This post explores the distribution of wealth among nonempty addresses on the Bitcoin network.
All addresses on the Bitcoin network are queried. The number of addresses with at least one satoshi is 24,473,765 at the time of the query. The resulting addresses are sorted by the amount of Bitcoin they contain. The list is divided into quantiles and the wealth of each quantile is plotted in a bar plot.
Continue reading “Visualizing Bitcoin Wealth Distribution”
In this post, deep learning neural networks are applied to the problem of predicting Bitcoin and other cryptocurrency prices. A chartist approach is taken to predict future values; the network makes predictions based on historical trends in the price and trading volume. A 1D convolutional neural network (CNN) transforms an input volume consisting of historical prices from several major cryptocurrencies into future price information.
Continue reading “Cryptocurrency Price Prediction Using Deep Learning in TensorFlow”
Is the recent surge in Bitcoin’s price a speculative bubble?
By definition, an economic bubble is a situation in which an asset is traded within a price range that far exceeds its intrinsic value. So, the question is: what is the intrinsic value of Bitcoin? The purpose of this post is to explain some of the technical details of Bitcoin so as to gain a better idea of its value.
Continue reading “What is a Bitcoin Worth, Anyway?”