Tag: Debate

Coinbase seeks new exec to debate with policymakers

Coinbase is looking for a new hire to manage the exchange’s sour relationship with policymakers. The United States-based crypto exchange aims to swell its legal and compliance team ranks. The company is looking for more than 350 new hires, with 24 job openings within the legal and compliance team. More specifically, Coinbase is seeking a new manager to oversee communications with U.S. policymakers. Along with a strong network in Washington D.C, Coinbase expects its new U.S. policy communications manager, who would lead its media relations and strategic presence in critical policy debates,…

‘ETH has outperformed BTC by 250% since inception’: Raoul Pal triggers debate

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Real Vision co-founder and CEO Raoul Pal has sparked a spirited debate after predicting that Ethereum and other coins with “network effects” will outperform Bitcoin over time. Pal shared a chart of Ether’s price relative to BTC since Aug. 7, 2015 —  six years after Bitcoin was created — showing that “ETH has outperformed BTC by 250%.” Fascinating to see that since inception ETH has outperformed BTC by 250%. It only fell below its initial price in BTC for the first 5 months of its existence in 2015. Let that put…

NFT Immutability Debate Grows as Tokenized Tweets Get Deleted and NFT Images Are Replaced – Featured Bitcoin News

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Over the last few months, the non-fungible token (NFT) space has heated up and NFTs have become a topical conversation in the cryptocurrency community. Many supporters believe that NFTs are going to be huge and transform everything from the art industry to online gaming. Others believe that NFTs are completely worthless and nothing more than the hype seen during the initial coin offering (ICO) phase in 2017. Non-Fungible Token Assets and Reliable Immutability Data shows that to-date, more than 5.3 million non-fungible token (NFT) asset sales have been recorded on…

Bitcoin energy debate resurfaces with calls for ‘green hackers’ to attack network

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The exponential rise in Bitcoin’s price and hash rate is driving critics to once again question the largest blockchain’s energy efficiency — with calls for “green hackers” to band together to mount an attack on the network. Total world production and consumption vs. Bitcoin. Source: CBECI A self styled “developer and ecologist” who goes by the name of Franck Leroy created Twitter and Medium accounts this month to advocate the destruction of the Bitcoin network through “ethical hacking.” In a post titled “Green hackers around the world, let’s destroy Bitcoin”…

Surge in Bitcoin energy consumption sparks debate in crypto community

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The recent surge of Bitcoin (BTC) price has driven notable growth in the amount of electricity consumed by Bitcoin miners, spurring another wave of argument in the community over the ecology of the seminal cryptocurrency. According to the latest data from Digiconomist’s Bitcoin Energy Consumption Index, Bitcoin energy consumption has been at its highest historical levels since late 2020, with the estimated annual consumption level staying above 75 TWh for a record period of time. Bitcoin is now estimated to consume around 77.8 TWh per year, which is as much…

Hedge or cyclical? Eternal debate on Bitcoin’s status sees a new twist

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One of the most enduring cryptocurrency-related narratives revolves around the search of crypto’s definition as an asset class. Is Bitcoin (BTC) more of a digital currency or digital gold? Do its unique properties warrant viewing it as something completely distinct from the established categories of financial instruments? A recently published report by JPMorgan Chase’s strategists has sparked yet another round of such debates. The conclusions that the report presents are at odds with the “Bitcoin as a safe-haven asset” trope that has become somewhat conventional wisdom lately. The authors contend…

Core contributors, investors debate Yearn token mint

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What started as a simple governance proposal to build a war chest for the the Yearn.finance development team has now spilled over into a wider conversation about incentivization, sustainability, and fair project launches in the decentralized finance (DeFi) space.  On Wednesday, Jan. 13 five Yearn community members including multiple core contributors proposed a “Buyback and Build” program that would divert protocol fees towards bolstering the treasury — a proposal that would alter the current system which distributes a dividend to governance participants. The proposal has since been nicknamed ‘BABY.’ In…

‘No debate’ that Bitcoin will increase 20X says gold industry insider

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Gold Bullion International co-founder Dan Tapiero believes that it’s only a matter of time before Bitcoin’s price surges into the six-figure threshold.  Speaking to Anthony Pompliano on the Pomp Podcast, Tapiero asserted that in terms of price appreciation Bitcoin is the king, even though he believes investors should own both gold and Bitcoin: “In the next five years, I can see gold at $4,000, so that’s double. But if gold is at $4,000, Bitcoin is probably somewhere between $300,000 and $500,000, so that’s a 20, 30x.” He went on to…

Debate Rages on Whether a Digital Dollar Will Unleash Inflation

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With record U.S. money printing failing to achieve much-needed economic stimulus, some observers now expect creation of a “digital dollar” central bank digital currency (CBDC) will not only speed payments to consumers but also spur inflation. The Federal Reserve has consistently undershot its 2% inflation target since the Great Recession of 2008, and the situation has only worsened this year due to the coronavirus pandemic. This is leading some to speculate that, should the central bank implement a digital dollar – which it’s not close to doing at present –…

Election 2020 Prediction Markets: Bettors Say Trump Lost Tuesday’s Debate

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With the first Trump–Biden debate now smoldering behind us, the betting markets have picked their winner. That also means they’ve decided on a loser: President Donald Trump. Tuesday marked the first time the incumbent squared off face-to-face against his rival, Democratic nominee and former Vice President Joe Biden. The two septuagenarians bickered, insulted, belittled and at times screamed at one another at almost regular intervals, all in hopes of convincing the American public each is the best choice to control the world’s largest deployed nuclear arsenal. And while conventional, real-time…