Analysis: Strong Currency Will Reduce Bitcoin's Strength

2020-8-23 07:51
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Analysts attributed the recent bitcoin rally to a weaker U.S. dollar after a major bitcoin correction on Black Thursday, Cointelegraph reported. After the rally, the relationship between Bitcoin and gold strengthened to a one-year high at 0.93, analysts on the Kraken exchange wrote. The COVID-19 virus is spreading everywhere, increasing government spending, financial problems and a weak dollar have moved markets to safer areas. Exchange, if the money comes back and starts the competition, the likelihood that Bitcoin will enter the consolidation phase increases. Crypto trader Scott Melker has said that the relationship between Bitcoin and the US currency is more beautiful than its connection to the stock market. Since April, the US dollar has underperformed against major currency reserves such as the Japanese yen, and if the US dollar was able to support a strong recovery, Bitcoin would have a negative impact.

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Opinion: Research shows that the hypothesis that Satoshi Nakamoto is a person and not a team is more reliable.
The Cointelegraph reported in an August 23 article that the study found Satoshi Nakamoto to be more of a person than a church. According to a new study by Patoshi's mining model researcher Sergio Demain Lerner, Satoshi Nakamoto is slowly reducing the value of the nuncio. Remining has shown that Patoshi's exploration algorithm prefers to select more nonces when analyzing internal nonces. This model shows that the nonces are reduced, unlike the Satochi client version 0.1. That is, when the two sub-ranges are identified together, the difference between the odd numbers is reduced, indicating that Patoshi is scanning five sub-ranges in parallel, but each sub-range is an internal observation. . This influences the idea that Patoshi sent the first mining farm of 50 independent computers and reinforces the idea that Patoshi only uses multiple high-end processor threads. If Lerner's thought was correct, it would make Satoshi Nakamoto seem like a person and not a church. This is also the cause of Craig Wright, who repeatedly said that he used several computers for my first blocks.
2020-8-23 06:45