In August, there was a number of high-profile matters in the world of bitcoin (BTC). We have three important things for you, one step at a time.
Contents
Bitcoin network is more secure than ever before
The hashrate of bitcoin has reached on the 29th of August, a new all-time high: 83.5 UM/s. This means that there is more computing power bitcoin to mine than it ever was.
The price of bitcoin is great, but the health of the network, it is at least as important. The security bitcoin value, while the value of bitcoin is people’s motivation to reinforce the network and start mining.
It’s a positive feedback loop, and that seems to work well.
In the absence of a market to establish the price, or bitcoin, estimates) based on production cost is a good guess and a helpful service (thanks). The price of any commodity tends to gravitate toward the production cost. If the price is below cost, then production slows down. If the price is above cost, profit can be made by generating and selling more. At the same time, the increased production would increase the difficulty, pushing the cost of generating towards the price. In later years, when new coin generation is a small percentage of the existing supply, market price will dictate the cost of production is more than the other way around.
Satoshi is in for 2010
A stable bitcoin rate
At the beginning of the month, so bitcoin still has a price on top of the $12,000 can be. But in the middle of the month, the largest cryptomunt to return to a price level of around us $10,000.
BTC is not, or hardly a thousand-dollar above or below. The most stable exchange rate so it. Especially when compared to the previous month. Bitcoin rose in april at a price of $4,000.
The price seems to have stabilized, which is nice. How long will it stay calm, we are going to be in the next few weeks. As history has taught us that it will always be a roller-coaster ride is going to be. And that’s pretty much the best.
Bitcoin is out in August
Satoshi is still anonymous
The creator of bitcoin, and the author of the white paper, which is still anonymous. This month started a web site, with the big reveal of the identity of the author, Satoshi Nakomoto. Up to now, nothing has been proven.
But, I admit, it is fun to read. In the first part of the story, which is told the story of the origin of the pseudonym ” Satoshi Nakomoto, and the basics of bitcoin. The author says that he was away from bitcoin was supposed to do it, because it is in some places, it is illegal.
This is a minor error in the story: One, that bitcoin has been invented had the front to also be able to see that in an infinite currency should be used for less pleasant things.
In parts two and three of the big showdown dive to the writer, in the world of numerology. As well, the 980.000 BTC and Satoshi will also be discussed.
In short: it’s nice to have time to search for them, but there is again no conclusive proof that we are dealing here with a Satoshi.
It can also be annoying to end when you’re accused of being Satoshi is. Craig Wright, it was in the month of August, reviled by the American right. If he is the creator of bitcoin appears to be, he should have the one half of his wealth share. This is a ”fine ” of over 500,000 BTC!
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