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Showing posts from October, 2017

Forking with Bitcoin

Bitcoin has become more than a currency. Not only will the value continue to increase (or drop to zero, who knows...) but it also continue to pay out dividends. You might be thinking, "a dividend? But, sir? I understand how a currency can fluctuate in value... but how can a currency also pay you a dividend?" Forks. When Bitcoin goes through a "fork" a group of developers take Bitcoin's Blockchain and tweak it to make a Blockchain that they feel will be better suite the general populace. In order to do so, they must use the exact blockchain up until the time they choose to fork at. Once they choose a block to fork at, and once Bitcoin's Blockchain reaches that block, a snapshot is taken. of the blockchain. Both Bitcoin's blockchain, and the forking blockchain will have an identical blockchain up until the time of the fork. So, if you are holding 10 Bitcoin when the snapshot is taken, you receive an additional 10 coins of the forked currency. Simil...

Bitcoin and Banks

Many people have argued against Cryptocurrencies. Some have gone as far to say that it is the next Enron, or the next ' tulip bulbs ' bubble.  They say that it is just market euphoria. IMHO: Market euphoria hasn't hit digital currencies or even the stock market's incredible bull run (at least not yet, I see a little too many bears out there, and crashes happen when you don't expect them... just. like. Enron). 2017 has seen Bitcoin's value launch to the moon, and one reason I see behind it is as follows. The election of  Donald Trump  saw a boom in most asset classes. Equity sectors from Tech to Finance to Industrials received bumps. Why? One reason is the promise of deregulation. The prior eight years our economy has been crippled by regulation as we the people of the United States of America sat back and assumed that there was no way out of this global economic downturn. Central banks across the globe were cutting interest rates to try and inject life int...

Bitcoin News

Hello again. It has been a while. Cryptocurrencies dealt blow with Ban in China in September sparking a sell off. However, Bitcoin quickly rebounded from a low of ~2,800 shortly after. Ethereum undergoes Byzantium hard fork, but struggles to advance against USD. Continues to trade ~$300. Bitcoin owners received a nice forking dividend from Bitcoin Cash  (BCC) (soon to have Bitcoin Gold and two others coming later this year). Don't worry about BTC Forks, just sit back and enjoy the dividend, but not with Coinbase .  It is true that Coinbase simplifies owning digital currencies, but Bitcoin forks, they hold the forking Currency. If you have any questions about BTC Forks, you may tweet me  @bitfuturist IBM teams up with Stellar. AMD crushes Q2 ER (earnings report), continues to stay humble on its GPU sales (despite the cryptocurrency mining boom), and moderately lowers guidance. When asked about AMD's reasoning behind lowing guidance, AMD's response was ...