Everyone, who is able to, should hold $10 worth of Maza.
I went to my first bitcon/ block chain meet up at Royal Ink Tattoo in Somerdale, NJ. Next month they will hopefully have a Bitcoin ATM for fast purchases.
It’s nice to get out and meet some people who are also interested in Crypto currencies instead of going on to family and friends who are tired of hearing you talk about it.
It was interesting to note that as a group of strangers, unfamiliar with each other, sound investment advice was automatically checked and balanced in the group. Nothing was pumped.
Most would say that the crypto currency space is trying to build a new economy from scratch. How do you go about doing this? What are we seeing happen?
I found a site that has a ton of Bitcoin information! Check it out, by James Lopp!
With 2018 starting, a lot of us are talking about Bitcoin transaction fees. The fee prices are higher for two reasons. Bitcoin is now worth more, and the price is set in Bitcoin, so the fee is higher in dollars and the mempool (memory pool) of transactions waiting to be processed is high, so higher fee transactions get processed first.
I ran across this video which seems to indirectly explain how crypto currencies might work by explaining early money economies.
I get asked this question a lot. I am going to try to answer it differently here.
In the crypto currency world there are coins and tokens. What are the differences between them and how does this effect our investing?
For this question of what backs Bitcoin, the easy answer is nothing. The longer difficult answer is scarcity, electricity, computing power, community, and use. Continue reading “What backs Bitcoin?”
People continue to ask about the value in Bitcoin and Crypto currencies. Crypto currencies are these new assets which are protected by cryptography which is a very secure system to protect information.