I'm a bitcoin specialist
Hello,
I'm a bitcoin and cryptocurrencies specialist.
I know all the corners of the bitcoin related market: how it works, how to trade, how to safely store them privately, what other cryptocurrencies besides bitcoin are good to invest in, etc.
I have software engineering and trading background.
Am I of any use to anyone?
Go work for Blythe Masters.
Why did I get monkey shit?
Will you teach me how to buy organs and child slaves online?
No, but I can teach you how to make money.
How?
from what is the value of bitcoin derived ?
Something new to Look at: Ethereum
Focus on the blockchain system (rather than bitcoin and other crypto currencies) and you may be able to get a job with the syndicate of banks who have signed up to use blockchain payment and trade settlement processing. The days of Swift are fortunately numbered, as are a larger number of back office roles.
I don't think so, did you ever hear of Ethereum? Read about it as much as you can if you are interested in blockchain technology. You can't imagine the potential of this. Ethereum will revolutionize the concept of governance the same way bitcoin revolutionized the concept of money. Ethereum is a cryptocurrency just like bitcoin but was designed to support much more, with something called Smart Contracts, for example just recently there was the launch of the first DAO (Decentralized Autonomous Organization), this is a new concept of what we call a company and it's currently in crowd funding: daohubDotorg This is the beginning of a new era. Official site of Ethereum: ethereumDotorg
My honest opinion: If you fast forward 100 years, I think Ethereum will be the future of our civilization for money and governance. Bitcoin will be eventually the gold standard, it will be used more as a commodity / store of value (similar to gold today) and it will be always much more valuable than Ethereum, since Ethereum has more supply than bitcoin and Ethereum's inflation rate reduction is much slower than in bitcoin.
Anyone who listened to this fella made a nice profit.
Kicking myself right now. Didn't read his post back then but I knew about cryptos, just didn't invest enough.
My first question is what is blockchain? I've heard so much about it and it's earth-shattering possible uses, but I can't even define that term
Well simply put. Blockchain is an online ledger where transactions can be stored safely and completed instantaneously .
http://lmgtfy.com/?q=what+is+blockchain
Here's something a bit more layman. This is how I explain it in the most rudimentary way:
A blockchain is merely a recorded timeline showing transactions and the origins of each. It's a program stored on everyone's computer who has ever made a cryptocurrency transaction thru a downloaded client (the program, basically). So there is no single server or device where it resides - helping to eliminate fraud and make it very, very secure.
Its future successors, variations of the basic blockchain, will inevitably upend the entire world of transactions (all financial exchanges, data exchanges, and representation of value). This is because of their universal usability, lack of language or governmental barriers, extreme security, and deletion of significant transaction fees.
How do you feel about the built in deflation assumed by the bitcoin algorithm?
The fact that we know how many bitcoins will ever exist seems like one of the strongest cases for Bitcoin as a store of value
No it's not. Built in deflation leads to hoarding. You want people to be spending money in an economy. Not holding onto it while currency deflates in value.
Can you teach me how?
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