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.
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.
Continue reading “Bitcoin Transactions: The mempool”
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?”
An Alt-coin generally means a Bitcoin clone with it’s own Block chain. I think that most Bitcoin fans have a favorite alt-coin. My favorite alt-coin is Maza (formerly known as Mazacoin). Continue reading “Maza: My favorite alt-coin”
I’m trying to figure out what I see in Bitcoin that others do not and describe it for you in writing. Continue reading “The Bitcoin Economy”
I regularly listen to the financial conspiracy theory crowds on Youtube. They offer interesting angles on ideas. There are a few of them that claim that Bitcoin is just another way to get the world to a cashless society.
Continue reading “What I think about all this talk of a cash-less society”
There are several ways to earn bitcoin. You should find the best one for you, but do not limit yourself to that one way.
Continue reading “How can you earn bitcoin?”
Have you used bitcoin before? You need to try it. It doesn’t cost hundreds of dollars to get started on your personal bitcoin empire. Continue reading “The foundation of your bitcoin empire.”
I would say no to this question. In my opinion, these tokens are creating a loop. First, we had crowd funding where one person would give/ donate another person bitcoin (to do some project) and that would be the end of the financial transaction. Now we can give the original donor a token and it becomes more of a value for value transaction and possibly an investor. Now, they can go on the market and get something for their token which should hopefully be more than zero. As the markets get older, there will be investors with stronger hands looking to get tokens at the market bottom price as well.
Will people still create scams? Yes, but now each project could have a market where people could get partial refunds if they get cold feet. Keep an open mind.
So I hope the good guys keep creating small projects that bring value to the world and I’m going to keep investing.
Protip is a Google chrome plug-in that manages a bitcoin wallet and collects bitcoin addresses from websites that you visit with your browser. Continue reading “Protip, bitcoin tipping to content producers”