12 reasons to buy Bitcoin
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- The wave of crypto listings has come
The Federal Reserve printed banknotes and released water, Bitcoin broke new highs, and institutions increased or even placed BTC in their investment portfolios...In this context, the cryptocurrency industry and the word "listing" are getting closer.
- 12 reasons to buy Bitcoin
Why has Bitcoin become stronger after repeated suppression? Why are the smartest investors in the world allocating Bitcoin? Bitcoin has risen above $30,000, is it still worth buying? This article provides 12 reasons to buy Bitcoin for readers to study and judge.
- How far is Bitcoin from the "official reserve"? These countries are already using
On December 17, 2020, MicroStrategy CEO Michael Saylor tweeted: “Bitcoin is the world’s best fiscal reserve asset and an emerging dominant currency network. It is a solution for everyone on the planet, companies, and governments. We are facing a solution to the problem of value storage.” After the “black swan” in 2020, the voice of Bitcoin becoming “digital gold” is getting higher and higher, so will it be far from international reserves?
- This may be the most worried thing about Bitcoin creator Satoshi Nakamoto: the concentration of Bitcoin wealth
Bitcoin as a technology realizes the future of free finance, but because it is supplied on the free market (due rights), as time goes by, it will gradually be occupied and controlled by the current rich people in the world With. The creator of cryptocurrency Satoshi Nakamoto (Satoshi Nakamoto) tried to free the world from the control of the currency by a third party. But if most of the Bitcoin supply is owned by a few people, is the distribution of wealth affected by its original intention?
- Yellen talked about cryptocurrency, economic stimulus and the depreciation of the U.S. dollar at the hearing
The new US government is being handed over. A cabinet member that everyone is concerned about is Yellen, the new Secretary of the US Treasury, and the cryptocurrency industry is also paying attention. Yellen attended the confirmation hearing of the US Treasury Secretary in the Senate on January 19. All members of the Senate may vote for Yellen's confirmation on Thursday. Yellen answered questions from the senators on many topics, including cryptocurrency, economic stimulus, and the devaluation of the U.S. dollar. Yellen stated at the Senate confirmation hearing that he is "particularly concerned" about the use of cryptocurrency as terrorist financing.
- Golden Observation | Biden takes office: series of "cryptocurrency" benefits have been arranged
On January 21, US President-elect Biden was sworn in as the 46th President of the United States. Biden said in his first tweet after taking office that "there is no time to waste". He signed a series of documents at the White House that day and adopted 17 administrative measures to make adjustments to the Trump administration's policies in response to the epidemic, climate change, racial equality, immigration, and economy. Counting on Biden's various actions before and after taking office, we found that a series of "cryptocurrency" benefits has been arranged.
- Tether's secret tricks: how to become a big but not down crypto central bank
The U.S. Treasury Department should implement a 100% reserve ratio requirement for all encrypted stablecoins linked to the U.S. dollar and conduct mandatory audits. There is real potential in the crypto market-the entrepreneurial ecosystem in crypto is doing the right thing! ——However, if the industry is full of fraud and scams, the potential of the crypto market will not be fully realized.
- Exploring the difference in DeFi valuation: which is more important, narrative or data?
Narrative means the concept and mechanism of the project, and data directly represents the various performances of the project. I will use narrative and data axes to divide the project into four quadrants. Projects in quadrant 1: well-known projects (market value within 100); projects in quadrants 2 and 4: projects that perform well (market value between 150-300); projects in quadrant 3: emerging projects, Garbage projects or projects that have died (market value outside of 500). The easiest project to make money comes from the third quadrant to the second and fourth quadrants or "buffer". The project only requires a value narrative or data. However, if a project wants to enter the first quadrant, its value narrative and data needs to be enhanced.
- Golden Observation | Where does the repetition rate of DeFi lock-up volume come from?
Since 2020, DeFi locked up assets have increased from US$900 million to US$34.2 billion. There is a price increase factor, so you can check the number of assets. From 2020 to now, the number of ETH locked in Ethereum Defi has increased from 3.2 million in 2020 to 9.3 million in October, and it will fall back to about 7.4 million in 2021. This is largely because the popularity of Defi applications has faded. Judging from the amount of basic currency in the public chain, we can clearly find data that is more suitable for judging on-chain behavior. This is the same as the data displayed by the Defi application, and some appearances need to be removed. For example, in the $34.2 billion locked in DeFi today, the actual locked position is only about 24.9 billion, so the asset repetition rate is about 27.41%. So where does this nearly 28% duplicate asset rate come from?
- On inflation, finance, incentive compatibility and the fair launch of DeFi
A few days ago, several members of the Year team and I jointly proposed a revised repurchase proposal called "Buyback and Build", proposing to buy back YFI in a similar way and distribute it to core contributors ; With Andre’s recent article, the proposal has more details and points out more collective interests. In less than 24 hours, the issue of incentive incompatibility between token holders and core contributors became well known, and even more active proposals (such as the issuance of YFI) began to appear. All of this makes me wonder: How can we incentivize the core contributors of these grassroots projects to work for the project for a long time, and ensure that the incentives are self-sustaining?
