As many of you know Bitcoin prices have surged recently up to $40,000 USD per bitcoin as of February 2021. We are in the middle of a bit rush! People are noticing Bitcoin’s surge and wondering how they can profit from it. In this article we will explore how custom silicon is a vital part of a winning bitcoin mining strategy.
Some… Read More
I get frustrated by shortsighted perceptions, which are misleading and dangerous is far easier to vilify something people don’t fully understand.
Here is another article, titled Bitcoin is Aiding the Ransomware Industry, published by Coindesk, implying cryptocurrency is the cause of digital crime.
This is one of many such… Read More
Cryptocurrency is seen as a new, wild, reckless, revolutionary, and sometimes shady financial instrument. In addition to legitimate transactions, a disproportionate amount of attention is paid to the criminal use of cryptocurrency to store wealth, collect payments, transfer illicit funds, and launder money. Malicious
Cryptocurrencies represent a radical departure from traditional forms of money. Currencies like Bitcoin, Etherium and Monero offer many unique advantages over traditional currencies, and are changing how money is created and used. Bitcoin, the pioneer of cryptocurrencies, relies on pure computational power for so-called… Read More
As predicted, the rise of cryptocurrency valuation has captured the attention of cybercriminals. New hacks, thefts, misuse, and fraud schemes are on the rise. Where there is value, there will be a proportional risk of theft.Criminals always pursue and exploit systems where they can achieve personal financial gain. It is the … Read More
During the late ’90s, Silicon Valley venture capitalists and New York City investment bankers used phrases such as “monetizing eyeballs,” “stickiness,” and “B2C” to justify the ridiculous valuations of Internet companies. They claimed conventional methods were inapplicable in valuing the dot-com companies — which had no… Read More
Blockchain, the “distributed ledger” technology, has emerged as an object of intense interest in the tech industry and beyond. Blockchain technology offers a way of recording transactions or any digital interaction in a way that is designed to be secure, transparent, highly resistant to outages, auditable, and… Read More
In a previous post we looked at how we are going to scale #IoT deployments. The conclusion was that we needed the notions of trust and privacy to be in place for that to happen. In a follow up post, we looked at using a middle man to provider a broker platform that would mediate transactions between server side service applications and… Read More
For several years, Bitcoin has captured headlines not only for becoming the leading digital currency, but also for wild fluctuations in its value. Will Bitcoin succeed? The jury’s still out. But now the underlying technology – an encrypted, distributed digital ledger called blockchain – is riding a wave of adoption for many new… Read More
I have to admit I, thus far, have been the ultimate Bitcoin cynic. Watching the price go from $2 in the fall of 2011 to $1132 in December 2013 was dizzying. It seemed reminiscent of Dutch tulip mania. A bitcoin that is not backed by anything physical such as gold, or by a government, strikes me as only slightly less valuable than a tulip.… Read More
