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Currently, only trainers with the unique motivation to dig are getting the most reward (as Bitcoin) as possible, until the Bitcoin supply reaches its peak.
But, the day that the BTC was finally dug out, there would be no BTC to reward the digger. At that point of course the transactions will continue and should be confirmed to record on the blockchain blocks. So what do diggers do to confirm the transaction? That's the transaction fee.
The Bitcoin transaction is currently underway and is calculated based on the nature of each transaction. The higher the cost, the bigger the engine will be for a digger to validate it, so that it will be prioritized and implemented sooner.
This will become the driving force for excavators in the next century, once there is no BTC to reward. This was anticipated in the Bitcoin white paper by Satoshi Nakamoto:
"Once the amount of pre-determined currency has reached a fully circulated state, momentum can be completely transformed into transaction fees and become completely zero-inflation."
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Since it was created by Satoshi, Bitcoin has become an extremely popular name in the world, opening up a new light for humanity. There are many people who criticize Bitcoin and see Bitcoin as a currency revolution, but Omaha's most prominent investor - Warren Buffett and his friend Charlie Munger refer to Bitcoin as "rat poison." and "dementia". I am a believer in Bitcoin and CryptoCurrencies, but when the elite and most experienced people in the world invest in Bitcoin, I definitely have to find out. Why are they saying that?
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1~ On the WEX crypto table, the overpriced bitcoin price is $ 7400. Also, allegedly due to maintenance, the output of BTC, LTC, ETH and BCH is suspended
- I think the bitcoin price in WEX will predict a new round of growth for bitcoin. But it's all wrong when WEX announces that it's just maintenance
2~ Hackers and scammers continue to earn on crypto-currencies. According to the latest data, already 30 000 sites are infected with scripts for mining, and trustful users have stolen 21 000 ETH using social engineering
- Hackers have simple lands to satisfy their destructive passions in the crypto
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1~ Crypto currency researcher Troy Watson conducted a stylometric analysis of the fragment of the book about bitcoin published on behalf of Satoshi Nakamoto and came to the conclusion that his author was indeed the creator of the first crypto currency
2~ In Malta, with the support of the leading crypto-birgi Binance will create the world's first decentralized bank Founders Bank
3~ The ability to purchase Bitcoin using Visa and Mastercard cards has been added to Abra's crypto currency mobile application
I was impressed with Bitcoin News No. 2. Because it makes bitcoin more accessible to people around the world.
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So ones again we have been scammed by another ICO known as Uchit. Now people have started raining insults and curses on the bounty manager that he has led them to be scammed. Despite the numerous apologies from the manager, bounty hunters do not seem to understand. Now my question is, do you think bounty hunters must be blamed when we are scammed because they knew what the ICO was up to, even from the beginning?
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The Korean Blockchain Association has approved 12 cryptocurrency trading platforms, including Bithumb and UPBT, last week, with adequate security measures and on-site management systems.
Many local newspapers have reported that the Bithumb, UPbit, Gopax, OKCoin, Korbit, Coineone, CoinZest, CPDAXX, HanbitKor, Huobi, NeoFrame and DexKor platforms have been approved by the Blockchain Association of Korea. The cryptocurrency industry and the blockchain sector.
Several newspapers have reported that a new flow of capital will be poured into the cryptocurrency market after the government announced its move to legalize crypto trading and set up rules. It plans to manage similar transaction platforms with financial institutions.
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On July 31st, the G20 meeting of the Second Digital Economic Working Group will lay down common rules for the Crypto market.
This is the latest news I read on a news site about crypto. I did not expect much on this G20 because it would give the rules to the Crypto market. I feel we are under control and my feeling is that the rules will make people feel uncomfortable. I do not express my opposition to these rules, but I do not think they should be issued in a situation where the market is bleak and there is not any growth in the recent past.
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I see the United States and China retaliating by imposing taxes on imports from the two countries. This makes the economy go down and there may be economic crisis. Besides, this could also affect the crypto market in some way economically as the United States and China are the two largest cryptocurrency trading areas (this is my opinion).
Finally, the most affected are investors, with the Crypto market the biggest impact is the Altcoin, the transaction rate as well as the ability to use the actual will greatly reduce, Especially the Altcoin coins do not promote strengths
What do you think about this?
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John McAfee withdrew from Blockchain World Congress in Atlantic City, New Jersey, citing threat of assassination.
Recently, I have seen a lot of bad news about McAfee, who is very famous in the field of cryptography. Besides, he is also an advisor for some ICOs.
I follow these ICOs and most of them praise it as a god and create an effect that investors believe the project will succeed and have a high price on the trading floor. But the reality is not as expected. I do not mention the emergence of McAfee that will help the project succeed, but most projects now love to get the celebrity's reputation to polish their project.
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According to OKCoin's website on Friday, the exchange has already launched the new offering and is now accepting U.S. dollars deposits and withdrawals, as well as trading against bitcoin, bitcoin cash, litecoin, ethereum and ethereum classic.
The introduction of the dollar into the crypto deal will make it easier for all transactions in the deposit stage and withdrawal of Cryptocurrency.
It's a good start for a trading platform and it's definitely an ideal destination for traders. Good news
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That's some Grade A+ mental gymnastics, I would probably avoid that degree of extrapolation if I were you.
Let's see if I can do it too
--Vitalik Buterin offered position at Google
--Ethereum partnered with Google? Who knows, but all of the evidence must suggest it
I did not mention that ETH would be google's partner. You can review the article. |
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-Charles Hoskinson, founder of Cardano (ADA), personally invited Justin Sun, founder of TRON (TRX) to collaborate and help Hoskinson's team create the best blockchain technology for Google. .
-Charles Hoskinson accepted Google's proposal to apply various technological advances to help both businesses. According to Hoskinson, details of the meeting will soon be available to the encrypted community. IOHK's CEO, introduced a basic introduction to the functionality of this virtual currency. He also mentioned that the next algorithm is Cardano [ADA] called Ouroboros.
-He proposed that the team consider all the errors that the test network presented for the current test and will be guided properly. The conference sent a clear message to the world about future collaboration between Google and Cardano [ADA].
-In the Google office in London, many cryptocurrency enthusiasts and technology have heard Charles Hoskinson talk about the future of crypto and cardano. Many questions have been raised. Some people want to know how Cardano plans to break through Ethereum, rooted in profound interests in the blockchain world.
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The tax authorities of the United States, Britain, Canada, Australia and the Netherlands have created an international unit J5, which will deal with combating money laundering through crypto-currencies
Government concerned about money laundering. They are taking positive steps to help the crypto market grow stronger
What do you think about this ?
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1 ~ The Florida finance director has advocated the establishment of the state's "cryptocurrency agency"
2 ~ TRON Network (TRX) is considered safe deposit and test deposit
3 ~ Spanish Securities Commission to implement a pilot application of Blockchain technology
4 ~ Ox (ZRX) surged in Korea market - Weekly growth statistics were 79%
5 ~ Hughes has made some other recommendations including an international blockchain contest to encourage talented blockchain developers and to propose effective blockchain development goals of the UK by applying blockchain and technology. other related
6 ~ FIEA "requires securities companies and fund management companies, clients and securities (stocks, etc.) to separate from the company's assets." In addition, companies must establish "a strict investor protection system, such as insider trading ban
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1 ~ The IRS cooperates with the tax authorities from the United Kingdom, Canada, Australia and the Netherlands to establish Joint Chiefs of Staff of Global Taxation (J5).
2 ~ Cocoa is a fairly popular business in Ghana. Farmers here have benefited greatly from Bitcoin technology
3 ~ EOS RAM prices have soared this week, reaching a high of nearly 920 EOS (about $ 8,160) per 1MB of RAM.
4 ~ The Israeli tax authority has reached an agreement with the country's largest Bitcoin company to transfer more than $ 50,000.
5 ~ The Bankex plasma protocol reports a capacity of 22 thousand transactions per second
6 ~ Gabrotech radical change industry reward for loyal customers.
7 ~ Ripple is again involved in another lawsuit alleging XRP is a securities
8 ~ Buy and sell the token over Bitfair has created a commercial revolution for the altcoins
9 ~ Bitfair provides a truly fair platform for altcoin traders.
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IBM - The technology giant has signed a $ 740 million deal with the US government to use blockchain and other new technologies to improve data security.
There is a lot of good news for the cryptocurrency market, but I do not see much change in the value of the coin. But if there is bad news about crypto, it looks like the market is just red
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Drug dealers and people laundering money want fiat. How do you get fiat? Exchanges follow KYC and if you exchange in person your face and identity are seen. It's not as easy as it sounds. Does it happen? yeah of course, but people have money laundered in crazy ways.
I do not care about KYC. Because this is too easy to overcome by extremely sophisticated image editing |
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before the crypto currency, the same thing happened with other money. so I don't agree that cryptocurrency is a money laundering Paradise.
I agree with your point of view. But cryptocurenncy seems too simple to carry out money laundering. No one can investigate you as a money launderer, because of its great anonymity in every transaction. The value of Cryptocurrency is also easily manipulated and exchanged between criminals. |
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