The creator of Ethereum claims that the ‘Elon effect’ will gradually lose influence on cryptocurrencies Vitalik Buterin, the “father” of Ethereum recently gave an exclusive interview with CNN about the recent volatility of the cryptocurrency market. The 27-year-old billionaire said that “the crypto market is in a bubble” and “it is very difficult to predict” when this bubble will burst. According to him, the “golden age” of digital currencies has passed and this crisis can last for several months. Earlier, on the morning of May 19, Coinbase recorded that Ethereum, Buterin’s “pet”, fell more than 40%, to below $ 1,900. By the morning of May 20, this coin had recovered to $ 2,700, however, this is still a low number compared to the record milestone of $ 4,384 that Ether achieved on May 11. The ups and downs of the Ether coin have made Buterin “father” pay a significant price when he is holding an asset worth about $ 1.1 billion, now reduced to only about $ 870 million. At the age of 27, Vitalik Buterin, a Russian-Canadian programmer, is already considered a veteran founder in the tech world having seen multiple cryptocurrency boom cycles over the past few years. “We’ve seen at least three crypto bubbles burst. Usually the reason bubbles end is because something happened. This shows that the technology of cryptocurrencies is still there. not ready,” Buterin said. Since late 2013, when preparing for the launch of Ethereum two years later, Buterin has expressed his vision for cryptocurrencies. According to Buterin: “Cryptocurrency has become more than just a toy. It is almost ready to become mainstream.” In the process of developing “pet” Ethereum, Buterin is also not afraid to assert that there is a possibility that Ethereum will eventually catch up and surpass Bitcoin in market value. However, the programmer also said that the cryptocurrency market tends to be “vulnerable” to disruptive events, before they can “build an immune system over time”. Typical is the influence of some billionaires who are treating cryptocurrency as a toy. Mr. Buterin isn’t shy about mentioning Elon Musk’s name: “Mr Musk’s tweets are something the crypto space has only been getting into for the first time in recent months, literally. I think it’s appropriate. It’s reasonable to expect a bit of madness. Because the market will learn a lot from that and will be immune to the Elon Musk effect.” In addition, Mr. Buterin also asserted that governments cannot completely ban but have the ability to block or restrict access. Therefore, the development of cryptocurrencies also needs to listen to regulations from regulatory agencies to avoid getting into legal troubles. Faced with the crisis of digital currency, the “father” of Ethereum thinks that this is a “quiet” for digital currencies to renew themselves. On the Ether side, Mr. Buterin said the coin’s transaction costs will soon be cut. A major technical overhaul is underway that will allow Ether transactions to quickly scale, while cutting the amount of electricity consumed by mining by 1,000 to 10,000 times. “We’re going to go from consuming energy similar to a medium-sized country to just consuming energy like a village,” Buterin said confidently. According to Buterin, if Ether’s competitors don’t reform technically, Ether will soon outstrip them, such as Bitcoin.

Illustration – Photo: Reuters. In a status line (tweet) on the social network Twitter on May 12, Tesla CEO (CEO) Elon Musk suddenly announced that this electric car company stopped accepting Bitcoin as a means of payment when customers buy a car. . This statement by Mr. Musk – who has expressed a pro-crypto stance – shocked investors and caused a sell-off. The reason the world’s second-richest billionaire gave for the reversal is the risks that virtual currencies pose to the global environment. Bitcoin price immediately dropped after Mr. Musk’s tweet was posted. At more than 7:00 am on May 13, Vietnam time, Bitcoin price according to data on Coinmarketcap.com page slipped below $ 50,000, down more than 13% compared to the time 24 hours ago. Many other “hot” virtual currencies also dropped sharply, such as Ethereum down more than 6%, Dogecoin sliding 14%… In February, Musk revealed that Tesla had poured $1.5 billion into Bitcoin and said the company would soon accept Bitcoin as a means of payment when customers buy a car. That information immediately pushed the Bitcoin price up 20%. By March, he said Tesla customers were able to pay with Bitcoin. In a tweet on May 12, Musk said Tesla will not sell a single Bitcoin, but instead intends to use Bitcoin for transactions as soon as Bitcoin mining moves to using other energy sources. more sustainable quantity. “We are also looking at other cryptocurrencies that use less than 1% of electricity like Bitcoin,” Musk wrote. Bitcoins are “mined” by competing high-performance computers solving complex math problems, and the process consumes enormous amounts of power. The source of electricity for Bitcoin mining is usually thermal power, especially coal-fired power plants, posing a great concern about environmental pollution. At current rates, Bitcoin mining pools used as much energy as the entire Netherlands in 2019, according to data from the University of Cambridge and the International Energy Agency (IEA). Musk himself is a supporter of virtual currencies, and his statements often cause cryptocurrency prices to fluctuate wildly. However, he is also an advocate of clean technology. “Cryptocurrency is a good idea in many ways, and we believe it has a promising future. But that can’t come with a huge loss to the environment,” Musk said. Bitcoin price movement in the last 7 days – Source: Trading View. According to blockchain analysis companies, Bitcoin could in theory be traceable, raising the possibility of “green” Bitcoins having a higher price tag. Stronger climate change policies by countries around the world can also help in this. However, some Bitcoin advocates say that the current financial system – with millions of employees and computers in air-conditioned offices – also uses an overwhelming amount of electricity.

Sleeping under the crossbar does not always make the sleeper feel depressed, poor sleep affects psychology, health and relationship between husband and wife. In addition, a crushed bed can lead to unintended disasters, even danger to life. Everyone needs to be especially vigilant about the horizontal beams in the bedroom. To handle the above errors, Dai Nam feng shui advises the best way to move the bed to another position or otherwise we can make a flat ceiling to cover the beams (beams) to neutralize. Or overcome this situation by hanging 2 bamboo flutes, tied on the flute 2 red silk tape to form two diagonal edges, matching the beam into a bowl of bowl to help transport vitality under that area. . Some notes when decorating the bedroom space First: Many families have a hobby of making high-level plaster ceilings to decorate the bedroom space. However, it is not advisable because when you make the leveling plaster ceiling inadvertently create ridges across the body or let the dirt inside the drop slots fall onto the bed for a long time, you are the victim. receive all those dirty gases. So if you want to make plaster ceiling in the bedroom, you should make the ceiling flat. 2nd, Many families want the presence of chandeliers and ceiling fans in their bedrooms. However, if you want to put these items into use in the bedroom space you should avoid the bed area, especially the head of the bed. Above are some notes when decorating the bedroom space and how to deal with when the bed is crushed. You can refer and choose for yourself a beautiful and standard feng shui bedroom space to help your family have a good night’s sleep to recharge for a new working day. * Information is for reference only.

Living in a house like this doesn’t make any money or money. If your house accidentally commits 1 out of 3, don’t worry too much. Feng shui expert Phung Phuong advises everyone to pay close attention to the feng-shui gods that hinder the prosperity of their family. Wind Referring to the wind means referring to the wind source around the house that is living. If there is a strong wind around the house, it is easy to form “toxic wind”. Such houses are usually located in areas where there is a gust of wind, the amount of wind that penetrates the house will be much. Therefore, even if it is a place with good gas-gathering terrain, it will cause the people of luck to be inferior and costly. The evil spirit knocked on the door Too many doors is not good. Gate evil mainly consists of two types: 1 is a house with many doors, and 2 is the door facing each other. Whether it is the first or the second, in terms of feng shui, it is not a good thing. The first is the type of house with many doors, that is, only one house, but the front and back are designed with many doors. Such a house layout is not conducive to keeping the wind, condensing air, but easily leads to wasting money. The second type is the interior of the house with opposite doors such as the main door, the bedroom door, the bathroom door, and the kitchen door. Thus, it is easy to form evil qi and lose the family’s fortune. How to neutralize: Use Quartz or Five-Base Coins to purify the energy-stable atmosphere to have air sand to support the campaign. Corner house The house with a missing corner has a very bad effect on the homeowner. Depending on the age, there will be different bad luck angles. A house is also like our pocket, if the wallet has a hole, no matter how much money inside it will be lost. The way to neutralize: Use Bhikkhu or Mr. Quan Gia to gather wealth to protect the “wealth” for his family. * Information is for reference only.