cryptocurrency
Could you choose your own legal code?: Crypto-libertarians
The crowd that erupted June 7, 2021. El Salvador’s legislature voted to make Bitcoin legal tender. Bukele announced it at a Bitcoin conference in Miami. A sovereign nation adopted a monetary system no central bank controls. The IMF condemned it within hours.... Could you choose your own legal code?: The Story
The bazaar where the merchandise is the law Imagine signing a legal code the way you sign a terms of service. Scroll past the tort reform clause. Check the box on property rights. Opt out of capital gains tax. Click "I agree." This sounds like science fiction.... Has crypto delivered on any of its promises?: Pragmatists
Eleven cents. That is what it costs to send $200 from Manila to Leyte province on a stablecoin wallet. Western Union charges $14. The math is the argument. The people who can’t wait Marco Reyes — twenty-six, construction worker — sent that $200 to his mother in March 2023.... Has crypto delivered on any of its promises?: Regulators
$340,000 That was Patricia Jennings’s number. Sixty-three years old. Thirty-one years teaching fourth grade in Roanoke. She opened an FTX account after the Super Bowl ads — Larry David, Tom Brady, stadiums with their names on them. Transferred everything. Her entire retirement.... Has crypto delivered on any of its promises?: Cypherpunks
Sixteen years, zero downtime You want to know why we are still here? Because the network is still here. Nine hundred million transactions. No successful attack on the consensus layer. No board meeting. No one’s permission. We wrote code before we wrote manifestos.... Has crypto delivered on any of its promises?: The Story
$69,000. Then $16,000. Then $73,000. Bitcoin’s price chart looks like a heart monitor for someone who should not still be alive — and the patient keeps getting out of bed.... "Is XRP a scam?" The biggest scheme to defraud crypto investors in history?
Photo belowPhoto above - Is XRP the new Bitcoin? Is Bitcoin the new gold? What happens if you try to buy stuff with them? Thank you for clarifying this, Gus . . . The link below is to an article written by Robert Breedlove.... - onBitcoin is now synthetically created, through options, derivatives, & ETF. Does that mean it’s endless, just like all the US dollars?by
the expansion of US dollar supply (fiat), bitcoin, US treasuries, and corporate debt obligations is a form of inflation. but i'm not advocating deflation.... - onPhoto below - remember this? Ask your mom or dad about it, if you were still a kid 20 years ago.by
assets are only worth something as long as people believe they are worth something. banks provide a presumably vital service to allow people to get paid and consume. that probably isn't true about bitcoin, or gold coins, or even stock brokerages.... Yeah. : ) I guess it depends on what you want your blockchain for. If it's for decentralized finance, creating tokens, digital art, and thing like that, then something like Ethereum is probably fine.... Money is on the move. But where does Yahoo Finance say it's going?
Shocking photos show Paris 2024 Olympics medals in very poor condition ... Photo above - an authentic 2024 summer Olympics gold medal, already displaying corrosion. Hey, isn't there some sort of test to prove if gold is real or not?... wait til people find out that Bitcoin and the 10,000 competing crypto currencies are also "fiat" currencies. this won't necessarily mean intensification of the stampede to gold and silver, but it will cause a sell off in both the crypto exchanges and the S&P 500 land would be the... - onBitcoin is now synthetically created, through options, derivatives, & ETF. Does that mean it’s endless, just like all the US dollars?by
Both bitcoin and fiat currencies can be quantitatively expanded under the right conditions. The real constraint is the threshold beyond which the value and utility cease to be engaging to users. For many reasons, bitcoin is not the magic vessel that many believe in...... Bitcoin is now synthetically created, through options, derivatives, & ETF. Does that mean it’s endless, just like all the US dollars?
Legend has it that Satoshi Nakamoto (creator of the Bitcoin universe) decreed there can only be 21 million bitcoins ever, until the end of time. Stop laughing – people actually believe this.... What happens when it costs $87,000 to “mine” a Bitcoin which is only worth only $66,000? We’re about to find out . . .
Gold and Bitcoin. So different, yet so alike. A hedge against inflation. Expensive to mine. Limited supply. But wait, is that last part really true? Gold mining virtually stopped when the price of bullion was at $1,800 a few years ago.... I think they can. The thing is that the "immutable" piece is pretty hard to reproduce. BTC managed that through a series of design choices and unique circumstances (including its creator's anonimity and disappearance, proof of work mining and the relative ease of running a node)....