Guaranteed? Can you let us know the terms of this guarantee you’re offering? Or are you just throwing that term out there without offering any actual guarantee?
I have many high level programming friends.
They have been very pro-crypto until recently when new chip info was leaked.
Unless the blockchain tech is changed very quickly, it is done.
FYI I used to own/run a warehouse full of miners back when btc cost $300 a coin.
I was also one of the largest investors in Paycoin before Garza bailed.
There are only 21 million Bitcoins, but some have not been released into circulation yet. New ones are released into circulation as rewards for miners securing the network by using insane computers to solve complex math problems to confirm transactions on the network. When a miner completes a block of these transactions they are rewarded in Bitcoin.
The main reason is that after a certain number of blocks are completed the reward for miners gets cut in half. The amount of time it takes to reach the next milestone where the reward is cut in half is about 4 years. Thereafter, there is supply shock and the price increases. Then as things pump people start to sell off and invest in alt coins so the price drops, until the halving happens again and there is another price shock.
Outside factors can also contribute to pumps in value or dumps if bad news, but largely the price over the course of its 12 year life is tied to the 4 year mining cycle.
Bingo. Gotta get that last pump in before it crashes is my guess.
It will continue to go up this year and come back down over the next 2 years before peaking again in 2029. Bitcoin operates on a 4 year cycle.
Quantum computers will soon break the block chain. That is guaranteed.
Guaranteed? Can you let us know the terms of this guarantee you’re offering? Or are you just throwing that term out there without offering any actual guarantee?
I have many high level programming friends. They have been very pro-crypto until recently when new chip info was leaked. Unless the blockchain tech is changed very quickly, it is done. FYI I used to own/run a warehouse full of miners back when btc cost $300 a coin. I was also one of the largest investors in Paycoin before Garza bailed.
Interesting. Any specific reasons as to why that is?
There are only 21 million Bitcoins, but some have not been released into circulation yet. New ones are released into circulation as rewards for miners securing the network by using insane computers to solve complex math problems to confirm transactions on the network. When a miner completes a block of these transactions they are rewarded in Bitcoin.
The main reason is that after a certain number of blocks are completed the reward for miners gets cut in half. The amount of time it takes to reach the next milestone where the reward is cut in half is about 4 years. Thereafter, there is supply shock and the price increases. Then as things pump people start to sell off and invest in alt coins so the price drops, until the halving happens again and there is another price shock.
Outside factors can also contribute to pumps in value or dumps if bad news, but largely the price over the course of its 12 year life is tied to the 4 year mining cycle.