Marknadsvärde för Bitcoin kan överstiga 300 biljoner dollar, säger Max Keizer

Den populära bitcoin-tjuren och marknadsanalytikern Max Keizer har hävdat att bitcoins börsvärde kan överstiga 300 biljoner dollar i framtiden, vilket förutsäger att flaggskeppskryptovalutan kan överträffa amerikanska dollar och bli världens reservvaluta.

Delade bitcoin-tjuren en Morgan Stanley-rapport

I ett nytt avsnitt av Keizer Report on RT, först upptäckt av Daily Hodl, delade bitcoin-tjuren en Morgan Stanley-rapport med sina över 4 miljoner abonnenter på videodelningsplattformen YouTube och hävdade att bitcoin skulle kunna bli ett livskraftigt alternativ till guld som en värdeförråd och till US-dollar som ett bytesmedel.

Per Keizer har investerare två alternativ: att använda fiat-valuta för att dra nytta av dess brist på volatilitet, men inför en „garanterad“ förlust av köpkraft, eller använda bitcoin och hantera dess volatilitet samtidigt som de drar nytta av en „garanterad“ vinstköpskraft.

Marknadsanalytikern påpekade också att bitcoin stängde in på marknaden för ädelmetaller och förutspådde att kryptovalutan kommer att ta silvers marknadsvärde under de närmaste månaderna, samtidigt som det kommer halvvägs till guldets börsvärde senare i år. När BTC har gått förbi guld, sa han, „bara dollaren är kvar.“

Han sa att den amerikanska centralbanken för inflation influerade tillgången på den amerikanska dollarn, vilket är „inte särskilt robust.

“ Dollaren kommer, ”sade han,” att decimeras när Bitcoin dominerar och blir den globala världsreservvalutan som vi förutspådde. Morgan Stanley vaknar äntligen upp till detta. ”

När BTC stiger förbi guld och utmanar

När BTC stiger förbi guld och utmanar världens reservvaluta förutspådde Keizer att dess värde skulle kunna stiga meteoriskt.

Jag antar att det går mycket högre eftersom det måste ersätta guld. Det måste ersätta den amerikanska dollarn. Den totala adresserbara marknaden (TAM) för Bitcoin är 300 biljoner dollar. Det är nu på 1 biljon dollar. Härifrån måste det gå 300 gånger. Äga det eller ha kul att vara fattig.

Bitcoin har ofta kallats guld 2.0, eftersom kryptovalutan används som en säkring mot potentiell valutaförlust och hyperinflation. Miljardinvestören Jeffrey Gundlach, VD för DoubleLine Capital, har avslöjat att medan han fortfarande är en långsiktig dollarbjörn och guldtjur ser bitcoin som en bättre satsning efter att ha vänt neutral mot både amerikanska dollar och guld.

Analytiker på Goldman Sachs har förra veckan rapporterat att både bitcoin och guld har en specifik roll att spela i investerarnas portföljer och som sådan kommer bitcoin inte att ta över guldets börsvärde, och inte heller gör guld flaggskeppets kryptovaluta irrelevant.

Why the bitcoin price is relevant

About signal and noise: Why the bitcoin price is relevant

The Bitcoin price accounts for a large part of the public attention. Rightly so, because the price combines all available information on the market and gives an indication of the fundamental value of BTC.

The development of the Bitcoin price is already enormous. In the first two weeks of the new year alone, the price of the cryptocurrency rose by up to 40 percent above the closing level of the previous year. The current high for the year is 41,880 US dollars (USD).

How will the gold price develop in the future?

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At BTC-ECHO, we also deal with the price trend on a daily basis in the market update. But why do we talk about price all the time?

In the interplay of supply and demand, the price plays a decisive role. One could say that the price of an asset reflects the essence of what the market considers to be an appropriate price. Expectations about future value, the availability of the asset, the news situation, the information available and the overall economic situation all play a role.

Markets then bring buyers and sellers together and where supply and demand meet, a price is created. So we can say that the price discovery mechanism is exactly what markets do: they give goods a fair price according to all available information in the market.

Price discovery and Bitcoin

So what is a fair value for Bitcoin? This is a question that every market participant would probably answer differently. For some, Bitcoin is a digital substitute for gold – and should therefore be worth at least as much.

This is exactly why markets are volatile. For one, BTC was clearly overvalued at USD 40,000, which is probably why people sold there. For the other, BTC is still fairly valued even at USD 100,000, so they will also buy at USD 40,000. If the majority of market participants conclude that the current level is too high, the price falls because more sell orders are placed than buy orders – and vice versa.

In the end, it comes down to what benefit the totality of market participants see in Bitcoin. And with a new asset (remember: Bitcoin is only twelve years old), the road to establishment can be bumpy. Looking at the volatility, one can only conclude that the market is having some difficulty developing a fair value for Bitcoin. In other words, market participants disagree about what Bitcoin actually is and how much the asset is ultimately worth.

But volatility is falling. While in past cycles price adjustments of 30-40 percent were the order of the day, volatility (shown here in red), measured by the standard deviation of the price, is about 19 percent these days.

Bullish Indicator to Buy Bitcoin har blinket enda en gang etter 5 måneder

Investorer som kjøpte bitcoin i år på grunnlag av denne sjeldne indikatoren, har registrert alvorlige gevinster. Og etter 5 måneder har det blinket igjen.

Bitcoin-markedet i år hadde mange inngangspunkter for investorer. En indikator som ga de mest lønnsomme inngangspunktene (forekommer bare to ganger) har dukket opp igjen etter 5 måneder. Det gikk foran BTCs episke rally til $ 10 500 i april og oppkjøringen til $ 12 500 i august.

The Blue Dot Screams Kjøp Bitcoin

Det er ingen mangel på pionerer i bitcoin-økosystemet. Charles Edwards, grunnleggeren av Capriole Investments, er en slik pioner som støttet Hash Ribbons-indikatoren for timing av inngangspunkter i BTC-markedet. Det dukket opp bare to ganger i løpet av 2020, og har gått foran massiv fortjeneste som snur bitcoin-rally.

I henhold til den siste oppdateringen av Edwards, har indikatoren dukket opp igjen etter en 5-måneders pause. Og peker på investorer til å gå inn i en annen lønnsom kjøpsposisjon.

Den aktuelle blå prikken oppstår hver gang etter at BTC-gruvearbeiderne er ferdig med å kapitulere sine beholdninger. Hash Bånd representerer gruvekapitulasjonsfasen og peker i sin tur på en nedgang i den totale hash-hastigheten for bitcoin-gruvedrift.

Glassnode CTO Rafael Schultze-Kraft ga en forklaring på hvorfor Hash Ribbons fungerer som et utmerket inngangspunkt for bitcoininvestorer med nedenstående diagram.

På spørsmål fra en bruker om hva som er forskjellen mellom de mørkerøde og lysrøde båndene, sa Kraft:

Lys rød = “miner capitulation” Mørkerød = “miner recovery” (30d MA> 60d MA) Slutt på mørkerød: kjøpesignal. Dette er når hashfrekvensen har gjenopprettet og Bitcoin-prismomentet er positivt.

Miner / hash-gjenoppretting skjer når 30d MA (30-dagers glidende gjennomsnitt) krysser over 60d MA, forklarte Glassnode CTO.

Flere bullish indikatorer styrker ‚Buy BTC‘ sentimentet

I henhold til Danny Scott, administrerende direktør for den britiske baserte bitcoin-børsen CoinCorner, går BTC-saldoen gradvis ned, ettersom investorer ser ut til å holde på sine posisjoner over lengre tid. Dette vil igjen føre til en betydelig likviditetskrise de neste månedene. Et poeng imponert over on-chain bitcoin markedsanalyse Willy Woo også.

Dette, som det høres ut, er ganske mye en bullish indikasjon på bitcoins fremtidige markedsutsikter.

Woo, i sin siste oppdatering, nevnte også et interessant poeng om BTCs fremtidige adopsjonsvekst. Han observerte at den øverste kryptovalutaen har fulgt ‚Moore’s Law‘ of Growth fra begynnelsen til dags dato. Når det gjelder adopsjonsgraden.

Dette, når det ekstrapoleres over en periode på de neste 4 årene, peker på et scenario der omtrent 30 prosent av verdens befolkning eier bitcoin.

10% of all Bitcoin has not been moved for over 10 years

About one in ten Bitcoin (BTC) has not been moved for 10 or more years. At least that’s what the blockchain analysis company Glassnode says.

Millions of Bitcoin not moved for over 10 years

Glassnode’s data shows that 1,857,721 Bitcoin have remained “stationary” for over 10 years (as of December 17th). With a total of around 18,573,268 BTC floating around (although that number is growing every 10 minutes as miners find new blocks), that translates to around 10% of all Crypto Bull that has been mined to date.

Old Bitcoin hasn’t moved

Still, while some Bitcoin maximalists may see this as a sign of genuine „Hodler“ commitment, the reality is much less romantic. Most of these BTCs have likely been „dead“ long ago – lost forever due to various circumstances so that no one can ever use them.

1 million BTC from Satoshi Nakamoto

First off, the enigmatic creator of Bitcoin, Satoshi Nakamoto, mined around 1 million BTC (according to various estimates) that has not been moved in over a decade. Since no one knows where he – or she – could be today, or even whether they are still alive, the fate of these bitcoins is unclear.

On January 3, 2019, Glassnode’s charts will begin to show the number of BTC that have not been moved in 10 years. That’s because it’s exactly 10 years since the Bitcoin network started and Nakamoto started mining his first coins.

In total, 3.7 million BTC are likely lost forever

But even if we remove Nakamoto’s bitcoin inventory from the equation, another 2.6 million bitcoins are likely lost forever as well. This could be for a variety of reasons including misplaced private keys, broken hard drives, intentionally burned BTC, or even people dying without leaving their wallets to anyone.

In total, at least 3.7 million Bitcoin – or around 20% of all BTC currently in existence – has most likely gone.

At current prices, the Bitcoin is worth $ 83.3 billion that has been sunk into oblivion.

Chainalysis announces seized crypto asset management program

Chainalysis will launch a crypto asset management program.

The program will help the government and liquidators manage and sell the seized cryptocurrency.

Government agencies continue to confiscate cryptos from cybercriminals.

With government agencies confiscating massive amounts of cryptocurrency from criminal enterprises, Chainalysis has developed a program to help manage these seized digital assets.

The news marks a major development in the consideration of cryptoassets, particularly in the context of restitution in cases where confiscated cryptocurrencies are part of a fraudulent plan.

Government and liquidators consider crypto assets

Intelligence firm The News Spy announced the program in a press release on November 12. According to the announcement, the purpose of the service is to assist government agencies and insolvency practitioners in the management of seized and confiscated crypto assets.

The new crypto asset realization program would help stakeholders track, store and liquidate seized cryptocurrencies. Jason Bonds, Chief Revenue Officer of Chainalysis, commented on this development:

As cryptocurrencies become more common, they will be used more and more by good and bad actors […] As our government partners become increasingly successful in rooting out bad actors, helping them recover and realize their assets is a next natural step.

The Asset Realization Program is the latest in the company’s line of legal crypto tools. In the past, Chainalysis has also worked with government agencies to track down crypto crimes, including exchange hacks allegedly orchestrated by North Korean cybercrime syndicates.

Police departments around the world have seized millions of dollars in crypto from criminal entities

Some of these confiscated cryptocurrencies often involve attacks on darknet sellers.

Last October, BeInCrypto reported that Dutch authorities seized around 2,500 BTC ($ 40 million) from a couple convicted of money laundering on the darknet. In the United States, several whitehats teams led by the Department of Justice have also recovered crypto funds from online drug trafficking syndicates.

Usually, auctions like Wilsons facilitate the liquidation of cryptocurrencies confiscated by government agencies. The US Marshals have also auctioned over 185,000 BTC at various times in the past.

By selling too early, the U.S. government missed out on a potential gain of $ 1.65 billion from seized cryptocurrencies. In early November, the DoJ seized 69,369 BTC and other cryptocurrencies from a wallet linked to the now defunct Silk Road darknet market.

The head of MicroStrategy told The Wall Street Journal about the reasons for buying bitcoin.

MicroStrategy’s revenues have barely increased in the last decade, from $455 million in 2010 to $486 million last year. However, the company ended 2019 with $566 million in cash. Even after buying $425 million worth of bitcoins in 2020 and a $61 million share buy-back, MicroStrategy still has $53 million left, The Wall Street Journal (WSJ) reports.

MicroStrategy shares became one of the most profitable investments during the technological boom of the late 1990s (up 567% in 1999). The following year, the company lost more than 90% due to an investigation by the US Securities and Exchange Commission (SEC).

Three managers, including CEO Michael Saylor, settled allegations of financial reporting fraud with the SEC. As part of the agreement, the directors did not acknowledge or deny the allegations.

In an interview for WSJ, Saylor refused to discuss the case.

MicroStrategy has never returned to its former glory. From the IPO in June 1998 until the end of 2019, the return on shares averaged 1.4% per annum. During the same period, the S&P 500 grew by 7.2%.

But in 2020, everything changed. In August, when MicroStrategy announced its investment in Bitcoin, its shares jumped 9% per day. A month later, the company announced that it would invest most of its reserves in bitcoin. Shares rose by 23% in two days.

At its peak on 23 October, the company’s shares doubled from a low in early March.

Saylor argues that the main purpose of buying a bitcoin was not to stimulate stock growth but to maintain the company’s purchasing power.

Thanks to massive Federal Reserve intervention in the economy, the U.S. money supply is growing rapidly – according to WSJ, this year it has grown by more than 20%. Saylor expects that this rate will be maintained at 10% or 15% per year, not only in the US, but also globally.

„We realized that cash is rubbish,“ he said. „And we needed to convert our money into something that would float rather than sink into a stream of liquidity“.

According to Saylor, the number of bitcoins is limited to 21 million, so the digital currency will never be ‚devalued‘.

When asked if Saylor was nervous about investing most of the company’s capital in such a volatile asset, he said: „Why should I be nervous? I would be nervous if I had $500 million in cash because I think it would drop [in purchasing power] to zero in five years. What choice did I have? I believe that bitcoin is better than gold as a means of saving.

„Nothing is perfect, there are risks. But I can’t find anything better, and doing nothing is a more risky option,“ he added.

Erwartet einen kurzfristigen Rückschlag auf dem Bitcoin-Markt, behauptet OKCoin Exchange

Laut OKCoin rechnet Bitcoin kurz- bis mittelfristig mit einer rückläufigen Entwicklung.

Der in San Francisco ansässige Cryptocurrency Exchange zitierte Daten von IntoTheBlock, einer Blockchain-Intelligence-Plattform, die zwei von sieben On-Chain-Fundamentaldaten von Bitcoin als bearish bezeichnete – und den Rest als neutral.

„Die beiden „bärischen“ Metriken [betreffen] die Anzahl der aktiven Bitcoin Era und die Anzahl der großen BTC-Transaktionen“, so der OkCoin-Bericht. „Die IntoTheBlock-Daten deuten darauf hin, dass die Zahl der aktiven BTC-Benutzer zurückgegangen ist, ebenso wie die Zahl der Transaktionen über 100.000 $“.

Bitmünze, BTCUSD, XBTUSD

Die On-Chain-Indikatoren von Bitcoin bringen Probleme mit sich. Quelle: IntoTheBlock
Das Bitcoin-Stimulus-Dilemma

Die Erklärungen von OKCoin folgten auf einen über Nacht erfolgten Ausverkauf auf dem Bitcoin-Markt, als die Verhandlungen über weitere Konjunkturhilfen für die US-Wirtschaft auf abrupten Widerstand stießen.

In einem am Dienstag veröffentlichten Tweet brach US-Präsident Donald Trump die Gespräche mit den Demokraten im Kongress über das zweite Coronavirus-Finanzpaket bis nach den Präsidentschaftswahlen vom 3. November ab.

Wenn er die Entscheidung nicht rückgängig macht, bedeutet dies, dass viele Amerikaner, auch diejenigen, die von Unternehmensschließungen und Arbeitslosigkeit betroffen sind, in den kommenden Monaten mit finanziellen Problemen konfrontiert werden könnten.

Am Wochenende hatte Mr. Trump zu einer Einigung aufgerufen. Die demokratische Sprecherin des Repräsentantenhauses, Nanci Pelosi, bestätigte am Sonntag, dass die Verhandlungen mit dem Finanzminister Steven Mnuchin in die richtige Richtung gehen. Gleichzeitig stieg Bitcoin in der Hoffnung auf ein abgeschlossenes Abkommen höher.

Nachdem Herr Trump sich jedoch nach einem Anruf mit anderen Republikanern zusammengetan hatte, stellte er die Gespräche mit den Demokraten ein. Seine Botschaft lautete:

„Nancy Pelosi fordert 2,4 Billionen Dollar zur Rettung schlecht geführter, hochkrimineller, demokratischer Staaten, Geld, das in keiner Weise mit COVID-19 zusammenhängt. Wir haben ein sehr großzügiges Angebot von 1,6 Billionen Dollar gemacht, und wie üblich verhandelt sie nicht in gutem Glauben.

Bitcoin, zusammen mit dem Rest des Risikomarktes, stürzte direkt nach der Erklärung von Herrn Trump ab.

Nur ein Haken

Der Grund dafür, dass Bitcoin abgerutscht ist, liegt darin, dass sich alle Märkte – von Aktien bis hin zu Rohstoffen – zuvor aufgrund einer Kombination aus expansiver Politik der Federal Reserve und des US-Kongresses erholt hatten. Dazu gehörten eine Konjunkturhilfe in Höhe von 2 Billionen US-Dollar, ein Zinssatz nahe Null und ein unbefristeter Kauf von US-Staatsanleihen und hypothekenbesicherten Wertpapieren.

Bitcoin schafft es, eine Unterstützung von über $10.500 zu erhalten.

Die Einstellung der Hilfe wirkte sich auf den Rest des Geldspritzkreislaufs aus, bestätigte am Dienstag auch der Fed-Vorsitzende Jerome Powell in seiner Rede vor der National Association for Business Economics. Er forderte den US-Kongress auf, den zweiten Stimulus einzuführen oder einen Absturz der US-Wirtschaft zu riskieren.

In seinen Kommentaren hob er die Attraktivität des US-Dollars und der auf dem US-Dollar basierenden Instrumente unter Investoren hervor. Später trieb die Erklärung von Herrn Trump über die Konjunkturhilfe den Dollar weiter in die Höhe.

Aber der anhaltende Trend werde sich möglicherweise nicht fortsetzen, sagte OKCoin.

„Die vorübergehende Einstellung der Konjunkturgespräche stellt einen mittelfristigen Rückschlag für Bitcoin dar“, stellte er fest. „Es wird jedoch erwartet, dass weitere fiskalische Stimuli verabschiedet werden, sobald die Verhandlungen wieder aufgenommen werden.

Hans Hague, der Leiter der quantitativen Strategie bei Ikigai Asset Management, sagte ebenfalls einen langfristigen Aufwärtstrend für Bitcoin voraus. Der Grund dafür sind die Makrotrends, die auf eine Fortsetzung der Währungsinflation hindeuten.

Die US-Notenbank hob Anfang September ihren Inflationsausblick über ihr bisheriges 2-Prozent-Ziel hinaus an.

BTC/USD wurde zum Zeitpunkt des Verfassens dieses Artikels bei $10.615 gehandelt.

Bitcoin como dinheiro programável: Minsc, Simplicity, Vaults e DLCs

Bitcoin é às vezes acusado de „não poder construir nada com ele“. Muitas vezes esta crítica vem de correntes de bloqueio virtuais como o Ethereum.

Smart Contracts, DeFi e aplicações similares são muito atraentes em plataformas como estas. Mas isso não significa que seja impossível construir em cima do

Antes de mais nada, é incorreto que apenas o Éter é dinheiro ‚programável‘. Você pode usar Bitcoin Pro para colocar certas condições em um UTXO. Estas condições devem ser cumpridas antes que o proprietário (ou proprietários) possa continuar a gastar BTC. Isto não é novidade e pode ser feito com Roteiro.

Para tornar o Script mais acessível e fácil de usar, Pieter Wuille, Andrew Poelstra e Sanket Kanjalkar apresentaram o Miniscript em 2019. Isto é mais fácil do que o Script e também o torna mais eficiente. E uma versão ainda mais fácil do Script é Minsc, que, por sua vez, é baseada no Miniscript.

Min.sc tem muitos exemplos de „programabilidade“ do Bitcoin. Como, por exemplo:

Trancar algumas moedas até 2030;
Um 3 de 3 que se transforma em 2 de 3 após um timeout;
Os fundos são normalmente mantidos por uma 4 de 5 federação, mas podem ser recuperados pelas chaves de emergência de reserva após 3 meses de inatividade.

Multisig

Na maioria dos casos, são carteiras de várias sedas. Estas são transações nas quais você precisa de múltiplas assinaturas digitais para poder emitir estas Bitcoin e ter permissão para isso. Desta forma, você pode pensar em situações que envolvem mortes com uma construção de 2 ou 3.

Nesse caso, acrescente três chaves privadas:

  • o proprietário
  • um confidente
  • um notário

E para que o Bitcoin contido nesta carteira de múltiplas assinaturas seja emitido, duas em cada três pessoas devem assinar esta transação.

Mas você também pode pensar em situações em que o número de chaves necessárias diminui com o tempo.
Caixas de Bitcoin

Em linha com estas configurações multi-siglas estão os Vaults. O desenvolvedor Bryan Bishop teve uma idéia para isto.

O Bispo dos cofres tem em mente oferecer um plano B no caso de seus dados (sementes ou chave privada) vazarem ou serem roubados. Nesse caso, o cofre oferece uma maneira de voltar do seu erro.

Na prática, esta solução permite dividir sua Bitcoin em diferentes partes e somente uma parte dela pode ser enviada. Desta forma, apenas uma pequena parte de seu BTC pode ser enviada. Você pode definir a quantidade de tempo entre as transações de bitcoin.

Em combinação com as torres de vigia, os proprietários podem ser notificados quando uma parte deste saldo é enviada. Como o hacker tem que esperar até que ele possa enviar o restante do saldo, há tempo para a vítima tomar medidas.

Os abóbadas ainda estão em desenvolvimento e não são muito comuns. O Unchained Capital já está longe de oferecer este serviço.

Simplicidade

Além do Script como linguagem de programação, a Blockstream vem trabalhando há anos na Simplicidade. Ainda não foi implementado, mas proporcionará mais flexibilidade para criar contratos inteligentes na rede Bitcoin. Isto já é possível com Rootstock, mas você está preso com a ficha RSK.

Simplicidade é uma linguagem datilografada, baseada em combinadores, funcional e sem loops e recursividade, projetada para ser usada em moedas criptográficas e aplicações em cadeia de bloqueios.

O problema com contratos inteligentes é que você obtém rapidamente uma proliferação de recursos com os quais cada nó tem que lidar. Como a cadeia de bloqueio é um banco de dados ineficiente, isto pode causar problemas a longo prazo. Especialmente quando se trata de executar dApps.

Leia aqui a história técnica sobre Simplicidade.
Contratos de Log Discreto (DLC)

Um Contrato de Log Discreto é um certo tipo de contrato inteligente. Você usa dados do mundo em tempo real com um oráculo para executar um contrato. Desta forma, você pode apostar dinheiro de forma descentralizada e automática, por exemplo, em jogos de futebol, eleições ou outros resultados.

Já falamos sobre isso com Gert-Jaap Glasbergen em nosso podcast Hup Bitcoin. Ele trabalha no MIT como pesquisador de novas oportunidades para a indústria de mineração e para a Lighnting Network, entre outros. A partir do minuto 52 ele explica o que são, como funcionam e o que você pode fazer com eles.

Rede de Raios Bitcoin

Naturalmente, a Rede de Raios não deve faltar na lista. Esta segunda camada sobre Bitcoin é possível graças à programabilidade na camada base. Com os contratos Hash Time Lock, existe agora uma rede de milhares de canais de pagamento que lhe permite fazer pagamentos de forma rápida e barata.

 

MakerDAO Penguins – Pillory Victims of the „Black Thursday“ Bug

Victims Left Behind – MakerDAO is the lending protocol behind the DAI stablecoin. Last March, it experienced a bug following the crash in the price of ETH causing the liquidation of 4.5 million dollars in loans. Despite their request, it appears that aggrieved users will not be reimbursed.

MakerDAO Black Thursday

In the middle of last March, in the midst of the explosion of Covid-19, the price of several cryptocurrencies fell violently. On average, the entire market has plunged 30% , and of course Ether has suffered the same fate.

Unfortunately, this downfall resulted in a whole bunch of detrimental consequences for the DeFi ecosystem . The oracles of the Bitcoin Trader system failed to follow the course of Ether and gave the wrong price to the entire system. So while ETH capped at $ 130, oracles pointed to 166.

The consequences were catastrophic . The bad price announced by the Oracles as well as a lack of competition at the level of loan liquidators resulted in the liquidation of many loans, creating a debt close to 4.5 million dollars .

Damaged users will not be reimbursed

Following this event, many users turned against the system because their loans had been brutally liquidated.

As a result, a governance vote was taken to find out whether the aggrieved users would be compensated. Unfortunately, the vote only attracted 38 voters, who voted 65% against compensating aggrieved users.

Other choices offered a partial refund, ranging from 3 to 24% of the total amount. However, only the 15% and 18% proposals received votes.

The limits of governance

The result of this vote highlights the limits of decentralized governance . Indeed, in the case of MakerDAO, the vote mainly attracted whales (large MKR holders) who were the only ones to give their opinion.

Thus, the 38 voters used the equivalent of $ 39 million in MKR token for the vote. This only represents 8.74% stake for all token holders.

In this specific case, the outcome of the vote is not surprising. The aggrieved users demanded refunds in MKR. On the other hand, the holders of MKR, for their part, did not want the creation of new tokens, which would have the effect of diluting the capital.

Zuid-Koreaanse rechtbank stuurt nep-Crypto Exchange Chiefs naar de gevangenis.

In wat een vurige week is geweest voor Zuid-Koreaanse crypto-uitwisselingen, zijn de CEO en de uitvoerend directeur van een legitiem uitziend handelsplatform naar de gevangenis gestuurd voor respectievelijk drie en twee jaar – nadat een rechtbank hen schuldig heeft bevonden aan het duperen van investeerders met een nep-uitwisseling.

Een tak van het Hooggerechtshof in Seoel veroordeelde de mannen, met de achternaam Choi en Park (voornamen die om juridische redenen werden ingehouden), voor het runnen van een „nep“ cryptoasset handelsplatform en het stelen van de fondsen van de beleggers.

De mannen creëerden een handelsplatform met de naam Komid, waarvan de website nog steeds online is en er niet anders uitziet dan vele boven-board Zuid-Koreaanse crypto-interfaces. De site waarschuwt echter voor serverfouten en is sinds begin 2019 niet meer geüpdatet met nieuwe nieuwsberichten.

Het hof hoorde hoe Choi en Park klanten toestonden om fictieve stortingen in Koreaanse gewonnen (KRW) en grote cryptoassets Bitcoin Future te maken, maar vulde de rest van het platform met valse informatie over token listings, gefabriceerde handelsvolumecijfers en details van fictieve handel.

Komid bood ook voortvarend handelaren loyaliteitspunten aan die het zei dat ze konden worden ingewisseld voor contant geld of penningen.

De mannen waren in een eerder proces veroordeeld voor fraude, maar gingen in hoger beroep, waarbij de zaak uiteindelijk bij het Hooggerechtshof terecht kwam.

De Hoge Raad bevestigde de oorspronkelijke schuldveroordelingen en de Komid-hoofden werden veroordeeld voor fraude, verduistering en het verbergen van de bedrijfskostengegevens van het bedrijf voor de autoriteiten.

Het nieuws komt een dag nadat de politie een inval heeft gedaan in de kantoren van high-profile, in Seoul gevestigde crypto-ruilmachine Coinbit te midden van beschuldigingen van prijsmanipulatie. Vandaag beweerde een krant dat de de facto CEO van de beurs dreigde werknemers te vermoorden en te verminken – door hen te bevelen neptransactietransacties uit te voeren en hen te chanteren om hem geld te geven.