Bitcoin 10 years: Exchange BitMEX celebrated the anniversary of the first cryptocurrency Satoshi congratulations to The Times

In the room The Times of January 3, 2019 appeared advertising exchange BitMEX, timed to the tenth anniversary of the Genesis block of Bitcoin. Thus the user of the trading platform I wanted to thank the Creator of the cryptocurrency Satoshi Nakamoto. The cover of The Times was not chosen arbitrarily, because the title of this newspaper was in the first block of Bitcoin.

Grand anniversary

Message Bitmex also has “Easter eggs” — a little below is the hash of the transaction encrypted.

w#/ ThanksSatoshi /BTC.COM/��mm,���CA4Z_IGQ�~YVM܈H����{�|�|###B#b)#�

Today at 18:15 UTC, the Bitcoin blockchain will officially be 10 years old. Address with the first reward of the Genesis block has already received over 16 bitcoins as a gift. It is noteworthy that he is Satoshi can’t spend the first 50 bitcoins mined. Based on the rules of cryptocurrency mining, these coins will always remain in his wallet.

A short time later, after a hasty mining of the Genesis block, Satoshi explained some of the main principles of Bitcoin.

“You could say that coins are issued by the majority. They are available in a limited and predetermined quantity.Indeed, there is no one who could play the role of the Central Bank to regulate money supply with the increasing number of users. In this case we need a trusted party, as long as the software cannot know the real value of things.In this sense, bitcoin is more similar to precious metal. Instead of changing the proposal, we leave it fixed, therefore, the value of the asset is starting to grow. With the growth of the user base, that process will accelerate and lead to a vicious circle. Each new user alone increases the value of the coins, which, in turn, attracts even more users.”

Over the past few years Bitcoin has repeatedly been criticized, many analysts constantly predict “impending death” of bitcoin. However, all this negativity did not prevent the first investors in Bitcoin to make huge profits.

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Capitalization of the cryptocurrency market will reach 80 trillion dollars in the next 15 years

Venture investor Tim Draper, said in an interview for DealStreetAsia that the total capitalization of the cryptocurrency market will reach 80 trillion dollars in the next 15 years.

Speaking at the summit DealStreetAsia PE-VC Summit 2018 in Singapore, Draper said that the significant downturn in the cryptocurrency market in recent months due to the fact that many still have not adopted digital currencies as a new asset class. Draper said that when people get acquainted with this technology, it transformerait a globally important region:

I think it will have a transformative effect on industries, which we did not even know that they can transform. The Internet has changed markets in the 10-100 billion dollars, cryptocurrency will go even further and take on the markets trillions of dollars is Finance, healthcare and insurance, banking and investment banking, as well as the state and management activities.

Draper also compared the current state of the cryptocurrency market since the beginning of the Internet, saying:

The Internet started in exactly the same way he went in big waves, and then collapsing, then came the next wave, but much more and I suspect the same thing will happen with cryptocurrencies.

Read also – the Price of bitcoin follows the 2015 scenario? Analysis and forecast of BTC price

Brian Kelly from Fast Money CNBC also compared the cryptocurrency with the “Internet in the 1980-ies,” noting that bitcoin (BTC) is still at an early stage. Kelly argues that, although he had previously compared the cryptocurrency market with the Internet in 1995, he now understands that this market should be compared to the earlier years of Internet development:

I think that this technology will work, and it will radically change many areas, but it is at a very early stage of development, which is why we are seeing such volatility.

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Mike Novogratz: after 15 years, almost each database will run on the blockchain

6 Jun in an interview with Bloomberg, Mike Novogratz, CEO and founder of Galaxy Digital Capital Management, shared his views on cryptocurrency and rules concerning them.

Billionaire on the Forbes list in 2007 and 2008, Novogratz is also the former Manager of hedge funds and a veteran of wall street. Mike shared his attitude towards cryptocurrencies and the blockchain and what future awaits them:

“In 15 years, cryptocurrency and the blockchain will drastically change the Internet — the global network will become Internet 3.0”

Novogratz also added that cryptocurrency will become a global phenomenon, regardless of whether they are better than the Internet or worse. According to him, cryptocurrency is a great asset for macro trader.

Mike said that he first “stumbled on crypto-currencies” in 2012 during the financial crises:

“… at that time people had a distrust of Fiat money and Central banks … the people who were worried about inflation, think about the use of this new technology and decided that this may be a new asset through decentralization”.

When Mike asked if he understands how the cryptocurrency, he said that close to understanding this technology:

“The unique design Satoshi? I believe that two Nobel prizes, one of which is for a breakthrough in computer science. Second — the idea of token economy in which the token is used as a stimulus for creating new communities and business ideas. These two aspects make cryptocurrency is a very powerful force …”

Novogratz predicts that with the emergence of a growing number of users, the blockchain will slow down.

He also acknowledges the fact that although he started investing in 2012, 6 years later, he knows about cryptocurrency, not all.

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