Articles by "Economy"


BP: Natural gas will overtake coal to become the second largest energy source in the world in 2040

British Petroleum (BP PLC, BP) said on Thursday that most of the global energy supply growth in the next 20 years will come from renewable energy and natural gas, but large-scale investment in crude oil exploration and production is still needed to meet crude oil demand in 2040.
British Petroleum Refinery Image

BP said in its annual energy outlook report that the main assumption in the future is that renewable energy and natural gas will account for 85% of global energy growth by 2040. Renewable energy sources include wind, solar, geothermal, biomass and biofuels.

In the hypothetical situation reported, renewable energy will grow by 7.1% annually, and its share of major energy sources will increase from 4% to 15% by 2040. Natural gas is expected to grow by 1.7% annually, surpassing coal to become the world's second largest energy source in 2040, and will fight for the largest energy title with crude oil.
A British Petroleum Cap

BP said in its report that all assumptions indicate that crude oil will still play a key role in the global energy system by 2040, when crude oil demand will range from 80 million barrels per day to 130 million barrels per day. Crude oil demand is currently projected at 99 million barrels per day in 2020.

In view of this, the company believes that it will need to invest trillions of dollars in the development of new oil fields to meet global crude oil demand by 2040.
British type Homes

Under the main assumptions, BP continues to expect that global demand for crude oil will climb around 2035, to nearly 110 million barrels per day, and then remain stable until 2040. 
Until 2018, BP expected that crude oil demand would not stop growing around 2040.

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Who are the Most influential people pertaining to cryptocurrency?

    1. 10 most influential people in cryptocurrency

    2. Bitcoin currency use cases

    3. Haseeb Qureshi: A Cryptocurrency Entrepreneur's Guide

    4. Manage by law or by code?

    5. The grim future of the network and the hope of a new type of decentralized Internet

Showing Most Influential People Cryptocurrency Cryptocurrencies or Crypto currency

The 100 most influential people in cryptocurrency

CryptoWeekly's "100 Most Influential and Most Influential People in Cryptocurrency" column, this list will certainly have some subjective, but very interesting list. The following are the top ten characters. If you want to see the full list of 11-100, you can view the original text to see if your favorite idol has been selected.

At No.1 @cz_binance CZ is the founder and CEO of Binance

This is currently the fastest growing cryptocurrency exchange in the world. CZ was previously the CTO of OKCoin and the developer of He has been in the crypto field for many years, and this year he entered the list of the richest people in the Forbes crypto field.

NO.2 Brian Armstrong @brian_armstrong Brian is the co-founder and CEO of Coinbase

One of the world's largest cryptocurrency exchanges, and it is also providing a wide range of products and services for institutional investors. He has starred in the 2014 film "The Rise of Bitcoin" and frequently speaks at conferences on the power of Bitcoin and cryptocurrencies.

NO.3 Vitalik Buterin @VitalikButerin Vitalik

He is known as the godfather of Ethereum, and he is one of the key programmers who pushed the platform forward. This year, Vitalik has also begun to focus on making ICOs more secure-his recently released DAICO concept has begun to get attention as it is a more secure way to run ICOs.

NO.4 Tyler Winklevoss @TylerWinklevoss

Taylor is the head of Winklevoss Capital and the co-founder and CEO of the next-generation digital asset exchange Gemini. Winklevoss is the world's first Bitcoin billionaire, and this year he helped launch the Gemini dollar, a stablecoin designed to provide liquidity to cryptocurrency traders .

NO.5 Brad Garlinghouse @bgarlinghouse

Brad is now the CEO of crypto payment startup Ripple, which launched the xCurrent international payment agreement earlier this year. He was previously the CEO of file-sharing startup Hightail and an active angel investor, and has completed more than 40 startup investments to date.

NO.6 Roger Weir @rogerkver

Roger was one of the earliest investors in the first batch of Bitcoin startups. He is now heavily involved in Bitcoin Cash, a hard fork of the original Bitcoin protocol, designed to be used as cash (while addressing some of the key performance issues that plagued Bitcoin's core).

NO.7 Barry Silbert @barrysilbert

Barry is the founder and CEO of the Digital Currency Group, a digital currency incubator and investment fund that has been in operation for several years. He is also the CEO of Grayscale Investments, a digital currency investment fund that manages the Bitcoin Investment Trust, a private trust dedicated to investing in Bitcoin.

NO.8 Wu Jihan @jihanwu

Wu Jihan is one of the co-founders of Bitmain, the world's largest cryptocurrency mining company. He has an estimated net worth of more than $ 2B and is one of the most influential members of the blockchain industry. Before joining Bitmain, Wu Jihan had a university economics degree from Peking University.

NO.9 Michael Novogratz @novogratz

Michael was a hedge fund manager at Fortress Investment Group and is now the CEO of crypto investment firm Galaxy Investment Partners. He had previously forecast a target price of $ 20,000 for cryptocurrency next year.

NO.10 Adam Baker @ adam3us

Adam is a well-known cryptographer and inventor, known for inventing hashcash (a proof of work system), which is used by many email providers to fight spam. He is now the CEO of Blockstream, a startup dedicated to developing sidechains and other applications for the crypto ecosystem.

Bitcoin currency use case

Yesterday, David Hoffman's "Ethereum Currency Model" was shared. About Ethereum's Money story, this year's recommendation is Ben Kaufman's Money use case for Bitcoin, which mainly explains and analyzes Bitcoin from economics. Currency use case.

Bitcoin's monetary properties

 In the conclusion of analyzing the monetary attributes of Bitcoin, we saw how the transition of monetary assets from physical to digital domains has not only enabled us to achieve unprecedented improvements, but has also made the monetary attributes of assets highly flexible. Therefore, we can conclude here that, from the perspective of its "inherent" attributes, Bitcoin is unprecedentedly superior to all its predecessors.

Bitcoin production

Bitcoin production relies on a purely mathematical system. This feature provides an objective, universal way to audit the validity of Bitcoin units and enable fair and open competition in their production.

Bitcoin production seems to be the most ideal currency production process we may have. The fact that it is hard money, coupled with its simple and transparent production process, open and direct competition, and seemingly positive externalities, makes it significantly better than any of its predecessors. The second important consideration is usually related to the production process of money, which is the supply of money.

Supply of Bitcoin 

The cap is about 21 million Bitcoin units. This is often referred to as Bitcoin's "monetary policy" and is implemented by the economic activity of each participant in the Bitcoin network.

The decentralized nature of Bitcoin as a peer-to-peer network means that no central entity is authorized to determine Bitcoin's monetary policy. In view of its actual advantages, disadvantages and results, the reason for adopting a flexible monetary policy is very convincing today. This monetary policy has been considered by many to be the necessity of currency today.

Even before this modern attempt, it did not even mention its absolutely undisputed failure. Moreover, this argument becomes even weaker when we consider the more than 50 economic collapses caused by hyperinflation in the last century.

Bitcoin legitimacy

Although the possibility of acting on behalf of the government seems small in the short or medium term, this choice remains reasonable in the long run. Bitcoin has become important enough that the government has the potential to buy it as a substitute for gold, monetize it for its international monetary affairs, or as a "storage value" hedging tool.

Cognitive barriers to Bitcoin adoption

With more than a century of central bank services, people ’s general understanding of currency is completely flawed, and even more so in most academic discussions, they still believe they can use their complex mathematical models and inflation goals to "Adjust" the economy.

The last crisis of 2008 has shaken trust in the current system, which is correct, but most of the alternatives available to the public for understanding currency will only exacerbate the errors of the modern system.

Nowadays, even among many Bitcoin supporters, sayings such as "money is a statute issued by the state" or "money is just a common illusion" are only very common, which only explains the work of explaining Bitcoin and money Wide range.

Haseeb Qureshi: A Cryptocurrency Entrepreneur's Guide

Former Metastable's Haseeb Qureshi went to Dragonfly to write the first article for Dragonfly. From the perspective of VC, he founded a cryptocurrency startup. The article is very detailed. I like him to ask himself three questions first. be ready. Here are these three questions:

If you are not familiar with cryptocurrency, its culture, products and industry history, then you should take some time to learn first.

If you are not a technician, then if you want to build anything of value, you almost always need a technology co-founder. Fighting cryptocurrencies requires deep technical logging, and the founder's team rarely gets funding. Of course, the best way to find co-founders is to work at another startup.

The last question is, why build this startup? Is it for money? reputation? Or is it because the world needs what you want to build and you are the only one who can build it?

Startups that make money with little motivation. I don't know why-it doesn't seem to show the best people. On the other hand, startups eager to change the world often survive difficult times.

Another interesting piece of advice is the user's problem, all the great cryptocurrency companies that exist today have built at least what someone wanted then. These people may be just a small group: crypto punk, ETHheads, cryptocurrency traders, and more. But don't fall into the trap of building markets that simply don't exist.

The best way to bet on future trends is to build a small customer base that you believe will grow. Don't build a customer base that doesn't exist yet and try to imagine their future preferences. You will build endlessly, without feedback, and do not know if you are making any progress. For startups, this is almost purgatory.

In addition to these, he also wrote a series of suggestions on how to find VC fundraising, how to design the token structure, how to do marketing, etc. I think this is a must-read lesson for cryptocurrency entrepreneurs and it is worth recommending.

Manage by law or by code?

This article from Harvard University Press, Primavera De Filippi and Aaron Wright in "Blockchain and Law: Code Rules" examines the profound opportunities and legal and even moral challenges that blockchain technology brings.

With the wider emergence of Bitcoin and blockchain technology, we are ready to witness a new wave of decentralization and a new appeal that the world will be ruled by code rules. Blockchain technology will bring greater personal freedom and liberation, as these early technology advocates initially desired. Many crypto punk and decentralization advocates see blockchain technology as a new opportunity. They believe that blockchain technology is a new means of liberating people from the tyranny of governments and companies in a way that reminiscent of the early days of the Internet.

But this also brings great problems. Given that blockchain technology is still largely immature, there is a danger that prematurely adjusting the technology may prevent new and unexpected ones that have not been fully explored or discovered. App appears. At the same time, a complete lack of regulation can also cause problems. Given the lack of a clearly defined regulatory framework for blockchain-based applications, parties seeking to deploy the technology may find themselves in a gray area of ​​the law, unable to know whether what they are doing today is legal and will continue to do so.

The last author's words are worth our repeated thinking in the process of advancing blockchain and cryptocurrency:

 If the blockchain technology is mature, we may need to ask ourselves if we would rather live in a world where most of our economic transactions and social interactions are subject to the rule of law, which is universal, but also more flexible and ambiguous. So it's not perfectly executable, or do we prefer to succumb to code rules.
Decentralized blockchain-based applications are likely to free us from the tyranny of centralized intermediaries and trusted authorities, but the price of this liberation may be a greater threat-bound by code tyranny.

The grim future of the network and the hope of a new type of decentralized Internet

 The author is a business novelist, but this article is based on the environment that the market and politics are increasingly controlling Silicon Valley. It provides some thoughts on how the network will develop in the next ten years if the worst case happens. The author's writing is more literary and will continue to entangle the government's anti-censorship, anti-censorship, and anonymity.

If Urbit or a similar method works, maybe our dark web digital Frankenstein isn't needed at all. However, this story is unlikely to have such a happy ending. Get used to the idea of ​​stepping out of the fort and into a new and hasty new online world. Sometimes this experience can be frustrating and difficult at times, but I promise it will be more fun and rewarding than the bland hell network of the fortress.

Cryptocurrency of Bitcoin

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Mine or buy Bitcoin and Cryptocurrencies

When it comes to investing in crypto currencies, investors always turn to Bitcoins. Either they get influenced by the news that media is spreading or they are want to try something else to enhance their financial stability. Also, there are many investors who want to invest in Bitcoins so that they could hit a jackpot.
Showing Bitcoin Artistically in a trailer mode
Bitcoin Representation

If your primary aim is to invest in Bitcoins then you should be investing money which you are ready to lose because the chances of getting high returns in this tumultuous market are really tough. So, now the question arises, how to you invest then? Is buying is better or the mining of crypto coin? Before getting into any conclusions let us understand what is buying and mining of Bitcoin. 

What is buying of Bitcoin?

Buying bitcoin means the procedure of purchasing bitcoin from exchanges like Uno coin and also directly from marketplaces through other people. 
You can buy bitcoin from any person who holds it. You can use several purchasing ways to have bitcoin such as debit or credit cards, physical or real cash money and also crypto-currencies or digital cash.

In contrast to buying Bitcoin, mining of crypto coin is a process which involves verification of transactions and adds it into the public ledger. This whole procedure is known as the block chain and through this process new bitcoin are released. 

Advantages of buying bit coins over mining

·       Buying bitcoins are simple and instant because you are purchasing pre-existing bitcoins but bitcoin miners can take hours or days to mine their bitcoins.

·       It is easier to buy bitcoin than mining because mining sometimes get really expensive. In bitcoin mining, you have to purchase the hardware and have to pay high cost for electricity, security, regular maintenance and even for the internet.

·       The value of bitcoins can fluctuate during mining and a chance of having bitcoin mining profitability is low. So, the chances of having extra profit are less in mining than in buying bitcoin.
Value of Bitcoin or cryptocurrencies vis a vis other currencies depicted in diagram comparing with US dollar
Bitcoin Value

Mining of crypto coins “Bitcoin”

Bitcoin mining has all the potentials of turning into a big business, in itself. Bitcoin mining is a decentralized operation. This is the process in which computers confirm the fact that a transaction has actually happened on the network. 
The mining procedures include an accumulation of recent transactions into blocks and try to solve a code or difficult puzzle. Therefore, those who have the internet link with suitable hardware can easily run and participate in mining.
The participants who first figures out the puzzle problem will get place to the next block in the block chain and claim his rewards.
Representing Bitcoin Mining Pictorally
Representing Mining

Advantages of mining over buying bitcoins

·       Bitcoin mining assists their users to keep a track of their transactions.
·       You don't have to pay any extra fee for acquiring the coin apart from the investment in hardware.
·       It’s a tax-free currency that can be transferred anywhere within minutes.
·       You have money which gives you total control over it.

Bitcoin Core

Bitcoin Core is programmed to decide which block chain contains valid transactions. It includes a secure wallet that can be used to store, send and receive bitcoins.  The users of Bitcoin Core only accept transactions for that block chain, making it the Bitcoin block chain that everyone else wants to use.

Features of Bitcoin Core

Ø It ensures every block and transaction it accepts is valid.
Ø It is the Bitcoin core that provides you with so much of security and privacy while using the Bitcoin.
Ø It is convenient to run on most computers and Internet connections.
Ø An easy way for broadband users to contribute to less well-connected users as it supports the network.

Pic of Bitcoin on World Map
Bitcoin is Global

How to verify Bitcoin core?

An integral part of the Bitcoin network, it is a software program specially designed to correctly identify valid blocks on the block chain that contains valid Bitcoin transactions. If you are a Bitcoin user, you must understand the importance of Bitcoin core. You need to obtain the Bitcoin verification.
Before using the Bitcoin core, you need to verify the Bitcoin core. For example, check the downloading system because there might be something harmful or evil and cause bad effects when run the system. You also need to verify the server hosting of the download.
Pictoral View of Screenshot Verifying Bitcoin Core
How to Verify Bitcoin Core
Two simple ways to verify bitcoin core:

·       First Way to Verify Bitcoin Core

To do the verification of the Bitcoin core, on Windows you can check this just by the right click of the installer. This is followed by the selection of the properties to go to the digital signatures tab smoothly. Please see that it is signed by The Bitcoin Foundation or not. You must know that the final Windows and Mac installers are digitally signed by The Bitcoin Foundation to ensure its authenticity.

·       Second Way to Verify Bitcoin Core

You can easily and simply verify the hashes of the Bitcoin core release that you download by the above information. If you want full security and safety, you should also use OpenPGP software like gpg to verify that the hashes were signed by someone you trust and are 100% real.


The both sides of bitcoin, buying and mining have some pros and cons which makes them suitable or not for the users. As per the above information, you should buy bitcoin rather than mining because bitcoin mining requires a lot of time as well as money.
If you want bitcoin mining, you need to have a lot of money. You can use some renewable sources of energy like solar to build a farm, that will for sure offer you great profit from mining. If you don't have enough money, don't waste your time and energy on bitcoin mining.

Tags: Bitcoin Mining, Buying Bitcoin, Buy Bitcoin Online, Buying Cryptocurrency, Mining Crypto currency

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