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In The Ashes of Financial Ruin: Cypherpunks and the Birth of Bitcoin

Posted by James Underhill on

September 29, 2008. It was a clear morning in New York City. However, the weather didn’t reflect the mood. By the end of the day the Dow Jones Industrial Average plummeted 778 points, representing the largest point drop in history. It prompted one of the most profound global recessions in recent times. Is it a coincidence that only a few weeks later in October, Satoshi Nakamoto released the now famous whitepaper: Bitcoin: A Peer-to-Peer Electronic Cash System. When we reflect on 2008 it seems likely that the crash, triggered by the housing bubble, was the impetus for creating a trust-less financial...

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Bitcoin vs bitcoin

Posted by James Underhill on

As cryptomania ramped up last year, we saw a lot of hype around bitcoin - the currency. Note the use of the lowercase "b". The second usage "Bitcoin" is a reference to the ecosystem and is more focused on the Bitcoin protocol as opposed to the currency. I might say, "I paid 0.2 bitcoin for xyz" if I wanted to specify the exchange of bitcoin tokens. The distinction is small, but important. There's no certainty bitcoin will remain the defacto cryptocurrency of the future. However, it's undeniable that Bitcoin paved the way for new ways of thinking, as well as,...

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Bitcoin Mining: Risks and Rewards for Entrepreneurs

Posted by Taras Lanchev on

Blockchain technology is already starting to have a major impact on the business world, creating entirely new industries. Bitcoin mining is quite possibly the most interesting and profitable of these new opportunities. Whether you’re an entrepreneur on a budget or have a large supply of capital to spend on a mining operation, here are some important things to consider before starting a mining operation and how you can benefit from a successful mining operation. Things to Consider Before Starting Legal Risks One of the first steps to consider is whether or not bitcoin mining is legal where you live. In some countries,...

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What is a Death Cross and why is everyone freaking out?

Posted by Taras Lanchev on

The price of Bitcoin is falling and this can only mean one thing - FUD. During these difficult times of Fear, Uncertainty and Doubt, Bitcoin investors turn to the only oracle out there who can calm their worst fears - the chart analyst. Will Bitcoin rise or will it fall? There is a huge industry of "TA specialists" also known as gurus, mentors, masterminds or oracles who reside on Twitter or in closed Facebook groups where they regularly post their predictions about the price of Bitcoin and other cryptos. Their weapons include charts which show historical ups and downs of the...

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Judgment Day: Tom Lee has revealed the day when Bitcoin will bottom

Posted by Taras Lanchev on

At the start of the week, a number experts have shared their visions of the future price of Bitcoin. In their opinion, the price will continue to fall and FUD like the rumours of the Chinese banks increasing cryptocurrency regulations are the reason behind it. Some even say that the price may fall down to $4000. Tom Lee, an investor and a huge believer in Bitcoin and cryptocurrencies, has now revealed the exact judgment day. What will be the price of Bitcoin? Fundstrat cofounder, investor and a firm believer in Bitcoin, Tom Lee, predicts the cryptocurrency market to go down in the second half of April....

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