cryptonomics

The philosophical thought process behind currency has been around for centuries, and has continually evolved. Aristotle gave three functions of money: a means of exchange, measure of value, and a store of value for future transactions. Cryptocurrencies meet Aristotle's three functions of money, but there is still a link missing from this cryptocurrency chain. Averroes added a fourth: a reserve of purchasing power. Not only does money serve as a store of value, but money could be spent at any time without having the need to be sold. This is where cryptocurrencies fall short, and it seems that this could be one of the reasons that we see such sell offs in the cryptoverse. Cryptocurrencies have come a long way since their conception, and have done well (so far) under the 2017 lime light. In order for cryptocurrencies to reach the end goal of a being a true form of money, we will need to see adoption for payments receivable (such as retail) sector. Until then we will continue to ...

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 ...

Bitcoin was highlighted on CNBC where the Bitcoin enthusiast set a target of 25,000 to 50,000 USD per coin, see it here BTC is trading around 3,575 USD and has had a steady ascent over the past week of 26% *BTC chart here BCH (Bitcoin Cash) seems to be continuing its wild ride, investers/traders still are uncertain of its future, as it has become another spinoff of Bitcoin. Current price is around .09 BTC. It is down 5% on the week, but up 12.8% on the day. It's intraday high peaked at .1 BTC *BCH chart here ETH (Ethereum) had a boost with other altcoins, which saw it peak at .094 BTC, since then it has had a pull back and is currently trading around .084 BTC or 300 USD. On the day it is down about 5% *ETH chart here ZEC (Zcash) had a nice little bump from ~.062 BTC ON 08.07, surged up to .075 BTC (08.08), but has erased almost all of its gains leaving it at a current level of .064 BTC *ZEC chart here LTC (Litecoin) although a one week chart has LTC down 13% against B...

There are copious amounts of websites that offer ways to exchange cryptos. A few that will be discussed are Coinbase, Bitstamp, Poloniex, Bittrex, Gatehub, and Bitfinex. These exchanges never close; so you can buy/sell anytime/any day. I also added Circle, just cause. *refer to end for abbreviation Coinbase Simple and clean user interface Buy and Sell BTC/ETH/LTC with local currency Instant credit card purchases, bank accounts take 3-5 days high fees Bitstamp.net Exchange BTC, XRP, USD or EUR 98% of digital funds stored offline If you want to try trading cryptos: Poloniex Exchange/Lending 2.5x leverage Chatbox (trollbox) which can be entertaining Two Factore Id *Sometimes Poloniex has issues, and their customer service seems inexistent  Kraken Offers 5x leverage trading tools *seems sluggish at times Bittrex Offers 190+ cryptos US Based (if you are into that, deals with US regulations Gatehub.net Trade multiple currencies...

If Bitcoin's destination is the moon, it hasn't started its launch sequence. Cryptocurrencies are not in a bubble. There are just over 16 million bitcoins in circulation today with a market cap of just under $40 billion (Crypto Currency Market Capitalizations). The US currently has over $1.2 trillion dollars in circulation today (How Currency...). Bitcoin can be used in the global market, while USD is mainly used in the US. 16 million bitcoins to help assist a global economy. Supply is there, and demand is slowly ticking up. Retailers and Banks haven't decided to accept cryptocurrencies yet. As cryptocurrencies assimilate into the global economy, the value for Bitcoins will continue to all time highs. Image from coinbase *You do not need to buy a full bitcoin/alt-coin. Exchanges let you buy less that .01 of a crypto.