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Bitcoin was on the Friday night episode of The Late Show with Stephen Colbert, where he brought up the leading cryptocurrency, thrusting Bitcoin into the brain of millions in a different way. Bitcoin equivalent of the $4.7 trillion US debt that was signed into federal law by President Trump would put the price of a single BTC at $260,000. Despite stagnation in the price, Bitcoin’s network metrics are strong and its mining hash rate has seen an exponential increase in the last couple of months and touched a new all-time high of 117 exahash per second [EH/s] on Jan 5th 2020. Danny Ryan, the ethereum 2.0 coordinator, has announced the final release of the ethereum 2.0 spec version 0.1.
References:
https://www.newsbtc.com/2020/01/12/la...
https://bitcoinist.com/bitcoin-btc-ma...
https://eng.ambcrypto.com/bitcoin-net...
https://www.trustnodes.com/2020/01/11...
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A cryptocurrency is a digital asset designed to work as a medium of exchange that uses strong cryptography to secure financial transactions, control the creation of additional units, and verify the transfer of assets.
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aloha dreamer 12 JanI gotta say that every time I hear about the U.S. trillions of dollars deficit, my mind spins until it just goes blank.
IMHO, the US dollar is almost worthless which is why I'm focused upon becoming more educated about crypto & an investment that will be our back door.
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RFND Investment 12 JanMy opinion on this topic, they still have to hold this system until the 2020 election. Then, I really cannot figure it out how the world will look like.
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kubo ajark 12 Janin a tragic situation of worldwide debt..this is acually good for btc
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that's great for Bitcoin..i can hope it increase
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JR of Exciting World Cryptos 12 JanWell at least this time he was positive, he was negative on BTC before. But i usually respect him for other things you he says on his show. Again maybe just a producer at times.
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Justin Dyczewski 13 JanSo if $4.7 trillion in debt were converted to BTC it would make BTC $260,000 each. So if you translate the $23 trillion of debt the United States currently has to BTC that would make BTC over $1 million per BTC. It's only a matter of time before debt destroys fiat to the point people will have to switch to crypto.