Are Altcoins Bitcoin’s Friends or Enemies?
Altcoins have a long tradition in the Bitcoin community, but they tend to cause a contentious divide among those who think they’re useful and those who think they’re all scams. One side of the argument, articulated by the Satoshi Nakamoto Institute’s Daniel Krawisz, is that altcoins have no chance of success and distract possible users from Bitcoin,....
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In “The Godfather Part II,” Michael Corleone sits in the family home with his distant relative, Frankie Pentangeli, and recites the famous words his father once told him in secret: “Keep your friends close, and your enemies closer.” The line is simply a take on the old saying, “know thy enemy.” It’s a strategy that opposing armies have used for centuries, and it has been proven to work. Knowing your enemies means knowing their weaknesses. Knowing their weaknesses means knowing how to defeat them. Technology and innovation have done wonders for our society. They have created businesses,....
If you know about bitcoin, then you should be know about altcoins as well. Altcoin is a broad term "coined" to classify cryptocurrencies other than bitcoin. Many bitcoin enthusiasts find altcoins to be a cheap copy of bitcoin. According to them, altcoins do not make the cut and they are a waste of time and resources. As bitcoin technology is open source, its source code is out there and anyone and everyone can use it to develop their own version of cryptocurrency. It is a crowded market we agree, and some of these altcoins don't make any sense. However, we ought to remember that altcoins....
Someone is playing with the Bitcoin price. In the last couple of days, the Bitcoin price has jumped up and down rigorously from 610 USD to 680 USD per Bitcoin. Four hours ago it dropped with more than 50 USD. There has not been any significant news that could explain the sudden rise or sudden fall of the Bitcoin price. The actions taking place seems to be marked driven with a pure trading goggle. The question is who's pumping and dumping. Everyone? Bitcoin has its enemies. Some of its enemies are the most powerful enemies one can have. A few countries haven't taken a very hostile approach....
PayPal has joined forces with Bitcoin as a sort of keep-your-friends-close-and-your-enemies closer tactic. Bitcoin is designed to overtake and make obsolete services like Paypal and Western Union. It is faster, less expensive, and doesn't require their third-party services to accomplish the same objectives. It is a better PayPal, and they know it. Now that the Internet has borne this superior option, it would be wise for PayPal to foster a stronger connection with its customer base to keep them happy and in the fold, no? PayPal doesn't see it that way. In fact, they may be looking to drive....
Since bitcoin’s significant price rise, altcoins have been brushed off to the side as bitcoin’s dominance climbed to 87.4 percent. Altcoin interest has waned as each alternative digital asset has lost market capitalization over the past two months. There are various reasons. All Eyes Focused on Bitcoin. Let’s face it: all eyes are on bitcoin’s price....