Italian Banks Successfully Test Data Reconciliation Via Blockchain

8m
cointelegraph

$500 Billion in Transactions Later, Litecoin Celebrated Its 8th Birthday

20m
cryptoglobe

Changpeng Zhao Tweets About ‘Binance Effect,’ Deletes Newly-Added Coin Pumps Shortly After

21m
beincrypto

Rising cryptocurrency mass adaption in India before court case on 23rd

1h
bitcoinwarrior

Bitcoin Price Continues to Track Bullish $3,200 Bottom Fractal

1h
newsbtc

Kik Announces It’s ‘Here to Stay’ in Apparent Reversal of Fortunes

1h
cointelegraph

Bitcoin Faces Drop Below $8,000 Despite Beating Price Resistance

1h
cryptonewmedia

Bitcoin Drops 0.82% as Dominance Downtrend Continues

1h
coininsider

Top X Bitcoin Trading Strategies

1h
cryptodaily

Monero [XMR] Hits a 6-Month Low as Major Exchanges Gear to Delist Privacy Coins

1h
coingape

VanEck Director Calls on USA to Embrace Bitcoin After Backing Tether

1h
beincrypto

Cardano Senior Manager Reveals All About Upcoming Testnet & Staking on the Network

2h
cryptodaily

G7: Facebook's Libra Shouldn't Be Launched Until Its Risks Are 'Adequately Addressed'

2h
cryptoglobe

4 Minute Crypto - Will The New Dot Crypto Domains Replace Crypto Wallet Addresses

2h
letstalkbitcoin

Report: Telegram’s ‘Force Majeure’ Clause Curbs Investor Compensation

2h
cointelegraph

Is the GBTC Premium a Big Indicator for the Price of Bitcoin?

2h
cryptodaily

Bitcoin Price: Sudden Sunday Drop Has Analysts Eyeing $7.8K Support

3h
cointelegraph

BNB, EOS, Monero, TRON and Cardano

3h
cryptonewmedia

BitMEX’s Bitcoin Futures 24 hr Volume Drop Below $1 Bn, Records the Lowest in Months

3h
coingape

XRP Looks To Double Its Value in Anticipation of 2019 Swell Conference

3h
beincrypto

Crypto IRS Audits: Hire Professionals or Do it Yourself?

3h
cointelegraph

Ripple’s Brad Garlinghouse Doesn’t Slam Bitcoin, But Still Believes XRP is a Better Option For Payments

3h
cryptodaily

BMW, General Motors, Ford to Start Testing Blockchain Payments in Cars

3h
cointelegraph

Sudden Cyworld Shutdown Puts Clink Crypto Investors at Risk: Report

3h
cointelegraph

Hurun Institute’s Wealthiest Chinese List Includes 12 Crypto Moguls

3h
cryptoglobe


Donald Trump Is Wrong About Bitcoin and Cryptocurrencies » The Merkle…

Blow up a balloon, hold it tight in your fingertips and then let it go. See how it farts its way around the room in all directions? This is Donald Trump’s brain and today his brain decided it would be a good idea to write about Bitcoin.

In the words of the great Samuel L Jackson.. Well allow me to retort..

Donald Trump is wrong about Bitcoin and cryptocurrencies not being money, because whether a thing is money or not depends on how we use it. It’s all about context. Cigarettes are money in prisons, bullets are money in war zones and Bitcoin is money in Venezuela. Bitcoin is in fact money in a myriad of different ways all over the world and it has a chance of becoming the best money we’ve ever created.

Let your mind linger on the following: Bitcoin is borderless, it has a global price, it is permissionless, censorship resistant and truly native to the Internet. Its issuance cannot be inflated, it isn’t owned or run by a central authority and its codebase is open source. This means it belongs to everyone, always. Think software for money with a free licence to use it how you wish in perpetuity. It’s not possible to win a fight against this kind of utility, and just like all the other software we’ve invented, in time it will eat the world. No wonder old men in suits are shaking their fists at it.

Imagine giving Donald Trump a money printing machine and then asking him kindly not to use it. My thoughts exactly… This is why the US economy is 22 trillion in debt and why the average lifespan of a government backed fiat currency is 27 years. There will be a reckoning, and when it comes it will be something like bitcoin that comes to the rescue.

Bitcoin is based on mathematics, millions of participants with ‘skin in the game’ proving their participation by paying for the cost of energy (mining) and thereby creating the largest network of computational hashing power we’ve ever created. Bitcoin is hugely robust in terms of its network, it’s as trustworthy as our best encryption affords and as strong as humanities collective fascination with the profit motive. Furthermore, Bitcoin does not require a banking charter, just an Internet connection and no amount of blurting out random thoughts on twitter can change this fact.

At the end of his tweet thread Donald Trump says the US Dollar will always stay the most dominant currency in the world! Probably a good time to remember he has also said that he had the world’s biggest inauguration crowd, that he won the popular vote, that Kim Jong Un is a smart, great leader and that his father, Fred Trump was a German.

Watch that balloon fly!

About George McDonaugh and KR1 plc

George McDonaugh is CEO and Co-Founder of KR1 plc, the London listed cryptocurrency and blockchain investment company. George has been involved in the industry since 2011 and is also a founding member of the Multichain Asset Managers Association that represents ecosystem players interested in working towards a new vision for asset management using blockchain technology. George is a regular speaker and advocate for the use of blockchain technology to traditional investors and institutions.

KR1 has been a notable first investor in many key projects that will power the decentralised platforms and protocols that form the emerging Web3 infrastructure. KR1 has been a publicly listed investment company on the London-based NEX exchange since early 2016.

www.kr1.io

Disclaimer

This communication is for informational purposes only and should not be viewed as any form of recommendation as to a particular course of action or as investment advice. It is not intended as an offer or solicitation for the purchase or sale of any financial instrument, in particular KR1 shares, or as an official confirmation of any transaction. Opinions, estimates and assumptions expressed herein are made as of the date of this communication and are subject to change without notice. This communication has been prepared based upon information, including market prices, data and other information, believed to be reliable; however, KR1 does not warrant its completeness or accuracy. All market prices and market data contained in or attached to this communication are indicative and subject to change without notice.

Image(s): Shutterstock.com

Regarding any copyrights issue, please contact us:content@hashbee.com.

0 comments