Latest Research Report on Open Source Software Market by industry Share, End User, Trend, Opportunity Analysis and Industry Forecast to 2025 – Nyse…

Open Source Software Market Industry Forecast To 2025

This Research report comes up with the size of the global Open Source Software Market for the base year 2020 and the forecast between 2020 and 2025. Market value has been estimated considering the application and regional segments, market share, and size, while the forecast for each product type and application segment has been provided for the global and local markets.

The Open Source Softwareindustry has been experiencing a solid growth rate over the previous decade is expected to achieve a lot in forthcoming decades. Thus, it is essential to identify all investment opportunities, upcoming market threats, restraining factors, challenges, market dynamics, and technological advancements to strengthen footholds in Open Source Softwareindustry. The proposed research has analyzed all the above elements to present a detailed analysis to the reader that inspires to achieve expected growth in their businesses.

Major Manufacturer Detail:Intel, Epson, IBM, Transcend, Oracle, Acquia, Actuate, Alfresco Software Inc, Astaro Corp, RethinkDB, Canonical, ClearCenter, Cleversafe, Compiere Inc, Continuent Inc

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Types of Open Source Software covered are:

SharewareBundled SoftwareBSD(Berkeley Source Distribution)Other

Applications of Open Source Software covered are:

BMForumPHPWindphpBBOther

The Open Source Software report offers detailed profiles of the key players to bring out a clear view of the competitive landscape of the Open Source Software Outlook. It also comprehends market new product analysis, financial overview, strategies and marketing trends.

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Regional Analysis For Open Source SoftwareMarket

North America(the United States, Canada, and Mexico)Europe(Germany, France, UK, Russia, and Italy)Asia-Pacific(China, Japan, Korea, India, and Southeast Asia)South America(Brazil, Argentina, Colombia, etc.)The Middle East and Africa(Saudi Arabia, UAE, Egypt, Nigeria, and South Africa)

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Table of Contents:

Study Coverage:It includes key manufacturers covered, key market segments, the scope of products offered in the global Open Source Softwaremarket, years considered, and study objectives. Additionally, it touches the segmentation study provided in the report on the basis of the type of product and application.

Executive Summary:It gives a summary of key studies, market growth rate, competitive landscape, market drivers, trends, and issues, and macroscopic indicators.

Production by Region:Here, the report provides information related to import and export, production, revenue, and key players of all regional markets studied.

Profile of Manufacturers:Each player profiled in this section is studied on the basis of SWOT analysis, their products, production, value, capacity, and other vital factors.

Reasons to buy:

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In conclusion, the Open Source Software Market report is a reliable source for accessing the Market data that will exponentially accelerate your business. The report provides the principle locale, economic scenarios with the item value, benefit, supply, limit, generation, request, Market development rate, and figure and so on. Besides, the report presents a new task SWOT analysis, speculation attainability investigation, and venture return investigation.

Contact Us:Mr. Kevin Thomas+1 513 549 5911 (US)+44 203 318 2846 (UK)Email: [emailprotected]

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Latest Research Report on Open Source Software Market by industry Share, End User, Trend, Opportunity Analysis and Industry Forecast to 2025 - Nyse...

How one company is using Ubuntu Linux to make its IoT platform safer and faster – TechRepublic

Engineers at Bosch Rexroth have chosen an open source way to power their app-based automation platform, citing better security and faster time to production.

Ubuntu manufacturer Canonical has announced a partnership with Bosch Rexroth to put Ubuntu Core in its app-based ctrlX AUTOMATION platform. Ubuntu Core, which is designed for embedded environments and IoT devices, will be used alongside snaps (Linux application containers) to produce an open source platform with simple plug-and-play software.

According to Canonical, the choice of using Ubuntu instead of proprietary software means that industrial machine manufacturers "are freed from being tied to PLC specialists and proprietary systems with the software being decoupled from the hardware."

Adding snaps to the picture makes ctrlX AUTOMATION powered by Ubuntu Core even more useful, Canonical said, because it allows workflows like DevSecOps and CI/CD to deliver quick, packaged software to edge hardware "in a traditional operating technologies (OT) environment."

SEE:5G: What it means for IoT (free PDF)(TechRepublic)

TechRepublic has predicted the rise of open source automation before, and it looks as if Canonical and Bosch Rexroth are some of the first to deliver a platform partnership that gives us what Jack Wallen predicted at the end of 2019.

Sure, his predictions were of open source automated software running amok, but the positives of what he predicted ("impressive automation [driven by] Helm, Terraform, and other Kubernetes-centric tools") is fairly spot on here.

In the case of ctrlX AUTOMATION, which uses Linux snaps to power its software, the result is impressively automated security.

Linux snaps, as built for ctrlX, are designed to operate in complete isolation. They're packaged with all their dependencies, can't be altered once deployed, and can act on their own to roll back to previously known good versions in case of emergency.

Snaps can be developed using C, C++, Python, JavaScript or Go, which is uncommon in industrial settings where specialized languages like IEC 61131 and G-Code have typically dominated.

SEE: Python programming language: A cheat sheet (TechRepublic)

Holger Schnabel, product owner of ctrlX CORE at Bosch Rexroth, said that the design of ctrlX AUTOMATION is the future of IoT. "With the support of Ubuntu Core, ctrlX AUTOMATION can combine the worlds of automation and IoT in an open, modular and secure way to build a future proofed and innovative automation platform."

In this single example, Bosch Rexroth picked Ubuntu Core to drive its IoT automation suite for industrial tools. There's no reason that automation powered by open source software is restricted to the industrial world, though.

As Wallen said in a piece about the best open source innovations of the decade: "open source is at the very core of IoT devices. Why? Two words: Linux kernel. Because the Linux kernel can be stripped down to a bare minimum of services and software, it's perfect for embedded devices."

It's possible the IoT world won't move away from proprietary software, but if a company as large as Bosch is choosing to embrace it maybe we will see a universal, open standard for the future of the internet of things.

You don't want to miss our tips, tutorials, and commentary on the Linux OS and open source applications. Delivered Tuesdays

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How one company is using Ubuntu Linux to make its IoT platform safer and faster - TechRepublic

Hard Drive Delivered to Microsoft HQ to Copy Windows 7 Source Code Company Asked to Open Source Windows 7 to Prove Its Not Fooling Its Users -…

Windows 7 hit its end of service deadline on January 14 and things have since got interesting. From free Windows 10 upgrade offer that was supposed to have expired back in 2016 to people demanding Microsoft to open source the operating system, who knew pulling the plug would end up giving Windows 7 even more life.

We reported a few weeks back that the Free Software Foundation along with some other groups were asking Microsoft to open source Windows 7 to "undo past wrongs." The Foundation has now delivered a hard drive to Microsoft asking the company to copy the source code and give it a license note to prove that "they really do love free software."

Microsoft Releases Colorful New Windows 10X Icons for Regular Windows 10

Here's the complete statement (via MSPU; emphasis is ours)

This afternoon [Feb, 13] we will be mailing an upcycled hard drive along with the signatures to Microsofts corporate offices. Its as easy as copying the source code, giving it a license notice, and mailing it back to us. As the author of the most popular free software license in the world, were ready to give them all of the help we can. All they have to do is ask.

We want them to show exactly how much love they have for the open source software they mention in their advertising. If they really do love free software - and were willing to give them the benefit of the doubt - they have the opportunity to show it to the world. We hope theyre not just capitalizing on the free software development model in the most superficial and exploitative way possible: by using it as a marketing tool to fool us into thinking that they care about our freedom.

Together, weve stood up for our principles. They can reject us, or ignore us, but what they cannot do is stop us. Well go on campaigning, until all of us are free.

Microsoft may be using the free software model as a marketing strategy, but the company cannot just open source an operating system that continues to power 1 in every 4 computers in the world. The company has also reused some of the code in Windows 10, making things even more tricky.

The FSF does seem to realise this, adding in its statement that its campaign has been called "quixotic and even 'completely delusional'," however, it says that there are people who "have recognized the "pragmatic idealism" that is at the core of the FSF's message." The Foundation says that it wants "all software to be free software," including every operating system.

Well, Microsoft did come around the Linux issue, so who knows...

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Kyligence Grows OLAP Business in the Cloud – Datanami

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Companies that need to analyze large amounts of data have many options available to them these days. One option they may want to be aware of is Kyligence, which develops a distributed OLAP query engine that can run on prem and in the cloud.

Kyligence is the enterprise software firm behind Apache Kylin, the open source OLAP engine that was originally developed at eBays R&D headquarters in Shanghai, China. Kyligence was founded by the creators of Kylin, and most of the contributors of the open source project are now employees at Kyligence.

eBay created Kylin to accelerate queries on big data sets (measuring in the billions of rows). The software makes use of numerous components in the Hadoop ecosystem, including Hive, HBase, Spark, and Calcite, to essentially rearrange data into a multi-dimensional cube, which can then be queried via regular SQL clients, like Tableau, Qlik, MicroStrategy, or even Excel.

The OLAP cube approach is not new, and has been used in the business intelligence world for decades. By storing the data in a cube format, it essentially is pre-aggregated along commonly used dimensions (such as geography, customer, or time), which can significantly speed up the response time when a user submits a query.

A Kyligence data flowchart when running atop Azure (Image source: Kyligence)

Despite the advances in big data technology, the OLAP concept retains its core advantages in the modern data warehousing age. That means investments in OLAP continues to deliver benefits like faster data load times, faster response times, and the capability to serve data to large number of concurrent users than if the data is stored in a basic relational format.

As data sets continue to get bigger, customers keep running into technical challenges to query it in a timely manner. Compared to older single-system OLAP engines, todays distributed OLAP engines from Kyligence and others continue to push the analytics envelope and deliver value to the largest companies with the biggest SQL query challenges.

Kyligence is based in Shanghai, China, and counts some of Chinas largest companies in the financial services, retail, and manufacturing industries as customers. The list of Kyligence customers includes firms like Baidu, Huawei, China Mobile, Lenovo, McDonalds, China Telecom, WeBank, and LOreal Paris. Most of the companys 50 to 100 paying clients are based in China, but a few are based in Japan, South Korea, and the United States.

One client, the Shanghai-based bank UnionPay International, used Kyligence to modernize a Cognos-based business intelligence system. Before it adopted Kyligence, the company was using IBM Cognos software on the backend to maintain 1,200 separate OLAP cubes. Updating those cubes required the services of more than 1,000 ETL jobs, and the process took four days to complete.

Kyligence CEO and founder Luke Han meeting with Microsoft CEO Satya Nadella (Image courtesy Kyligence)

Following the implementation of Kyligence Enterprise, bank employees kept the Cognos software on the front-end, but on the backend, it was able to reduce the number of cubes down to two cubes (or supercubes), both of which were kept updated with a single ETL job that completed in less than four hours, according to a case study.

Kyligence is hoping to use its momentum in China to jumpstart its business in the United States. In early 2019, the company established its US headquarters in San Jose, California, which enables it to provide local technical support for customers in North America. The company currently has more than 10 employees at the site, and is looking to hire more, according to Jennifer Li, Kyligences head of marketing and partnership.

We believe at some point customers here need local support, which is why we are here, Li tells Datanami. We see our business growing in the US. Lots of customers are here, and we need local people to support them.

The companys North American strategy will feature a heavy dose of clouds. In September, Kyligence announced that its OLAP software is available on all three major public clouds. With Kyligence Cloud 3.0, customers can take advantage of native storage available on those cloud platforms, including AWS S3, Microsoft Azure Blob Store, and even Snowflake. Whats more, the OLAP cloud offering does not have any underlying dependencies on Hadoop.

Weve built Kyligence Cloud with the purpose of simplifying big data analytics in the cloud, Kyligence Founder and CEO Luke Han stated in a press release at the time. While this lowers the TCO, it also delivers unmatched performance and high concurrency OLAP for cloud data.

The majority of Kyligence customers (about 70%) run on-premise at this point. However, about 60% of new proof of concepts (POCs) are being conducted in the cloud, according to Li. Both sets of customers cloud and on-prem are expected to grow as Kyligence establishes itself as a player in the market for distributed OLAP engines.

With its elastic compute, Kyligence views the cloud is a key resource for enabling its customers success. The company has the most history running on Azure, owing to its close relationship with Microsoft. Kyligence claims that 80% of queries on Azure are delivered within one second, while the exceptions involving queries of high cardinal data are all delivered within three seconds.

Kyligence has attracted $48 million in funding since it was founded in 2016, with the most recent round, a Series C, bringing $25 million into the companys coffers. The company is competing against the likes of AtScale, Kyvos Insights, Cloudera via its acquisition of Arcadia Data, and Dremio, which is moving up-platform from its Apache Arrow roots.

Kyligence also competes to a certain extent against Apache Kylin, the open source OLAP database at the heart of the Kyligence offering. However, there are a number of enterprise features and capabilities that are present in Kyligence Enterprise that dont exist in Kylin. That makes the Apache Kylin community, which numbers north of 1,000, a reliable feedstock for future Kyligence customers.

Kyligence sits between multiple data sources and interfaces with BI clients via ODBC and MDX interfaces (image source: Kyligence)

Kyligence Enterprise extends and builds on Kylin in certain key areas. For starters, while Kylin offers a basic multi-dimensional OLAP engine (MOLAP), Kyligence Enterprise technically runs a hybrid OLAP (HOLAP) engine that combines relational and OLAP, according to the Kyligence website. Also, while Kylin offers pre-calculation in its MOLAP database, Kyligence Enterprise offers pre-calculation as well as an index and a cache.

Both Kyligence Enterprise and Kylin support smart pushdowns of queries. But Kyligence Enterprise offers an ODBC driver, whereas the driver must be supplied by the user with the open source software, according to Li. Kyligence Enterprise also supports read/write separation; auto modeling; refreshing of partitioned data; drilldown to raw data; and support for cube, row, column, and cell-level data access control. It also offers certification with BI vendors.

The company is currently working on its augmented AI strategy. This entails the use of machine learning to learn about the types of queries that users run. That information can then be used to optimize the delivery of similar queries going forward.

As Kyligence further establishes its presence in Silicon Valley and the United States, it will be a company to keep an eye on, particularly for those firms in need of distributed OLAP capabilities.

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Kyligence Grows OLAP Business in the Cloud - Datanami

Presidential Pardons Through History: Whos Received Them? – The New York Times

For as long as there has been a republic, American presidents have been granting pardons and no, you dont need a lifeline from Geraldo Rivera.

Mr. Rivera, the Fox television personality, vouched for the former New York City police commissioner Bernard B. Kerik to get a pardon from President Trump, who this week granted clemency to Mr. Kerik and 10 other people.

Among them were the so-called junk bond king of the 1980s, Michael R. Milken, and Edward J. DeBartolo Jr., a former owner of the San Francisco 49ers, as well as the former Illinois governor Rod R. Blagojevich, whose corruption sentence was commuted by Mr. Trump.

They joined an exclusive club of reclamation figures, many of them with sordid pasts and political connections: politicians and pirates, the owner of the New York Yankees, fixers in the Iran-contra affair, Deep Throat and a former president, Richard M. Nixon.

Is Roger J. Stone Jr. the ally of Mr. Trump sentenced Thursday to 40 months in prison for obstruction and perjury next?

Here is a sampling of some of the more infamous pardons and the presidents who granted them.

Washington didnt wait long to exercise the pardoning authority of the president prescribed by the Constitution, which historians said was one of the few aspects of monarchy rule in England that the framers adopted.

In 1795, Washington granted the first pardons to John Mitchell and Philip Weigel, who were convicted of treason for their roles in the Whiskey Rebellion. The insurrection broke out in western Pennsylvania after the federal government placed a steep excise tax on distilled spirits.

Early on, the framers had debated which branch of the government should have the power to pardon the president or Congress.

There was this fear about a too-powerful president, Barbara A. Perry, the presidential studies director at the University of Virginias Miller Center, said in an interview this week.

The French pirates Jean Lafitte and Pierre Lafitte were best known for their marauding ways in the Gulf of Mexico. The two brothers smuggled goods and enslaved people to southern Louisiana and flouted the law.

Jean Lafitte redeemed himself when he helped defend New Orleans during the War of 1812, earning a pardon from Madison for his and his brothers smuggling crimes. A national historical park and preserve is named after Jean Lafitte, as well as a former blacksmith shop on Bourbon Street that legend has it was used by the brothers and has laid claim to being the oldest structure used as a bar in the United States.

John C. Frmont, known as the Pathfinder of the Rocky Mountains, was a central figure in the exploration of the West. He was the military governor of California and an Army officer. But his insubordination during the Mexican-American War led to Frmonts being court-martialed.

Polk pardoned Frmont, who went on to become the newly formed Republican Partys first presidential nominee in 1856, a race that he lost.

Brigham Young, a patriarch of the Church of Jesus Christ of Latter-day Saints, ascended to power as the first governor of the Utah Territory. But tensions had been festering between the federal government and the colonists in Utah, which prompted Youngs removal by Buchanan.

The president sent U.S. Army soldiers to Utah to assert federal rule in the territory in what was known as the Utah War. Buchanan ultimately pardoned Young for treason and sedition.

In 1862, a band of Dakota Indians attacked white settlements in the Minnesota frontier and was accused of killing 490 people, including women and children. The hostilities culminated years of strained relations between the influx of settlers and the starving Dakota, historically known as the Sioux, who had been promised food and other supplies in a series of broken peace treaties.

Lincoln, whose grandfather had been killed by Native Americans, spared 265 of 303 Dakota who had been condemned to death. They were either fully pardoned or died in prison.

I could not afford to hang men for votes, Lincoln said at the time.

On Christmas Day 1868, Johnson granted pardons to all those who fought for the Confederacy during the Civil War.

I think there is almost this religious sense of mercy and clemency to try to bring the country back together, Professor Perry said.

Johnson was also known for pardoning Samuel A. Mudd, the doctor and tobacco farmer who was convicted of conspiracy in Lincolns assassination after he helped set the broken leg of John Wilkes Boothe and harbored him following the shooting.

James Michael Curley was the embodiment of Bostons Democratic machine. He was elected mayor several times, but his incumbency was interrupted by multiple defeats. He served in Congress and as Massachusetts governor.

Curleys political career was also marred by corruption and cronyism. He spent five months in federal prison after being convicted of mail fraud. In 1950, Truman granted Curley a full pardon after securing his release.

Ford granted 382 pardons in 29 months after assuming the presidency in 1974, according to Justice Department records.

None has been dissected more than Fords pardon of former President Richard M. Nixon for all federal crimes he committed or may have committed or taken part in while in office. The pardon came only weeks after Nixon became the first and only U.S. president to resign from office.

Nixon had been facing impeachment by the House and almost certain conviction by the Senate for impeding the investigation into the breakin at the Democratic headquarters in the Watergate complex. The men involved in the break-in were tied to agents of Nixons re-election campaign.

Ford did not want the circus of that to be plaguing him through his presidency, Professor Perry said, pointing out that the pardoning of Nixon cast a dark shadow over Fords 1976 campaign. That was probably the primary reason for Fords defeat.

Ford was also known for pardoning Iva Toguri DAquino, the Japanese-American who was linked to the Tokyo Rose broadcasts and was convicted of treason in 1949 for disseminating propaganda from Japan to U.S. servicemen in World War II. She maintained her innocence until her death in 2006.

It has been 10 years since he died, but legions of baseball fans still know him as The Boss.

George M. Steinbrenner III, whose domineering largess turned the Yankees into a billion-dollar enterprise, was granted a pardon by Reagan for making illegal contributions to Nixons campaign in 1972.

Reagan also was known for pardoning W. Mark Felt, the No. 2 official at the F.B.I. who later revealed he was the informant known as Deep Throat during the Watergate scandal.

On Christmas Day 1992, Bush granted six Reagan administration officials pardons for their roles in the Iran-contra affair, including former Defense Secretary Caspar W. Weinberger.

Weinberger had been indicted on charges that he lied to Congress about secret arms sales to Iran that helped underwrite U.S.-backed rebels in Nicaragua.

The pardons wiped out one conviction, three guilty pleas and two pending cases in the Iran-contra affair, which drew condemnation from the independent prosecutor in the case, Lawrence E. Walsh.

Marc Rich, the fugitive financier who fled the United States after his indictment on charges of widespread tax evasion, illegal dealings with Iran and other crimes, received a last-minute reprieve from Mr. Clinton as one of the presidents final acts in office.

Not long after the pardon, it came to light that Mr. Richs former wife, Denise Rich, had made large donations to the Democratic Party and the Clinton library.

Mr. Clinton also pardoned Roger Clinton, his half brother, who had been convicted on drug charges; Patty Hearst, the publishing heiress convicted in a 1974 bank robbery; and Susan H. McDougal, a onetime Clinton business partner who was jailed in the Whitewater scandal.

In one of the largest uses of clemency power by a president, Mr. Obama pardoned 212 people and commuted the sentences of another 1,715 people during his two terms, according to the Justice Department.

Mr. Obama often granted clemency to those convicted of nonviolent crimes under tough drug laws, which disproportionately affected black and Latino people.

In 2017, Mr. Obama intervened in the case of Chelsea Manning, the former Army intelligence analyst convicted of leaking military and diplomatic materials to WikiLeaks in 2010. The president commuted all but four months of her 35-year sentence. Ms. Manning had been jailed for seven years. In May, Ms. Manning was sent back to jail after refusing to testify before a grand jury investigating WikiLeaks, an organization that publishes leaks online.

As one of his final acts in office, Mr. Obama pardoned Willie McCovey, the Hall of Fame first baseman for the San Francisco Giants, who pleaded guilty to tax fraud charges for failing to report tens of thousands of dollars received in fees from autograph shows.

Mr. McCovey, who died in 2018, had been sentenced to two years of probation and was fined $5,000.

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Presidential Pardons Through History: Whos Received Them? - The New York Times

The Surprising Way Millions Are Being Introduced To Bitcoin – Forbes

Young people are far more interested in bitcoin and cryptocurrencies than anyone elseand where are the young people today?

On short-form video-sharing app TikTok, where Square's Cash App, which made around $150 million in bitcoin revenue in its last quarter, is going viraland introducing millions to bitcoin and crypto.

Some of TikTok's biggest stars have been promoting Square's Cash App, one of the most popular way ... [+] for people in the U.S. to buy bitcoin.

In December last year, mobile payments company Square launched an influencer marketing campaign on TikTok, according to a report by news and analysis website Business Insider, paying some of TikTok's biggest stars to promote its Cash App.

Square, run by Twitter chief executive and bitcoin supporter Jack Dorsey, worked with musician and influencer Shiggy who had earlier created a song called Cash App, racking up 136.5 million video views with the hashtag #cashappthatmoney.

Cash App, which saw its first-time bitcoin buyers double following an app redesign in September, is one of the most popular mobile payments apps in the U.S.currently the second most popular finance app on the Apple App Store.

Sluggish bitcoin adoption, which has failed to live up to expectations in the aftermath of bitcoin's epic 2017 bull run, is often attributed to technologically-complex exchanges and apps putting off potential new users.

However, research has suggested many people who haven't yet bought bitcoin would be interested in doing so.

Late last year, it was found Grayscale Investments Bitcoin Trust, a publicly tradable bitcoin and cryptocurrency investment vehicle, is among the top five equity holdings for Millennials, next to technology giants Amazon, Apple, Tesla and Facebookand ahead of investor darlings Netflix and Microsoft.

The bitcoin price has soared in recent years but adoption and take-up of bitcoin and other ... [+] cryptocurrencies has failed to keep pace.

Meanwhile, companies like Square and major technology giants including Facebook and Samsung are developing products and services that will ease the route to bitcoin-buying.

Last month, Dorsey vowed to help bitcoin development through his payments company, Squarewhich said it's "only a matter of time until instant, low-fee bitcoin payments are as common as cash used to be."

"For bitcoin to become a widely used global currencyone that cant be stopped, tampered with, or rigged in anyones favorimprovements to bitcoins [user experience], security, privacy, and scaling are required," Square's cryptocurrency division wrote ina blog post.

Original post:
The Surprising Way Millions Are Being Introduced To Bitcoin - Forbes

The Key to Bitcoins Future: Inflation – Yahoo Finance

(Bloomberg Opinion) -- Bitcoin is back, sort of. The original cryptocurrency hasnt regained the lofty highs of its bubble peak in late 2017, but it has climbed back up to about $10,000:

Predictions that Bitcoin would collapse have not borne fruit. Despite its bubbles and crashes, the cryptocurrency is now a semi-permanent feature of the global financial landscape.

What it is not, however, is a generally accepted currency. Although many retailers now accept Bitcoin, the overwhelming majority of day-to-day payments are done in regular old fiat currency. The mere fact that the dollar price of Bitcoin remains an important metric indicates that Bitcoins central value is as a speculative asset, rather than its usefulness as a medium of exchange.

Its fairly obvious why. Because of Bitcoins price volatility, people dont want to hang onto it for very long. No one wants to get their paycheck only to find that it has halved in value by the time it comes to buy groceries. Also, optimists who think Bitcoins value will continue to go up on average over time will be reluctant to part with it in exchange for something ephemeral like a pizza; better to hang onto the BTC and buy pizza with depreciating dollars instead. (Disclosure: I still own a small amount of Bitcoin.)

In fact, these two reasons are just different sides of the same coin: Basic finance theory says that in a reasonably efficient market, high expected returns come at the expense of high volatility. An asset like Bitcoin, or the U.S. dollar, can be a good investment or can be good for buying stuff, but unless the economy is deeply dysfunctional, it cant be both.

Some economists, however, are thinking about how this situation might change, and whether Bitcoin or some alternative cryptocurrency might actually replace fiat money as the standard means of payment. This has big policy implications, because if it did become real money, cryptocurrency could interfere with central banks ability to manage the economy and the price level. It also matters for crypto investors wallets.

One possibility is that nothing needs to be done, and eventually Bitcoin will settle into a new low-volatility equilibrium, making it more suitable as a means of payment. Economists Michael Choi and Guillaume Rocheteau have made a model in which this happens. The problem is that the model sees Bitcoin competing with other commodity-like forms of money, such as gold or other cryptocurrencies. Their result relies on the idea that liquid assets will always be in short supply. In reality, Bitcoin is competing against fiat currencies that can be produced more or less costlessly.

A more plausible prediction comes from economists Jonathan Chiu and Thorsten Koeppl. Like other economists who have theorized about Bitcoin, they view cryptocurrencys fundamental challenge as that of preventing double-spending in other words, verifying electronically that someone really has the money when they make a payment. This issue of digital trust, after all, is the problem Bitcoin was designed to solve.

Chiu and Koeppl suggest that to become useful as a form of money, a cryptocurrency should be inflationary. The people who verify Bitcoin transactions, called miners, are now compensated for their usage of computing power by being awarded new Bitcoins, but the rewards are decreasing over time. One of the basic ideas of Bitcoin, which stems partly from the hard-money beliefs of its creators, is that the cryptocurrency should be deflationary that its supply should be limited, and its value should increase over time due to increasing scarcity. This means that eventually, miners will have to be rewarded with transaction fees instead of new Bitcoins.

Chiu and Koeppl say this is a bad idea. Transaction fees, they note, are levied on a small population that is, whoever is doing the transaction. To make it worth the miners while, the fees must be very high, which discourages people from transacting in Bitcoin. If miners are instead paid with inflation, the cost gets spread out among everyone who owns Bitcoin. Also, transaction fees make a double-spending attack more potentially lucrative, because creating a fake transaction would also save money on the fee. Thus, they recommend sticking with the inflation method of payment, and letting cryptocurrency depreciate over time like the U.S. dollar does.

Story continues

This could be exactly what cryptocurrency needs in order to turn into real money. Negative expected returns essentially, a low and stable inflation target would make Bitcoin less attractive as a long-term investment. Instead of hoarding it, people would be fine getting rid of it in exchange for pizza. The currencys value might then stabilize, as speculation decreased.

Abandoning the dream of deflationary digital gold might be hard for Bitcoins adherents to accept. But other cryptocurrencies, such as ZCash, Monero, Dash or Facebook Inc.s Libra might step in to fill the gap. Of course, they would still have to overcome the technical problem of being able to handle large transaction volumes as cheaply and easily as a credit card company, but Chiu and Koeppl are confident that this is possible.

So ironically, cryptocurrency might only become a currency if it acts more like the U.S. dollar, with a low but predictable inflation target.

To contact the author of this story: Noah Smith at nsmith150@bloomberg.net

To contact the editor responsible for this story: Stacey Shick at sshick@bloomberg.net

This column does not necessarily reflect the opinion of Bloomberg LP and its owners.

Noah Smith is a Bloomberg Opinion columnist. He was an assistant professor of finance at Stony Brook University, and he blogs at Noahpinion.

For more articles like this, please visit us at bloomberg.com/opinion

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The Key to Bitcoins Future: Inflation - Yahoo Finance

The Bitcoin Con Call Twitter CEO Talks with Internet Pioneers from Africa and Hong-Kong – Coingape

Jack Dorsey, the CEO/Founder of Twitter and Founder of Square Crypto is not shy when it comes to Bitcoin. It is evident on his Twitter page and the efforts he has been putting around it.

Today, Dorsey posts the snapshot of a conference call with Dr.Nii Quaynor and Pindar Wong.The topics of discussion Bitcoin.

Dr. Quaynor and Wong have played key roles in Africa and Hong Kong, respectively, for the establishment and development of the internet.

Dr. Nii Quaynor, is a computer science engineer and scientist who is the first African to be elected as a board member in ICANN (Internet Corporation for Assigned Names and Numbers). Moreover, he has worked for nearly two decades to bring internet facilities to Africa.

On the other hand, Pindar Wong was responsible in bringing licensed ISP services in Hong-Kong. He has also served as an ICANN board member. Currently, he is heading VeriFi ltd, a digital infrastructure company for Financial Servcices in Hong-Kong.

Apart from SquareCrypto, which is Dorseys focus area currently apart from Twitter. As reported earlier on CoinGape, Dorsey has focused on bringing Bitcoin to Africa to help the economy of the region. Ideally, early Bitcoin adoption could provide for greater global financial inclusion in the future.

Furthermore, Hong-Kong is a developed city, however, riddled with administrative tussle with the Chinese Government. The outbreak of violent protests and police retaliation last year caused a lot of stress across the region and globally, as well.

As their demand for independence from the Government grew stronger, Bitcoin witnessed a huge uptrend in price. Dorsey is now discussingBitcoin adoption in the two economies, one requiring growth and other, demanding independence.

The conference call also had Steve Lee, an angel investor and previously, Product Director at Google. He is also working with Square Crypto, at the moment.

Do you think this a bullish signal for Bitcoin? Please share your views with us.

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The Bitcoin Con Call - Twitter CEO Talks with Internet Pioneers from Africa and Hong-Kong

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Jack Dorsey, the CEO/Founder of Twitter and Founder of Square Crypto is not shy when it comes to Bitcoin. It is evident on his Twitter page and the efforts he has been putting around it.

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Nivesh Rustgi

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CoinGape

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The Bitcoin Con Call Twitter CEO Talks with Internet Pioneers from Africa and Hong-Kong - Coingape

Bitcoin Price Pattern Hints Lift-off to $10,000 Over The Weekend – Coingape

Bitcoin has been trading within an upward channel since the beginning of January. The channel has withstood both bearish force and bullish forces except the dip this week that saw Bitcoin price dive to lows of $9,281 (on Coinbase). In other words, it has been a week that has seen the sellers do more damage compared to the good brought forth by the buyers.

Following the recovery to levels as high as $10,330, Bitcoin dived under $10,000. However, this time the losses penetrated the support at $9,500. The sellers extended the bearish leg under $9,300, hitting a weekly low at $9,281.

A visible recovery on Friday has sent Bitcoin above the critical $9,700 level. This zone has worked as a stepping stone for BTCs surge above $10,000 before and is expected to provide the pedestal once again. Scanning the levels to the north, Bitcoin bullish movements are likely to encounter resistance at $9,800, the broken channel support and the 100 SMA on the 4-hour chart.

Bitcoin price has also completed the classic ABC pattern following the resistance at $10,500 and the support at $9,500. It is, therefore, important that Bitcoin uses the weekend to push and establish support above $10,000. The downside of not seeking higher support is that sellers are likely to increase their entries with Bitcoin tumbling to $9,000.

For now, the price is largely in the hands of the bulls. Most analysts believe the weekend session would be a success for Bitcoin but I would suggest keeping the asset on the watch list until a clear map is made above $9,800.

Spot rate: $9,714.78

Relative change: 107

Percentage change: 1.12%

Trend: Bullish

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Bitcoin Price Patten Hints Lift-off to $10,000 Or Breakdown To $9,000

Description

Bitcoin price prints a classic ABC pattern likely to see the price back to $10,000 but only if the resistance at $9,800 is broken.The bulls cannot afford to have another slump under $9,500 as it will open the road to $9,000.

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John Isige

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Coingape

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Bitcoin Price Pattern Hints Lift-off to $10,000 Over The Weekend - Coingape

Bitcoin [BTC] Prints Rising Wedge Pattern With Potential To Fall To $6,800: Analyst – Coingape

Bitcoin has been struggling for the last two weeks, although the asset has tried to break out of its bearish trend the asset has been pulled right back. One analyst says that Bitcoin is now in a textbook rising wedge. This means despite the drop to recent lows, there could be further downside in the weeks to come.

Volatility has risen to a three month high. This was confirmed mid-week when Bitcoin dropped from highs $10,100 to reach current lows of $9,600. Current volatility levels date back to November. On Wednesday, in less than an hour, Bitcoin crashed from $10,168 to test the $9,400 support.

This volatility is not expected to go any time soon. The on-chain activity has shown that whales have been moving loads and with every transaction, retail investors will be reacting. This could see them pump or dump.

Krakens research has confirmed the emergence of whales noting that wallets with 1K BTC to 10k BTC recorded heightened activity in the second half of January.

Analyst Monetae says that volatility makes indicators go crazy. They rapidly change depending on sentiments on the market. This makes it much harder to predict what prices will do next.

According to the latest trend, Monetae says that Bitcoin has printed a Rising Wedge pattern. He notes:

This pattern was formed by higher highs combined with small pullbacks during this seven-weeks trend.

Bitcoin was in January and early Feb recording small pullbacks which showed its strength going upwards. But heading to the $10,500 position, the analyst notes that trading volume was dropping. This showed that investors were not supporting higher price positions. As a result, the $10,500 position was rejected.

By dropping from $10,500 to $9,200 within 6 days, the support Line of the Rising Wedge broke, the analyst says.

In addition to this, since Bitcoin plunged, it is now moving below the EMA 20. This is another bearish sign that means Bitcoin could test lower lows.

As mentioned, indicators are going crazy. They are changing fast as a result of volatility. There are however more than enough reasons to be bullish about Bitcoin despite short term downfalls.

Summary

Article Name

Bitcoin [BTC] Prints Rising Wedge Pattern With Potential To Fall To $6,800: Analyst

Description

Bitcoin has been on a bearish trend for the last two weeks. Despite dropping to lows of $9,200, one analyst believes that since it has printed a Rising Wedge pattern, there's potential for further downside. The target being $6,800.

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John Kiguru

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CoinGape

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Bitcoin [BTC] Prints Rising Wedge Pattern With Potential To Fall To $6,800: Analyst - Coingape