It's really fascinating to know that even after 80% of all bitcoins would be mined by 2020, we still have ~120 years left before everything is exhausted. Also, almost everyone is banking on the next halving as the start of a bull run but I don't think we'll see it by then. Most of the time, block reward halving on cryptocurrencies have been associated with greens but 2014, 2015 and 2016 halving brought nothing but disappointment for users. Anyway, another fun fact about block reward halving that I saw on the bitcoin wiki:

Everyone seemed to be interested in creating their own blockchains lately and companies may have already developed their own version and starts filing it on SEC. Should "iChain" become a reality, it will probably be integrated on their already functioning Apple Pay to further boost security and efficiency overall. As for the purpose of their blockchain, it is yet to be revealed to the masses, but with this recent filing on the SEC, we know something is up from Apple.

Paid exposure, or perhaps the media is also not giving it to JP Morgan considering that its CEO is always badmouthing bitcoin and cryptocurrencies in general. It's funny to think that even them as an entity would be interested on creating something that they so do despise. Anyway as it turns out, this is like some exclusive token or currency that can only be used on JPM services that can be swapped for fiat if the users needed, so I don't think cross-payments into other services would be possible not unless the company partners with those services first.

This just goes to show how friendly are the institutions and the governments toward cryptocurrencies and the blockchain revolution. Seeing how many competitive developers and programmers are situated in the Philippines, I guess this is also a nice program to include for the government on their advanced tech-voc courses. It opens up a huge opportunity for people who are already in the field of programming and may also bring more profits for the government, too. Should this development accelerate its phase, I guess the Philippines will be an important blockchain hub in the near future.

This is where the banks come in handy: they offer protection for your important assets and you pay them in return. Even I get anxieties when something valuable is stored at my house, be it a piece of a paper memorabilia worth thousands of dollars or just an average techy item amounting to some tens of thousands of dollars. Idk about any other people but I get the heebie-jeebies holding a significant sum in my hands. The banks can do it, and if they promise me that it'll be insured and I just have to pay extra, then so be it. At least I still get something when the item goes poof.


A great thought and I often wonder how criminals know what to hit on a relatively safe environment. I'm not saying that it could be insider information but yeah, *wink wink*.


--

Here in the Philippines, there's not much interest and craze going on about gold, though it's still somewhat important to know that gold is extremely valuable and will be picked as a currency at any given day by most people, so if in case the massive devaluation of fiat currencies continue, they still have gold to keep them rich. Only the rich guys will buy gold tbh, but the middle class and the proletariat will never  have the chance to touch gold IMO, as these precious metals are usually confined within the reach of the wealthy class and governments.

Just a few days ago, Jamie Dimon called out bitcoin once again stating that it has no real world value and offer nothing to our modern world. But would you look at that, they are also the ones who created their own coin and expecting the masses to support it! This is preposterous at best, and would surely be criticized heavily should it come to materialization.


It will run on the Quorum blockchain which is the bank's private version of ethereum so yeah, this is centralized, private and closed. Yikes.

Most Filipino cryptocurrency hubs are into different coins, so they *might* see something good in Ripple especially if it's doing something great for the overall scene. Knowing that the Philippines is a country in which overseas remittance constitutes to an average of 7.03% of the country's GDP, this could be a game changer for the overseas workers' ranks. Cryptocurrencies would be a good choice for remittances but knowing the hassles of KYC for exchanges, third-party services would be the best bet to ensure that minimal hassles would be encountered and minimal fees would be applied. This would be very welcomed should this service fully materialize.

They offer convenience where convenience is scarce, so I don't think they really are a plague to the crypto-economy since they are helping a certain niche that needs their service. Also, if bitcoin ATMs doubled every year, this means that there is a significant demand for ATM operators to keep on introducing one. Though the fees aren't really inviting, if one needs a quick cash, or need to convert to bitcoins quickly, they'd just do it on an ATM rather than wait for transfers and completed trades on an exchange.

They won't, but the address in question is actually the dead founder's address, so there really is something fishy going on in here. They know quite well that the funds cannot be retrieved once they sent it to the address in question, so why the hell would they continue sending it then? This only gets exciting day by day, and gets even more simpler since the perpetrators seem to be getting themselves caught with their own web of lies. One thing's for sure though: I'll never leave substantial amount of money in an exchange ever again.

If you don't have the money to buy a trezor or a ledger wallet for long-term safekeeping and a smartphone is all you have, I suggest using Andreas Schildbach's Bitcoin Wallet which is fine and no major issues whatsoever have been brought up so far. Just don't try to do silly things and download unsafe files and items on the internet using the said smartphone as it is still prone to hacks and malware that could potentially steal your sensitive information and obviously your wallet data.

A similar feat has been made months ago, using also radio waves as the medium of the said transaction, without any obstructions whatsoever in between the two points. It seems that radio waves are becoming a thing again since most people are curious whether they can deviate from the transactions made with the internet or not. There have been multiple successful attempts now and the technology used for these successful transactions can be used in places wherein internet connectivity is a problem. For now, trials should be refined and pushed further so that it can be taken into commercial use (hopefully.)

They must be ahead of some of the firms, but yeah, no estimates would be safe to give. At most, Wall St. would surely just introduce bitcoin derivatives just like what they're doing with stocks right now. They wouldn't dive deeper than they could unless they are really sure on what they're doing. Also, if Wall St. alone takes a huge chunk of bitcoin in circulation, this will force people to move out of the market, and perhaps stay on other less controlled environments to prevent getting ripped off by Wall St. sharks.

Blockchain technology serves as a ledger. be it decentralized or not. Bitcoins and cryptocurrencies however, should be decentralized and P2P, true to its roots, though let's be honest that even that is compromised and bitcoin is now being used and integrated into third-party services (like Bitpay and other payment processors) for the comfort of the merchants. But yeah, he isn't wrong either on his statement. Blockchain tech is being used and experimented for widespread centralized use, so there's that.

I was 21 when I first had my bank account, knowing how hard the requirements are and knowing that I don't have the initial deposit required to open my own account. With bitcoin, it's ridiculously easy to receive and send payments that most banks would charge a huge fee for, and for the younger generations to engaged in financial activities and know their ways from there. Slowly but surely, the young ones will be the driver of the future economy, and it also feels good to know that they are wanting to be a part of bitcoin and cryptocurrencies that most older people are hesitant to try for now.

Generational changes accompanied with better and improved technology is what will keep the gears turning mostly, and with Austin's POV regarding bitcoin and the younger generations, I can say that we have a good future waiting for us all.

We really don't know what happened in there. though it's quite suspicious that a man entrusted with hundreds of millions in dollars in cold storage would go to India, write and sign his will 2 weeks prior to his 'supposed' death and died. Though this topic is being recursively posted, it never fails to amaze me how one man pulled this off knowing that his family might be the target of lawsuits should his plans be successful. Anyways, sudden death is one of the most used exit scams people have been using for decades, so it's not surprising that the CEO may have done this, too.

One big turning point is if the funds suddenly move out after, say, a couple of years.

Not surprised knowing that the merchants found in deep web are mostly drug peddlers and nefarious people wanting to make a quick buck. Also, since the rise of bitcoin back in 2012, drug dealers are already making the most out of the pseudo-anonymous and secure nature of bitcoin, which ultimately led to Ross Ulbricht's arrest and the shut down of the Silk Road. Bitcoin is considered as money, so there's really not a shock value if the deep web is making use of this currency for their illegal transactions.

That is just a representation of 'how much' really means for bitcoin, though one can never actually count the number of sands around the world. 2^160 still is a stagerringly huge number, and relating that number to the number of sands for the number of possible addresses in bitcoin, I think, is not exaggeration but a just comparison between two relatively uncountable things. I know they have placed a definite number to work with in generation of addresses but seriously, who would bother getting all the possible combination anyways?

There aren't any evidence nor sensible reason for them to create bitcoin, except whether they are just trying to do a large-scale social experiment and see whether a decentralized currency is possible and will be used by a large number of people. Well if that's the case then they have proven their point, though it's somewhat late now knowing how huge the effect of bitcoin was in today's society and how easy it is to make money off of it. But yeah, conspiracy theories are just extreme theories without any hard evidence at hand, so best not to believe it and carry on.

Ballsy move tbh. If you are old enough to receive pension funds, chances are there aren't that much companies and organizations willing to employ you, unless you're highly skillful and is a master of your trade, and companies can still see value in you. At that ripe old age, I'd probably be just chilling and won't be looking towards making more money than what I already have (unless the situation's rough and I really need to get extra money.) Not that I'm against what they're doing but given how shaky and volatile bitcoin was in the past decade, I'd just be extremely careful and not waste my chances.

I also don't know how would they be doing it at the first read of this article, but then I stumble upon this on this same post. Credits to @cissrawk:


Good thing that my spending habits aren't that much grand, or my addresses aren't that much exposed. A same dust attack happened in 2015 and 2016, though their intentions are to clog the blockchain and not necessarily steal information like the recent dusting attacks we know.