Currently due to the global COVID19 pandemic, people are bored and using gaming apps more than ever. As a matter of fact, gaming apps have witnessed an upsurge in downloads. Recently, crypto gaming company, Bling, reported that the number of people using its gaming apps has increased considerably since COVID19 pandemic.
Bling platform is reaching 70,000 users per day, and over 400,000 active users per month. Bling CEO stated a proposition about giving bitcoin away for free through gameplay, due to the fact that the current situation may be an opportunity for many folks who previously heard about Bitcoin but never got around to learning much about it to take that time to learn and collect some Bitcoin.
#bitcoin
#blockchain
#technology
#adoption
#game
Bling platform is reaching 70,000 users per day, and over 400,000 active users per month. Bling CEO stated a proposition about giving bitcoin away for free through gameplay, due to the fact that the current situation may be an opportunity for many folks who previously heard about Bitcoin but never got around to learning much about it to take that time to learn and collect some Bitcoin.
#bitcoin
#blockchain
#technology
#adoption
#game
🔴How Central Banks Destructively Influence Decentralized Finance?
🔻Existing systems, such as central banking, operate effectively in some manners and ineffectively in others for a variety of reasons
Modern banking systems have incurred many damages and still are wreaking havoc on people’s life, although they are flexible and powerful enough for administrators to manage the economic upheavals and shockwaves like what we are undergoing. Nevertheless, independent monies follow an absolutely different path
Unlike a bank, Bitcoin has no balance sheet and possesses no notion of credit or debt. In other words, the protocol maintains only what users own, not what is owed to them or what they owe to others. It promises only scarcity and censorship resistance. As a result, Bitcoin cannot be bailed out, cannot bail others out and requires virtually no supervision.
#bitcoin
#economy
#FriedrichHayek
#indipendentmoney
#centralbanks
🔻Existing systems, such as central banking, operate effectively in some manners and ineffectively in others for a variety of reasons
Modern banking systems have incurred many damages and still are wreaking havoc on people’s life, although they are flexible and powerful enough for administrators to manage the economic upheavals and shockwaves like what we are undergoing. Nevertheless, independent monies follow an absolutely different path
Unlike a bank, Bitcoin has no balance sheet and possesses no notion of credit or debt. In other words, the protocol maintains only what users own, not what is owed to them or what they owe to others. It promises only scarcity and censorship resistance. As a result, Bitcoin cannot be bailed out, cannot bail others out and requires virtually no supervision.
#bitcoin
#economy
#FriedrichHayek
#indipendentmoney
#centralbanks
🔴Will Blockchains Become Deserted Repositories of Ancient Garbage?
🔻If we remain unconcerned, most public blockchains will be destined to become deserted repositories of ancient garbage. Blockchains will suffer one of two dismal fates: either nodes become practically impossible to run long term, or node operators will discard data, weakening immutability promises.
Using blockchains for storing arbitrary data is destructive because node operators are the ones bearing the costs of data being added to the chain. If transactions impose a significant cost relative to their contribution to the security of the blockchain, they are a net negative. Levying an ongoing tax on storage, as the state rent proposal aims to do for Ethereum, is another potential solution to the problem.
#blockchain
#transactions
#bitcoin
#counoscoin
#taxes
🔻If we remain unconcerned, most public blockchains will be destined to become deserted repositories of ancient garbage. Blockchains will suffer one of two dismal fates: either nodes become practically impossible to run long term, or node operators will discard data, weakening immutability promises.
Using blockchains for storing arbitrary data is destructive because node operators are the ones bearing the costs of data being added to the chain. If transactions impose a significant cost relative to their contribution to the security of the blockchain, they are a net negative. Levying an ongoing tax on storage, as the state rent proposal aims to do for Ethereum, is another potential solution to the problem.
#blockchain
#transactions
#bitcoin
#counoscoin
#taxes
🔴Satoshi’s Sword of Damocles
🔺Last week, some of the earliest mined bitcoin moved after more than a decade of dormancy. Whale Alert, a popular Twitter account that tracks major crypto transactions broadcast the message across the crypto verse, saying 40 coins mined in the first month of the network’s operation had transferred from a possible Satoshi owned wallet. Nakamoto’s seemingly altruistic, or at the very least mysterious, “donation” to the bitcoin community hangs over the market like the sword of Damocles.
#digitalwallets
#bitcoin
#satoshinakamoto
#crypto
#cryptocurrencynews
🔺Last week, some of the earliest mined bitcoin moved after more than a decade of dormancy. Whale Alert, a popular Twitter account that tracks major crypto transactions broadcast the message across the crypto verse, saying 40 coins mined in the first month of the network’s operation had transferred from a possible Satoshi owned wallet. Nakamoto’s seemingly altruistic, or at the very least mysterious, “donation” to the bitcoin community hangs over the market like the sword of Damocles.
#digitalwallets
#bitcoin
#satoshinakamoto
#crypto
#cryptocurrencynews
🔴Microsoft ID System Launches Beta on Bitcoin Network
🔺Microsoft’s decentralized identity network ION, first announced in May is moving to beta testing on the Bitcoin network. ION was developed as a decentralized network to operate independently. The aim is to provide users with a decentralized identifier (DID) that could replace the need for usernames. The core promise of DID technology is to empower all individuals and entities with ownership and control over their identities. Microsoft has not yet set a release date for the final version.
#microsoft
#blockchain
#bitcoin
#technology
🔺Microsoft’s decentralized identity network ION, first announced in May is moving to beta testing on the Bitcoin network. ION was developed as a decentralized network to operate independently. The aim is to provide users with a decentralized identifier (DID) that could replace the need for usernames. The core promise of DID technology is to empower all individuals and entities with ownership and control over their identities. Microsoft has not yet set a release date for the final version.
#microsoft
#blockchain
#bitcoin
#technology
🔴How Is Blockchain Improving Gaming? Is Adam Back Satoshi Nakamoto?
🔺Blockstream CSO and the founder and CEO of game development company Pixelmatic, Samson Mow explain that he sees the merger of blockchain and gaming as the advent of a new type of gaming economy. Since Bitcoin’s inception, there has been rampant speculation and even outright self-proclamations on the identity of its elusive creator. Recently, a YouTuber named Barely Sociable released a 40-minute investigative video claiming that Blockstream CEO Adam Back is the most likely candidate to be Satoshi.
#blockchain
#game
#bitcoin
#satoshinakamoto
#blockstream
🔺Blockstream CSO and the founder and CEO of game development company Pixelmatic, Samson Mow explain that he sees the merger of blockchain and gaming as the advent of a new type of gaming economy. Since Bitcoin’s inception, there has been rampant speculation and even outright self-proclamations on the identity of its elusive creator. Recently, a YouTuber named Barely Sociable released a 40-minute investigative video claiming that Blockstream CEO Adam Back is the most likely candidate to be Satoshi.
#blockchain
#game
#bitcoin
#satoshinakamoto
#blockstream
🔴Cybercriminals Use the Blockchain to Relay Secret Messages
🔺SophosLabs published a study that revealed hackers use the blockchain network to share secret messages. SophosLabs states that hackers operating the cryptojacking malware, Glupteba, have been using the Bitcoin blockchain network to communicate in secret.
The purpose is for hackers to receive updated configuration information for the malware. Glupteba is what’s known as a zombie or software robot that can be controlled remotely. It has various functions such as a rootkit, security suppressor, virus, router attack tool, browser stealer, and as a cryptojacking tool.
#blockchain
#glupteba
#crypto
#bitcoin
#blockchainnews
🔺SophosLabs published a study that revealed hackers use the blockchain network to share secret messages. SophosLabs states that hackers operating the cryptojacking malware, Glupteba, have been using the Bitcoin blockchain network to communicate in secret.
The purpose is for hackers to receive updated configuration information for the malware. Glupteba is what’s known as a zombie or software robot that can be controlled remotely. It has various functions such as a rootkit, security suppressor, virus, router attack tool, browser stealer, and as a cryptojacking tool.
#blockchain
#glupteba
#crypto
#bitcoin
#blockchainnews
Hidden Messages Found in Transactions to Twitter Hack Bitcoin Address
Some of the most influential Twitter accounts in the world were hacked earlier this week to promote fake Bitcoin giveaways.
According to blockchain data, a user sent 0.00005348 Bitcoin (BTC) in seven different transactions to the BTC wallet associated with the Twitter hack.
The yet-to-be-identified sender spent 0.00121639 BTC in transaction fees to send the following message: Just Read All Transaction Outputs as Text, You Take Risk When Use Bitcoin for Your Twitter Game, Bitcoin is Traceable Why Not Monero?
#bitcoin
#blockchain
#twitter
#reddit
#monero
Some of the most influential Twitter accounts in the world were hacked earlier this week to promote fake Bitcoin giveaways.
According to blockchain data, a user sent 0.00005348 Bitcoin (BTC) in seven different transactions to the BTC wallet associated with the Twitter hack.
The yet-to-be-identified sender spent 0.00121639 BTC in transaction fees to send the following message: Just Read All Transaction Outputs as Text, You Take Risk When Use Bitcoin for Your Twitter Game, Bitcoin is Traceable Why Not Monero?
#bitcoin
#blockchain
#monero
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⛓ Has Bitcoin remained loyal to its promises? Is Bitcoin even decentralized? Is Bitcoin actually an alternative for money or just a way for a small few to add to their riches? Find out the truth about Bitcoin. Watch the video in the link
#Bitcoin #decentralized
#Bitcoin #decentralized
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🔴 Is Bitcoin the revolutionary currency that was promised? Bitcoin came to existence with a lot of promises. Now, many believe that Bitcoin has not lived up to any of its promises. And, some believe it has. Which group do you believe?
🌐 https://www.youtube.com/watch?v=SD8_h2W3P10
#Bitcoin #Cryptocurrency
🌐 https://www.youtube.com/watch?v=SD8_h2W3P10
#Bitcoin #Cryptocurrency
⚪️ The price of Bitcoin experiences a lot of increases and then sudden sharp drops. As a result of a BTC price upheaval, about 500 million dollars in Bitcoin futures contracts were liquidated.
#Bitcoin #BTC #Liquidation #Futures
#Bitcoin #BTC #Liquidation #Futures