Second-price auctions are incentive compatible. This means that, unlike the highestGrayscale Bitcoin Trust price auction, the second price auction does not require bidders to remain strategic. Instead, you should be "honest" and give any price you find worthwhile. After all, if your bid proves to be too high, you don't have any costs-if you win, no matter how high you bid, you will get the auction item at the next price. Therefore, you don't need to guess how much other people will bid, or try to be smarter than them.
According to Mitchell's definition, modern monetary theory has laid the foundation for the global economy. However, due to the spread of modern media, the well-known and sensational part of modern monetary theory seems to show that the country needs to increase debt to solve more macro problems.
Moreover, in the end, the over-issue of currency will trigger inflation. Not only will it lead to inflation, it will also exacerbate economic inequality. After the US dollar is over-issued, the income of the richest people will grow faster, because the rich hold various assets (1% of Americans own 50% of American stocks), while ordinary people and poor people have fewer assets. Or there is only a small amount of cash, and these cash depreciation as the US dollar is over-issued, and assets appreciate because of the release of water, the income of most groups decreases and the income of a small number of Americans increases. This situation will exacerbate the gap between rich and poor in the United States.
Joel Monegrosucinctly of Placeholder outlined the main stakeholders of the decentralized network in his article "Cryptographic Economy Circle": "The model describes the relationship between miners (supply side), users (demand side) and investors (capital side). The three-party market. Miners choose to join the consensus agreement and coordinate their resources to provide network services in a decentralized manner, users use services, and investors promote exchanges while capitalizing the network.”
Bitcoin whale refers to users who hold large amounts of coins in the crypto industry. They are retail investors or institutions that control a large number of bitcoins. As the name suggests, the whale is the largest fish in the bitcoin ocean. There are various types of whales in the market, such as BTC whales, ETH whales and BCH whales. BTC whale refers to retail accounts or institutions (single address) with 1,000 Bitcoins and above. At the time of writing, users holding around 1,000 bitcoins are defined as little whales. There are even giant whales holding 10,000 Bitcoins, and now there are 3 addresses with BTC between 100,000 and 1,000,000. Holding 100,000 BTC at today's price is equivalent to approximately US$7.3 billion. In December 2018, there were 5 addresses holding 100,000 BTC; as of February 2019, this data remained unchanged, with only 5 addresses holding 100,000 BTC.
The twGrayscale Bitcoin Trusto main settlement units of Bitcoin are the U.S. dollar and USDT (actually can be understood as RMB). In the current market, the main exchanges settled in US dollars are Coinbase of the United States, which allows users to directly use legal currency to recharge. Other major exchanges usually settle in USDT, such as Binance, Huobi, OKEx, etc., all of which are currency transactions, which need to be converted into USDT over the counter (OTC) and then deposited in the exchange. Chainalysis reported that due to the influence of the environment and other factors, 99% of the spot Bitcoin transactions in the region are settled by USDT. USDT is the main channel for RMB deposits and withdrawals, that is, the main trading market for USDT.
The founder tokens of Block.one will be released in the next 10 years. Before that, these tokens could only be used in the network, and voting was one of the options. They can only vote once, because after voting, all tokens will remain locked, which means they can only choose to vote all of the tokens or choose not to vote.
"Stablecoin is a stage of development." said Liu Ming, the founder of Bitcoin Pizza, who was contacted by Blocklike. "Currently, stablecoins are needed for everyone to deposit funds, but this thing has always been problematic. It can only be developed in disputes. Later, compliant transactions. It gradually increases, and it should withdraw from the stage of history."