Be yourself; Everyone else is already taken.
— Oscar Wilde.
This is the first post on my new blog. I’m just getting this new blog going, so stay tuned for more. Subscribe below to get notified when I post new updates.
The Future Of Cryptocurrency in 2019 and Beyond
what is a 51% attack
A cryptocurrency is a digital currency that is created and managed through using sophisticated encryption strategies known as cryptography. Cryptocurrency made the leap from being an scholastic concept to (virtual) truth with the creation of Bitcoin in 2009. While Bitcoin brought in a growing following in subsequent years, it caught substantial investor and media attention in April 2013 when it peaked at a record $266 per bitcoin after rising 10-fold in the preceding two months. Bitcoin sported a market price of over $2 billion at its peak, but a 50% plunge quickly afterwards stimulated a raging dispute about the future of cryptocurrencies in general and Bitcoin in particular.
Bitcoin is a decentralized currency that uses peer-to-peer technology, which allows all functions such as currency issuance, transaction processing and confirmation to be carried out collectively by the network. While this decentralization renders Bitcoin free from federal government manipulation or interference, the flipside is that there is no central authority to guarantee that things run efficiently or to back the value of a Bitcoin. Bitcoins are produced digitally through a “mining” process that requires effective computers to fix complex algorithms and crunch numbers. They are presently produced at the rate of 25 Bitcoins every 10 minutes and will be capped at 21 million, a level that is expected to be reached in 2140.
Some financial analysts forecast a big change in crypto is forthcoming as institutional money enters the marketplace. Moreover, there is the possibility that crypto will be floated on the Nasdaq, which would further add credibility to blockchain and its uses as an option to traditional currencies.
The future outlook for bitcoin is the topic of much dispute. While the monetary media is multiplied by so-called crypto-evangelists, Harvard University Professor of Economics and Public Policy Kenneth Rogoff recommends that the “overwhelming sentiment” among crypto supporters is that the total “market capitalisation of cryptocurrencies might take off over the next 5 years, rising to $5-10 [trillion]”.
While the variety of merchants who accept cryptocurrencies has progressively increased, they are still very much in the minority. For cryptocurrencies to end up being more extensively used, they have to first gain widespread acceptance amongst consumers. Nevertheless, their relative complexity compared to conventional currencies will likely prevent most people, except for the highly adept.
If you are thinking about investing in cryptocurrencies, it may be best to treat your “investment” in the same way you would treat any other highly speculative venture. In other words, recognize that you risk of losing the majority of your financial investment, if not all of it. As specified earlier, a cryptocurrency has no intrinsic value apart from what a purchaser is willing to pay for it at a moment. This makes it extremely susceptible to huge price swings, which in turn increases the danger of loss for an financier.
A cryptocurrency is a digital currency that is created and managed through using sophisticated encryption strategies known as cryptography. Cryptocurrency made the leap from being an scholastic concept to (virtual) truth with the creation of Bitcoin in 2009. While Bitcoin brought in a growing following in subsequent years, it caught substantial investor and media attention in April 2013 when it peaked at a record $266 per bitcoin after rising 10-fold in the preceding two months. Bitcoin sported a market price of over $2 billion at its peak, but a 50% plunge quickly afterwards stimulated a raging dispute about the future of cryptocurrencies in general and Bitcoin in particular.
Bitcoin is a decentralized currency that uses peer-to-peer technology, which allows all functions such as currency issuance, transaction processing and confirmation to be carried out collectively by the network. While this decentralization renders Bitcoin free from federal government manipulation or interference, the flipside is that there is no central authority to guarantee that things run efficiently or to back the value of a Bitcoin. Bitcoins are produced digitally through a “mining” process that requires effective computers to fix complex algorithms and crunch numbers. They are presently produced at the rate of 25 Bitcoins every 10 minutes and will be capped at 21 million, a level that is expected to be reached in 2140.
Some financial analysts forecast a big change in crypto is forthcoming as institutional money enters the marketplace. Moreover, there is the possibility that crypto will be floated on the Nasdaq, which would further add credibility to blockchain and its uses as an option to traditional currencies.
The future outlook for bitcoin is the topic of much dispute. While the monetary media is multiplied by so-called crypto-evangelists, Harvard University Professor of Economics and Public Policy Kenneth Rogoff recommends that the “overwhelming sentiment” among crypto supporters is that the total “market capitalisation of cryptocurrencies might take off over the next 5 years, rising to $5-10 [trillion]”.
While the variety of merchants who accept cryptocurrencies has progressively increased, they are still very much in the minority. For cryptocurrencies to end up being more extensively used, they have to first gain widespread acceptance amongst consumers. Nevertheless, their relative complexity compared to conventional currencies will likely prevent most people, except for the highly adept.
If you are thinking about investing in cryptocurrencies, it may be best to treat your “investment” in the same way you would treat any other highly speculative venture. In other words, recognize that you risk of losing the majority of your financial investment, if not all of it. As specified earlier, a cryptocurrency has no intrinsic value apart from what a purchaser is willing to pay for it at a moment. This makes it extremely susceptible to huge price swings, which in turn increases the danger of loss for an financier.
Introduce Yourself (Example Post)
This is an example post, originally published as part of Blogging University. Enroll in one of our ten programs, and start your blog right.
You’re going to publish a post today. Don’t worry about how your blog looks. Don’t worry if you haven’t given it a name yet, or you’re feeling overwhelmed. Just click the “New Post” button, and tell us why you’re here.
Why do this?
- Because it gives new readers context. What are you about? Why should they read your blog?
- Because it will help you focus you own ideas about your blog and what you’d like to do with it.
The post can be short or long, a personal intro to your life or a bloggy mission statement, a manifesto for the future or a simple outline of your the types of things you hope to publish.
To help you get started, here are a few questions:
- Why are you blogging publicly, rather than keeping a personal journal?
- What topics do you think you’ll write about?
- Who would you love to connect with via your blog?
- If you blog successfully throughout the next year, what would you hope to have accomplished?
You’re not locked into any of this; one of the wonderful things about blogs is how they constantly evolve as we learn, grow, and interact with one another — but it’s good to know where and why you started, and articulating your goals may just give you a few other post ideas.
Can’t think how to get started? Just write the first thing that pops into your head. Anne Lamott, author of a book on writing we love, says that you need to give yourself permission to write a “crappy first draft”. Anne makes a great point — just start writing, and worry about editing it later.
When you’re ready to publish, give your post three to five tags that describe your blog’s focus — writing, photography, fiction, parenting, food, cars, movies, sports, whatever. These tags will help others who care about your topics find you in the Reader. Make sure one of the tags is “zerotohero,” so other new bloggers can find you, too.
The Life of Conrad 797 