submitted by Floris-Jan to aelfofficial [link] [comments]
2019 has been a tumultuous but amazing year for the development and advancement of blockchain technology. Following the rally to the all-time-highs at the end of 2017 and the intense infrastructure development and ongoing Bear Market of 2018 it was clear things were changing quickly. We are about to enter a new decase and the team at Aelf wanted to look back at 2019 and reflect on some of the events that occurred over the last year to see where the industry might be headed in 2020.
Although the year has been considered a continuation of the 2018 bear market, it didn’t stop development, progression and a myriad of crazy events from occurring. This included the challenges associated with global regulations, the upcoming Bitcoin halving event in May 2020, announcement of the Facebook Libra and Telegram Open Network’s (TON) launch delay. This year also saw a myriad of debacles from self-proclaimed Bitcoin creator Craig Wright, the Justin Sun and Warren Buffet lunch situation, the recent claim of Twitter CEO Jack Dorsey’s goal to modify Twitter into a decentralized version of the platform, and President Trump’s Bitcoin statement, among others. Now let’s examine more of what took place during 2019 as we approach the start of the New Year in 2020.
The SEC, Telegram, Facebook Libra, Kik and Blockchain’s Global Regulatory Environment
Many of the world’s governments have been harsh towards blockchain technology in recent years. Particularly, the US Government and the Securities and Exchange Commission (SEC) have been very reluctant to ease the regulatory framework for blockchain development in the country. This has become more evident in 2019, with the SEC combatting many blockchain projects this year including the $1.7 billion-dollar token offering of the Telegram Open Network
and the Facebook Libra project. As well the SEC created controversy in a gruesome battle with Kik over its alleged illegal token offering that Kik has sworn to fight to their last breath.
Many proponents of blockchain technology accuse the SEC of unfair policies to put a stranglehold on the development on blockchain in order to prevent the devaluation of the American monetary system. The reluctance for crypto exchanges to set up shop in the US is also becoming more prevalent because of the supposedly biased and unfavourable approach of the SEC. Nevertheless, there are also several major countries including China that have for the most part embraced the advancement of blockchain technology in 2019. China has also nearly finalized the development of the digital Chinese Yuan and announced that that country is going all in on blockchain development despite its sometimes anti-Bitcoin approach.
The Bitcoin Halving Event and its Ongoing Effect on Market Conditions
With the end of 2019 nearly upon us and the upcoming Bitcoin halving event set to take place during May of 2020 the market could be overdue for a bull market of mass proportions. Remember, the last bull market that took place was 2 years ago during December 2017 and was followed by an incredible dump from the all-time-high price of 20 thousand US Dollars to just 3300 USD in December 2018. For the most part, 2018 was a blood-bath for crypto markets and 2019 has not been all that much better. The price did briefly rally up to 14 thousand US Dollars during mid 2019 but has since been reduce by half with the Bitcoin price presently at just over 7000 US Dollars. Bitcoin was designed by its original creators with code written to mitigate the negative effects of inflation. In order to curb inflation, once every 4 years (or 210,000 blocks) the mining rewards that the network automatically generates are reduced in half.
3 Additional Stories to Watch in 2020
In June, the CEO of Tron, Justin Sun purchased tickets through eBay for a charity auction to have lunch with Warren Buffet. Sun paid a record $4.56 million US Dollars in the process becoming the highest bid in the 20-year history of the event. The purpose of the lunch from Sun’s standpoint is to change Mr. Buffet’s viewpoint towards crypto and blockchain tech by inviting several blockchain industry leaders to help sway the famous investor’s perspective. Sun subsequently missed the lunch he scheduled in September because of a sudden bout with kidney stones. At this time, the community will have to wait and see when Sun and Buffet will meet in 2020. Stay tuned.
Back in December of 2015, Craig Wright claimed publicly to be the creator of Bitcoin, Satoshi Nakamoto. Most believe Wright was lying to gain more fame and recognition in the industry. On November 18th, 2018 Bitcoin SV hard forked from the Bitcoin Cash Network to create it own chain. As noted above, the disgruntled CEO of Bitcoin SV, has for years maintained he led the initial development of Bitcoin. During February 2018, Wright was the subject of a 5.118-Billion-dollar lawsuit by Dave Kleiman claiming that Wright defrauded Kleiman of Bitcoin while working on the initial development of the Bitcoin Network between 2009 and 2013. In August 2019, Wright was ordered by a court of law to pay half the 5.11 Billion in Bitcoin back to Kleiman. Throughout 2019, Wright launched lawsuits against Ethereum founder Vitalik Buterin, Bitcoin Cash’s Roger Ver and others for calling him a fraud. It seems likely Wright will continue his ongoing Satoshi rhetoric in 2020.
The CEO of Twitter, Jack Dorsey recently stated that he has hired 5 full-time employees to modify the Twitter platform and make it increasingly decentralized. This may seem like a small step initially, but this project could be expanded easily by someone of Dorsey’s reputation and wealth in the technology industry. Dorsey himself has been a long-term proponent of blockchain technology and an investor in Bitcoin. Binance CEO, Changpeng Zhao, recently offered to help Dorsey make this dream come to fruition. Additionally, Morgan Creek Capital founder Anthony Pompliano supported Dorsey’s statement noting that, “Jack Dorsey may understand the future better than any entrepreneur on the planet right now.”
This year we saw Kik, Telegram and Facebook Libra face fierce backlash from the most powerful regulatory body in the world, the SEC. We saw the Chinese government announce that they are all in on blockchain development and declare the upcoming launch of their own centralized digital Chinese Yuan. Justin Sun postponed his 4.56-million-dollar lunch with billionaire investor Warren Buffet because of health issues, while Jack Dorsey the CEO of Twitter proclaimed a more decentralized and open version of Twitter to prevent some of the abuse on the platform.
In 2019, the 4-year long Craig Wright and Satoshi Nakamoto saga continued, and we finally are moving closer to the much-anticipated Bitcoin halving event of May 2020 that could change the trajectory of the Bitcoin price for much of 2020 and 2021. It is clear 2019 has been an incredible year for the blockchain industry. With no shortage of uncertainty and scepticism in the short-term, it is likely that 2019 will pale in comparison to the developments of 2020. As we approach 2020, the industry will continue to expand towards mass adoption and the mainstream evolution of blockchain technology. Nevertheless, with the global regulatory blockchain environment evolving in many areas across the world, the uncertainty in the United States remains stronger than ever. There is no telling what will happen in this regard and what will happen with Bitcoin and this amazing revolution in 2020 and beyond.
Merry Christmas and Happy Holidays from the Aelf Blockchain team and a Happy 2020 to all our community members!! Thank You
Recent Posts. Bitcoin is like Amazon, Ethereum only ‘like eBay’ September 6, 2020 Plex Audiobooks access is made simple with Prologue September 6, 2020; Google Podcasts Launches “Your News Update” for Local News and Personalized Stories – Review Geek September 6, 2020; Binance is the biggest crypto-exchange, (but) Binance Coin is undervalued September 6, 2020 (Not eligible for eBay purchase protection programs) Sponsored items from this seller Feedback on our suggestions - Sponsored items from this seller. Cloud Mining Contract Bitmain x3 S17 AntMiner Rental 165+ TH Bitcoin Hashin 1day. $33.33. $54.00. Free shipping . CLOUD MINING 1000TH/s Bitmain ANTMINER S17+ Rental Bitcoin Hashing 1 PETA! 1 Day. $195.00. $300.00. Free shipping . Bitcoin Mining ... E-commerce giant eBay has added a ‘virtual currency’ section to its main US site, enabling users to buy and sell digital currencies like bitcoin, as well as mining contracts and mining equipment.The company earlier included the section in its category changes list for April under ‘Coins and Paper Money’. Tuur Demeester explored why Bitcoin will develop in an Amazon-like fashion, while Ethereum could develop more like eBay. According to Demeester, the user experience of Bitcoin will drive a “hyper-growth” in the long run, while Ethereum is not “designed” for the mass market. The renowned analyst and founder of Adamant Capital, Tuur Demeester, predicts that […] The price of Bitcoin often changes 5-10% in a single day which could cause quite a bit of stress for buyers and sellers. Platforms like BitPay which instantly convert cryptocurrency to fiat can help minimize risk, but these sort of platforms come with heavy fees for large deals like real-estate. Regardless, the Palazzetto auction proves that ... Cryptothrift is the Ebay of Bitcoin. The site features both auction and “Buy It Now” type sales, and supports payments in both Bitcoin and Litecoin. Auction System: Escrow System: User Feedback System: Fees: Sellers pay a 2.5% flat rate of the price of the item, or the Bitcoin/Litecoin transaction fee (whichever is higher). If escrow is used, the buyer pays an additional 1% fee on the ... Find great deals on eBay for 1 bitcoin. Shop with confidence. MyEtherPony has released an eBay like auction process on the Ethereum blockchain. MyEtherPony’s marketplace makes use of on chain transactions hybrid to achieve such functionality. Immutability provided by blockchain technology can be harnessed by an auction process where the highest bidder wins. This eliminates the need for a third-party (an ... Whether you want to mine Ethereum, Bitcoin, or another virtual currency from your basement or set up a crypto trading business, the first step is to set yourself up with a crypto mining rig. To make sure that you end up with a souped-up computer that fits your every need, check out the following answers to common customer questions. Tuur Demeester explored why Bitcoin will develop in an Amazon-like fashion, while Ethereum could develop more like eBay.According to Demeester, the user experience of Bitcoin will drive a “hyper-growth” in the long run, while Ethereum is not “designed” for the mass market. The renowned analyst and founder of Adamant Capital, Tuur Demeester, predicts that the...
[index]          
Get $10 FREE Bitcoin from Coinbase https://www.coinbase.com/join/5292cca65e96991136000831 Binance Signup https://www.binance.com/?ref=10190098 eBay Crypto Ar... I didn’t find a real meaty topic to get into today so I decided to mop up a lot of little stories which wouldn’t have found a home anywhere else so let’s go ahead and do that. One person ... Thanks for watching this video. Here is my favorite coin tracker for your phone: Checkout this app for tracking coin prices and your altfolio. https://itunes... EBAY TO ACCEPT BITCOIN AS PAYMENT METHOD?? There are many people citing many reasons for the huge surge in the value of Bitcoin, but one of the key reasons is the number of platforms that are ... Like this video? Sign in to make your opinion count. Sign in. 886 29. Don't like this video? ... Kraken Expansion & Bitcoin Auction - Duration: 30:16. The Modern Investor 14,799 views. 30:16 ... Join Binance Exchange Here! https://www.binance.com/?ref=13795076 Join Kucoin Exchange Here! https://www.kucoin.com/#/?r=7chr68 Mine Bitcoin and other Crypto... eBay Accepting Crypto, Bitcoin + Starbucks, Cardano ADA MoU, Ripple In Dubai & Liquid Partners The Modern Investor. Loading... Unsubscribe from The Modern Investor? Cancel Unsubscribe. Working ... #Binance #bitcoin #CZBinance Summing up the decade, Binance is financially healthy growing company with more than 800 employees, that helps to build the infrastructure to let the whole industry ... #352 - Bitcoin trên CNBC + Starbucks chấp nhận Crypto? + Microsoft sử dụng BTC + Binance bảo trì - Duration: 19:45. Thuan Capital Analytics 6,864 views 19:45 Binance is also offering a reward of 20 EURO to the first 5000 users to register at www.binance.je.so go ahead guys and grab the opportunity to be in the first 5000 users but users has to complete ...