th anniversary of the Bitcoin genesis block.
You can find the collection here: https://app.rarible.com/chriton/collectibles
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The financial crisis predicted by economists has finally begun. As we have seen, since March 9, 2020, the virus that has spread throughout the world has become a catalyst for a sharp decline in financial markets.submitted by FinnHe to Bitcoin [link] [comments]
The growing economic crisis has triggered collective panic, and for 99% of people, it is imperative to restore as much liquidity as possible. Logically, we are facing a liquidity crisis that is having a significant impact on the liquidity of all financial markets around the world. On Wall Street, the Dow Jones Index has fallen by 20% in the past 5 days. Over the past month, the Dow Jones Index has fallen by about 30%, and the S & P 500 has undergone the same adjustment.
In the rest of the world, the situation is exactly the same. For centuries, gold has been used as a safe-haven asset in times of crisis, but in recent days it has fallen by more than 10%.
When everyone is in panic, there is no safe haven at all. In this case, it is impossible for Bitcoin to not fall. Bitcoin is a highly liquid market, and it can even be said that it is the only truly free market in the world.
Even though Bitcoin has evaporated $ 60 billion in market value in just a few hours, it continues to operate, allowing investors to find equilibrium prices on their own.
Whether an asset has hedging properties requires long-term measurement. Similarly, the correlation between Bitcoin and other assets cannot be concluded in these days. At this point, if we step back, we can see the big picture instead.
Although the price of Bitcoin has changed, has its fundamentals changed? No, the fundamentals of Bitcoin March 18 are the same as those of March 1. Bitcoin still maintains good fundamentals, which gives us reason to be optimistic about the future of Bitcoin.
Bitcoin is as scarce as ever
The price of Bitcoin dropped from $ 9,000 to more than $ 3,000 within a few days. Its price has now stabilized at around $ 5,300. The current global situation is in turmoil, and panic in the market may cause the price of the currency to fall below $ 5,000 again.
However, no matter what the price of Bitcoin is, it remains as scarce as ever.
Bitcoin is still the rarest decentralized invention ever made by human beings, and no matter what happens, the maximum supply of Bitcoin will not change. No leader in this world can change the fact that the total amount of Bitcoin is 21 million.
So after the crisis, gold and bitcoin will eventually resume their roles, and when prices will rise again, those who have seized the opportunity will get huge returns.
Unique monetary policy
Bitcoin was created by Satoshi Nakamoto in response to the 2008 financial crisis. Realizing that the currency and financial system have reached their limits, Satoshi Nakamoto decided to officially launch the Bitcoin experiment on January 3, 2009, and wrote in the genesis block: The Treasury Secretary is on the brink of saving the bank for the second time. "
Therefore, we can also think that Bitcoin was created for what we will experience in the coming weeks or months. When Satoshi Nakamoto created Bitcoin, he hoped to obtain a scarcity similar to gold, so the longer it took, the more difficult it was to create a new Bitcoin. For every 210,000 additional transaction blocks, the number of newly mined Bitcoins will be halved.
Initially, for every additional transaction block in the Bitcoin blockchain, 50 new bitcoins will be generated, and by May 2020, the bit will be halved for the third time, after which each additional block will only add 6.25 BTC. Therefore, the number of new bitcoins created daily in the future will be reduced from 1800 to 900, which will have a certain impact on the total supply of bitcoin.
This single monetary policy is a huge advantage of Bitcoin over the current monetary and financial system. After the third Bitcoin halving, the annual inflation rate of Bitcoin supply will definitely fall below 2% to 1.8%. In the future, bitcoin's annual supply inflation will tend to zero, and will reach zero in 2140, at which time all bitcoin will be mined.
Bitcoin's monetary policy can protect what you have, and it was still valid when the Fed just decided to inject more than $ 700 billion in US banks. It can be said that from the perspective of how Bitcoin operates, the Fed still has a lot to learn.
Bitcoin network is still decentralized
Anyone can join the Bitcoin blockchain and become a node in the network. In the Bitcoin world, all users are equally important. All this makes Bitcoin able to withstand the obstacles of powerful people in the current system.
No one can stop you from using Bitcoin at will. At any time, if you want, you can sell all your Bitcoins. This is why the price of bitcoin has fallen sharply in the past few days. Bitcoin operates permanently by letting users determine its equilibrium price.
Once the stock price falls too fast, Wall Street will cease to trade. At this point, Bitcoin once again shows its superiority over Wall Street. The basic fact that Bitcoin is the only truly free market in the world has been proven again a few days ago.
Bitcoin remains a secure decentralized network
In its 11 years, the Bitcoin network has never been hacked. Bitcoin's security has never been breached and it's incredible to think about it, because hackers from all over the world have been trying to attack Bitcoin over and over again.
Still, Bitcoin has stood on its feet. The theft in the Bitcoin world exists only at the weakest link: trading platforms and users. Since its birth, Bitcoin has been operating normally 99.98% of the time. There is nothing enviable about the normal operation of Internet giants such as Google, Amazon, or Facebook.
However, Bitcoin's secure operation is based only on the user's computing power. These people are so convinced about the future of Bitcoin that they have been providing more computing power to the network.
At the beginning of 2020, the hashrate of the Bitcoin network reached a peak of 130TH / s. The recent drop in the price of Bitcoin and the accompanying collective panic have led to a decline in computing power, but currently still maintain the level of 100 TH / s.
In this crisis, Bitcoin remains the most secure decentralized network in the world. Secondly, you should notice that the basic situation of Bitcoin has improved a lot since the end of 2017. Due to the sharp increase in transaction volume at the end of 2017, the overall network speed has slowed down, but this time, Bitcoin standing in the storm has been able to absorb an entire transaction volume peak without any stalls.
Bitcoin still belongs to everyone
The high fluctuations in the price of bitcoin in the past week remind us that bitcoin still belongs to everyone and everyone can sell bitcoin freely. When Bitcoin depreciated by 50% within hours, the transaction continued.
At the same time, once the market falls more than 7%, Wall Street will suspend trading for 15 minutes. This fusing mechanism has been applied several times since the liquidity crisis broke out in the market.
Wall Street is not a free market. It belongs to a few powerful people who protect their interests at all costs. Once the market does not turn around and continues to fall, Wall Street will call on the Federal Reserve to maintain the current system.
The Federal Reserve ’s monetary stimulus measures have become less and less effective. It cut interest rates by 100 basis points on March 15, 2020. At the same time, it introduced a quantitative easing plan to reduce the bank deposit reserve ratio to zero. This series of measures was even affected Opposition to Wall Street. Once again, Bitcoin stands out in the current system with its strong fundamentals.
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Bitcoin (BTC) Fundamentals Welcome fellow traders! Get started by subscribing to this channel. Tips Welcome: .01 Litecoin to LQBNdFsKmHWkwJUyAJVJA9yAW6Y4ByjP5L Bitcoin Fundamentals If you own 0.22 BTC, You Are In 1% (World's Population) - Duration: 7:01. Aimstone 24,206 views. 7:01. Pomp Podcast #251: Mark Yusko on How we got to QE Infinity from the ... Daily Live Stream Here: https://www.twitch.tv/c0tt0nc4ndyta ️ Support the channel with donation here: Patreon: https://www.patreon.com/join/2234107/checkout... watch this playlist to know more about bitcoin and blockchain fundamentals, their real features, and why they are important in today's life. Don't miss this ... Bitcoin and crypto do have fundamentals and here they are. Crypto currency investing part 2: https://youtu.be/v5K-6RU9RA4 document from video. https://docs.g...