Category: #cryptocurrency
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Today I want to talk about something which is called a “Satoshi”.What is a Satoshi? Satoshi’s are nothing more than small increments of bitcoin. You can best compare a Satoshi with something like a quarter or cent used in classic money. A small increment with fixed value from the original money (be it Dollars, Pounds,…
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An interesting question posted on the platform Quora. I made the analysis and post on the platform itself but will quote it here in full detail as it concerns the basic understanding of how blockchain works. How can Blockchain be safe? In order to understand this point we need to look at what blocks and…
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You do not own your bitcoin on a trading platform. Hello everyone, Today I will be talking about a true and short statement today. “You do not own your Bitcoin on a trading platform”. The reason thereof is simple.The wallet being used on a trading platform is the wallet of the company itself.A clone which…
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How much coins can a digital wallet hold? How much coins can a digital wallet hold is an easy question. A wallet can hold the maximum cap of any given cryptocurrency. So if you have a bitcoin wallet, that wallet will be able to store 21 million bitcoin which is the total amount of bitcoin…
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Bitcoin scam or Twitter scam. Solidly just your average twitter scam i.m.o. In this video I explain why this is a twitter scam and why “Bitcoin scam” is the wrong wording of the events which transpired. In short: Someone from Twitter administration got bribed and gave access to external people. They made screenshots of the…
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Hello everyone. As I am getting more active on youtube expect more videos to be posted here as well. My most recent upload is about setting up your Bitcoin wallet. This is a step-by-step guide on how to search, find and set up your very own bitcoin wallet. The video us uploaded to Youtube for…
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Today we will be talking on how to obtain Bitcoin or any other cryptocurrency for that matter. To obtain bitcoin is fairly easy. There are 3 ways on how you can acquire Bitcoin. The first method is through a process which is called mining. Mining is where you use your computers calculating power to solve…
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Hello everyone, Dimitri from Gracious Interests here.Today we will be talking on the aspect of “mining” when talking bitcoin. Now, in previous videos I mentioned that mining is letting your computer “guess” the “hash”, which is the serial number of a block in the blockchain. And that if it correctly guesses the hash, you will…
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This is a question I received from Quora. The answer is straight-forward: rapid depreciation and loss of value. However, there are a few subtleties that need to be taken into account. This might be of interest to some who programmed their own Cryptocurrency and hope by holding a majority of the coins stand a chance…
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Can a US-backed Cryptocurrency make Bitcoin obsolete? This was a question posed on the social media website Quora. An interesting question whereby the answer isn’t as straight-forward. The following screen-cap is the answer I made. Resources: The digital dollar project.This group is researching the implementation of a digital US$. News and updates can be found…