Bitcoin's Conundrum: Rewarding hoarders and punishing users
There are, theoretically, almost 13 million bitcoins in existence. Of this figure, I am going to assume that at least 2 million bitcoins have been lost. I believe this is a conservative figure, many more may be buried in long forgotten hard drives and Mt. Gox has accounted for a few, if Mark Karpeles is to believed. So that leaves us with 11 millions. Now, we don't need all of those 11 millions to function successfully, as a matter of fact Bitcoin could function successfully as the World's number one currency if we only had 1 Bitcoin. This would, of course, mean that that Bitcoin would be....
Related News
Bitcoins are a class of investment widely known yet rarely fully understood. Accordingly, if you are willing to pursue a deliberate and dedicated approach to wealth creation within this sphere, you'll so be equipped to at once benefit where others do not; and stand to grow your skills at delivering rapid returns in the market. If possession is nine-tenths of the law, knowing what to do when it comes to trading bitcoins is an absolute necessity. This is because bitcoins - like forex, binary options, futures and any other investments - are highly rewarding to those who know how to wield....
It is not impossible to see black money hoarders flock to Bitcoin or gold to store value. However, that does not mean the assets themselves are at fault. The topic of Bitcoin continues to cause controversy among financial experts. Larry Summers told the media how most Indians have already invested their money into other assets. Bitcoin is one of those assets, together with gold, or another form that is not But at the same time, this causes even more speculation as to how consumers use Bitcoin to evade taxes. Any financial asset not controlled by the government is subject to scrutiny and....
Banks face a stablecoin conundrum: Build their own projects, with all the overhead that implies, or work with well-placed existing providers.
The adoption of bitcoin by El Salvador poses an interesting contradiction of freedoms, albeit solved on a secondary level.
Leading crypto exchange Phemex has announced a new initiative called Learn and Earn. This educational program has the objective of rewarding users to learn about crypto and its underlying technology. Divided into several courses with different lessons in video formats, users will learn fundamental concepts related to this industry and this new asset class. Users […]