With what only predictions of Bitcoin prices we have not encountered lately!
Even before bitcoin was invented, the British economist John Maynard Keynes developed a technique of calculation the annual interest rate of the crypto currency. According to experts, now it is about 57%. Born June 5, 1883 in English Cambridge, Keynes witnessed a tumultuous period in British history. After passing through the Boer War, both world wars and the world economic depression, he passed away on April 21, 1946. During his life he became famous as one of the world's leading economists. His most famous work is The General Theory of Employment, Interest and Money, which was published in 1936 and became a model for future economic thought.
In five years, the use of state currencies will come to naught, since they will be replaced by cryptocurrencies.
The popularity of the crypto-currency markets is growing rapidly, and this is not surprising, since the price of bitcoin has risen by 60% in just one last month. However, along with the passing of the mark of 7000 dollars for BTC, the congestion of the blocks again increased, as well as the commission of the miners. This was the reason for users' displeasure with unconfirmed transactions and the need to pay 5-10 dollars per transaction. The actual cancellation of the SegWit2X's hardfork not only does not solve the crisis of scaling, but rather aggravates it, since other solutions still do not work, and even activated more than two months ago SegWit has not been put into operation to the full.
While skeptics continue to assert that bitcoin is used exclusively for speculation, one of private schools in New York City offered to pay for their services with Bitcoins. In an interview, the school manager in Montessori, in Wilthiron and Soho, Marco Ciocca, said that parents themselves asked whether there is a possibility to pay for the education by the bitcoins. After several such calls, Marco began to actively monitor the bitcoins and very soon already knew about all his advantages as a means of payment: fast transactions, low commissions, easy payment. Having conferred with colleagues, it was decided to include bitcoin in the number of means of payment for paying for tuition in a kindergarten.
Video with the speech of Andreas Antonopoulos under the name "Money as a System of Control", undoubtedly, should be watched by every follower of bitcoin. In it, Antonopoulos explains how money is used to control their senders and recipients, as well as tracking financial transactions around the world. In addition, he tells how false the banking system really is. Banks can not only freeze or confiscate money without our consent, in fact, they are the owners of our finances, we are simply granted access to them - and this, to put it mildly, is a dishonest deal. As explained by Antonopoulos, we do not have money in the bank, we have only an account that gives us access to the money that we placed in the bank, believing fake security guarantees. This situation is demonstrated by a brilliant example of the debt crisis in Greece - the entire population of the country kept savings in banks and they were insured, but one day the promise was violated and money was rendered inaccessible.
The cost of mining bitcoins has often been criticized by opponents of crypto-currencies. Let's see how much 1 BTC costs in barrels of oil. The industry of crypto currency is developing at a frantic pace and bitcoin continues to be the driver. It is on its extraction that most of the miners are oriented. The cost of bitcoin and relative stability of growth attract more and more people to this sector. The complexity of the network is growing and getting bitcoin is getting harder and more expensive. More and more new capacities are being introduced, which consume more and more electricity, for the production of which, mainly, oil is burned.
The Initial Coin Offering (ICO) market is new and relatively small. In 2016, the world spent an ICO of $ 103 million, if you do not take into account the hacked and canceled ICO project The DAO. In the same year, the world market of venture investments amounted to $ 127 billion. Meanwhile, according to the portal CoinDesk, for the first half of 2017, ICO was held in the world for $ 1.13 billion, of which $ 797 million was in the second quarter. The results of the second half of the year promise to be even more impressive.
Recently, the price of bitcoin exceeded 6,000 dollars, and the capitalization briefly exceeded $ 100 billion. Thus, the alleged state of the anonymous creator of crypto currency Satoshi Nakamoto exceeded 6 billion dollars, theoretically making it possible to include it in the list of the richest people in the world according to Forbes. At the current bitcoin course, 1 million coins, owned by Satoshi, would place him at 237 in the Forbes rating.
Star Jets International LLC now accepts bitcoin payments for private jet flights. The company is a wholly owned subsidiary of Advanced Defense Technologies, Inc. Customers who use Star Jets get to leverage all the advantages of using a corporate jet, according to an Econotimes article. Furthermore, customers have access to over 5,000 jets domestically and roughly 15,000 across the globe. The company allowing bitcoin transactions may now open up a new realm of possibilities for the company along with a new customer base.
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