BTC is Likely to Be $100 Than $100k - Harvard Economist

Harvard professor and economist Kenneth Rogoff shows scepticism on Bitcoin perspectives
06 March 2018   1494

The probability that in 10 years bitcoin will cost $ 100 is higher than the probability that its rate will rise to $ 100,000. This opinion is shared by Harvard professor and economist Kenneth Rogoff to CNBC.

I think bitcoin will be worth a tiny fraction of what it is now if we're headed out 10 years from now ... I would see $100 as being a lot more likely than $100,000 ten years from now. Basically, if you take away the possibility of money laundering and tax evasion, its actual uses as a transaction vehicle are very small.
 

Kenneth Rogoff

Professor and economist, Harward University

Contrary to Rogoff's suggestion, Blockchain Intelligence Group's research indicates that bitcoin was used much less often as a tool for illegal activities. Nevertheless, such transactions still account for a fifth of the transfers using cryptocurrency.

According to Rogoff, increasing pressure on the part of regulators will cause further declines in the rates of the cryptocurrency. At the same time, he recognizes that it may take considerable time to create the appropriate legal and regulatory framework.

It really needs to be global regulation. Even if the U.S. cracks down on it and China cracks down, but Japan doesn't, people will be able to still launder money through Japan.
 

Kenneth Rogoff

Professor and economist, Harward University

As a deterrent that prevented governments from moving to more proactive measures, Rogoff calls their interest in the technology behind crypto-currencies.

Lightning Desktop App to be Launched in BTC Mainnet

The application, which is based on the lightweight Neutrino client, is available for the macOS, Windows and Linux, however, it's oriented fro test environment
24 April 2019   146

Lightning Labs, a leading developer of solutions for the Lightning Network, announced the launch of its desktop wallet in the main Bitcoin network. An application that was previously tested in a test network is available in the alpha version.

The application, which is based on the lightweight Neutrino client, is available for the operating systems macOS, Windows and Linux, however, as the developers emphasize, is still oriented primarily to the test environment. At the same time, more advanced users can also experiment with the wallet interface and get access to their funds.

Lightning App Desktop Version Screenshot
Lightning App Desktop Version Screenshot

The Neutrino client allows non-custodial Lightning wallets to verify Bitcoin transactions without the need to synchronize with the full version of the blockchain.

The new release includes such a function as displaying a single balance, which will allow users to see the cumulative number of coins both in the network base and in the payment channels by percentage.