According to CryptoPotato, an anonymous Bitcoin user recently paid a staggering 19.89 BTC (over $500,000) in transaction fees to move just 0.074 BTC (worth less than $2,000 at current rates). The payment was made to the Bitcoin mining pool F2Pool, which generated the valid block. F2Pool has stated that the transaction will be put on hold for three days in case the person or organization responsible wants to claim it back. If not, the funds will be distributed among the BTC miners in the pool. Jameson Lopp, co-founder and CTO of self-custody solution CasaHODL, believes the $500,000 transaction could be the result of an exchange or payment processor with buggy software. He noted that the address involved had received and sent over 60,000 transactions, which is considered bad practice, and likely miscalculated the change output. Some Twitter users have speculated that the unusually high transaction fee could be part of a deal between the sender and the Bitcoin mining pool, with crypto analyst 'sunnydecree' suggesting the possibility of Bitcoin laundering. It is important to note that the average transaction fee for moving Bitcoin is currently around $2.18. This figure has fluctuated over the years, typically increasing when the price of the primary cryptocurrency rises. For instance, BTC transaction fees exceeded $30 in May this year when the asset's value approached $30,000. F2Pool has stated that if no one claims the fees within the specified time frame, they will be distributed to the miners.

A Shiba Inu trader recently posted on Reddit about his experience with the coin. He said the cryptocurrency doesn’t have a real use or any solid updates. He warned people not to get too caught up in the hype and to stay realistic. He believes the whole project is a pump-and-dump scheme. The next paragraphs reveal his thoughts. Shiba Inu (SHIB) has been a controversial yet profitable digital asset for some traders. The key to my own financial success with SHIB has been a simple mantra: “Buy the rumor, sell the news.” I initially invested in SHIB at a similar value to its current price and later exited near its all-time high. Additional profits came during the infamous Robinhood pump and the recent Shibarium hype. While the coin does offer trading opportunities, it’s crucial to separate financial gains from irrational exuberance. The term “shitcoin” may seem derogatory, but it raises a critical point: SHIB lacks genuine utility. In the crypto space, utility is often equated with a coin’s functional value. SHIB’s main function—earning other tokens with catchy names—is not a form of true utility. Nor are the lofty promises of a utopian future where Shiba Inu revolutionizes the financial world. The Double-Edged Sword of Decentralization Decentralization is often lauded in the crypto world for good reason—it negates the need for central authority and enables price volatility that can be leveraged for profit. However, there is a dark side. The anonymity behind SHIB’s leadership (or lack thereof) could be a red flag. Shytoshi, the pseudonymous creator of SHIB, is not a mystical wizard but rather an individual or group choosing to remain hidden. High-profile projects in traditional sectors usually showcase their leadership team’s credentials; in the crypto world, Batman is not real, and anonymity is not always a virtue. Trade on US-Banned Exchanges With No KYC Tired of missing hot new listings because your favorite exchange is banned in the US? With RocketXchange you can finally trade on Kucoin, ByBit and more without registration or KYC! Simply connect your wallet to access every coin. No VPN needed. Seamlessly bridge between EVM, Solana, Cosmos and 100+ chains. Discover the next crypto gem with low fees. Take your trading to the next level with: Instant access to banned CEXs No KYC required Trade on your terms – no registration required Maintain full custody – tokens stay in your wallet Access liquidity across leading DEXs and CEXs Bridge assets quickly between any blockchain Escape CEX limits today with RocketXchange! Show more +Show less – The Fallacy of Token Burns and Shibarium One of SHIB’s touted features is its deflationary tokenomics, where burning tokens supposedly increases value. But let’s be clear: if 90% of the supply is burned, what you hold is also essentially “burned” in the equation. The idea that only others will burn their holdings, leaving you with a more valuable stash, is nothing but a collective delusion. Then comes Shibarium, SHIB’s layer-2 scaling solution. Touted as the vehicle that would bring mass adoption and wealth to its holders, it has so far proven to be a non-event. Its rollout was marked by technical glitches and it failed to insulate SHIB from broader market dynamics. Those pinning hopes on “Shibarium v2” might want to reassess their expectations. The Metaverse Mirage Metaverse is the latest buzzword to enter the SHIB narrative. However, history suggests caution. Even Facebook—now Meta—struggled with its metaverse ambitions. The idea that SHIB’s metaverse will be fundamentally different is rooted more in optimism than in any concrete deliverables. The Reality of Price Targets Let’s address the elephant in the room: SHIB is unlikely to hit $0.01 in our lifetimes. Even if it does, inflation and market dynamics will ensure that $0.01 isn’t as valuable as one might think. The Takeaway It’s certainly possible to make money trading SHIB—or any other crypto, for that matter. The keys are research, timing, and emotional control. What’s crucial is to not get swept away by the narratives that often surround these speculative assets. Join us on Twitter and Facebook for the latest insights and discussions in the world of crypto. Explore our news section and stay ahead of the curve with our expert price predictions. The post ‘Another Currency That Is Worth Absolutely Nothing’: Shiba Inu Trader Sees Through the Hype As Price Sinks appeared first on CaptainAltcoin.

After making a crucial mistake during a live show, well-known Brazilian YouTuber Fraternidade Crypto found himself in the middle of a cryptocurrency crisis and lost over 86,399 Polygon (MATIC) tokens, or more than $50,000. The incident, which highlights how crucial it is to protect cryptocurrency assets, sparked conversations regarding crypto custody and security measures. The mishap unfolded when Fraternidade Crypto unintentionally unveiled his private keys while broadcasting live. This blunder, caught by vigilant viewers like Guilherme Rennó, left the YouTuber’s MATIC tokens vulnerable to being exploited. As per data from the Polygon scan, these tokens were swiftly taken by an unidentified party. The transaction which show that MATIC tokens were transferred from the Brazilian YouTubers account. Source: Etherscan However, the narrative took an unexpected twist when another Twitter user, Fernando Bertini, asserted that the tokens had been returned. In Portuguese, he revealed, “I talked to the staff… they were returned.” This revelation sparked speculation among the crypto community, with some speculating that the tokens may have been taken in order to safeguard them from potential theft by others. The incident highlights the need for secure crypto asset storage practices, as Fraternidade Crypto’s experience was marred by common mistakes. Storing private keys in a computer file proved to be a grave error, reminding enthusiasts that offline storage methods are crucial. Ideal approaches include engraving keys on metal or storing them on physical paper. Fraternidade Crypto’s misadventure serves as a timely reminder, especially against the backdrop of crypto-related concerns that dominated 2022. With the value of crypto holdings plummeting and a series of high-profile thefts shaking investor confidence, the security of digital assets became a paramount concern. The spate of thefts, which saw hackers stealing nearly $2 billion, fueled a surge in interest in hardware wallets. Amidst the prevailing atmosphere of cyber threats, hardware wallets have emerged as a viable solution. These physical devices, reminiscent of USB sticks, allow for offline storage of cryptocurrency assets. The rise in hardware wallet adoption is evident, with market research firm Straits Research projecting the industry’s value to soar from $245 million in 2021 to over $1.7 billion by 2030. As cybercriminals continue to target “hot” internet wallets and blockchains, the allure of hardware wallets grows stronger. These tangible solutions promise security and resilience against the rising tide of crypto theft. Fraternidade Crypto’s unfortunate incident underscores the urgency of implementing such measures, safeguarding digital wealth from potential compromise. In a landscape where cryptocurrency security remains paramount, the tale of the Brazilian YouTuber serves as a poignant reminder of the risks involved and the innovative solutions available. The post Brazilian YouTuber recovers lost MATIC tokens after accidental livestream key reveal appeared first on Todayq News.

The Shiba Inu (SHIB) team has re-launched the Shibarium L2 network in private mode after the initial launch was fraught with technical problems. SHIB price holds steady at $0.0000008, but on-chain indicators suggest the bulls could return to action at any moment. Shiba Inu launched the Shibarium mainnet, a layer-2 scaling solution, on August 16 after months of testing that attracted millions of transactions. However, it was quickly halted after a series of technical problems. Presumably, in fears of network vulnerability, Shiba Inu holders have been moving their tokens into self-custody since the initial Shibarium launch. SHIB Market Supply Has Shrunk Considerably Despite assurances of a $2 million insurance scheme, Shiba Inu deposited in crypto exchange wallets has now dropped to the lowest in over a year. Data from Cryptoquant depicts that Shiba Inu Exchange Reserves entered its ongoing decline on August 17, barely after the Shibarium mainnet launch on August 16. Zooming out, the data shows that SHIB Exchange Deposits have not dropped this low since February 2022. Shiba Inu (SHIB) – Shibarium Could be a Game-Changer | Exchange Reserves, Aug 2023 | CryptoQuant Exchange Reserves track real-time changes in the total SHIB balances investors hold in recognized crypto exchange wallets. The chart above shows that recent Shiba Inu price uptrends on August 5 and August 12 preceded significant downswings in Exchange Reserves. Between August 17 and August 26, Shiba Inu holders have withdrawn 1.8 trillion SHIB tokens worth $14.5 million at the current market price of $0.000008. Notably, more than 10% of Shiba Inu’s average trading volume over the past week. This highlights that another potential supply squeeze after a successful relaunch of Shibarium could be a game changer for SHIB price if the Shibarium FUD subsides and market demand spikes. The Market Demand is Still Largely Neutral Presumably, spooked by the recent Shibarium-related network fragilities, Shiba Inu many network participants have refrained from performing transactional activities in recent weeks. The chart below illustrates that daily Active Addresses on the Shiba Inu network have declined since August 16. As of August 26, it stood at 3,647, down 56% from the 8,214 Active Addresses recorded on August 16. Shiba Inu (SHIB) – Shibarium Could be a Game-Changer| Active Addresses, Aug 2023 | CryptoQuant Active Addresses estimates the daily number of participants carrying out economic transactions on a blockchain network. This means the number of investors deploying SHIB for transactions has dropped significantly. Unsurprisingly, SHIB price has continued to trend neutral around the $0.0000008 range over the last few days. In conclusion, the SHIB price action will hinge significantly on users returning to the network in the coming days. The correlation between the Shibarium fiasco and the drop in market demand signals how a successful relaunch of Shibarium could be a game-changer for SHIB price. Shiba Inu Price Prediction: Potential Breakout Toward $0.000014 The on-chain data points analyzed above suggest Shiba Inu price will likely retest $0.000014 when the market demand returns. The In/Out of Money Around Price (IOMAP) data, which shows the entry price distribution of current Shiba Inu holders, also validates this prediction. The chart below shows that 370,440 holders had bought 272.9 trillion SHIB at the average price of $0.000011. If they sell early, they could cause a momentary pullback. However, if the market demand spikes as predicted, the bulls could promptly push the rally toward $0.000014. Shiba Inu (SHIB) Price Prediction | IOMAP, August 2023, Source: IntoTheBlock In contrast, if the Shibarium FUD persists upon relaunch, the bearish traders could force a reversal below $0.000006. But, 133,510 holders had bought 41 trillion SHIB at the average price of $0.000006. They could trigger a rebound if they hold firm. However, if that support cannot hold, SHIB price could further retrace $0.000006. $SHIB

Jasmy is a cryptocurrency project that’s focused on leveraging blockchain technology in the IoT (internet of things) sector. The project’s stated goal is to enable democratization of data, allowing users to share and access data securely and under clearly defined rules. In this article, we’ll take a closer look at the Ethereum blockchain to find out the 10 biggest Jasmy holders. Wherever applicable, we’ll provide additional information about these top Jasmy coin holders. The top 10 Jasmy holders in 2023 Without further ado, let’s check out the top 10 Jasmy holders and learn a bit more about these Jasmy whales. Rank Address JASMY holdings Dollar value Notes 1 0xF977814e90dA44bFA03b6295A0616a897441aceC 9.4 billion $31.5 million Binance exchange wallet 2 0xF8EF081D1E889dFCE9E20d84A97A02414158445A 2.8 billion $9.5 million Wallet holding JASMY and DEP #1 3 0x0149f69817d200173fcE18d1e17fdB6D89d80482 1.6 billion $5.5 million Wallet holding JASMY and DEP #2 4 0xa0E713a15c6a462c4A1D5A1D20d51d104673AfD3 1.4 billion $4.8 million Large holder that withdraws from Coinbase #1 5 0x5238579ba835Db9f3920F439632B602e236Fd37a 1.4 billion $4.7 million Large holder that withdraws from Coinbase #2 6 0xf4a5b232DF2De4dd6ad613ba17C3113CEf707BE9 1.1 billion $3.6 million Jasmy deployer smart contract 7 0x3CC936b795A188F0e246cBB2D74C5Bd190aeCF18 897 million $2.9 million MEXC exchange wallet 8 0xC579b622453479E7dF31DB9a62b63155C5d10b68 821 million $2.7 million Large holder that withdraws from Coinbase #3 9 0xCFFAd3200574698b78f32232aa9D63eABD290703 784 million $2.6 million Crypto.com exchange wallet 10 0xA9D1e08C7793af67e9d92fe308d5697FB81d3E43 774 million $2.5 million Coinbase exchange wallet Data as of August 18, 2023. If you want to check out the Jasmy holders chart, the best place to visit is Etherscan, a popular website that provides a comprehensive overview of what’s happening on the Ethereum blockchain. On Etherscan, you can see a detailed breakdown of the biggest Jasmy coin holders, and they also offer a visual representation that shows how these coins are spread out among different wallets. Jasmy holding distribution among the 100 largest JASMY token holders. Image source: Etherscan 1. Binance exchange wallet Holdings: 9.4 billion JASMY Dollar value: $31.5 million 0xF977814e90dA44bFA03b6295A0616a897441aceC The biggest Jasmy holder is a wallet controlled by the Binance cryptocurrency exchange. It’s perhaps not too surprising that a Binance wallet sits at the top of the list of the top JASMY holders, as it is the largest cryptocurrency exchange in the world in terms of trading volume and users. At the time of writing, Binance holds over 9.4 billion JASMY tokens, which is around 19% of the token’s total supply. The wallet, which is labeled as “Binance 8” on Etherscan, also holds significant quantities of other ERC-20 tokens, including $2.7 billion worth of USDT, $300 million worth of MATIC, and $275 million worth of SHIB. 2. Wallet holding JASMY and DEP #1 Holdings: 2.8 billion JASMY Dollar value: $9.5 million 0xF8EF081D1E889dFCE9E20d84A97A02414158445A The second largest Jasmy holder is a curious wallet that holds 2.8 billion JASMY tokens ($9.7 million), as well as 1.6 billion DEAPCoin ($1.6 million). Interestingly enough, the wallet is the 7th largest holder of DEAPCoin in addition to be being one of the biggest Jasmy wallets. This wallet has not made any outgoing transactions so far. Occasionally, the wallet receives large transactions containing JASMY or DEP tokens, but has no other notable holdings. In January of 2023, the wallet received 425 million JASMY, which translated to about $2.2 million at the time. 3. Wallet holding JASMY and DEP #2 Holdings: 1.6 billion JASMY Dollar value: $5.5 million 0x0149f69817d200173fcE18d1e17fdB6D89d80482 This is another wallet that holds significant quantities of JASMY and DEP tokens. However, this address is much more active, and frequently sees both incoming and outgoing transactions. We are speculating here, but it’s possible that both this address and the address featured at #2 on our list belong to a cryptocurrency exchange. This address is much more active and the transactions it’s receiving and sending consist of relatively small amounts. This suggests that it is a hot wallet, while the address ranked at #2 is likely used as a cold wallet.  While it’s quite likely that these addresses belong to an exchange, we haven’t been able to identify which exchange the addresses belong to. Since Jasmy is a Japan-based project, it wouldn’t be too surprising if the addresses belonged to an exchange operating in the Japanese market. 4. Large holder that withdraws from Coinbase #1 Holdings: 1.4 billion JASMY Dollar value: $4.8 million 0xa0E713a15c6a462c4A1D5A1D20d51d104673AfD3 The fourth largest JASMY coin holder is also quite curious, as it is a wallet that hasn’t done anything else other than receive large JASMY token withdrawals from the Coinbase cryptocurrency exchange. Since the wallet holds large amounts of JASMY and has never made an outgoing transaction, it’s very likely that it is a cold wallet, perhaps used by a cryptocurrency custody service provider. 5. Large holder that withdraws from Coinbase #2 Holdings: 1.4 billion JASMY Dollar value: $4.7 million 0x5238579ba835Db9f3920F439632B602e236Fd37a This wallet is extremely similar to the wallet featured at the #4 spot in our list. They both hold practically the same amount of JASMY (roughly 1.4 billion tokens), and the only activity both wallets have displayed so far is receiving large JASMY transactions withdrawn from the Coinbase exchange. Although the purpose of these wallets is not clear other than likely being cold storage wallets, it seems reasonable to conclude that the two wallets are connected in some way. 6. Jasmy deployer smart contract Holdings: 1.1 billion JASMY Dollar value: $3.6 million 0xf4a5b232DF2De4dd6ad613ba17C3113CEf707BE9 The sixth largest JASMY holder is the address that deployed the smart contract for the JASMY token. In late December 2019, this address made a transaction that resulted in the creation of 50 billion JASMY tokens. Curiously, the address also holds a very exclusive Unisocks NFT, which can be redeemed for a pair of rate Uniswap socks. So far, this address has made about 20 transactions, all of which are interactions with the Jasmy token smart contract. 7. MEXC exchange wallet Holdings: 897 million JASMY Dollar value: $2.9 million 0x3CC936b795A188F0e246cBB2D74C5Bd190aeCF18 The seventh largest JASMY holder is MEXC, a cryptocurrency exchange based in the Seychelles. MEXC is a relatively large cryptocurrency exchange that lists a wide range of cryptocurrencies. Besides its holdings of 897 million JASMY tokens valued at about $2.9 million, the wallet tagged “MEXC.com 3” also holds large quantities of ETH, USDT, MX, USDC and other ERC-20 tokens.  8. Large holder that withdraws from Coinbase #3 Holdings: 821 million JASMY Dollar value: $2.7 million 0xC579b622453479E7dF31DB9a62b63155C5d10b68 This is yet another wallet that holds a significant amount of JASMY and only withdraws JASMY tokens from Coinbase. This address could be linked to the addresses featured at #4 and #5 on our list, since it exhibits basically the same transaction pattern. Notably, this wallet also hasn’t made any outgoing transactions so far. 9. Crypto.com exchange wallet Holdings: 784 million JASMY Dollar value: $2.6 million 0xCFFAd3200574698b78f32232aa9D63eABD290703 The ninth biggest holder of Jasmy is a wallet belonging to Crypto.com, a major international cryptocurrency exchange. This wallets has similar properties as other exchange wallets that hold JASMY. In addition to $2.6 million worth of JASMY tokens, the wallet tagged “Crypto.com 5” on Etherscan also holds very large quantities of ETH, USDC, USDT, LINK, CRO and other ERC-20 standard tokens. 10. Coinbase exchange wallet Holdings: 774 million JASMY Dollar value: $2.5 million 0xA9D1e08C7793af67e9d92fe308d5697FB81d3E43 The list of the 10 biggest Jasmy holders is completed by a wallet that belongs to Coinbase, the leading United States-based cryptocurrency exchange. This wallet holds a wide variety of ERC-20 standard tokens in addition to JASMY. For example, it holds a whopping $214 million worth of the USDC stablecoin, as well as $6 million worth of ETH.  The bottom line As we can see, most of the biggest Jasmy holders are addresses related to cryptocurrency exchanges. There’s also three addresses that regularly withdraw large amounts of JASMY from the Coinbase cryptocurrency exchange. These addresses are likely related to a cold storage solution or a cryptocurrency custody firm. If you’re interested in other cryptocurrencies apart from Jasmy, make sure to check out our list of the best cryptocurrencies to buy right now.  FAQs Who are the big Jasmy holders? Most of the big Jasmy holders are wallets that belong to cryptocurrency exchanges, for example Binance, MEXC, Crypto.com and Coinbase. The biggest Jasmy holder is a wallet controlled by Binance. How many Jasmy holders are there? According to data sourced from the Ethereum blockchain, the current Jasmy holders count is just under 55,000. However, the real number of Jasmy holders is actually bigger, as some users hold all the JASMY they own on a cryptocurrency exchange.

Satoshi says at one point that he/they are better with code than words, but I'd say that they're very good with both. There are more quotes than these, too, but which stand out to you all? "The nature of Bitcoin is such that once version 0.1 was released, the core design was set in stone for the rest of its lifetime." “I’m sure that in 20 years there will either be very large transaction volume or no volume.” "If you don’t believe it or don’t get it, I don’t have the time to try to convince you, sorry.” “The root problem with conventional currency is all the trust that’s required to make it work. The central bank must be trusted not to debase the currency, but the history of fiat currencies is full of breaches of that trust.” “Being open source means anyone can independently review the code. If it was closed source, nobody could verify the security. I think it’s essential for a program of this nature to be open source.” “Lost coins only make everyone else’s coins worth slightly more. Think of it as a donation to everyone.” “I’ve developed a new open source P2P e-cash system called Bitcoin. It’s completely decentralized, with no central server or trusted parties, because everything is based on crypto proof instead of trust.” “At first, most users would run network nodes, but as the network grows beyond a certain point, it would be left more and more to specialists with server farms of specialized hardware. A server farm would only need to have one node on the network and the rest of the LAN connects with that one node.” “For greater privacy, it’s best to use bitcoin addresses only once.” “A purely peer-to-peer version of electronic cash would allow online payments to be sent directly from one party to another without going through a financial institution.” “I’ve been working on bitcoin’s design since 2007. At some point I became convinced there was a way to do this without any trust required at all and couldn’t resist to keep thinking about it.” “Banks must be trusted to hold our money and transfer it electronically, but they lend it out in waves of credit bubbles with barely a fraction in reserve. We have to trust them with our privacy, trust them not to let identity thieves drain our accounts. Their massive overhead costs make micropayments impossible.” “The heat from your computer is not wasted if you need to heat your home.” “Yes, [we will not find a solution to political problems in cryptography,] but we can win a major battle in the arms race and gain a new territory of freedom for several years. Governments are good at cutting off the heads of a centrally controlled networks like Napster, but pure P2P networks like Gnutella and Tor seem to be holding their own.” “I don’t believe a second, compatible implementation of Bitcoin will ever be a good idea. So much of the design depends on all nodes getting exactly identical results in lockstep that a second implementation would be a menace to the network.” “I anticipate there will never be more than 100K nodes, probably less. It will reach an equilibrium where it’s not worth it for more nodes to join in. The rest will be lightweight clients, which could be millions.” “In this sense, it’s more typical of a precious metal. Instead of the supply changing to keep the value the same, the supply is predetermined and the value changes. As the number of users grows, the value per coin increases. It has the potential for a positive feedback loop; as users increase, the value goes up, which could attract more users to take advantage of the increasing value.” “Bitcoin addresses you generate are kept forever. A bitcoin address must be kept to show ownership of anything sent to it. If you were able to delete a bitcoin address and someone sent to it, the money would be lost.” “The result is a distributed system with no single point of failure. Users hold the crypto keys to their own money and transact directly with each other, with the help of the P2P network to check for double-spending.” “Sigh... why delete a wallet instead of moving it aside and keeping the old copy just in case? You should never delete a wallet.” “It is strictly necessary that the longest chain is always considered the valid one.” “The receiver of a payment must wait an hour or so before believing that it’s valid. The network will resolve any possible double-spend races by then.” “Although it would be possible to handle coins individually, it would be unwieldy to make a separate transaction for every cent in a transfer. To allow value to be split and combined, transactions contain multiple inputs and outputs. Normally there will be either a single input from a larger previous transaction or multiple inputs combining smaller amounts, and at most two outputs: one for the payment, and one returning the change, if any, back to the sender.” “The guy who received the double-spend that became invalid never thought he had it in the first place. His software would have shown the transaction go from “unconfirmed” to “invalid”. If necessary, the UI can be made to hide transactions until they’re sufficiently deep in the block chain.” “The fact that new coins are produced means the money supply increases by a planned amount, but this does not necessarily result in inflation. If the supply of money increases at the same rate that the number of people using it increases, prices remain stable. If it does not increase as fast as demand, there will be deflation and early holders of money will see its value increase. Coins have to get initially distributed somehow, and a constant rate seems like the best formula.” “The steps to run the network are as follows: 1. New transactions are broadcast to all nodes. 2. Each node collects new transactions into a block. 3. Each node works on finding a difficult proof-of-work for its block. 4. When a node finds a proof-of-work, it broadcasts the block to all nodes. 5. Nodes accept the block only if all transactions in it are valid and not already spent. 6. Nodes express their acceptance of the block by working on creating the next block in the chain, using the hash of the accepted block as the previous hash.” “Proof-of-work has the nice property that it can be relayed through untrusted middlemen. We don’t have to worry about a chain of custody of communication. It doesn’t matter who tells you a longest chain, the proof-of-work speaks for itself.” “As computers get faster and the total computing proof-of-worker applied to creating bitcoins increases, the difficulty increases proportionally to keep the total new production constant. Thus, it is known in advance how many new bitcoins will be created every year in the future.” “What is needed is an electronic payment system based on cryptographic proof instead of trust, allowing any two willing parties to transact directly with each other without the need for a trusted third party. Transactions that are computationally impractical to reverse would protect sellers from fraud, and routine escrow mechanisms could easily be implemented to protect buyers.” “There will be transaction fees, so nodes will have an incentive to receive and include all the transactions they can. Nodes will eventually be compensated by transaction fees alone when the total coins created hits the pre-determined ceiling.” $BTC #BTC #bitcoin