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#OpenMarket #CompetingCurrencies #Gold #Money #Revales #WhatToInvest #Ethics #Future #Futures #AntiWar #PrivacyCoins #Bitcoin #Eth #XRP #DevilIsInTheDetails

Balance is everything! The power of cyrypto in my opinion is not to destroy the USD; but to create a competitive, open, and free market.

https://www.investopedia.com/tech/what-determines-value-1-bitcoin/


Price of 1 Bitcoin?

By ANDREW BLOOMENTHAL
Reviewed By SOMER ANDERSON

Updated Jun 16, 2020

Bitcoin is a cryptocurrency developed in 2009 by Satoshi Nakamoto, the name given to the unknown creator (or creators) of this virtual currency. Transactions are recorded in a blockchain, which shows the transaction history for each unit and is used to prove ownership.

Buying a bitcoin is different than purchasing a stock or bond because bitcoin is not a corporation. Consequently, there are no corporate balance sheets or Form 10-Ks to review. And unlike investing in traditional currencies, bitcoin it is not issued by a central bank or backed by a government, therefore the monetary policy, inflation rates, and economic growth measurements that typically influence the value of currency do not apply to bitcoin. Contrarily, bitcoin prices are influenced by the following factors:

The supply of bitcoin and market demand for it

The cost of producing a bitcoin through the mining process

The rewards issued to bitcoin miners for verifying transactions to the blockchain

The number of competing cryptocurrencies

The exchanges it trades on

Regulations governing its sale

Its internal governance

KEY TAKEAWAYS

Buying a bitcoin is different than buying a stock or bond because it’s not a corporation. Consequently, there are no corporate balance sheets or Form 10-Ks to review.

Unlike investing in traditional currencies, bitcoin it is not issued by a central bank or backed by a government, therefore the monetary policy, inflation rates, and economic growth measurements that typically influence the value of currency do not apply to bitcoin.

Bitcoin pricing is influenced by factors such as: the supply of bitcoin and market demand for it, the number of competing cryptocurrencies, and the exchanges it trades on.

Supply and Demand

Countries without fixed foreign exchange rates can partially control how much of their currency circulates by adjusting the discount rate, changing reserve requirements, or engaging in open-market operations. With these options, a central bank can potentially impact a currency’s exchange rate.

The supply of bitcoin is impacted in two different ways. First, the bitcoin protocol allows new bitcoins to be created at a fixed rate. New bitcoins are introduced into the market when miners process blocks of transactions and the rate at which new coins are introduced is designed to slow over time. Case in point: growth has slowed from 6.9% (2016), to 4.4% (2017) to 4.0% (2018).1 This can create scenarios in which the demand for bitcoins increases at a faster rate than the supply increases, which can drive up the price. The slowing of bitcoin circulation growth is due to the halving of block rewards offered to bitcoin miners and can be thought of as artificial inflation for the cryptocurrency ecosystem.

Secondly, supply may also be impacted by the number of bitcoins the system allows to exist. This number is capped at 21 million, where once this number is reached, mining activities will no longer create new bitcoins. For example. the supply of bitcoin reached 18.1 million in December 2019, representing 86.2% of the supply of bitcoin that will ultimately be made available. Once 21 million bitcoins are in circulation, prices depend on whether it is considered practical (readily usable in transactions), legal, and in demand, which is determined by the popularity of other cryptocurrencies. The artificial inflation mechanism of the halving of block rewards will no longer have an impact on the price of the cryptocurrency. However, at the current rate of adjustment of block rewards, the last bitcoin is not set to be mined until the year 2140 or so.

Competition

While bitcoin may be the most well-known cryptocurrency, there are hundreds of other tokens vying for user attention. While bitcoin is still the dominant option with regard to market capitalization, altcoins including ether (ETH), XRP, bitcoin cash (BCH), litecoin (LTC) and EOS are among its closest competitors as of January 2020.2 Further, new initial coin offerings (ICOs) are constantly on the horizon, due to the relatively few barriers to entry. The crowded field is good news for investors because the widespread competition keeps prices down. Fortunately for bitcoin, its high visibility gives it an edge over its competitors.

Cost of Production

While bitcoins are virtual, they are nonetheless produced products and incur a real cost of production – with electricity consumption being the most important factor by far. Bitcoin ‘mining’ as it is called, relies on a complicated cryptographic math problem that miners all compete to solve – the first one to do so is rewarded with a block of newly minted bitcoins and any transaction fees that have been accumulated since the last block was found. What is unique about bitcoin production is that unlike other produced goods, bitcoin’s algorithm only allows for one block of bitcoins to be found, on average, once every ten minutes. That means the more producers (miners) that join in the competition for solving the math problem only have the effect of making that problem more difficult – and thus more expensive – to solve in order to preserve that ten-minute interval.

Research has shown that indeed bitcoin’s market price is closely related to its marginal cost of production.

Availability on Currency Exchanges

Just as equity investors trade stocks over indexes like the NYSE, Nasdaq, and the FTSE, cryptocurrency investors trade cryptocurrencies over Coinbase, GDAX, and other exchanges. Similar to traditional currency exchanges, these platforms let investors trade cryptocurrency/currency pairs (e.g. BTC/USD or bitcoin/U.S. dollar).

The more popular an exchange becomes, the easier it may draw in additional participants, to create a network effect. And by capitalizing on its market clout, it may set rules governing how other currencies are added. For example, the release of the Simple Agreement for Future Tokens (SAFT) framework seeks to define how ICOs could comply with securities regulations. Bitcoin’s presence on these exchanges implies a level of regulatory compliance, regardless of the legal gray area in which cryptocurrencies operate.

Regulations and Legal Matters

The rapid rise in the popularity of bitcoin and other cryptocurrencies has caused regulators to debate how to classify such digital assets. While the Securities and Exchange Commission (SEC) classifies cryptocurrencies as securities, the U.S. Commodity Futures Trading Commission (CFTC) considers bitcoin to be a commodity. This confusion over which regulator will set the rules for cryptocurrencies has created uncertainty—despite the surging market capitalizations. Furthermore, the market has witnessed the rollout of many financial products that use bitcoin as an underlying asset, such as exchange-traded funds (ETFs), futures, and other derivatives.

This can impact prices in two ways. First, it provides bitcoin access to investors who cannot afford to purchase an actual bitcoin, thus increasing demand. Second, it can reduce price volatility by allowing institutional investors who believe bitcoin futures are overvalued or undervalued, to use their substantial resources to make bets that bitcoin’s price will move in the opposite direction.

Forks and Governance Stability

Because bitcoin is not governed by a central authority, it relies on developers and miners to process transactions and keep the blockchain secure. Changes to software are consensus driven, which tends to frustrate the bitcoin community, as fundamental issues typically take a long time to resolve.

The issue of scalability has been a particular pain point. The number of transactions that can be processed depends on the size of blocks, and bitcoin software is currently only able to process approximately three transactions per second. While this wasn’t a concern when there was little demand for cryptocurrencies, many worry that slow transaction speeds will push investors towards competitive cryptocurrencies.

The community is divided over the best way to increase the number of transactions. Changes to the rules governing the use of the underlying software is called “forks”. “Soft forks” pertain to rule changes that do not result in the creation of a new cryptocurrency, while “hard fork” software changes result in new cryptocurrencies. Past bitcoin hard forks have included bitcoin cash and bitcoin gold.

Should You Invest in Bitcoin?

Many compare the rapid appreciation of bitcoin and other cryptocurrencies to the speculative bubble created by Tulip mania in the Netherlands in the 17th century. While it is broadly important for regulators to protect investors, it will likely take years before the global impact of cryptocurrencies is truly felt. Not according to Moore’s Law though. – DB*

Balance is everything! The power of cyrypto in my opinion is not to destroy the USD; but to create a competitive, open, and free market.
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I helped #Create this #Reality where my son and I just #Work on #CreativeProjects all day. 🌐 #5G #InternetLife #Limitless

https://www.instagram.com/p/B-P4Um-Di5Z/?igshid=xgzz0zemj8px

https://www.redbubble.com/shop/p/44817690.EVFTZ

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Do not pay attention to every word people say, or you may hear your best #Friends cursing you, for you know in your #Heart that many times you yourself have cursed others. #Ecclesiastes 7:21-22

https://www.instagram.com/p/CCpp-2Eg1s8/?igshid=1of6xwfv8z9ba

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#Instagram #Model #Artist #HumanRights #Sex #Ideas #ThinkTank #Modern #Expressionism #SocialMedia #AmberHeard <3

I love art, always have, ever since I could remember. My earliest artistic influences were Rob Liefield, (creator of Deadpool) and Jim Lee, (90’s artist for the X-men) which explained my love for drawing leggy super model looking pinups with big boobs.

As a child, I was denied my right to a public education, and was sentenced to a deprogramming behavior modification school. We had a class project where we had to make sculptures from the movie Narnia. My sculpture was of the Snow Witch, and I was very proud of this sculpture. When I came to class the next day, I was pissed to find that one of the staff members in the program defaced my artwork. Her reasoning was that she was a feminist, and that boobs were offensive. So I called her a bitch, said “she wished she had titties like my sculpture,” and torpedoed a chair at her head.

Now mind you, before going to this school, I never used the B word or threw a chair, it was learned behavior from the program. We were gaslighted, filmed, and tortured. The school still exists today, it just changes it’s name and location.

The point to all this is that years later, I ended being CMO of a non-profit social media company, called worldie.com. We were trying to learn from Facebook’s mistakes, and come up with easy solutions in our TOS to prevent things like cyber bullying; hate groups, sexual exploitation, etc.

The issue of artist expression came up, and my first thought was Tumblr’s machine learning problem with flagging all my artworks that were flesh toned.

How the heck can we solve this I thought? What even defines sexuality in the 21st century?

The network originally was going to be all about free speech; anything goes, but looking back at all the hatred caused on sites like 4chan, and Reddit, not to mention all the revenge porn on Tumblr; we wanted to make it more PC.

However, what are we gonna do, erase history because there’s boobs showing on too many painting’s at the Detroit Institute of Arts lol? 😄

We couldn’t on one end say we support women’s rights and anti human trafficking laws, then on the other allow them to be pimped because they’re 18, and it’s their choice.

I was then reminded of what happened to my Narnia sculpture as a child, and how frustrating it was for being demonized as a pervert for appreciating the female body, which is natural. Really they were the perverts for sexualizing my art, I was 10 years old, I didn’t even touch myself yet.

The conclusion of this dilemma I think is to make non-decentralized social media giants such as Facebook, no longer transparent about their machine leaning tools. This way everyone can see what they really flag for. Problem solved. ✔

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Dude, what is the wait? #DanaNessel?? #Corona make it so you guys can’t sign papers and send emails too??? #LegalZoom #StandardDissolution #MichiganBusiness #Michigan #NonProfit

Weeks? It’s been months, should we just stop caring about laws in general?
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This is the #DigitalAge dinosaurs, do you want round 2 #MiGov? 🥊 #Data doesn’t lie, but shady #Politicians and their cronies do. #JocelynBenson #VoterFraud #Emails #MichSoS

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In the present, that $11 an hour at #McDonalds, is greater than the 15 mins of already washed up #Fame on #SocialMedia.

15 minutes of fame is short-lived media publicity or celebrity of an individual or phenomenon. The expression was inspired by Andy Warhol’s words “In the future, everyone will be world-famous for 15 minutes”, which appeared in the program for a 1968 exhibition of his work at the Moderna Museet in Stockholm, Sweden. Wikipedia

 

Dear McDonald’s, let’s face it, Gen Z does not want to work for you. They have grown so accustomed to selling $5 Hot n’ Ready Snapchat Premium Subscriptions, that coming home smelling like Frylock isn’t gonna happen anymore. Then with Bernie bro’s preaching apathy; plus, the actual reality of student loan debt, and Cops pulling over your employees for simply trying to exit their driveway, Capitlslismo killed the Ham-Burglar star… But I can help! 🚨

I know you guys are the kings of advertising, but I have an understanding that can effectively reach the people you can’t, and turn those frown arches back into ham-believers. 

Here’s how I do it, every time someone sends me a link to their Fan’s Only page, I’m gonna send them a link to the McDonald’s App so they can apply. You will notice massive amounts of traffic being sent to your app by the end of the month, if not sooner. You’re welcome. All I ask in return is that you put my Kids Book “DINOGO GO! GLOW!” in future Happy Meals across the world! – “The Youth will Read again!!” 📖 🦖 🍔 🍟 

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#PhonePhreak #CaptainCrunch #RareInterview from ’78

https://youtu.be/n6TjjE8NHV0


http://www.projectmf.org/bluebox.html

Ledger Nano X - The secure hardware wallet
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This is what I’m basing my new #LinkedIn #JobSearch on. 🤣 #CMO #CIO #SocialMediaManager #Telecommute #DigitalMarketing #SocialMediaJobs

https://www.instagram.com/p/CCKHYDogNX8/?igshid=1p5j0jbjv9p6c

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#danielbrummitt #disruptivefineart #art #dinogogoglow #menwithtattoos #menwithink #guyswithink #tattooedguys #inkedmen #downtowndetroit #seo #selfie #artbasel #luxury #cmo #handsome #unique #michigan #detroit #follow #artadvisor #sothebys #artcollector #chevremysore #christies #artgallery #saffronart #buyartoninstergram #sothebyscontemporary I used to go to this #Church where the pastor told me to claim my healing and stop taking psychotropic pills. His wife was in the other room taking insulin, I asked her why she takes medicine if she's already healed? She said she was awaiting it, but believing. I said, "you're not healed then" lol. They said I had itching ears, (which is a religious insult.) Years later, God took away that voice/person in my head that tormented me. I was fully healed. None of the Christians believed. They did see that I lost a lot of weight from not being on meds, and asked for my diet plan lol. I never tried to force anything on God, I just cried every day to the point where I no longer have tear ducts. It took 15 years; but he did answer, and when he did, the contrast of my new brain was like it never even happened. The point of all this is that you shouldn't try to force anything, you just have to be still, even if it seems like forever.

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It’s hard to believe anything that comes from snake eyes #CNN, but if true, this gives me hope again! “#PipelineCanceled”

Energy companies cancel construction of Atlantic Coast Pipeline

The energy companies cited costs, delays and litigation in announcing the cancellation of the pipeline.


https://www.instagram.com/p/CCR_QRng3Cn/?igshid=q2d7hzey0zc4