The Invisible Incentives Of Bitcoin
When examining why people acquire bitcoin, we find different incentives, more based on preservation of the network than “getting rich.”What incentives does Bitcoin offer? Money accumulation, or is there any greater purpose and incentive for miners securing the network? Mining is a most important process of the Bitcoin network, yet relatively few actually understand it.I recently had the pleasure of speaking with Marty Bent, the laid-back Philadelphian with a penchant for Bitcoin mining and founder of Tales From The Crypt podcast. We talked about my journey and how I came about writing my....
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The growing appeal of Web3 and cryptocurrency creates shockwaves among mainstream users. Initiatives like Invisible College help people better understand this new frontier and its opportunities. A new crypto academy has been launched through a partnership with Nas Academy, which one can only access by holding a Decentralien NFT. Invisible College Teams Up With Nas Academy The Invisible College project has a simple goal: make people more knowledgeable about web3 and the many opportunities this technology represents. That process includes offering educational material regarding learning,....
Bitcoin’s incentives are clear and fair, while proof-of-stake has contrasting incentives that are the same as the current system where the rich get richer.
So many drops, and too many missed mints? Whitelist Watch has you covered when it comes to keeping a pulse on upcoming NFT projects. Nonfungible token (NFT) projects seem to have been diverted from what was once traditional minting to nowrequiring potential buyers to join whitelists to access the pre-sale before the collection goes public. This means investors keen on obtaining a sharper edge aim to get on as many whitelists as possible to increase their potential return-on-investment when the NFT is eventually sold on the secondary market. CryptoBatz are being minted today on their....
Why is bitcoin the superlative choice of money for aligning the incentives of the world to the greatest benefit?
Some OKEx's users in China are determined to leave the exchange despite new incentives designed to keep them.