Le Bitcoin et l’inflation en 2021

Depuis sa création, le Bitcoin se revendique comme une monnaie refuge. Dans le cas où l’économie s’écroule, le prix du Bitcoin est censé grimper grâce à son stock limité.

En 2020, l’épidémie de COVID-19 a mis cette théorie à l’épreuve. Ce fut une belle année pour le Bitcoin : sa fière allure a convaincu plus d’un sceptique. Retour sur les événements de 2020 : quel futur pour la mère des cryptomonnaies ? Quelle relation a-t-elle avec l’inflation de 2021 ? Découvrez-le ici, sur Bitcasino.

L’inflation du Bitcoin en 2021

Le stock de Bitcoins est fixé à une quantité maximale de 21 millions d’unités aujourd’hui. 18 millions d’entre eux ont déjà été minés. Quand ce nombre sera épuisé, aucun nouveau Bitcoin ne sera jamais miné. Cette subtilité offre un point commun entre le Bitcoin et l’or, en plus d’une couverture contre l’inflation.

Aucune banque centrale ne peut “fabriquer” de Bitcoin. A la place, les nouvelles unités sont assemblées grâce à un processus qu’on appelle le minage. Un mineur doit résoudre des problèmes mathématiques complexes avant de vérifier une transaction et l’ajouter à la blockchain pour la mettre à jour.

En échange de leur labeur, les mineurs reçoivent un bloc (d’une valeur de 6,25 BTC). Ce procédé permet de sécuriser le réseau Bitcoin et d’assurer une concordance entre la demande et la quantité de nouveaux Bitcoin assemblés.

Le Bitcoin réduit de moitié

Maintenant, que se passe-t-il quand la demande est trop élevée et que de plus en plus de Bitcoins entrent sur le marché ? Le Bitcoin est réduit de moitié. Tous les quatre ans ou à chaque paquet de 210 000 blocs ajoutés à la blockchain, la récompense que les mineurs reçoivent pour chaque bloc est divisée par deux. Cela permet de réduire la production de Bitcoins et tempère l’inflation de son prix.

La réduction de moitié est une précaution de déflation anticipée dans le code du Bitcoin. Avec moins de stock, le prix du Bitcoin est censé monter. Ceci s’est avéré vrai lors des deux dernières divisions de moitié, en 2012 et en 2016, au cours desquelles les prix ont été respectivement réduits à 25 BTC et 12,5 BTC.

Après chacune des divisions en deux, le prix a augmenté de plus de 200% en moins d’un an, avec un prix allant jusqu’à 2 526 USD en 2017.

La troisième division en deux a eu lieu en mai 2020. Son effet à long terme n’a pas tardé à se faire attendre. En moins d’un an, le Bitcoin a atteint un nouveau plus-haut historique d’une valeur de 61 000 USD le 13 mars. C’est presque 250 % plus haut que le dernier plus-haut de 2017, enregistré aux alentours de 20 000 USD.

Une couverture face à l’inflation

En considérant la rareté du Bitcoin et ses précautions de déflation, il apparaît qu’il sert plutôt d’actif où investir que de monnaies d’échange. La cryptomonnaie est pourtant considérée par beaucoup comme une sécurité contre l’inflation, car ses prix ne sont soumis à aucune régulation.

En prenant en compte tous ces paramètres, il semble normal qu’autant d’investisseurs se soient rués sur le Bitcoin pendant la pandémie de COVID-19 en 2020, tandis que l’activité économique mondiale a été freinée. 

Le gouvernement américain, la pandémie de COVID-19 et la crise économique

En réaction au crash économique dû au confinement national aux États-Unis, la Réserve Fédérale a lancé une politique monétaire visant à préserver des taux d’intérêt réduits et à imprimer plus de billets. Plus de 3 milliards de dollars américains ont été imprimés par la Réserve Fédérale Américaine au cours de l’année.

Tout ceci a stimulé l’économie. Garder des taux d’intérêt faibles encourage les individus à emprunter et à dépenser, ce qui a effectivement permis de relancer l’activité économique.

Néanmoins, une dévaluation de la monnaie a suivi l’augmentation du nombre de dollars américains en circulation. Les taux d’inflation devraient augmenter prochainement, dès que la demande commencera à croître. Une forte demande et un manque de réserve entraîne une hausse des prix et des taux d’inflation.

Les cryptomonnaies sont-elles des refuges à l’inflation ?

Selon la Réserve Fédérale Américaine, l’inflation est relative à l’augmentation du prix des biens et des services au cours du temps. La quantité d’argent en circulation joue aussi un rôle majeur dans l’augmentation de l’inflation.

Les cryptomonnaies n’ont pas ce problème d’inflation, car leur réserve est limitée. La plupart des cryptomonnaies ont une limite fixée et leur propre protocole pour ajouter de nouvelles unités sur le marché. Ainsi, leur prix ne peut qu’augmenter et leur réserve s’amenuiser, ce qui en fait une couverture face à l’inflation. Au contraire, la valeur des devises comme le dollar américain ne peuvent que baisser à mesure que la réserve s’accroît.

Tandis que le gouvernement fédéral américain continue d’imprimer de l’argent et de garder des taux d’intérêt faibles, l’USD subit une dévaluation et son taux d’inflation ne peut qu’augmenter. La croissance des taux d’inflation est prévisible : afin de se prémunir face à la crise à venir, beaucoup d’investisseurs cherchent des alternatives comme les cryptomonnaies pour subsister face à l’inflation.

Est-ce que les taux d’inflation augmentent ?

La Réserve Fédérale a annoncé que le taux d’inflation a augmenté de 1,5 % en 2020, ce qui est bien plus bas que la prévision de 2 %. Cela signifie que, même avec des taux d’intérêts bas, la population n’emprunte ni ne consomme autant que prévu. A la place, l’argent s’accumule. En fait, les prix et les taux d’inflation n’ont aucune raison d’augmenter s’il n’y a pas de forte demande.

Pourtant, la stagnation des taux d’inflation ne freine pas les investisseurs dans leurs placements en cryptomonnaie. C’est parce que le Bitcoin sert toujours de refuge, de prévention face à une augmentation de l’inflation à venir. Il est toujours prévu que les taux d’inflation augmentent : leur stagnation actuelle ne durera pas une éternité.

Les taux d’inflation devraient croître quand la pandémie s’estompera et que la population deviendra plus active, relançant l’activité économique grâce à la consommation de biens et services.

Qu’attendre du Bitcoin et de l’inflation en 2021

Le monde progresse en 2021 : les politiques monétaires et l’activité des consommateurs détermineront l’évolution des taux d’intérêt. Avec une relance de l’activité économique, la demande risque d’augmenter en même temps que les prix. Alors, de plus en plus d’investisseurs se tourneront vers le Bitcoin comme solution de dernière minute, ce qui devrait faire exploser son prix.

Si le prix du Bitcoin est sur le point d’exploser, ce pourrait être intelligent d’investir dans quelques cryptomonnaies, et il n’y a pas de meilleur endroit pour le faire qu’ici, sur Bitcasino. Jouez à des jeux de casino avec des Bitcoins, et profitez d’une expérience de jeu plus divertissante, juste et rapide qu’aucune autre !

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Engine No. 1 Releases White Paper Detailing Changing Energy Landscape in Response to ExxonMobil Investor Day Presentation

Engine No. 1 Releases White Paper Detailing Changing Energy Landscape in Response to ExxonMobil Investor Day Presentation




Engine No. 1 Releases White Paper Detailing Changing Energy Landscape in Response to ExxonMobil Investor Day Presentation

New Analysis by Leading Energy Market and Policy Expert Sets Forth the Long-Term Risks and Opportunities Facing ExxonMobil and Its Peers

Engine No. 1’s Nominees Have the Proven Success Across the Energy Industry to Help ExxonMobil Better Protect Long-Term Shareholder Value in a Rapidly Evolving Industry

SAN FRANCISCO–(BUSINESS WIRE)–Engine No. 1, which has nominated four highly qualified independent director candidates to the Exxon Mobil Corporation (NYSE: XOM) (“ExxonMobil” or the “Company”) Board of Directors (the “Board”), today released a white paper by a leading energy market and policy expert analyzing the risks and opportunities facing ExxonMobil in a rapidly changing industry. This analysis details an evolving industry that requires significant long-term business model innovation to enhance and protect shareholder value, which contrasts sharply with the outlook set forth by ExxonMobil in its presentation to investors today. Engine No. 1 believes this analysis underscores the need for new Board members with successful and transformative energy industry experience who can help position ExxonMobil better for today and tomorrow.

Engine No. 1 stated: “ExxonMobil has now adopted the language of long-term net zero emissions and dramatically shifted its emphasis from production growth to investor returns, both of which are remarkable shifts since the start of our campaign last year. However, we believe that reacting to the threat of a shareholder vote is not the same as a coherent and value-enhancing long-term strategy, and that without real change these gains could be short-lived. More importantly, we believe that turning these newfound ambitions into action will require leadership, and that without a diverse mix of successful and transformative energy experience on the Board, ExxonMobil will risk continued long-term shareholder value destruction.”

The new paper (available here) was authored by leading expert Professor David Victor of the University of California San Diego, who was a convening lead author for the Intergovernmental Panel on Climate Change (IPCC), an organization which ExxonMobil today referred to as the authoritative source on these topics, in association with Engine No. 1. Topics covered in detail which have direct implications for ExxonMobil include:

  • Long-Term Demand Risk. While ExxonMobil continues to plan for long-term growth in oil and gas production (and thus increased overall emissions growth) for decades to come, this plan carries significant risk of further long-term shareholder value destruction. About 2/3 of world greenhouse gas (GHG) emissions come from countries that have net zero targets for emissions (mostly for 2050), and achieving those goals (or even coming close) will likely cause an implosion in fossil fuel demand, yet ExxonMobil’s presentation does not explore this widely-known range of possible outcomes.
  • Business Case for Actual Paris Alignment. Companies that claim consistency with the Paris Agreement but whose business models run counter to its goals are risking more than just inconsistency but are in fact creating significant financial risk, as investors ascribe them an increasing cost of capital and a declining terminal value. Long-term total emissions reduction goals (including Scope 3 emissions) are thus a financial risk management imperative. Likewise, reliance on the idea that carbon capture will permit businesses to avoid evolution risks even greater long-term disruption and value destruction. Nearly all of ExxonMobil’s carbon capture experience is in areas such as gas processing, which is important but not the type of carbon capture application that research shows will be most important and transformative as the world makes deep cuts in emissions.
  • Changing Economics of Innovation. Historical oil and gas returns were consistently high enough, and the dangers of inaction consistently low enough, that oil and gas companies had a strong economic case for the status quo. While any change in the oil and gas industry will take time, falling project returns due to structural issues and the rising societal demand for de-carbonization have significantly shifted this dynamic. The risk of being caught on the wrong side of innovation cannot be understated and long-term success will likely require entirely new types of innovation, leadership, and proactive positioning.

Engine No. 1 today also noted that, “ExxonMobil today presented a vision of the future that we believe risks continued long-term value destruction, including a lack of serious diversification efforts and the hope that carbon capture will enable the Company to avoid long-term evolution. Reasonable people of goodwill can differ as to where the energy industry is going in the decades to come, and there are no easy answers. What we think is not debatable is that capitalizing on the opportunities and managing the risks created by rapid technological, policy, and market changes will require successful and diverse energy experience on the Board. We have benefited greatly from this analysis and our discussions with numerous other experts, and we hope that this paper will be helpful to other ExxonMobil shareholders as well.”

About white paper development .

The full white paper and additional information regarding Engine No. 1’s campaign to reenergize ExxonMobil may be found at www.ReenergizeXOM.com.

About Engine No. 1

Engine No. 1 is an investment firm purpose-built to create long-term value by driving positive impact through active ownership. The firm also will invest in public and private companies through multiple strategies. For more information, please visit: www.Engine1.com.

About David Victor

David Victor is a professor of industrial organization and innovation at the School of Global Policy and Strategy at UC San Diego. He co-directs the campus-wide Deep Decarbonization Initiative, an effort to understand how quickly the world can eliminate emissions of warming gases. He is adjunct professor in Climate, Atmospheric Science & Physical Oceanography at the Scripps Institution of Oceanography and a professor (by courtesy) in Mechanical and Aerospace Engineering. Prior to joining the faculty at UC San Diego, Victor was a professor at Stanford Law School where he taught energy and environmental law. He has been heavily involved in many different climate- and energy-policy initiatives, including as convening lead author for the Intergovernmental Panel on Climate Change (IPCC), a United Nations-sanctioned international body with 195 country members that won the Nobel Peace Prize in 2007. His Ph.D. is from the Massachusetts Institute of Technology and A.B. from Harvard University.

Important Information

Engine No. 1 LLC, Engine No. 1 LP, Engine No. 1 NY LLC, Christopher James, Charles Penner (collectively, “Engine No. 1”), Gregory J. Goff, Kaisa Hietala, Alexander Karsner, and Anders Runevad (collectively and together with Engine No. 1, the “Participants”) intend to file with the Securities and Exchange Commission (the “SEC”) a definitive proxy statement and accompanying form of WHITE proxy to be used in connection with the solicitation of proxies from the shareholders of Exxon Mobil Corporation (the “Company”). All shareholders of the Company are advised to read the definitive proxy statement and other documents related to the solicitation of proxies by the Participants when they become available, as they will contain important information, including additional information related to the Participants. The definitive proxy statement and an accompanying WHITE proxy card will be furnished to some or all of the Company’s shareholders and will be, along with other relevant documents, available at no charge on the SEC website at http://www.sec.gov/.

Information about the Participants and a description of their direct or indirect interests by security holdings is contained in the preliminary proxy statement filed by the Participants with the SEC on March 2, 2021. This document is available free of charge on the SEC website. The definitive proxy statement, when filed, will be available on Engine No. 1’s website and the SEC website.

Disclaimer

This material does not constitute an offer to sell or a solicitation of an offer to buy any of the securities described herein in any state to any person. In addition, the discussions and opinions in this press release and the material contained herein are for general information only, and are not intended to provide investment advice. All statements contained in this press release that are not clearly historical in nature or that necessarily depend on future events are “forward-looking statements,” which are not guarantees of future performance or results, and the words “anticipate,” “believe,” “expect,” “potential,” “could,” “opportunity,” “estimate,” and similar expressions are generally intended to identify forward-looking statements. The projected results and statements contained in this press release and the material contained herein that are not historical facts are based on current expectations, speak only as of the date of this press release and involve risks that may cause the actual results to be materially different. Certain information included in this material is based on data obtained from sources considered to be reliable. No representation is made with respect to the accuracy or completeness of such data, and any analyses provided to assist the recipient of this material in evaluating the matters described herein may be based on subjective assessments and assumptions and may use one among alternative methodologies that produce different results. Accordingly, any analyses should also not be viewed as factual and also should not be relied upon as an accurate prediction of future results. All figures are unaudited estimates and subject to revision without notice. Engine No. 1 disclaims any obligation to update the information herein and reserves the right to change any of its opinions expressed herein at any time as it deems appropriate. Past performance is not indicative of future results. Engine No. 1 has neither sought nor obtained the consent from any third party to use any statements or information contained herein that have been obtained or derived from statements made or published by such third parties. Except as otherwise expressly stated herein, any such statements or information should not be viewed as indicating the support of such third parties for the views expressed herein.

Contacts

Media Contacts
Gasthalter & Co.

Jonathan Gasthalter/Amanda Klein

212-257-4170

Engine1@gasthalter.com

Investor Contacts:
Innisfree M&A Incorporated

Scott Winter/Gabrielle Wolf

212-750-5833

Acheter bitcoin directement

Pour acheter et vendre des Bitcoins ou d’autres monnaies cryptographiques sur Bitvavo, vous n’avez pas besoin de logiciel supplémentaire. Vous allez sur le site Web de Bitvavo et si vous n’avez pas de compte, enregistrez-vous et suivez le manuel de Bitvavo sur notre site Web pour acheter du Bitcoin ou une autre devise crypto.

Bitvavo vous donne non seulement la possibilité d’acheter de la monnaie cryptée, mais vous pouvez également utiliser cette plate-forme pour vous débarrasser de votre monnaie cryptée d’une manière simple et conviviale.

Dans quelle mesure Bitvavo est-il fiable et sûr?

Bitvavo offre à l’utilisateur une expérience utilisateur exceptionnelle. De nombreux fournisseurs ont des portefeuilles distincts pour la crypto-monnaie. Bitvavo les gère et les stocke dans un portefeuille hors ligne. Le nom dit tout, portefeuille hors ligne et ne sont donc pas connectés à Internet et ne peuvent pas être piratés. C’est une solution très sûre mais vous devez vous rappeler que vous n’avez pas le contrôle sur la devise cryptographique achetée. Vous n’avez pas la clé dans votre propre portefeuille.

Une autre mesure de sécurité prise par Bitvavo est le fait qu’ils disposent d’une authentification à deux facteurs. Vous en êtes responsable, Bitvavo vous offre la possibilité de l’activer et de l’utiliser pour mieux vous protéger.

Bitvavo protège également ses titulaires de compte en cas de faillite. Bitvavo a créé sa propre fondation: Stichting Bitvavo Payments. Toutes les transactions en devises et le total des actifs sous gestion sont organisés par ce tiers et non par la société, Bitvavo B.V., elle-même. Cette conception réfléchie fait de Bitvavo une partie de confiance. Bitvavo est fiable et sûr.

À propos de Bitvavo

Bitvavo est une entreprise jeune et en pleine croissance. Bitvavo a été fondé par de jeunes entrepreneurs passionnés par le marché numérique et par la monnaie numérique. C’est une société néerlandaise basée à Amsterdam. Avec iDeal, vous pouvez déposer vos euros sur votre compte Bitvavo en quelques clics. Vous achetez ainsi la devise cryptographique que vous souhaitez acheter et échanger.

Le dépôt et l’achat de monnaie crypto est très convivial et bien organisé. Parce que c’est une société néerlandaise basée à Amsterdam, vous disposez également d’un service client néerlandais.

Ils n’ont pas de chat en direct et si vous avez des questions, vous pouvez envoyer un email à supper@bitvavo.com. Si vous souhaitez rechercher rapidement quelque chose, vous pouvez toujours consulter la page “Foire aux questions” et la réponse y est souvent déjà.

acheter bitcoin directement

Quel futur pour le Bitcoin ?

Le Bitcoin a soufflé ses 10 bougies en octobre 2019. Apparu en 2008, le principe de cette monnaie virtuelle consiste à éliminer les intermédiaires. Petit point sur son utilisation.

Le Bitcoin, c’est quoi ?

Le Trésor américain a identifié le Bitcoin comme une monnaie virtuelle, alors qu’il est plus communément décrit comme la première crypto-monnaie. C’est à dire une monnaie virtuelle en effet, mais en plus de ça, elle n’est accessible qu’avec un mote de passe. Le Bitcoin est la plus importante du genre par sa valeur marchande totale, qui est actuellement de 19,2 milliards de dollars. Il est de plus en plus simple d’acheter du Bitcoin à l’heure actuelle.

Une monnaie qui va changer le monde ?

Beaucoup de spécialistes de la nouvelle économie prédisait que le Bitcoin prendrait le monde d’assaut. Mais pour le moment, nous n’avons pas encore constater de déferlement même si le succès est au rendez-vous. Pour le moment, cette monnaie n’a pas déraciné les services bancaires traditionnaux tels que nous les connaissons aujourd’hui. Pas de baisse importante du nombre de comptes bancaires et pas d’effets négatifs sur les revenus des banques.

Quel usage à l’heure actuelle ?

En l’état actuel des choses, de plus en plus de sociétés bien connues acceptent le paiement avec des bitcoins. On peut citer, par exemple, les compagnies suivantes : Amazon, Apple Expedia, Overstock, Subway, Reddit, Microsoft, Dell, Tesla, Bloomberg.com, Kmart, Sears, Gap, ou encore Victoria Secret.

Les chiffres sur les bitcoins sont encore rares. Mais avec plus de 100 000 marchands acceptant le bitcoin comme moyen de paiement, on peut tout de même affirmer qu’un phénomène est en marche. Le nombre de marchands acceptant les bitcoins ayant quadruplé entre 2014 et 2015 seulement ! De plus, les sites proposant d’acheter des bitcoins se démocratisent chaque jours d’avantage. Une recherche produite par l’Université de Cambridge a conclu cette année qu’il y a entre 2,9 et 5,8 millions d’utilisateurs uniques qui utilisent activement un porte-monnaie cryptographique, la plupart d’entre eux utilisant Bitcoin, ce qui est beaucoup plus que les 0,3 à 1,3 millions d’utilisateurs uniques estimés en 2013.

Quels intérêts autour de cette monnaie ?

L’avantage principal pour le consommateur se situe au niveau de la réduction des frais de transactions. Effectivement, les commerçants et les vendeurs acceptent les bitcoins avec des frais de 0% à moins de 2%. Bien plus compétitifs que les frais de carte de crédit ! L’inconvénient étant néanmoins le manque de protection pour le consommateur ou le commerçant. D’ailleurs, les utilisateurs de bitcoin sont encore peu protégés par des droits de remboursement et de rétrofacturation. Cela changera certainement. La valeur du bitcoin a certainement été freinée par l’absence de reconnaissance et de réglementation dans les principales économies, ce qui donne à penser que la décision du Japon pourrait avoir un effet domino, ce qui serait une véritable aubaine pour les bitcoin, si l’on considère que la valeur du bitcoin a augmenté de 8%, soit 1 milliard de dollars, pour atteindre 19,5 milliards de dollars en capitalisation. Enfin, qu’on soit très réservé ou non sur la question, il est important de ne pas fermer les yeux face à ce phénomène par manque de confiance. Il s’agit sans doute d’une nouvelle révolution économique en marche, il s’agit de ne pas manquer ce rendez-vous.

#Blockchain An In-Depth Look at Ethereum’s Maker and Dai Stablecoin

An In Depth Look at Ethereum's Maker and the Stablecoin Dai

Since tether (USDT) bolstered the idea of a working stablecoin over the last few years, there’s been a variety of different types of stable cryptocurrencies that are usually pegged to the U.S. dollar. However, there’s one particular stablecoin that’s been a hot topic of discussion lately called dai, a coin that’s backed by ethereum locked into a smart contract.

Also read: Payglobal Provides Cryptocurrency to Fiat Transfers With Existing Bank Cards

Maker and Dai

The following is an overview of how dais are created within a network called the Maker DAO and why some cryptocurrency enthusiasts seem to like the concept better than its fiat alternatives. But there’s also a slew of critics who dislike the Maker project for a multitude of reasons that could theoretically hurt a few individuals’ dreams of the perfect stablecoin backed by crypto assets.

The Ethereum network has a popular decentralized autonomous organization (DAO) called Maker, which is now well known for creating a cryptocurrency-backed stablecoin called dai. The Single-Collateral Dai (SCD) system, launched in December 2017, allows anyone to leverage their ETH in order to create a stablecoin that keeps price valuation down to around $1 most of the time. Over the last 14 months of operation, the Maker DAO has become the most popular Ethereum-based system in 2019. At the time of publication, there’s more than 1 percent of the entire ETH supply in circulation locked up into the Maker system as there’s 2.1 million ETH used as collateral.

An In-Depth Look at Ethereum's Maker and Dai Stablecoin

The Maker team consists of CEO Rune Christensen, CTO Andy Milenius, President Steven Becker and roughly 18 other leaders. The community is relatively small but has been growing since the project’s inception. Maker and the stablecoin dai community have a blog, a chat forum, and its own subreddit where individuals discuss the nascent ecosystem. At press time, dai is ahead of the stablecoin GUSD with the 55th largest market capitalization of around $89.3 million.

There are two fundamental differences between Maker’s dai and other stablecoins like USDC, GUSD, and USDT. For one, dai is not backed by fiat reserves held in a bank like a great majority of its stablecoin peers. The other difference is that fiat systems are collateralized by the company’s word and third-party audits while the transparency of dai can be seen onchain at all times. Basically, dai holds stability because ETH is locked into a contract used in a system called a Collateralized Debt Position (CDP). A user wanting to acquire dai sends the ETH to a CDP and can withdraw dai from there.

An In-Depth Look at Ethereum's Maker and Dai Stablecoin

However, the collateralization ratio uses a method called overcollateralization (OC), which helps lower the system’s exposure to risk and keeps the credit (dai) through Maker’s autonomous feedback mechanisms. OC requires more funds than a typical dollar for dollar trade in order to obtain dai. The ratio of ETH collateral needed in order to acquire dai is fixed at 1.5:1 at all times, but users can purchase dai on the open market too.

An In-Depth Look at Ethereum's Maker and Dai Stablecoin
There is currently 2.1 million ETH locked into Maker contracts that produce dai.

Critics of Maker, Overcollateralization, and a Stablecoin Unmediated by the Legal System

Maker and dai have become a popular subject among cryptocurrency supporters largely because some people like the concept of a liquid stablecoin for certain use cases as well as the idea dai is backed by crypto. However, there are some critics of the Maker protocol and the dai stablecoin it produces. Some skeptics believe the project could fall victim to the same scenario that happened to the Ethereum network’s first DAO which saw the loss of $50 million in June 2016. At the time, users exploited the DAO’s code enabling them to take one-third of the DAO’s funds to a subsidiary account. Another critique of Maker DAO explains that the OC scheme and paying the contract back with the equivalent amount of dai is well known. However, what the organization hasn’t explained yet “is that you also need to pay a stability fee in MKR,” Bennett Tomlin said last June.

“Also [dai] cannot always be collateralized in excess, because if there is a black swan event that destroys the value of ethereum that is no longer true,” Tomlin’s research details.

An In-Depth Look at Ethereum's Maker and Dai Stablecoin

Tomlin’s study called a “Deep Look at Maker DAO and Dai and MKR” adds that the Maker’s creators explain in the white paper that in the event of a “black swan” crash the organization will dilute the “pooled ether.” The author’s post explains, “Why someone would trust this, I do not know — The developers are obviously aware of this risk, but it seems to be ignored.” Tomlin’s report also details that the biggest hurdle for the Maker team is the government-specific entities that regulate the U.S. financial activities. “Better watch out for the SEC, the CFTC, and the rest of the alphabet soup,” Tomlin warned.

An In-Depth Look at Ethereum's Maker and Dai Stablecoin

A Multi-Collateral Dai and Other Chain’s Creating a Stablecoin

Despite some concerns, the Maker DAO continues to rake in lots of ethereum in order to create the world’s first working consumer-grade stablecoin based on the collateralized crypto assets. The project’s roadmap calls for a Multi-Collateral Dai system which will at some point be able to collateralize the dai stablecoin with other cryptocurrencies. On Nov. 6, 2018, the development team detailed that the code for Multi-Collateral Dai was published and contracts have been deployed to the system’s testnet.

An In-Depth Look at Ethereum's Maker and Dai Stablecoin

Additionally, there has been talk of other cryptocurrencies following suit with the dai idea. Just recently the Bitcoin Cash (BCH) community discussed the creation of a stablecoin built on the BCH chain. The BCH network has been recently experimenting with token creation but something like dai on BCH would require some different elements. By and large, the Ethereum community seems to appreciate the Maker protocol and dai stablecoin and so far it has brought some more traction toward that ecosystem.

What do you think about the Maker protocol and the dai stablecoin? Let us know your thoughts on this subject in the comments section below.

Disclaimer: This article is for informational purposes only. Bitcoin.com does not endorse the Maker DAO or dai stablecoin. Readers should do their own due diligence before taking any actions related to the mentioned companies, creators, associates, or any of its affiliates or services. Bitcoin.com and the author are not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.


Image credits: Shutterstock, Maker DAO, Dai, Makerscan.io, and Pixabay.


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#Blockchain Venezuela Starts Regulating Cryptocurrency Remittances

Venezuela Starts Regulating Cryptocurrency Remittances

The Venezuelan government has begun regulating cryptocurrency remittances. The regulator has set a monthly limit and will be collecting commissions of up to 15 percent of the transaction amount. Additionally, new details of its comprehensive registry of crypto service providers have been announced.

Also read: Indian Supreme Court Moves Crypto Hearing, Community Calls for Positive Regulations

Regulating Crypto Remittances

The National Superintendency of Crypto Assets and Related Activities (Sunacrip), the regulator of all crypto activities in Venezuela, announced on Friday that the new regulation for remittances using cryptocurrencies has entered into force. The decree enacting this regulation was published in the country’s Official Gazette No. 41.581.

Venezuela Starts Regulating Cryptocurrency Remittances

The decree establishes “the requirements and procedures for the sending and receiving of remittances in crypto assets to natural persons in the territory of the Bolivarian Republic of Venezuela,” Sunacrip explained.

According to the decree:

The sender of the remittances referred to in this ruling is obliged to pay a financial commission in favor of Sunacrip up to a maximum amount of 15% calculated on the total of the remittance.

The minimum commission Sunacrip charges is “equivalent to 0.25 euros [~$0.28] per transaction,” the gazette reads.

According to the text of the regulation, Sunacrip now has the power to establish the remittance limits, set values of cryptocurrencies in sovereign bolivars, specify tariffs, and request data from the issuers and receivers involved in the transactions, local news outlet Criptonoticias reported.

The monthly limit for sending remittances is equivalent to 10 petros (PTR), Venezuela’s national currency that the government claims to be a cryptocurrency backed by oil, gold, diamond and other natural resources. “This cap translates into US $600 per month, according to the quote set for the PTR. Any amount that exceeds this limit will require the Sunacrip endorsement, which will authorize up to a maximum of 50 PTR ($3,000),” the publication elaborated.

Venezuela Starts Regulating Cryptocurrency Remittances

Following Sunacrip’s announcement, some people took to Twitter to voice their opinions about the new rules. One user commented that these rules are “the most absurd thing I’ve seen.” Another user tweeted, “An absurd regulatory framework. Instead of promoting the adoption of crypto assets, [they] are trying to centralize something that its genesis is the opposite.”

Crypto Service Registry

Following the initial enforcement of crypto regulation in Venezuela on Jan. 31 with the publication of Official Gazette Number 41.575, the government has proceeded to enact rules specific to the cryptocurrency service registry.

The Superintendent of Sunacrip, Ramirez Joselit, announced on Feb. 5 that the regulation for the “Integral Registry of Services in Crypto Assets [Risec]” has entered into force with its publication in Official Gazette Number 41.578.

Venezuela Starts Regulating Cryptocurrency Remittances

The Ministry of Popular Power for Communication and Information explained that “Natural, legal, public and private persons, communal councils and other organizations of the People’s Power that intend to carry out activities related to the Integral System of Crypto Assets may be registered.”

According to the decree, Sunacrip is in charge of Risec “which will systematize the information related to the identity and other recurrent data of the user of the Integral System of Crypto Assets and related activities.” The regulator will designate a unit “responsible for the control, monitoring and verification of updating of the data contained in the Risec.”

What do you think of Venezuela regulating crypto remittances and keeping a registry of crypto service providers? Let us know in the comments section below.


Images courtesy of Shutterstock and the Venezuelan government.


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#Blockchain BCH Avalanche Transactions Show Finality Speeds 10x Faster Than Ethereum

BCH Avalanche Transactions Show Finality Speeds 10x Faster Than Ethereum

Over the last few weeks, Bitcoin Cash (BCH) developers and community members have been discussing a pre-consensus method called Avalanche. Now BCH proponents have begun to notice the protocol has been applied to the Bchd full node implementation and the proof of concept officially running on the BCH mainnet.

Also read: Mt. Gox Creditors Neither Need nor Deserve This Kind of ‘Hero’

The Benefits of Avalanche and PoW Running in Parallel

The Avalanche proof-of-concept is a consensus algorithm that adds Byzantine fault tolerant proofs to a blockchain network so nodes can differentiate between two conflicting transactions. The protocol communicates with nodes in real time in order to bring consensus in a more efficient manner. This is because Avalanche queries the network of nodes and asks them to come to pre-consensus on which of the two conflicting transactions are preferred.

BCH Avalanche Transactions Show Finality Speeds 10x Faster Than Ethereum

People are often confused with Avalanche being applied to BCH because it’s also being used in a proof-of-stake (PoS) project designed by Cornell Professor Emin Gün Sirer. On the BCH chain, Avalanche is only being used for pre-consensus and runs parallel with the original proof-of-work consensus mechanism. A number of BCH developers and proponents believe Avalanche will make the BCH network far more robust.

Avalanche discussions have increased over the last week since the protocol is now running on the main network. “Ok, the Avalanche proof of concept is officially running on mainnet,” explained Bchd developer Chris Pacia on Feb. 7. The programmer also left a link to the protocol’s Github repository which gives developers a gist of the Avalanche pre-consensus specification implemented in the Bchd branch.

The Bchd version of Avalanche Github repository states:

[The following specification] is not intended to be a final spec and is likely not compatible with the implementation being developed by Bitcoin ABC — The primary purpose is to give other developers something tangible to look at, think about, and discuss.

BCH Avalanche Transactions Show Finality Speeds 10x Faster Than Ethereum

Irreversible Transactions in Seconds

In addition to the experimentation on the main BCH chain, Bchd developers have published an Avalanche transaction explorer as well. The speed at which BCH transactions are processed shows the transaction’s finality is typically 2-3 seconds or less. Essentially this means the transaction (tx) listed on the Avalanche explorer has reached a point at which it can no longer be reversed by a double spend, even though the tx is unconfirmed by miners.

“If used this way, it would give Bitcoin Cash the equivalent of nearly instantaneous confirmations while improving mempool synchronization and reducing the financial incentive to 51% attack,” the Avalanche blockchain explorer details. “As you can see, at present most transactions become irreversible after just a couple seconds — To take this from proof-of-concept to an actual consensus rule will require lots of testing, experimentation, data collection, code review, and soft fork activation rules.”

BCH Avalanche Transactions Show Finality Speeds 10x Faster Than Ethereum

10x Faster Than ETH and Reorganization Protection

Over the last few days, BCH supporters have also discussed how the transaction finality speeds have been 6-10x faster than the Ethereum network. “Transaction finalized in 1.559723305 seconds — That’s 10x faster than ETH — A serious game changer,” explained BCH developer and Bitbox founder Gabriel Cardona on Twitter. Bitcoin ABC developers have also been discussing Avalanche and the protocol is on the roadmap according to the BCH development statistics page on Coin Dance.

In the past, Bitcoin ABC developer Amaury Sechet has said the protocol can make synchronization far more efficient. The ABC developer discussed the benefits of Avalanche at the Satoshi’s Vision Conference in Italy last October. There are more advantages explained in a post written by the ABC developer Mengerian, who says not only is transaction finality fast, but the Avalanche protocol “provides a good mechanism for post-consensus defense against blockchain reorganization attacks.” It seems that the proof-of-concept Avalanche is making headway within the BCH ecosystem and the results have been positive so far.

What do you think about the Avalanche pre-consensus model? Let us know what you think about this subject in the comments section below.


Image credits: Shutterstock, Avalanche Transaction Explorer, Bchd website, and Github. 


Verify and track bitcoin cash transactions on our BCH Block Explorer, the best of its kind anywhere in the world. Also, keep up with your holdings, BCH, and other coins, on our market charts at Satoshi’s Pulse, another original and free service from Bitcoin.com.

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#Blockchain Localbitcoins to Introduce New User Verification Rules

Peer-to-peer crypto exchange Localbitcoins is preparing to implement updated requirements for the identity verification of its users. The company recently revealed it’s cooperating with regulatory agencies in Finland on the implementation of the latest EU anti-money laundering rules.

Also read: 3 Technical Proposals for Increasing Bitcoin’s Privacy

P2P Exchange Localbitcoins Advising Finnish Regulators

In a statement published on its website this week, the popular P2P coin trading platform Localbitcoins explained why the upcoming changes are necessary. The new 5th Anti-Money Laundering Directive (5AMLD), which was enforced by the European Commission in July 2018, covers virtual currencies. 5AMLD, or Directive 2018/843 of the European Union, also includes cryptocurrency exchange services and custodian wallet providers in its scope, Localbitcoins noted.

Localbitcoins to Introduce New User Verification Rules

EU member states now have until January 2020 to transpose the new 5AMLD requirements into their national legal frameworks. Finland, where Localbitcoins is based, has already drafted new legislation concerning digital currency services that amends the country’s Anti-Money Laundering Act in accordance with the European directive.

According to the announcement, Localbitcoins has been a pioneer in advising Finnish regulatory agencies in this process and adapting to the new standards of compliance relevant to the cryptocurrency industry. The Helsinki-based company believes its mission is to “bring Bitcoin everywhere.” It says that “by being a reference in compliance, we also aim to promote trust, legitimacy and maturity in the Bitcoin ecosystem, while paving the way for it to become a more viable and widespread currency and combating criminal use of Bitcoin and its network.”

Changes to Affect Account Registration and Verification

The Localbitcoins team has also expressed confidence that the new measures will bring “significant benefits” to users by promoting a safer trading environment and preventing fraud. Although the exact legal requirements are still under preparation, the exchange notified clients that they will bring “major changes” to how crypto trading platforms operate. The company further detailed:

The most important changes concerning Localbitcoins’ users will be related to improving the registration of new accounts and the identity verification processes, introducing wallet withdrawal and trade volume-based verification tiers.

The Finnish company also said it’s working to smoothen the transition for those customers who make legitimate use of its services and already comply with their terms. For years, Localbitcoins has been a benchmark platform among peer-to-peer cryptocurrency exchanges. It connects buyers and sellers of digital coins around the world on geographical basis allowing crypto purchases through an escrow system.

A Benchmark Exchange and Its Alternatives

Localbitcoins was founded in the summer of 2012 and gained popularity among crypto traders who were able to exchange digital currencies in a relatively anonymous manner. However, a few years ago the company introduced a feature allowing users to voluntarily upload their IDs.

Localbitcoins to Introduce New User Verification Rules

Later, those who traded large amounts of bitcoin were reportedly asked to upload a copy of an ID document. Last spring, the platform updated its terms of service due to new EU regulations and included identification requirements in certain situations, as news.Bitcoin.com reported.

A number of other peer-to-peer and decentralized crypto exchanges have emerged over the years. These include platforms such as Paxful, Bisq, Bitsquare, Coinffeine, and Hodl Hodl. New companies continue to create similar exchanges. In November, a startup from Norway announced the launch of a peer-to-peer cryptocurrency marketplace called Bitruption.

Are you using the services of Localbitcoins or any of the other P2P exchanges? Tell us in the comments section below.


Images courtesy of Shutterstock.


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#Blockchain These Video Sharing Sites Pay Content Creators in Bitcoin Cash

On Feb. 4, Bitcoin Cash (BCH) supporters caught a sneak peek at two new video platforms dedicated to the BCH ecosystem. Porn.cash and Cinema.cash give content creators the ability to publish videos and get paid in cryptocurrency.

Also read: Indian Supreme Court Moves Crypto Hearing, Community Calls for Positive Regulations

Video Publishers and Content Creators Get Paid in BCH at Cinema Cash

There’s a new BCH-fueled video service called Cinema.cash that allows users to upload content and be rewarded for posts. There are two types of revenue streams that content creators can utilize in order to get paid in crypto – tips and pay-per-view sessions. Tipping is set to default for all videos, and with pay-per-view, users have to pay beforehand to watch the content. Registering is fairly straightforward as users don’t need to use an email or verify their identity.

These Video Sharing Sites Pay Content Creators in Bitcoin Cash
Cinema.cash

Only a username and password is required to sign up to both websites. Cinema Cash has a wide array of videos including subjects like action, documentary, comedy, cryptocurrencies, and science fiction. The creators also designed a fundraising section so users can publish videos in order to raise some money for an effort or someone in need. Porn.cash is the same exact setup as Cinema Cash but obviously the content is more adult themed.

These Video Sharing Sites Pay Content Creators in Bitcoin Cash
Cinema.cash categories.

While taking a gander at the websites, visitors can see that both platforms have a decent amount of videos so far. Users can publish Youtube videos alongside Twitch TV and Vimeo movies as well. The Cinema Cash team says that with the ease of publishing content, creators can have their own stage. In addition to using BCH, the creators of the websites plan to encourage tipping with a token called “Cash.”

“To incentivize tipping, we are also giving away chances to win Cash tokens for every tipping done,” explains the application developer. “Cash tokens holders are all entitled to a share of the platform profits based on the percentage of Cash tokens they hold — Essentially, we are giving the platform away to the Bitcoin Cash community.”

These Video Sharing Sites Pay Content Creators in Bitcoin Cash
Both Cinema.cash and Porn.cash offer two payment types, “free” and “pay-per-view.”

Tipping and Pay-Per-View

In the member’s options section users can see a few tabs that allow them to interact with the site’s content. For instance, there’s an “upload video” tab which allows you to link a video to the website with some characterization. There are two payment types to choose from when uploading content, “free” and “pay-per-view.” From here the user can add a video title, description, video URL, a screenshot, categories, and keywords. The application has a native wallet that only allows withdrawals. When tipping or paying for a movie, the platform will deploy a BCH address that can be copied and a QR code that can be scanned. The withdrawal section will display earnings statistics, and balances for both BCH and Cash tokens.

These Video Sharing Sites Pay Content Creators in Bitcoin Cash
Porn.cash is almost identical to the regular site except it contains a large variety of adult films.

Overall the application has a decent amount of videos for such a new platform. Being basically a clone of Cinema Cash, the creator’s other project, Porn Cash, also has a lot of video material. The adult site has a whole lot more movies where members have to pay to watch and it’s likely the pay-per-view model performs better than on the ordinary site. On Reddit, BCH fans seem to be pleased with the two new video sites. The platform developer says there should be a more official announcement concerning the project development. Users should also note that both Cinema Cash and Porn Cash are currently in beta.

What do you think about the new bitcoin cash fueled video sites? Let us know in the comments section below.

Disclaimer: Readers should do their own due diligence before taking any actions related to the mentioned companies or any of its affiliates or services. Bitcoin.com and the author are not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article. Neither Bitcoin.com nor the author is responsible for any losses, mistakes, skipped steps or security measures not taken, as the ultimate decision-making process to do any of these things is solely the reader’s responsibility. This editorial is for informational purposes only. 


Image credits: Shutterstock, Pixabay, Cinema.cash, and Porn.cash.  


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