Gold standard mining

1.

Based on these two situations, price fluctuation seems to occur within 18 months after each halving. However, the data is still insufficient for proper analysis and price forecasting model

Will history repeat itself< p> It is important to note that in terms of the number of bitcoin holders, market value, regulations and the overall outlook for cryptocurrency, there are huge differences between 2012, 2016 and 2020. For example:

market value: November 2016 - & gt; $11 billion, December 2019 - $132 billion

daily trading volume: November 2016 - & gt; 84 million US dollars, December 2019 - 17 billion US dollars

e to the increased public awareness of bitcoin and the interest of institutional investors, the risk is higher this time. Although many other cryptocurrencies have been introced since 2016, BTC's dominant position is still 66.6%. As a result, the bitcoin miner is unlikely to switch to other coins, which means that halving may have a long-term impact on bitcoin prices

However, the main gain is that there is a certain correlation between the halving of bitcoin reward and the price fluctuation after the event. These supply changes happen every four years, and it's interesting to watch their impact on the price of the bitcoin

2. It can be, but I personally don't think bitcoin will be adopted by the mainstream public, because you have to know that no matter at all times and in all over the world, the mining rights of gold and silver mines are strictly controlled by the central government, private mining is a capital crime, and bitcoin can be mined by indivials who buy a machine. In addition, the gold standard has been eliminated by history

3. Since its global launch on November 24, 2019, Odyssey mining has experienced a month's market downturn (without going to the exchange, of course), and then ushered in the market boom of Odyssey mining on December 26, 2019 after fully opening up the function of charging currency in WBF exchange. Therefore, ODY (Odyssey) Odyssey mining is not the international project that came out at the end of 2019, but rather the international market for the market officially launched in 2020. The ODY (Odyssey) Odyssey mining project is rarely known in China. This is the opportunity. The main way to make money is to rely on time machine. The ODY (Odyssey) Odyssey mining mode is very powerful and the system will be awesome for a long time. No matter from which angle to study Odyssey mining, it is a rare good international project. Why do the top Internet giants agree with this international project? Because it is difficult for ordinary people to understand Odyssey mining, its unique two-tier system, al currency system, gold standard, defoaming mechanism, sticky mechanism and many other excellent models and systems make Odyssey mining have long-term vitality, which can benefit many ordinary people in 2020 and make a lot of money for the lucky people. I always envy others for doing a project and making millions of money. I am always an onlooker. Have you ever thought that you can become such a successful person. What's the difference between us and them? The difference lies in the admission time after a good project, which is crucial. Odyssey mining is such a rare good project, which can't be missed. Move quickly
pay attention to the Odyssey Odyssey self study website: www.wzfcgf.com

4. Pishon platform, the real blockchain smart contract DAPP, all the program rules are deployed on the (wave field) public chain. People can't tamper with it. The project is open and transparent. Everyone can check the wave field blockchain browser. All the gold goes into the superconcting pool. The funds of the superconcting pool are stored on the chain, open and transparent. All the funds are 100% exchanged for the mining output PIs, PIs gold standard value, There is huge room for appreciation in the future, and the potential of 100 times currency is unlimited.

5. Pishon platform is good. It is the first superconctor mechanism in the world, with decentralization and smart contract,; Execution on the chain. All data are public. Fair, just, open, transparent, smooth trading, all gold into the superconcting pool, by the contract execution and publicity, PIs output absolute gold standard value, is expected to exceed 100 times.

6. Pishon platform is good. It is the world's first superconctor mechanism. It is decentralized, intelligent contract, chain execution, data open, fair, just, open and transparent, and the transaction is smooth. All gold goes into the superconctor pool, and the contract is executed and publicized. PIs proces absolute gold standard value, which is expected to exceed 100 times.

7. The essence of bitcoin is a set of distributed ledgers. Generally speaking, miners are many accountants who have one ledger. Because accountants or reimbursement people may make false statements, only when an account is recognized by enough Accountants (generally speaking, six are enough) can it be effective. These are the six confirmations. The process of accounting is mining, which needs electricity
the function of bitcoin, or the dream of its followers, is to realize the gold standard monetary system (in fact, there is no upper limit for gold, but bitcoin has a total limit), and create a currency with a slowly increasing supply and a total limit. Thanks to the distributed database, the transfer of bitcoin does not need to go through a third party and is irreversible. This is a very important feature, and this is its potential
with the graal rection of output, the value will graally increase in the long run. There are more and more audiences
e to the limited level, my explanation may be different, but this is generally the case.

8. Mining is the use of bitcoin mining machine, which is used to earn bitcoin

one of the ways to get bitcoin is that users download software from personal computers and then run specific algorithms to communicate with remote servers to get corresponding bitcoin

bitcoin is a kind of virtual currency. Bitcoin mining system is the process of carrying out mathematical operation for bitcoin network through computer hardware. Miners who provide services can get a reward, because the network reward is calculated according to the tasks completed by miners, so the competition for mining is very fierce

mining is actually a competition of performance and equipment. The mining machine composed of many graphics cards, even if it is only hd6770, the computing power after "grouping" can surpass that of most users' single graphics card

and this is not the most terrible. Some mining machines are made up of more such graphics card arrays. When dozens or even hundreds of graphics cards come together, the graphics card itself costs money. Considering the cost of hardware and other costs, there is a considerable expenditure in mining.

10. Not only is there a bubble in the bitcoin economy itself, but even in bitcoin articles. A few weeks ago, I wrote some essays about my understanding of bitcoin; But my feeling is that I can't say exactly what bitcoin will look like in the future. And for all of us, what the future of bitcoin will be is probably one of the reasons why people are interested in this phenomenon. Therefore, instead of trying to judge in an unfamiliar field, I made contact with a number of economists involved in this field, who made a brief exposition of the future of the currency. It should be pointed out that I only seek the opinions of these economists through informal channels, so their statements on the future of the bitcoin are probably not so serious. Interestingly, many professors have not even heard of bitcoin, so they have not discussed it. I will probably consult them again later this year. Fortunately, I finally found some economists who are willing and able to participate in this topic. Here are their views on the future of bitcoin. Chris Robert, Professor of public policy and economic development at Harvard University: if a lot of smart people choose to believe more in a monetary system built and managed largely by anonymous computer hackers than in a monetary system built and managed by a real government, Then it can only be said that there are some problems. Fortunately, the situation we are facing is not so bad. For now, bitcoin is still largely a matter of media speculation, which comes from the ongoing financial turmoil and growing distrust in the global financial system. But this kind of media speculation is likely to prolong the ration of financial speculation. In this period, more and more financial experts will seek a new bubble and profit from it. Compared with corporate securities, futures and even derivatives, bitcoin's basic sense of value is more limited. Disintegrate and torn by dissension, the new loopholes will not lead to collapse of all the things. All of us do not care about the lack of anonymity. People who lose their private keys and may damage a small part of their wealth will not complain too much, and the improvement of the "mining" Trojan will not cause a sudden impact on the supply of bitcoin. Profit from any type of bubble may be a risky business, but there is no shortage of people who are willing to go all out in the global economy. Therefore, as an exciting new tool for financial speculation, bitcoin may continue to exist in the future. Robert McMillan, former FTC and Stanford economist, HNC advisors, head of portfolio management and director of quantitative research at investment companies: bitcoin is doomed. It's an unchangeable fate. Bitcoin has great value, such as easy to store, difficult to steal, and difficult to forge trading media. In particular, it will not cause species extinction (such as white oyster teeth or ivory), and will not cause direct damage to the environment; Unfortunately, anyone familiar with Paul Krugman's statement of "liquidity trap" knows that bitcoin's known and limited supply means that it is doomed not to be an effective alternative currency. In addition, bitcoin has no obvious use value (which is different from platinum), so it will be completely destroyed. However, the defect of bitcoin is proced in the process of its implementation, not in the idea itself. In my opinion, bitcoin will soon face competition from the new entrants of "currency 3.0" in this field. These new entrants will repair the defects of bitcoin, so they are more likely to realize the gold standard of currency acceptance, that is, to introce another important currency into the liquidity market of foreign exchange forward trading. In any case, we should pay attention to these new currencies. Their "mining" costs may be high, and their supply is unlimited, even with use value (such as passwords). In other words, the currency that really changes the market may be coming soon Matthew bishop, senior editor of the economist in the United States: as I recently published my e-book "in gold we trust?" on the future of money As pointed out in, the revival of gold and the emergence of bitcoin are just two sides of the same coin; In the era of "quantitative easing", the market has lost the sense of trust in the health of "legal tender" supported by the government, and both of them are the market's response to the lack of trust. I think that bitcoin and other digital money algorithms developed in Silicon Valley to control supply will help create a good way to store value. For these digital currencies, the biggest risk is that the government may take action to destroy alternative currencies other than legal tender. But what happens if a sovereign also issues an algorithm based currency? Will it push legal tender out of the market? Brett Gordon, a professor at Columbia University's business school: there are two main areas of discussion about the future of bitcoin. The first area of discussion is based on the short-term future. The focus is on when the bitcoin is a bubble. When will the bubble burst? As everyone knows, it is difficult to predict when a speculative bubble will end. If someone can be lucky enough to accurately predict the time of burst, then we can make a lot of money with this prediction. However, for us ordinary people, it is unrealistic to do this. Bitcoin's price chart reminds me of the Nasdaq market between 1995 and early 2000. Obviously, there are obvious differences between them; But in my view, what happened in the Nasdaq market ring this period can represent many of the price bubbles that have not yet been broken. From the trend chart of Google Trends, bitcoin also presents a similar form, indicating that when the media craze about digital currency graally fades, investors' interest in this kind of currency may also fade. The second category focuses on the long-term future of bitcoin. The focus is: what will the bitcoin market look like in the next five to ten years? Compared with predicting when the bubble will burst, it is more difficult to predict the long-term future of the bitcoin market. I think one of the important contributions of the bitcoin market is that it can serve as a "proof of concept" for decentralized secret money. Bitcoin has two advantages. One is that it is deflationary in nature; Second, transactions using bitcoin are anonymous. Given the recent series of financial crises and growing concerns about online privacy, these two benefits are good for bitcoin, as well as for any secret currency that will rise in the future. Peter Rodriguez, a professor at the University of Virginia's Darden School of business: at first glance, bitcoin is nothing special; In fact, almost everything can be used as "pseudo money.". Moreover, deep concerns about fiat money and measures to avoid the risk of relying on central banks are nothing new. In fact, in the post gold standard era, the popularity of legal (paper) money is surprising. However, when the market's confidence in fiat money graally weakens, people will turn to recognizable and reliable value storage methods, which is not unimaginable in the current world. After the fall of the Berlin Wall, Russia and other countries separated from the former Soviet Union used highly functional "Trinity" currency substitutes, that is, cigarettes for small items, vodka for medium items, and French brandy for high price items. To some extent, bitcoin is just a package of virtual cigarettes; But on the other hand, this virtual currency is revolutionary. Cigarettes have inherent value, and can be used for many purposes like cotton, even a little like gold; In contrast, the pricing of bitcoin is spontaneous, and its applicability as an alternative currency is not as good as paper currency or baseball card. Therefore, if bitcoin can establish its own value and let investors have confidence in it for a long enough time, the mechanism that can eventually turn this currency from a popular means of value storage into a real currency may begin to form and develop; Then bitcoin could become a reliable trading medium and index value, having its place in the world's monetary system. Even if bitcoin is only used to measure the value of goods ultimately traded in "real" currency, it will become a brand new thing, that is, real virtual currency regardless of country, rooted in the market's confidence in the whole set of rules established around this currency. Of course, bitcoin may "implode", which is not extremely impossible; However, any currency will always be tested, and all currencies have experienced a survival crisis.