Bitcoin Forum
May 28, 2024, 02:29:13 PM *
News: Latest Bitcoin Core release: 27.0 [Torrent]
 
  Home Help Search Login Register More  
  Show Posts
Pages: « 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 [23] 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 »
441  Alternate cryptocurrencies / Announcements (Altcoins) / Re: | STRATIS | The first blockchain developed for businesses |Full POS on: November 17, 2017, 07:41:49 AM
bitcoin goes down all altcoins go down, bitcoin goes up all altcoins go down. might as well sell everything and invest in bitcoin. if stratis didn't have a lot of good news scheduled until the end of this year i would have surely done that.

You are partly right, current market is bitcoin bullish market, it`s hard to make a profit from your altcoin investments.
But i believe the main pump from the whales can be scheduled on spring 2018 or summer. A lot of investors bought Stratis coins on top, it may be difficult to make a profit in middle term. Anyway, i would not sell all stratis coins, maybe part of them.
442  Bitcoin / Press / [2017-11-17] Bitcoin Hits Record Just Days After a 29% Plunge on: November 17, 2017, 07:20:53 AM
Bitcoin has picked up right where it left off, hitting another record high to close in on $8,000 just days after a plunge of as much as 29 percent tested the confidence of advocates of the cryptocurrency.

Bitcoin climbed as much as 1.3 percent to touch a high of $7,994.56 for a fourth day of gains, bouncing back after erasing as much as $38 billion in market capitalization Monday following the cancellation of a technology upgrade known as SegWit2X on Nov. 8.

While multiple reasons have been cited for the price volatility, one of the more viable is that some investors were switching to alternative coins. Bitcoin cash, an offshoot of bitcoin that includes many of the technical upgrades being debated by developers, had more than doubled in the same period.



“My sense is that today’s rally is driven by a resurgence in interest and viability for the Segwit2x hard fork,” Spencer Bogart, head of research at Blockchain Capital, said in an email. “Despite the fact that it was called off, there is still some group of people that will follow through with the intended fork. As a result, I believe some capital is rotating out of other crypto-assets and into bitcoin to make sure they receive coins on both sides of the fork.”

Click here for an explanation of the technology behind the bitcoin and bitcoin cash fork.

The main difference between bitcoin and bitcoin cash is the block size -- the fundamental units that make up the blockchain at the heart of the cryptocurrency. Bitcoin cash offers a larger block that holds more data, meaning faster and cheaper transactions according to supporters of the new rival.

Those supporters view the size increase as the update bitcoin needed to become a better means of exchange to compete with payment services such as Visa or Master Card. Bitcoin handles about seven transactions a second, compared with around 2,000 for Visa.

This year’s surge comes as the digital currency starts to gain mainstream acceptance as a financial instrument after CME Group Inc., the world’s biggest exchange, said it would start bitcoin futures next month. Swiss structured products houses Vontobel AG and Leonteq Securities AGwill said Thursday they’ll offer separate products that will allow investors to profit if the price of bitcoin tumbles.

Source:
https://www.bloomberg.com/news/articles/2017-11-16/bitcoin-hits-record-as-monday-s-29-plunge-fades-to-memory
443  Local / Альтернативные криптовалюты / Re: [PRE-ANN] Платформа STRATIS | ICO | Начало продаж 20 июня on: November 17, 2017, 07:07:21 AM
Давно думаю приобрести немного стратиса, монета перспективная, команда сильная, идея хорошая, конечно хочется взять подешевле где-то на уровне 2.5-3$. Если биток вверх не пойдет, надо будет брать по текущей цене.
444  Local / Токены / Re: [ANN][TokenSale][BOUNTY] PROPY - Глoбaльный pынoк нeдвижимocти c Дeц. Peecтpoм on: November 16, 2017, 03:56:32 PM
Но не смотря на все неудовольства, звучащие здесь, PROPYсоздатели не унывают и продолжают трудиться))) А вот и очередной апдэйт
Я расскажу, в силу моего понимания написанного заморского Cheesy Следует отметить, что нижеследующими новостями они делятся с большой радостью! Итак, на этой неделе запланирован новый веб-интерфейс для листинговой платформы Propy; сможете просматривать свойства, используя ваш любимый браузер! Android-приложение также быстро развивается, уже реализовали основной функционал и уверены, что до конца этого года мы выпустим приложение!
Одной из основных тем Devcon3 была конфиденциальность данных; это следующий большой вопрос после задачи масштабируемости для Ethereum и является основным препятствием для правительств ускорить принятие блокчейн-технологии. Проблема довольно сложная, учитывая, что данные в блокчейне неизменяемы. Например, если ключ шифрования украден, невозможно будет просто расшифровать данные и повторно зашифровать с помощью другого ключа.
К счастью, в Propy мы давно осознали эту проблему и разработали криптографический протокол для работы с блокчейном и воспользовались гибридной криптосистемой и контролем доступа, которые основываются на клиентских сертификатах. Планируется, что этот протокол будет реализован к концу первого квартала или началу второго квартала 2018 года. Тем временем мы планируем опубликовать более подробную информацию об этом протоколе в нашем блоге. Поэтому следите за обновлениями. Вот какие-то такие, несомненно позитивные новости!


Не верю ни одному слову, почему не общаются с русскоговорящим комьюнити, цена токена в пыли лежит, Ико второе собрались проводить, на что и за что им еще деньги, ничего еще не сделано. Сколько они собрали, можно в пентхаусе отеля Украина жить до конца дней, как Аль Капоне.
445  Alternate cryptocurrencies / Altcoin Discussion / Re: OmiseGo on: November 16, 2017, 03:31:05 PM
By reading official OmiseGo twitter i concluded that they have only very superficial roadmap, they have nothing to show for the community. It was crazy to buy their tokens just because of Buterin`s advisory. No intrinsic value, or working demo, just good idea and Buterin. There's a rumor going around, that OMG will be pumped to the moon again by the end of the year, it`s only reason to buy it now and hold.
446  Bitcoin / Press / Re: [2017-11-15] Bitcoin can be hacked in 2027, Sydney scientists suggest on: November 16, 2017, 12:18:18 PM
Scientist and cryptography engineers have more than enough time to prepare for this quantum invasion, and there always will be exist a risk for BTC and any other cryptocurrencies to be hacked. But advantages from BTC/blockchain using and evolution are closing all gaps.
447  Bitcoin / Press / Re: [2017-11-13] Bitcoin retains its crown as crypto king on: November 16, 2017, 12:07:53 PM
I have some concerns few days ago, when people started to sell BTC to buy more BTH, cause i thought it looked like a world crypto redistribution capital process. But when the dust settled, we see that it was just the big whales`s game, lucky attempt to knock btc out of weak hands.
448  Bitcoin / Press / Re: [2017-11-16] Bitcoin Prices Could Reach $196,165.79 on: November 16, 2017, 11:57:39 AM
Strange number for a price prediction.
The article states that to reach that bitcoin will need to be pushed much more by the younger generation and that it will take time.
It doesn't give any time frame though.
Seeing these potential 6 figure estimates in mainstream media is becoming more common though

Don`t forget that according to the author, such high bitcoin value may be achieved in next generation. This is at least 20 years of BTC adoption and  integration into the world economy, real sector. From this point of view, figures may be even higher.
449  Bitcoin / Press / [2017-11-16] Russia Unveils Details of Cryptocurrency Bill Expected in February on: November 16, 2017, 08:59:12 AM
Russia’s Deputy Finance Minister announced that the cryptocurrency bill is expected to be ready by February 1. He then unveiled some details of the bill, including taxation and registration of crypto miners, trading restrictions for bitcoin, and initial coin offering (ICOs) regulations.

Crypto Bill Expected in February

The Russian finance ministry and the central bank are actively working together on a regulatory framework for cryptocurrencies and ICOs. This follows a mandate by president Vladimir Putin for their regulations to be implemented by July of next year. Deputy finance minister, Alexei Moiseev, said on Wednesday in an interview on Russia 24 TV Channel:

"If I’m not mistaken, the proposals should be formulated by February 1 in the framework of the president’s mandate."

This bill is expected to be adopted in the Spring and lots of discussions are anticipated, he expressed. In addition, he “believes that changes to the Civil Code of the Russian Federation in connection with the adoption of the draft law on the regulation of cryptocurrencies will not be required,” Tass conveyed.

Miner Licensing Unlikely But Taxes a Certainty

The finance ministry agrees with the central bank’s first deputy chairman, Olga Skorobogatova, who said earlier this week that “cryptocurrency mining is a kind of activity of legal entities and private entrepreneurs [which] should be taxed.”

In October, the finance ministry also proposed that crypto miners need to register with the government and any exchanges dealing with them needs to be licensed. However, the Tass reported Moiseev saying on Wednesday that:

"The Ministry of Finance does not intend to introduce licensing for the mining of ccryptocurrency but the mining will be taxed."

Crypto-Trading Restrictions & ICOs

As for cryptocurrency trading, Moiseev was quoted by Vestifinance on Wednesday stating:

"We have not yet allowed cryptocurrency trading in the Russian Federation, that is, only ICO is offered.''

He then reiterated his previous position, “We said that people can be allowed to buy and sell on licensed sites if they are qualified investors.”

As for bitcoin trading in the Russian market, the authorities intend to register all entities involved as soon as possible, the publication conveyed, adding that “however, it is possible that the restrictive measures will be temporary.” While emphasizing that bitcoin trading is “not directly legalized,” Moiseev also said, “there is no direct prohibition.”

The bill will also address ICO regulations. Moiseev explained that “there may be a limit on the amount,” the news outlet reported and quoted him saying “there should be some prospectuses and legal obligations.” In addition, there should be some secondary markets for ICOs, he elaborated, adding that “the issuer should be able to buy out.” Furthermore, ICO investors should be able to trade the tokens on secondary markets and all information must be accurately portrayed, he concluded.

https://news.bitcoin.com/russia-cryptocurrency-bill-february/
450  Bitcoin / Press / [2017-11-15] Bitcoin Hits $13,500 in Zimbabwe as Tanks Roll Through the Capital on: November 16, 2017, 08:09:34 AM
Bitcoin in Zimbabwe is more expensive than anywhere else in the world. But even by the developing nation’s usual standards, the current dollar price is eye-watering, with BTC touching $13,500 at Zimbabwe’s only exchange. The cause for the sudden spike is easy to attribute: with tanks rolling through the capital Harare and President Mugabe nowhere to be seen, the country is in meltdown.

World War Z

Bitcoin flourishes in times of conflict, be they regulatory, market-based, or military. Whether it’s global banking crises or increasing tensions between North and South Korea, when the world is at war, bitcoin becomes a safe haven. For citizens in countries such as Zimbabwe, bitcoin isn’t just a means of electronic cash or a store of wealth – it’s a lifeline.

On November 14 it was revealed that the maligned Robert Mugabe was nowhere to be found as a full-blown military coup got underway. An army major at the head of the revolt has since appeared on national TV to confirm that the aging president, who’s been in power since 1980, is safe. That’s more than can be said for the finances of the millions who’ve endured Mugabe’s dictatorial reign.

Inflation, Meet Deflation

Hyperinflation has ran rampant through Zimbabwe on a scale not seen since the Weimar Bitcoin Hits $13,500 As Tanks Roll Through ZimbabweRepublic years in Germany. There aren’t many countries in the world where you can pay for breakfast with a 100 trillion dollar note. Bitcoin, with its deflationary model, is the very antithesis of the Zimbabwean economy and, for a growing number of citizens, the antidote.

The country’s Golix exchange has handled over $1 million in transactions in the past 30 days – a ten-fold increase on the entirety of last year. After hyperinflation rendered the Zimbabwe dollar useless, Golix – along with many other businesses – was forced to start accepting US dollars or the South African rand.

Regulation? What Regulation?

Golix is an unregulated exchange, but in a country that ranks 154th in the Human Development Index, and whose people struggle to obtain food, gas, and electricity, that’s to be expected. Under Mugabe, Zimbabwe has been reduced to a dystopian state whose people are forced to fend for themselves. Many of them have no qualms about using an unregulated exchange to store what little assets they have.

The notion of paying over $13,000 for a bitcoin seems outlandish, but with a bitcoin divisible to eight decimal places, that still leaves plenty of scope for snapping up small units of the digital currency. In a country where 95% of the workforce is unemployed and bond notes trade on the black market, bitcoin – even at 100% mark-up – seems like a safe option.

Given that the US dollar and South African rand also trade for around twice their normal price within Zimbabwe, $13k bitcoin is within ‘normal’ parameters. The arbitrage opportunities, were Golix susceptible to such mischief, would be enormous. At the time of publication, a bitcoin on the African exchange was trading at $11,850. As shots reverberate through the capital Harare, bitcoin is one of the few safe ports in the storm that’s threatening to engulf the beleaguered country.

https://news.bitcoin.com/bitcoin-hits-13500-in-zimbabwe-as-tanks-roll-through-the-capital/
451  Bitcoin / Press / Re: [2017-11-14] After periodic drops, bitcoin tends to come back even stronger on: November 15, 2017, 02:54:06 PM
Today Bitcoin price has reached 7000$ mark, and crypto market cup leaped to new all time high, and is currently $217.1 billion. Press and marketing BTC support is on unbelievable level, it looks like nothing could prevent further BTC and ETH growth.
452  Bitcoin / Press / [2017-11-15] Quartz: Bitcoin exchanges may not be ready for the big time on: November 15, 2017, 11:03:18 AM
Someday soon, crypto-enthusiasts think big financial firms will buy and sell bitcoin like any other asset: stocks, bonds, gold, whatever. But trading on this scale involves volumes and scrutiny that the most popular cryptoasset exchanges today may not be prepared to handle. Although they got in on the action early, these exchanges face costly technology upgrades or ugly meltdowns as activity increases and major exchange operators muscle in on the market.

The homegrown technology used by many cryptocurrency exchanges is coming under strain, and not for the first time. The major platform in bitcoin’s early days, Mt. Gox, was originally designed for trading “Magic: The Gathering” cards. It led the way until hackers stole from its customers, helping drive the exchange into bankruptcy.

Now, some bitcoin platforms are reaching their limits amid the cryptocurrency euphoria, according to an industry expert who has examined the venues. While declining to single out a particular exchange, the person said the venues generally haven’t been stress tested. Although systems upgrades are underway, best practices in the field are far from standardized.

Institutional investors would “welcome overall a more sophisticated exchange presence,” Bank of America Merrill Lynch analysts wrote last month. Although there are many trading platforms, “by and large these do not offer the same quality of technology as the large global exchange groups.”

Conversations between cryptoasset platforms and sellers of matching engines designed for the exchange industry have taken place, but a technology executive says that bitcoin startups couldn’t stomach the price tags. The systems can cost anywhere from $500,000 to $10 million a year, depending on the size of an exchange. Top-tier systems are equipped with things like surveillance detection for market manipulation and specialized order types. Battle-tested exchange systems like these are for sale from companies like Nasdaq and a unit of London Stock Exchange Group.

CME Group and Cboe Holdings—the big Chicago exchange operators planning to launch bitcoin futures—developed their own trading platforms over their long histories. And while established exchanges are not immune to technology meltdowns, they’re familiar to regulators and have been tested in market panics. They’ve spent time tuning circuit breakers and tweaking collateral requirements to manage big price swings, based on experience.

“It’s not the size of trades that causes problems for an exchange—it’s usually the volume,” said Mark Hemsley, president of Cboe Europe.

Read full article: https://qz.com/1120991/bitcoin-exchanges-may-not-be-ready-for-the-big-time/
453  Bitcoin / Press / Re: [2017-11-14] Bitcoin is a market for criminals and millennials, Dennis Gartman on: November 15, 2017, 08:33:45 AM
Dennis Gartman just belongs to another generation. Besides as it seems to me he has no problems with money for living, no need to trade or be risky. Yes, criminals are using Bitcoin, but they are also use another currencies, USD, EUR, that is not a reason to prohibit them.
454  Bitcoin / Press / Re: [2017-11-15] Billionaire Bull Novogratz: Big Money is Coming to Bitcoin, Real... on: November 15, 2017, 08:24:03 AM
Thank goodness we are having such Bitcoin proponent like Mike Novogratz, Calvin Ayre, Tim Draper and other big sharks. Mike`s predictions are fairly accurate, he told that bitcoin will surge to 10 000 by the end of the year, and it almost reached it.
455  Bitcoin / Press / [2017-11-15] Bitcoin Price Surges to $6,830, as Mainstream Adoption Continues on: November 15, 2017, 08:00:02 AM
Earlier today, the bitcoin price soared to over $6,830, achieving $6,905 at its peak, triggered by the increasing adoption of high profile investment firms and payment services providers.



Institutional Investors and Wall Street Are Ready to Invest in Bitcoin

This week, $95 billion hedge fund Man Group, announced that the company will invest in bitcoin and add the cryptocurrency to its diversified portfolio upon the launch of a bitcoin futures exchange by CME Group, the largest options exchange in the world.

At the 2017 Reuters Summit, Man Group CEO Luke Ellis stated that Man Group “will add bitcoin to its investment universe if CME launches futures contract as planned.”

CME Group and its chairman Leo Melamed revealed that the company will list bitcoin futures by the second week of December. As such, given that the minimum value of investments by multi-billion hedge funds is at around $300 to $500 million, by the end of 2017, billions of dollars will likely flow into the bitcoin market.

Over the past weekend, when billions of dollars in funds were reallocated from bitcoin to Bitcoin Cash by a few key figures within the cryptocurrency sector, the price of bitcoin plunged, creating a domino-like effect. A similar trend will likely emerge in an upward movement by the end of December, in which hundreds of millions of dollars in bitcoin investment by firms like Man Group would trigger individual investors to invest in bitcoin and the market.

More to that, as billions of dollars flow in the bitcoin space, the liquidity of the cryptocurrency will further increase, attracting more investors from the traditional finance sector and Wall Street. Given that some of the largest hedge funds in the US such as Fidelity have already invested in bitcoin, in the mid-term, latest by mid-2018, many of the large-scale hedge funds and investment firms would likely invest in bitcoin as a robust store of value and safe haven asset.

Where Does Price Go From Here?

Throughout this week, investors and analysts including Mike Novogratz have reaffirmed their short-term bitcoin price target at $10,000. If the entrance of several institutional investors and retail traders trigger other high profile investors and investment companies in the finance industry by the end of 2017, it is possible that the price of bitcoin can breach the $10,000 target within the next few months.

In the short-term however, an interim target of $7,000 seems more likely, given that many short-term momentum indicators including MACD demonstrate an increase in momentum in the price trend of bitcoin.

Within the past two days, the entire cryptocurrency market has stabilized, as the daily trading volumes of bitcoin and Bitcoin Cash declined from over $10 billion to $3.3 billion. The daily trading volume of Bitcoin Cash remains below $1.6 billion, merely 10 percent of the trading volume it had demonstrated on Sunday.

With the bitcoin exchange market finding stability and rapidly recovering, it is likely that the price of bitcoin will breach $7,000 in the next few days, and potentially move towards its current all-time high of $7,900.

https://www.cryptocoinsnews.com/bitcoin-price-surges-to-6830-as-adoption-from-mainstream-continues/
456  Bitcoin / Press / [2017-11-14] Trezor Wallet Will Integrate Bitcoin Gold As Major Platforms Reluct on: November 14, 2017, 11:21:17 AM
Trezor Wallet Will Integrate Bitcoin Gold As Major Platforms Reluctant to Show Support

Trezor, makers of one brand of hardware wallet, revealed that the source code of Bitcoin Gold (BCG) has been released and that the Trezor wallet will add support for the currency in the upcoming weeks.

What happened to Bitcoin Gold?

The Bitcoin Gold hard fork was expected to occur in late October, led by Jack Liao, CEO of LightningAsic. The initial goal of Bitcoin Gold was to provide an ecosystem wherein mining is more decentralized across a larger community by closing the gap between GPU or CPU miners and ASIC miners.

As Bitcoin developer and Paxos principal architect Jimmy Song wrote:

“The goal of BTG is to become a better gold than Bitcoin. The chief way they have decided to do this is trying to solve miner centralization through a proof-of-work change. Changing proof-of-work is generally going to require a hard fork and BTG has decided to go that route. The proof-of-work that they’ve chosen is Equihash, a memory-hard algorithm that’s fairly ASIC resistant and also used by ZCash.”

The launch of Bitcoin Gold has been delayed for many weeks, and as a result, their development team has struggled to provide a specific date for the execution of the hard fork. After weeks of delay, the Bitcoin Gold development team has released their source code on GitHub, officially initializing the project.

Issues with liquidity and trading

Some of the leading cryptocurrency exchanges in the Bitcoin sector including ShapeShift, Bithumb, Bitfinex and Bittrex adopted Bitcoin Cash relatively quickly subsequent to its hard fork in August. This provided useful price discovery for the market and created a way for Bitcoin investors to easily sell their Bitcoin Cash tokens.

However, because of the lack of both community and industry support behind the Bitcoin Gold hard fork, major businesses and trading platforms are currently reluctant toward integrating support for Bitcoin Gold. At present, the only trading platform that will likely process Bitcoin Gold trades is Bitfinex, as it already has introduced Bitcoin Gold futures market on its trading platform.

For the most part, the reluctance towards the Bitcoin Gold hard fork from the community comes from the Bitcoin Gold development team’s decision to include a premine mechanism, wherein developers are able to mine BCG before miners in the market can begin producing BCG.

Tim Enneking, managing director of Crypto Asset Management, stated:

"Miners control too much of the space to allow Bitcoin Gold to be successful – at least in the near term.”

Following its debut, Bitcoin Cash price stabilized at around $300. However, once the SegWit2x project was canceled, Bitcoin Cash surged as high as $2,600 before falling to half that level. Even with support from Bitmain, the largest Bitcoin mining manufacturer and operator of the largest Bitcoin mining pool in the industry, Bitcoin Cash debuted at $300.

Given the lack of community and industry support for Bitcoin Gold, it is unlikely that BCG will debut at a value higher than the initial value of Bitcoin Cash at $300.

More important, because Bitcoin Gold lacks strong replay protection, only a handful of companies, wallet platforms and exchanges including Trezor will add support for Bitcoin Cash, restricting the market and liquidity of BCG.

https://cointelegraph.com/news/trezor-wallet-will-integrate-bitcoin-gold-as-major-platforms-reluctant-to-show-support
457  Bitcoin / Press / [2017-11-14] Macro trader Mike Novogratz says Wall Street nearing Bitcoin adopti on: November 14, 2017, 10:59:49 AM
Former hedge fund manager turned cryptocurrency investor Mike Novogratz just said he believes institutional investors are only weeks away from adopting Bitcoin and Ethereum en masse. Novogratz also said this Wall Street “migration” will cause crypto prices to surge.

Fortress Investment Group alumni Mike Novogratz once again offered his bullish opinions on the crypto space in new comments from the first day of New York’s Reuters Global 2018 Investment Outlook Summit.

“The institutionalization of this space is coming,” Novogratz said. “It’s coming pretty quick.”

Novogratz pointed to developments like CME Group’s launch of Bitcoin futures in Q4 2017 and CBOE president Chris Concannon’s recent projection of bringing Bitcoin ETFs “to market” as signs that Wall Street and institutional powerhouses the world over are about to start investing in the top cryptocurrencies – both indirectly and directly – like never before.

Novogratz noted that investing in these crypto futures and ETFs will become exceedingly easy for institutional investors, which likely means a tsunami of institutional funds will soon begin pouring into the space.

Consider, for example, that the CME is the largest regulated foreign currency exchange in the world – their BTC futures will give thousands of institutional clients the ability to join the Bitcoin boom.

Per Novogratz:

“When it’s that easy [for institutions to invest], the price of bitcoin or ethereum is going to go much higher. And that is a lot closer than people think.”

Novogratz’s estimate is that it will take six months for critical mass to be reached insofar as institutional adoption goes.

The macro hedge fund maestro also noted how these cryptocurrency futures and ETFs will be inherently attractive to more conservative-minded investment firms, in that they’ll provide a safer, less volatile outlet for capitalizing on the ever-surging crypto community.


http://bitcoinist.com/macro-trader-mike-novogratz-says-wall-street-nearing-bitcoin-adoption/
458  Other / Politics & Society / Re: Money can buy happiness? on: November 13, 2017, 11:11:10 AM
My dad used to say to me, "Money doesn't buy you happiness, son." I respect my dad, but i`m little bit disagree with him. Without money you cannot afford dantist work, good housing conditions and other necessary things for you and your familly.
459  Bitcoin / Press / [2017-11-13] Why Aren’t There More Women in Bitcoin? on: November 13, 2017, 08:20:59 AM

Why Aren’t There More Women in Bitcoin?

Take a look around the crypto community, both in meatspace and online, and it would be fair to say that the majority of participants are male. This is borne out in a recent survey of 2,000 Americans which shed light on the makeup of the bitcoin space, highlighting a stark gender divide. In fact Google Analytics data estimates less than 4% of bitcoin users to be female. The question is, why?

Welcome to the Boys’ Club

As news.Bitcoin.com reported earlier this week:

       
Quote
Twice as many men own or have owned bitcoin and are almost three times as likely as women to buy bitcoin in the next five years. Men also have a more positive view of bitcoin (17% versus 7%).

Why So Few Women in Bitcoin?

Tech industries are inherently male-dominated for reasons that include boys being introduced to gadgets at a younger age, leading to just 16% of computer science undergraduates being female. Despite initiatives designed to encourage more girls to code, the number of female computer science undergraduates in the UK has actually dropped in the last 10 years. Attributing other reasons to the absence of women in tech is highly contentious, as fired Google engineer James Damore discovered to his peril this year.
Boys and Bitcoin

In its earliest days, bitcoin was a wild west that evoked memories of the dawn of the internet – another piece of tech whose earliest innovators and adopters were predominantly male. A degree of technical knowledge was required to fully utilize the web back then, and the same holds true of bitcoin even today. While the UX of bitcoin has since improved thanks to development at the application layer, cautionary tales of lost private keys, coins sent to wrong addresses, and phishing attempts are still abound. And those are the sort of mishaps that can befall even experienced operators.

For newcomers, there’s a lot to learn, and that’s not including the dogma surrounding bitcoin and competing claims on which chain is “true”. If bitcoin’s earliest adopters are drawn from industries which are historically male-dominated, it follows that later adopters will be less tech-savvy. Newcomers of both sexes, then, find themselves with a mountain of knowledge to climb.

Why Does Bitcoin Need More Women?

It shouldn’t need stating that the more inclusive bitcoin is, the better. The cryptocurrency space doesn’t need diversity quotas, but if it is to attain mainstream adoption, it needs to attract support from all demographics. Bitcoin can hardly be labeled a global payment and wealth storage system if it excludes half of the population. While no one is stopping more women from getting involved with bitcoin, little is being done to encourage them either.

Credit must go to the likes of Rhian Lewis and Paige Freeman for organizing Women in Bitcoin events in London and San Francisco. These exceptions, unfortunately, only reiterate that bitcoin is largely a boys’ club.

Changing the status quo surely calls for action in the following areas:

Behavior. If Silicon Valley’s culture is overly macho, how to describe bitcoin with its brash, combative, and opinionated personalities? To misquote Hunter S Thompson:

       
Quote
Bitcoin is a cruel and shallow money trench, a long plastic hallway where thieves and pimps run free, and good men die like dogs. There’s also a negative side.

The cryptocurrency community is awesome, but it’s also intimidating and filled with one-upmanship and braggadocio. Why would anyone want to join such a rabble?

Issues such as off-chain scaling and Merkle roots might keep bitcoin’s most brilliant minds up at night, but it’s interface design, aesthetics, user-friendliness, and on-ramping that will open up bitcoin to the masses.

More can be done to reach out to women and raise awareness of bitcoin and how it can benefit them. This is something that everyone in the crypto community could do better. There are ways to educate people about bitcoin without succumbing to accusations of ‘mansplaining’.

Women Don’t Want Pink

Women don’t want things to be pink and fluffy (despite what the developers of Womencoin seem to think), but they do want products that appeal to their interests. There are dedicated insurance websites, retail stores, casinos, and social media apps for women. When bitcoin starts catering to the needs of women, providing products that add value to their lives, progress will be made. Gimmicky coins and female-focused tokens do little to help.

If egalitarian reasons don’t spur developers into catering for women, financial incentives certainly will. There’s a vast number of moms, sisters, girlfriends, and colleagues out there with high disposable income and a love for all things internet. This presents a huge business opportunity for whoever can figure out a way to get these women into bitcoin and to get bitcoin into their everyday lives.

Bitcoin is amazing. It removes monetary control from governments, enhances privacy, and gives individuals financial freedom. And that’s something that every man and woman on this planet deserves to experience.

What do you think can be done to get more women into bitcoin? Let us know in the comments section below.

https://news.bitcoin.com/why-arent-there-more-women-in-bitcoin/
460  Bitcoin / Press / [2017-11-13] Bitcoin Cash Pump Stalls, Stabilizes Near $1500 on: November 13, 2017, 07:22:23 AM
The Bitcoin marketplace has become a sort of chaotic mess, as the hardfork altcoin Bitcoin Cash (BCH) has surged. Many pundits have embraced the new altcoin as a way to honor the original Bitcoin vision of Satoshi Nakamoto. In contrast to the original BTC, BCH offers 8MB block sizes and faster transaction times.

As the new NYA-proposed SegWit2X hard fork has been put to an untimely end, the Bitcoin community expected stability and increasing prices. However, quite the opposite happened for Bitcoin as the price has sustained a substantial decline over the past couple of days.

As Bitcoin rapidly dropped in value, BCH has responded in the opposite way, pulling investors and consumers away from the original core chain, moving large amounts of volume into the BCH camp, and producing . So intense was the price shift, that even Vitalik Buterin publicly congratulated the chain’s growth.

Bitcoin Cash or Bitcoin Core?

Bitcoin Cash has continued to surprise the majority of BTC holders. The price has moved in huge swings, often as much as $500 in a matter of a few hours. As volatility increases and the market continues to correct and swing, prices will continue to move back and forth between the two contentious forks. Both have their followers, and the winning coin will have a sizable following after the dust settles.

However, among many industry insiders the results of the contention are not critical. Regardless of which fork succeeds, the general goal among cryptocurrency advocates is that support will continue to grow in the general marketplace. David Sønstebø Founder and Chairman of IOTA said: 

    "The entire Bitcoin/Bitcoin Cash drama and fork fiasco highlights just how stagnant Bitcoin is both as a technology and community, as well as how the centralized miners have the ability to manipulate the market at a whim. Furthermore it really shows the inherent limitations of Blockchain architecture. No matter which route the quorum decides to go in, it will have a negligible effect on Bitcoin's adoption as a transactional settlement layer.”

https://cointelegraph.com/news/bitcoin-cash-pump-stalls-stabilizes-near-1500
Pages: « 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 [23] 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 »
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!