BTC to be Main Coin Forever, PayPal Co-Founder Thinks

Peter Thiel, co-founder of PayPal, had a long speech at Economic Club Of New York 
16 March 2018   1632

Venture capitalist and co-founder of PayPal Peter Thiel explained why he makes a "long" bet on bitcoin, during his speech at the meeting of the Economic Club in New York this Thursday. This is reported by CNBC.

In his opinion, bitcoin has all chances to become an asset that investors can use to protect their capital, that is, the new gold of the era of digital technologies

I would be long bitcoin, and neutral to skeptical of just about everything else at this point with a few possible exceptions. There will be one online equivalent to gold, and the one you'd bet on would be the biggest.
 

Peter Thiel

Co-founder, PayPal

At the same time, Thiel noted that for everyday calculations, bitcoin is not yet suitable. First of all, the crypto currency should be considered as a hedging instrument, which does not carry the systemic risks of traditional financial instruments.

I'm not talking about a new payments system. It's like bars of gold in a vault that never move, and it's a sort of hedge of sorts against the whole world going falling apart.
 

Peter Thiel

Co-founder, PayPal

He also noted that most of the qualities for which investors value gold are inherent in bitcoin. Moreover, most of the arguments against bitcoin will be fair for gold, he said.

BNC to Monitor BTC Community's Mood

The system called Twitter Sentiment analyzes over 34M BTC-related Twitter posts each week, using AI to track the mood of the community
22 January 2020   131

Blockchain-based New Zealand-based research firm Brave New Coin (BNC) has unveiled a new system for measuring the mood of the Bitcoin community based on Twitter messages.

According to BNC, the new Twitter Sentiment rating system analyzes over 34 million BTC-related Twitter posts each week. The company uses artificial intelligence (AI) algorithms that look for records containing the words bitcoin, $ BTC and BTC and others.

BNC notes that user sentiment continues to be a “significant” factor in the price and dynamics of digital assets, and a new technique has been developed to track these sentiments. According to the BNC, it took 18 months to launch the Bitcoin Twitter Sentiment. The data obtained is divided into seven categories - Opinion, Technical Information, Inside the Network, Advertising, Bots, Macros and Hacking.

For the week ending January 17, the most common entries were in the Opinion category - their number was 30.42% of all data received. In second place was the category Technical Information, and in third inside the network (includes information on mining and hashrate).

BNC spokeswoman Pierre Ansaldi said that during the first quarter of this year, the company will also launch community sentiment analysis tools for other crypto assets.