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Famous and rich people’s reviews about bitcoin

Reviews about bitcoin is the most interesting topic ever. As we know that bitcoin has its own worth. In that case, richest people of the world are not dumb. They know the trend of the financial markets. In the same way, richest people of the world seems interested in bitcoin technology. Some of them also give positive reviews about bitcoin world and do some transactions.

Few perks of bitcoin review are, no banking agony, no transaction’s fee even less inflation. In this article, I’ll tell you about the reviews of richest persons in the world about bitcoin technology.

Bill Gates

The founder of Microsoft and the richest person in the world said that ‘’ bitcoin is better than the currency “which means he accept the bitcoin. As we know that Bill Gates foundation works on the serious social issues of the society.

As he said, they help to poorer how to have no excess to the banks. Ironically, if they have, then transactions fees don’t let the enough amount. In that scenario, they need to send and receive money in an easy way. For example, everybody in the world knows the use of mobile phones. People know how to utilize themselves with this technology.

The only solution of this inflation is the use of digital currency. Bitcoin is the most dominant contestant in the list of digital currencies. He completely focusses on the present situation of poorer. His reviews about bitcoin are, “Bitcoin is exciting because it shows how cheap it can be. Bitcoin is better than the currency in that you don’t have to be physically in the same place and, of course, for large transactions, currency can get pretty inconvenient.” Which clearly proves that next era is bitcoin era. Including banks and financial institutions are going to change infrastructures as well.

Warren Buffett

He is the second richest person in the world. CEO of Berkshire Hathaway stats ‘’ yeah it is a very fast money order anonymously’’.

Dr. Eric Schmidt

He is executive chairman of Google and also holds a Ph.D. in computer science with the wealth of $8.3 million. He admires that the currency with no duplicate in digital currency, useful for many computer applications. In fact, most of the people do business with bitcoin. Which clearly means that people’s trend about payments and buying goods has to change to the digital system.

As he states, “Bitcoin is a remarkable cryptographic achievement and the ability to create something that is not duplicable in the digital world has an enormous value”.

Richard Branson

He is a founder of the virgin group comprising more than 400 companies. Richard seems to interested in bitcoin investments and also support it.

He clears the thing that bitcoin is the future.

“If people have lots of bitcoin and they want to go to space, I much rather they spend that money on a spaceship.”

Conclusion

Above discussion describes the trend of a financial market about bitcoin. A large number of richest persons are interesting to invest in bitcoin.

Tags: how to make money with bitcoin

 

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Top 10 Interesting Bitcoin Facts That You May Not Know

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Almost everyone knows that Bitcoin is the most valuable cryptocurrency out there. And those who newly discover Bitcoin often seem to be falling in love with it without even having much of a knowledge about it. What’s more interesting is that even the most experienced Bitcoin users lack the most basic and interesting information about Bitcoin.

This article contains top 10 bitcoin facts for crypto users. Let’s get started with our first interesting Bitcoin fact which is: Bitcoin Pizza day!

1. Bitcoin Pizza Day:

22nd May 2017 was celebrated as the Bitcoin pizza day in honor of the first tangible Bitcoin transaction. On this day in 2010 – when Bitcoin was less one year old, a programmer named Laszlo Hanyecz bought two Papa John’s worth 10,000 bitcoins. The value of those coins in today’s market? Over 17 million dollars!

2. The Creator Of Bitcoin Is Still Unknown:

Although the creator of Bitcoin is known as Satoshi Nakamoto, it’s just a mythical name and nobody really knows about the real person behind it. To this day, Satoshi Nakamoto is still the biggest mystery in Bitcoin world. No one knows who he/she is and whether he/she/it is even alive.

3. Bitcoin Will Never Go Beyond 21 Million BTC:

The supply of Bitcoin is fixed, and this the major part which makes Bitcoin so volatile and takes its value so high. The fact that there are going to be only 21 million bitcoins keeps pushing bitcoin value up and down. It’s a typical supply and demand scenario: demand goes up, supply comes down and thus the value per BTC ends up hitting skies. Similarly, when demand goes down, supply goes up and the price comes back to normal; a perfect scenario to invest in Bitcoin.

4. Bitcoins Don’t Physically Exist:

Bitcoins don’t really look like this. In fact, they don’t look like anything tangible. The Bitcoin images we see all over the internet are just a depiction of what the currency would look like if it had a physical existence. Bitcoin just lies around in our wallets/computers in the form of code. It’s basically just some numbers which show up on our devices’ screens while checking the balance or making a Bitcoin transaction.

Related: Add more to your BTC pile by buying bitcoins

5. Bitcoin Is A Bit Useless:

Wait, what?!! Calling Bitcoin useless? I must have lost my mind! But you’ve read it right – Bitcoin is a bit useless. At the moment, the transactions fees are paid per byte, which means the small transactions may end up costing more fees than the value of transaction itself. This completely takes making microtransactions – formerly the most exciting thing about Bitcoin – out of the equation.

6. Bitcoin Has Several Types Of Wallets:

Online wallets, hardware wallets, and paper wallets are the most common forms of Bitcoin wallets. Offline wallets (hardware, paper) provide the maximum security as they’re immune to hacking attacks/other online vulnerabilities. However, for transactions purposes, online wallets are more suitable.

7. You Can Send Bitcoin Transactions Using Emojis:

 

A Bitcoin transaction is basically an instruction to the network. It doesn’t contain any sensitive piece of information and does not need to be transmitted over secure networks. This means that you can send a Bitcoin transaction via email, SMS, or if for some reason it needs to be concealed, you could even use a series of emojis to encode it.

 

8. Number Of Smartphone Users Have Surpassed The Number Bank Account Holders:

The number of smartphone users has recently surpassed the number of bank account holders. A recent study shows that over 2 billion people are unbanked, thus excluding them from playing any part in the global economy. Countries like Ghana have already started embracing Bitcoin as primary means of the transaction with each other and trading with other countries. This initiative is probably the biggest step towards Bitcoin overtaking fiat.

9. Mining May Once Again Be Feasible To Common Man:

Initially, it was possible to mine Bitcoin on regular laptops and PCs. As things progressed, advanced hardware took over and now mining is only feasible through ASIC (Application Specific Integrated Circuits) hardware. Consequently, the entire process of Bitcoin mining has become a profitability race and only big corporations are able to mine new coins. However, the race is reaching some limits, and it’s expected that with the fall of ASIC prices, Bitcoin mining would once again be heating our homes.

10. Bitcoin Blockchain Is One Of Many:

The last one on our list of bitcoin facts. Each cryptocurrency has its own blockchain and so does Bitcoin. The Bitcoin blockchain is a public ledger and anyone with an internet access can view or download it. However, the file is currently over 120 GB, so you will need a fast, smooth internet. The blockchain can also be viewed online via a browser such as blockchain.info to observe the transactions taking place on the ledger. This makes the entire transaction process as transparent as possible.

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Bitcoin Lending – What Are The Best Peer to Peer Bitcoin Lending Sites?

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Best Peer to peer lending  and Bitcoin p2p lending platform is having a wonderful year. You may have an idea that lending club is breaking $1.9billion in a quarter. During the same time period, in new loans, Prosper issues $912.4 million. Which shows the 147% increase per year.

According to the P2P finance association, UK is with the $792 million. So, you need to take part and make a profit from the p2p lending boom.

First, you need to select a well-reputed site for Bitcoin lending. And, say happily goodbye to banks or governmental terms. Here, in this article, you’ll read about few lending sites. Wishing you’ll get some idea about lending.

Bitbond:

Bitbond offers the highest interest rates to its users while using Bitcoin payments at zero fees around the world. This table will show you the comparison fee structure of different platforms.

Besides these token fee, Bitcoin peer to peer lending offers video tool to provide the transparent system. Whereas, average interest rate of Bitbond is 25% and you have the option to invest up to $2.50.  Stu Lustman’s quarterly returns report is given below if you want to see the comparison between fiat and Bitcoin ROIs for lenders.

Lending Club:

Lending Club is the most favorite among peer to peer lending platforms. In additions, impressive ROIs is coming in at 11.30%, 13.3%, and 10%.

An average investor wants to enjoy 6-8% ROI. The lending club also offers you the investment of $25 and have the good scoring system.

Prosper:

Prosper faces return issues at the start but with peer to peer lending platform it enjoys the progress in the recent year. Prosper paid more than $140 million to its investor with average ROI between 5-9%.

Prosper assessment of borrowers increases its reputation among the people. In addition, a credit score of prosper for borrowers is remarkable 700.

Upstart:

Upstart’s characteristics are different from the lending club and prosper. That is when a loan defaults it is the investors who take the hit not the platform. Here are few shop related products of the Upstart.

In the case of loan declares as default during the loan term, Upstart will collect the earned revenue and refund the money to the investors. In addition, the Organizational fee ranges between 1% and 6% with the ROI 4-8%.

Peer Form:

Oldest site in peer to peer lending sites list is peer form. Distinct features of the platform include their standing on certified depositor. Peer form offers three-year loan terms with 7-28% interest rate. Whereas, the borrower needs minimum 600 FICO score to apply.

Bondora:

In Europe, Bondora is the most exciting peer to peer site among the people. Yield return of 9000+ makes it the center of the interest. Furthermore, Claus Lehmann with 26% ROI on Bondora is the most prominent, who has documented his returns from European lending platform. This lending site serves borrowers of the three countries with €45 million in the loan.

Zopa:

Zopa is the first and foremost peer to peer lending platform in The United Kingdom. The organization issued $408 million loans in 2014. In addition, with current returns of 0.7%-0.8% Zopa still away from ROI 9%.

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Cryptocurrency Ecosystem and Altcoins

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Cryptocurrency Ecosystem and Altcoins

When we start our conversation about cryptocurrency ecosystem, bitcoin considered the only player in a digital market. Where bitcoin has the dominate value in the market as compare to other cryptocurrencies. 500 cryptocurrencies trading are in a market with symbols, with their identities.

Altcoin is using to describe the cryptocurrency that shares the core building blocks. The best example of altcoin is litecoin.

Cryptocurrency Ecosystem

Basically, there are 150 to 500 altcoins in total. There are five altcoins with the market capitalization of $10 million each.

The revolutionary logic about altcoin is, “altcoins serves two purposes “. Antonopoulos says. “First, they test new tech features, showing whether they work and whether the market will accept them.”

Variations

The proof of work who keeps securing the transaction records and distribution of currency. In addition,

Variations include those allowing a currency to be processed by different equipment than bitcoin (Litecoin, current market cap $330 million), those purporting to use less energy (Peer coin, $47 million), and those that offer faster transaction confirmation times (many, among them Feather coin, $5 million). Other crypto coins claim more idiosyncratic variations, such as the demurrage built into Frei coin ($2 million), which loses value if it is held without being spent. There’s even a currency that uses its proof-of-work algorithm to search for new prime numbers (that currency is named, of course, Prime coin, $6 million). Those features that prove attractive and compatible after ‘testing’ by an altcoin, Antonopoulos says, will likely be incorporated into Bitcoin.

Strength of Bitcoin

Any of the altcoin fails to displace the dominant place of bitcoin. As the bank of America points out that is, bitcoin’s dominance is the guarantee of altcoins. Without bitcoin strength, may be some of the altcoins will disappear.

Where Antonopoulos describe the second purpose of altcoins whose lessons will strengthen the survivor. Which is demonstrate spectacular failure modes.

Antonopoulos contains 80 to 85% of all cryptocurrency capitalization. Whereas remaining altcoins offer the release value for those who think, that bitcoin is the most expensive cryptocurrency. One feature has been more efficient as compare to other. Altcoin built-in process needs honest, transparent and relatively selfless behavior by its developers.

Charlie lee lead developer of litecoin gives the easiest and transparent ways to mine. As he says,’’ I released the source code a week before the launch [in October of 2011], so people could prepare [to mine].”

Because of this struggle, Now, litecoin is the second digital cryptocurrency after bitcoin. After which, peer coin is at the third number of cryptocurrency, its creator sunny king releases source code nine days before its mining. Lee says “I haven’t seen any other coin roll out with the same level of transparency.”

The most important thing for the cryptocurrency is the community acceptance. Bitcoin and other cryptocurrencies are acceptable in societies. Which clearly means that the developers want to provide the transparent and trustworthy transaction system. Ellis says,” Banks are operating a tollbooth economy.” “Banks want 10% of revenue for credit cards,” a cost that cryptocurrency is distributing. Altcoins, Ellis says, “anyone with sufficient will and devotion and time to nurture the community”.

Now we can earn money?

In the meantime, altcoins are in a bumpy ride. Antonopoulos says “99% of them will expire in the process of creative destruction”. “And that’s fine because every once in a while, something unique and amazing will pop out’’.

Tags: Bitcoin Disadvantages.

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Crypto Exchange EtherDelta Gets Hacked – Loses Coins Worth Millions

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A renowned crypto exchange EtherDelta got its DNS server breached by an attacker on Wednesday, allowing the hacker to redirect millions of users to a malicious website.

The announcement of the hacking was made in a series of tweets where EtherDelta warned users that a hacker had temporarily hacked their DNS server and was redirecting users to a malicious version of the site.

Being a decentralized exchange, EtherData comes under the control of Smart Contracts, meaning that it doesn’t provide the third-party control of user funds. However, the exchange does allow users to import private keys to the exchange itself.

As a result of this attack, the hacker was able to steal private keys from users who unwittingly imported their private keys into the imposter website.

The data obtained has revealed that the hacker stole around 308 ether – worth around $250,000 at the time of writing.

EtherDelta said that clients who got to the exchange using either MetaMask or a hardware wallet are “totally sheltered” from the phishing attack. The organization included that funds from clients who never imported their key on the malicious site “should be safe,” but brokers might need to consider moving their assets to another wallet address as a safety effort — and reconsider their choice to import their private keys directly into a site.

The Risks Associated With Crypto Exchanges:

The attack came days after South Korean exchange Youbit revealed that it lost 17 percent of its assets as the aftereffect of a hack — the second the organization had faced this year — compelling its administrator, Yaipan, to declare bankruptcy.

Like Youbit, EtherDelta was a small exchange. CoinMarketCap reports that it processed just around $7 million of volume during the previous 24 hours, a figure that is, to some degree, lower-than-normal because of the breach. However, the exchange was well known among ERC20 token merchants, as it was one of the first exchanges to support tokens derived from lower profile ICOs (Initial Coin Offerings).

Neither of these hacks will prompt a huge disturbance in the worldwide digital currency markets, but each exhibits the risks related to using crypto exchanges.

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Earn Bitcoins easily with BitMaker

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Earn Bitcoins easily with BitMaker

What if you could earn bitcoins every 30 minutes with the least amount of effort? That is the point of BitMaker. It’s a form of advertising where the viewer of the ad also gets paid in the process.

BitMaker is a Bitcoin-powered mobile application developed by Seattle-based blockchain adtech and payments company CakeCodes.

Get Started!

First of all, you need to download the BitMaker app from Google Play Store. Then sign up and create an account along with a Bitcoin wallet, in case you don’t already have one.

BitMaker sends bitcoins directly to your wallet. You must update your wallet address each time you receive a bitcoin payment.

 

How does it work?

Users just have to try out other mobile applications or fill out forms of free trials for various products and services. Users are rewarded with in-app tokens called “Blocks”. These blocks can be converted to bitcoin or ether once it reaches a certain threshold.

When you open the app, you’ll be presented with a percentage that will slowly increase. When it reaches 100%, you earn 500 Satoshi. Since you get paid this amount every 30 minutes, you earn 24,000 Satoshi every day.

As you can see in the above screenshot, there is a timer. The counter begins at 30:00 and when it reaches 00:00, an ad is displayed after which you get paid.

Fortunately, the app has both “day” and “night” modes. In the day mode, the ad has an audio whereas at night they’re just silent videos.

 

How does BitMaker pay you?

If you keep earning enough Satoshi and meet the withdrawal threshold, BitMaker will pay you every Saturday. Withdrawing your rewards is very easy, all you need to do is update your Bitcoin Wallet address then click on “Withdraw”. You will get your rewards deposited to your Bitcoin Wallet the following Saturday.

The weekly reward for Satoshi changes every week since they are in line with the Bitcoin trade prices. You can earn more Satoshi by completing offers which offer more number of free bitcoins.

 

BitMaker Now

Since its launch in September 2014, BitMaker now reports it surpasses 250,000 active monthly users across 187 countries.

According to the BitMaker website, the app has paid out over 215 bitcoins and 34 ethers up to this point. This amounts to over $275,000 worth of payouts at current exchange rates.

On April 30th, CakeCodes is launching an equity crowdfunding campaign for BitMaker on Wefunder.  CakeCodes intends to use the money from the Wefunder campaign to increase user growth, fast track development for an iOS app and add new features to the existing Android app.

“Nearly $600 billion is spent on global advertising, and yet many ads are simply ineffective,” said Simon Yu, CEO of CakeCodes. “Advertisements are everywhere and people automatically tune them out. We wanted to combat this by giving consumers the option to opt in and get paid for their time used on trying a new product. With Bitmaker, end-users get paid, businesses only pay upon engagement, and customer acquisition costs are dramatically decreased. Everyone wins. What we’ve done is create a simple, fun way for consumers to be rewarded for trying cool new products.”

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