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    Thursday, November 29, 2018

    Home Unlabelled Bitcoin Price of Bitcoin AMA: I’m Emiliano Pagnotta, Assistant Professor of Finance at Imperial College Business School. I have recently published a research paper titled ‘Bitcoin As Decentralized Money: Prices, Mining Rewards, and Network Security’. AMA! (Live at 10am ET, Wed 28 Nov 2018)

    Bitcoin Price of Bitcoin AMA: I’m Emiliano Pagnotta, Assistant Professor of Finance at Imperial College Business School. I have recently published a research paper titled ‘Bitcoin As Decentralized Money: Prices, Mining Rewards, and Network Security’. AMA! (Live at 10am ET, Wed 28 Nov 2018)

    November 29, 2018

    Bitcoin Price of Bitcoin AMA: I’m Emiliano Pagnotta, Assistant Professor of Finance at Imperial College Business School. I have recently published a research paper titled ‘Bitcoin As Decentralized Money: Prices, Mining Rewards, and Network Security’. AMA! (Live at 10am ET, Wed 28 Nov 2018)

    Price of Bitcoin AMA: I’m Emiliano Pagnotta, Assistant Professor of Finance at Imperial College Business School. I have recently published a research paper titled ‘Bitcoin As Decentralized Money: Prices, Mining Rewards, and Network Security’. AMA! (Live at 10am ET, Wed 28 Nov 2018)

    Posted: 27 Nov 2018 07:10 AM PST

    Hi Reddit! I'm Emiliano Pagnotta, Assistant Professor of Finance at Imperial College Business School. I have recently published a research paper titled 'Bitcoin As Decentralized Money: Prices, Mining Rewards, and Network Security'.

    About the paper:

    In it, I address the determination and evolution of bitcoin prices and propose a simple monetary model that, unlike traditional ones, captures salient features of a decentralized network. In the framework I propose, network users forecast the transactional and resale value of bitcoin holdings and consider the risk of a network attack.

    Miners contribute resources that enhance network security and compete for mining rewards received in units of the same token used by consumers. In equilibrium, the overall production of network security and the bitcoin price are jointly determined. Put simply, price does not follow the system hashrate and the hashrate does not passively follow the price either.

    I develop several empirical predictions that show how the characteristics of network technologies and participants, users and miners, affect the number and dynamic stability properties of equilibria.

    Regarding reward halvings, I find that the relation between bitcoin prices and the supply growth rate is not monotonic: the same price is consistent with different rates. The model's outcomes demonstrate how intrinsic price–security feedback effects can amplify or moderate the price volatility effect of demand and supply shocks. I find rational patterns of price momentum with frequent booms and crashes and that small and large bubbles can exist in equilibrium and show how the probability of bursting decreases with the bitcoin price.

    Earlier this year I published an article on the 'Value of Bitcoin and Decentralized Network Assets'. I held an AMA on the topic, which can be seen here: https://www.reddit.com/r/Bitcoin/comments/8c05vr/hi_rbitcoin_im_emiliano_pagnotta_assistant/

    About me:

    • My research focuses on the exchange and valuation of financial assets and the organization and evolution of the markets where those assets trade in.
    • Recently, my work analyzes the consequences of speed and fragmentation in financial markets, the identification of private information in stock and derivatives markets, and the valuation of Bitcoin and other blockchain assets. This research is regularly presented in leading academic and professional conferences and published in academic journals such as Econometrica.
    • Before joining Imperial College, I was at the New York University Stern School of Business. I hold a Ph.D. in Economics from Northwestern University.

    I'll be back at 10am ET Wednesday 28 Nov to answer your questions, ask me anything!

    Update: Keep the questions coming everyone! I'll be checking in over the next few days for new ones.

    Proof:

    http://www.imperial.ac.uk/people/e.pagnotta

    http://www.emilianopagnotta.com/

    To learn more about me and my research, follow me on Twitter @esp_research and LinkedIn.

    submitted by /u/esp-research
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    Daily Discussion, November 29, 2018

    Posted: 28 Nov 2018 11:00 PM PST

    Please utilize this sticky thread for all general Bitcoin discussions! If you see posts on the front page or /r/Bitcoin/new which are better suited for this daily discussion thread, please help out by directing the OP to this thread instead. Thank you!

    If you don't get an answer to your question, you can try phrasing it differently or commenting again tomorrow.

    We have a couple chat rooms now!

    Please check the previous discussion thread for unanswered questions.

    submitted by /u/rBitcoinMod
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    Those mountains

    Posted: 28 Nov 2018 06:15 PM PST

    Shoutout to everyone who sold yesterday

    Posted: 28 Nov 2018 06:51 AM PST

    I feel your pain Jim

    Posted: 29 Nov 2018 01:09 AM PST

    ⚡️LND v0.5.1-beta has just been released! ⚡️

    Posted: 28 Nov 2018 01:49 PM PST

    Starcucked

    Posted: 29 Nov 2018 12:30 AM PST

    Is Bitcoin Dead? A helpful guide

    Posted: 29 Nov 2018 12:10 AM PST

    Let us not forget the guy who sparked the great bullrun of 2017!

    Posted: 28 Nov 2018 08:41 AM PST

    Finally running a full node! Next step lightning.

    Posted: 28 Nov 2018 09:48 PM PST

    A few months back, I had asked about hardware and power requirements for running a node and what would be the best configuration to setup. Finally I took the advice of the community and have setup my 8 year old laptop as a Bitcoin full node. It has pentium dual core processor and 4Gb ddr3 ram. Also, a non functional keyboard, mouse, dvd drive and the battery is dead. Was going to throw it out but now its running the full node for a couple of months on linux and is very stable with port forwarding enabled as well. Now I am planning to run a lightning full node on it as well and would like your suggestions on the same. What is the simplest way to get a lightning node running on ubuntu linux?

    submitted by /u/harshgandhiin
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    Trevor Noah featured the wrong bitcoin last night on The Daily Show

    Posted: 28 Nov 2018 11:10 AM PST

    Former JP Morgan Head of Global Macro "Time works FOR bitcoin, not AGAINST it. Every day it doesn’t disappear, it gets one step closer to a permanent status of digital gold."

    Posted: 28 Nov 2018 11:20 AM PST

    Google Searches for ‘Bitcoin’ Just Hit Their Highest Level Since April. (Long Live Bitcoin!!) <3

    Posted: 28 Nov 2018 07:02 PM PST

    Massive Police Raid of Deutsche Bank HQ today....

    Posted: 29 Nov 2018 01:26 AM PST

    Money Laundering, and Tax Evasion, on an unprecedented scale, this one is big. The Euro is finished, HODL your Bitcoin and never sell.

    submitted by /u/SAT0SHl
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    I created a real-time Bitcoin mempool and blockchain visualizer website. Get fee estimations and track your transaction live.

    Posted: 28 Nov 2018 10:41 PM PST

    Help Adoption

    Posted: 29 Nov 2018 02:50 AM PST

    Hi guys.

    Cool story: today i was at my hairdresser (called Tapei in Vienna=). Everytime I'm there he starts to talk wiht me about Bitcoin. He don't know much, only some Media stuff but he's really excited about cryptos in general.

    Today he said he wants to accept Bitcoin but don't has a clue how. Here I am.

    In the next couple of weeks i will meet him and introduce him in the world of Bitcoin or even better cryptos in general.

    ​

    When it's done I will post a photo :D

    ​

    Even if the market "sucks" right know adoption is coming also in the small places.

    See you soon

    ​

    submitted by /u/sebikun
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    Who can remember when BTC was $1k and dropped to $200?

    Posted: 29 Nov 2018 03:16 AM PST

    Everyone sold at $200, right?

    submitted by /u/scuczu
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    Regulators Unhappy With French Tobacconists Selling Bitcoin

    Posted: 29 Nov 2018 12:46 AM PST

    Is a great time for a reminder... Not hodling can be hazardous

    Posted: 28 Nov 2018 02:15 PM PST

    The market is looking healthy and greener all over again

    Posted: 29 Nov 2018 03:15 AM PST

    Yes we are hurting, But this fucken ATM is in a gas station In Cali chilling. Bitcoin started as nothing. We’re climbing this week let’s get it back up people!!!!

    Posted: 28 Nov 2018 10:38 PM PST

    Bitcoin and digital assets are here to stay, says NYSE chairman, despite bear market

    Posted: 28 Nov 2018 10:53 PM PST

    What are OTC Crypto Traders Seeing During This Dip?

    Posted: 28 Nov 2018 09:17 PM PST

    Ordering my girlfriend a last-minute gift when I stumbled across a wild bitpay option! [LUSH UK, vegan friendly cosmetics]

    Posted: 28 Nov 2018 02:17 PM PST

    Large investors are quietly buying the dip! But, not on exchanges...

    Posted: 28 Nov 2018 10:36 PM PST

    Since the financial crisis, the Fed has truly practised monetary fraud. The U.S. central bank has literally printed nearly $4.5 trillion in funds to buy bonds (assets) from the major banks. Bitcoin represents honest money, not manipulated paper!

    Posted: 28 Nov 2018 01:18 PM PST

    Short bankers, long BTC! Deutsche getting investigated due to Panama Papers!!!!

    Posted: 29 Nov 2018 03:39 AM PST
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