Qoin is the latest in a long list of “blockchain” startups promising the world but delivering nothing. I would classify them as a merchant scam and given they plan on listing on BTX exchange on November 30 (which they own btw) let’s look under the hood of this scam and break down all the red […]
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Bitcoin Price Up or Down?
Most of the time when someone hears about bitcoin it is because of its stella rise and not because it is a something something new money lol. In the most simple terms it is the world’s largest read write database running on the most secure network. Why is having the most secure network important and […]
In other words is a roaring stock market and businesses doing well or is someone who made so many promises to buy votes better for bitcoin? The answer might surprise you. If you think bitcoin is more like gold that it is to USD then that means inflation is the friend of bitcoin and if […]
If an altcoin does magically invent a new solution to the biggest problem that faces massively distributed databases AKA a blockchain, that is not where there endeavor ends, they then have to defend themselves from competition from other altcoins and the big boy bitcoin. Bitcoin is a just in case (the world fiat money system […]
TL:DR stablecoins have single point of failure that actual currency like USD doesn’t have. Demand for USD is very high, infact about 70% of world commerce relies upon it but stablecoins are not the answer because you are not getting paid for the risk of all stablecoins collapsing at the same time. This is a […]
Making a phone call used to be more like pressing 0 on a hotel phone, limited by the telephone companies ability to train people to literally connect people, then software made away the limitation and the middleman. Most auctions prior to eBay required a trained auctioneer before software came along and revolutionized bidding. Advertising also […]
Once every 210k blocks or roughly every four years the supply of bitcoin gets cut in half until the maximum supply of 21 million is reached. This is known as a halving because the block reward is halved. That means if you are running a bitcoin mine and you are spending $10,000 in electricity, hardware, […]
Stablecoins like Tether have proven themselves useful in the growing crypto ecosystem. It was not that many years ago that their “stability” was questioned as they have points of failure, the most obvious one being having their funds frozen instantly rendering the value down to 0. Yet they have not only survived but they have […]
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Bitcoin at 10000 again
Bitcoin is at 10000 again and of course the internet is freaking out. What is most interesting is that the oscillating “altcoins” seem to be in a frenzy to drum up buzz for their respective projects be they greener/better/smarter or just more ambitions in the Bernie Madoff/wolf of wall street style. Bitcoin 10k for many […]
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BitCash in developing countries
Some people’s first encounter with a foreign currency is when they go on holiday and some of the most affordable places have some quirky currencies. Take Thailand for example, their cash is so large that it barely fits in a wallet (probably more king portrait real estate) and their largest note is $32.77 while their […]