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.
The Essence of crypto currency
I ran across this video which seems to indirectly explain how crypto currencies might work by explaining early money economies.
What gives Bitcoin value?
I get asked this question a lot. I am going to try to answer it differently here.
What is the difference between a “Coin” and a “Token” ?
In the crypto currency world there are coins and tokens. What are the differences between them and how does this effect our investing?
Continue reading “What is the difference between a “Coin” and a “Token” ?”
What backs Bitcoin?
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?”
Bitcoin: The club
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.
Maza: My favorite alt-coin
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”
A Bitcoin Education
There are many parts to Bitcoin and crypto-currencies that you should think about to understand Bitcoin.
The Bitcoin Economy
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”
What is does Fiat mean?
Fiat is money that is made by government regulation or law (Wikipedia). If you spend any time around bitcoin fans you will hear the word Fiat.