This is a million dollar question, or in the world of cryptocurrency, the equivalent is, a 400 Bitcoin question. Who is the inventor of Bitcoin? The answer is: Satoshi Nakamoto But who the hell is Satoshi. The inventor of Bitcoin has chosen to remain anonymous until he recently revealed his identity in Twitter. In fact, he has been in front of very eyes the whole time.
Satoshi Nakamoto is none other than….. Donald J. Trump. POTUS Donald Trump tweeted that he is in fact the brains behind Bitcoin all along. This was a post made on the 1st of April but I only recently found it as I was researching on the origins of Bitcoin for the next series of Beginners Guide to Cryptocurrency. Now, that’s what I call Fake News. The origins of Bitcoin is definitely fodder for conspiracy theorist to tie the creation of Bitcoin to the shadowy organization, the Illuminati. Some people believe there he is in fact, the anti-illuminati for coming up with a brilliant way to go against the fiat currency which for the longest time has been attributed to the illuminati because the of the All Seeing Eye symbol on the US currency. Is he Japanese, is he even a man, or is Satoshi the work of an organization? Breaking down the name, it reveals that “Satoshi” means "clear thinking, quick witted; wise". “Naka” can mean “medium, inside, or relationship”. “Moto” can mean “origin”, or “foundation”. Satoshi went to great length to mask his identity, and even took the effort to use a Japanese anonymous registration service for the Bitcoin.Org domain. He worked with people on the open-source team from the cryptography mailing list in 2009 but started fading out of the community by the end of 2010. The last anyone heard from him was on the 23 of April 2011, when he said that he had “moved on to other things”. The Bitcoin system that Satoshi created was open source. Meaning it’s transparent and anyone in the community could look under the hood. Based on interviews with people that were involved with him at an early stage in the development of Bitcoin, the system was unconventional but thought out very thoroughly. Does this sound like a work of a random programmer who stumbled upon a technological innovation or by someone who deliberately planned this whole thing to happen? In 2015, after years of silence, a 44-year old Australian entrepreneur Craig Steven Wright emerged to say he’s the inventor. He was able to provide beyond reasonable proof that he is indeed Satoshi and experts are buying in on this story. Do you? Something doesn’t add up here. If you are Satoshi and reading this, please leave a comment, subscribe, like and share this channel with the rest of your friends.
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What’s going on in the world of cryptocurrency, bitcoin and altcoin? Well it looks like Bitcoin is still free falling. Those of you who have just joined the scene, you might be having second thoughts about this whole cryptocurrency thing right now. Don’t get your knickers in a bunch. Experts I spoke to last night believe that this is still a bull run and what just happened this past couple of days is a result of the market correcting itself. This is a common occurrence when prices rise too fast.
Question on most people’s mind is what caused the dip in Bitcoin value? The sudden surge in the price was due to investors coming onboard and blindly throwing money into Bitcoin because no one wanted to miss that train. So what you get is a unrealistic inflation of the value that came from speculation and not from Bitcoin’s actual utility in the real world. Early adopters saw the opportunity to cash out and make their millions and they did. Will the price drop even lower? Maybe. Will it crash to below 1 grand? Unlikely. Countries like Japan, South Korea, Finland, US, UK, Australia have already adopted Bitcoin in a massive way, so it’s not likely we would see the end of Bitcoin anytime soon. So if you have money to park and wait, Bitcoin should be something you can consider. One important point to note is that countries are beginning to study how they can put legislative changes in place to try govern, and possibly to profit, from cryptocurrency. The verdict is still out there and it’s pointless to speculate on that at this time. In other news, Bloomberg Terminal added Ethereum Classic as the first digital currency. If you were skeptical about cyptocurrency before, this should help bolster your confidence. Here’s another Alpha Mind tip for you today: Zcoin. Why Zcoin? Zcoin is a cousin of Zcash which is backed by JP. Morgan. Zcash rose to 400plus dollars yesterday and we saw a slight jump in Zcoin as well. And mind you, this was during the time of the ongoing bloodbath. Best part is, Zcoin is only at 16 dollars now. Very affordable for new investors wanting to get some skin in the game. And remember, if you make money, you heard this awesome advice first right here from Eugene Tay, The Alpha Mind. Leave me a comment. I want to know how many people have benefited from these videos. Please hit the subscribe button to get your daily dose of cryptocurrency news, Like this video and share it with your friends to spread the knowledge. Everyone needs to know about this. Cryptocurrency is the future. Don’t get left behind. This is Eugene Tay, the Alpha Mind, signing out. Where does money get it value from? What makes that piece of 10 dollars in your wallet worth 10 dollars? The short answer is that someone said so, another person agrees, then sooner or later everyone jumps in and agrees with it. In the case of the world’s currency, that value is determined by the central bank and the countries around the world. Enough people believe in it, so it must be true. Yes, I’m over simplifying things, but without getting into a full blown economic discourse, that’s how money gets its value, in a nutshell. The same goes for Bitcoin. In the early days, when Bitcoin was being mined and played around by geeks in the crypto community, it was just a very cool Peer 2 Peer technology just like Bittorrent, except has the intended use to facilitate transaction between two people across the internet.
The very first time Bitcoin had any real world value was when programmer Laszlo Hanyecz called for a pizza delivery with 10,000 Bitcoins. If you base it on today’s (Jun 2017) Bitcoin value, that pizza is worth over 20 million dollars. Of course back at that time, what’s 10,000 Bitcoins other than a bunch of intangible bits and bytes floating around in cyber space? When more and more people started trading digital currency for real world products, suddenly there is a rising awareness that there must be some worth to this digital currency if it can get you real things. What would you have said to your boss if he offered you 10,000 bitcoins 8 years ago instead of your paltry internship salary? Enough people believe in it, that's when the value comes in. I’m willing to bet that probably a quarter of the people who invest in Bitcoin or other cryptocurrencies today do it because others are doing it. Which brings us back to what I said earlier in this chapter. Some of you might be thinking. This sounds just like another ponzi scheme. A giant bubble waiting to burst. Will it? Click on the Part 3 of this video series to find out. As always, please show some love by subscribing to the channel, like this video, and share it with your friends. Everyone needs to hear this. Don’t get left behind. For many of us, the world of cryptocurrency, Bitcoin and altcoin is a mystery. You have heard that it's worth a lot of money and you probably have some questions in your head like, "How can digital currency be worth anything?", "How does it work?", "Is it safe?", "Is this just a fad?" Before jumping into bitcoin or cryptocurrency directly, I feel it's important that we cover some fundamental concepts of money. This will make it a lot easier to understand why Bitcoin became what it is today.
What is money to you? It’s that piece of paper in your wallet that you give to someone in return for a product or a service. There usually is a number on that piece of paper that everyone agrees that that’s what it’s worth. You can get more of these pieces of paper by working for it; by putting your time and dedicated effort to a task, but somehow it always seems like it’s never enough. Dedicated Effort + Time, earns you Money Never enough of it. This is called scarcity. Scarcity is what makes money valuable. If anyone could print money freely, it would have lost its value entirely. So the fact that there’s a bank out there that says there’s only so much money available in the market, makes what you have in your pocket that much more valuable. Scarcity = Value. I think you can begin to see where I’m going with this. In ancient times, before money was invented, people had to barter trade their goods for other goods. Bread for cheese, for example; or cattle for metal. The problem with that is, you can’t walk around with ten loaves of bread ready to trade them with people. So the concept of money as stored value came about. There were in the form of seashells, stones, copper, gold; anything that is scarce, requires dedicated effort and time to acquire would in fact be a universally accepted form of money or currency. That’s how Bitcoin works. The people who designed Bitcoin made it finite. There will only be 21 Million Bitcoins being churned out in its lifetime. In order to mine for Bitcoin, a person has got to specially setup his computer and dedicate it to solving the Bitcoin puzzle which takes a fair amount of time to complete. Once the puzzle is solved, 1of 21 Million Bitcoin is produced. The time taken to mine a single Bitcoin increases as the Bitcoin stockpile decreases. Bitcoin started 8 years ago, so you can imagine at which point of the curve you are at now if you’re thinking of coming on board as a miner. It is widely believed that the Bitcoin will hit its cap in 2140. So now you understand why Bitcoin can be considered money. Now the next question is…. How do we define its worth? Isn’t it after all just intangible bits and bytes floating around in the digital world? What gives Bitcoin the worth it has today? Click on Part 2 of this video series to find out. As always, please show some love by subscribing to the channel, like this video, and share it with your friends. Everyone needs to hear this. Don’t get left behind. Today's (15 June 2017) topic is about the market floating in a sea of red, Potcoin sending Dennis Rodman up to North Korea (which created a brief 85% spike for Potcoin), the release of Otto Warmbier, grave warnings about an impending ransomeware for Mac, and the possible Bitstamp/Litecoin partnership. It’s red, red, red everywhere. Every single one of em. If you have money stored away in Maidsafe like I told you so, you would be safe. It just moved a few cents down, no big shocker there. Maidsafe has been the safest place to park my money.
But on a lighter note, what does marijuana and Dennis Rodman have in common? Potcoin. Yay! Got to love potcoin for what they stand for. Potcoin sponsored the NBA badboy and movie star, Dennis Rodman for a trip up to North Korea and godknows what transpired there, and an America student was released from captivity. The not so good news is that the student came back in a coma. Also my reliable informants from the dark side of the net sent me a pre-strike warning hours ago about a randsomware similar to the Wannacry virus that affected thousands of Microsoft users and that it is a very real threat to apple users. Lastly, rumour has it that Bitstamp might be teaming up with Litecoin. What’s that in simple English? Well, imagine your favourite shopping portal now accepts Litecoin for purchases. Would that be cool? Yes it would. It would also mean Litecoin will gain a larger and more stable marketshare. That’s all the news I have for you this morning. As always, please show some love by subscribing to the channel, like this video, and share it with your friends. Everyone needs to hear this. Don’t get left behind. [14 Jun 2017] Cryptocurrency and Altcoin Updates: Watch Out for Waves. It's Going to Go Up14/6/2017 Today's (14 June 2017) topic is about picking up on a winning trend that you might not have seen. Waves. Get it now while the price is still low because I'm pretty sure it's going to rocket up when they release an updated version on the 20th of June. If you took my advice yesterday and bought Litecoin, good for you. The price went up from 27.80 to 32.00 and then down at bit at the time of this recording. I believe it's going to keep going up for a while. You're welcome.
Today I've another piece of news thats gonna be just as exciting as Litecoin. You probably have heard of Waves before. They were in the top 10 before but has since fallen to number 12. Based on the inside scoop I'm getting, Waves is set to make a comeback by next week. So now' a good time to go in. I bought in at 5 dollars plus this morning and it has gone up to 6 dollars plus. Why am I so sure it's going to go even higher? That's because the guy behind Waves, Sasha Ivanov, is a veteran in the field. He has been industry since the days of Bitcoin and had a hand in the development of NXT. NXT had its limitations and it's set of early problems as you'd come to expect with any new tech. Waves is the upgraded version and on the 20th of June, Waves will be releasing a new update which has already caused some chatter in the forums. So this is my recommendation. Buy Waves now while it's still low and then you can decide to hold or cash out next week when it's up. Personally, I think Waves has a huge potential to be a mainstay and I would recommend parking some money in there if you can afford it. Please hit subscribe button to receive daily updates, the Like button to let me know you enjoy my videos, and share it with everyone. The world needs to know about this. Don't get left behind. Today's (13 June 2017) topic is on the bloodbath in the cryptocurrency universe and what's the next big thing to look out for. Bitcoin and altcoins across board have taken another serious dive, the 4th day in a row as the Chinese sell-off sent prices plunging down this morning. 10 billion dollars is being withdrawn from the market and uncannily enough this ties in with what Charlie Lee said on twitter 2 days ago about leaving Coinbase to dedicate his time advancing Litecoin, unlocking it’s full potential.
BTC took a beating down from it’s high of 3,019 to 2,131 at the time of this recording. The market is generally pretty quiet now but what’s going to happen next? This is my speculation based on chatter from the various altcoin groups I’m in. The 10 billion dollars is going to go somewhere. We don’t know where for sure, but I’m guessing it’s going to be Litecoin. Litecoin is 28.72 now, but I think we are going to see are surge over the next few days. And in other news, if you’re looking for shelter from the bloodbath, try looking towards MaidSafe Coin. It’s been fairly stable overtime and that’s where I’ve parked my money. I bought it at a low of 40something cents and expect it to go up to 50 cents. It’s not a big jump, but it’s safe. |
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