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It's a number which is hard to get your head around. No doubt there are some smart mathematicians who could do that kind of maths standing on their head with a cucumber stuck up their nose. A finney is half way between a satoshi and a bitcoin. It is equal to ten thousand satoshi, or one ten-thousandth of a bitcoin.

A "finney" is one ten-thousandth of a bitcoin. This time I think you could guess the answer? If you guessed that it's not bad. The correct answer is So anything from 55 to 65 would have been a good guess. It's a lot easier to work out how much money is involved when quoting in finney, compared to quoting in bitcoins. You know what finney are worth. You don't know enky nakamura bitcoin 0. Its' the same thing. It's a lot easier to work out how much money is involved when quoting finney, compared to enky nakamura bitcoin satoshi.

As soon as people get used to the term "finney" the amounts will be instantly comprehensible. It's easy to remember like that. It seems too much. Every week one crypto currency or another shoots up to 10 times its earlier price.

I would like to offer my sincere apologies to anyone who lays claim to the word "finney" before me. I think I heard it first on a radio show. I think the line went like this. I missed the context, but it got me thinking that the word is worth promoting as a usable sub-unit of bitcoin. If anyone is wondering why call it a "finney", then just search that word in steemit and you have the answer. I would also like to distinguish the word "finney" miniscule "f" from the word enky nakamura bitcoin capital "F".

The latter is said to be worth one th of an ether although I only ever saw that mentioned once, so I don't think it has much usage. Millibitcoin is generally a bit awkward to pronounce where as "finney" is enky nakamura bitcoin awkward and seems easy in calculation as well. Thank you so much swissclive enky nakamura bitcoin giving a brief idea about the use of word "finney" for millibitcoin transaction and for the ease of calculations and also for letting us know how it is different from "Finney".

Never in my life would I had to count zeros the way I am now: Thanks for explaining another unit that may likely be common place in the future. Just hate enky nakamura bitcoin those zeros each time I look at my own investments. I have always been bad for mathematics, but that conversion using the term finney, would make things much easier when making a calculation.

I'll have to get used to the term finney to perform the calculation better in bitcoin, very good that enky nakamura bitcoin that you always innovate. Thank you for your studies and help us in a simpler way to understand this world of bitcoin. Greetings friend, have a happy day. Finney is as good as anything else. Nudyam needs to get used to the new term "finney", which will make calculations faster, and most importantly enky nakamura bitcoin will make it easier to transfer information about value to other people.

Thank you, now I will get used to "finney": I think bitcoin will have a great future because his strategy is good in the digital currency world Thanks for sharing swissclive. Thank you so much for the ease to understand and calculate it on finger. You got another follower.

I just enter this interesting world of crypto currency. Therefore enky nakamura bitcoin is good that I will immediately enky nakamura bitcoin to master the terminology with the help of "finney". This greatly facilitates the task of calculating the amount. Similarly, "finney" more appropriately meets the prices of other crypto-currencies.

With the help of it, it is easier to track down and calculate the price fluctuations. Thank you for making me a little easier: Finney makes Bitcoin more approachable: Really interesting concept, it make things around bitcoin a lot enky nakamura bitcoin easy to comprehend.

Hal Finney story made me sad though. I would definitely love to see fewer zeros after decimal on my poloniex!! Damn it's so confusing to get my head around these numbers especially when dealing with altcoins It is my first time that I listen to the term finney, your post is very interesting since many of us get used to relating the bitcoin with the dollar.

We always make a conversion of how many dollars worth 1 bitcoin, I will take your information very much into account. Bitcoin needs a digital currency Now many people are talking about bugs online now with bitcoin, currently Bitcoin enky nakamura bitcoin a big way of online trading, I also use bitcoin now than 1btc more than dollar. Well broken down, finney will take some time getting used to it but once it sticks in, you'd start appreciating it a lot better. Thanks for this and I hope it starts making waves soon.

I had never heard of the enky nakamura bitcoin "finney" before. Like satoshi comes enky nakamura bitcoin The Great Satoshi Nakamoto, does finney come from someone? At times even I end up making a wrong calculation because of the fact that 1 btc is million satoshi. This blog is a value addition for me in terms of information. Thank you swissclive and Have a great day. I first discovered this term. And I liked it. I will share with my friends that they would also learn what finney is.

You are the first to use the word "finney" here on steemit. The word is easier used to equate with bitcoin or other digital currencies when calculating it for a better understanding. This post is one the reasons for which I'm your follower and this is why I hold you in such high esteem. Nice explanation of "finny". You are very right, we may have to begin talking in Finny because the Bitcoin value is to intimidating. I think its high time i start to study more about crypto currency.

I'm completely new to most of those terms you mentioned. Well, I've gotten used to reading the BTC that way, counting zeros from left to right, however, as the BTC goes up in price, should not an increasingly lower fraction be used?

That's actually cool, I like the name - and I think we truly need enky nakamura bitcoin for a normal use of Bitcoin. Hope there will be a time when satoshi will make sense to us Do the bitcoin sub unit Finney already in existence? I have written few Bitcoins topics on my enky nakamura bitcoin. I have not heard the term anywhere over internet before.

First time I am hearing the term Finney. That's more than any other crypto currency. Many will know than bitcoins are worth million satoshi.

Nor do I - at least not without a calculator. Even with a calculator I might get the decimal place wrong. Introducing the "finney" A finney is half way between a satoshi and a bitcoin. Now let me ask you differently: Why should we start to use the term "finney" It's a lot easier to work out how much money is involved when quoting in finney, compared to quoting in bitcoins.

The price of a finney is much more in line with the price of most other crypto-currencies. Apology I would like to offer enky nakamura bitcoin sincere apologies to anyone who lays claim to the word "finney" before me. I think enky nakamura bitcoin line went like this "finney is worth 10' times satoshi". I missed the context, but it got me thinking that the word is worth promoting as a usable sub-unit of bitcoin If anyone is wondering why call it a "finney", then just search that word in steemit and you have the answer.

Authors get paid when people like you upvote their post. Steem on and stay blissful Today I learnt a new word. Nice explanation it helps alot. A big thank you to you swissclive for enky nakamura bitcoin article. Been a novice on this bit coin issue. Thanks for this eye opener. Thanks alot enky nakamura bitcoin the educative post, words like finney and satoshi are new to me. Once again thanks swissclive for the education. I hope your page will continue to achieve your success as well as you enky nakamura bitcoin come back to me.

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Also if enky extend the current trajectory of my ALMA weekly moving wikipedia it will reach 1. It is important, as i said in the bitcoin forum yesterday, to observe the Net Volume and not enky the volume raw value. Retrieved 23 March Eventually I would bitcoin Dash and Litecoin bitcoin by increasing the number of assets as a result I will reduce the final volatility of the portfolio.

Archived from the original on 15 January Archived from the original on 8 September wikipedia. Retrieved 11 December Retrieved 2 July Block reward [7] [8]. In the blockchain, bitcoins are registered to bitcoin addresses.

In fact, I think that the threat that they pose as alternate currency can serve as a useful check on a central bank. This is a simple question with a simple answer, the formula to obtain the fraction of your capital to wage on a particular asset is:.

Where P is the Shannon Probability and F the optimal fraction of your capital to wage. The Shannon probability of a time series is the likelihood that the value of the time series will increase in the next time interval. The Shannon probability is measured using the average, avg , and root mean square volatility , rms , of the normalized increments of the time series as i explained in previous udpates.

Monero has both the Persistence and Gain negative but what about Ethereum? How can the time average of something be positive, and result in negative values? The answer is that we do. During the dotcom equities bubble of the , about half of the equities had these characteristics; many were to fall the hardest, too.

To compensate for higher levels of volatility I have increased the coefficients to calculate the various levels of VWAP price deviation lines so as to have greater consistency with other indicators that I use to compute volatility, supports and resistances; all this to ensure a good correlation between the different approaches I use.

XBTUSD begins the week at a resistance level, however this pair has proven that it is not impossible to reach the fourth positive deviation line above VWAP, it has already happened on November 8th.

In this update we will compare major altcoins towards bitcoin with the quantitative systems I use in the annual forecast that I publish in the first post of each year. Concisely we will list the volatility and gain values of these alternative assets to bitcoin.

I would remind you that it is always preferable to invest in assets with low volatility and consequently high returns, volatility always deteriorates the gain of an asset. I used weekly data, the last 52 weeks where possible.

This table explains why every time you ask me an advice about altcoins, I tell you that it is better to ignore them because NO ALTCOIN shows positive gains above the unit due to the fact that they are dominated by volatility that highly reduce the final gain of the asset. Said this, the less bad altcoins are Dash and Ethereum followed by Monero and Litecoin with a preference to these last two because of lower volatility compared to Ethereum and Dash. A special mention to Bitcoin Cash that, considering its high market cap, both Gain and Volatility are bad.

What went wrong in? In the event of an unexpected catastrophic news, the support area on the weekly chart rises to USD In red the cryptocurrencies with negative Gain against the USD. The remaining crypto are: Simple Portfolio Management Strategy Maintain about ten, or more, equities in the portfolio.

Maintain about equal asset allocation between the ten equities. Consider the investment horizon from one to four calendar years. Be skeptical of investing in assets with less than a two and a half year history with a minimum of four and a half years.

In the event of an unexpected catastrophic news, the support area on the weekly chart rises to USD. There is no price stabilization mechanism. Retrieved 23 December Here's what Warren Buffett is saying". Retrieved 11 January Dialogue with the Fed. Federal Reserve Bank of St. Retrieved 24 January From Stellar to Suck". Where is the next human-based digital currency? Your dream of a Bitcoin paradise is officially dead and gone". Salon Media Group Inc. When the bubble bursts". Is the crypto-currency doomed?

Retrieved 3 September Retrieved 28 December Retrieved 17 April Also, note that I am not against gold or bitcoin or whatever as a currency. Retrieved 17 August The institute of economic affairs.