The two most beautiful words to any investor are “free money.” Free money is why you open 401(k)s and contribute the maximum when your employer offers a matching fund. Free money is why you look for deals. And, in the altcoin space, free money can be a way to get […]
One of the simplest laws of economics is the harder it is to do something, the more paying someone else to do it will cost you. This is why labor is one of the highest costs in any industry. This presents a strange problem for altcoins because as they become […]
Investors, especially more adventurous ones, will sooner or later run into the problem of exchanging currency. You have to take a set of dollars and turn them into another set. It is expensive, it is obnoxious, it takes forever, and with altcoins, that may create a tax liability depending on […]
When someone talks about bitcoin or other altcoins, they drop in “decentralization” as a key feature. But nobody ever bothers to explain it. What is it? Why is centralization so important to our monetary system? Why is it important that bitcoin and other altcoins upend that? In this video, featuring […]
Confused by blockchain? If you’ve got two minutes, we’ll cut out the jargon and the unnecessary technical specifications and show you how the blockchain evolved from the double-entry accounting ledgers of the medieval era, to the checkbooks of yesteryear, to the distributed, shared ledger that exists today. You’ll also learn […]
When you invest in bitcoin or an altcoin, the first thing to understand is where that coin originates. In the case of bitcoin, for example, blocks are “mined.” This means figuring out some extremely complicated and difficult-to-solve math problems. If you solve them, though, the reward is currently 12.5 bitcoin. […]
You know how bitcoin mining functions. Anybody can download the software and mine blocks, hoping to be the first to solve a complicated mathematical problem and get the coins hidden inside that precious block. But what about altcoins where the supply is more tightly controlled? Who does the mining then? […]
“Blockchain” is on the verge of becoming a meaningless buzzword. Everybody wants to add blockchain to everything, like a hot new vegetable or dish that seemingly turns up on every menu anywhere you eat out. But, much like there’s a valid reason to put kale and bacon in pretty much […]
When you spend a dollar, you do not really think about what kind of dollar it is. You do not check the serial number to compare it to the value of another dollar. Dollars are, well, dollars. One dollar on paper is worth the same as a digital dollar deposited […]
Imagine this. What if every time you spent a dollar, you had to update everybody who buys and sells dollars? What if you had to contact every bank, every merchant, and every investor and let them know that you were spending this dollar with this serial number? If that sounds […]
