View: 415
Want create site? Find Free WordPress Themes and plugins.

In a recent interview, the estimated $90 Billion worth, second richest man on earth tried to knock Bitcoin again. Bill Gates was later met with great criticism by the early Bitcoin investor, Tyler Winklevoss. In a recent tweet after listening to the Gates interview, Winklevoss dared him to short Bitcoin as he claims.

Bill gates bitcoin

Its almost a decade Bitcoins have been around, but the Bitcoin came widely under the mainstream not before until late 2017. After a steep rise of Bitcoins’ value from $5,800 to nearly $20,000 within four weeks, it showed people around that this is the ‘new wave of future’.

Despite the huge interest in this digital, electronic alternative to government-issued money, their acceptance in the system has been slower. They are still not used as consistently and reliably for buying services and goods as frequently. People are more prone to hold this cryptocurrency as a digital asset than as means of a transaction. High volatility, minimal adoption, and high transaction fees have slowed down the Bitcoin’s embracement and adoption as a regular form of money.

‘Greater Fool Theory’ Investment

Bill Gates has always come up with strong criticism and disapproval regarding this Bitcoin. On several occasions, he opted for the opportunity and bashed the cryptocurrency. Bill Gates accuses Bitcoins to be worthless and ‘greater fool theory’ type of investment. He further there is nothing being produced or generated here so, you shouldn’t expect anything to rise high in the regard.

Gates has come up with very strict and naïve views about the currency lately. Regarding the misuse of the digital currency in illegal and unlawful dealings in drugs and other things, he directly alleges the Bitcoin to be responsible for the deaths and menace.

Joining the hatred league, other big names of the wall street has also some serious and grave remarks for Bitcoin. Names like Warren Buffet called Bitcoin ‘rat-poison squared’, while his partner Charlie Munger associates trading Bitcoins as trading ‘feces’.

Despite saying the cryptocurrencies, ‘crazier, speculative things’, Gates acknowledges the importance and worth of the Blockchains. After a continuously lambasting Bitcoin, it is very much clear that Bill Gates is not on the Bitcoin bandwagon, nor is he becoming one any time sooner.

Gates also states that he at some time back received Bitcoins on his birthday, and later sold them understanding and realizing they were of no such use and credibility.

Crypto ‘Twin Guard’

The early Bitcoin holder twin and the founder of cryptocurrency exchange– Gemini, sour heartedly took the whole incident. After the harsh statement, Tyler Winklevoss bashed Bill Gates in a direct tweet. Winklevoss pointed out the claim that it is easy to short Bitcoin and he should put his money where his mouth is.

It is not the first time Tyler has bashed and dared someone to short Bitcoins. The CEO of JPMorgan Chase, Jamie Dimon was dared before too, to short Bitcoins before after he claimed Bitcoin to be a fraud. Jamie Dimon later expressed his regret for making that statement.

Being very critical about the Bitcoins and the whole scenario, Winklevoss twins hold strong statements against these wall street titans spilling negating about Bitcoin and other cryptocurrencies. The twins see this whole scenario as the failure of imagination by these wall street personals. They believe they are too old to understand the whole Bitcoin phenomena and their emergence. According to the twins, these Bitcoin opponents are very small ‘privileged minority’ who have an easy access to their resources, money and bank accounts.

Last year, respective Bitcoin futures market was launched by Chicago based CBOE and CME. This enabled a short selling for Bitcoin. This process may be a little less straightforward than a more traditional asset, but technically there are others ways too. Maybe Gates understood it.

According to another assumption, maybe Bill Gates wasn’t really clear on the way to short Bitcoins and he finds it too naïve and awkward to follow. Or maybe he just doesn’t really follow the whole protocol behind this cryptocurrency and Bitcoin gig.

Still, that doesn’t seem to stop and refrain the noted Bitcoin bull twins for striking and daring back these wall street personalities, which are all bashing cryptocurrencies and all these gaudy vocal detractors of Bitcoin happen to consist of the richest names in the world.

Did you find apk for android? You can find new Free Android Games and apps.

Leave a Reply

Type Comments Here

Your email address will not be published.

7 − four =

Share Your Toughts

View: 481

Deloitte Leader Resigns to Join Blockchain–based Startup

Want create site? Find Free WordPress Themes and plugins.

According to a report, Eric Piscini — a former leader of Global Blockchain and a partner at Deloitte has left the company. Piscini is going to join the blockchain startup, Citizens Reserve in order to transfer supply chain networks to a blockchain.

Blockchain leader

Piscini is the one who helped in building a global blockchain practice. The startup that he is going to join is at its early-stage, and it is currently raising $300 million. This startup is a shared database, which is designed to work on all levels of a supply chain.

New Cryptocurrency — ZERV

A new cryptocurrency, ZERV has been developed within the project, using the ERC20 token. According to a report, the cryptocurrency will be used by the group members for accessing the blockchain — it will allow them to implement virtually instant borderless transactions.

  • The cryptocurrency, ZERV, is also considered as a utility token.
  • It allows users to exchange services within the platforms.
  • This digital currency comprises a third element — it sets it apart from other ECR20 tokens.
  • The reserve assets are intended to fund the token a certain value of $0.01.
  • Reportedly, 100 billion tokens will be issued to the value of $1 billion.

So, let’s enlighten you about the platform — it is based on the public Ethereum blockchain with smart contracts that consist of self-executing code — which could be implemented by using multiple private blockchain solutions. However, the contracts will be limited for a long period of time and it is expected that the transactions of cryptocurrency will be conducted any time soon.

According to Piscini:

“We are building the Ethereum of supply chain… The private blockchain is more for supply chain transactions, and the public blockchain is used for payments. There is a bridge that we created that is kind of our secret sauce.”

Reports also show that 85% of the funds that were involved in the token presale will be utilized in purchasing assets that will sponsor the tokens. Out of the total funds, 30% that were raised after the round gets closed will be issued to the users through a mechanism that is designed to stimulate and encourage the creation of the new supply chain services on its platform. It is expected that the Citizens Reserve will be launched in July 2018, however, Piscini didn’t disclose the names of the related group members, as he said that Citizen Reserve is going to work with three organizations — these organizations are providing software to the defense industry supply chain at this time — in a centralized manner.

The decision of blockchain leader, Piscini, is amid an exodus of top executives from the financial companies and traditional tech to cryptocurrency and blockchain. David Marcus left Facebook and Paypal as he was appointed to the exchange Coinbase – as a board of directors.

The co-founder of Coinbase, Brian Armstrong said, the knowledge of Marcus for both mobile space and payments is the main thing that would help as a guide for the platform to go forward. The CFO of Commonwealth Bank of Australia has also quitted to join Block.one, which is an EOS token developer.

Did you find apk for android? You can find new Free Android Games and apps.
View: 492

All you need to know about Bitcoin Faucets

Want create site? Find Free WordPress Themes and plugins.

A question that is asked by everybody is “Where can I get free bitcoins from?” The answer is free bitcoin faucet. It obviously won’t make you rich overnight, but it’ still free!

All you need to know about Bitcoin Faucets

 

As the name suggests, Bitcoin faucets are like taps with dripping bitcoins, instead of water. Just like a drop of water takes time to accumulate before dripping from the faucet, users have to wait a certain time limit before they could collect their coins.

What are Bitcoin faucets?

Bitcoin faucets are reward systems that are programmed to distribute small fractions of bitcoins for visitors to claim. There is a time interval that a visitor must wait between every batch of bitcoins released.

Purpose of Bitcoin faucets 

  • To introduce users to bitcoin: Faucets are a great way to introduce new people to the bitcoin network. Most faucets provide information to users and giving them a practical experience on how they can earn bitcoins is a beneficial way to promote digital currency and attract new users.
  • To achieve maximum traffic: It is not that difficult to get traffic on websites that give out free money, faucets are usually high traffic websites.
  • To make money: Adding additional content to the website, or including some unique attraction for users is the only way to generate an income for a Bitcoin faucet. There are many of these sites around nowadays so it’s a very competitive market.

Why Bitcoin Faucets?

There are rewards placed to attract visitors to the faucet’s webpage. These sites usually contain advertisements and advertisers pay these faucet owners to display their ads on the websites. Advertising costs are calculated on Cost per Thousand Impression (CPM) basis. Which means if the site gets more visitors and they spend a long time on the site, then the owner gets more money from the ads.

Faucets also play an important role in the bitcoin ecosystem. It encourages more people to understand and adopt bitcoin.

How to use bitcoin faucets?

Once you’re on the faucet webpage, you just need to enter your wallet address or the email address linked with your Xapo wallet.

A timer will start to measure the time you spend on the site. Each ad is viewable after a certain period of time. The interval is usually of 30 minutes.

All you need to know about Bitcoin Faucets

In order to claim your reward, you’d have to solve a mathematical question or prove that you’re a human by filling in a Captcha, and that’s it!

Typically, faucets have a minimum time interval between claims by each visitor in order to prevent one from claiming all the available bitcoins from faucet’s wallet.

This duration varies from 5 minutes to 24 hours, depending upon the faucet.

Here are a few best Bitcoin faucets for you to explore from:

  • Moon Bitcoin
  • Freebitco.in
  • Bitcoin Aliens
  • Bitcoinker

You can visit and explore these sites. It might be worth your while to study and recognize the techniques they use in order to make money from their faucets.

You will find hundreds of bitcoin faucets to choose from, go ahead, explore and earn a few satoshis while you’re at it. (1 Satoshi = 0.00000001 BTC)

Did you find apk for android? You can find new Free Android Games and apps.
View: 495

LitePay Launch: Litecoin Price Has Seen 30% Upsurge!

Want create site? Find Free WordPress Themes and plugins.

The price of Litecoin has seen a 30% upsurge on Wednesday after the news that Litepay (a payment processor for cryptocurrency) has been set to launch on 26th February. This rally elevated BTC/LTC to its all-time-highs in almost three years and allowed LTC to surpass the $200 marks.

Litecoin Price Surge:

The price of Litecoin at this very moment is valued at $232 with the market cap of $12.8 billion, that lifts it up to number fifth in the rankings.

Apart from the preceding pumps, the trading volume of LTC is consistently distributed in the major exchanges, all around the world. OKEx is the largest global bitcoin/cryptocurrency exchange, whereas GDAX is on the 2nd number.

Litecoin Price Surge

Tuesday’s rally was a straight response to the announcement that the payment processing company (Litepay) that was formed after the Bitpay industry, is scheduled to be launched on 26th February. This announcement was silently made by the company on Twitter on Monday, however, the word seems to have roamed slowly. They announced that they started is because people asked Bitpay to accept LTC and they wouldn’t, so they had to take the challenge.

According to the company’s website (based on San Francisco), LitePay will be offering many of the features similar to BitPay. Especially, it will be providing businesses with the proficiency to accept LTC payments that are settled up in fiat currency. Moreover, it is also going to release Litecoin debit cards, through which its users can fund with LTC and can use it at almost any retailer.

Since Litecoin price surge, Litcoin has been promoting itself as a “payment-focused cryptocurrency”, the formation of LitePay’s infrastructure will significantly aid its efficacy for this use case. But, then there’s another theory, that Litecoin’s strong pivot could be linked to the announcement, that a developer’s group will be diverging the main Litecoin blockchain on 19th February, for creating Litecoin Cash.

Chief executive and co-founder of San Francisco based cryptocurrency exchange, – Jesse Powell, shared some words of wisdom for investors. Although securities regulators are trying to find different ways of protecting investors from the sham activity, Powell put the whole burden on the investors. But at the same time, he also highlighted that combined market cap of all cryptocurrencies would hit $1 trillion in the coming time. He thinks that consumers have to look out for themselves and into the basics of coins, and do not have depend on any specific exchange to protect them from the market’s instability.

Did you find apk for android? You can find new Free Android Games and apps.
View: 481

Why Bitcoin Puts Governments on Edge | Interview with David Seaman

Want create site? Find Free WordPress Themes and plugins.

Did you find apk for android? You can find new Free Android Games and apps.
View: 492