Our Latest Podcast Episode Released on 12.02.19

Recent Podcast Episodes

  • Kyle Hill

    Episode 67: How To Turn Your Giftcards Into Cryptocurrency

    Today Kyle Hill with Redeeem joins us to discuss how to turn your giftcards into cryptocurrency. Kyle is a tech entrepreneur, web developer, and former financial advisor. He served as founder/CEO of HomeHero, one of the largest non-medical home care providers in California. HomeHero raised $23 million and provided care to thousands of families before […]

  • Samatha Radocchia

    Episode 66: Bitcoin Pizza: The No BS Guide to Blockchain

    Samatha Radocchia joins us to discuss Bitcoin Pizza: The No BS Guide to Blockchain.  Samantha, or “Sam Rad” for short, is an entrepreneur, author, engineer, and early blockchain pioneer and advocate who combines the mindsets of an anthropologist and a technologist. She’s led corporate trainings at Fortune 100 companies, governments, investment firms, and the United […]

  • Fran Villalba Segarra

    Episode 65: Earn Extra Cash By Renting Out Your Computer’s Extra Hard-drive Space

    In today’s episode Fran Villalba Segarra with Internxt joins us to discuss how you can earn extra cash by renting out your computer’s extra hard-drive space. Fran is a young tech entrepreneur. He’s been in the cloud industry for over 7 years, and is now the Founder and CEO at Internxt, a disruptive startup. Internxt, […]

  • Chase Freo

    Episode 64: The Future Of Video Games On The Blockchain

    In this week’s episode, Chase Freo with Outplay.gg joins us to discuss the future of video games on the blockchain. Chase has a wealth of experience in finance and tech before entering the gaming industry. He was previously the CMO of R2Games where he oversaw the company’s marketing and growth strategies for its PC and […]

Recent Blog Posts

  • Everything You Need to Know about the Upcoming Ethereum Forks

    Everything You Need to Know About the Upcoming Ethereum Forks

    Ethereum, and it’s cryptocurrency ETH, was proposed by Vitalik Buterin in 2013, although the system only went live on 30 July 2015. Ethereum is a blockchain platform, where developers can build decentralized applications (dApps) and smart contracts. Ethereum is now home to a very large number of dApps ranging from decentralized finance to blockchain games.  […]

  • A Look at DappRadar’s EOS Token Tracker

    A Look at DappRadar’s EOS Token Tracker

    Decentralized Applications, or dApps, have been around for quite a while. However, it wasn’t until 2018, the first “Year of the dApps,” that they truly came to the forefront of the cryptocurrency and blockchain sphere. DappRadar, the largest dApp ecosystem tracker, recently released a tracking feature that tracks full token transaction volumes for EOS dApps. […]

  • libra coin infographic

    Libra Coin – A New Digital Currency Developed by Facebook Infographic

    Libra coin, developed by Facebook, has been getting a lot of media attention, but what is? The infographic below gives a great explanation and visualization of what it is and what it is trying to accomplish. This infographic was created by our friend Karthik at MrBTC.org This infographic was originally made here.

  • Market Weekly Update 7.3.19

    Race for implementation

    By Jacob Pouncey | Saxo Bank Analyst | Crypto Current Contributor This week the entire crypto market cap fell by 11%, bringing the market cap to USD 320 bn. Ethereum and Bitcoin fell by 12% and 10% respectively. This comes after a parabolic rally in Bitcoin price in the second quarter of 2019. Mike Novogratz, believes that the Bitcoin […]

FAQ

A digital or virtual currency that uses cryptography for security.

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Satoshi Nakamoto, an unknown software developer who proposed bitcoin in 2008 by using mathematical proof as an electronic payment system. Satoshi created bitcoin as a response to the financial crisis of 2008.  

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No. You can spend as much as you want (as little as $5).

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Bitcoin acts under the same circumstances as any other currency, meaning Bitcoin can be used theoretically anywhere that accepts Bitcoin as a proper exchange of value. While stores are slowly adopting Bitcoin, here are some places you can use your Bitcoin on the internet:

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  • Bitcoin is a digital form of currency and differentiates from your average currency and some altcoins in these  5 major ways:
    • Decentralization
      • No single entity controls the bitcoin network. It is maintained by a group of volunteer coders, and run by an open network of dedicated computers spread around the world called nodes.
    • Limited Supply
      • Fiat currencies (dollars, euros, yen, etc.) have an unlimited supply – central banks can issue as many as they want, and can attempt to manipulate a currency’s value relative to others. With bitcoin, on the other hand, the supply is tightly controlled by the underlying algorithm. A small number of new bitcoins are distributed into the blockchain network every hour, and will continue to do so at a diminishing rate until a maximum of 21 million Bitcoins has been reached.
    • Partial Anonymity
      • Since there is no central “validator,” users do not need to identify themselves when sending bitcoin to another user. When a transaction request is submitted, the protocol checks all previous transactions to confirm that the sender has the necessary bitcoin as well as the authority to send them. The system does not need to know his or her identity. With that being said when buying Bitcoin from an exchange most require that you reveal your identity and keeps record of whatever bitcoin you buy or sell.
    • Immutability
      • Bitcoin transactions cannot be reversed, unlike electronic fiat transactions. This is because there is no central person in charge of the transaction that can return the money.
    • Divisibility
      • The smallest unit of a bitcoin is called a satoshi. It is one hundred millionth of a bitcoin (0.00000001).

 

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Due to Bitcoin being open source, anyone can take the code and edit it to create a different coin than Bitcoin creating an Altcoin. An altcoin is basically any coin that “forked” away from Bitcoin, some prime examples being Ethereum, Litecoin, and Ripple.

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“The blockchain is an incorruptible digital ledger of economic transactions that can be programmed to record not just financial transactions but virtually everything of value.” – Don & Alex Tapscott, authors Blockchain Revolution (2016)

The blockchain network lives in a state of consensus, the network reconciles every transaction that happens in ten-minute intervals. Each group of these transactions is referred to as a “block”. A network of so-called

computing “nodes” make up the blockchain.

 

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You can buy cryptocurrencies on online exchanges. Some of the most common exchanges are Coinbase, Binance, and Bitfinex. You can even purchased them from special ATMs

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