A community dedicated to Bitcoin, the currency of the Internet. Bitcoin is a distributed, worldwide, decentralized digital money. Bitcoins are issued and managed without any central authority whatsoever: there is no government, company, or bank in charge of Bitcoin. You might be interested in Bitcoin if you like cryptography, distributed peer-to-peer systems, or economics. A large percentage of Bitcoin enthusiasts are libertarians, though people of all political philosophies are welcome.
Is there ever a time when the value of cryptocurrencies like Bitcoin will stabilize and become less volatile?
I've been analyzing the graph of prices of currencies like Bitcoin, Ethereum and Nano and I noticed a certain thing in common: the price of these cryptocurrencies is too volatile. In certain periods, a unit of these currencies may rise at exorbitant prices and then fall dramatically. These moments can make it difficult to adopt these coins in daily use for one reason: imagine if the money you used to buy 1 kg of food could buy 2 kg of food tomorrow. You would be reluctant to buy anything. The same would happen with companies. How can you calculate costs and profit issues if there is no long-term value stability? If you happen to disagree with my opinion and believe that it needs adjustments, show me the way and point out my mistakes. I love being corrected in such cases.
Genuine question: Why will stake pools not become centralized like Bitcoin?
As a precondtion, let's say you control say 25% of the network and everyone else controls less. What's to stop that stake pool operator from not making more pools using the income from the pools that control 25% of the network? It seems like you could just keep spawning pools until you have k pools. Of course you gotta wait to earn the rewards, but since you are making more rewards than anyone else, you can spawn a pool with a competitive pledge before anyone else too. Of course someone that is broke wouldn't be able to do this, but those who control a majority of the network seems like they could.
Hey all, Sorry for the bad title, I am still new to crypto and was not sure how to word this. What I am asking is there a crypto that is like Gen 1 crypto (only used as a value of money, no smart contracts) that does not use proof of word but proof of stake? I’m asking because I would not mind making some interest from holding and another because I do really believe in a greener tomorrow, and the power usage that Bitcoin uses from mining is a concern of mine. Thanks!
How are unique links or strings like Bitcoin wallet address generated? At one point it seems that checking if that string is taken seems not efficient, is it just taking the chance and hoping such string will never be generated again ?
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I like bitcoin, but why should I buy it if it is pumped by Tether & can go any moment to 3k?
The only reason I'm not buying any bitcoin is because there are a lot of people saying it's pumped by tether. From one side its supposedly pumped by Tether, but then from the other side you hear about banks getting permission to store bitcoin, Corona money printing, governments adopting digital currency. Idk if the banks permissioning to store it statement holds any truth, but if it's true, then the government must assume btc is somewhat safe to have, own(?) by citizens & therefore it must/is actually not pumped by Tether? Cause why would the gov give banks permission to be involved with btc if it is actually pumped by Tether? I'm a complete noob & sont know what to think of it, so I'm posting to get yours opinions.
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Why cryptocurrencies like Bitcoin are drawing investor attention, explains Pankaj Jain of Block Hack
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