Is Asteroid Mining Really Our Best Argument for Bitcoin Over Gold?

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Submit Blog Home » Cryptocurrency News » Cryptocurrency News » Is Asteroid Mining Really Our Best Argument for Bitcoin Over Gold? Is Asteroid Mining Really Our Best Argument for Bitcoin Over Gold? August 16, 2020 Aug 16, 2020 at 14:00 UTC (@stoolpresidente/Twitter) After a Winklevoss encounter highlights Elon Musk’s space mining dreams, maybe we should…

Submit Blog Home » Cryptocurrency News » Cryptocurrency News » Is Asteroid Mining Really Our Best Argument for Bitcoin Over Gold? Is Asteroid Mining Really Our Best Argument for Bitcoin Over Gold? August 16, 2020
Aug 16, 2020 at 14:00 UTC
(@stoolpresidente/Twitter)
After a Winklevoss encounter highlights Elon Musk’s space mining dreams, maybe we should remind ourselves of the right-here-at-home benefits bitcoin brings.
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This episode is sponsored by Crypto.com , Bitstamp and Nexo.io .
Earlier this week, the Winklevoss brothers introduced Barstool Sports founder Dave Portnoy to bitcoin.
One of the notable parts of the recap video was a discussion of how Elon Musk was set to destroy the value of gold on Earth by mining gold from asteroids.
While much meme fun was had, on this week’s Long Reads Sunday NLW has chosen a selection that looks at how fiat beat out gold and how gold beat out silver to provide some – ahem – more immediately relevant lessons on how to explain the benefits of bitcoin.
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The leader in blockchain news, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies.CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups.Share this: Canadian Jewelry Retailer Birks Now Accepts Bitcoin Payments NEWS Birks Group, one of the oldest luxury jewelry retailers in Canada, is now accepting bitcoin payments at some stores.The firm announced Tuesday that it has partnered with U.S.-based bitcoin payments processor BitPay to enable “faster, easier and more secure” purchases for customers.

Currently, bitcoin payments are enabled at eight of the group’s stores,… Global Charity Oxfam Will Use Ethereum to Deliver Microinsurance Oxfam, the non-profit group focused on alleviating global poverty, has teamed up with blockchain startup Etherisc to help bring affordable insurance to paddy rice farmers in Sri Lanka.The tie-up between Etherisc, which applies the ethereum public blockchain to the world of insurance, and Oxfam in Sri Lanka was announced Tuesday at CoinDesk’s first “Blockchain for… Lightning Network Developers Warn of Bug That Could Cause Loss of Bitcoin news Developers have disclosed a security hole in various versions of bitcoin’s Lightning Network software that could cause users to lose money if not updated.

The bug was first made public on Aug.30 by bitcoin and Lighting developer Rusty Russel and confirmed Tuesday afternoon by Olaoluwa Osuntokun, CTO of startup Lightning Labs.It’s unclear how much bitcoin,… Telegram Refutes All SEC Allegations, Asks Court to Dismiss in New Filing news Messaging app firm Telegram has made a new plea to a U.S.court to drop an action brought by the Securities and Exchange Commission (SEC) alleging its yet-to-be launched token is a security.In a filing to the district court of the Southern District of New York on Tuesday, Telegram broke down and refuted… Bitcoin Mining Pool Poolin Partners With BlockFi to Expand Crypto Lending Service Jun 2, 2020 at 09:21 UTCUpdated Jun 2, 2020 at 09:22 UTCBitcoin ASIC miner (credit: Shutterstock)Poolin, the second largest bitcoin mining pool, is expanding its cryptocurrency lending and financial services businesses.The pool announced Monday that it has started working with U.S.-based crypto lender BlockFi, which will be acting like an interbank lender, providing a… Privacy Coin Beam Conducts First Hard Fork Away From ASICs news At 19:00 UTC today privacy coin beam completed its first scheduled hard fork at block 321,321.

Launching on bitcoin’s tenth birthday in January this year, beam is one of the first two implementations of the Mimblewimble privacy protocol.Beam’s fork adjusted the mining algorithm due to ASIC mining concerns as laid out in its… Barry Silbert Founder, Digital Currency GroupBarry Silbert is the founder of venture firm Digital Currency Group (DCG), crypto asset manager Grayscale Investments and illiquid assets marketplace SecondMarket.Silbert founded SecondMarket in 2004, where he created the Bitcoin Investment Trust, wholly devoted to bitcoin and the first investment vehicle of its kind in the US.The fund received… The Crypto ‘Trichotomy’ opinion Timothy Enneking is the founder and the primary principal of Digital Capital Management, LLC (DCM).The crypto space ain’t what it used to be.In the good old days when bitcoin was the only “cryptocurrency” around, life was much simpler.Then, a few other “currencies” came along, followed by ICOs and things rapidly got… History Repeating? Why Ether’s Price Just Might Have Bottomed Out In cryptomarkets, history doesn’t repeat itself, but it does rhyme.

In light of ether’s emphatic and near 40 percent recovery in price since mid-September, we think the calls for an “ETH bottom” do have some merit.As it turns out, the current market structure of ETH against its BTC pair is very similar to that… Leave a Reply You must be logged in to post a comment.Search.

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