The bitcoin halving and quantitative hardening

You have heard of quantitative easing, but what about the opposite — quantitative hardening? Jamie Redman, in a recent article that takes a look at the bitcoin halving writes: “The first two halvings correlated with gigantic price surges and speculators are assuming the next “quantitative hardening,” will produce the same effect.”

The first halving was in 2012 when the bitcoin price was around $11 per coin (imagine!!) and by the end of 2013 it was at $1,150. The second halving was in 2016 and it was followed by the spectacular bull run of 2017, when BTC rose from $650 in 2016 to $19,600 in December 2017. So, you can see why people think the same thing may happen this time, although not everyone agrees.

The quantitative hardening refers to the reduction in rewards for BTC miners caused by the halving. For example, after the last halving event, miners saw the 25 BTC reward slashed to 12.5 coins per block. This time the rewards will be reduced to 6.25 coins per block. The bitcoin system will continue to produce block rewards and halve every four years, until on or around the year 2140.

Redman explains that the way Satoshi Nakamoto built the bitcoin blockchain means it is a system that is “a synthetic form of inflation protection, meant to keep BTC scarce over the course of its history. At the moment, bitcoin’s inflation rate is around 3.8% per annum, and this will drop to around 1.8% after the halving this month. “Estimates also show that through the year 2025 and the halving in 2026, BTC’s inflation rate will be as low as 0.4%,” Redman says, and at 1.8% it will be lower than the world’s central banks’ benchmark reference rate. “Soon after that, the issuance will even outshine the precious metal gold,” which sounds enticing. This will happen because “it will be slower to produce than all the gold mined on earth being added to circulation.”

The halving has huge implications for miners, because every time it means their profits are cut by half, and in order for them to profit, the price must balance the amount of capital they are putting into operations. Moreover, if transaction fees alongside the price of bitcoin is lower than what they are spending, they will be forced to shut down

Many eyes will be on bitcoin’s price and hashrate after the halving. What we really want to see is a price rise above above what it costs to mine blocks, which should increase the hashrate and the system’s security. Tradeblock assumes the price per BTCneeds to be at least $12,500 per coin to avoid a mass exodus of miners.

As Redman says, the three most-watched data points during the next 24 hours and during the next few weeks will be the countdown clocks, bitcoin’s price, and the hashrate.

Are you watching?

AI and the Disruption of Big Pharma

Right now there is a lot of focus on Big Pharma for obvious reasons, so it was with interest that I read an article in Forbes by Alex Zhavoronkov about the pharmaceutical industry’s rather slow approach to using artificial intelligence (AI) when it is already very much a facet of less life-and-death services, such as Netflix movie suggestions.

Significantly, Zhavoronkov says, “Experts suggest that the pharmaceutical industry remains one of the most inefficient industries, a last holdout against technological disruption.” It’s curious is it not, that a sector that is all about scientific advancement should be so behind the times?

According to the article, “the efficiency of the industry has been on the decline since the 1950s. Just as an example, it now costs over $2.6 Billion to bring a drug — or a New Molecular Entity (NME) — to the market.” It’s a high cost, and then there are the costs related to the failed drug trials to factor in as well. Eventually, you and I pay for it all.

But AI has potential to perform a role in small molecule drug discovery, and we need to understand its potential and its limitations, especially in relation to the way that the pharma giants have traditionally gone about finding new drugs.

Zhavoronkov comments: “The process of small molecule drug discovery includes several steps: the scientists form a disease hypothesis, identify a target, design a molecule and then conduct pre-clinical studies takes on average five years and may cost hundreds of millions of dollars.” Then it takes another five years of clinical development and testing phases, which mean more expenditure.

AI might look like the perfect solution to reduce costs, and with all the Big Data available, surely it can help pinpoint marketable drugs. But, Zhavoronkov says:“Despite the many advances in technology that have led to major disruptions including mobile and personal computing, the Internet, and genome sequencing, the cost to develop a drug is steadily increasing.”

The pharma sector apparently remains sceptical about its uses: “they prefer to incrementally develop internal capabilities across the entire spectrum of the drug discovery process instead of making big bets on specific enabling technologies.”

Zhavoronkov remains optimistic about the future of AI in pharmaceuticals, and identifies the key to its success as “a massive integration of the systems used to identify biological targets, systems that help design novel molecules, and systems that personalize the treatments, and predict the clinical trials outcomes.” As he concluded that “The recent COVID-19 pandemic demonstrated the impotence of today’s traditional and AI-powered approaches, as seen when attempts to repurpose other drugs to treat Covid-19 did not really produce any promising candidates, and a “lot more work needs to be done in AI and laboratory automation to significantly accelerate drug discovery.”

7 Trends of the 4th Industrial Revolution?

Things are moving fast in our world, with technology leading the transformation of businesses, job and society generally. The next decade is going to define the latest Industrial Revolution and there are a number of technology trends that are playing a core role.

Artificial Intelligence

Artificial intelligence (AI) and machine learning refer to the ability of machines to learn and act intelligently. We are already using it at home as Amazon presents us with products we might be interested in based on previous purchases. But it is going to get even bigger, and we will see it carry out a wide range of human-like processes, such as seeing (facial recognition), writing (chatbots), and speaking (Alexa).

The Internet of Things

This refers to everyday devices and objects that are connected to the Internet and which gather and transmit data. We have smartphones already, but soon we will have smart fridges, and smart everything.

Big Data

This is all about the explosion in the amount of data that is being generated as more ‘thing’s and services are digital. By analysing masses of data with intelligent algorithms, companies can identify patterns and relationships that they couldn’t see before, allowing them to offer more personalised services.

Blockchain

Although blockchain has been around since 2009, it is still expanding and changing its uses beyond cryptocurrency. Expect to see blockchain being used for storing, authenticating, and protecting data, and transforming banking.

Robots

Robots are intelligent machines that can understand and respond to their environment and perform routine or complex tasks by themselves.

We will see more Cobots in the next few years. These enhance the work that humans do and interact safely and easily with the human workforce. They are your new work colleagues!

5G Networks

5G is the fifth generation of cellular network technology, and it will deliver much faster and more stable wireless networking. It is necessary for all the ‘smart’ things we’re going to have, as mentioned above.

Quantum Computing

Quantum computing will make our current systems look as though Fred Flintstone used them. It will completely redefine what a computer is, and is bound to be a game changer in the world of AI.

The Ultimate Resource List for Bitcoin and Cryptocurrency Traders in 2020.

Over the last few years, the world of DLT and cryptocurrencies has literally exploded with new projects, tools, and platforms for traders and other crypto-fanatics to use and enjoy.

This is not just another resource list — it’s a BIG list of over 300 different resources pulled from across the cryptosphere, including trading tools, movies and books, various online communities, and the very best places to get news and information.

Most importantly, it’s current and up-to-date for 2020, and doesn’t include sites that are longer live. I made it in the hope that anyone working in the cryptosphere, or simply interested in it, would find it valuable.

So, here it is…

📰 News Sites

  • 📰 CoinDesk — CoinDesk is a global media platform in digital currencies with over 17 million users on a monthly basis.
  • CCN — Provides all the latest cryptocurrency news on a global scale. Monitors and keeps a check on cryptocurrency scams.
  • Decrypt Media — Media platform covering all the latest news about technology, business, art, education, etc.
  • Messari ­– Information on the latest data, news, and research. BTC Dominance: 66.21%
  • NEWSBTC — News on all the presently-trading cryptocurrencies.
  • Null Tx — Started in 2014. All the latest updates about the cryptocurrency world and educational content.
  • Bitcoin Magazine — One of the oldest sources for cryptocurrency news. Providing the latest and accurate cryptocurrency data since 2012.
  • Bitcoinist — Covers news about blockchain, cryptocurrency, bitcoin and other tech news.
  • Brave New Coin — Started in 2014. One of the leading research and data companies.
  • Bitcoin Price — Cryptocurrency news and analysis through regular newsletters.

💬 Forums

  • 💬 Emerging Technology — Futuristic New Forum for discussions and earning money with Crypto, Blockchain, AI, VR, 3D Printing, Drones and more.
  • Cryptocurrencytalk — Over 70,000 users and 79,000 high-quality videos on cryptocurrency.
  • Bitcointalk — Available in multiple languages, created by Satoshi Nakamoto.
  • Cryptorum — Around 70 threads available. Educational forum on cryptocurrency.
  • Master of Crypto — One of the latest forums on cryptocurrency with over 3000 members.
  • Ethereum — Over 33,000 posts and 3.60 million views.
  • Steemit — The first global social network in the cryptocurrency sector.
  • Litecoin Talk — Founded in 2011. About 1440 views and over 17.5 thousand users.
  • Dash Forum — One of the most popular forums with over 322,800 viewers monthly.
  • Medium — Informative and detailed articles on cryptocurrency. Over 60 million members.
  • Stack Exchange — Q&A based. Includes multiple sub-sites.

📢 Blogs

  • 📢 Cryptocoinsnews — Subscribe to the Cryptocoinsnews’ daily newsletter for all sorts of latest and reliable news on cryptocurrency.
  • Reddit Cryptocurrency — Provides a global platform for millions of people to discuss the latest cryptocurrency news.
  • ET Content Center — Coverage of a wide range of topics relating to new, cutting-edge technologies.
  • Cryptoverze — Modern website that posts cryptocurrency news frequently.
  • The Crypto Updates — All the latest news on a daily basis. Unique “Scams” section for all updates on crypto scams and frauds.
  • XTRgate — one of the oldest cryptocurrency blogs. User-friendly blog.
  • The Bitcoin News — Provides shorter and accurate news. Has over 67,000 followers on Twitter.
  • Ethereum Blog — Latest updates and news, announcements on Ethereum.
  • Use The Bitcoin — One of the fastest growing cryptocurrency blogs. Over 570,000 views on a monthly basis.
  • The Crypto Hero — Suitable for newbies in the world of cryptocurrency.
  • Week In Ethereum — Provides news on a weekly basis.

🚀 Exchanges

  • 🚀 PrimeXBT — Leading Crypto Platform for Margin Trading. Up to $2B each day in Global Trade.
  • Coinmama — Available in most countries. Includes litecoins, ethereum, bitcoins, etc.
  • Coinbase Pro — Affordable fees. It is run by Coinbase.
  • Local Bitcoins — Over 10 million users per month.
  • OkEx — Reliable platform for cryptocurrency exchanges.
  • Luno — Includes exchange of Ethereum and Bitcoin.
  • Binance — Based in Malta. Low fees: 0.05% per trade.
  • Change Now — Includes over 200 cryptocurrencies. Also supports USD/EUR.
  • Kraken — Has in the community of cryptocurrency for almost ten years.
  • KuCoin — KuCoin provides mobile applications both for iOS and Android.
  • Bittrex — Includes several coins. Ease of use.

👩‍🚀 Medium Channels

  • 👩‍🚀 Brain Armstrong — Co-founder and CEO of Coinbase.
  • Coin and Crypto — All the information you need on Cryptocurrency is available on Coin and Crypto.
  • Linda Xie — One of the most influential women in the community of Cryptocurrency.
  • Crypto Oracle — Interesting and new cryptocurrency content written by experts.
  • Alexandr Nellson — Tutorials and basic news on cryptocurrency. Widely famous among newbies.
  • Stefano Bernardi — Editor and Writer of Token Economy Publication.
  • Cryptolinks — Diverse views and contents about cryptocurrency.
  • Niklas Goeke — Editor at The Crypto Times.

🗣️ Telegram Channels

  • 🗣️ Crypto Samurai — Most relevant and genuine news on cryptocurrency. Over 3000 users.
  • Crypto Charters — Meant for advanced analysts and traders. Specializes in Bitcoin analysis.
  • UK Crypto — Provides information about the Technical Analysis as well as Fundamental Analysis.
  • Crypto Shuttle — Some of the most accurate and up-to-date news on cryptocurrency and market situations.
  • Cointelegraph — One of the most popular publications regarding cryptocurrency.
  • DeCenter — Over 75,000 subscribers. Publishes the latest news daily.
  • ForkLog — Consists of fun features like interviews and flashcards. It has about 44,000 subscribers.
  • Whale Tank — Has a total number of over 38,000 subscribers. All sorts of cryptocurrency market updates.

🗞 News Aggregators

  • 🗞 CryptoPanic — Offers excellent features like a search bar, sidebar, polls, etc.
  • Coinna — Brings together cryptocurrency news from popular platforms likes Finance Magnets, Bitsonline, etc.
  • Ccowl — Useful information on relevant cryptocurrency news and price updates.
  • CoinLib — This has a unique feature where it can track a portfolio. Check out the best cryptocurrency market prices at CoinLib.
  • TodayOnChain — Includes cryptocurrency as well as blockchain.
  • CryptoControl — More suitable for professional traders and crypto enthusiasts.
  • CoinLive — International cryptocurrency news and market analysis. Beneficial for new crypto traders.
  • FAWS — Along with excellent content on crypto news, FAWS has other cool features like Portfolio tracker, Altcoin price checker, etc.
  • CryptoViral — Brings news and updates from Reddit and Twitter.

📈 Price Trackers

  • 📈 CoinMarketCap — Provides Top 100 list cryptocurrencies based on market capitalization.
  • Coincap — Real-time cryptocurrency price tracker.
  • Intrinio — Includes over 1000 cryptocurrency markets and provides real-time data.
  • Coin Tracker — Minimalist feature with accurate cryptocurrency prices and data.
  • TokenTrax — Combination of digital currency and digital wallets. Mobile-friendly price tracker.
  • Gem — Compatible on iOS and Android.
  • Delta — Over one million users.
  • Mammon — Over 700 latest cryptocurrency price data. Customizing options available.
  • Bitdec — User-friendly. Comprehensive price data.
  • Coinbase — Real-time price data charts. Provides transactions for ethereum and bitcoin.

🗯 Chat Groups

  • 🗯 Enhanced Investor — Active chat room with thousands of cryptocurrency enthusiasts.
  • Whaleclub — Around 3000 users. Easy to join and one of the largest Bitcoin group.
  • Blockfolio — This chatroom was founded by well-known investor, Masternode.
  • The Coin Farm — About 2000 members. Updates on altcoins.
  • Mycryptopedia — Reliable trading signals for BitMex as well as Binance.
  • WhaleTank — More than 38,000 subscribers. 24×7 support system.
  • CryptoCurrency — Official Discord platform on Reddit. Active community interactions.
  • Spacestation — One of the most active chat groups. Separate chatroom for Ethereum.
  • Crypto Rand — Over 200,000 followers on Twiter. Public Charts and Discussions.

💭 Other Communities

  • 💭 Bitpam — User-Friendly community.
  • Dogecoin — One of the most active cryptocurrency communities.
  • TRON — It was founded in 2014 by Justin Sun. Over two million people.
  • Crypto Aquarium — Blockchain community.
  • /r/BTC — It is an open community platform for various cryptocurrency discussions.
  • /r/EthDev — Ethereum Development and DApps.
  • Altpocket — Manage and monitor cryptocurrency investments.
  • Coinspeaker — Includes major cryptocurrency topics and discussions like tech wraps, market updates, etc.

🎯Jobs Sites

  • 🎯CryptoJobs — Top site for blockchain jobs.
  • Coinality — Open and free of any charge.
  • Coindesk — One of the top global digital media platforms.
  • Cryptogrind — Freelance crypto currency job site.
  • Be In Crypto — It is a cryptocurrency job site as well as a crypto aggregator.
  • Angel List — Thousands of cryptocurrency job opportunities for potential cryptocurrency enthusiasts.
  • Cointelegraph — Includes latest news and updates on cryptocurrency.
  • Blocktribe — Easy to use, user-friendly platform. Updated crypto jobs daily.

🔒 Hardware Wallets

  • 🔒 Ledger Nano X — Ease of use. Compatible with Android, desktop computer, and iOS.
  • TREZOR T — Released in 2018.
  • TREZOR One — Small-sized. Bitcoin hardware wallet.
  • KeepKey — Large Design. No external exchange for trading cryptocurrencies.
  • Bitfi — Founder — John Mcafee.
  • BitLox — User-friendly hardware wallets for cryptocurrency.
  • CoolWallet — Functions like a credit card.
  • Ledger Nano S — Includes nine cryptocurrencies along with Bitcoin.

🔗 Software Wallets

  • 🔗 Electrum — Specializes in Bitcoin. Over 100 users. Open source.
  • Jaxx Liberty — Supports Das, Bitcoin, Litecoin, etc. Mobile version available.
  • CoPay — Desktop compatible crypto wallet.
  • BRD Wallet — Direct connection to bitcoin networks. High-security wallets.
  • Atomic Wallet — Over 300 cryptocurrencies. Reliable source.
  • Infinito Wallet — Faster Transactions on global scale. Includes several cryptocurrencies like Neo tokens, Bitcoin, Litecoin, etc.
  • Armory — Compatible with Mac, Linux, and Windows. Tight security system.
  • Freewallet — Inbuilt cryptocurrency exchange options available. Works on iOS, Andriod, and other online platforms.
  • Guarda Wallet — Includes more than 10,000 tokens and 40 well-known blockchains.
  • Coinpayments — Digital cryptocurrency wallet. Open and cost-free platform.
  • Nexo Wallet — Best software wallet for Nexo tokens.
  • Copay Wallet — Created by Bitpay. One of the most popular wallet based on bitcoin cryptocurrency.

📊 Altfolios

  • 📊 Ripple (XRP) — Real-time network on a global scale. Market cap: $9.2 billion.
  • Monero — Open Source. Founded in 2014
  • Cardano — Digital transfer of funds. Over $2.40 billion market capitalization.
  • Stellar — Founded by Jed McCaleb.
  • Tether — Digital Fiat Currencies. Started in 2014.
  • Libra — One of the most popular altfolio cryptocurrencies.
  • NEO — Crypto currency based in China by Da Hongfei. Neo is called as “Chinese Ethereum.”
  • EOS.IO — Latest digital cryptocurrency. Created by Dan Larimer.
  • ACrypto — Detailed and Informative. Charts available for altcoin prices.

🛠 Useful Tools

  • 🛠 CoinTracking — Manage your cryptocurrency portfolio.
  • 3Commas — Multiple features. Includes trading exchanges in Bittrex, Poloniex, Binance, etc.
  • Bitfinex — Unique Cryptocurrency information and exchanges.
  • Shrimpy — Manage cryptocurrency investments. Minimization of risks.
  • CoinMarketCal — Cryptocurrency Market Calendar. Detailed and latest Information on Cryptocurrency.
  • Trading View — Precise and real-time market and cryptocurrency charts.
  • BitMEX — Based in Hong Kong. Monitor trading exchanges like Coinbase pro and Binance.
  • Coinigy — Over 45 exchanges. One of the most popular trading platform.
  • BitcoinVisuals — Latest and accurate bitcoin information and news.

📺 YouTube Channels

  • 📺 DataDash — Hosted by Nick. 5/5 Trust score.
  • Doug Polk Crypto — Latest news on cryptocurrency data and events.
  • Crypto Daily — Over 20,000 subscribers. Daily dose of Crypto news.
  • Crypto Crow — News and Updates on Cryptocurrencies, blockchains, and ICOs.
  • BoxMining — Crypto Tech news.
  • Digital Gold — Tech news and updates on Mining.
  • Crypt0 — Latest updates and news, and opinions about cryptocurrency.
  • The Crypto Analyst — Provides all the information on cryptocurrency and blockchain with consistent updates on current market.
  • Cryptosomniac — Updates on cryptocurrency news and trading. Educational Crypto content.
  • Crypto Gnome — Includes talks about bitcoin, litecoin, and several other crypto currencies.
  • CryptoBud — Over 25,000 subscribers. Information on ICOs, analysis, interviews, etc.
  • Coin Bureau — The fastest growing YouTube channel which offers amazing educational videos for newbies.
  • Crypto Love — Run by a former NASA employee, Randall, which provides all the information you need to know about Bitcoin.
  • The Crypto Vaper — Run by Lee, a cryptocurrency enthusiast with great cryptocurrency videos.

📽 Movies and Documentaries

🐥 Twitter Channels

  • 🐥 Cointelegraph — Different opinions and latest updates on every aspect of Cryptocurrencies.
  • PhilakoneCrypto — Technical analysis. Exciting challenges available on trading.
  • Cryptomanran — Account handled by Ran Neu-Ner.
  • CoinDeskMarkets — Crypto currency analysis and news.
  • Cryptodemedici — Financial crypto charts and Tech news.
  • Cz_binance — Handled by one of the well-known names in the crypto community, Changpeng Zhao.
  • Blocksdecoded — Educational cryptocurrency content.
  • VentureCoinist — Daily news on crypto charts and tech analysis.
  • Rogerkver — Twitter account of Roger Ver who is a Bitcoin Investor
  • VitalikButerin — Creator of Ethereum and one of the biggest accounts on twitter which is related to cryptocurrency
  • Laurashin — The cryptocurrency expert for Forbes Magazine
  • AriDavidPaul — Provides information on all the legal aspect of cryptocurrency

👥 Facebook Groups

📚 Books

📖 Courses

💰Bitcoin/ Crypto Faucets

  • 💰BonusBitcoin — Works through CoinPot. Coin multiplier.
  • TimeForBitcoin — Claim Satoshis every five minutes with TimeForBitcoin.
  • Blockchain poker — Cash game, played with real bitcoins. Minimum withdrawal — 100k
  • FreeBitcoin — Founded in 2018. Coins sent to Bitcoin Wallets.
  • SatoshiLabs — Claim around 15 Satoshis per five minutes. Increase claim amount with this faucet.
  • Crypto Mining Game — One of the strongest crypto faucets.
  • BitFun — One of the best cryptocurrency faucets out there.
  • Eobot — Mining service with great faucet features.
  • MoonBitcoin — User-friendly.
  • Cointiply — Claim up to 200 Satoshis every hour. Founded in 2018
  • Bitcoinker — weekly payments. Minimum withdrawal — 20k Satoshis.
  • CoinFaucet — Ripple Faucet. Founded in 2017.
  • EarnCrypto — Crypto earnings without any investments.

↔️ APIs

💻 Blockchain Development Resources

  • 💻 Mist — Full node wallet. Created by Ethereum.
  • Cakeshop — Local Blockchain Development.
  • Embark — Includes IPFS, EVM blockchains, Orbit, and Whisper.
  • Geth — Based on GO programming language. Create smart contacts, mining, tokens, etc.
  • Dot-abi-cli — Increase commandline tools. Custom CLI. Smart Contracts
  • Truffle — Ethereum’s blockchain. Develop complex smart contracts and dApps.
  • cava — Library to help in the development of blockchain.
  • Solidity — Write Smart Contracts with Solidity. Specializes in EVM.
  • Remix IDE — Create solidity contracts. Increased IDE functionality.

⌨️ Other Developer Resources

  • ⌨️ Bitgur — Market price charts. Cryptocurrency Performance reports.
  • Chainpoint — Easy to use. Strong CLI Interface.
  • Sifr Data — Analysis and Simulations on crypto currency.
  • Into TheBlock — Best for both long-term and short-term crypto investors.
  • Ganache — Includes private explorer. User-friendly.
  • CoinCheckup — Monitor and analyze all your cryptocurrencies. Investment statistics, charts, etc.
  • PeerName — Includes Litecoin, Ether, Bitcoin, etc.
  • BTCPay Server — Open-source. Accept and make payments.

📡 Podcasts

⛏ Mining

  • ⛏ RavenCoin — Developed in 2018, and provides high liquidity.
  • Ethereum Classic — High inflation but provides one of the most profitable cryptocurrency.
  • DASH — One of the fastest and most secure transactions.
  • Monero — One of the most reliable with amazing anonymity level.
  • Bitcoin Gold — Created mainly for the purpose of GPU mining.
  • ZCash — Made available in 2016 which allows you to make anonymous transactions
  • Grin — One of the latest crypto currency with excellent privacy.
  • Dogecoin — One of the most popular cryptocurrencies with a market cap of $219 million.
  • Hashr8 — Software made for miners, by miners to increase efficiency.