One of the fundamental methods of keeping a home secure is an alarm system. You need your key to get into the house, but once you enter, you have to cross over and punch in a passcode to keep security or the police from arriving to check on your safety. […]
Author: Dan Seitz
Bitcoin Basics: What Is a Cryptocurrency Bubble?
In an ideal economic word, all investors are rational. They look at a market, look at how the assets are priced in that market, and then make a restrained, intelligent decision to buy an asset based on its projected future performance and a calm, logical analysis of the market. No […]
Bitcoin Basics: What Is a 51% Attack?
Imagine, for a moment, that somebody somehow got control of the New York Stock Exchange. Perhaps they seized control of the terminals and websites traders use. This criminal could block trade, could execute fake trades, and could make off with millions. Sound like a Hollywood movie? In the altcoin sphere, […]
Transparency and Trust in the Blockchain Industry
It has often said that the blockchain is “trustless.” But that is meant in the sense that you do not have to trust somebody else to handle the behind-the-scenes bookkeeping because the blockchain does it for you. What happens when, as in every rising industry, trust is violated on an […]
Bitcoin Basics: What is a Bitcoin Faucet? (Hint: Money Flows!)
We’re all familiar with loyalty programs. Use this card for this purchase, fill out this survey, shop this sale, click this link, and we collect points, or bonus bucks, or whatever companies call the little tokens we accumulate in the course of basic commerce. You probably have five or six […]
Bitcoin Basics: What Is a DAO (the Idea of a Company without Humans)?
What if a corporation could think for itself? Without humans to make the mistakes that have brought many a business down?> As a Distributed Autonomous Organization it can.
VIDEO: 3 Legitimate, Real-life Blockchain Use Cases
“Blockchain” has become a buzzword, and like any buzzword, it can be misused. Bitcoin Market Journal Publisher John Hargrave discusses three very different blockchain uses. Watch to get a feel for when blockchain technology is a difference maker meant to enrich investors and not just smoke to separate them from their money.
VIDEO: The Blockchain Revolution, Explained in Two Minutes
Imagine for a moment that everything you buy, everything you sell, everything you pick up, from a gallon of gasoline to an apple at the market inside the gas station, was completely transparent. That’s the promise of blockchain, an innovation with the same potential as railroads or the stock market. […]
Bitcoin Basics: What Is an SPV Wallet?
When you buy something from somebody online, to some degree you are engaging in trust. That becomes doubly true when you use systems like PayPal, or even go the old-school route and send somebody a check in the mail. You’re trusting that you’re getting what you paid for (as opposed […]
Bitcoin Basics: What Is Immutability and Why Does It Matter?
It’s not a surprise how many financial institutions use rock imagery in their design and logos. It’s not just a certain insurer who uses the Rock of Gibraltar as their logo; if you look at banks and how they sell themselves, you’ll read a lot about keystones and bedrocks. And […]