Developer to Propose to Set $50k/BTC Price in Protocol

Looks like some developers use the GitHub as a way to celebrate Fool's Day
01 April 2019   305

A well-known developer Luke Dashjr made a proposal to make changes to the Bitcoin code, which will allow you to set the minimum cryptocurrency price for transactions of $ 50,000.

Certain parts of the community have been selling bitcoins for unreasonably low prices. This has halted Bitcoin's valuation at $20k and even driven the price down below $15k! However, clearly Bitcoin is worth much more than that, and there is widespread support for higher prices.

bip-usdprice defines a new field to indicate the price of transactions. Using this, we can softfork to require a minimum transaction price.

Luke Dashjr


According to Luke Dashjr’s proposal, starting with block 622370, which will be tentatively released on April 1, 2020, blocks with a bitcoin price in transactions below $ 50,000 will not be accepted by the network. 

South Koreans to Invest in Crypto Actively

In addition to the investment amounts, the share of those interested in investing in digital assets also increased
22 April 2019   84

The average amount of investments in cryptocurrency from South Korean invesetprs is $ 6,100, which is 64% more than last year, Cointelegraph reports.

According to a survey conducted by the Korean Fund for the Protection of Portfolio Investors, in addition to the investment amounts, the percentage of those interested in investing in digital assets also increased. Thus, 7.4% of the 2500 respondents have already acquired cryptocurrency (last year there were 6.4% of those). It is noteworthy that this figure has increased, despite several major break-ins of the South Korean crypto exchange, as well as tougher regulation of the industry.

Analysts connect the market with a recent bitcoin price jump and hope for a new bull rally.

Recall recently it became known that 94% of trust capital funds invest in cryptocurrency.