Tagged With bitcoin

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The problem with most blockchain "explainers" is that they provide more detail than what matters to most people, using language that is foreign to most people, which winds up leaving people more confused than when they started. Instead, without worrying about being a technically perfect description, here's an explanation of blockchain your parents could understand.

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Cryptocurrencies have become a global phenomenon in the past few years. Now Facebook is launching it’s own cryptocurrency, in association with Visa, MasterCard, Uber and others. Libra could become more successful than other cryptocurrencies like bitcoin because it has the backing of multiple large international corporations.

Shared from Gizmodo

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Last year HTC announced a blockchain smart phone, the Exodus 1. Pre-orders were subsequently opened in October and surprise! You could only pay for one with cryptocurrency. This limitation may not have worked out so well, because HTC will now take regular old dollars.

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In 2017, Bitcoin's value soared from $1200 to around $25,000 before dropping down to around $16,000 at the end of the year. Since then, it's value has risen and dropped sporadically from day to day, dragging smaller cryptocurrencies such as Ether and Ripple along with it.

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On November 20, developer Ayrton Sparling posted an issue on the GitHub repo for "event-stream" — a JavaScript package that enjoys 1-1.5 million downloads per week and is used in some rather high-profile projects. The issue, simply titled "I don't know what to say", outlined some suspicious behaviour that, after extensive investigation, resulted in the discovery of a bitcoin-stealing payload deviously hidden inside.

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Early this year, I decided to set up a cryptocurrency investment portfolio, using money I could afford to lose. Since then, the total value of my portfolio has fallen by 60 per cent. Here's why I'm holding on - and why you might want to consider buying bitcoin while prices are cheap. (Emphasis on 'might'.)

Shared from Businessinsider

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Bitcoin's price dropped sharply overnight, twice falling below $5000 per coin. At 6.30am AEDT, the benchmark cryptocurrency was trading lower by around 11.5% at $US4990. The collapse is being described by analysts as "like a house of cards." Yikes. Here are the details.

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A mysterious, anonymous entity known as “Satoshi Nakamoto” posted a white paper on October 31 2008 entitled “Bitcoin: A Peer-to-Peer Electronic Cash System”. It was the first time that the concept of Bitcoin entered the world.

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Cryptocurrencies are either going to be the biggest investment opportunity of the 21st century or represent the biggest financial fraud in history depending on who you ask. Almost everything you read about cryptocurrencies is focused on one particular coin; Bitcoin. Currently trading at around US$6600, is the price set to plummet or could it reach reach $50,000 or even $100,000?

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So you're ready to buy some cryptocurrency. Maybe you've been reading up on blockchain technology and you're convinced it really is the future. Or maybe you watched a friend get rich off Bitcoin and you're still kicking yourself for not doing the same.

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The emergence of cryptocurrencies as an economic instrument has been one of the biggest tech and finance industry trends of the past five years. From a whitepaper written by the pseudonymous Satoshi Nakamoto, it has emerged as a valuable commodity that is traded online through exchanges across the world. But is Bitcoin a scam? Is it really an object of value or are traders deluding themselves?

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I've lost almost $400,000 worth of bitcoin so far. Now's the bit where I'm supposed to tell you it's all fake and I only lost it in the cryptocurrency trading simulation game Bitcoin Flip. But no, I actually bought $500 worth of bitcoin back when it was cheap, then left it in the hands of the Mt. Gox online exchange, which then lost it.

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This week our guests are the hosts of Coin Talk, a podcast about Bitcoin, cryptocurrencies and the blockchain. Journalists Aaron Lammer and Jay Caspian Kang talk to us about their show, their own adventures trading crypto, and the weird culture of ICOs, conmen and speculators that Aaron calls "Coinworld".

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If you aren't an expert coder but have been a keen armchair observer of Bitcoin, Dogecoin, and every other increasingly niche cryptocurrency, you might be wondering if it's feasible to create your own.

In short: yes. But there are quite a few different options to consider - and caveats to keep in mind - before you dive in.

Shared from Theconversation

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Bitcoin has been on a volatile ride in recent times, its value rising and falling like a kite caught in variable winds.

Its future will likely be as unpredictable as its past given that it’s a currency propped up by risk-takers, a target of lawmakers and tied to nothing more substantial than an algorithm.

But there are certain variables and concurrent conditions that are signals worth watching when considering Bitcoin’s future.