the The price of Bitcoin totter persistently sideways, but not the Ecosystem. Because the shoots currently to: in the direction of centralization, the Danish tax authorities in all directions, while Bitcoin bandits from Iceland to shoot Ethereum in the knee. The situation on Wednesday.
By Phillip Horch
23. January 2019BTC$3.569,42 -0.04%part Facebook Twitter LinkedIn xing mail
tumbling As long as a Bitcoin can course? It seems sometimes as if the price trends with all due care, the range between 3,500 and 4,000 US dollars. The bears refuse to fall in the more than well-deserved winter sleep, while you eat the bull the feed. These repel the horns to race in the attempt, due to the extremely resistant wall. A crippling sideways movement, with a few exceptions. The Ecosystem of the shoots in all directions.
Bitcoin-bandits, and the Exploration of digital Gold
The question of whether Bitcoin Mining is worth it at all, not the Bitcoin bandits from Iceland apparently. In good old digital Gangster fashion, the villains stole in the beautiful Island a total of 350 computers to mine it, according to the digital Gold. Not many, however, went well: Sindri Stefánsson, the alleged top Bitcoin Bandit was soon in doubt enjoyment to be from the Icelandic authorities on the scruff of the neck Packed. Then it went quite fast in the prison. Much time he should spend there. The apparently very generous prison policies of Iceland gratefully, his heels took Stefánsson quickly to escape with the plane in the direction of Sweden. By the way, in the best company, in the Form of the Icelandic Prime Minister.
But even there he did not endure it long. Some of the detours it was then, but back in the domestic realm. The end of this spectacular journey took place at least back behind bars – however, in the Icelandic home. In short: For him and his seven band members, Bitcoin Mining not worth it apparently.
Read also: Max Keiser: Bitcoin is the global reserve currency
other reasons for not more might be worth the Dig for digital gold, under certain circumstances, also for Miner with a whiter vest soon. Because, as current research suggests, could dollars, the cost for Bitcoin Mining up to 2030 under the four of US (!) fall. The unwavering Permabullen like Mike Novogratz, John McAfee and his ilk, the bottom line of the study, ignored technological progress. So Professor doctor schlotmann, author of the study:
„The enormous influence of technological development on the production, writes ignored cost of many prominent market participants (Lee, Novogratz) with their price targets of US $ 100,000 and more, apparently.“
The technological progress cannot be stopped, of this you can expect to, ultimately, a significant increase in the efficiency of Bitcoin Mining. However, the fly in the ointment: If the Bitcoin ETFs come at last (here, by the way, five reasons why you should do this) and similar speculative vehicle to attract more investors, there are better courses. As long as it goes and then probably still sideways.
Ethereum finds its center of
In the case of Ethereum, there is, however, on the technological level – is increasingly in the direction of the middle. Because The project has not only a security but also a centralization problem. So not only the Constantinople Hard Fork has been cancelled in the meantime due to security flaws in Smart Contracts. Much more, it seems to be sometimes just too expensive to operate its own Nodes. How TheBlock reported, soft dApp-developer, therefore, is increasingly on services such as Infura. These provide developers with a all-Round Carefree package: Without having Nodes operate, Ethereum Tinker-users of here on your own dApps.
Read also: Chain Split in the case of Ethereum: 10 per cent of the Miner to use Constantinople
Thus, you Tinker, however, a Problem that should be eliminated by the Blockchain technology, originally: A single point of attack or Single Point of Failure. Whether this is also the Point of no Return, must of course show the time.
the signs of The times
Speaking of time: The Danish tax authority, whose name is reminiscent of a card game, took it well plenty of to feel a crypto-investors on the filled teeth. You would have looked at the sideways movements more accurately, would not have, you can probably already guess that these pads straight to Gold. However, this action creates doubt: What tax authorities are allowed to actually, when it comes to the income from the crypto area? We have looked into the matter, with a view to the more accurately. The results are not very clear. Because suspected, the authorities may be expected to be, as some of the traders fond of (more on this here).
One last thing, a whiplash with all the movements to prevent: at Least Wyoming is trying currently to drive in a straight line. If the current bill should go through, could Bitcoin are soon as money.