Bitcoin Altın Yerini Alabilir Mi? Nick Szabo | Kripto Kılavuz
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Can Bitcoin Gold Replace? Nick Szabo

Bitcoin Altın Yerini Alabilir Mi? Nick Szabo

According to the popular cryptograph Nick Szabo, Central Banks can resort to crypto currency reserves to support national gold reserves. The industry expert also thinks that countries with troubled economies will see an increase in the use of crypto currency.

Failed Economies Crypto Money Increasing the Demand of the Unit

Nick Szabo, who attended the Israel Bitcoin Summit at Tel Aviv University on January 8, put forward his views on the crypto currencies and their position in the traditional economies.

Bitcoinas well as censorship-resistant crypto currencies will see increased demand in countries where economies are deprived of failed financial practices. The same thing will happen in countries blacklisted from international trade.

In particular, towards the end of the summit, it was evidence that he was saying these words.

A few days ago, Vladislav Ginko, a Russian university lecturer with ties to the government, said the country plans to invest in Bitcoin to overcome US sanctions.

Due to US sanctions, the elite of Russia is forced to abandon US assets and the US dollar and invest heavily in Bitcoin. The Russian central bank has a reserve of $ 466 billion, but needs to be diversified if there is a limited number of opportunities to do so (in the future). Best suited for this diversification Bitcoin looks like.Inko - Ginko said.

Is it better than gold?

In addition, Szabo states that Central Banks will eventually return to the reserves of the crypto currency as a means of supporting national gold reserves.

Experts believe this would be due to a lack of confidence between foreign governments:

Olabilir For example, there may be cases where a central bank cannot rely on a foreign central bank or government bonds. A developed solution is for the Swiss government to hold for you - this is not a trusted solution. The Swiss government itself is subjected to political pressures, and therefore the confidence that has been reduced to a lesser extent is a less reliable solution than that of crypto money. İsviçre

In addition, Szabo referred to another valid point, which indicates that gold is technically vulnerable, for example, that bitcoin is safer than gold.

Source: Livebitcoinnews

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Industry News

SEC Accuses 5 Insiders of BitConnect for Illegal Promotion

SEC, Yasadışı Tanıtım’dan BitConnect İçerisinden 5 Kişiyi Suçladı

About the five people at BitConnect SECIt said it “violated Federal Securities laws.”

The SEC's complaint is that “persons who support the BitConnect Program are sold without registering the Securities with the Commission and registering as a broker-dealer with the Commission as required by law.” BitConnect's lending program is said to encourage people to invest in potential investors, including Trevon Brown, Craig Grant, Ryan Maasen, and Michael Noble, by creating promotional-style videos and posting them on YouTube. It is also claimed that some YouTube channels that make promotions are paid on a commission basis in return for their promotional efforts.

Shortly after his release, Trevon Brown (better known as Trevon James) posted a tweet saying he didn't deny the charges and said the community would "rally" around him.

Lara Shalov Mehraban, Deputy Regional Director of the SEC's New York Regional Office,

“We will try to hold accountable those who make illegal profits by taking advantage of the public's interest in digital assets”

said.

 

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Bitcoin News

Who Has The Most Bitcoin (BTC) Savings?

Bitcoin Analizi, Bitcoin 5.700 Doları Geçti!

According to the research result, the Winklevoss twins own 150,000 BTC, but there are names that own more Bitcoin than them…

Blockchain Center, which investigates who owns the largest amount of Bitcoin (BTC); From Winklevoss twins to scammers, from hackers to "zombie coins", he laid out all the data.

 

On the other hand, the most famous hacking case of the cryptocurrency world, Mt. Gox incident allegedly owned 166,000 BTC.

It is claimed that 30,000 BTC seized from the Silk Road scandal is in the hands of Tim Draper.

Plus Token scammers were said to have 200,000 BTC.

On the other hand, “Zombie coins” are surprisingly plentiful. These tokens we are talking about consist of 1.5 million BTC, which will never be used and will not be spent by anyone forever.

Grayscale's Bitcoin Trust is known as the largest institutional Bitcoin investment vehicle and currently holds over 400,000 BTC of liquidity. Lightning Network only holds 1,000 BTC, while Ethereum (ETH) has another 80,000 BTC locked.

Another 2.5 million Bitcoins are expected to enter circulation over time. Time will tell which other names will be included in this list.

 

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Blockchain News

National Fisheries Institute and IBM's Blockchain Tracking System Food Trust

Ulusal Balıkçılık Enstitüsü ve IBM’in Blockchain Takibi Sistemi Food Trust

The United States seafood trade association, the National Fisheries Institute (NFI), is working with Food Trust, IBM's blockchain supply chain solution, to monitor FoodOnline's reports on June 11 seafood and food-related news.

In the report, they mentioned the new system for monitoring the type of seafood jointly carried out by multiple companies. In addition, NFI members representing harvesters, importers, cold storage, food service restaurants and retail sales were also included in the program.

IBM's Blockchain Tracking System Food TrustSIRF President's Statement

The project is funded by the Seafood Industry Research Fund (SIRF), whose chairman Sean O'Scannlain said in a statement on developments:

“The tracking system is nothing new to the seafood industry, but we'll test how blockchain is a new concept, with IBM's Food Tracking system, helping seafood businesses earn revenue and reduce costs to customers from harvest to distribution.”

The system also states who can access and how long companies can control data, and who will retain control after the chain is loaded. Raj Rao, IBM Food Trust general manager Food Food Trust can change any sector, especially when we have large ecosystems, businesses and organizations ” He said.

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Source: Cointelegraph

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