Latest posts of: Sir mikolo

Individuals like Randy are referred to as whales: individuals who hold positions so large in the Bitcoin market, that their bid and ask orders are capable of shaking up the market. Since it only takes a few big players using a similar strategy to drive the value of Bitcoin up or down, when an opportunity like this presents itself (a hardfork), the price of Bitcoin may not reflect the true value of Bitcoin.

The past weekend has been a great one for the Bitcoin and altcoins as people got to see a lot of green in the cryptocurrency market. The signs of life have bloomed into the market that signals a bullish run. Earlier this month, BTC price was struggling to rise above $6,500 mark and now with it being just a touch shy away from closing on $9,000, all the hopes have been raised high.
Other digital currencies are positive as well such as ripple which is at $0.8757. Bitcoin Cash has taken a whopping surge and is now sitting at $1,422 while coins like Litecoin, Qtum and Bitcoin Gold among others are on the rise as well.

Bitcoin have the potential to change the lives of some of the world’s poorest and most desperate people for the better. Cryptocurrency can improve lives by helping residents of developing countries participate in the global economy and escape from poverty.
Hyperinflation, poverty, lack of jobs, lack of access to banking, lack of capital, and poor access to markets are among the problems that altcoins can help people in developing nations solve. This will be achieved by giving everybody in the world access to modern banking and financial services through the blockchain.

The Indian government has issued repeated warnings against digital currency investments, saying these were like “Ponzi schemes” that offer unusually high returns to early investors.
But it has not so far imposed curbs on an industry estimated to be adding 200,000 users in India every month.

Government need to support crypto, their shouldn't be a panic. What I think is that government should support digital currency. Bitcoin has stand and is the way for to hold asset.

The bridge from gold to cash
Satoshi was right in my opinion: Bitcoin can be both a secure store of value, as well as a liquid medium of exchange used for small size payments. The solution is to accept and embrace an ecosystem with division of labor, where each sector prioritizes a different part of the solution.
In the case of Bitcoin, you can let one part of the ecosystem prioritize security, while the other focuses on convenience and speed. I’ll let
Hal Finney, the first ever person to receive a Bitcoin transaction.

tthis is only working when the address was linked to an account? edit: or do i have to complete syncing the chain? atm listaddressgroupings returns an emty array even though I called getnewaddress several times

There are many benefits to using Bitcoin as a payment system. This article will discuss the advantages for buyers and merchants to using Bitcoin as a payment system, and it will also discuss escrow services, the future of Bitcoin in commerce , potential drawbacks, and a summary on the benefits.

Bitcoin is the king of digital currencies, at least for the time being. There are several competing digital currencies, however, that could one day rival bitcoin.
Many of these currencies claim to offer certain technical advantages over bitcoin. Other currencies are taking a whole new angle on digital currencies, trying not just to offer an alternative to cash, but also to offer software development opportunities, social media platforms, and other services powered by the blockchain.
For now, bitcoin enjoys a huge lead over the competition, at least in terms of market cap.

You can learn, but it is not that easy. I have seen some really dumb non-technical folks buy and hold Bitcoin, so I would say no.
But you need to be very careful. The risk is losing your private key or sending Bitcoin to wrong addresses.
Even crypto funds like
Caviar that will take the load and simplify things for the regular person, still require some knowledge to invest in. you need to buy Ethereum or Bitcoin, then send Ethereum and Bitcoin at the correct address for the ICO, also register with them.

China has recently been issuing regular advisories and taking steps to deter the use of cryptocurrency in the country. The recent development can completely eliminate cryptocurrency trading and mining activities in the world’s most populous nation.

Bitcoin is a cryptocurrency and worldwide payment system. ... Bitcoin was invented by an unknown person or group of people under the name Satoshi Nakamoto and released as open-source software in 2009.

It is nearly impossible to hack the Bitcoin network and steal Bitcoins. You will need to find the private key for a particular public address. The possibilities are limitless. Still a group is working on a project to crowd source computation power to find private keys to the Bitcoin network

Be it due to fear, ignorance, or protectionism, governments have a tendency to legislate against perceived threats. The first prerogative of every government is to govern, after all, and any disruptive technology that erodes their power is liable to receive short shrift. Governments that ‘get’ bitcoin, such as Japan , have passed legislation that protects its citizens whilst facilitating the free trade of the digital currency.

I consider the Bitcoin technology itself revolutionary. Unfortunately, Bitcoin has been used for criminal activities far too often, and as an information security specialist, I strongly dislike that practice. Yet, technologically speaking, Bitcoin is an obvious breakthrough.

An asset is some kind of economic resource. It can be controlled or owned and it provides the owner with value, usually financial. A house is an asset. You can sell a house and get cash in return.
A currency is a system of money, a means of exchange. You used currency to buy a latte this morning, or so you could watch the latest season of Altered Carbon on Netflix
If it’s hard to tell the difference between the two, consider this. Assets tend to have a built-in promise of increased future value. A house tends to increase in value in time and thus, is an asset. It’s not very liquid, unlike cash, and therefore can’t really be thought of as currency.

Bitcoin is the fastest-growing asset in the world this year, but the virtual currency does not appear to have many users in London’s tech district. It has been more than a month since
bitcoin was used to buy a flat white or craft beer sold at the Old Shoreditch Station, according to the hospitality manager at the east London bar.

Entrepreneurship Business School (IEBS) in Spain has become the first digital business school—offering online-only courses—in the world to accept Bitcoin as payment for tuition fees.
Covering its online master’s and postgraduate courses, the school will now be able to offer a fixed rate to its wide array of international students without having to worry about international exchange rates.