milton669

[milton669]

Thirteen years ago, on October 31, Bitcoin was introduced to the world. Has it Delivered on its Promise?

From all the spinoffs and into the ETH network of smart contracts and now NFT's. It's insane what BTC has accomplished in such a short amount of time.

” The short answer is – Absolutely Yes. “

“There’s a lot of hype about Bitcoin – but these two things are true.

Many people use Bitcoin. Since its launch in 2009, more than 76 million people worldwide have used Bitcoin.

Most investors have no idea how it works. One survey says that only about 17% of crypto investors “fully understand” their investment. In contrast, more than 33% have almost no idea how it works. This is not surprising since 40% of all crypto purchases come from new investors.”

The article does a nice job at summarizing the last 13 years BTC has persevered through. Lets celebrate on this amazing birthday.

[milton669]

If Bitcoin drops to $5000 USD today will you buy a ton of them banking on the fact that it will go up again?

[milton669]

We don't see BTC down 50% any more

Between 2013 and 2015, BTC dropped 83% when it reached $1.1K, and between 2017 and 2018, BTC dropped 83% when it reached 20K. But notice that from 19-20 and 20-21, the decline of BTC after reaching its peak was 61% and 54% respectively.

What does that mean? This means that BTC will become more valuable, more institutional and less volatile as markets expand and institutions enter.

[milton669]

Back Again: Third-Largest Bitcoin Whale Bought $37 Million in BTC

After staying on the sidelines for a few weeks, the third-largest Bitcoin whale has purchased another sizeable chunk of BTC. One of the largest BTC whales has resumed its accumulation appetite by buying more than $37 million worth of the primary cryptocurrency. This comes after a few weeks of untypical silence. CryptoQuant’s analyst going by the Twitter handle VentureFounder outlined the most recent purchase earlier today. As the address associated with this whale shows, they bought 596 bitcoins at an average price of $62,934. This means that they spent just over $37.5 million in total. Interestingly, this purchase comes after a lack of serious activity in the past few weeks.Previously, the whale made multiple purchases and sales in accordance with BTC’s price movements. 3rd-Largest Bitcoin Whale Address Activity. Source: Twitter 3rd-Largest Bitcoin Whale Address Activity. Source: Twitter For example, they sold substantial portions when the cryptocurrency surged above $60,000 in They began to reaccumulate when the asset lost half of its USD value in the following months. Most recently, they sold some bitcoins at $56,000 earlier this month before repurchasing them a day later at a higher price. It’s worth noting that the current rally, which saw BTC going from $40,000 at the end of September to a new ATH at $67,000 last week, was mainly caused by such whales making large purchases, at least according to on-chain data.

[milton669]

What is IPFs? What is the future of IPFs?

To understand IPFS, we must first know what HTTP is, because the emergence of IPFs is iterative http.

I think everyone is familiar with HTTP. When we need to open a website to search and download some information, we use HTTP. It is the underlying hypertext transfer protocol. It has been 25 years since it was released in 1996. Its contribution to the world is obvious to all. But with the passage of time, people gradually found his shortcomings. His operating principle is to centralize all data on a central server. The server must be on for 24 hours. The load pressure is extremely high, which is easy to cause system crash and vulnerable to DDoS attacks. Once the above problems occur, data loss and irreversibility will occur. I believe that when you search a 404, it means that the data is lost, deleted or maliciously tampered with.

It is for this reason that the world's smart brains began to collide with each other. In May 2014, Juan benet, who graduated from Stanford University with a master's degree in computer science, founded the protocol laboratory. Protocol laboratory is a laboratory for researching, developing and deploying network protocols. It is committed to building protocols, systems and tools to improve the way the Internet works, and focuses on how to store, locate and transmit information. Its goal is to solve the shortcomings of the traditional Internet through new technology, good user experience and open source, and IPFs was born.

IPFs is translated into Chinese as "inter planetary file system", which is a basic point-to-point hypertext file transfer and storage protocol. Simply put, HTTP puts eggs in a big basket, while IPFs puts eggs in baskets all over the world.

The purpose of IPFs technology is to solve the above disadvantages by iterative HTTP technology. IPFs stores files in multiple nodes close to users, and the storage is fragmented. Traditional DDoS attacks are ineffective, files are safer, the closer the distance, the faster the download speed, and the storage cost will be reduced. More advanced, due to the use of blockchain technology, the historical version can be traced back and theoretically can be permanently preserved. Therefore, the emergence of IPFs is iterative HTTP, which has more advanced technology, lower cost and more convenient operating conditions.

Over time, IPFs technology has been used in many applications around the world. Internet giants are deploying IPFs abroad, such as Google, Microsoft, Oracle, Amazon, Facebook, Huawei, Alibaba, Tencent, JD, Baidu, etc., which also illustrates a problem. The global consensus on the value of IPFs is unified, because the emergence of this project is to replace HTTP, that is, to provide mankind with safer, more efficient and cheaper storage technology. Data is an important cornerstone for recording the development of human civilization and a wind vane for the development of human civilization in the future. Without data, there is no future. With the rapid development of civilization and technology, the data generated is growing exponentially, and the data storage technology is also iterating, just as the technological revolution develops into the information revolution. IPFs is the future of data storage.

More good articles can focus on bloggers. Welcome to praise and exchange, or add blogger contact information. Scan the QR code below to add the corresponding contact information.

What is IPFs? What is the future of IPFs?

Let bloggers introduce IPFs today!

To understand IPFs, we must first know what HTTP is, because the emergence of IPFs is iterative http.

I think everyone is familiar with HTTP. When we need to open a website to search and download some information, we use HTTP. It is the underlying hypertext transfer protocol. It has been 25 years since it was released in 1996. Its contribution to the world is obvious to all. But with the passage of time, people gradually found his shortcomings. His operating principle is to centralize all data on a central server. The server must be on for 24 hours. The load pressure is extremely high, which is easy to cause system crash and vulnerable to DDoS attacks. Once the above problems occur, data loss and irreversibility will occur. I believe that when you search a 404, it means that the data is lost, deleted or maliciously tampered with.

It is for this reason that the world's smart brains began to collide with each other. In May 2014, Juan benet, who graduated from Stanford University with a master's degree in computer science, founded the protocol laboratory. Protocol laboratory is a laboratory for researching, developing and deploying network protocols. It is committed to building protocols, systems and tools to improve the way the Internet works, and focuses on how to store, locate and transmit information. Its goal is to solve the shortcomings of the traditional Internet through new technology, good user experience and open source, and IPFs was born.

IPFs is translated into Chinese as "inter planetary file system", which is a basic point-to-point hypertext file transfer and storage protocol. Simply put, HTTP puts eggs in a big basket, while IPFs puts eggs in baskets all over the world.

The purpose of IPFS technology is to solve the above disadvantages by iterative HTTP technology. IPFs stores files in multiple nodes close to users, and the storage is fragmented. Traditional DDoS attacks are ineffective, files are safer, the closer the distance, the faster the download speed, and the storage cost will be reduced. More advanced, due to the use of blockchain technology, the historical version can be traced back and theoretically can be permanently preserved. Therefore, the emergence of IPFs is iterative HTTP, which has more advanced technology, lower cost and more convenient operating conditions.

Over time, IPFs technology has been used in many applications around the world. Internet giants are deploying IPFs abroad, such as Google, Microsoft, Oracle, Amazon, Facebook, Huawei, Alibaba, Tencent, JD, Baidu, etc., which also illustrates a problem. The global consensus on the value of IPFs is unified, because the emergence of this project is to replace HTTP, that is, to provide mankind with safer, more efficient and cheaper storage technology. Data is an important cornerstone for recording the development of human civilization and a wind vane for the development of human civilization in the future. Without data, there is no future. With the rapid development of civilization and technology, the data generated is growing exponentially, and the data storage technology is also iterating, just as the technological revolution develops into the information revolution. IPFs is the future of data storage.

More good articles can focus on bloggers. Welcome to praise and exchange, or add blogger contact information. Scan the QR code below to add the corresponding contact information.

[milton669]

FIL prijsvoorspelling: is Filecoin een goede koop in oktober 2021?

Filecoin vertoont tekenen van toenemende acceptatie. Dit heeft het potentieel om de waarde van het FIL token te verhogen. Dit maakt Filecoin een solide investering in oktober 2021, met een potentieel om $100 te bereiken. Filecoin FIL/USD is een cryptocurrency die een wereldwijd netwerk van computeroperators stimuleert om opslag te bieden die een service voor het delen en opslaan van bestanden mogelijk maakt.

Deze Filecoin mijnwerkers worden gestimuleerd om opslagruimte beschikbaar te maken voor gebruikers door FIL tokens te ontvangen.

Zoekt u actueel nieuws, goede tips en markt analyses? Schrijf u vandaag in voor de Invezz nieuwsbrief.

De FIL tokens zijn de native cryptocurrency tokens die worden gebruikt om opslagruimte te kopen en gegevens op te halen van het Filecoin netwerk.

De talrijke Filecoin verbeteringen als katalysatoren voor groei Op 14 september kondigde Filecoin een verwijzingsprogramma aan voor zijn gebruikers dat nieuwe leden brengt met datasets groter dan 90 terabyte. Het netwerk bereikte in augustus 9.000.000 terabytes, met meer dan 3.000 systemen en opslagproviders die meer dan 400 applicaties bedienen.

Op 8 oktober heeft eToro Filecoin (FIL) en Polkadot (DOT) aan zijn platform toegevoegd.

Op 13 oktober deed Filecoin nog een aankondiging, waar ze een opslagsamenwerking met de Flow Blockchain van Dapper Labs aankondigden.

Dit is een service die gedecentraliseerde gegevensopslag voor Non-Fungible Tokens (NFT’s) tot stand heeft gebracht, naast de media die ermee verbonden waren.

Op 15 oktober daalde de dagelijkse release van Filecoin Tokens met 23,8% om een jaar te markeren sinds de lancering van het mainnet.

Moet u Filecoin (FIL) kopen? Op 19 oktober had FIlecoin (FIL) een waarde van $63,49.

Dat gezegd hebbende, om een beter beeld te krijgen van waarom sommige handelaren geïnteresseerd zijn in het token en om te zien welke tekenen het vertoont in termen van toenemende acceptatie en groei, zullen we het vergelijken met zijn historische waarde.

Filecoin (FIL) had een hoogste waarde ooit op 1 april toen het $ 236,84 bereikte. Vergeleken met de hoogste waarde ooit, op 19 oktober, was FIL 73% lager in waarde of $ 173,35 lager.

Laten we eens kijken naar de waarde van september, zodat we een beter beeld kunnen krijgen van wat er de afgelopen maand is gebeurd.

FIL begon sterk in september, met een waarde van $ 118,7 op 5 september.

De waarde van FIL daalde echter tot het laagste punt op 26 september, toen het token een waarde van $ 51,5 had. Hier kunnen we zien dat het token in waarde is gedaald met 56% of met $ 67,2.

Het momentum is echter te zien aan het feit dat het token van 26 september tot 19 oktober in waarde steeg met $ 11,99 of met 23%. Dit kan een van de belangrijkste redenen zijn waarom er de laatste tijd veel belangstelling voor is.

Met andere woorden, in dit tempo zouden we tegen eind oktober mogelijk kunnen zien dat FIlecoin (FIL) een waarde van $ 100 bereikt.

[milton669]

why Filecoin investors can look forward to increasing returns in the long run

The broader crypto market pumped over the past week. Top coins like Bitcoin, Etheruem and BNB have recorded upticks in the 10%-20% bracket and in effect, the global crypto market cap also managed to climb to new highs.

In the same weekly time window, however, a couple of alts haven’t really fared that well. Filecoin has been one such alt that hasn’t followed suit. That said, its value depreciated by more than 11% in the same weekly time window.

Thus, the question that remains unanswered now, is whether or not FIL’s inert trend would reverse in the foreseeable future.

Change in tune Well, despite the not-so-great short-term returns, the broader sentiment has gradually started to change, pointing out that the current downtrend might not be able to persist for long.

At the time of writing, it was noted that the funding rate curves of all major exchanges, including Binance, ByBt, and OKEx witnessed a notable change in  direction.

Their reign in the positive territory implies that the majority of traders are currently bullish. If the uptrend continues on the funding chart, FIL’s price would, most likely, react positively.

Filecoin’s Open Interest has additionally been getting back on track, with the same reflecting a cumulative value of over $350 million at press time. By and large, the rising numbers highlight the healthy speculative interest of market participants with respect to the 28th ranked alt.

Looking beyond the short run Well, one may argue that the market sentiment changes within minutes and isn’t usually decisive over the long run. Fair enough. To gauge the bigger picture, other factors need to be considered.

The state of the fundamentals, to a fair extent, provide a sort of guarantee to investors about the fate of the coin over the long term.

Let’s consider the development activity, for starters. On Github, Filecoin has over 162 repositories currently. Simply put, a repository contains all the files of a particular project along with their revised history.

From the snapshot attached below, it can be noted that the “storetheindex” repository was updated just -38 minutes ago while ‘lotus’ and ‘venus’ had last been updated a couple of hours ago.

This is essentially a sign that developers and other community members are actively contributing to the project on the development front.

Further, Filecoin also bagged a partnership with Flow recently and has now become its official storage collaborator. The aforementioned integration of technologies would accelerate the end-to-end ownership of NFTs and would further aid in the influx of new participants into Filecoin’s arena.

Additionally, Grayscale’s FIL investment vehicle now has over $5.9 million worth of Assets Under Management [AUM] when compared to August’s $5.5 million. This implies that institutional interest is also gradually brewing.

Thus, given the positive sentiment and the strong fundamentals, the downtrend on the price charts would not prolong. Participants who missed climbing onto the FIL bus can enter anywhere around the $60 level to relish the long-term gains.

[milton669]

Fil value and future, fil value forecast

Value: IPFs targets HTTP to build a distributed Web 3.0 and subvert the Internet industry. Today, IPFs cooperates with the world’s largest NFT market to apply IPFs; Announce the launch of Starling lab to build the framework needed to give mankind the most digital information trust. At the same time, filecoin provides continuous support to realize the landing of applications based on IPFs technology. The development momentum of IPFs is fierce, and fil, as the only token of IPFs, its value naturally rises.Future: the state has always attached importance to blockchain technology. On July 15, the Web3.0 China Summit will be held in Chengdu to help the construction of the national “digital computing in the East and digital computing in the west” network and share the development opportunities of IPFs. On July 5, 2021, the central bank encouraged banks and financial institutions to improve loan efficiency through blockchain and other scientific and technological means. This measure greatly improves the capital circulation rate, increases the revenue of bank loan interest rate, and also estimates the value of loan fil currency

Future price forecast of fil by major foreign institutions:

Digital coin price is estimated to reach US $346.32 before the end of the year and may rise to more than US $800 within five years.

Wallet investors believes that the price may hover around $199 by the end of this year and may rise to $500 within five years.

The longforcast economic forecasting agency (EFA) forecasts that the value will increase to $1227 within one year and may also rise to $2566 within five years.

Gray level fund directly increased its holdings of fil currency for the ninth time. As the most famous fund trust institution, the continuous increase of fil undoubtedly shows that it is very optimistic about fil. On the other hand, the admission layout of large institutions such as Huawei and Alibaba is IPFs. This shows that the value of fil is far more than the current $60.

[milton669]

Distributed storage changing the world

Protocol Labs (Protocol Labs) Protocol Labs Protocol Labs was established in May 2014 by Juan Benet, the inventor of IPFS and Filecoin. In the summer of 2014, joined the United States top incubator Y-Combinator. Protocol Labs released IPFS to the world in January 2015, and since then, IPFS has made great strides among industry organizations.  In 2016, IPFS became one of the most popular technologies in the blockchain industry, with thousands of developers calling it the "future of the Web." In the same year, the protocol lab also created libp2p, IPLD, multiformats, Orbit, and other projects. The project we are most looking forward to is Filecoin.  What does FIL have to do with IPFS?  IPFS Interstellar File System is a new kind of distributed, peer-to-peer hypermedia transfer protocol, which is used for the storage and transmission of data in Internet HTTP protocol. We know that blockchain itself is not suitable for storing large amounts of data. In today's Bitcoin blockchain, for example, running a single full node requires more than 250GB of storage and is growing at about 75GB a year. Again, Bitcoin blockchain can only record some simple transaction data as a prerequisite. Storing other types of data and files on a blockchain network is obviously very inefficient and costly.  IPFS is different from HTTP, IPFS uses others' idle hard disk, helps the user to store the file, the data material, is an open source protocol.  Filecoin, as the incentive layer for IPFS, is the real blockchain project. Filecoin’s primary role is to address “why would anyone else use their spare hard drive to store a customer’s files and data.”  Filecoin leverages the economic model of a blockchain: miners in a blockchain can get Filecoin by providing customers with storage; conversely, customers can hire miners to store or distribute data at the expense of Filecoin. Filecoin mainly provides a safe and credible reward and punishment mechanism for IPFS system to encourage people to participate in the ecological construction of IPFS. It can be said that IPFS and Filecoin are an interdependent relationship, and the departure of either party will make it difficult for the other to develop. IPFS main online today, the miners involved in the early has been back to this. The drop in prices affects output, but it slows the growth of overall computing power, makes more money available for absenteeism, and it is still in its prime. So the money they get is much more than the money they buy at current prices, and the profits grow in a linear fashion, which is very substantial later. Market Analytics 2021 forecasts that the maximum price of fil will reach 750U.