Jump to content

About This Club

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

Location


  1. What's new in this club
  2. A lot of monkeys lived near a village. One day a merchant came to the village to buy these monkeys! He announced that he will buy the monkeys @ $100 each. The villagers thought that this man is mad. They thought how can somebody buy stray monkeys at $100 each? Still, some people caught some monkeys and gave it to this merchant and he gave $100 for each monkey. This news spread like wildfire and people caught monkeys and sold it to the merchant. After a few days, the merchant announced that he will buy monkeys @ 200 each. The lazy villagers also ran around to catch the remaining monkeys! They sold the remaining monkeys @ 200 each. Then the merchant announced that he will buy monkeys @ 500 each! The villagers start to lose sleep! ... They caught six or seven monkeys, which was all that was left and got 500 each. The villagers were waiting anxiously for the next announcement. Then the merchant announced that he is going home for a week. And when he returns, he will buy monkeys @ 1000 each! He asked his employee to take care of the monkeys he bought. He was alone taking care of all the monkeys in a cage. The merchant went home. The villagers were very sad as there were no more monkeys left for them to sell it at $1000 each.☹ Then the employee told them that he will sell some monkeys @ 700 each secretly. This news spread like fire. Since the merchant buys monkey @ 1000 each, there is a 300 profit for each monkey. The next day, villagers made a queue near the monkey cage. The employee sold all the monkeys at 700 each. The rich bought monkeys in big lots. The poor borrowed money from money lenders and also bought monkeys! The villagers took care of their monkeys & waited for the merchant to return. But nobody came! ... Then they ran to the employee.. But he has already left too ! The villagers then realised that they have bought the useless stray monkeys @ 700 each and unable to sell them! The Bitcoin will be the next monkey business It will make a lot of people bankrupt and a few people filthy rich in this monkey business. That' how it will work! This forward just makes so much sense. What's important is, if you're investing you need to know when to quit. - Do you agree?
  3. End-to-end encryption renders most of Cloudflare's advanced features useless. To use them, the session between you and Cloudflare is secured, the session between Cloudflare and the website is secured, but Cloudflare essentially becomes a man-in-the-middle and decrypts the data for inspection.
  4. Oh it isn't just Lebanon who are is desperate for USD. It's the entire world. Hong Kong is China's main way of getting USD since Hong Kong is an important area of trading with USD. The repo markets are going absolutely insane with the Fed selling mortgage backed securities and buying treasuries from banks: US banks need cash as well. It's a lot closer to home than some would suspect. It's most likely at your own bank.
  5. This is what's happening in Lebanon right now. With dollars running low in Lebanon, ATMs are spitting back bank cards, and locals are panicking November 22, 2019 at 7:10 p.m. GMT+1 BEIRUT — Over recent weeks, ATMs in Lebanon have been spitting back bank cards, refusing to provide dollars to those who ask for them, though people here have long used the American currency alongside the Lebanese pound. Dollars have virtually disappeared. Panicked tenants have begun asking to pay their rent in pounds, but landlords are refusing to accept them as the local currency hemorrhages value. Some restaurants and bars have stopped taking credit cards, instead requiring cash to pay vendors. Other eateries have limited their menus, unable to pay for imported goods in dollars. Lebanon is facing not just political turmoil, with daily protests across the country, but a financial emergency as well. Even as demonstrators rail against the political elites they blame for the economic troubles, this deeply indebted country is facing an escalating liquidity crisis. The black market exchange rate has now soared to 1,900 pounds to the dollar, 26 percent higher than the official rate. The dollar shortage is reverberating across the economy, suppressing consumer demand and driving up costs for Lebanon’s all-important service sector, which must pay vendors in dollars. Service industry employees are being laid off or given only 50 percent of their wages. Banks had been closed altogether during a week-long strike called by the union representing banks staff over security concerns for employees. Many banks reopened Tuesday but have little to offer the public. A week ago, the Association of Banks in Lebanon set a $1,000 ceiling for withdrawals from U.S. dollar bank accounts and limited transfers abroad — which had been previously been halted altogether — to allow only for “urgent personal expenses.” Some banks are even refusing to give customers the $1,000 they are supposedly allowed to withdraw. At least one bank refused to give dollars to customers who had opened accounts in other branches. In downtown Beirut, spider web cracks have spread across the glass storefront of the Blom Bank, its walls and windows splashed with colorful graffiti echoing the chants of the protesters who have crowded into Lebanon’s streets: “Down with capitalism” and “We are not afraid.” Security forces began standing guard out front this week, as they’ve done outside many other banks across the country. One man stood in line to withdraw the remaining $300. He said he had taken his allotted $1,000 from another bank and was leaving for Canada to join his wife. “There is no future here,” he said, declining to give his name before shuffling off. 'Margin of tolerance' diminished Over the past month, about $3.8 billion has been withdrawn from Lebanon’s banks, according to Jad Chaaban, an economics professor at the American University of Beirut. These sizable withdrawals reflect a lack of confidence in the banking system and the wider economy, which is being undermined by a similar lack of trust in the political system. Prime Minister Saad Hariri resigned Oct. 29 from his position after two weeks of nonstop protests against the political elite, and a new government has yet to be formed. To sustain the fixed dollar-to-pound rate, Lebanon’s central bank must maintain foreign currency reserves. The Central Bank governor, Riad Salameh, has repeated recently that there are sufficient reserves and no liquidity issue, but people do not trust the central bank, Chaaban said. He said Lebanon needs an independent authority to carry out an audit and restore confidence in the banks. Lebanon is one of the most indebted countries in the world, as measured by a debt-to-GDP ratio projected at 155 percent. After a 15-year civil war ended in 1990, the country’s rulers lowered corporate and income taxes and borrowed internationally to help resurrect the war-ravaged country. Lebanon later attracted foreign currency deposits by offering high-interest rates to maintain its stock of dollars. These practices, however, widened the gap between the rich and the poor and fueled a yawning government budget deficit. Lebanon’s economy and financial system have long been heavily dependent on remittances from the Lebanese diaspora abroad, which is larger than Lebanon’s resident population. In recent years, the flow of money into Lebanon has tapered off partly because of regional instability, according to Sami Nader, the director of Levant Institute for Strategic Affairs. More dollars have been flowing out of the country than into it, leaving Lebanon without enough dollars to cover its import bill and service its debt. Lebanon’s economy has suffered in part from the spillover from the civil war in neighboring Syria. The tiny Mediterranean country has struggled to deal with an inflow of hundreds of thousands of refugees, clashes near and across the border and a shutdown of vital trade routes. The role of the Iran-backed militia, Hezbollah, which has a significant presence in the Lebanese parliament, is also a complicating factor for the economy. Because Hezbollah supports the Houthi rebels in Yemen, who are engaged in a war with a Saudi-led military coalition, the “margin of tolerance” toward Lebanon among Saudi Arabia and other Gulf countries has diminished, Nader said. “Gulf countries constitute our strategic economic depth,” he said. “Not because we love them, but because 55 percent of remittances, which are the linchpin of our economy, come from the diaspora who live there. “The international community has no reason to inject cash in the Lebanese market as long as Hezbollah is conducting Lebanon’s policies,” Nader said. “Why would Saudi Arabia step in to rescue a Hezbollah-dominated Lebanon that supports insurgents in the region who target Saudi with missiles?” 'They have ruined people's lives' The protests, which erupted in mid-October, have targeted public corruption, and the anger has been exacerbated by rumors that some influential, well-connected people have been able to withdraw more than the maximum $1,000 a week. “Banks are the lungs of the society. They are not just a company that is supposed to make money, but have a certain responsibility toward society,” said a real estate developer, whose name is being withheld because he fears reprisals. His company, which employed around 220 workers in 2017, now has only 15. “Banks have proven they are not worthy enough to be in such a position. They have ruined people’s lives,” he said. On the day the banks finally reopened earlier this week, employees watched the protests from behind the large glass facade of a bank headquarters, staring down at the hundreds of demonstrators banging pots and pans, chanting, “This country is for the workers; down with the capital’s authority.” Clad in expensive suits and shiny shoes, some bankers and other bank employees stood in front of the building, watching or taking pictures. One employee changed into casual clothes and joined the protesters. “We, bank employees, are not all enemies of the revolution,” the bank employee said on the condition of anonymity in order not jeopardize his job. “I changed into these clothes because the suit that I have to wear for work does not represent me or the class that I belong to.”
  6. After bitcoin becomes too expensive for the average person to deal with it in whole bitcoins (already the case for some people), we will begin dealing, speaking, and thinking in smaller units like millibitcoin and microbitcoin, but the most elemental bitcoin unit is the satoshi. How many satoshis are there (or at maximum)? This many: 2,100,000,000,000,000 Which is found by multiplying the maximum 21 million bitcoin by the number of satoshis per bitcoin, which is 100 million. How do you pronounce that huge number? Like this: "Two quadrillion one hundred trillion." How many satoshis are available to us now (have been mined)? Well, we've mined about 15 million bitcoin out of the 21 million maximum. Times 100 million that comes out to: 1,500,000,000,000,000 or, "One quadrillion five hundred trillion." How many satoshis is that for each human being alive today? Taking a 7-billion approximation, that comes out to: 214,285 satoshis per human being. In a total bitcoin-takeover scenario, where bitcoin truly moons and comes out to a price of, say, $3 million per coin and goes into worldwide use, each satoshi would have to be worth about 3-cents. Thus, even in a total-bitcoin-victory scenario, it seems that there are enough satoshis in the world to run commerce at even the smallest level.
  7. Steven Mnuchin explains why nearly $1.5 trillion worth of $100 bills reportedly disappeared Almost $1.5 trillion of the world's cash, with U.S. $100 bills making up a great deal of it, is reportedly unaccounted for. So what happened to the money? "Literally, a lot of these $100 bills are sitting in bank vaults all over the world," Treasury Secretary Steven Mnuchin told FOX Business' Lou Dobbs during an interview on Tuesday. Mnuchin pointed to the negative interest rates causing people to turn to American dollars as a solid investment. "The dollar is the reserve currency of the world, and everybody wants to hold dollars," Mnuchin said on "Lou Dobbs Tonight." "And the reason why they want to hold dollars is because the U.S. is a safe place to have your money, to invest and to hold your assets." Mnuchin said it's interesting that, in a increasingly digital world, "the demand for U.S. currency continues to go up." "There's a lot of Benjamins all over the world," Mnuchin said. There are more $100 bills – also known as C-notes – in circulation than $1 bills, according to data from the Federal Reserve, which found there are more $100s than any other denomination of U.S. currency. The number of outstanding bills featuring a picture of Benjamin Franklin has about doubled since the start of the recession. In 2018, the Federal Reserve Bank of Chicago illustrated a correlation between low interest rates and high currency demand, though it also noted outside factors could help explain swelling demand. The bank estimates that 80 percent of all $100 bills last year were actually in circulation in foreign countries. It explained that residents in other countries, particularly those with unstable financial systems, often use the notes as a safe haven. FOX Business' Brittany De Lea contributed to this report.
  8. For Bitcoin’s scaling solution, 2019 has gone by in a flash—of innovation. It’s been a year of non-stop development for the Lightning Network—a super-fast payments layer on top of the Bitcoin blockchain that allows users to send and receive bitcoin quickly and cheaply. “We got our first neutrino mobile wallet, first conference, first instant fiat-to-Lightning channel swaps, and first major exchange integration. Huge milestones,” said Ryan Gentry, lead analyst at crypto investment firm MultiCoin Capital. Meanwhile, Samson Mow, chief strategy officer at Canadian blockchain services provider Blockstream, is excited by progress in multi-path payments, which enable larger sums to be transferred. It’s easy to forget how far Lightning has come as it makes strides towards mainstream adoption, and that it’s not yet mature. So let’s take a step back and take in just what it’s accomplished in the last year. A Lightning start At its core, the Lightning Network is a decentralized system for instant and high-volume bitcoin micropayments—with payments as low as 1 satoshi (worth $0.0001) instantly recorded on the network. It's regarded by many Bitcoin fans as vital in enabling Bitcoin to scale in order to support millions of payments and users per day. Launched in 2018, the Lightning Network consists of channels that allow users to move money between each other without needing to use the Bitcoin blockchain to verify the transaction. Instead, there’s a quick verification of funds from the buyer and the request from the seller, so the transaction can happen, but the actual settlement takes place later. “For the Lightning Network, 2019 was a year where the developers made a lot of progress getting the base layer rock solid,” said Blockstream’s Mow. In the first six months of 2019, Lightning doubled its node count and capacity, making the network more robust. By September, the number of nodes on the network had hit 10,000. New tools, utility and UX innovations went live. Bugswere found and fixed; people lost their bitcoin on the network, and found it again. Passing the Torch Last week, Blockstream announced that a fix is very near for one of the biggest problems facing Lightning: sending larger payments across the network. Tests to make so-called multi-path payments interoperable are now complete, Mow told Decrypt. “Multi-path payments allow for multiple channels to be used together in concert,” he explained. This will allow payments to be split into smaller chunks so that large amounts of bitcoin can be sent both quickly and cheaply. Channel capacity becomes less relevant, and routing options multiply. In March, the Lightning Torch went around the world. During the process the torch—a symbolic payment of $100 in bitcoin—was passed from one person to another (including Twitter CEO Jack Dorsey and LinkedIn CEO Reid Hoffman,) with each recipient adding 10,000 satoshis before passing it on. While the experiment was hailed as a big success, it pushed the boundaries of bitcoin payments, and the Network hit liquidity problems within its channels, highlighting the challenges posed by larger payments. That’s why for Mow, the progress made with multi-path is “the most significant development” of the year for Lightning. Lightning goes mobile The Bitcoin blockchain clocks in at 250 gigabytes—and it keeps on growing. That’s beyond most phones—even the HTC Exodus 1s “blockchain phone” needs to be plugged in and upgraded with a microSD card to run its much-vaunted full Bitcoin node. Taking the Bitcoin blockchain on the go isn’t an option, so you need a wallet or an app on your phone that checks Bitcoin transactions. Enter the Neutrino light client, or LND, which provides access to a very basic version of the Bitcoin blockchain, but can fetch a relevant block when data needs to be checked, keeping data usage to a minimum. This year, Tel Aviv-based bitcoin wallet and payment services provider Breezwas the first to introduce a Neutrino-based client for its app, for both Androidand iOS. “We want Bitcoin to be adopted by the masses, but we don’t want to lose the core Bitcoin values of being a decentralized platform [that’s] censorship resistant,” Breez co-founder Roy Sheinfeld told Decrypt. “The fact that we were able to bring Lightning to mobile without compromising privacy or security, using Neutrino, is the big advance, for me.” Other Lightning clients are adopting Neutrino, including wallets Zap and Nayuta. And sending bitcoin tips on Twitter also got easier as tippin.me, a platform that enables micropayments in bitcoin via the Lightning Network, launched a mobile version in September. Lightning fast fiat to Bitcoin conversion A year ago, Lightning users had to take their fiat to an exchange, go through all the hassle of know-your-customer (KYC), deposit their bitcoin into an on-chain wallet, and then transfer it to an off-chain Lightning wallet. The process of changing fiat directly into bitcoin on Lightning has come on in leaps and bounds over the past year. Services like Olympus from wallet-developer Zap, Sparkswap and Escher, have created a rapid on-ramp to the Lightning Network, so that users can buy BTC with fiat and have it deposited directly into their Lightning channels. In August, department store Pricerite started accepting bitcoin at its new concept store at the popular MegaBox shopping centre in Hong’s Kong’s Kowloon Bay area. It converts crypto payments into Hong Kong Dollars in real time at its cash registers. With Lightning, that’s now possible in a matter of seconds, according to Pricerite. Lightning Service Providers To use Lightning, users have to open a payment channel with a counterparty node. But how to choose from the thousands that are out there? Some have better connections, others have superior channel liquidity. To provide for simplified channel management, this year, developers at Lightning Labs turbocharged Autopilot, a helpful aid to getting started on Lightning. It uses heuristics to help new users choose a node, and is built into the protocol. Another way to easily connect to the network is through plug-and-play Lightning Service Providers (LSPs,) which have come to the fore this year. LSP’s such as Breez, LightningTo.Me, LNBIG.com, and Bitrefill's Thor provide services such as customization options, immediate liquidity, robust connections with other LSPs for effective routing options, even rebalancing payment options with other LSPs to ensure payments move freely. Lightning’s Submarine Swaps get out and about It’s been a big year for Submarine Swaps, which make it much easier to jump between the Bitcoin blockchain and payment channels. They allow Lightning users to transfer funds between a payment channel and their on-chain wallet without having to close and re-open the channel. In 2019, Submarine Swaps were integrated directly into several mobile Lightning clients, making it much easier to do things like top up a payment channel in order to make purchases. This year, Lightning Labs also released Lightning Loop: a service to perform Submarine Swaps that’s ready right out of the box. It allows users to receive bitcoin in increasing quantities without having to close and reopen new payment channels. Submarine Swaps can now be made both on-chain (with the Munn wallet, for instance) and off chain with Breez, which lets users top up their Lightning payment channels from an on-chain wallet. Building Lightning Watchtowers This year saw the introduction of so-called Watchtowers—third-party nodes to which a user delegates the responsibility of monitoring their channel activity. The Lightning protocol has a built-in mechanism to punish anyone who tries to cheat their counterparty by publishing an out-of-date channel state. But, until this year, there was no recourse if the cheated party was offline, or if their client was not monitoring their channel activity. Watchtowers ensure that users’ channels, and the network as a whole, are safer. Since they only receive transaction data in case of an actual attempt to cheat, the added security comes at a low cost in privacy. New tools and plugins make it easier to get to Lappland Lapps, the decentralized apps of the Lighting Network, are proliferating. There’s an impressive list here and here, but two popular new ones include Paywall.Link, which gives content creators a direct-to-Lightning paywall so they can get paid for blogs and other content, and Sats 4 Likes, which allows users to buy followers or likes in return for satoshis on Lightning. These days, it’s even possible to order pizza via Lightning, with the Fold web app. With new tools and plugins, lapps are getting easier to create, too: this year, a seven-year-old (and his dad) built a zombie hunting game that takes bitcoin Lightning payments. We want to obfuscate complexity, and make it a seamless experience, like with the Internet. Roy Sheinfeld In February, a new code release from Blockstream gave developers an interface and plugins that makes it even easier to build their own features into Blockstream’s open source c-lightning software. “For Blockstream’s c-lightning, 2019 was the Year of Plugins, where Rusty Russell and team made everything modular and customizable,” said Mow. The upgrade also introduced innovations such as monitoring tools, which run alongside a node to check if it’s alive and kicking. There’s also a “probing” plugin that pings random Lightning nodes on the network, to judge their reaction and establish the health of the network. The list is a work in progress. Fold and Casa incentivize Lightning Companies working with the Lightning Network are increasingly incentivising users, in order to ensure network security and entice new users on board. Through Lightning, Fold enables spending bitcoin and offers cashback rewards, in bitcoin, to shoppers who use its mobile app at Amazon, Starbucks, Uber and more. Hardware manufacturer Casa released its second generation Bitcoin and Lightning node in October. The Casa Node 2 is simple to set up, requires no specialist knowledge and offers users rewards by validating the blockchain themselves, thus increasing its decentralization and security. In the same month, Casa also released a companion app, Sats App, which enables users to send and receive bitcoin; it also rewards users for network-boosting actions such as connecting the app to their own node, proving that it’s active. Ever more user friendly Lightning Lightning's UX has been questionable in the past, but it’s made significant progress in the last year. Protocols like lnurl, introduced in January, help to simplify Lightning’s UX; Inurl streamlines the process of communication between Lightning wallets and third-party services in common situations, such as employing channel services. For example, users can now withdraw funds from a lapp by simply clicking on a link or scanning a QR code, rather than have to manually create a Lightning invoice as before. The protocol is rapidly being adopted by clients and lapps, so things are bound to get even easier. And even busier, no doubt. Progress this year has been astounding and developers such as Sheinfeld, show no signs of letting up. “We want to obfuscate complexity, and make it a seamless experience, like with the Internet." Ultimately, he said, "we want to change the world."
  9. First of all, the fundamentals of Bitcoin are excellent and the revolution it is leading continues to advance month after month, block after block. The number of Bitcoins that can be put into circulation is known to all. Thus, in 2030, the maximum supply for Bitcoin will always be 21 million. The demand for Bitcoin will increase in the coming years and with 8.6 billion people on Earth, the scarcity of Bitcoin will cause a sharp increase in its price. 8,600,000,000 population on Earth 21,000,000 bitcoin
  10. Fundstrat's Tom Lee says bitcoin could be poised for a huge breakout. With CNBC's Brian Sullivan and the Fast Money traders, Pete Najarian, Brian Kelly, Dan Nathan and Tim Seymour.
  11. Friday, Dec. 6 — crypto markets have continued to rebound after a sharp sell-off on Dec. 4, with Bitcoin (BTC) briefly reclaiming $7,500. The bullish momentum is observed across all the top 20 cryptocurrencies by market capitalization, with just Bitcoin Cash (BCH), Litecoin (LTC) and Unus Sed Leo (LEO) seeing some losses at the time of writing. Meanwhile, Chainlink (LINK) and Cosmos (ATOM) are reporting the biggest gains among the top 20 over the past 24 hours, both up around 4%, according to Coin360. Market visualization. Source: Coin360 After trading around $7,400 price point for the better part of the day, Bitcoin spiked to hit an intraday high of $7,576 in a matter of minutes. At the time of publication, the major cryptocurrency is up 1%, trading at $7,450. Despite renewed upward movement, Bitcoin is still down over 3.5% on the past seven days as it failed to retest $7,800 on Nov. 30. Over the past 30 days, Bitcoin is still down around 20% from $9,286. Major U.S. financial regulator approves a new BTC futures-focused fund The new spike in Bitcoin’s price comes alongside news that the United States Securities and Exchange Commission approved another Bitcoin derivatives fund. As reported by Cointelegraph, BTC futures-focused NYDIG Bitcoin Strategy Fund is now allowed to offer its shares to institutional investors. The upward movement on crypto markets may be caused by the approaching Christmas holidays, according to a new report from analysts at crypto exchange SFOX. According to the researchers, Bitcoin searches on Google usually peak before holidays, not after. As such, on Nov. 28 — Thanksgiving in the U.S. — Bitcoin saw three consecutive days of price growth, the firm stated. Meanwhile, Twitter crypto personality Bitcoin Macro recently predicted that 2020 will be a “mind blowing year for crypto,” while “2019 was, and still is, the year to accumulate.” ... The total market capitalization accounts for $202.5 billion at the time of publication. Keep track of top crypto markets in real time here Speaking at ELEV8CON in Las Vegas on Dec. 10, founder and CEO of Celsius Network Alex Mashinsky said that there is a war brewing between centralized and decentralized networks. "The centralization of the Internet by companies such as Facebook and Google has created a distorted reality where fake news and blatant lies get the same treatment as documented truths,” said Mashinsky. Mashinsky said that the rise of centralized social media networks has resulted in an increase in fake news, causing a great deal of confusion regarding the basic facts of issues and events. Mashinsky also noted that fake news stories tend to increase reader engagement, which is then gets converted into huge profits for companies like Facebook and Google. “If such lies bring engagement (which is immediately converted into huge profits) then they deserve to be pushed and promoted by the world’s best algorithms, which work tirelessly to extract every dollar out of them. No need to worry about our democracy or human rights, corporate mega-profits can cure all ills if we just issue PR that we donated 1% of what we made to a school or the disabled,” said Mashinsky. A blockchain-based solution Mashinsky told Cointelegraph that a blockchain-based data platform is the only solution capable of combating fake news. A system such as this can verify the identity of users and the authenticity of data, bringing a much-needed layer of transparency to the online world. Mashinsky mentioned that a project like EOS Voice, which uses blockchain technology to record the inner operations of its network, will be one of the first decentralized applications to bring trust to the internet. EOS Voice is a social media platform that was unveiled by EOS creator Bock.One. The beta version is scheduled to launch on Feb.14, 2020. Unlike centralized social media networks that extract personal user information without permission, all operations across EOS Voice are recorded on the blockchain. Moreover, while Mashinsky noted that social networks are vulnerable to fake news due to the fact that anyone can post whatever they please, EOS Voice users must verify their identities. This provides a way to decrease fake accounts and illegitimate content, as everything posted can be traced back to specific people. Yet while platforms like EOS Voice are being brought to market, Mashinsky pointed out that gaining user traction remains a challenge. “Platforms designed to protect us and act in our best interest already exist. We are just waiting for 7 billion people to discover them. When they do, the entire internet will become an application on the blockchain” said Mashinsky. Blockchain economics To his point, Mashinsky presented a slide during his keynote entitled, “Blockchain Economics.” Written on the slide was “E=MC2”. In this case, E stood for Ethereum, M stood for members, and C stood for Consensus. “If you want the Ethereum blockchain to ever be valuable you need members and consensus,” explained Mashinsky. Mashinsky ended his keynote by explaining that we already went through the blockchain hype curve, but that we still need to cross the chasm. He noted that stable coins are a great stepping stone to get people to understand the potential of cryptocurrency. He also recommended to stop using centralized networks entirely: “The amazing thing is that if we stop this addiction, Facebook will lose their power and disappear just as fast as they got hold of it. How do I know that? I helped make the old phone companies that charged $700 a month to disappear. Now, it’s free because [Voice over IP] allows us to take the power back and leave these toll collectors behind. It is up to us to decide if the future will be more centralized or decentralized.”
      Hello guest!
  12. The man's name actually is Satoshi Nakamoto. He's not THE Satoshi Nakamoto, he just has the same name. It's just a meme. ioyhdo0l37341.gif.mp4
  13.  


×
×
  • Create New...

Important Information

Terms of Service Confirmation Terms of Use Privacy Policy Guidelines We have placed cookies on your device to help make this website better. You can adjust your cookie settings, otherwise we'll assume you're okay to continue.