Managing Director and Chief Economist of CME Group advised that bitcoin can reduce risk with a very small allocation of 2% of the portfolio. This was a very modest risk reduction only for the year of 2019. Blu Putnam is also the leading global economic analysis and monitoring developments in the price patterns, volatility, and correlations of futures and options markets.
As we saw how hard it was for people to grasp the internet in the 90’s today we see it as a no brainer with a computer in our pockets and bitcoin will see the same challenges. Milton Friedman said it best the internet will one of the major forces to reduce the role of governments and then the development of an e-cash to be able to send payments anonymously. We are entering the error of the internet 3.0 allowing a payment system and currency in one and as applications are built on top of the blockchain further integration will occur.
YouTube, one of the most popular social media platforms for video sharing, has aggressively started deleting cryptocurrency-related content from some of the biggest influencers in the industry.
Based on Twitter and Reddit threads, YouTube suddenly began deleting a number of cryptocurrency videos on Dec. 23.
YouTuber Chris Dunn, whose channel has over 210,000 subscribers, noticed on Monday that the platform had removed all of his videos that mentioned cryptocurrencies.
Following this, Dunn tweeted, “@YouTube just removed most of my crypto videos citing ‘harmful or dangerous content’ and ‘sale of regulated goods’… it’s been 10 years of making videos, 200k+ subs, and 7M+ views. WTF are you guys doing @TeamYouTube?!”
I have provided the Twitter links below if you like to follow them
See full article at Cointelegraph below
Little histroy lesson
First they came for the socialists, and I did not speak out— Because I was not a socialist.
Then they came for the trade unionists, and I did not speak out— Because I was not a trade unionist.
Then they came for the Jews, and I did not speak out— Because I was not a Jewish.
Then they came for me— and there was no one left to speak for me.
by Lutheran pastor Martin Niemöller
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Bare Bones Mining
McAfee is predicting that 2020 will be the year for Bitcoin to explode.
Smart contracts will be the turning point this allows crypto-currency code contracts to be built in it.
Also in 2020 Bitcoin halving will occur changing the production of Bitcoin from 12.5 to 6.25 every 10 mins cut in half every 4 years.
Decentralized exchanges were no person or government can control or enforce that will also be fee-free.
Since 2017 infrastructure has been in the works and by 2020 a three-year-old will be able to figure it out in a few days.
Atomic swaps is also another amazing creation allowing you to swap crypto-currency with other crypto-currency without an exchange
There are only 21 million Bitcoin and 6 million have been lost forever and only 3 million left to mine that will be completed in 2140
As the demand for Bitcoin increases at the same time we are losing Bitcoin faster then we are mining them as people lose there password or send them to the wrong address this will also decrease supply and increase demand.
How people see John McAfee
Institutions are the largest buyer in Bitcoin at the same time that they are talking down Bitcoin itself to allow them to buy it up at a lower price. Today is also the first day that the Bakket will begin user testing for bitcoin futures owned by the New York Stock Exchange. As anyone really understands the technology of Bitcoin knows that is undervalued.
Mitch Steves from RBC Capital Markets gives a great comparison between Libra and Bitcoin. The biggest difference is crypto being centralized and decentralized. If you already don’t trust Facebook with our personal data why give them more power over our money as well. Libra being centralized will have full power to stop a transaction and also they will need to approve new users to join their platform and in some countries, they are already banning Libra in India so the people of India will not be able to participate in these transactions. Now Bitcoin being decentralized transaction cannot be stopped by no one or government anyone can join the platform and regulations do not hinder anyone country to hold bitcoin.
These are the list of countries that have unstable currency and may drive up the Bitcoin price, in the long run, trying to hedge there own currencies like Turkish, Mexico, Iran, Venezuela with an astonishing 80,000% hyperinflation a year fiat currencies are failing. The people in these countries are hedging their own country currency with cryptocurrency and Bitcoin.
Disney may own one of the oldest Bitcoin exchanges. If Disney Purchases Nexon South Korea larges game development company and the sound larges game publisher in the world. Through the ownership of Nexon, they would be the majority owner of Bitstampa and Korbit both cryptocurrency exchanges.
see both videos below
Samsung is the first manufacturer to integrate a Cryptocurrency hardware wallet in the flagship phone. Samsung new wallet has a feature to integrate and house individual pirate keys. The Galaxy S10 has built-in defense-grade Samsung Knox, as well as secure storage backed by hardware. Which house your private keys for blockchain-enabled mobile services. The Galaxy S10 has said to feature an exynos 9820 chip with PUF technology and would be Ideal porcessor for the native cryptocurrecny wallet. As mass adoption occurs, other mobile provided will follow suit.
Twitter CEO Jack Dorsey buys $10K Bitcoin a week, predicts a ‘massive’ bitcoin boom and maxes out the 10k limit in buying bitcoin square cash app. That has been about a 20% increase in address wallets created for bitcoin. Institutions interest Fidelity coming out with custody this week. Jack as said it only a matter a time not when Bitcoin will take off when they integrate the lighting network more on that below. Mass adoption is coming with the new Samsung S10 integrated the first phones with a hardware wallet to secure Bitcoin and cryptocurrency.
RSK LABS created an open source software allowing smart contracts giving Ethereum a run for its money. This second layer to the bitcoin core will allow any user, company and developer to create any kind of solution. This will allow smart contracts to be built on top of the already secure and decentralized network.
How it works
RSK has a two-way communication peg to Bitcoin so that the smart contracts are executed and paid with Bitcoin.
This will allow the most trusted network in payment processing to be able to move into the most efficient instrument for trustless agreements.
Merg-Mining with Bitcoin
This will allow Bitcoin Miners can profit from the smart contracts as well at the same time securing the RSK network.
The Federation will be providing checkpoints and will back up solutions for institutions users and banks.
As of May 1st, they rolled out the beta testing but looking to go live by the end of the year