An insightful post by Dan Held on Medium does an excellent job of detailing the original proof‐of‐work (POW) concept that is an integral part of the cryptocurrency model. Many crypto opponents have deemed the POW concept as being wasteful, but Held is able to show the fallacy in their argument..
BLOCK SCHOOL Here at NewsBTC we believe that education and knowledge is fundamental to the wider adoption of cryptocurrencies and growth of the blockchain
Lehman Brothers Holdings Inc. was officially shuttered on this day in 2008, rocking the entire planet. A little known economic philosopher, Ludwig von Mises, tried to warn years and years ahead about the perils of allowing politicians to issue and steer money..
History is written by the victors.-Winston ChurchillSuccess is a great deodorant.-Elizabeth TaylorThe winning side of a war writes the narrative; politicians, cultural leaders, educators, and the media create the “facts” that school‐children know.
The following opinion piece on on building a decentralist culture was written by Max Borders, author of The Social Singularity.
People believe the central banks created hyperinflation and a large imbalance of income inequality because all the funds were given to the banker’s friends.
Bitcoin supply is incredibly scarce by design. But how many bitcoins are there exactly? Find out how many are in circulation, and how many are lost forver.
Here at NewsBTC we believe that education and knowledge is fundamental to the wider adoption of cryptocurrencies and growth of the blockchain industry. We To kick things off we will take a look at the history of cryptocurrency and go back to its very beginnings..
The abolition of the market means not only that the consumers—that is all members of society—are robbed of virtually all choice of consumption and all influence over production; it also means that the information and communication are monopolized by the State, as they too need a vast material base in order to operate.
PoS has many flaws and introduces a process that advocates a planned economy that’s propagated by ancient thinking and basically the old banking system.