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Tell us what you know about Bitcoin and other Cryptocurrencies using Blockchain technologies

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  1. What's new in this club
  2. The most common misconception about Ethereum is that it's a massively parallelized, distributed computing network. In actuality, it's a massively redundant, distributed computing network. Since every node performs every computation, the overall speed of the distributed computer is not a function of the amount of computing power in the network but is actually equal to that of the slowest node in the network. That's not very interesting from a computer science perspective.
  3. After the Real Estate implosion of the spring of 2021, and subsequent Bond and stock market crashes the debasement of the US dollar is at an extreme point of hyperinflation and lack of confidence. The IMF call for a new Bretton Woods agreement (that part has already happened btw). At this historic meeting Gold is deprecated as a base asset due to counterfeiting and the arbitrary and sometimes fraudulent daily spot pricing by the 5 nefarious banksters who gather via speakerphone each morning in London. This fulfills Bible Prophecy in Ezekiel 7
  4. Guggenheim, the global investment firm with over $295 billion in assets filed an amendment with the Securities and Exchange Commission on Friday, saying that it’s considering investing in Bitcoin through its Macro Opportunities Fund. The firm would invest up to 10% of the Macro Opportunities Fund's net asset value in Grayscale Bitcoin Trust
  5. "and their owners will be able to count on legal protection in the event of any illegal actions, as well as to defend their property rights in court." But per the article: "However, the current status of the local crypto ecosystem remains in doubt because the government is planning to officially ban payments in crypto in January 2021. Russian authorities also want to introduce prison terms for failing to report annual crypto transactions of about $600,000." So basically, "you can own it, we can tax it.... but you can't use it here to pay for anything."
  • Bitcoin has profound impacts on our understanding of how the economy works and at the same time the technology behind Bitcoin is an incredible achievement in the field of distributed systems. 0:00 Intro 3:01 Economics & Ethics of Bitcoin 17:24 Technology of Bitcoin 29:06 Where will Bitcoin go? 33:41 Final notes Final notes Here is a list of more sources. Books: Saifedean Ammous - The Bitcoin Standard (economics) Andreas Antonopoulos - The Internet Of Money series (general) Andreas Antonopoulos - Mastering Bitcoin (technology)
  • More institutional money joining the party. Only gonna help Bitcoin's price rise! And there's another halving in 3.5 years!
  • Two important things were not mentioned in the debate. 1. The absurdity that the government has to borrow its sovereign money from a private banking cartel. 2. That the government could instead be issued a steady flow of debt-free money to circulate the economy. Only the banking system was discussed, however. I also notice that Parliament was mostly missing from the debate .... not interested in representing such an important issue for the constituents.
  • On Thursday 20th November 2014, for the first time in 170 years, UK parliament has debated the creation of money. Few people know that 97% of our money supply is created not by the government (or the central bank), but by commercial banks in the form of loans.
  • Alistair Milne (British investor and entrepreneur) $120,000 USD by 2021 Max Keiser (Founder and CEO of Heisenberg Capital): $400,000 USD Anthony Pompliano (founder of Morgan Creek Digital): $100,000 USD by 2021 Tim Draper (Bitcoin advocate and venture capitalist): $250,000 by 2022 Raoul Pal (CEO of an investment strategy research service The Global Macro Investor): $1 million by 2025 Jeremy Liew (partner at Lightspeed Venture Partners and the brain behind Snapchat): $500,000 by 2030. (Citibank) Fitzpatrick's prediction is $318,000 for Bitcoin price in Decem
  • “This is another insanely big story,” said Davis, referring to recent crypto adoption announcements by firms such as PayPal and Square. “It’s a big story for adoption, especially considering this is a Chinese state-owned bank that is officially accepting bitcoin in exchange for their bonds.” However, Davis questioned the fiscal wisdom of trading bitcoin for paper – many analysts believe bitcoin will be worth six figures in a year’s time.
  • The ten largest gold mines in the world: 1. South Deep gold mine, South Africa 2. Grasberg gold mine, Indonesia 3. Olimpiada gold mine, Russia 4. Lihir gold mine, Papua New Guinea 5. Norte Abierto gold mine, Chile 6. Carlin Trend gold mine, USA 7. Boddington gold mine, Western Australia 8. Mponeng gold mine, South Africa 9. Pueblo Viejo gold mine, Dominican Republic 10. Cortez gold mine, USA
  • Bitcoin Will Devour Gold, Says MicroStrategy CEO
      Hello guest!
  • This is good for the environment AND will save a few lives in the process. This might not be good news for gold mines somewhere in Nicaragua however. I don't expect this to happen overnight though.
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