Don’t think Bitcoin’s supply is finite? You probably don’t understand the tech
A research firm’s head recently claimed Bitcoin’s capped supply could be changed. Bitcoin’s (BTC) price rise has brought all sorts of comments out of the woodwork. Although many carry a bullish tint, some folks still doubt crypto as a new store of value class. David Rosenberg, the chief economist and strategist, as well as president, of the firm Rosenberg Research & Associates, recently described gold’s supply as more predictable than Bitcoin’s."Everybody seems to believe that we're going to get to that 21 million cap on the supply constraint, but there's really nothing in the protocol to....
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An understanding of what bitcoin is, how it works and its various features and benefits have, in the bitcoin space, traditionally been viewed as a key component of mainstream adoption. How can the general public be expected to switch from things like PayPal, fiat, Visa etc., if they don’t understand how what they are switching to works? There is some common sense in this view. Individuals who lack an understanding of cryptocurrency are more often than not intimidated by its seeming complexity, and this puts them off using it to transact. The conclusions of a recent study, however, go....
The Bitcoin network might consume electricity and connect to the internet, but it is more robust than any single utility on earth. The post You Don’t Have To Worry About Bitcoin’s Reliance On Utilities appeared first on Bitcoin Magazine.
In 10 years Bitcoin’s finite supply will be nearly exhausted, meaning holders might only need 0.01 BTC to become filthy rich. In 10 years Bitcoin’s finite supply will be nearly exhausted, meaning holders might only need 0.01 BTC to become filthy rich.Saving 0.01 Bitcoin (BTC) might cost only $500 today but according to the current global wealth distribution and the digital asset's limited supply, 0.01 BTC just might be enough to make one a millionaire in the future.According to Credit Suisse's "Global Wealth Report 2020", there are 51.9 million individuals with a net worth surpassing $1....
Living in Russia during the collapse of the Soviet Union makes the importance of bitcoin’s properties obvious to anyone who tried to protect their wealth.
I walked up to a businessman friend a few days ago and asked him point blank: “Do you know what bitcoin is?” He stared at me and blinked twice. He really didn’t need to reply, his facial expression was a dead giveaway. He didn’t have a clue. Here lies the problem, when many of us Filipinos, rich and poor alike, are struggling to get out of the so-called rat race of eat-sleep-work-pay-bills, we do not have any inkling of the advances in finance, investments and technology that could help us in our quest to financial freedom. Blame it on the banks for never introducing us to such concepts....