If you wish you could go back in time and buy a Bitcoin when it only costs a few bucks, now is your chance - sort of. A new video game (spotted by Motherboard) is offering players a shot at winning a single Bitcoin (currently valued at just over $12,700). All you have to do is buy the game on Steam for $US1.99 ($2.51) and be the first to beat it.
Tagged With cryptocurrency
Predicting the future is near impossible -- but that doesn‘t stop us all from having a red hot go. Human beings have been predicting the future since the beginning of history and the results range from the hilarious to the downright uncanny.
One thing all future predictions have in common: they‘re rooted in our current understanding of how the world works. It‘s difficult to escape that mindset. We have no idea how technology will evolve, so our ideas are connected to the technology of today.
Over the past few months, Lifehacker has written a lot of articles trying to demystify the world of cryptocurrency, but there's still a ton left to cover. You could probably spend the rest of the year reading about cryptocurrency and still have more questions than answers. I'm not recommending anyone actually do that, but if you want to, there's a website you should check out.
The salad days of cryptocurrency are fading fast. Yesterday, the price of bitcoin fell below $6000. Some are predicting it could dip through $3000 in the months ahead. This is a far cry from December 2017, when a single bitcoin hovered around $25,000 in value.
During this week's crypto bloodbath, it might be tempting to poke fun at colleagues who invested heavily in bitcoin and wouldn't shut up about the huge profits they were making. Instead, try showing a little empathy.
Bitcoin is crashing, but you probably already knew that. However, if you haven't spent the past few weeks desperately refreshing CoinMarketCap (or one of the other sites that tracks the value of cryptocurrencies) you may have missed a shocking drop that's erased much of the value built up over 2017.
All good things must come to an end - and bad things, too. Bitcoin has had a hell of a ride over the last year, but that all seems to be over as almost 60 per cent of its value has vanished in the last month. Enthusiasm in the cryptocurrency market is low as Bitcoin dropped below $10,000 for the first time since November.
It's no secret that the value of Bitcoin and other cryptocurrencies can be volatile, but on January 9 the entire market took an unprecedented plunge - one that it still hasn't recovered from. At the time, there was no shortage of factors to blame, from the threat of crypto-regulation by national governments to frivolous mainstream investment, but in this case, the drop in Bitcoin's value may have been the work of exactly one person.
Welcome to Lifehacker's weekly round up of all things Bitcoin, altcoin and cryptocurrency. It's been a pretty average start to the year for all cryptocurrencies, to be honest. As mainstream press reports on things more and more, it feels like people are collectively willing cryptocurrency to fail. If you're holding coins, are you panicking?
Here's the big news in Bitcoin this week.
Over the weekend, we learned that hackers were using YouTube ads to take over computers and force them to mine cryptocurrency. These types of attacks (known as cryptojacking) are only becoming more common, but a closer look at the practice reveals that it's usually tied to one particular currency: Monero.
The first Bitcoin transaction ever was by a man who bought two pizzas. That arrangement would be worth over $123 million today. Regret was baked into Bitcoin from the beginning. Last year, somewhat inexplicably, Bitcoin's price rose more than 1000 per cent. That number has since dipped, but a single Bitcoin is still, as of this writing, worth around $13,760.
With cryptocurrencies all the rage, lots of people are looking for ways to mine various coins in order to take advantage of the current volatility that can see some people make monitor profits very quickly. OsherCoin is an entrant to that market that wants to make that process easier for the masses. They have a bespoke appliance that can mine currency that doesn't require a pile of tech expertise to build a cluster of devices to get into the cryptocurrency market.
So you've heard about Bitcoin and maybe even invested a little cash into it, hoping that its price continues to skyrocket. But Bitcoin isn't the only cryptocurrency looking to shake up the way that we process transactions around the world. There are hundreds of others that have slowly began rising to prominence as cryptocurrency becomes more mainstream.
Welcome to Lifehacker's weekly round up of all things Bitcoin, altcoin and cryptocurrency. It's been an insane week for Bitcoin, with the kind of dip that sent holders into a panic not seen since... well, since the last dip. It's been messy and, for some, it's been brutal.
Here's the big news in Bitcoin this week.