Bitcash
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 […]
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 […]
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 […]
Wired has a great series on Youtube where they get an expert to explain a complicated subject in 5 different levels from a child to a colleague and if you want a quick way of working out the level of someone’s cryptocurrency knowledge ask them about blockchain (and be prepared to run away if they […]
For the longest time bitcoin was supposed to give the “unbanked” a bank account for the first time but that is like saying it will give them a email address and a password for the first time but if they lose their password there is not a customer support department or an IT admin capable […]
For thousand years almost since the beginning of civilization gold emerged as the monetary system even when those people never met each other because gold has special properties such as being permanent, divisible, non corrosive, etc and it is rare. Yet this all happened in a time before anybody with any net worth had a […]