NovaChain Exit Scam Highlights the Danger of Trusting Crypto Influencers This article was originally posted on The Merkel - with a dedicated cryptocurrency news section and also a variety of educational articles relating to Bitcoin, [...]

This article was originally posted on The Merkel - with a dedicated cryptocurrency news section and also a variety of educational articles relating to Bitcoin, [...]

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Crypto Scam Bots Back in Full Force: Signs of a Bull Run? This article was originally posted on Ethereum World News - an independent news provider covereing Ethereum, Bitcoin, Ripple, Litecoin dApps, start-off ICO’s and the whole Blockchain [...]

This article was originally posted on Ethereum World News - an independent news provider covereing Ethereum, Bitcoin, Ripple, Litecoin dApps, start-off ICO’s and the whole Blockchain [...]

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Wells Fargo Won’t Allow Customers To Buy Bitcoin This article was originally posted on The Bitcoin News - a trusted site covering numerous topics related to Bitcoin since 2012. Wells Fargo, a huge [...]

This article was originally posted on The Bitcoin News - a trusted site covering numerous topics related to Bitcoin since 2012. Wells Fargo, a huge [...]

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The 21 million Bitcoin story explained: Why is the number special?

submitted by /u/LujanOdera [link] [comments]

source https://www.reddit.com/r/btc/comments/cczcdy/the_21_million_bitcoin_story_explained_why_is_the/

John McAfee Responds to President Trump's Bitcoin Outburst

submitted by /u/4tunec00kie [link] [comments]

source https://www.reddit.com/r/btc/comments/cczv92/john_mcafee_responds_to_president_trumps_bitcoin/

What is Bitcoin backed by?

What is Bitcoin backed by? Asking what Bitcoin is backed by is akin to asking what the kilometer is backed by. As much as there is utility for having standardised units by which we measure distance, the same goes for units that measure value.

Humans have allowed despotic governments to impose dictatorships over money. The closest thing we had to money was gold.

Gold’s utility as a monetary instrument derives from its scarcity. The confidence that we can’t easily inflate the stock of gold is why gold was useful for communicating value. In the same way that it’s hard to plan a road trip if the unit of distance fluctuated, the economy cannot make sound business decisions if money was unpredictable.

Bitcoin is the first metric unit for communicating value – amongst other features, Bitcoin is backed by its confidence in monetary policy.

This will not happen overnight. It'll take several generations. When the unproven benefits of changing financial systems outweigh its enormous costs, the pieces fall into place. My eyes are on Venezuela

• Professor Meow

submitted by /u/lobt
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MinerUpdate Interview: Matt Corallo on Mining Centralization and Why He Developed the BetterHash Mining Protocol

submitted by /u/neonzzzzz [link] [comments]