* Britain, Brexit
* Italy, uncertainty around euro and leadership
* France, Presidential candidates are more aligned with Russian/Putin-values then earlier
* USA, Trump being elected to president as an outlier
These things will of course also drive political uncertainty in the rest of the world which will naturally put value of fiat currency in speculation, gold certificates are already sold at a much greater rate then available gold so bitcoin is a viable alternative.
Another explanation could be current lack of institutional investors in the bitcoin market, once BtC ETF's (stock traded funds) correlated to bitcoin value starts popping up there is a much higher likelyhood for institutions to enter the market. At this moment I only know of one, XBT in Sweden but the Winklevoss brothers are trying to open one up in the US.
My post may contain errors, if so please correct me.
For example : https://www.cryptocoinsnews.com/bitcoin-miners-make-big-prof...
Related? Who knows. This kind of noise is in the news all the time.
It was invented in 2008 and it was appearing in conferences around 2011.
But by summer 2013 , there still had not been one article on the front page about bitcoin. I seem to remember comments on here mostly just deriding it if it was ever mentioned. (Please correct me if I am wrong).
I just feel this is important to share, not even HN knows what a hot technology is, even if it has been in the same room for years. It is interesting and sometimes I wonder what other emergent tech is on the scene which many know little about.
People definitely took it seriously. I suspect that per-capita Bitcoin holding among HN readers is far higher than the national or world average.
If you dont know about Monero, check it out. It is starting to catch momentum. It solved the fungibility problem that Bitcoin has, is build on solid base and
https://www.reddheads.com/en/is-monero-what-cryptocurrency-w...
I am very intrigued by Bitcoin. It has all the signs.
Paradigm shift, hackers love it, yet it's derided as
a toy. Just like microcomputers.
1. http://data.bitcoinity.org/markets/volume/2y?c=e&r=week&t=ba...
2. http://data.bitcoinity.org/markets/volume/2y/USD?c=e&r=week&...
If anyone here is heavily involved or invested in bitcoin, what's your opinion on blockchain scalability?
Especially with the current blocksize lock, is it viable to keep it at this point if institutional investors enter the market and transaction volume rapidly increases?
$1 billion in market cap is gone from Ethereum, and a large part of that has probably moved into old, boring, reliable Bitcoin.
Note that the ETHBTC pair dropped from a high of 0.037 to 0.010, or -73%. Since the dollar has strengthened during this time due to Brexit and Trump, you would expect ETHUSD to be more severe.
The fact that ETHBTC has been hurt even more may indicate that there's more driving Bitcoin demand than just rotation out of Ethereum.
https://en.wikipedia.org/wiki/Indian_500_and_1000_rupee_note...
[1]http://www.thehindu.com/business/Industry/%E2%80%98Bitcoin-a...
There's a lot of arguing and a main proponent of the "big blocks" camp has organised enough miners to current bitcoin scaling enhancements.
They demand bigger blocks before they allow further scaling enhancements.
I believe that were of mayor concern last time I checked up.
[1] http://bitcoincharts.com/charts/bitstampUSD#tgSzm1g10zm2g25z...
[2] https://en.wikipedia.org/wiki/File:Hype-Cycle-General.png
Therefore, zoom out and you will see that Bitcoins has "interim bubbles", but the long time trend has nothing to do with Gartner's hype cycle.
[1] https://bitcoincharts.com/charts/bitstampUSD#tgSzm1g10zm2g25...
[2] https://bitcoincharts.com/charts/mtgoxUSD#tgSzm1g10zm2g25zvz...
Bitcoin's price is within 35% of the all-time high, and the slope is steepening instead of flattening.
Recently I've seen some older talks by Yanis Varoufakis saying bitcoin can't work as a currency, and I'm curious if there's a response from the Bitcoin community?
https://yanisvaroufakis.eu/2013/04/22/bitcoin-and-the-danger...
