Participating in the cryptocurrency space doesn’t have to be risky! There is no need to get a second mortgage on your house, and there is no need to put your student loans towards Bitcoin. You don’t even need to put any of your hard-earned cash toward crypto, if you don’t want (and if you do, please do plenty of research, never invest more than you can afford to lose, and speak to a qualified professional first!).
In the fourth quarter of 2018, Facebook reported that its platform sees 2.32 billion Monthly Active Users (MAUs). From an advertiser’s perspective, the value of advertising on Facebook seems to be immediately apparent. If Facebook actually does have 2.32 billion unique individuals using their platform, and they can tell you which people you need to target based on the data they collect, virtually any ad price range is reasonable. This prevailing sentiment is what makes Facebook so valuable — so valuable that the company brought in $40 billion in 2017. But there is a major problem — Facebook doesn’t actually know how many of their accounts are fake.
In a way, Satoshi is a modern Newton. They both believed trust is best placed in the unchangeable facets of our economy. Beneath this belief is the assumption that each individual is their own best master. Why should we be required to rely on the government, or the Bank of America, or the Fed to manage our wealth? Each one of these entities is inherently self-interested; you are merely a product for their profit in a self-perpetuating system enabled by fiat.
See, people understand Bitcoin, cryptocurrency, and the blockchain just as much as the Today Show of 1994 understood the Internet. In 2017, we use phrases like “immutable ledger” or “decentralized network” or “gold 2.0” to describe Bitcoin and blockchain tech. In 23 years, I’d be willing to bet that we will be laughing at the naivete of these descriptors.
…rged device. This tech is so new and innovative that it can be difficult to wrap your mind around — I stumbled across this helpful step-by-step walkthrough that helped me transact my own Bitcoin offline. The dev responsible was featured in a Bitcoin Magazine article here.
Over the last 30 years, the amount of people living on less than $1 USD a day has been reduced by more than half. This is an incredible milestone of which many people aren’t aware, but there is still much work to …