The 9 Mistakes I Made When Bringing Blockchain to My Startup
In serving as a record for every bitcoin that has been generated and transferred between parties, the blockchain has a critical role to play. Each cryptocurrency has its own blockchain, so it becomes very important to be able to use it correctly in order to maintain its quality and credibility as a value exchange network. For me, I originally sought out blockchain for a project that would transform the online database functionality powering our online invoicing and payment system, which included the directory of users, their staff, and their clients. Because of the complexity of keeping....
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Mistakes: Interview with the Man that sent 800 BTC to Mt.Gox. Quite recently, a man that goes by the Reddit handle of TheDJFC, mistakenly sent 800 BTC to the same address which he sent 300 BTC earlier this year. At current prices, this sums up to around $688,600 for 1100 BTC. The man has evidence to back his story up; transaction can be seen on the blockchain. He reached out to the Bitcoin Community over at Reddit, making a post about it to see if anybody could help him out, seen here.
CEO of trading firm Genesis, Michael Moro, stated that according to his views the decentralized finance (defi) space is still too risky for institutions to step in. Moro explained that there have been some important mistakes made by high-profile defi protocols that are putting customers’ funds at risk. This is why the space is being still dominated by retail investors, that have more lax risk management policies.
Defi Errors Scare Away Institutions
Michael Moro, CEO of Genesis, one of the biggest cryptocurrency trading firms in the space, stated his opinion about why defi....
Have you ever found yourself explaining cryptocurrency to someone who knows little or nothing about it? When you know a lot about a topic, it can be difficult to describe it to those with much less base knowledge than yourself. Check out these four mistakes you might be making, and how to fix them to achieve a better understanding from those you converse with. 4 Mistakes to Avoid When Explaining Cryptocurrency to Newcomers 1. Don’t Use the Word “Cryptocurrency” — Really. You likely know that “crypto” is short for “cryptographic,” but many or most newcomers will not. And even if they did,....