Three Ways to Value Bitcoin – Hacker Noon

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market cap of about$100B. This is one method FundStrat Global Advisor co-founder Tom Lee is trying to value bitcoin, though he utilizes 5%of gold. This might be one method to value bitcoin. That would still put the longterm value of bitcoin at $400B. As a Technology/Network Lee likewise explains the network effect and Metcalfe’s Law. Value is developed in this method: the more engagement, the more value gets produced. As increasingly more people use bitcoin, the greater the value due to the fact that of the network impact. This concentrate on bitcoin as a technology or social media network conveys the strong opportunity for non-linear development.7 Network Effects on Bitcoin: Speculation– every speculative dollar that trades in bitcoin increases the value Merchant Adoption– every brand-new merchant that accepts bitcoin increases the worth of the network Customer Adoption– every time a brand-new consumer can buy something with bitcoin the value increases Security/Incentives– as the speculators in addition to merchant and consumer adoption raise the cost, miners ‘and nodes’incentives are increased Designer Mindshare– as the moat around bitcoin increases so does the value Financialization– as more monetary products, like choices on cryptocurrency and insurance coverage get created, there is more worth contributed …

Nomura chooses eight Fintech start-ups under its India program

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Nomura selects 8 Fintech start-ups under its India program Nomura said the eight start-ups were picked from over 150 international applicants that worked together with the group over a 10-week period to establish ‘Evidence of Concepts’

Bitcoin Bulletproofed: Wuille, Maxwell and More Propose Scalable Personal Privacy Tech

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Bitcoin may be one step closer to offering users improved confidentiality. Proposed in a new paper authored by heavyweight cryptographers including Dan Boneh, Pieter Wuille and Greg Maxwell, “Bulletproofs” outlines a new technique that would reduce the size of so-called “confidential transaction” code – long floated as a possible way to shield the transaction amounts currently public on the blockchain, the cryptocurrency’s globally distributed ledger. A rough sketch of the confidential transactions idea was first proposed informally on a popular bitcoin forum in 2013 by Adam Back, CEO of bitcoin startup Blockstream, and while the technology has been iterated on over the years, it still comes with a high cost. Transactions that use the technology take up about 16 times more space in the blockchain than normal bitcoin transactions. But the new paper, co-authored also by Benedikt Bunz, Jonathan Bootle and Andrew Poelstra, contends Bulletproofs will slash the size of confidential transactions to under even that of a normal transaction. In the announcement email, Maxwell said: “This cuts the bloat factor down to about 3x for today’s traffic patterns.” However, Maxwell went on to note that even though the confidential transactions idea is making progress, there are still issues to iron out. For one, the time it …

Why I’m Not Purchasing Into The Bitcoin Cash Hype – Bitcoin Investment Trust (OTCMKTS: GBTC).

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Bitcoin Cash (BCH) was a fork of Bitcoin blockchain ledger that launched on August 1st and increased the block size to 8MB. The stated goal of this fork is to lower fees and speed up transaction times. At the time of the fork, those holding Bitcoin received an equal number of Bitcoin Cash coins. Bitcoin Cash is in the headlines after the price spiked roughly 6x in a matter of just 4 days. FOMO (fear of missing out) started to kick in and people bid up the price from $400 at the start of November to a high of $2,450 on November 12th. Bitcoin Cash overtook Ethereum in terms of market capitalization and many people started to believe it would overtake Bitcoin at the #1 spot. It has since dropped by to #3, but not far from the valuation of Ethereum or 8x the valuation of Litecoin. The price of Bitcoin Cash (BCH) has dropped sharply from the high around $2,450 to $1,200, before rebounding to $1,450 over the past few hours. Lower highs and lower lows on the chart is usually bearish for any pricing pattern. A breakout back above $1,500 in the near term would change this and …

Bitcoin Bulletproofed: Wuille, Maxwell and More Propose Scalable Privacy Tech

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A paper laying out “Bulletproofs” contends to cut the down the size of confidential transactions, a long-anticipated privacy innovation for bitcoin. Read more– > click here all material is copyright Coin Desk.Need Bitcoin marketing and PR? Bitcoin PR Buzz has been happily serving the PR and marketing requirements of Bitcoin and digital currency tech start-ups for over 2 years. Get your very own professional Bitcoin or cryptocurrency press release CLICK HERE. Powered by ABITCO.IN Read More