• news
    Africa,  Alt coins,  Bitcoin,  Media,  Politics

    Must-reads for August 21, 2018

    Here are the crypto stories you should be watching today

    Stop worrying about how much energy bitcoin uses (The Conversation) The title of this piece is misleading but that’s the product of editors trying to game social media by getting people to share stories since few people actually read the whole article. University of Pittsburgh researcher Katrina Kelly-Pitou argues, “Rather than discussing the energy consumption of bitcoin generally, people should be discussing the carbon production of bitcoin, and understanding whether certain mining towns are adding to an already large environmental burden.”   ‘Bitcoin Jesus’ Is Having a Hard Time Winning Over True Believers (Bloomberg) Usage of cryptocurrencies as payments has slumped in the past several months. Transactions involving Bitcoin Cash,…

  • news
    Bitcoin,  Ethereum,  Latin America,  Litecoin,  Media,  United States

    Must-reads for August 20, 2018

    Here are the crypto stories you should be watching today

    Maduro orders 96 percent devaluation in hyperinflation-stricken Venezuela (Reuters) The hell-on-earth created by Hugo Chavez and his equally noxious successor, Nicolas Maduro, has led to swaths of starving people eating their pets and zoo animals. However, for HODL bros, Maduro is an enlightened leader of a nation that now has a fiat currency officially pegged to its own cryptocurrency, the petro. That means a 96 percent instant devaluation of the bolivar. Remember, kids: Danish socialism is what they try to sell places like Park Slope and the suburbs but the reality usually looks like Venezuela.   The blockchain bonanza is over for graphics card makers (Ars Technica) Remember when Nvidia’s…

  • Bitcoin Birthday
    Bitcoin,  Innovators,  United States

    Happy 10th Birthday, Bitcoin.org!

    The site was officially registered a decade ago this past week

    The Great Recession took $70,000 from you. We now are coming up on the 10 year anniversary of the very bad day of September 15, 2008, when Lehman Brothers fell off a cliff and took the world’s economy down with it. But in the midst of this chaos, one intrepid tech-believer registered the domain bitcoin.org on August 18, 2008. Without the Great Recession, we still might have something called Bitcoin. However, what we did with it and how an entire half-billion dollar industry grew from that would mostly like have been entirely different.   The earliest days of Bitcoin dictated our present moment. It’s worth it to revisit some of…

  • news
    Media

    Must-reads for August 17, 2018

    Here are the crypto stories you should be watching today

    With Bitcoin Sinking, Crypto Miners Just Dig Deeper (Bloomberg) Falling prices aren’t stopping the miners. They may even be more aggressively mining crypto because they’ve already sunk all this money on equipment that has to be paid for somehow.   China’s First Blockchain Social Network Is The Brainchild Of A 24-Year-Old Female Entrepreneur (Forbes) Xu Ke was a poker player before she was 21. And since trading Bitcoin is much like poker because… Okay, it’s not. That’s just something people say to sound intelligent when they don’t have a thought in their heads. Getting back to Xu, she took some of her Bitcoin, converted it to fiat (when it was…