Bitcoin fixed supply
8 Jan 2018 While the merits are relatively well-known, it is time we look closer at some demerits of such a fixed supply system. Many such demerits are well-documented but not widely-appreciated. Let's say the world starts transacting and storing value exclusively in Bitcoins (or some other fixed-supply currency such Shenzhen bitcoin miner - Expotentiel 14 Oct 2017 The supply of Bitcoins, by contrast, is fixed. Bitcoins can be mined, too, but their supply isn't responsive to pieces. It's already set at 21 million, perhaps even less, as some Bitcoins may have already been “lost.” That makes it less likely for the Bitcoin market to collapse the way tulips didback in 1637.The Economics of Cryptocurrencies – Bitcoin - Chapman University guiminer bitcoin miner exe 4 Jan 2018 Bitcoin's supply is theoretically fixed. But aggregate supply of crypto currencies might be even more relevant than just Bitcoin's supply. Right now, behind the crypto currency demand is now a significant portion of amateurs and curious trading through their mobile apps on their way home. This says a lot.
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Day trading cryptocurrency bittrex - Carmen Steffens21 Nov 2017 In 2010, it was valued at $0.39 and $952 in 2016 — a steep rise which occurred over six years. By comparison, the price of 1 BTC in 2017 alone has gone up from $1,026 on January 2 to $7,319 on November 16 which is a 613.35% increase. Also, Bitcoin was designed to have a fixed supply of 21 million [[30/01/2018]] Bitcoin mining amazon cluster : bitty free Bitcoin faucetBitcoin Commentary (July 2017). Bitcoin is the first non-dilutable, fixed-supply currency in human history. The inherent demand for such a store of value must be at least as large – if one considers that for a moment – as the value of world-wide money supply and savings upon which the owners do not wish to earn a negative btc bitcoin casino online Blockchain – an opportunity for energy producers and - PwC how much do you make from bitcoin mining Bitcoin SHOCK: THIS Google search can predict next bitcoin BOOM 15 Jan 2018 Bitcoin is valuable because of its security, computing power, fixed monetary supply, and rising demand from the global economy. Because only 21 million bitcoins can ever exist, despite the rising demand, more bitcoins cannot be mined or produced once the supply of bitcoin hits 21 million. In the early days
Bitcoin Series 26: the Polemitis Impossible Trinity* — Ledra Capital24 Sep 2017 Bitcoin, the digital asset that gave birth to blockchains, cryptocurrencies, and ICOs, has a fixed supply. In total, there will only be 21 million bitcoins. At the time of this writing, roughly 16.5 million bitcoins have been mined, leaving us with 4.5 million bitcoins to be mined in the future. Without getting into the 23 Aug 2017 HandsOnCryptocurrency - Meetup style group for learning cryptocurrency by doing.Apple Co-Founder Wozniak: Bitcoin is Better than Gold – League Of buy bitcoins instantly with credit card no verification Bitcoin SHOCK: THIS Google search can predict - Daily Express cheapest bitcoin exchange fees 10 Bitcoin-like Cryptocurrencies | Practical Ecommerce30 Nov 2017 Daniele Bianchi, an assistant professor of finance at the Warwick Business School in England, says that the price increases of bitcoin are due to rising demand but also to the fact that the supply of bitcoins is kept fixed. There are currently only 21 million that can be mined in total. Bianchi also noted that
Bitcoin (BTC) 0.21 30.65. Ethereum (ETH) 0.33 11.32. Litecoin (LTC) 2.96 18.37 **As of Saturday October 14, 2017, at 10.30 am. Source: But tulips and Bitcoins differ in one respect. The supply of tulips isn't fixed. Tulips can be farmed quickly, and that makes their supply responsive to Samsung building crypto mining hardware | finder.com Gold Supply Rises With Large Mine Discovery, Bitcoin is Better Safe Zrx wallet - Dragon Ball Wiki bitcoin ireland tax 30 Aug 2017 FIXED. The vice-governor naturally makes the case for the current central banking model since money supply needs to be flexible as he argues, “The key principle of bitcoin is that its supply will be fixed, which makes it inherently volatile.” Purchasing power needs to remain stable. For some though, Bitcoin average bitcoin mining profit What Bitcoin is and isn't – The AporeticBitcoin or bust? | University of California
Bitcoin's Collusion Problem | Bottom-upHow to Mine Bitcoin In Your Mom's Basement - PCMag Asia The fixed supply limit has been a dominant feature of bitcoin, with several important consequences. One has been extreme price volatility concerning bitcoin's dollar value, subject to the interaction of demand and supply as befits a private commodity. Its limited supply, reinforced by very complicated and timeconsuming rules But it is unlikely that the answer to the money supply control problem lies at either extreme: giving the sovereign uncontested access to the coin foundries or printing presses or tying our fortunes arbitrarily to a single shiny commodity with a fixed supply. In fact, Bitcoin is as extreme as it gets, in the latter direction. As stated bitcoin skat 9 Jan 2018 “Bitcoins do not provide investors with cash-flows or other benefits, but the maximum supply of bitcoins is fixed and so the price is driven by speculation on the potential demand for bitcoin,” the analysts said. The market for cryptocurrencies also has a significant degree of uncertainty about what underlying bitcoin gpu mining benchmarks Economic Aspects of Bitcoin and Other Decentralized Public-Ledger 10 Ways to Buy Bitcoin with Credit Card or Debit Instantly - hashes
Blockchain's Broken Promises by Nouriel Roubini - Project SyndicateBitcoin: A worldwide currency? Iota supplyBitcoin's Real Problem Isn't Mt. Gox – Global Economics Group github bitcoin bot 19 Sep 2017 In this case, bitcoin's supply is fixed at 21 million and money velocity for normal currencies is usually at around 10, according to Davies. So, the long-term fundamental value of bitcoin equals the long-term value of transactions that will be carried out in bitcoin divided by 210 million (21 million bitcoins bitcoin hard to sell 21 Dec 2017 Prices of commodities like corn, oil, or gold often plunge when producers pump out supply to meet demand, creating inadvertent gluts. Bitcoin's supply, in contrast, is forever fixed, by computer code, at a total of 21 million coins (of which about 80% have been produced). And nothing drives prices up like Bitcoin's supply of BTC is 100% controlled by the Bitcoin software, which is now distributed globally. Per the Bitcoin protocol, new tokens are distributed to the miner that creates the next block on the blockchain. This is designed to be random,
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BTCMOON OfficialIts becoming hard to buy DogeCoin especially via PayPal - Frigoterm Blockchain mining reward - l7m.frmarket mechanism, the price will be set to the level that matches supply and demand. Let's dig into this in a little more detail. What is the supply of bitcoins? This is the number of bitcoins that you might possibly buy in one of these markets, and it is equal to the supply of bitcoins that are currently in circulation. A fixed number paypal to bitcoin coinbase Will bitcoin continue to rise 2017 - Jelia Care bitcoin in 2025 11 Dec 2017 The index tracks prices from digital currency exchanges Bitstamp, Coinbase, itBit and Bitfinex. When asked to explain the driving force behind bitcoin's unprecedented rally, Marinov said: "It is the inherent imbalance between demand and supply. Supply is inherently fixed; it's very much like gold if you wish?Buy bitcoin with paypal uk - Ubytování u parku
Price difference across exchanges - mt güvenlik sistemleri1 Dec 2017 As David Andolfatto [or David Blockchain as he prefers now to be known] and others have pointed out, the fixed supply means that fluctuations in Bitcoin money demand are not accommodated and are felt in the price, making the price inherently more volatile [than that of central bank money]. [[25/12/2017]] EIJ=⑾ earn Bitcoin fast online - Miami Auto Storeoditorium U - Bitcoin money supply bitcoin j What is a Bitcoin? What is a blockchain? | Advice for Investors google adsense bitcoin 3 Jan 2018 While comparisons with aggregate measurements like GDP and money supplies may be an imperfect analogy, the fact that economic expansion as measured in output can – with the exception of a fork and rule change – never change in bitcoin due to its inelastic coin supply is arguably detrimental to its 23 Oct 2017 The conversation was around artificial intelligence, but the topic of Bitcoin emerged as well. Wozniak feels a currency is more “stable” when it cannot be diluted and, while Bitcoin has a fixed future supply (only 21 million bitcoins will ever be mined), the same cannot be said about government-backed fiat
Why You Should Be Skeptical Of Blockchain, Despite The Bitcoin Bitcoin only good for tech nerds, privacy nuts & criminals – ING 13 Sep 2017 Bitcoin is a risky fraud, according to Jamie Dimon, yet fund managers say it's the most crowded trade out there. It's not the only one: cannabis investments have boomed alongside crypto-currency, despite the obvious risks. The fear of regulatory crackdowns has put a downer on both markets in recent Cyber Capital - Block size: it's economics, user preparation & moral circle bitcoin limit So if Bitcoin is a digital (& anonymous) currency with a FIXED SUPPLY. How does this compare to fiat (i.e. paper) money? Anything else that is money with a FIXED SUPPLY? Transfer Solutions bitcoin mining application windows Litecoin (LTC or Ł) is a peer-to-peer cryptocurrency and open source software project released under the MIT/X11 license. Creation and transfer of coins is based on an open source cryptographic protocol and is not managed by any central authority. The coin was inspired by, and in technical details is nearly identical to, 25 Apr 2017 Most cryptocurrency enthusiasts are well aware of how bitcoin has a fixed supply cap of 21 million coins. It is expected the last bitcoin will be mined around the year 2140, even though a large portion of the available supply is in circulation already. Some financial experts claim bitcoin's capped coin supply is
11 Dec 2017 First, let's review the six reasons to hold Bitcoin that are hopefully well-understood… /* For those who are already familiar with the reasons to HODL Bitcoin, here's the TLDR for the new reason from near the bottom of the article: When a fixed supply currency like Bitcoin and/or other cryptocurrencies are the Q&A: Talking Blockchain |Chain Store Age So why does Bitcoin have value? Value is derived from the trust that someone else also values it. In other words, if you use BTC as payment, there is an inherent trust that someone else will also accept BTC. There is a shared acceptance of Bitcoin's value. There is also intrinsic rarity and a fixed supply. If there were infinite 17 Mar 2014 The cap is even weirder since a fixed supply isn't remotely necessary to keep inflation in check. Bitcoin already has a built in mechanism to limit supply, which is the difficulty of the proof-of-work task miners are required to complete to get their new Bitcoin. At the moment, the difficulty is adjusted so that one fbi seized bitcoins Ethereum supply cap bitcoin price live in inr urbandwellers34 in bitcoin. A fixed money supply, or a supply altered only in accord with objective and calculable criteria, is a necessary condition to a meaningful just price of money. —Fr. Bernard W. Dempsey, S.J. (1903-1960). In a centralized economy, currency is issued by a central bank at a rate that is supposed to Bitcoin's Legacy: Exchange Founder on Altcoins - FXStreet
Pando: Why the case for Bitcoin at $340 is not that crazy after allBlockchains AOL Moment 25 Oct 2017 Bitcoin's Supply Is Limited. Finally, one of the key reason why Bitcoin has become so valuable is that its increasing demand is met with a fixed limited supply. Because of the way Bitcoin was created, only 21 million coins can ever be mined. Furthermore, the rate at which new coins are created slows down According to the terms agreed by all parties on the 2014 presale, issuance of ether is capped at 18 million ether per year (this number equals 25% of the initial supply). This means that while the absolute issuance is fixed, the relative inflation is decreased every year. In theory, if this issuance was kept indefinitely then at bitcoin value last 3 months Is Bitcoin just a libertarian fantasy? - The Week can a raspberry pi mine bitcoins Gavin Andresen on the Present and Future of Bitcoin | EconTalk Why did my BTC balance go down - FIT Beilen
Ethereum VS Bitcoin - CryptorialsTransparent and neutral - All information concerning the Bitcoin money supply itself is readily available on the block chain for anybody to verify and use in real-time. No individual or organization can . The Bitcoin protocol is designed in such a way that new bitcoins are created at a fixed rate. This makes Bitcoin mining a Lumen coin reddit - The Quarter10 Aug 2017 - 5 min - Uploaded by aantonopWhat determines the supply of bitcoin? A probabilistic, geometrically declining supply bitcoin in 2008 Max supply - Intensity5 buy dell laptop with bitcoin Ark Community Faucet Updates - Auto BlitzUphold - What Factors Determine Bitcoin Price Fluctuations?
[[11/12/2017]] =2E earn unlimited Bitcoin - AirworkSo the real question for Cyprtocurrencies is are they economical. To be economical, the cost to sustain them, the actual "mining" costs, needs to be economical for the number of transactions. So you need to look at the cost of the transaction and see if the mining costs are sustainable. Bitcoin has a huge cost 27 Nov 2017 The most basic argument for Bitcoin is that it will revolutionize the world of currencies, for the reasons stated above: decentralized, secure – and that third item, a fixed supply of Bitcoin. Never mind the side arguments about gold and international currencies – its stated value is its power as a currency.18 Dec 2017 The crux is the static and, in the case of Bitcoin, limited supply of coins: there will be no more than 21 million Bitcoins, ever. It's true that fixed supply prevents hyperinflation caused by a government printing money. But here's the problem. When an economy grows, people need more and more units of money how much money can you make from mining bitcoins 20 May 2015 George Selgin argues that bitcoin's limited supply will bar it from long-term success, while Konrad Graf hails its innovative resistance to inflation. how to get free bitcoins on iphone Why does Bitcoin have value? ○ Derived from trust that someone else also values it. ○ If you use BTC as payment, trust that someone else will also accept BTC. ○ Shared acceptance of value. ○ Intrinsic rarity and fixed supply. Bitcoin has value because everyone thinks it does!23 Sep 2017 According to Song, one of the most important aspects of bitcoin as sound money is its unique monetary policy. Unlike most assets and reserve currencies which can be manipulated and controlled, bitcoin's maximum supply will always remain at 21 million. Because bitcoin has a fixed supply limit and
2 Dec 2017 Most importantly - the supply of tulips is not fixed - tulips can be farmed quickly and that makes their supply easily able to respond to demand. Once supply outstrips the demand - then the price crashes. The supply of bitcoin is fixed and will reach a mathematical finite end where no new coins will be The Bitcoin Boom: An In Depth Analysis Of The Price - uO Research What will coinbase add nextThe Evolving Economics of Bitcoin, Gold and Fiat Currencies bitcoins for visiting websites Bitcoin has a future, but maybe not as a currency - Technology minefield bitcoin 1 Dec 2017 There are only 21 million bitcoins that can ever be created and because of this fixed supply, if the demand goes up, so will the price. Not all of the 21 million have been mined yet, but once they are, that's it. However, each bitcoin can be divided up to eight decimal places and, according to , ~30/01/2018~ ⑫ how much is a Bitcoin worth in usd
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Bitcoin has value from being a platform, not money — Tannu Tuva 28 Mar 2017 Last October we concluded our first lumen distribution program for bitcoin holders as part of 's commitment to reserve 19% of the initial . Bitcoin is very inflationary during the first several years eventually settling to a near fixed supply, while the supply of lumens increases at a fixed rate of 1% per 7 Dec 2017 Bitcoin vs gold: Is cryptocurrency supply a fixed number? In the bitcoin vs gold debate, the supply issue is frequently raised, with those questioning bitcoin noting that competing cryptocurrencies and renegade initial coin offerings (ICO) are launched without restriction making supply a moving target.Cryptocurrencies and National Security | Council on Foreign Relations bitcoin in hong kong "Bitcoin: BTCUSD Trying to build base: Next buy and sell points" by bitcoin atm south beach Bitcoin's monetary bluff - King's Review MagazineBitcoin just soared to a new $1,600 high — but the first investor in
Zero Edge aims to be the de-facto cryptocurrency for Online Why deflation threatens Bitcoin - Digiconomist Supply. Inspired by the rarity of gold, Bitcoin was designed to have a fixed supply of 21 million coins, over half of which have already been produced. Several early adopters were wise or fortunate enough to earn, buy or mine vast quantities of Bitcoin before it held significant value. The most famous of these is Bitcoin's Question Why are BHC blocks bigger yet BTC is processing almost give bitcoin ICONOMIs official statement on the Bitcoin Gold bitcoin rate today usd How the Bitcoin protocol actually works | DDI - Michael Nielsen6 Dec 2017 Mining Bitcoins uses more electricity than entire countries. While it doesn't involve hard hats, drilling, and explosives, mining Bitcoin is a hugely energy-intensive process, even though the currency only exists digitally. . 14. Isn't Bitcoin's fixed money supply going to create deflationary problems? 15.
8 Sep 2017 Bitcoins are just one of the over 900 new format currencies known as cryptocurrencies to have emerged over the past few years. To date governance comprises the fixed supply of 21 million coins, and the open forum accounting records to make sure the books balance, overseen by public participants Is Bitcoin a solution to the euro crisis? - The Irish Times Anyone claimed Bitcoin GODBitcoin Block Reward Halving Countdown website. bitcoin walletnotify 18 Dec 2017 extreme deflation, due to fixed supply (at least on its own blockchain, which can however be cloned and forked, creating theoretically unlimited amounts of Bitcoin alternatives , as we argue below), combined with strong demand, one would be crazy to spend Bitcoin on buying pizza today, and paying high bitcoin technical explanation What is Ethereum? – Bitcoin Trading by SFOX7 Nov 2017 On the other hand, regulation could also give rise to, and bestow legitimacy upon, new cryptocurrencies that lack bitcoin's main attribute and flaw: an asymptotically fixed money supply. A digital currency that replaces fiat currencies as a medium exchange cannot have a fixed supply. In fact, central banks,
The key principle of bitcoin is that its supply will be fixed, which makes it inherently volatile. This is the antithesis of our elastic money system, which is based on the principle that to keep the purchasing power of money relatively constant the amount of money has to change flexibly over time. The monetary policy lesson of Its becoming hard to buy DogeCoin especially via PayPal - Frigoterm Blockchain vs coinbase feesThe Past, Present & Future of Bitcoin Mining - Blockchain Daily News dormant bitcoin addresses 24 Oct 2017 Projected Bitcoins Long Term. File:Controlled supply-timeline Supply timeline estimation. Because the number of bitcoins created each time a user discovers a new block - the block reward - is halved based on a fixed interval of blocks, and the time it takes on average to discover a block can bitcoin unlimited vs core Bitcoin Core Developer Explains Bitcoin's Value | bitcoin | The 14 Dec 2017 This is called “mining” bitcoins and mining stops when there are 21 million Bitcoins, a stipulation set forth by its founders. As of June 2017, there were 16.4 million Bitcoins. They may hold some value due to the limited supply, but gold, silver, oil and diamonds have essentially fixed supply and have not had
12 Aug 2017 The only difference between Bitcoin and fiat is that the former is decentralized and cannot be manipulated by a centralized group of administrators while the latter is centralized and can be manipulated by a centralized group of administrators. For instance, if Bitcoin's fixed supply is fixed at a total cap of 21 4 things you should know about bitcoin right now | finder.com.au Bitcoin supply graph - City SensorsCastleKeep Investment Advisors | blog Bitcoin, FOMO, and the buy bitcoins australia cash deposit Jimmy Song talks about everything | Bitcoin Insider minecraft bitcoin mod @30/01/2018@ Bitcoin cloud mining websites. is it worth mining Bitcoin increases fraud risk says Bank of England | E&T Magazine
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28 Nov 2017 Cryptocurrencies are all the rage right now, and none is more popular than bitcoin. Speculators have been driving up its price, predicting it will be the currency of the future, but many others are skeptical. You can buy bitcoins with traditional currency. And like a traditional currency, bitcoin lets owners buy Understanding XCP | Counterparty 8 Jun 2017 In fact, there are only 21 million Bitcoins that can be mined in total. Once miners have unlocked this many Bitcoins, the planet's supply will essentially be tapped out, unless Bitcoin's protocol is changed to allow for a larger supply. Supporters of Bitcoin say that, like gold, the fixed supply of the currency 7 Dec 2017 All eyes are on bitcoin at the moment. Bitcoin mining explained: How it works, how much energy it uses and what needs to be fixed. Share Just as gold miners produce the world's supply of gold, so do bitcoin miners produce all the digital currency available to the market - but, naturally, it is a bit more halley bitcoin Importance of GDAX for Canadian - Servensa bitcoin trader login Cryptocurrencies and Bitcoin – an introduction to the basics, with Mr 15 Mar 2013 More recently, the debate has been broadened to include the dynamics of introducing the bitcoin cryptocurrency, which is the functional equivalent of digital gold, since its supply is predictable and fixed. (There are currently 10.9 million bitcoins in circulation with a total fixed supply of 21 million expected to
Bitcoin file fork - cla192121 Sep 2017 Bitcoins. With the supply of bitcoin fixed, the currency's fate hinges on a single variable – demand. (Getty Images). It has been an eventful couple of weeks for bitcoin traders trying to predict where the cryptocurrency is headed next. But amid the rampant short-term speculation, many long-term investors imho a fixed money supply would decrease demand for money over time since no new money is being created. It would also encourage individuals intoSupplemental Submission to SolidX Bitcoin Trust: A - SEC.gov how to set up a bitcoin pool ~17/12/2017~ 2]~- Bitcoin mining years neteller bitcoin wallet Isn't Bitcoin's fixed money supply going to create deflationary 7 Jun 2017 A total of 98 million STRAT tokens were distributed after the ICO, and this is the fixed supply that will ever be available. Here is what the final breakup Currently, with the Ledger Nano S, you can secure Stratis, Bitcoin, Ethereum, Litecoin, Dogecoin, Zcash, Ripple, and Dash. Monero is also coming soon.
13 Dec 2017 For some analysts, forecasting cryptocurrency prices simply requires examining current factors related to supply and demand. In an interview with The Motley Fool, David Drake, founder of LDJ Capital, asserts that bitcoin will reach $20,000 next year. He based this number on its fixed supply. (Only a limited What is your favorite low supply coin for 2018 - vip serial number 'Cryptocurrency' on the rise: Bitcoin tops $1K - USA TodayBitcoin price hikes trigger Google searches - Livemint create bitcoin wallet api VEN circulating supply and total supply cara membaca chart bitcoin A fixed money supply, or a supply altered only in accord with objective and calculable criteria, is a necessary condition to a meaningful just price of money. —Fr. Bernard W. Dempsey, S.J. (1903-1960). In a centralized economy, currency is issued by a central bank at a rate that is supposed to match the growth of the Bitcoin is a Ponzi scheme: The Internet currency will collapse.
As more people accept Bitcoin as an accepted form of payment, its value increases. There is a fixed supply of Bitcoin in the market. In fact, the blockchain network and protocols that support Bitcoin state that there can only ever be 21 million Bitcoin in existence. It is expected that all available Bitcoin will circulate into the The Economics of Bitcoins - News, Supply vs - Editorial Express The Economics of Cryptocurrency – Eli Dourado18 Jul 2017 Similar to physical gold, Bitcoin should have a stable, predictable supply increase, eventually capping out at 21 million total BTC in circulation. Litecoin is similar, capping out at 84 million LTC total supply. These fixed supply mechanisms give Bitcoin, Litecoin, and other similar cryptoassets deflationary bitcoin mining dollars per hour 11 Dec 2017 So here lies the fundamental difference between the dollar and Bitcoin: The supply of bitcoin is fixed, but the demand is beholden to uncontrollable market forces and speculator whims. That means that unlike the dollar, the value of BTC can never be stable, because there is no means regulate the supply to sha256 calculator bitcoin Mining Transformation. Another key issue regarding Bitcoin's fixed supply is how miners will survive as they lose their block rewards. The mining system could become unsustainable as once all the Bitcoin are created, miners will have to rely solely on transaction fees as no new blocks are created. There is a possibility that Syscoin total supply
3 Oct 2017 A volatile currency is problematic, and Bitcoin's volatility is a disadvantage, but its scarcity and growing adoption make it an effective store of value nonetheless. As network value grows, volatility will naturally decrease. Certain price fluctuations will remain due to the fact that fixed supply meets variable 6 Oct 2017 By limiting bitcoin's supply to 21 million units over a 131 year period, Satoshi designed bitcoin as a deflationary currency. Satoshi mined the Genesis block on January 3, 2009. Today, 79 percent of bitcoins have been mined. The remaining 21 percent will be mined over the next 123 years until the total fixed Bitcoin: An Escape From Currency Debasement? | Competitive 184 billion coins gold collapsing bitcoin up Since the fixed supply of Bitcoin impacts price, how does somebody get to the supply? As Bitcoin is a network currency tools are required for earning, possessing, trading, and mining the currency. For example, software for Bitcoin includes Bitcoin wallets, mining pool programs, review apps, and cloud computing options for bitcoin tax law 22 Dec 2017 I don't think it's a bubble because the deflationary nature/fixed supply is what makes Bitcoin unique,” he explained, adding that the bubble “is in many of the alt-coins. Much of them are nonsense.” He did, however, call for caution. “I am planning on HODLing,” Epstein said, which is his acronym for Hold On AMLO targets bitcoin as crime networks turn to crypto-currencies
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