Cryptocurrency allows Ukraine to get quick financial support, and Russia, to bypass international sanctions and protect some of its economic interests. Many people promoting cryptocurrencies are looking for something bigger than the future of financial transactions. Blockchain technology can be made greener if we change the way transactions happen. With mantras, a mysterious founder and promises of societal salvation, there are echoes of religious traditions in the cryptocurrency.
For the metaverse to work, people need to own their virtual bodies and possessions and be able to spend money. The same cryptographic technology behind bitcoin will make that possible. Plus, a philosopher explains the history of the idea that we might all be living in a simulation.
Scientists at Queensland University of Technology described their findings in research published in the journal Personality and Individual Differences earlier this month. They asked people to complete personality surveys as well as answers questions about their attitudes to crypto.
Of the participants, one in four reported that they owned crypto and two-thirds showed an interest in crypto investing. All four dark tetrad traits correlated with an affinity for investing, each for their own reasons. According to the researchers, dark tetrads are partly drawn to crypto because they are prepared to take risks. Digital assets such as Bitcoin are infamously volatile and the feast-or-famine nature of investing is particularly enticing to some.
Study lead author Dr. The link between the traits and an affinity for Bitcoin is also driven by the fact that the currency does not have a central authority, meaning it is separate from banks and governments. Wang said. Narcissists, on the other hand, are drawn to the technology because they tend to focus on the positive side of life.
The researchers found that narcissists like crypto because of their great faith in the future and confidence that their own lives will improve. Lastly, impulsive psychopaths and sadists like crypto because they are thrill-seekers who fear missing out on the rewards of investing.
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Bitcoin as an asset is a perfect form of collateral and will likely be used to provide financial backing for mortgages and other forms of debt. Nexo, a lending services provider, has partnered with Mastercard and DiPocket to offer Nexo Card, a credit card backed by bitcoin or other cryptocurrencies.
The country is favoring a single Bitcoin and cryptocurrency legislation in an effort to enact it by the first half of The world stands on the precipice of a monetary restructuring, with bitcoin seemingly the most likely to be adopted — albeit slowly. Rising interest rates may seem bullish for the bitcoin price, but a credit market unwind and hawkish central bank means a market selloff in the short term.
Ubersmith, a subscription management platform that services cloud-based projects, partners with Bitpay to let its users accept Bitcoin and other cryptocurrencies as payment. Bitcoin decoupled from the Nasdaq to denote a 2.
A consortium of Bitcoin meetup groups from all over the world joined forces at Bitcoin to socialize and talk about strategies for growth. Starting from Bitcoin , my motorcycle tour will travel 10, highway miles to meet Bitcoiners across the U. During Bitcoin , a panel of cryptocurrency investment platform insiders and legal advisors discussed complications in U. A project at Bitcoin is designing the future of payments for energy via the Lightning Network.
In this discussion, Eric Weinstein and Avi Loeb discuss the barriers of centralization and physics while detailing how Bitcoin fixes both. Wyoming Senator Cynthia Lummis shared details on a bipartisan bill designed to propel Bitcoin innovation in the U. Bitcoin held a fireside conversation about Federated Chaumian Mints, which the panelists argued could play a big role in the future of Bitcoin privacy.
Bitcoin mining companies are working with electricity providers to find solutions for power that support mining and community access to electricity. Jordan Peterson discussed his curiosity in bitcoin, entrepreneurship and his fierce belief in capitalism. At Bitcoin , Constitutional lawyer Neal Katyal argued that Bitcoiners should be open to some regulation to ultimately protect the technology. ASIC manufacturer, Canaan, announced a brand new mining machine in addition to green mining standards about energy, mining and infrastructure.
Curve, a fintech company dedicated to streamlining rewards programs and financial services, now offers a bitcoin-rewards program. A cohort of developers discussed CoinJoin and CoinSwap on stage during the Bitcoin conference to highlight the main characteristics of these Bitcoin privacy tools.
Press Releases. By Emmanuel Awosika 2 hours ago. By Alex Mann 3 hours ago. By Econoalchemist 5 hours ago. By Shawn Amick 8 hours ago. By Marty Bent 18 hours ago. By Anton Livaja Apr 15, By Shinobi Apr 15, Industry Events. By Stuart Russell Apr 14, By Shawn Amick Apr 14, By Aleksandar Svetski Apr 14, By Aaron van Wirdum Apr 14, By Zack Voell Apr 14, By Mike Hobart Apr 13, Despite possessing several valuable qualities, such as scarcity, durability, and fungibility, its weight precludes its portability.
In the past, a solution was to use paper receipts, which effectively represented a certain amount of gold kept in safe custody. People trusted they could take this paper to the bank and exchange it for gold. Eventually, these paper receipts evolved into currencies, such as the U. The convenience of the paper bills made transactions much easier, and they could occur much more frequently.
One could think of paper currency as a second layer on top of the first layer of the gold standard. Bitcoin and the Lightning Network function in much the same way as gold and paper currency. In the case of Bitcoin, a choice was made to optimize for security and decentralization, with transaction speed being sacrificed.
This ultimately led to a highly variable transaction fee as well, depending on the demands on the network. These two points make it difficult for Bitcoin payments to be made on-chain, especially in smaller every day increments. The Lightning Network effectively relieves Bitcoin of these payment duties and is instead optimized for high speed and low cost, eventually finalizing transactions using Bitcoin on the main chain. The Lightning Network works by setting up a channel for payments between two separate parties, called a funding transaction.
Both parties fund the channel with on-chain bitcoin, creating an on-chain arrangement between the two. These funds are the maximum channel capacity, you cannot spend more than the total of these funds combined. This funding transaction, the initial channel opened up between two parties, uses something called a multi-signature address, which means more than one signature is needed to move the Bitcoin held in that address.
For example, in a multi-signature address you would need the 2 people to agree to sign for the funds at that address for it to be spent. In this payment channel on the Lightning Network, only the first and the last transactions are put on the bitcoin blockchain. All the other transactions between the opening and closing transactions will happen off-chain, meaning off of the Bitcoin blockchain. These transactions between the first and the last are called commitment transactions, and they are not limited by the Bitcoin protocol fees or transactions per second.
An equivalent process would be opening a tab at a bar.
A weekly show hosted by “Bitcoin and Black America” author Isaiah Jackson who will explore how crypto is creating and impacting various communities around the. The Bitcoin News Show #83 - Blockchain Madness, Facebook Renouncing Ad Ban, Bitmain approaching 51% · World Crypto Network. Small investors step up bullish bets on bitcoin, open interest data shows The Block director of news discusses Terra buying $10B of bitcoin.