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
Ghash.io was launched in July 2013 and last year gained some notoriety through its success: In June 2014. it briefly gained control of 51% of the entire bitcoin network. This majority control is arguably the biggest threat to bitcoin, and demonstrates the power of miners when they get too large it could have rewritten the blockchain however it saw fit, potentially fatally unstabilising the ... Bitcoin's price rose to $755 on 19 November and crashed by 50% to $378 the same day. On 30 November 2013 the price reached $1,163 before starting a long-term crash, declining by 87% to $152 in January 2015. On 5 December 2013, the People's Bank of China prohibited Chinese financial institutions from using bitcoins. The first Changelly prototype was created as a startup in 2013 by the team of MinerGate, a bitcoin mining pool. In 2014, Changelly was developed as an independent exchange service with a separate team and CEO, Konstantin Gladych. In 2016, after major technology updates, Changelly was redesigned and released on the International Day of Human Space Flight. On the 1st September 2018, Konstantin ... — CZ Binance (@cz_binance) November 1, 2019. De prominente ondernemer keek naar China dat net blockchain technologieën heeft omarmd. Veel analisten verwachten een positief effect op gedecentraliseerde cryptocurrency’s en blockchains zoals Bitcoin en Ethereum. Blockchain zou zomaar de gateway drug naar bitcoin kunnen zijn. Two people have been charged in the U.S. for allegedly using "a sophisticated market manipulation scheme" to defraud and steal $17 million in bitcoin and ether from users of three cryptocurrency ... Im November 2013 lag der Kursanstieg für eine virtuelle Münze bei 1.000 USD. Allerdings kam es seit Anfang 2014 zu einem Kurseinbruch. Im Jahr 2015 lag der Wert für ein Bitcoin schließlich nur noch bei 250 $. Allerdings begann der Kursverlauf gegen Oktober wieder zu steigen. NXT coin ist ein Open-Source-Kryptowährungs- und Zahlungsnetzwerk, das im November 2013 vom anonymen Softwareentwickler BCNext gestartet wurde. Nextcoin verwendet einen Nachweis über den Einsatz, um einen Konsens für Transaktionen zu erzielen - als solche gibt es eine statische Geldmenge und im Gegensatz zu Bitcoin kein Mining.NXT wurde speziell als flexible Plattform konzipiert, um ... The Bitcoin Cash blockchain is set to upgrade on Sunday, November 15 and it's still expected that the network will bifurcate. So far, a number of crypto services have revealed contingency plans ... Bitcoin weekoverzicht: Venezuela, Argentinië, India, Binance en koers daalt . Geen tijd gehad om het cryptonieuws te volgen deze week? Geen zorgen, onze vrienden van BLOX maken elke week een video van zestig seconden om je bij te praten. BLOX is de nieuwste gratis crypto app voor iOS en Android. Volg de koersen van de bekendste cryptocurrency zoals bitcoin, ether en XRP. Vind je het een mooi ... Nucleus Vision ist das weltweit erste Projekt, das die kontaktlose Identifizierung von Benutzern durch die Blockkette auf der Grundlage von IOT (Internet of Things) ermöglicht. Einzelhandelsgeschäfte können ihr Einkommen erhöhen und kundenorientierter werden, indem sie persönliche Informationen über den Benutzer und seine Kaufhistorie verwenden.
[index]          
Exploring the revolutionary Bitcoin digital currency. It doesn't need banks or to be printed. It can be transferred in a second to anywhere in the world. With g... The first halving occurred on November 28th 2012 when one BTC was worth around $11. A year later, bitcoins price surged to $1,100 in 2013, a price never before seen with Bitcoin. 100x Growth! Bitcoin Crashing. Before You Do Anything Watch This Video. [Stephen Colbert Video 2013] Before You Do Anything Watch This Video. [Stephen Colbert Video 2013] - Duration: 11:47. Binance Altcoins https: ... #Bitcoin #BTC #Crypto. Loading... Advertisement Autoplay When autoplay is enabled, a suggested video will automatically play next. Up next The Bitcoin Oracle davincij15 ... This Line Is Critical For Bitcoin + Binance Scandal Altcoin Daily. Loading... Unsubscribe from Altcoin Daily? Cancel Unsubscribe. Working... Subscribe Subscribed Unsubscribe 161K. Loading ... You can no long do wire transfers to Mtgox from citibank. http://bitcoinviews.com/citibank-will-no-longer-process-any-transfers-to-mt-gox-due-to-association-... After the first Bitcoin Halving in November 2012 the price of Bitcoin crashed more than 80% a couple months later. How likely is such a Bitcoin dump after th... BUY A Ledger Nano S To Keep Your Crypto Safe! http://www.ledgerwallet.com/r/f99b OPEN An Account With BINANCE! https://www.binance.com/?ref=13582270 Want to learn the crypto strategy that PASSIVELY turned $5,000 into $83,640? Read this FREE case study: https://moneyauthority.io/ Invest in the best performing cryptocurrencies on autopilot with ... November 28th 2013 Bitcoin hit $1000, and on November 28th 2017 Bitcoin hit £10,000 per coin. This is all of the market data over those years taken from Bitstamp.