Why bitcoin will never die…

Why bitcoin will never die…

Bitcoin
Why bitcoin will never die... It's been a decade since bitcoin officially started. Over this time, it's gained a lot of followers and of course, haters. Some have called it a revolutionary asset, while others have labelled it, a downright Ponzi scheme. The thing is, whether you love them or hate them, bitcoin will never die. Demand will always be there - especially in today's world. And it's all because… There are two perfect examples of this… 1)  Zimbabwe   For over a decade, Zimbabwe has experienced one of, if not, the worst inflation crises. Hyperinflation has wiped out Zimbabweans' personal savings. In 2017, I wrote a Money Morning article about how Zimbabwe’s hyperinflation crisis worsened. I also explained what ordinary Zimbabweans were doing to protect themselves from hyperinflation and a…
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August 1st And The End Of Bitcoin?

August 1st And The End Of Bitcoin?

Bitcoin
Summary Under Bitcoin Improvement Proposal (BIP) 148, Bitcoin will be undergoing a user activated soft fork on August 1, 2017. There are three possible outcomes of the soft fork, although the exact outcome is unknown as the outcome will depend on the actions of the nodes on the network. In a worst case scenario, BIP 148 could cause Bitcoin to chain split into two separate blockchains, one with SegWit activated and one without. Before we get started, let me try and define some very important terms, which I hope will make it easier for me to fully convey what exactly is going to happen on August 1st. Hard Fork - A hard fork is a permanent divergence in the blockchain, that occurs when non-upgraded nodes can't validate blocks created by…
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BITCOIN MINER: The rise of Ethereum could help some bitcoin miner

BITCOIN MINER: The rise of Ethereum could help some bitcoin miner

Bitcoin, Cryptocurrency
Markets Insider Bitcoin mining gets more difficult over time, and so it now takes more electricity and money to mine for the cryptocurrency than ever before. The rise of ether, another cryptocurrency, and the appreciation of bitcoin could help maintain the profitability of bitcoin mining, despite increasing costs and difficulty. It's getting more difficult to mine bitcoins, but that doesn't mean miners are packing up their servers en masse and seeking greener pastures. The number of bitcoins available for mining has decreased from 50 BTC per bitcoin "block" when the cryptocurrency first came onto the scene to 12.5 BTC per block, according to Autonomous NEXT, a financial technology analytics service. It is set to decrease to 6 BTC on June 19 2020, according to bitcoinblockhalf.com, a bitcoin countdown site. Bitcoin mining is the…
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