Author: Martin Barja

The End of Central Banks? Lyn Alden Reveals the Secret to Getting Countries to Adopt Bitcoin as a National Currency

In a recent interview with investor Scott Melker, renowned economist and Bitcoin advocate Lyn Alden shared her views on how countries can begin to integrate the standard. Bitcoin in their financial systems. This approach, according to Alden, could pave the way for digital currency to replace central banks in the not-so-distant future, especially in a context where US debt has reached an all-time high of $35 trillion.

A Progressive Transition to Bitcoin

Alden suggests that governments interested in adopting the Bitcoin standard, a concept popularised by economist Saifedean Ammous in 2018, could start by incorporating small amounts of Bitcoin (BTC) into their national reserves. This first step would allow countries to familiarise themselves with the cryptocurrency and begin building a decentralised financial infrastructure that, in the long run, could serve as an alternative to traditional fiat currencies and central banks.

Creating an Enabling Environment for Bitcoin

In addition to integrating Bitcoin into national reserves, Alden advocates the creation of favourable policies that encourage the use of BTC in the everyday economy. This could include eliminating taxes on small transactions made with the cryptocurrency, thus facilitating its acceptance as a medium of exchange or even as legal tender.

Challenges and Opportunities for the Bitcoin Standard

While Alden acknowledges that global adoption of Bitcoin as a universal reserve asset is still a distant goal, he stresses the importance of moving forward gradually. According to the analyst, as the cryptocurrency market expands and more technological infrastructure is developed around Bitcoin, the chances of Bitcoin replacing central banks will increase significantly.

The US Debt Crisis as a Catalyst

Rising US debt and its financial implications are accelerating interest in Bitcoin at both the institutional and governmental levels. Alden notes that, amid the country's fiscal difficulties, assets such as Bitcoin are gaining ground because of their liquidity and the confidence they generate in the face of the eroding value of the dollar.

Growing Support among Influential Figures

Lyn Alden is not alone in seeing the US debt crisis as a driver for Bitcoin adoption. Other influencers such as Jack Mallers, Ray Dalio and Mike Novogratz have also pointed out that concerns about inflation and loss of confidence in the dollar are leading more people to consider Bitcoin as a viable alternative.

In a further twist, presidential candidate and long-time Bitcoin critic Donald Trump has recently voiced his support for the cryptocurrency, promising that, if he becomes president, he will include Bitcoin in the country's reserves. Should this come to fruition, the United States could follow in El Salvador's footsteps and become one of the first major countries to adopt the Bitcoin standard, which could trigger a domino effect in other nations.

Conclusion

As global economies face increasing challenges, Lyn Alden's proposal offers an innovative path for countries seeking decentralised and apolitical alternatives to traditional financial systems. With a gradual approach and supportive policies, the Bitcoin standard could become a reality for more nations in the near future.

IceRiver launches new AL0 miner for Alephium, what about KS0 for Kaspa?

The renowned brand Ice River is proud to announce the launch of its latest product, the AL0. This new device is an adapted version of their successful KS0 model, designed specifically for the mining of Alephium (ALPH). The AL0 promises to revolutionise cryptocurrency mining with its impressive capabilities and efficiency.

AL0 miner characteristics

The AL0 retains the same technical specifications as the AL0. KS0The power consumption is 100W, with a mining power of 400 GH/s. However, its Alephium-optimised design allows it to generate significantly higher revenues. With a daily mining capacity of approximately $22 in Alephium, the AL0 can generate up to $600 per month, compared to the $1.20 per day or $35 per month that the KS0 generates mining KaspaThe same amount of energy is consumed and the same Gigahertz power is delivered.

What is Alephium (ALPH)?

Alephium is a fully functioning layer one blockchain with sharding, designed to address the scalability, accessibility and security challenges faced by today's blockchains. It is an ideal platform for both developers looking to build scalable decentralised applications (DApps) and individuals interested in decentralisation and security.

Alephium's innovative technologies

  • ScalabilityBlockFlow: Uses the BlockFlow fragmentation algorithm to improve scalability, allowing parallel transactions and achieving around 10,000 transactions per second.
  • Energy efficiencyProof-of-Less-Work (PoLW) consensus mechanism that adjusts the mining difficulty in real time, significantly reducing energy consumption compared to other Proof-of-Work (PoW) algorithms.
  • Programmability and securityUnspent Transaction Output (UTXO): By applying the Unspent Transaction Output (UTXO) model, Alephium improves the security and efficiency of transactions.
  • Virtual machine and programming languageIt has its own virtual machine and a programming language optimised for smart contracts, providing superior security and performance.

More about the Alephium project

Alephium is designed to solve some of the most pressing problems of traditional blockchains, such as scalability and security. The blockchain uses an innovative model that combines UTXO with sharding, enabling efficient and fast transaction processing. This structure facilitates the creation of decentralised applications and smart contracts that are both scalable and secure.

Proof-of-Less-Work (PoLW) is a significant advancement in the field of cryptocurrency mining, as it adjusts the mining difficulty based on real-time network conditions, resulting in much lower power consumption without sacrificing security or performance. This makes Alephium an attractive option not only for DApp developers but also for miners looking for a more sustainable and efficient solution.

Alephium also stands out for its commitment to energy efficiency and sustainability. The use of PoLW and the sharding structure make Alephium more efficient than many other blockchains that rely on traditional Proof-of-Work. In addition, the combination of UTXO with sharding allows Alephium to handle a high volume of transactions efficiently, ensuring both speed and security of transactions.

With these innovative features, Alephium provides a blockchain platform that is not only scalable and secure, but also energy efficient, opening up new possibilities for the development of robust and reliable decentralised applications.

Is Kaspa's price predictable? Power Law

In the vast and dynamic universe of cryptocurrencies, Kaspa is emerging as a significant contender. Unlike many alternative currencies, Kaspa has a distinguishing feature: its price follows a power law, similar to Bitcoin. Launched in late 2021, Kaspa shares many similarities with Bitcoin, including its Proof-of-Work mechanism and a fair launch. However, its unique advantage lies in its ability to handle a much higher transaction speed, achieved by using a blockDAG (directed acyclic graph) instead of a traditional blockchain.

The academic paper "Phantom GhostDAG: a scalable generalisation of the Nakamoto Consensus" explores the innovations behind Kaspa. This system allows for a transaction speed limit that will ultimately be approximately three orders of magnitude higher than that of Bitcoin. In essence, Kaspa is an evolution of the Bitcoin model, maintaining the principles of security and decentralisation, but with significant improvements in scalability.

One of the most intriguing features of Kaspa is its price, which follows a power law. Figure 4 of the article shows Kaspa's price with its power-law trend lines on various charts, including linear, log-linear and log-log. This behaviour is remarkably rare in the crypto world, where most altcoins do not exhibit such clear and consistent growth patterns. Based on current trends, Kaspa's price could reach $1 between mid-2026 and late 2027, and $10 between 2034 and 2036. At the time of writing, Kaspa is trading at $0.13, underlining its significant growth potential.

Kaspa is also distinguished by its focus on storage efficiency and traceability. Kaspa's normal nodes keep the transaction history for only three days, although the complete UTXO database is retained. To ensure traceability and proof of fairness, there is a collection of archive nodes that maintain the complete blockDAG and transaction history back to its genesis.

The name "Kaspa" comes from an ancient Aramaic word for silver, reflecting its intended purpose as a medium of exchange, similar to the historical role of silver, rather than in direct competition with Bitcoin as a digital store of value. This positions Kaspa not only as a technical innovation, but also as a practical proposition for everyday use in transactions. 

The Bitcoin Power Law

The concept that Bitcoin's price follows a power law was initially observed by a user under the pseudonym Trololololo. Giovanni Santostasi was the one who actually identified this law, and HCburger helped popularise it, although it never received the attention of other models such as PlanB's famous stock-to-flow. Recently, the power law model has resurfaced on popular YouTube channels such as those of Andrei Jikh and Peter McCormack.

The power law is a mathematical function that maps input (x) values to output (y) values in the form y=x^k, where k is a constant. This formula can be represented in linear, log-linear and log-log graphs, the latter being particularly useful for visualising data that follows a power law. In the case of the Bitcoin price, log-log graphs show that it follows a linear trajectory, indicating that it is following a power law.

The Convergence of Price Trends

A fascinating aspect of the power law applied to Bitcoin is the convergence of its upper and lower trend lines. These trend lines indicate that, in the long term, Bitcoin's price could stabilise as the time approaches when the last Bitcoin will be mined, around the year 2140. This phenomenon suggests a decrease in Bitcoin's volatility as it matures as a financial asset.

Kaspa and Bitcoin: A Comparison of Volatility and Adoption

While Bitcoin has established its place as the leading cryptocurrency, Kaspa is proving to be a viable alternative with its own growth path. Bitcoin's adoption is influenced by its halving cycle, which reduces the mining reward every four years, affecting supply and, consequently, price. Kaspa, on the other hand, reduces its supply more gradually, which could result in lower volatility in the long run.

Bitcoin's price channel width remains wide due to its high volatility, mainly driven by its halving cycle. In comparison, Kaspa shows a narrower price channel width, indicating lower volatility and more stable growth. 

Conclusion

Kaspa and Bitcoin represent two distinct approaches in the world of cryptocurrencies, both following a power law but with different trajectories and characteristics. While Bitcoin remains a digital store of value with high volatility cycles, Kaspa is positioned as a medium of exchange with greater transaction capacity and more predictable growth. As the cryptocurrency market evolves, it will be interesting to observe how these two adoption and growth models influence the future of digital finance.

 New release! Meet the DragonBall Miner: Power and Efficiency for Kaspa mining!

The world of cryptocurrency mining is constantly evolving, and each new piece of equipment that comes to market promises to revolutionise the way we mine cryptocurrencies. Today, we are pleased to announce an exciting addition to this industry on DragonBall Minera miner specifically designed to Kaspa (KAS) that combines power and efficiency in an impressive way.

DragonBall Miner Technical Specifications:

The DragonBall Miner stands out for its impressive technical specifications, which position it as an attractive option for serious miners. Here are the key details:

– Hash rate: 10.5 TH/s

– Power consumption: 3400W

– Energy efficiency: Approximately 0.324 J/GH

These figures are indicative of a highly efficient device, capable of delivering robust performance without compromising on power consumption.

 What is Kaspa?

For those unfamiliar, Kaspa is a cryptocurrency based on a Proof-of-Work (PoW) consensus protocol, known for its high performance and scalability. Kaspa uses a directed acyclic graph (DAG) instead of the traditional blockchain, which allows for higher transaction speed and lower latency.

 Advantages of DragonBall Miner:

1. High hash rate: At 10.5 TH/s, the DragonBall Miner is among the most powerful devices for mining Kaspa, allowing miners to maximise their rewards.

2. Energy efficiency: With a power consumption of 3400W, the DragonBall Miner is surprisingly efficient for its performance level. This translates into lower operating costs and a reduced carbon footprint, crucial in modern mining.

3. Robust and durable design: Constructed with high quality materials, the DragonBall Miner is designed to operate continuously and stably, minimising downtime and maintenance costs.

Considerations for miners:

When considering the purchase of a new miner, it is essential to evaluate both the initial cost of the equipment and the long-term operating costs. The DragonBall Miner, with its high efficiency and powerful hash rate, can offer a quick return on investment, especially in the context of a rising cryptocurrency market.

In addition, it is critical to consider the configuration of the mining environment, including proper ventilation and thermal management, given the considerable power consumption of the device.

The launch of the DragonBall Miner marks a milestone in Kaspa mining, offering miners a powerful and efficient tool to maximise their operations. With its advanced technology and durability-focused design, the DragonBall Miner is poised to become a favourite among the cryptocurrency community.

If you're looking to take your mining operation to the next level, the DragonBall Miner could be the perfect addition to your arsenal. Stay tuned for more updates and reviews on Minandovoy!