Top news and views about Bitcoin and Cryptocurrency for 17 Apr 2017
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Bitcoin and Other Cryptocurrencies Shaping Future Economy, Capitalism Morphing
Money has shaped our modern economy. We have gone from using grain and cattle and even salt as currency to using metal tokens (coins) and paper.
However, paper has the habit of sticking and it has been around ever since the Chinese introduced it during the Tang dynasty. We have grown comfortable using paper currency and no one can deny that it has had its usefulness.
Now we are approaching another era in which bits are playing the same role that paper did. Digital currencies are no longer something that will happen way into the future, they are here.
How will the advent of digital currencies like Bitcoin, Monero, Ethereum and etc affect the future shape of the economy?
Full story at http://bit.ly/2ovxSs1
Bitcoin Ponzi Scheme? Indian Government Seem to Disagree With Claim
Kirit Somaiya, an Indian politician of the Bharatiya Janata Party, recently described Bitcoin as a Ponzi scheme and claimed that self-regulation is not permitted. However, the Indian government seemed to disagree with Somaiya’s claims and is looking to regulate Bitcoin.
The term “Ponzi scheme” is often used by conventional “economists” and politicians to describe Bitcoin. But, the utilization of the term to explain Bitcoin’s structure demonstrates a high level of incompetence and a significant lack of economic and financial knowledge.
Full story at http://bit.ly/2pDSDPR
Bitcoin Unlimited Is 100% Anti-Bitcoin: Akin Fernandez
Akin Fernandez, the owner of the Bitcoin startup Azteco, thinks that Bitcoin Unlimited is “100 percent anti-Bitcoin.” His comments come in the wake of the ongoing scaling impasse which has bedeviled the ecosystem.
He explains what convinced him to come to that conclusion:
"If someone came to your country and said, 'We are going to break up your government and take over the running of this country...because we have more money than all of you put together. We do not care what you want or think, just obey us, or you are free to go anywhere' you would say that that is "Anti-human" wouldn't you?"
Full story at http://bit.ly/2pDJSp4
Bitcoin value rises over $1 billion as Japan, Russia move to legitimize cryptocurrency
Bitcoin is up nearly $100 in the past week, hitting levels not seen since mid-March after Japan legalized the cryptocurrency as a payment method and Russia is seeking to regulate it too.
The digital currency was trading at around $1,223.04 at the time of publication, up from highs of $1,124.88 on April 5, and hitting prices not seen since March 16, according to Coindesk data. Bitcoin's market capitalization has risen from $18.34 billion on April 5, to $19.5 billion on Wednesday, according to Coinmarketcap.com data.
Bitcoin has suffered a recent dip in price thanks to a debate over the future of its underlying technology, but the recent support appears to have come from Japan.
Full story at http://cnb.cx/2pDH77e
Daily Twitter Bitcoin Sweepstake
I am starting a Daily Bitcoin Sweepstake. I will tweet one Twitter handler with their bitcoin wallet address and QR-Code each day. People can send them a few bits if they want as it's totally voluntary. The more people retweet the more people could receive. This is to get people using bitcoin more and for a bit of fun :)
The more people that use bitcoin the more valuable it will become. If you don't have a Bitcoin Wallet get one at Coinbase http://csyd.es/Wallet
If you want to participate post your Twitter handler, Bitcoin Wallet Address and QR-Code to the comments below or email them to me [email protected] and you will be added. If you don't have a QR-Code then use the QR-Code Generator http://bitcoinqrcode.org/
This is an experiment to see how people like it. I am aiming for 30 people to start with so each person will get one tweet a month. The tweets will be added to SocialJukebox.com so they are sent out randomly each day and set so each tweet will go out once in a 30 day period.
Full story at http://bit.ly/2poK7YC
The Big Three: How China, India, Japan Set Pace For Bitcoin
Recent behavior of Bitcoin reveals that developmental events around certain nations make huge impacts on the cryptocurrency. The most significant among these nations are China, India and most recently, Japan.
With the mainstream adoption of Bitcoin in Japan and the subsequent acceptance of the cryptocurrency by several stores across the Asian country, Bitcoin has responded by its most recent surge in price, rising significantly above the $1,200 mark in the process.
Full story at http://bit.ly/2pDFir2
Prepared by @SydesJokes
Original post from: http://CrowdifyClub.com/SydesJokes
I join to participate. RESTEEM and my Twitter feed
Madlen Fox
@Madlen_Fox
1HpBspJjJDECKuh7YSeSJa5edzUSJr4jrq
Definitely Following you now! More Post like this Please!