Turning Shit (Literally) into Bitcoin Gold with ShitExpress
Selling animal by-products like manure and hot dogs is, of course, not new in the world. People have been making fortunes on various forms of literal shit for a long time. The use of manure dates back to the earliest days of agriculture. In more recent times, a marketing guru had an idea that would seem doomed to fail: let people send a box of horse shit to anyone, anonymously, by paying with Bitcoin. Quite a dastardly proposal, but worth a try. Also read: Luxembourg Researchers Find a Way to Unmask Bitcoin Users. When the project began, the CEO of ShitExpress, Peter, wasn't ready for....
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It's been a roller coaster year in bitcoin, and not just for the price. While companies like Circle ventured to make bitcoin a serious contender in mainstream finance, there were many events that highlighted the not-so-serious side of the currency. Here are six of the best. Poop mail. Whoever said that bitcoin couldn't buy you things? Alongside Xbox credits, university tuition and craft beer, 2014 was the year that the digital currency first bought you a parcel full of crap. Founded in October, Shitexpress is a service that mails a tupperware container of horse manure with a personalised....
While gold will always be the first choice of safety net for a purist, the millennials believe bitcoin to be the new gold or the digital gold. The two contemporary safe havens during the times of economic crisis are the representatives of tradition and technology. While gold will always be the first choice of safety net for a purist, the millennials believe bitcoin to be the new gold or the digital gold. And seems it is truly a digital age, as proved by recent bitcoin high over gold. The world is increasingly turning to bitcoin as a safe haven. Nonetheless, the demand for gold invariably....
Some people believe the US dollar is backed by gold. This is inaccurate. The US Dollar is backed by something alright, but not by an object of value. Fiat notes are propped up by the truncheon and gun. “Fiat” literally means “by decree or arbitrary order”. This implies that government Federal Reserve notes are only valuable insofar as their worth is....
Bitcoin is not a gold standard as it is independent, without the intervention of any central bank or government agency. There has been a lot of comparison between bitcoin and gold in the recent times. Bitcoin has been compared to gold in many aspects. In fact, bitcoin is also called digital gold for a reason due to various similarities it shares with the yellow material. However, referring to bitcoin as a gold standard may not be relevant. The gold standard is a reference to the monetary system that was based on the value of gold. While most countries stopped following the gold standard....
Over the first six months of 2016, Bitcoin trading volumes in Brazil surpassed that of gold on the Brazilian Securities, Commodities, and Futures Exchange by around 7 percent. While gold has a track record that shouldn’t be underestimated, it also can’t be ignored that Bitcoin exceeding that of gold is seen as an historic moment given the fact that it has only be trading for seven years. Speaking to CoinTelegraph, author of ‘Bitcoin – money in the digital age’ and founder of the blog “Money in the Digital Age” on Brazil’s largest financial news site, InfoMoney, Fernando Ulrich, said that....