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January 10, 2024

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Bitcoiners Need The Guillotine - As Scottish economist and philosopher David Hume observed in A Treatise of Human Nature, nothing we know about what is true can tell us what ought to be true and nothing we know about what ought to be true can tell us what is true. The world of objective fact and moral truth are entirely separate. Hume called this the is/ought problem and his argument that descriptive and normative reasoning should be separated is known as Hume’s guillotine. Decentralization Will Never Be Cheap - One harsh but simple truth is that real decentralization is too expensive to be universal. Decentralization is – by definition – more expensive than a centralized alternative. Bitcoin keeps the cost of network validation low by limiting the block size – but that also by definition means transaction space is limited. Transaction fees on Bitcoin are expensive by design. Free As In Freedom - The lure of cheap decentralized transactions is strong. The truth is that Lightning channels require Bitcoin transactions and Bitcoin transactions will inevitably be expensive. There are proposals to make channel management cheaper but every proposal ultimately depends on some on-chain anchor transaction. Channels themselves are not cost-free to maintain. The total cost of creating, using, and maintaining a Lightning channel is quite high. Bitcoin Is For Saving, Not For Spending - Bitcoin is not a panacea for low-cost, disintermediated retail payments. Even in a world where Bitcoin transactions were cost-free, stablecoins would still dominate payments. Bitcoin is designed to be durable, not cheap. Decentralized networks do not make good retail payment tools. Using Bitcoin to make a retail purchase is impractical and will never be normal.

The True Cost of Decentralization: Unveiled

January 10, 2024

Buy Crypto Instantly: Unlocking Fast and Easy Transactions - Visual Description: This image features a dynamic and futuristic design, depicting a seamless process of buying cryptocurrency instantly. A user-friendly interface showcases various cryptocurrencies with their respective logos and values, highlighting the convenience and speed of transactions. A sleek and secure digital wallet acts as a central hub, seamlessly connecting users to global crypto exchanges. With a bold and captivating visual representation, this image conveys the concept of hassle-free and efficient crypto trading for individuals seeking instant access to the world of digital currencies.

Buy Crypto Instantly: Unlocking Fast and Easy Transactions

January 10, 2024

Coinspeaker Standard Chartered Predicts $100B Inflows in Bitcoin ETF This Year, $200K Price Target Market analysts predict that the Securities and Exchange Commission (SEC) is on the verge of approving spot bitcoin exchange-traded funds (ETFs) this week, potentially opening the floodgates for substantial inflows ranging between $50 to $100 billion throughout the year. This anticipation comes from insights provided by Standard Chartered Bank. Drawing parallels with the transformative impact of gold ETFs, the bank envisions a similar revolution in investor access to the bitcoin market through the introduction of spot bitcoin ETFs. The comparison is with the launch of the first US-based gold ETF, SPDR Gold Shares (GLD), in 2004, which has since become the largest physically backed gold ETF globally. In a note on Monday, January 8, Standard Chartered Bank analysts led by Geoffrey Kendrick wrote: “When GLD was introduced in November 2004, the total stock of above-ground gold was worth around $2.2 trillion, compared with Bitcoin’s current market cap of $0.86 trillion. Adjusting the $88 billion of GLD inflows for relative market caps would suggest $34 billion of inflows to BTC ETFs.” The bank also anticipates a potential flow on the lower side of its projection. On the opposite end, it foresees inflows reaching $130 billion, considering an estimated range of $50-100 billion in 2024 as reasonable. Various applicants for spot bitcoin ETFs also envision substantial capital entering the market. For example, VanEck predicts $1 billion in inflows within the initial days and $2.4 billion within a quarter. Galaxy also forecasts inflows of $14 billion in the first year, while Bitwise looks ahead to a market size of approximately $72 billion within the next five years. Standard Chartered: Bitcoin (BTC) Price at $200,000 As anticipation builds around the approval of Bitcoin spot ETF applications, Standard Chartered Bank has made a bold prediction, stating that the price of Bitcoin could surpass $200,000 by the end of 2025. Furthermore, in a note to investors on Monday, Geoffrey Kendrick, the head of financial research at Standard Chartered Bank, expressed optimism, stating that if ETF-related inflows materialize as expected, a year-end 2025 level closer to $200,000 is conceivable. This forecast aligns with the bank’s previous estimates, where they anticipated Bitcoin reaching $100,000 by the close of 2024. “ETF approval is a key driver of BTC price upside,” Kendrick said. “We see this as a watershed moment for normalizing Bitcoin participation by institutional money, and we expect approval to drive significant inflow and price upside for BTC.” Kendrick’s statement reflects the bank’s confidence in the potential impact of approved Bitcoin ETFs on the cryptocurrency’s price trajectory. The financial world awaits developments in the ETF space, as these predictions hint at the transformative influence ETFs could exert on Bitcoin’s value in the coming years.

Bitcoin ETF Launch: Skyrocketing to $200K!

January 10, 2024

Bank of Japan must take steps to control consumer prices.

Japan’s Inflationary Spiral: Time for Action

January 10, 2024

Bitcoiners Need The Guillotine - As Scottish economist and philosopher David Hume observed in A Treatise of Human Nature, nothing we know about what is true can tell us what ought to be true and nothing we know about what ought to be true can tell us what is true. The world of objective fact and moral truth are entirely separate. Hume called this the is/ought problem and his argument that descriptive and normative reasoning should be separated is known as Hume’s guillotine. Decentralization Will Never Be Cheap - One harsh but simple truth is that real decentralization is too expensive to be universal. Decentralization is – by definition – more expensive than a centralized alternative. Bitcoin keeps the cost of network validation low by limiting the block size – but that also by definition means transaction space is limited. Transaction fees on Bitcoin are expensive by design. Free As In Freedom - The lure of cheap decentralized transactions is strong. The truth is that Lightning channels require Bitcoin transactions and Bitcoin transactions will inevitably be expensive. There are proposals to make channel management cheaper but every proposal ultimately depends on some on-chain anchor transaction. Channels themselves are not cost-free to maintain. The total cost of creating, using, and maintaining a Lightning channel is quite high. Bitcoin Is For Saving, Not For Spending - Bitcoin is not a panacea for low-cost, disintermediated retail payments. Even in a world where Bitcoin transactions were cost-free, stablecoins would still dominate payments. Bitcoin is designed to be durable, not cheap. Decentralized networks do not make good retail payment tools. Using Bitcoin to make a retail purchase is impractical and will never be normal.

The True Cost of Decentralization: Unveiled

January 10, 2024 No Comments

Unraveling the High Price of Decentralized Freedom in Cryptocurrency Key Takeaways The Philosophical Insight of David

Buy Crypto Instantly: Unlocking Fast and Easy Transactions - Visual Description: This image features a dynamic and futuristic design, depicting a seamless process of buying cryptocurrency instantly. A user-friendly interface showcases various cryptocurrencies with their respective logos and values, highlighting the convenience and speed of transactions. A sleek and secure digital wallet acts as a central hub, seamlessly connecting users to global crypto exchanges. With a bold and captivating visual representation, this image conveys the concept of hassle-free and efficient crypto trading for individuals seeking instant access to the world of digital currencies.

Buy Crypto Instantly: Unlocking Fast and Easy Transactions

January 10, 2024 No Comments

How to Buy Crypto Instantly: Unlocking Fast and Easy Transactions Are you eager to dive into

Coinspeaker Standard Chartered Predicts $100B Inflows in Bitcoin ETF This Year, $200K Price Target Market analysts predict that the Securities and Exchange Commission (SEC) is on the verge of approving spot bitcoin exchange-traded funds (ETFs) this week, potentially opening the floodgates for substantial inflows ranging between $50 to $100 billion throughout the year. This anticipation comes from insights provided by Standard Chartered Bank. Drawing parallels with the transformative impact of gold ETFs, the bank envisions a similar revolution in investor access to the bitcoin market through the introduction of spot bitcoin ETFs. The comparison is with the launch of the first US-based gold ETF, SPDR Gold Shares (GLD), in 2004, which has since become the largest physically backed gold ETF globally. In a note on Monday, January 8, Standard Chartered Bank analysts led by Geoffrey Kendrick wrote: “When GLD was introduced in November 2004, the total stock of above-ground gold was worth around $2.2 trillion, compared with Bitcoin’s current market cap of $0.86 trillion. Adjusting the $88 billion of GLD inflows for relative market caps would suggest $34 billion of inflows to BTC ETFs.” The bank also anticipates a potential flow on the lower side of its projection. On the opposite end, it foresees inflows reaching $130 billion, considering an estimated range of $50-100 billion in 2024 as reasonable. Various applicants for spot bitcoin ETFs also envision substantial capital entering the market. For example, VanEck predicts $1 billion in inflows within the initial days and $2.4 billion within a quarter. Galaxy also forecasts inflows of $14 billion in the first year, while Bitwise looks ahead to a market size of approximately $72 billion within the next five years. Standard Chartered: Bitcoin (BTC) Price at $200,000 As anticipation builds around the approval of Bitcoin spot ETF applications, Standard Chartered Bank has made a bold prediction, stating that the price of Bitcoin could surpass $200,000 by the end of 2025. Furthermore, in a note to investors on Monday, Geoffrey Kendrick, the head of financial research at Standard Chartered Bank, expressed optimism, stating that if ETF-related inflows materialize as expected, a year-end 2025 level closer to $200,000 is conceivable. This forecast aligns with the bank’s previous estimates, where they anticipated Bitcoin reaching $100,000 by the close of 2024. “ETF approval is a key driver of BTC price upside,” Kendrick said. “We see this as a watershed moment for normalizing Bitcoin participation by institutional money, and we expect approval to drive significant inflow and price upside for BTC.” Kendrick’s statement reflects the bank’s confidence in the potential impact of approved Bitcoin ETFs on the cryptocurrency’s price trajectory. The financial world awaits developments in the ETF space, as these predictions hint at the transformative influence ETFs could exert on Bitcoin’s value in the coming years.

Bitcoin ETF Launch: Skyrocketing to $200K!

January 10, 2024 No Comments

Exploring the Transformative Potential of Bitcoin ETFs and Crypto Investments As the financial world buzzes with

Bank of Japan must take steps to control consumer prices.

Japan’s Inflationary Spiral: Time for Action

January 10, 2024 No Comments

Japan’s Inflationary Spiral: Urgent Steps Needed by Bank of Japan to Stabilize Consumer Prices Understanding Japan’s

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