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Showing 20 of 326 results by dnprock
You can login and expand the More Info section. It'll show how the predictions are calculated.
I checked Brave and Chrome. Brave blocks the ad display. But both are showing the chart.
Thanks for the dark/light suggestion. I'll look into it.
I checked Brave and Chrome. Brave blocks the ad display. But both are showing the chart.
Thanks for the dark/light suggestion. I'll look into it.
We launched the note feature. You can now add notes and share notes on the chart. We design notes to be sharable so we can crowd source information. I found that there was a dip from $4k to $3k on September 14, 2017. The cause was China's exchange ban.
Check out the note feature. We'd love to hear your thoughts.
Check out the note feature. We'd love to hear your thoughts.
The problem still persists, it has been tested on Firefox and Chrome.
I noticed that the prices start from the year 2010, I do not know how to calculate bitcoin at that time, perhaps they were estimated averages of prices.
I hope that you add a comparison with S2F Model chart as it is used in long-term forecasting and hardfork methods that make hard sharping of supply and thus change prices.
I noticed that the prices start from the year 2010, I do not know how to calculate bitcoin at that time, perhaps they were estimated averages of prices.
I hope that you add a comparison with S2F Model chart as it is used in long-term forecasting and hardfork methods that make hard sharping of supply and thus change prices.
I identified the issue. It was a problem with timezone conversion. I don't see the problem in my timezone. Can you check the site again?
https://bitcoinvis.com/
Yenten looks like a small coin. Its market cap is currently 217k. I don't think it's considered proven. But I don't mind supporting a hard fork with Yespower, like BitflateYes, if there's enough community support. I prefer hard-forking the blockchain to benefit existing coin holders.
Another thing that coins do including bigger coins like Myraid ($15m) is include Yespower as a proof of work option among other options. This allows people with multiple types of hardware to mine, however the downside is each certain algorithm splits the pie so miners of a certain algorithm won't necessarily profit as much on a coin that supports multiple algorithms. I think the reason Myraid gets lots of miners is it is merge mined in addition to multiple algorithms.
I am a supporter of the idea of BitflateYes fork, if that is what you want to do. Also just a hardfork without a split in the chain will also work to benefit current coin holders, and people would just switch to mining Yespower for the future for Bitflate, there aren't many sha-256 miners on Bitflate anyways.
"yespower in particular is designed to be CPU-friendly, GPU-unfriendly, and FPGA/ASIC-neutral. In other words, it's meant to be relatively efficient to compute on current CPUs and relatively inefficient on current GPUs. Unfortunately, being GPU-unfriendly also means that eventual FPGA and ASIC implementations will only compete with CPUs, and at least ASICs will win over the CPUs"
https://www.openwall.com/yespower/
I found this quote in Yespower FAQ. Yespower isn't truly ASIC resistant. Eventually, ASIC will replace CPU mining for Yespower.
Yenten looks like a small coin. Its market cap is currently 217k. I don't think it's considered proven. But I don't mind supporting a hard fork with Yespower, like BitflateYes, if there's enough community support. I prefer hard-forking the blockchain to benefit existing coin holders.
Interesting chart but for some reason, as soon as it loads on almost all of the browsers [except Tor], it changes to a blank white page [tested on Chrome, Firefox, Opera, and Edge].
- Suggestion:
- Ability to highlight a certain period as opposed to available options [30D, 6M, YTD, 1Y, 5Y, and MAX].
annotate news that affect price.
That'll surely come in handy Thanks for the feedback and suggestion. The blank page error probably happens because some DNS issues. The site issues a request to coindesk API for price information. Your DNS server may block it. So all browsers fail except Tor.
The raw API request is as follows:
https://api.coindesk.com/v1/bpi/historical/close.json?start=2010-12-01&end=2021-04-25
⭐ Merited by dkbit98 (2)
Hello,
I made a web application that compares Bitcoin's price between halvings. It calculates price differences since halving dates. It also produces price predictions based on a previous halving. I develop the chart because I was curious how Bitcoin's price changes. It does set my short-term and long-term expectations. It allows me to be less sensitive to volatility.
Check out the site:
https://bitcoinvis.com/
I plan to add more features to allow discussion, annotate news that affect price. I'd love to hear more feedback from others. Let me know if you'd like to see other features.
Thanks.
I made a web application that compares Bitcoin's price between halvings. It calculates price differences since halving dates. It also produces price predictions based on a previous halving. I develop the chart because I was curious how Bitcoin's price changes. It does set my short-term and long-term expectations. It allows me to be less sensitive to volatility.
Check out the site:
https://bitcoinvis.com/
I plan to add more features to allow discussion, annotate news that affect price. I'd love to hear more feedback from others. Let me know if you'd like to see other features.
Thanks.
Bitflate developer here. I'm running the project since 2019. I guess it's considered long-term now. 
I believe Bitflate has a story. We're searching for crypto that people can use for transactions, digital cash. I'm still excited about it. See our website for more info:
https://bitflate.org/
We recently released a whitepaper:
https://bitflate.org/bitflate.pdf
If you want more attraction and market engagement, I think you need promotion and ads. I believe Bitflate has a story. We're searching for crypto that people can use for transactions, digital cash. I'm still excited about it. See our website for more info:https://bitflate.org/
We recently released a whitepaper:
https://bitflate.org/bitflate.pdf
And another thing is that you need to show that your project is really worthy of their money. Investors and traders will particularly be looking for a potential project with good liquidity(at least) and they know that they are secured. When we say assurance, people were able to see a sustainable market demand, not being a dead one.
Thanks for the suggestions. Being a decentralized crypto is kinda weird. There's no central authority to coordinate marketing. Some members of the community are more enthusiastic than others. If someone spends money on ads, they'd need to recoup the costs. It is a chicken-and-egg problem.
I'm personally taking a slow approach. We still have a couple of years of mining before inflation starts. I have a hard time convincing bitcoiners that Bitcoin can't be a Medium of Exchange. Volatility is inherent in Bitcoin. The Lightning Network is not going to drive payment adoption. But most of them still think that hyperbitcoinization will happen. Then, the problem solves itself.
Rather than bombarding people with ads, I think it's best to let the market do the education.Bitflate developer here. I'm running the project since 2019. I guess it's considered long-term now. I believe Bitflate has a story. We're searching for crypto that people can use for transactions, digital cash. I'm still excited about it. See our website for more info:
https://bitflate.org/
We recently released a whitepaper:
https://bitflate.org/bitflate.pdf
I believe Bitflate has a story. We're searching for crypto that people can use for transactions, digital cash. I'm still excited about it. See our website for more info:https://bitflate.org/
We recently released a whitepaper:
https://bitflate.org/bitflate.pdf
Nassim Nicholas Taleb just wrote on Twitter that he thinks Bitcoin is a failure.
https://twitter.com/nntaleb/status/1360276917992230919
He highlights the problem with volatility. Bitcoin's volatility originates from this paradox. When supply is zero, we'd get a divide by zero. The price could be 0 or infinite. It is whatever the narrative the market is following.
https://twitter.com/nntaleb/status/1360276917992230919
He highlights the problem with volatility. Bitcoin's volatility originates from this paradox. When supply is zero, we'd get a divide by zero. The price could be 0 or infinite. It is whatever the narrative the market is following.
Let's say there's 0.1 bitcoin on an exchange. Someone bids $1M for it. That's $10M / bitcoin. If supply continues to shrink, for example, to 0.01. That's $100M / bitcoin. Infinite price is possible.
$100M per bitcoin is not infinite, and even if the supply shrinks to a single satoshi, which would imply a price of $10 trillion per bitcoin in your world, that is still not infinite.
Here's a more grounded example:
Let's say it's 1914 and there's only one known passenger pigeon left in the world. How much would someone pay for one more? I'll let you look up the answer, but I'll tell you now that it is far short of infinity.
Furthermore, now that there are 0 passenger pigeons in the world, what is the price of 1? Well, there are proposals to recreate passenger pigeons through genetic engineering and selective breeding. In your terms, supply is 0, and demand is positive, but do you really believe that someone will pay an infinite amount for that one passenger pigeon?
Your model is clearly broken.
I discuss a paradox, not a model. The current models of Bitcoin's price are broken. For example, the Stock-to-flow model. It runs into this paradox. S2F is a model that references itself. It has no grounded reality. I think it's broken. If Bitcoin's price is about supply and demand, any model is a self-referencing model.
I read the pigeon story. The pigeon is worth as much as someone is willing to pay for it. The same logic applies to Bitcoin. Bitcoin is worth as much as someone is willing to pay for it. How should we determine the price? Bitcoin uses Proof of Work mining. This translates to how much energy we spend on mining Bitcoin. Is it 10%, 20%, 50%, 80% of the world's energy? The paradox is the energy is limited and we can't determine Bitcoin's price.
Ah! You disappointed me. Reading all way down, I thought you were going to put some interesting economic flaw in bitcoin pricing. But in the end, it turned out that the thread was just a shill for Bitflate and you were advocating the inflationary supply of bitcoin all along. You do realize that your argument is hilarious, right?
The market always finds its way. Crypto is inflationary through altcoins. But altcoins also have their own very limited supplies. They are deflationary like Bitcoin. They're volatile like Bitcoin. I think an inflationary crypto is what we need. It breaks the trend and creates new use-cases.
Bitcoin supporters mostly agree that Bitcoin has no intrinsic value.
Au contraire. I'll contend bitcoin has intrinsic value in the form of its supply limiting algorithm, construction and design.
If Bitcoin’s price continues to rise, we’d be spending more and more energy to mine it.
The majority of electricity for bitcoin mining is derived from surplus energy. Which does not affect or strain existing grids.
The productivity of mining hardware increases over time due to moore's law. While the energy consumption of mining hardware decreases for identical reasons.
When supply reaches zero
Correction: mining rewards reach zero.
Supply does not necessarily follow the trend.
If Bitcoin’s price is infinite, we’d be spending an infinite amount of energy to mine it.
If bitcoin's price is infinite. BTC = ∞
There isn't a scenario where any of us complain about it.
We simply build a dyson's sphere around the sun with a fraction of bitcoin's value.
Bitcoin has no intrinsic value. Its price is a narrative. Mining is driven by price narrative. Bitcoin is deflationary. It sucks up more and more energy. At infinite price, we'll spend all energy on mining Bitcoin. It doesn't sound like a good world to live in.
Bitcoin Price = Demand / Supply
Did you just make that up? Here is the correct formula: D(q) = S(q)
To find the price, you solve for q and then evaluate D(q) or S(q).
When supply reaches zero and demand is a positive number, Bitcoin’s price is infinite.
The price when the supply is 0 is D(0). D(0) is not necessarily infinity.
Let's say there's 0.1 bitcoin on exchange. Someone bids $1M for it. That's $10M / bitcoin. If supply continues to shrink, for example, to 0.01. That's $100M / bitcoin. Infinite price is possible.
I came across a discussion on Hacker News: Bitcoin still makes no sense. I see it as an honest assessment from someone open-minded about Bitcoin. The article’s author, Evan Kozliner, made some interesting observations. Bitcoin supporters claim that they understand money better. Bitcoin is THE money. Bitcoin supporters mostly agree that Bitcoin has no intrinsic value. It’ll be the mother of all assets. In the future, values will be based on Bitcoin. But this future has a problem. If Bitcoin’s price continues to rise, we’d be spending more and more energy to mine it. Since Bitcoin has no intrinsic value, its price cannot be determined. We can spend an infinite amount of energy. We don’t have infinite energy.
A lot of confusion about Bitcoin originates from a fundamental problem. I call this problem the Bitcoin Price Paradox. It works like this:
Bitcoin Price = Demand / Supply
When supply reaches zero and demand is a positive number, Bitcoin’s price is infinite. If Bitcoin is not grounded in some physical reality, we have no way to price it. Bitcoin is a narrative-driven asset. People compare Bitcoin to gold. In this narrative, its market cap should be something around 10 trillion dollars as of 2021. But after that, we’d have the real estate market, the bond market, the equity market. If Bitcoin’s price is infinite, we’d be spending an infinite amount of energy to mine it.
The Bitcoin Standard and Hyperbitcoinization
Some Bitcoin supporters advocate for the Bitcoin Standard or Hyperbitcoinization. In this future world, everything would be denominated in Bitcoin. When this happens, Bitcoin’s price would become stable. This logic seems to make sense if we assume the world is stable. But what if the world is unstable? We see the world as unstable. We want to base it on Bitcoin for its stability. For Hyperbitcoinization to happen, the world needs to become stable on itself. Bitcoin is a reflection of the world’s value and vice versa. There are two possibilities:
The question is which stability happens first. We really can’t know. Bitcoin depends on the world. The world depends on Bitcoin. We have a circular dependency. Hyperbitcoinization is also a paradox. Hyperbitcoinization does not solve the Bitcoin Price Paradox. It is another paradox sitting on top.
Turtle All The Way Down
The Bitcoin Price Paradox is the origin of confusion in Bitcoin. We attempt to solve it by reasoning on top of it. These efforts lead to more paradoxes. They are circular. We just go around in a loop. Bitcoin’s price cannot be infinite. We don’t have an infinite amount of energy. Physical reality is bounded. Humans are finite. Energy is finite. The Fed only prints so much money, not infinite. Bitcoin cannot be priced if it exists only in the virtual world and has no connection to physical reality. Basing money on Bitcoin is like putting reality on top of ungrounded reality. We’ll keep making ungrounded reality. Bitcoin cannot lift itself from gravity.
The Bitcoin Price Paradox is the mother of all paradoxes in Bitcoin. It is a version of Turtle All The Way Down.
Solving The Paradox
I believe the solution to the Bitcoin Price Paradox is inflation. Let’s say we have a hybrid crypto that has inflated supply. The price equation becomes:
Hybrid Crypto Price = Demand / Supply
In this case, the supply is never zero. So the price is never infinite. It is the way to get out of the Bitcoin Price Paradox. This is where an inflationary crypto is useful. Bitflate is an experiment in this direction. It has a moderately high inflation of 7%. It is the opposite of Bitcoin. Another way to think about this solution is through the philosophy of Yi Ching. Money Yin and Yang are Deflation and Inflation. They’re complementary to each other.
Original Post: https://bitflate.org/post/2021/02/05/the-bitcoin-price-paradox.html
Hacker News - Bitcoin still makes no sense: https://news.ycombinator.com/item?id=25319849
A lot of confusion about Bitcoin originates from a fundamental problem. I call this problem the Bitcoin Price Paradox. It works like this:
Bitcoin Price = Demand / Supply
When supply reaches zero and demand is a positive number, Bitcoin’s price is infinite. If Bitcoin is not grounded in some physical reality, we have no way to price it. Bitcoin is a narrative-driven asset. People compare Bitcoin to gold. In this narrative, its market cap should be something around 10 trillion dollars as of 2021. But after that, we’d have the real estate market, the bond market, the equity market. If Bitcoin’s price is infinite, we’d be spending an infinite amount of energy to mine it.
The Bitcoin Standard and Hyperbitcoinization
Some Bitcoin supporters advocate for the Bitcoin Standard or Hyperbitcoinization. In this future world, everything would be denominated in Bitcoin. When this happens, Bitcoin’s price would become stable. This logic seems to make sense if we assume the world is stable. But what if the world is unstable? We see the world as unstable. We want to base it on Bitcoin for its stability. For Hyperbitcoinization to happen, the world needs to become stable on itself. Bitcoin is a reflection of the world’s value and vice versa. There are two possibilities:
- The world is unstable and Bitcoin is unstable. This is where we are.
- The world is stable and Bitcoin is stable. This is Hyperbitcoinization.
The question is which stability happens first. We really can’t know. Bitcoin depends on the world. The world depends on Bitcoin. We have a circular dependency. Hyperbitcoinization is also a paradox. Hyperbitcoinization does not solve the Bitcoin Price Paradox. It is another paradox sitting on top.
Turtle All The Way Down
The Bitcoin Price Paradox is the origin of confusion in Bitcoin. We attempt to solve it by reasoning on top of it. These efforts lead to more paradoxes. They are circular. We just go around in a loop. Bitcoin’s price cannot be infinite. We don’t have an infinite amount of energy. Physical reality is bounded. Humans are finite. Energy is finite. The Fed only prints so much money, not infinite. Bitcoin cannot be priced if it exists only in the virtual world and has no connection to physical reality. Basing money on Bitcoin is like putting reality on top of ungrounded reality. We’ll keep making ungrounded reality. Bitcoin cannot lift itself from gravity.
The Bitcoin Price Paradox is the mother of all paradoxes in Bitcoin. It is a version of Turtle All The Way Down.
Solving The Paradox
I believe the solution to the Bitcoin Price Paradox is inflation. Let’s say we have a hybrid crypto that has inflated supply. The price equation becomes:
Hybrid Crypto Price = Demand / Supply
In this case, the supply is never zero. So the price is never infinite. It is the way to get out of the Bitcoin Price Paradox. This is where an inflationary crypto is useful. Bitflate is an experiment in this direction. It has a moderately high inflation of 7%. It is the opposite of Bitcoin. Another way to think about this solution is through the philosophy of Yi Ching. Money Yin and Yang are Deflation and Inflation. They’re complementary to each other.
Original Post: https://bitflate.org/post/2021/02/05/the-bitcoin-price-paradox.html
Hacker News - Bitcoin still makes no sense: https://news.ycombinator.com/item?id=25319849
Hi everyone,
We have a new release for the Bitflate Core client, v0.20.2. This is a required upgrade. In this version, we changed the pchMessageStart parameter. This change prevents Bitflate clients from connecting to Bitcoin clients. But it also prevents connection to older Bitflate clients. Please upgrade your client to get new blocks. Instructions for upgrade.
https://bitflate.org/post/2021/01/24/bitflate-binaries-v0.20.2.html
We have a new release for the Bitflate Core client, v0.20.2. This is a required upgrade. In this version, we changed the pchMessageStart parameter. This change prevents Bitflate clients from connecting to Bitcoin clients. But it also prevents connection to older Bitflate clients. Please upgrade your client to get new blocks. Instructions for upgrade.
https://bitflate.org/post/2021/01/24/bitflate-binaries-v0.20.2.html
Hi everyone,
We have a new release for the Bitflate Core client, v0.20.2. This is a required upgrade. In this version, we changed the pchMessageStart parameter. This change prevents Bitflate clients from connecting to Bitcoin clients. But it also prevents connection to older Bitflate clients. Please upgrade your client to get new blocks. Instructions for upgrade.
https://bitflate.org/post/2021/01/24/bitflate-binaries-v0.20.2.html
We have a new release for the Bitflate Core client, v0.20.2. This is a required upgrade. In this version, we changed the pchMessageStart parameter. This change prevents Bitflate clients from connecting to Bitcoin clients. But it also prevents connection to older Bitflate clients. Please upgrade your client to get new blocks. Instructions for upgrade.
https://bitflate.org/post/2021/01/24/bitflate-binaries-v0.20.2.html
I notice there's a check for message_start in the function ReadRawBlockFromDisk.
https://github.com/bitcoin/bitcoin/blob/master/src/validation.cpp#L1207
If I understand correctly, message_start is used to identify Bitcoin Core clients.
https://bitcointalk.org/index.php?topic=2997687.0
Why does the function ReadRawBlockFromDisk check for message_start? Does that mean message_start is also written into blocks?
Thanks.
https://github.com/bitcoin/bitcoin/blob/master/src/validation.cpp#L1207
If I understand correctly, message_start is used to identify Bitcoin Core clients.
https://bitcointalk.org/index.php?topic=2997687.0
Why does the function ReadRawBlockFromDisk check for message_start? Does that mean message_start is also written into blocks?
Thanks.