Are NFTs for Real?
Are NFTs for Real? Written: June 2022 The world of NFTs is emerging, and I think it is a big deal. CNBC reported on June 15 Microsoft co-founder Bill Gates said he thinks cryptocurrencies and NFTs are “100% based on greater fool theory.” Bill is one of the richest and smartest persons in the world […]
Will Congress Be Able to Grasp Crypto?
Written: December 10, 2021 The United States House of Representatives Financial Services Committee held its first hearing on digital assets on Wednesday, December 8, 2021, more than 10 years after the birth of crypto. The House is not known for speed. The House Oversight Committee released a report this week saying the pharmaceutical industry relies […]
Is MiamiCoin for Real?
Written: December 3, 2021 Electronic money is not a new idea. The Electronic Fund Transfer Act was passed by the U.S. Congress and signed by President Jimmy Carter 45 years ago (1978). Other forms of electronic money include payment processors, direct deposit, and digital currencies such as Bitcoin. What distinguishes Bitcoin from other electronic money […]
Is Bitcoin Good For The Environment?
Bitcoin is not good for the environment. However, there are significant changes on the horizon which may change this. As of May 28, there are 10,118 different cryptocurrencies. Most of them are insignificant. The total value of all cryptocurrencies is currently $1.6 trillion. Bitcoin represents 43% of the total and Ethereum is 18%. The rest […]
Where Is Bitcoin Headed?
In November 2008, Satoshi Nakamoto, the presumed pseudonymous creator, posted a paper on the Internet called, “Bitcoin: A Peer-to-Peer Electronic Cash System”. The paper described a system where a digital currency, called Bitcoin, could be used to buy and sell goods and services, transfer Bitcoin to others, or just buy and hold Bitcoin as an […]
