Critics of Bitcoin claim that while inflation is bad, the alternative is much worse, deflation. While falling prices are commonly referred to as deflation, deflation formally decreases the supply of money or monetary substitutes. Deflation is not a fall in prices per se, but a monetary phenomenon that sometimes lowers
Our articles talk about Bitcoin from top to bottom. We explore all general concepts and more specific concepts related to Bitcoin mining.
Raoul Pal, a former Goldman Sachs manager, believes that BTC will be worth $1 million in three years, as outlined in his Global Macro Investor guide. With so many factors now like COVID-19, it doesn’t seem like Bitcoin block size and blocks weight matters. Wrong. Block size and weight control how many
Bitcoin Independence Day is one of the most critical days in decentralized consensus and may be one reason people use Bitcoin compared to many other cryptocurrencies. The concept of decentralized consensus essentially makes Bitcoin the ‘People’s Money.’ Here is a brief account of this concept and what it means to
The times we live in today have made people rethink their careers and move forward where they have a little more control over their income stream. Starting a Bitcoin mining business is one of those new, curious business models. For many people, mining Bitcoin is still a unique endeavour that
Minecraft, the game, by its very name, involves the act of mining to find resources, a critical element in the game to enjoy greater benefits and abilities. The more one mines, the more resources he finds of greater quality, and the more he can do with them in terms of
During the past few years, there have been several technological advances. One of them has been the growth of cryptocurrency. Cryptocurrency is a digital currency that offers a wide range of benefits, ranging from an investment vehicle to a medium of exchange for products and services. Similar to traditional currency,
Bitcoin is a digital currency. This means that it is not really something you carry around in your wallet but instead is something you have in an online account. Bitcoin is very different in that it is a decentralized currency. There is no central bank or central government in charge.