A man has shared his pain after unknowingly unconsciously tossing out a Bitcoin hard drive seven years ago. The hard drive is now worth $80 million. Campbell Simpson, supervisor of tech site Gizmodo Australia, says he passed up a major opportunity for amazing wealth since he ejected a piece hard drive containing 1400 bitcoins. Seven years later, the Bitcoin market soared and Mr. Simpson’s apparently unimportant web money, which he purchased for $25, is currently worth $80 million dollars.
Bitcoin, which is online cash connected to a client’s digital wallet, is payment used to trade on the web and is acknowledged by numerous organizations. In 2010 Mr. Simpson’s 1400 Bitcoins were just worth around $25, however now, one Bitcoin is worth over $4,000.
‘I didn’t need or think about, anything on it. So I discarded it,’ he said.
At the point when usage utilization on the web began to explode, Mr. Simpson consistently – but bitterly – checked how much his 1400 was worth. After understanding his Bitcoin accumulation would have been worth $4000 a couple months later, Mr. Simpson was marginally irritated.
In any case, this month Bitcoin achieved a noteworthy high value, making his once-measly hard drive of worthless crypto a $6 million gold mine.
‘This is presumably a ridiculous thing, looking back, that I’ve at any point done. Also, I’ve done a considerable amount of idiotic things a ton of times,’ Mr. Simpson said.
The tech author says he has been offered advice on the best way to potentially recover the long-gone hard drive, however, he concedes he won’t try attempting to discover it. ‘I don’t even want to discover those Bitcoin, though. I’m truly content with my life right now. I needn’t bother with them,’ he wrote. ‘I’m for the most part really nice in life, I think, and I can giggle about it for like 95% of the time.’
Despite admitting he is not in desperate need of the hard drive, Mr. Simpson bemoaned the type of lifestyle he could live if he had $6 million – and says he could have even purchased a house in Sydney, ‘I could have purchased a house. In Sydney. At Sydney costs. I could have traveled the world or purchased a goddamn yacht or something,’ he added.
Here is a string of tweets he posted earlier this year:
Seems pretty pissed to me! What do you think of this unfortunate event? Let me know in the comment section below.
Story and image credits: Daily Mail
This article will give you a complete and comprehensive guide to Litecoin gambling. First of all, you have to find a description of how this digital currency works and by what means to gamble with Litecoin. In this article, different available litcoin gambling games are discussed. These games are including dice games to complete casinos and also simple lottery games. In the end, you will find some benefits of gambling with Litecoin and also a comparison between Litecoin and other Digital currencies like Bitcoin.
How Litecoin Works and How to Gamble with It?
Litecoin mined same as Bitcoin. There are ultimately 84 million Litecoin, however, at this time there is a lower percentage of that number. You may hold this digital currency in a dedicated wallet, which you can download on the most computer and also your mobile devices. You can buy and sell Litecoin at the same exchanges which sell you Bitcoin. These exchanges include BTC-E and Coinbase. There are some restrictions on purchasing Litecoin and Bitcoin by using payment method which is potentially reversible. But you can buy Litecoin with Bitcoin and Vice-Versa.
Anyone can gamble anonymously with Litecoin. You just have to register yourself at an online casino with an email address. You pay through your wallet using a receiver Id, which you do through cut and paste from a gambling site. The deposit ad withdrawals both are almost instant. When you have to withdraw you just enter your wallet Id and the total amount you want to transfer.
There are a lot of Casinos which accept Bitcoin have started to allow gambling through Litecoin too. Known as “Natural Successor” to BTC, and is the second most famous digital currency online.
What are Litecoin Gambling Options?
There is a wide range of online gambling options with Litecoin. Some gambling games are also available which you can play with Litecoin. The main difference is the simple games that have established by the digital currency community, and the by the fully developed casinos. These online gambling games offer different payment method as pay through Litecoin or Bitcoin.
Some games are graphically much ugly. The biggest attraction these games is that they have the technology which shows that they are provably fair.
Here are some examples of best gambling sites
1. Litecoin Hi-Lo:
This a simple game in which you have to guess high or low through a sequence of cards. Since you can discuss the odds you get and can also choose how much risks you are ready to take for every card. These games are Provably Fair.
2. Litecoin Dice:
This is a probability based game, generally based on a casually generated number which is between 1 and 100. You have to just set your own odds by selecting the range of wins. You will be able to check whether the game was random after facts. The sites which provide these games offer a trail of the last 20 games for you so you can able to see the results of those too.
3. Ponzi Games:
In these games, you have to make sure you have not left holding the bounty after 24 hours are up. You will buy a string from the last player, then 0.01 LTC will be added to the total at this point. Then try to sell the string. If someone buys the string, you make a profit, if not, then you will get a 10% as a consolation prize.
What are The Casinos Accepting Litecoin?
Bitcasino.io is the fully featured casino which runs on the platform offered by CoinGaming. This includes 3D slots from the acclaimed BetSoft, Video Poker, and Keno. You can also find a Live-Dealer Casino too. The suggested names also accept Bitcoin. If you like sports, the Bittcasino also have a fully-featured sportsbook.
What are Gambling Advantages With Litecoin:
Most of the advantages of gambling with Litecoin are common with Bitcoin.
· These advantages include check and balance to verify to confirm the fairness of games.
· You can play with Litecoin anonymously.
· No personal backup document and information is required by the gambling sites.
· There are no transaction fees playing with Litecoin.
There are some technical benefits however, these are behind the scenes in the Blockchain processing.
Tags: bitcoin vs other cryptocurrencies
How to save your Bitcoin?
Other cryptocurrencies and bitcoin are the digital finance with lots of benefits. Basically, it gives the freedom to users but with a high rate of responsibilities. Bitcoin and other cryptocurrency user need to be aware of risk regarding the safety of it.
Losing your coins through hacking is one of the dangerous act ever. Especially, using cryptocurrencies for business transactions. In that case, your needs full security for your coin. we will discuss some security points for your bitcoins in this article.
Use strong password
Cryptocurrency accounts need the strong password. Most of the users make mistake while they use simple passwords on multiple accounts. Which is causing the heavy loss in transactions. So, make your accounts secure. In addition, set your password of minimum 16 words including letters, numbers, symbols, and capitals.
Check your addresses
Bitcoin accidents are costly. So, take time and make sure the addresses while you are sending money. You need to keep proper check while you are sending or receiving money. Make sure your bitcoin wallet addresses are right because there are too many scams sites that try to steal your bitcoins.
While you are opening an account with the exchange, you need to activate two-factor authentication for security reasons. Because of your two-factor authentication, it generates the secondary password on your device. Every time, you log in, the site will send you a message of verification. So, scams need the approach to your mobile first.
Isolation of your private keys from the internet to offline is the cold storage of your bitcoins. Paper wallet or hardware wallet is creating this storage. Once, you do it properly, these keys will be un-hackable. Whereas, hardware wallets are the best option to keep your bitcoin secure.
Update your device regularly
Most of the scams directly tend to target window users. Because it is easy to attack any window with viruses. Anti-viruses are not using all the time, they are not able to secure your system mostly. To secure your devices to keep your bitcoin secure, you need to keep crypto related activity separate. Linux is well-known in this context. You just need to update your device.
If you are an active member in the trading process, you need to minimize the counterparty risk. For that purpose, you need to keep some points in mind,
- While you are not actively taking part in trading, then do not keep your coins in exchange.
- It’s better for you to use 20%-30% of coins in trading.
- Among several exchanges, diversify your bitcoins.
- Make this thing sure that it is fine standing with the crypto community.
Backup of your keys
Electrum and trezor generate 13 or 24 words seeds. who restore your addresses. Make sure the backup of your keys. Write them somewhere else or store in USB device.
Your transaction can be seen on the different ledger. To secure your coins, you need to generate the new password with each transaction.
Bitcoin transactions are treating like a digital cash. It is the irreversible process of transactions. So, it needs protection. Enhance your security habits to protect your coins.
Tags: Bitcoin payment, Bitcoin Information.
On November 26, 2017, a news came out about a former SpaceX employee claiming that Elon Musk was “presumably” Satoshi Nakamoto, the creator of Bitcoin. Bitcoin was established in 2008 and claimed under the pseudonym “Satoshi Nakamoto”, the rumored holder of more than one million Bitcoins.
The secret of Satoshi has been a hotly debated issue in the digital currency world, with entrepreneurs regularly claiming and denying responsibility. Many individuals jumped at the opportunity to get a reaction out of Musk, with very little success on the first day.
In under 48 hours, the news reached Musk, who swung to Twitter to expose the claims in true Musk way:
“Not true. A friend sent me part of a BTC a few years, but I don’t know where it is.”
Image credits: cryptocoinsnews.com
The gossip started from this Medium post from Sahil Gupta, a student at Yale University and former intern at SpaceX. Gupta’s post was widely covered over media, bringing together a blend of supportive and skeptical responses. Normally, the dominant part of reactions was doubtful:
“Obviously, and on the 7th-day Musk rested.” – Phil Thompson
“Musk is a serial self-promoter. Had he come up with anything 1/1000 are groundbreaking we’d have known about it.” – Frayed_Knot
“I will debunk this right now. There is no way Elon Musk is Satoshi. He would never create a currency system that uses so much energy. One bitcoin transaction uses the amount of power an entire home uses in a full week. No way would he impact the environment like this.” – Adam W.
“Yes and no doubt one of his P.R. companies facilitated this article.” – Dave
The last comment can be easily exposed. Yes, Musk is capable of many things, but it is safe to say that he didn’t create Bitcoin.
With Musk’s latest response, the secret of Satoshi lives on and stays to be one of the best mysteries in the crypto world.
STORY AND IMAGE CREDITS: CRYPTOCOINSNEWS.COM
Digital currencies such as Bitcoin, Ripple, and Ethereum have been soaring pretty high over the past few months. According to the latest estimates:
- Bitcoin currently stands at $2588 per BTC
- Ripple has hit the market cap of $10 billion
- Ethereum has reached a total market cap of around $20 billion.
This incredible growth in value is the outcome of efforts put in by two countries – China and Japan.
China has been leading the Bitcoin market for the last couple of years. The Chinese mining pools are in charge of 60% of the Bitcoin network’s hash rate. Also, with a cheap electricity and access to proper hardware, China provides the ideal ground for digital mining.
However, in February 2017, three of China’s biggest Bitcoin exchanges suspended all withdrawals due to increased concerns over money laundering and capital flight. BTC China, Huobi, and OKCoin declared in separate statements that they will lift the suspension after the proper implementation of new guidelines set by the Central Bank.
Luckily, during June, there was an announcement that the self-imposed halt on withdrawals by Bitcoin exchanges was no more in place. The news took China by storm. The citizens responded with complete enthusiasm, assuring that they have complete confidence in digital currencies.
While China was on a halt in the beginning of the year, Japan took Bitcoin to an entirely new level. Towards the start, Japan barely took up 1% of the total Bitcoin market in trading volume. However, that soon changed as Japan now holds at least 6% of trading volume at the moment.
Moreover, Japan has entirely eliminated the tax on Bitcoin and other cryptocurrencies, a move which will ultimately increase the trading activities within the Japanese exchange market. The main aim behind this move was to ensure that all transactions take place without having to deal with any external factors such as taxes. Now, Bitcoin traders and businesses can run smoothly and easily access cryptocurrencies in the country.
Furthermore, Large institutions in Japan have now begun to accept Bitcoin as a payment option. Japan’s largest exchange, bitFlyer, now has the backing of all of Japan’s megabanks: MUFJ, Mizuho, and SMBC. In addition, Bic Camera, a very popular retailer, has paired with bitFlyer to accept Bitcoin at all of its locations. As the acceptance of digital currencies by influential retailers increases, the Japanese have begun to trust digital currencies for daily transactions.
Both the Chinese and Japanese, are responsible for boosting Bitcoin’s value to new heights.
Acceptance by The Government:
The Japanese Government is determined to provide their business community with a proper secure environment, where they are able to easily access cryptocurrencies and conduct trading activities. They’ve already assured that all their retail stores are well-equipped with the right security systems to prevent money laundering and fraudulent transactions from happening.
Ultimately, both governments are driving the cryptocurrency’s growth off the charts, with China in plans of designing and launching its own currency and Japan legally classifying Bitcoin a form of payment.