Bitcoin’s future: Paradigm shift ahead — mining Bitcoin is doomed
In Bitcoin the processing transactions of the peer-to-peer network and to pack that transactions in blocks, seal and timestamp them, and finally store them in a long blockchain is called mining. To ensure the highest security the Bitcoin inventor Satoshi Nakamoto wrapped that task in some kind of competition combined with a difficulty factor. The hashes needed to put that transactions in a block must start with a specific number of zeros. The more zeros needed the harder a hash value to find. This difficulty factor is adjusted every 2016 blocks in a way that the average time to find a block is around ten minutes. Depending on the global hashrate around every fourteen days the difficulty is adjusted. So far, so good.
But besides this primary function of confirming transactions the minting of new coins and bring them in circulation is also done in the mining procedure. That is where the term mining comes from, while in the original whitepaper it was not called so, but Satoshi Nakamoto compared the process with gold digging. In reality this is realized quite simple. Whenever a miner produces a potential version of a new block it starts with a transaction which rewards himself with a specific amount of bitcoin. If the block is correct and fulfills all requirements of a regulary block (in time, block height not already exceeded, difficulty okay, self-indulged reward height okay and so on) and several node accept it the creator will get his reward.
The reward rate is halfed approximately every four years. In the beginning you could get 100 Bitcoin per block, then 50, 25 and today you can still “find” 12.5 Bitcoin in a block.
Intermediate result: Mining has two purposes — a primary and a secondary one:
- Primary:Processing transactions, confirm them and produce a valid block
- Secondary:Minting new coins and bring them in circulation
Although the primary reason for mining is the by far more important one and the secondary one is just to incentivize nodes to play fair and provide cpu power to the network.
Once upon a time minting became mining
The rest is history — not a long one, but history. To make a long story short: Mining with CPUs became mining with GPUs, the difficulty level raised, Bitcoin became more and more popular, the exchange rate went up, as a single miner you could not afford mining anymore, pools combining their hash power were created, first decentralized, but then centralized structures popped out, ASIC were invented, hardware inventor and miners could barely keep abreast of the fast growing industry, centralization in China and northern Europe took part, the exchange rate exploded, the transactions fees also, and finally on Bitcoin’s exchange rate’s all times high the ongoing struggle about the scaling and general future of bitcoin culminated in a fork to an altcoin Bitcoin Cash (and as an altcoin sticking to the principles of “having your own money printing machines” in giant data centers (in China — or meanwhile other countries with cheap and dirty power) from the original Bitcoin. The groups , who Satoshi handled the baton over to, still takes up the cause of developing Bitcoin to a real currency and not a worldwide accepted commodity only.
DOOMED — you are all doomed!
The final amount of Bitcoin is limited to 2,100,000,000,000,000,000 Satoshi. That are 21 Million Bitcoin, but can be divided up to the 8th decimal place. 17 Million Bitcoins are already in circulation, that means more than 80% are already found. The amount of Bitcoin will grow linear, the last block will be found in the year 2140 — as I know.
Meanwhile the global hash rate grew non-linear over the last 10 years and took the difficulty with it on a journey of accelerated growth. That made it for lateral entrants nearly impossible to start mining today without high investments in hardware. But the market is more or less controlled by one supplier. For a home miner or small miner it is already impossible to catch up in time to keep up to date with the newest mining hardware — not least because that one hardware supplier is also world’s biggest pool operator and seems to release new hardware to the public, near of its end of useful time. So when available the newest hardware generation is already outdated, and the hardware supplier even can control the point in time when it becomes inefficient and obsolete — except you have your own nuclear power plant at home.
The exorbitant effort which needs to be expended to “dig out” the last 4 Million Bitcoin over the next 122 years and the full control over it with a quasi-monopoly have been foreseen. The involved companies, governments and indivudials for sure know and refelct about it. Institutional investors and the community compare it for longer term already with the manipulated gold price. The parallels are obvious.
Bitcoin is over? A fail?
Don’t worry. Bitcoin’s first big bubbles are over. The price tumbled at below 6000 USD, but that is a pretty “normal” development if you step back and see the big picture. Bitcoin is adjusting it’s value to the mean. If you are a Bitcoin enthusiast and evangelist — as I call myself one — you could also say something like “One Bitcoin will always stay one Bitcoin — it is fiat money which is fluctuating!”. Okay, I stole that quote somewhere, but it is true. Unfortunately my local bakery does not accept Bitcoin — not yet. (Below more about that.)
Bitcoin is a revolution which is intended to become a global digital currency, and shall allow transactions between peers without to trust and out of the control of third parties. The ideological idea is to disempower financial institutions, global enterprises and governments and give back the monetary power and financial control to the user. At least so I understand it. Bitcoin is not a commodity or a wealth storage or a big technological breakthrough. Dont’ get me wrong, that statement shall not diminish Satoshi’s achievements, but turn your head into the right direction to focus on the real use of Bitcoin.
If I interepret webistes like Bitcoin NVT Ratio right, then the network is in a phase of high growth and big investors already have an eye on big returns OR the price is forming an unsustainable bubble. Personally I lean towards the former, but I don’t exclude the option that another giant bubble is forming. Both I am okay with and soon you will read why.
Am I just a hopelessly optimistic person, conceited by years-long wrong imaginations and preaching Bitcoin ideology?
I spy with my little eye …
I am in crypto and especially in Bitcoin since late 2013. That gives me an advantage of experience in both technological development and assessment of the situation. I don’t want to conceil that some of the following ideas are “based on a feeling the guts” or call it intuition.
Please follow my considerations:
The Bitcoin exchange rate is low. But far lower than what to expect if there are no bad news on the way. The public attention of Bitcoin is still high and more and more investors and institutional investors are focussing on Bitcoin and other cryptos. But there is no upward movement of trade seen — even if news like “The Rothschilds are going Bitcoin” are spooking through the media. On the other hand negative headlines (like hacked exchanges) and the “subtle menace” of tries of regulation (by governments) or taxing Bitcoins and control of ICOs can not explain the Bitcoin price is so low without any signs of recovery.
That suggests that the price is highly manipulated. There are several instances who could archieve that and maybe for different reasons. As there are early adopters with high amounts of Bitcoin (Whales), groups like big mining pools, who just need to squeeze out some money to pay their raising power bills, big investors and traders, who want to a reasonable low price to buy in again, other competetive cryptos— well, who knows? But you can be sure there is always someone.
And then there is a still totally underrated development, which will change Bitcoin and the complete ecosystem around it with a thunderstruck: The Lightning Network. It will change everything, because it will instrumentalize the blockchain to open a person-to-person payment option worldwide for low to no fees. That will make Bitcoin a global currency. (Learn more about in one of my other articles).
When the understanding of the impact of the Lightning Network becomes common knowlegde and these ideas pop up in people’s minds the interest in Bitcoin will quickly raise. After a short period a self-fulfilling prophecy effect will take place and the exchange rate will rocket high once through the ceiling. I try to avaoid that “to the moon”-term, because it still inherit sticks a valuation of bitcoin in fiat money. But that is not my point of view anymore. You should value Bitcoin by its use. Well, any don’t expect this peak will be the end, but there will be another consolidation phase. The price will calm down again.
In a second stage it will go over to some sustainable growth period. In that time an ongoing deployment of applications like Bitcoin payment in your favorite coffee shop, acceptance of Bitcoin on a worldwide goods trading platforms, on webshops, on several social media, person-to-person payment and many others more will take place. For all that it is anyway needed, that Bitcoin exchange rate stops its high volatility and growth with an more linear factor. Bitcoin will go mainstream. Don’t expect that to be the “rocket to the moon” thing. I image it more like Bitcoin use will become more and more common, when more an more people discover they can use Bitcoin to book their holidays, and buy their bagel on way to work in the morning.
Bitcoin a currency — what does it mean for mining?
My conclusion is very simple, you can call it naive, but if the Lightning Network is taking over the responsibility for the “negotiation” and uses direct peer-to-peer channels for any kind of Bitcoin transactions then the importance of the main job mining (remember: confirming transactions) will go to the Lightning Network. The primary purpose of the blockchain will shift to “bookholding”, well, better “write results to the database”.
The included fees for the miners will be lowered a lot — generally the amount of transactions which needed to be written to the blockchain also. Every 4 years the rewards will be halfed, but the global energy price will stay the same (or in tendency will raise). Mining will become more and more unefficient and the demand for mining will decrease with its importance.
Mining is doomed to descend in unimportance. Well, not really, because it is still the basis for an “independent” database and bookholding for the Lightning Network. The role miners, pools and especially companies like Bitmain see themselves in, will completely change. At least that’s what I hope for. Some devotition will help them to form their character and switch their attitude from “We are Bitcoin! We have all the power! We own everything!” to “Thanks that you still need us to find the last hidden Bitcoin.” Bitcoin’s power is on the user’s side.
The whole mining industry will shrink and consolidate. With shrinking hash power difficulty will automatically lower. All the hardware and the lots of energy will be obsolete and not be efficient anymore to find the small amounts of Bitcoins still hidden. The long-term the big data centers will be dismantled. The efficiency will not longer depend tightly on the exchange rate to fiat money, because over a longer period you can utilize Bitcoin as a currency and directly buy goods and exchange it to demand services. The importance of Bitcoin will raise when its imminent use is eventually fully discovered to the public through the Lightning Network.
Fiat money will not become extinct the short term — probably it never will. “Too big too fail” is the right term here. But any fiat currency have a flaw and that is called inflation. Bitcoin’s amount is limited which makes it nearly inflation proof. By far more value than today will be shifted to digital currencies especially to Bitcoin and other cryptos participating in the Lightning Network. The phase of fiat to digital transformation has just begun.
Bitcoin exchange rate is below 6000 USD. In my opinion his is not a pity, but this could be your last chance to hop on the train heading wealth valley!
I published this article first on MEDIUM. If you want to learn more about the Lightning Network explore this Linklist.
I operate my own little Lightning Node
Feel free to open a channel e.g. with
lightning-cli connect 03f810ac5ca2edf9e7908b4edf98411a26b555d8aee6b1c9a0a5ad62b9359aa546 81.7.17.202 9735
or try my already working online tipping tool. Check it out! Send me some Satoshi throught the Lightning Network, please! (Beta)
The Lightning Network ⚡ will revolutionize a revolution or why HODLing is not the solution but part of the problem!
While preparing this article about the Lightning Network I considered severeal headlines and even after publishing I am not sure, if I chose the right one.
My alternates:
Bitcoin is dead, long live Bitcoin!
or
The Lightning Network no revolution without evolution!
or
Bitcoin is going to invent itself — again! Understand the Lightning Network!
They all somehow express what I want to explain to you.
But from the beginning. As you maybe know I am in Bitcoin since 2013. First as a home miner and ocassionally and later regulary as a trader. I sticked to Bitcoin for years as it was a hobby which led to ongoing discussions with my wife how much my hobby is worth when she paid our power bill. She showed great understanding at that time and supported me always. When trading in my early Bitcoin times I sold Bitcoins at a rate of 200 to 500 USD and enjoyed the revenue. Sometimes I hold more than 30 Bitcoins. I wished I had the knowledge of today those days. 😢
Then 2017 came and the Bitcoin exchange rate exploded, while the ongoing discussion about scaling led into an open war between different factions and controverse compromises. At this point I don’t want to go deeper into this, but eventually it led to several forks from Bitcoin and a high peak of Bitcoin’s exchange rate at around 20,000 USD. Then the long fall and todays Bitcoin’s fight against a strong bearish resistance line while recovering.
Is bitcoin a fail?
Is this really the end? Do all the cries of naysayers to be proofed right? Was Bitcoin that giant bubble all the experts called it again and again and again?
Bitcoin was invented as a peer-to-peer value transfer system with elimination of trust of a third party. It was planned as an instrument to bank the unbanked and to be available all over the world. But as a genius Satoshi Nakamoto was he didn’t foresee that it had imminent flaws. Satoshi did probably not expect that ASIC would be invented. I am pretty sure, if he did, he made the mining/minting algorithm some more complex to keep it on CPU/GPU as long as possible. Maybe he just didn’t care. The success of mining pools was maybe originally also not expected or even intended. Bitcoin’s idea was a distributed ledger and decentralization. The forming of pools are exactly the opposite and in the end led to the idea in some big miner and mining equipment hardware supplier’s mind that they “own” Bitcoin or operate it and they would not give up to put their claws in their money printing machines which provided them so much wealth in the last years.
You can still find that attitude at the Bitcoin Cash (an altcoin created as a fork from Bitcoin) supporters like Jihan Wu or Roger Ver who try to mislead people what Bitcoin really is. (BTW: In their argumentation they stick close to Bitcoin’s original whitepaper but take not into consideration that you need to develop something if you realize the flaw and that only that what people accept as Bitcoin will ever be Bitcoin. They changed their manipulation tactics some, but please be aware, that Bitcoin Cash is NOT Bitcoin — and not supporting SegWit it will never be.)
Third big flaw of Bitcoin was that its exchange rates’ meteoric rise lured more and more even big institutional investors into Bitcoin. At the same time Bitcoin as a payment option was more and more turned down, because due to the long-lasting scaling debate the transaction fees turned exorbitant high. Suddenly Bitcoin was an object of speculation and Joe Everybody could not afford it anymore, which kept many not from buying it even they did not understand the market mechanism working there of understanding Bitcoin as a technology at all.
If you look at this three flaws insulated you have already a good impression of the actual situation, but you need to dig some deeper to uncover the real problem Bitcoin has and which urgently needed to be solved. Bitcoin’s intent was to be some kind of currency, but it is/was more something like a commodity. Of course you could buy this or that in webshop with Bitcoin, but within a few month the value was so high that the fees ate up the transfered value. Nobody really wanted to accept Bitcoin. Sellers, merchants and store owners saw it more like a hip payment channel not like a reasonable competitor to VISA, Paypal or Fiat Money. The success of Bitcoin and its volatile exchange rate made it impossible to be used as a currencies and all the imminent flaws worked together to drag it into direction to be a value storage and that made all the yells “Bubble! Bubble!” became a self-fulfilling prophecy.
From that point of view it is true: Bitcoin — as a currency — is a fail.
And the future?
Bitcoin is a fail, but it is not an epic fail, because a small bunch of resistant developers realized already years ago, where Bitcoin’s problems lay and how to solve them. Let me draw you a picture, which does not claim to be true in detail, but please allow me to take your hand and lead you to the right direction with a little weird idea.
Join my in the rabbit hole of conspirancy theories where Alice is waiting for us already masked as the bitcoin inventor Satoshi Nakamoto. It is up to you to believe who he is, but did you never wonder why he totally disappeared from the scene after he started with so much effort to create Bitcoin and to explain his ideas to others? Why he showed the concepts and realized an implementation of its vision, inspired lots of developers, cryptographers and mathematics worldwide without even once to step out of anonymity? I am sure he planned from long hand to pass the baton to others and then to watch from another perspective and/or to take care of other things. Or?
Nakamoto created a website with the domain name bitcoin.org and continued to collaborate with other developers on the bitcoin software until mid-2010. Around this time, he handed over control of the source code repository and network alert key to Gavin Andresen, transferred several related domains to various prominent members of the bitcoin community, and stopped his involvement in the project. Until shortly before his absence and handover, Nakamoto made all modifications to the source code himself.
Wikipedia contributors. “Satoshi Nakamoto.” Wikipedia, The Free Encyclopedia. Wikipedia, The Free Encyclopedia, 24 Jun. 2018. Web. 26 Jun. 2018.
I can not imagine he didn’t make sure that his “Bitcoin: A Peer-to-Peer Electronic Cash System” was in good hands before leaving. There are rumours that Satoshi could even be that group of people (or part of it) who are nowadays known as “Bitcoin Core”.
Now the weird imagination: The romanticist in me has an idea of a secret society of around five to ten people who share parts of a private key which can unlock the first 1 million minted Bitcoin if used together under certain conditions like a specific blockheight or amount of Bitcoin in circulation.
Sure is that that the group called “Bitcoin Core” never spent much time on marketing, put themselves in the center of attention or made a big fuzz about their person, but they put much effort in developing Bitcoin in a sustainable way. The discussion about scaling led to struggle, but Bitcoin Core never gave up any ground and let the users decide. They never cared if other trends in the community led to the creation of altcoins and how much that new coins were adopted or took market cap from Bitcoin. They ignored Turing machine-like developments like Ethereum more or less, but were willing to cooperate with cognate cryptos like Litecoin, Groestl or Dogecoin for mutual advantages and — at least that was my impression.
So SegWit as the main requirement for further developements of the Bitcoin protocol eventually had been activated successfully and that was like a starting shot for developers worldwide. I think that was what the Bitcoin Core group was aiming for, because they are aware for a long time already that the activation of SegWit if essential to turn Bitcoin from a failed speculation bubble into a successful full digital peer-to-peer payment network. SegWit’s support helping solving the scaling problem is only a bonus on the top. Bitcoin Core insisted on 1 MB blocks. If scaling was the big issue there have been solutions around like bigger block sizes and even Jeff Garzik’s lukewarm compromise (Sorry, Jeff, I have respect to you and your work! All the best for Metronome — even I think it will be obsolete within a few years) SegWit2x. By the way: The only initiative which really made SegWit possible was the UASF anyway — my two cents.
So if solving the scaling problem was not the reason to insist on SegWit and 1 MB small blocks and even let users build up pressure under which Bitcoin could break then the only reason I can see is in another use of SegWit and it already took me days to understand that only one further development can be the reason for.
SegWit conditiones several possibly deployments to the Bitcoin protocol and the installation which instrumentalizes Bitcoin’s blockchain as what it really is: A giant decentralized self-organizing public database which holds data about who owns how much. On top of this database shaking of the chains of underlying flaws Bitcoin comes to the surface again in the Lightning Network.
Frolicking, the savior is near!
The lightning network fulfills all the promises Bitcoin made in the past. There a better sources to explain the details to you like
- https://lightning.network/
- https://decentralized.blog/the-lightning-network-rookie-guide.html
- https://medium.com/@argongroup/bitcoin-lightning-network-7-things-you-should-know-604ef687af5a
but let me give you this brief introduction:
The Lightning Network is NOT a new currency, there will be NO ICO or swap or something. The Lightning Network does principally something like that: Everybody with a client can take part at the Lightning Network and with every connection a self-organizing meshed network is established. Thanks to the simplicity of the Bitcoin protocol every lightning network node can create hash values which can be anchored in the Bitcoin blockchain without being already “recorded”. They’re like a hook or a bookmark in the blockchain.
If Alice wants to send Bitcoin to Bob she now can use that hook to open a direct channel to Bob on the Lightning Network. That channel is established over others members of the network. These hops have no clue about the content of the transactions they transport. They can also not stop it or influence it. They just build up a chain of trust. After the channel between Alice and Bob is established they can exchange Bitcoin in both directions for no fees. They can write each other invoices or settle payments. All the information if only hold in that channel and it is constructed in a way that it has a mutual agreed state (consenus) at any time. So even if a network connection breaks the Bitcoin in the channel is save. After all transactions are done the channel is closed, but only the result is written in the blockchain.
But the great advantage: If you made a Bitcoin payment with the Lightning Network you don’t need to care for the 6 times confirmation time. The Bitcoin is already transfered and accepted within the channel. The transaction is already negotiated and the outcome non-reversible settled. The Blockhain is only recording the result after closing the channel. And after 6+ confirmations the recording is non-reversible, too.
The Lighning Network adds all the features to Bitcoin you always wished:
- Instant transactions with the speed of light
- Low to no fees for low transactions
- Low volume transactions down to 1 Satoshi
- No direct public inview in your transaction history
- Easy swapping of Bitcoin to Litecoin, Groestl or Dogecoin within the channel (Atomic Swaps)
- Due to its p2p-nature the Lightning Network is “unblockable”
That opens varied use cases for really all involved parties. Please think about it! Bitcoin will turn from a commodity to a real worldwide used currency. Merchant can finally implement Bitcoin payment. Starbucks could let you pay your coffee within seconds. Facebook could reward commercials with paying Bitcoin and you could eventually tip people on the fly with your mobile. Webshops supporting the Lightning Network are not futuristic dreams, they are already reality. That was what Satoshi had in mind when Bitcoin was created! The Bitcoin Lightning Network was already introduced to people and presented by Satoshi in November 2010!
This is already a description of how the Lightning Network works.
Please take you a minute and make some conclusions, and you will realize that the Lightning Network is a revolution of the revolution Bitcoin. It is the only reasonable development to let Bitcoin become a usable real-world payment option. That will resolve all problems Bitcoin actually shows. Bitcoin does not need HODLers any more. To hold Bitcoin long-term is completely contra-productive, but unfortunately actually the only option for small investors to compete with institutional ones (and the monetary power of whales) to carry the wealth through the long waiting time until Bitcoin will become a useful, less volatile currency and “go mainstream”. You think that already happened? It didn’t. Bitcoin caught a lot of media attention, but is still far from mass adoption. Even if you are deeply interested in Bitcoin how many people you know using Bitcoin for payment in real life?
But don’t worry the time is near!
HODL now, use later!
As long the Bitcoin exchange rate is highly manipulated by whales and speculator whim and the fiat-to-digital transformation is in progress everybody HODLs and is withdrawing liquidity from Bitcoin. With no or low liquidity the use of Bitcoin is extremly limited and merchants step back from implementing tools to accept Bitcoin payment. Without merchants accepting Bitcoin and trading goods or services against it it has no use case and the interest in Bitcoin drops. The propagated use “Bitcoin holds value” like gold isn’t really existing, because Bitcoin is backed by what people are valueing it. It is more like a piece of modern art — and you know how different the evaluation can be.
The Lightning Network will break this vicious cycle. Bitcoin will go mainstream and latest when people overcome this realization Bitcoin will reach a new all-time high. I guess the big players already realized that, if the Bitcoin price goes up again sustainably it could have been the last time you saw it traded at a 4 digit price. The Lightning Network is far developed, so maybe you will stunning surprised in 2018. Even if not — you will have more time to collect BTC.
Three groups are eagerly working cooperative on the Lightning Network.
There are
- lnd — an Lightning Network client with optional use of light clients later, also hooks for several visualizing options
- eclair — an elegant implementation (focusing on mobile devices — I am not sure)
- clightning — Lightning Client written in C, beta status already, providing base for several apps like payment plugins for woocommerce, tipping, or payment per article
All three are very far developed. clightning is already used on the mainnet and in beta state as I know.
Although it is not recommended to use the mainnet at the state of writing there are 2337 Lightning Nodes with 5394 channels spanning a the mainnet holding 55.53 BTC.
Bitcoin exchange rate is about 6150 USD. In my opinion his is not a pity, but this could be your last chance to hop on the train heading wealth valley!
I published this article first on MEDIUM. If you want to learn more about the Lightning Network explore this Linklist.
I operate my own little Lightning Node
Feel free to open a channel e.g. with
lightning-cli connect 03f810ac5ca2edf9e7908b4edf98411a26b555d8aee6b1c9a0a5ad62b9359aa546 81.7.17.202 9735
or try my already working online tipping tool. Check it out! Send me some Satoshi throught the Lightning Network, please! (Beta)
At what price to buy Metronome | Buy Metronome at all? | Do you need Metronome?
Also I don’t like that mentioning a market cap makes the impression that people already bought enought MET to realize a value of that height! That’s simply not true. The market cap will be exactly what people eventually buy MET for.
But I like that @jgarzik sees it the same way
Guess @jgarzik‘s definition of @MTNToken‘s marketcap is directly imported from the realms of wishes, dreams and fantasy. But nearly 8 days to go! 😋 pic.twitter.com/W2CrgkE4ep
— Jens Schendel⚡️ (@jagottsicher) 18. Juni 2018
My idea is actually to buy 1 MET at 0.00002 Eth (1 Ct).
Please checkout my lightning node and open a channel now!
After some hard work I finally setup a lightning node (and I got was this sticker!)
Please feel free to connect to with
lightning-cli connect 03f810ac5ca2edf9e7908b4edf98411a26b555d8aee6b1c9a0a5ad62b9359aa546 81.7.17.202 9735
Crave Cryptocurrency: Shooting Star mit innovativen Features und großem Potential
Noch vor dem großen Image-Rebranding, das einen breiteren Marktzugang und Usability der Kryptowährung dienen soll, kam ich mit Crave in Berührung, als ich auf der Suche nach Anleitungen zur Erstellung von Masternodes war. Dash war mit Masternodes gerade sehr erfolgreich und meine Intention war eigentlich, mehr Erfahrung im Aufbau, Betrieb und Wartung solcher Masternode und im Umgang mit PoS-Konsenssystemen zu sammeln (von technischer Seite betrachtet ist Dash allerdings bis heute ein PoW/PoS-Hybrid.) Seitdem präsentiere ich einen kleinen Teaser auf meiner Startseite und in der Sidebar. Aktiv betreibe ich drei Masternodes und arbeite mit dem Team zusammen, um Crave weiter zu unterstützen.
Crave – nachhaltiges Revival ohne ICO und ohne Pre-Mining
Aber Crave ließ schnell erkennen, dass sich ein großes Potential in der Kryptowährung verbarg. Auf Bitcointalk wurde Mitte 2017 ein Revival diskutiert. Viele hatten die altgediente Kryprowährung zu dieser Zeit allerdings schon abgeschrieben, obwohl sie gerade erst zwei Jahre alt war. Es ist dem sehr enthusiastischen Team, das der engagierte Entwickler CooleRRSA um sich versammelte, zu verdanken, dass das Projekt Interessierte von Anfang an in die Neuausrichtung einband, Ideen diskutierte und auf Wünsche einging. So wurden neue und innovative Techniken implementiert. Nach einer raschen und zuerst vorsichtigen Designänderung, verlagerte sich die Entwicklung erstmal in den Hintergrund in die Programierung. Mit großem Aufwand wurden an der Basis (im ursprünglichen Quellcode) neue Techniken implementiert und aus Crave wurde erstmal Crave-ng – Crave New Generation. Um Verwirrung vorzubeugen: Beide sind seit einem Coin Split (siehe unten) identisch. Die aktuelle Roadmap liegt voll im Zeitplan und Crave ist jetzt bereit, aus dem Schatten zu treten und sein neues Outfit mit vielen innovativen Mechanismen im Unterbau zu präsentieren.
Bemerkenswert ist, dass auf Pre-Mining oder ICO verzichtet wurde, um nicht aus dem Kurshoch von 12 USD (Januar 2018, aktuell bei etwa 21 Ct) unlauteren Profit zu schlagen, sondern auf den Enthusiasmus und die Einsatzbereitschaft seiner Community zu setzen. Schon früh wurde ein Budget- und Governance-System mit Ankündigungen, öffentlich diskutierbaren Anträgen und Abstimmungen integriert, das die Weiterentwicklung und Marketing sichert. Für Fachkundige und Interessierte seien die Spezifikationen erwähnt!
Aber eines nach dem anderen. Crave tritt mit einem neuen Dreiecksmosaik-Logo und einem sicheren blauen Farbschema der Website an, wobei ein kleiner Anteil Grün seine energiesparende Natur mit seiner vollständigen Umsetzung des Proof-of-Stake-Konsens-Algorithmus andeuten soll. In Kombination mit der bereits vorhandenen All-in-One-Lösung-Kryptowährung, die diverse Anforderungen bündelt, wird der Kundenwünsche nach Vielseitigkeit Rechnung getragen. Ebenfalls veröffentlicht wurden wichtige Infrastruktur-Veröffentlichungen, darunter ein verbindliches Whitepaper und das (oben erwähnte) bereits aktiviertes Budget- und Governance-System. So wurde sowohl eine Infrastruktur mit Management geschaffen als auch die Marktakzeptanz erweitert. Das kann als Vorbild für andere digitale Währungen dienen.
“Wir glauben, dass mit einer weiteren Verbreitung einer aus-einer-Hand-Lösung für die Nutzung einer Kryptowährung mehr Menschen Crave für den Kauf und Verkauf ihrer Waren nutzen werden.”
Das Crave Entwickler-Team erkannte, dass sich seine Kunden von der Open-Ledger-Technologie zu datenschutzbasierten Transaktionen orientierten und sich dabei an die geltenden Datenschutzgesetze und -vorschriften von der Bundes- bis zur lokalen Ebene gebunden fühlen. Außerdem kaufen jetzt mehr Neukunden Crave, um am wahren Nutzen zu partizipieren und Crave zu Zahlungen einzusetzen und nicht als einfaches Investitionsobjekt.
Die neue Selbstdarstellung von Crave folgt den großen Trends der Kryptowährungen im Allgemeinen, indem es Menschen aus allen Lebensbereichen anspricht. Die neue und viel breitere Zielgruppe der Kryptowährung umfasst eine Vielzahl von Altersgruppen, Lebensstilen und Arbeits-/Geschäftsmodellen. Slothman, Core Team Communications Leader, sagt: “Wir glauben, dass mit einer weiteren Verbreitung einer aus-einer-Hand-Lösung für die Nutzung einer Kryptowährung mehr Menschen Crave für den Kauf und Verkauf ihrer Waren nutzen werden.” Slothman weiter: “Jetzt ist die Zeit der wachsenden Regulierung, die für die Sicherheit der Verbraucher und Investoren notwendig ist, und Crave trägt dem eindeutig Rechnung, wie unser neues Image zeigt.”
Crave Historie und ein Ausblick in die Zukunft
Crave hat im März 2015 seine Masternode basierende Kryptowährung als einen der führenden digitalen Coins für Nischenmärkte eingeführt. Es war die allererste Kryptowährung, die die Masternode-Technologie mit einem Proof-of-Stake-Konsens-Algorithmus implementierte und damit den Trend begründete, der heute viele Coins zu dieser Technik migieren lässt oder sie in den Roadmaps mit Plänen zur Umsetzung in der Zukunft aufführen.
Heute wird Crave an zentralisierten Börsen wie Cryptopia, Coinexchange.io und TradeSatoshi, aber auch an der dezentralen Börse CryptoBridge gehandelt. Trader sind täglich aktiv, wobei Käufer und Verkäufer den Preis an die Marktbedingungen anpassen, die stark von den zyklischen Trends des Cryptomarkets beeinflusst werden. Ende 2017 präsentierten das Technik- und das Management-Team ein Statement, dass um zum ersten Mal das Community-basiertes Netzwerk mehr als 1000 Masternodes umfasst und jede Masternode 5000 Crave Pfand hinterlegt. Die Wachstumsrate hat sich mit der steigenden Zahl von Betreibern jeden Monat erhöht, was zeigt, dass der Investitionswert von Crave nachhaltig steigt.
Nach dem erfolgreichen Abschluss eines 1-zu-10 Coin Split in Februar 2018 zeigt das coinmarketcap.com-Preisdiagramm einen sich stabilisierenden Münzmarktpreis entsprechend der zyklischen Entwicklung der Kryptowährung. Als früher Einstieger in die Masternode-Technologie hat Crave mit den neuesten Entwicklungen und Updates Schritt gehalten und verfügt über ein solides Technik- und Management-Team mit großen Erfahrung und hoher Ausbildung. Das Kernteam hat sich konsequent an die veröffentlichte Roadmap gehalten und arbeitet auch heute noch zuverlässig an der Weiterentwicklung.
Eine Neuentwicklung für 2018 ist der Adaptive-Blocks-Plan, der die Blockgröße an die aktuellen Netzwerkanforderungen anpasst und damit schnellere Transaktionen und höhere Skalierbarkeit wie im Whitepaper beschrieben ermöglicht. Es wird auch an einer einzigartigen neuen Wallet gearbeitet, die sich von der Konkurrenz abhebt. Allerdings gibt es noch andere Baustellen, die angegangen werden müssen, bevor Crave weiter durchstarten, als Grundlage für weitere Entwicklungen dienen, bzw, sich auf Konferenzen oder Summits präsentieren kann.
Das Projekt sucht aktiv nach neuen Community-Mitgliedern, die über Fähigkeiten, Ausbildung, Erfahrung und Wissen verfügen, um das Kernteam weiter zu ergänzen. Wer Interesse hat, die Entwicklung und Ausrichtung einer jungen, aber technisch ausgereiften Kryptowährung voranzutreiben, und bereit ist, aktiv Beträge zu leisten, ist herzlich eingeladen, mit uns in Kontakt zu treten.
Handelssymbol: CRAVE
Marktwert: Crave auf CoinMarketCap
Twitter: craveproject
Discord: On Discord
Telegram: On Telegram
BitcoinTalk: moderated topic auf BitcoinTalk
Source Code: Github
Medienkontakt
Project: Crave
Ansprechpartner: Dan “Slothman”, Leader Communication
Land: Vereinigte Staaten
Website: www.crave.cc
Legal note:
The author of this article holds CRAVE himself and operates three masternodes. The article has informative character and is not to be understood as an advice to invest or not invest in Crave (CRAVE).
HODL findet bestimmt auch bald seinen Weg in den Duden!
