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About This Club

Tell us what you know about Cryptocurrencies and Blockchain technologies

  1. What's new in this club
  2. If your bitcoin support group meetings are light on attendees, get yourself to the former Soviet republic. Georgia's "betting its economy on luring blockchain technology," according to the NYT, with an estimated 200,000 people having set up mining computers in basements or garages. Cryptocurrency mining likely accounts for 10-15% of Georgia's total electricity demand.
  3. Last year's epic crypto rally is a distant memory—increased regulation, an unclear path forward, and problems with exchanges have contributed to an almost $700 billion rout...and potentially a new section in the "Famous Bubbles in History" chapter of your econ textbook.
  4. Last fall—back when you were chomping on romaine lettuce without a care in the world—bitcoin was busy steamrolling any and all naysayers on its way to a peak near $20,000. But today? The biggest cryptocurrency is wallowing closer to $4,000. Prices have plummeted as even the most bullish crypto investors start to reconsider. So how'd we get here, you ask? Well...
  5. Bitcoin fell below $6,000 on its way to hit its lowest level of the year. Other cryptocurrencies (like Ether and XRP) had an even worseday.
  6. Sweden will be the first country to implement a full-fledged digital currency as an official and overt act. However, it is unlikely to be the last. For many reasons, cash and other paper instruments are on the way out. Although it remains the best way to transact peer-to-peer, the risk it entails and its methods of issuance and counterfeit are precisely the factors that created a need for cryptocurrencies in the first place.
  7. This could be important news for Nicaragua as well. Does anyone know what app or website Venezuelans are using to exchange their currency for bitcoin?
  8. In Proof-of-work (PoW) transactions are grouped into blocks. These blocks are validated by PoW miners. When a block is validated it becomes a permanent part of the Decred network. You can become a miner by dedicating spare computing resources to the network. In return miners are rewarded with Decred. For efficiency and convenience you can join mining pools. The pools are groups of miners who share the work and split the reward. Joining a mining pool is an excellent way for smaller contributors to receive consistent payouts for their work.
  9. The term mining represents the process of validating transactions on the Decred network and keeping it secure. In return for work, miners are rewarded with newly generated Decred coins. Decred has two methods of validating transactions: Proof-of-work (PoW) and Proof-of-stake (PoS).
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