Top Facts about Bitcoin on its 11th Anniversary.

It’s 31 October 2019 and today marks exactly 11 years since the release of Bitcoin’s whitepaper by Satoshi Nakamoto. On this day in 2008 the first cryptocurrency was conceived and it created a monumental shift in the way we perceive the future of money and provided a revolutionary new direction for resisting censorship from the corrupt central banking system that has been ruling over our lives for over a century.

Indeed, censorship resistant ownership of one’s capital is a giant leap for anyone who’s ever been a victim of unfair seizure of their funds by the authorities and there are many an example of such abuses of power throughout the years across the world and even though most people today see Bitcoin and other cryptocurrencies mainly as means to become rich quick, the true essence of this new asset class lies in the fact that it provided a real opportunity to combat the dangers of  having one’s capital taken away from them.

I don’t want to undermine the fact that Bitcoin did create hundreds of millionaires throughout the past decade and continues to do so, nor do I try to oppose the concept of shifting power and capital from the centralised banking system back to the common folk. This was all very beneficial to everyone who was bright enough to enter this space in the early years and especially to those risk-takers who believed in the power of the digital currency from the early days when it was in its infancy and the rest of world was completely dismissive of it (myself included in those sceptics), so let’s take a moment and reflect on what we have achieved in the past 11 years.

Here are just a handful of examples of what Bitcoin managed to bring to the world and why this (still hugely volatile) digital currency is so important to the world and everyone who is involved in its network.

Blockchain-Bild

  • Blockchain – possibly the biggest and most widely recognised invention that Bitcoin brought to the world is the creation of a decentralised, independently shared and publicly accessible and verifiable record of data that is immutable and resistant to censorship or control from any one entity.
    There have been many nay-sayers and sceptics of Bitcoin but even the hardest opposition to crypto, such as the central banking system, admits that Blockchain technology is the future and recognise it as one of the greatest innovations of our time.

 

  • The first Bitcoin transaction in the real world was for 2 pizzas on May 22 2009 which became known as Bitcoin Pizza Day. The guy who wanted to be known as the first person to buy something with Bitcoin paid 10 000 bitcoins for the pizzas which today comes to about 93 million US dollars.

 

  • Bitcoin has created more millionaires than any other asset in the past decade. The exact number is not recorded but it’s a fact that there are even a handful of billionaires created by investments in Bitcoin.

100685077-GettyImages-167578473

  • Over the past decade we managed to mine more than 85% of the total bitcoin supply which is capped at 21 million coins. Today the circulating supply amounts to 18,022,262 coins produced by 601,794 blocks according to coinmarketcap.

 

  • Bitcoin’s network consists of thousands of computers worldwide is more powerful than the world’s top 5 supercomputers combined. It has never been hacked and is fully decentralised.

 

  • It took 4 years for bitcoin to go from $0 to $1000 and less than 1 year to jump from $1000 to $20 000 (back in 2017). Since then the price has corrected and we experienced a downtrend in 2018 but things picked up again and the $20k price tag is once again within reach in the foreseeable future.

 

  • Bitcoin’s produce is halved every 4 years and although we have already mined the majority of it, it will take us another 100+ years until we mine the last satoshi.

roi-stocks-btc

  • In its decade of existence bitcoin has outperformed every other stock or asset in the world in terms of price appreciation, surpassing even the value of Gold and Silver and bringing in much higher Return of Investment to its hodlers.

 

  • The term HODL was born by a simple mistake in a drunken post on a Bitcoin forum and it became a worldwide acronym used by everyone, even mainstream media.

 

  • The smallest spendable denomination of Bitcoin is called a “satoshi” in reference to its creator and this month the term was added to the Oxford English Dictionary. The term “bitcoin” was already added to the dictionary back in 2014 and was defined as: “a digital currency in which transactions can be performed without the need for a central bank.”

 

  • Bitcoin gave birth to a whole new industry called cryptocurrencies and today there are more than 2000 of them, many of which are trying to add new use cases and go beyond the monetary use of bitcoin.

 

  • There are currently 9255 public nodes running on the Bitcoin network. (at the time of writing, but this number is changing daily.)

 

  • The price of Bitcoin is by far the biggest catalyst in its popularity amongst the retail investor and to date it’s price appreciation comes to a whopping +292,635.11% since its conception.

 

If you liked this article, consider following this blog and leave a comment below. I would like to hear your thoughts on Bitcoin and whether you are a fan or a sceptic.
I also run a YouTube channel where I post various content related to cryptocurrencies and blockchain technology.


🚩My book “Crypto Jargon A to Z” – the most comprehensive dictionary to date is out now.

Over 700 definitions of terms, acronyms and all the crypto slang people use in their market analysis, blogs and media articles related to blockchain technology and cryptocurrencies.
Grab your copy today: www.ojjordan.com/cryptojargon

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=== ===

🏆Exchanges I use for trading crypto:

Binance
Kucoin 
Bittrex
Bitfinex
HitBtc 

=== ===

Where I buy crypto:

BitPanda (Europe)
Cex (Global)
Coinmama (Global)
Changelly (good for instant coins swaps)(Global)
Payeer (Europe, Asia, alternative to paypal)
Bitfinex 
Coinbase (USA, EU, Africa) Get $10 worth of Bitcoin on your first $100 crypto purchase with this link: http://bit.do/coinbase_join

=== ===

Where I store my crypto

  • Ledger Nano – the best hardware wallet (offline storage)
  • Trezor – also one of the best wallets out there.
  • Exodus – desktop wallet
  • Coinomi – mobile phone wallet with instant coin swap feature
  • Crypto.com – mobile wallet and exchange

Ledger Nano X - The secure hardware wallet

 

How to prepare for the next Bull Run…

I discuss the crypto markets and this time I am talking about the coming bull market and how to diversify a little so that you can get full advantage of the price appreciation that will follow soon.

I just posted the latest episode of Crypto Corner – the video podcast where I discuss the crypto markets and this time I am talking about the coming bull market and how to diversify a little so that you can get full advantage of the price appreciation that will follow soon. Take a look.

=== ===

🏆Exchanges I use for trading crypto:

Binance
Kucoin 
Bittrex
Bitfinex
HitBtc 

=== ===

Where I buy crypto:

BitPanda (Europe)
Cex (Global)
Coinmama (Global)
Changelly (good for instant coins swaps)(Global)
Payeer (Europe, Asia, alternative to paypal)
Bitfinex 
Coinbase (USA, EU, Africa) Get $10 worth of Bitcoin on your first $100 crypto purchase with this link: http://bit.do/coinbase_join

=== ===

Where I store my crypto

  • Ledger Nano – the best hardware wallet (offline storage)
  • Trezor – also one of the best wallets out there.
  • Exodus – desktop wallet
  • Coinomi – mobile phone wallet with instant coin swap feature
  • Crypto.com – mobile wallet and exchange

Ledger Nano X - The secure hardware wallet

🚩My book “Crypto Jargon A to Z” – the most comprehensive dictionary to date is out now.

r_5z9VFhAGXB4lkIiOver 700 definitions of terms, acronyms and all the crypto slang people use in their market analysis, blogs and media articles related to blockchain technology and cryptocurrencies.
Grab your copy today: www.ojjordan.com/cryptojargon

MERO Currency rebrands to BTCT. Token swap on NOV 20th.

Mero (MRO) Currency token holders beware: there will be a re-branding of MERO taking place on November 20 (2019)

Mero (MRO) Currency token holders beware: there will be a re-branding of MERO taking place on November 20 (2019) and all token holders will be required to swap their current ERC20 tokens for the new, mineable tokens named Bitcoin Token (BTCT).

I can only assume that this re-branding has to do with the falling popularity of the Mero token which started as a deflationary token and made some buzz in the airdrop-loving crypto community. The token was given mainly in the form of airdrops and bounties and it had a potential of price appreciation which sadly did not come to fruition.

The project developers had in mind that the token could switch to a mine-able coin some time in the future and as we see, this is going to happen on November 20th.

Currently you can exchange MRO tokens on these three exchanges:

Should you care to go for the token swap, you will receive the new tokens on 10:1 ratio and only one exchange is in charge with this token swap (for now). That exchange is Altilly.

Here is the official announcement as seen on the BTCT medium page:

“Dear MRO Token Holders,

We are excited to announce a consensus amongst the developers of Mero Currency that we are re-branding and moving to our own hosted blockchain. MRO will be rebranding to BTCT (Bitcoin Token).

When will the swap take place?

This swap will take place on November 20th, 2019. The swap will be automatic on the Altilly platform chaning all MRO to BTCT at a ratio of 10:1. We believe this is fair value as the Bitcoin Token blockchain will have more value being a minable coin.

The old contract address for MRO is: https://etherscan.io/token/0x6ff313fb38d53d7a458860b1bf7512f54a03e968

Important Note and Advise!

Please We Advice each and Everyone of you to make sure your MRO Tokens are moved from your Private wallet to Altilly Exchange well ahead of the swap time. Note, any tokens left after Nov 20th in coinomi, mew or any other exchange will not be able to be swapped for BTCT.

We are excited that this move will garner more value for your investment as well as enable more community involvement and developer involvement in the project.

We are giving all MRO token holders time to move their tokens to a centralized exchange (Altilly) where the swap will take place.

P.S. In light of this change we are slowly starting to re-brand our social profiles (TelegramTwitterGithub) to the new Bitcoin Token branding (BTCT).”

Annotation 2019-10-28 141136

I hope this news comes to you just in time to take action. The MRO price surged shortly after this announcement but that was short-lived. You can choose to sell your tokens in the build-up to the token swap or join the Altilly exchange and move your coins there so that you can get the automatic token-swap. I personally will sell. Either way, it is important that you do not keep our MRO tokens in Coinomi (the wallet that was originally recommended for MRO hodlers) because after Nov 20th, you will not be able to swap them from there, so take action asap.

The website of Bitcoin Token is now live, you can check it out here.

Regulators go HARD on Crypto, Another Exchange Liquidated, ‘Satoshi’ added to Oxford English Dictionary | CC#78

The Crypto Corner Video Podcast Ep:78
Hosted by OJ Jordan, serving you the latest news commentary, market analysis and interviews with industry professionals.

The Crypto Corner Video Podcast Ep:78

Visa, Mastercard, Stripe, eBay and Mercado Pago exit the Libra Association

U.S. Treasury Secretary Steven Mnuchin said backers of Facebook’s cryptocurrency Libra dropped out of the project over concerns that the stablecoin project would not meet regulatory standards.

Speaking on CNBC, Mnuchin said that if Libra wouldn’t meet US money-laundering standards via the Financial Crimes Enforcement Network, it could open them up to enforcement actions.

“I think they realized that they’re not ready, they’re not up to par,” Mnuchin said. “And I assume some of the partners got concerned and dropped out until they meet those standards.”

The withdrawals were followed by a draft report from the G7 working group on the global stablecoins, evaluating projects like Libra as a potential threat to the international financial stability due to regulatory challenges. These challenges are in fact the central banks manipulation to suppress competition and not really about protecting customers I must say. The Libra cryptocurrency payments project is shaking up central banking, according to the head of Sweden’s central bank which is also working on creating e-krona in the near future .
Speaking on CNBC Riksbank governor Stefan Ingves said the Facebook Libra project has been an “incredibly important catalytic event” forcing central bankers to reconsider their primary product: money.


SEC, CFTC, FinCEN Warn Crypto Industry to Follow US Banking Laws

The heads of three U.S. financial regulators warned the cryptocurrency industry to abide by banking laws in a joint statement published Friday.
The statement, signed by Commodity Futures Trading Commission (CFTC) Chairman Heath Tarbert, Financial Crimes Enforcement Network (FinCEN) Director Kenneth Blanco and Securities and Exchange Commission (SEC) Chairman Jay Clayton, “reminds” actors in the crypto space that they must comply with various banking and financial services laws in the U.S., regardless of what they call their cryptocurrencies or tokens.
reported by Coindesk


Hacked Crypto Exchange Cryptopia, Gets Liquidated; Sold Assets Will Help In Repaying Traders

Cryptocurrency exchange Cryptopia suffered a business-ending hack earlier this year when cybercriminals looted the firm of more than $16 million worth of Ethereum and ERC-20 tokens.

The hack continued for several days after the breach was discovered as it appears Cryptopia lost access to wallets. Part of the stolen funds that were transferred to Binance, the world’s leading crypto exchange by volume, has been frozen. It is still unknown how the exploit was carried out, or by whom, as the investigation by New Zealand police and international authorities continues.

When the hack was discovered the Company closed the exchange for trading. The Company then decided to reopen the exchange for the trade of certain crypto-assets in March 2019 and continued to trade through to the date of Liquidation. However, trade volumes were insufficient for the Company to meet its debts as they fell due and it was decided the appointment of liquidators was in the best interests of customers, staff and other stakeholders.

A report by Cryptopia’s liquidator, Grant Thornton, Cryptopia still owes its creditors a total of $4.22 million.


Poloniex delists 6 coins

Trading for Pascal (PASC), Steem (STEEM), Navcoin (NAV), GameCredits (GAME), LBRY Credits (LBC), and Clams (CLAM) has permanently disabled on Poloniex. Please withdraw any balances in these assets prior to the dates below.

October 28th at 16:00 UTC: LBC withdrawals will be permanently disabled.
November 15th at 16:00 UTC: PASC, STEEM, NAV, GAME, and CLAM withdrawals will be permanently disabled.


Next Bitcoin Halving Is 211 Days Away; With Smaller Miners Pushed Out How Will BTC Price React?

Bitcoin is about to halve its rewards soon and the crypto community is speculating about what will happen. After the two first halvings, which occurred in 2012 and 2016, another one is being expected for 2020. Both times that the rewards were halved before marked the beginning of a bull run that took the network to new highs.

Last week, several miners reunited at the World Digital Mining Summit, which was organized by Bitmain in Frankfurt. During the event, the co-founder of Bitmain, Jihan Wu, seemed pessimistic about the halving.

Wu pointed to Litecoin, which had it’s rewards halved some weeks ago. The price of the asset went down, not up. Litecoin’s price went from $31 to $135 USD during the year and then fell again to $57 USD after the halving. Could something similar happen to Bitcoin?

He also affirmed that people didn’t know what to expect during the first and second halving, but now people are betting that the price will go up. If it does not, there is a big possibility that the market sentiment may turn sour.

Another reason why this might be bad news, is that several ASIC miners will not be profitable to use anymore. The Antminer S9, for instance, was a very popular model, but it is barely able to make a profit now, so after the halving, the situation might become worse.


Satoshi, bitcoin’s smallest unit, is now added to Oxford English Dictionary

The Oxford English Dictionary (OED), published by the Oxford University Press, has officially added the word “Satoshi” to its database. The decision was made as part of a quarterly update this month.

The OED defines Satoshi as: “The smallest monetary unit in the Bitcoin digital payment system, equal to one hundred millionth of a bitcoin.”

The announcement follows the December 2014 update that saw “bitcoin” added to the respected resource. It defines bitcoin as “a digital currency in which transactions can be performed without the need for a central bank.”

In the latest quarterly update, the OED has also added the word “cryptocurrency” to its database, reports yahoo finance.

=======================

Be your own BANK with the best hardware wallet devices: Ledger Nano S or X series or Trezor One or Trezor Model T – these are the best devices on the market and I have reviewed them and posted tutorials on setting up and other key features.


r_5z9VFhAGXB4lkIi

🚩My book “Crypto Jargon A to Z” – the most comprehensive dictionary to date is out now. Over 700 definitions of terms, acronyms and all the crypto slang people use in their market analysis, blogs and media articles related to blockchain technology and cryptocurrencies.
Grab your copy today.

💻Connect with me on social media:

►Instagram: https://www.instagram.com/busyjordy
►Twitter: https://twitter.com/busyjordy
►Facebook: https://www.facebook.com/busyjordy
►Linked In: https://linkedin.com/in/ojjordan

=== ===

Where I buy crypto:

►BitPanda (Europe) http://bit.do/bit-panda
►Cex (Global) http://bit.do/c-io
►Coinmama (Global) http://bit.do/coinma
►Changelly (good for instant coins swaps)(Global) http://bit.do/changelli
►Payeer (Europe, Asia, alternative to paypal) http://bit.do/payeer-join
►Kraken (Global) https://www.kraken.com/
►Coinbase (USA, EU, Africa) Get $10 worth of Bitcoin on your first $100 crypto purchase with this link: http://bit.do/coinbase_join

=== ===

Make sure you leave a comment below (and a ‘like’) Thank you!
All Rights Reserved ©️ojJordan2019

New Tether Fraud Case |‘Libra’ Hard-Fork |UNICEF Crypto Fund & more |CRYPTO CORNER ep77

Crypto-related news and commentary with OJ Jordan

The Crypto Corner Video Podcast Ep77
Relevant Links from this episode:
📄https://news.bitcoin.com/tether-created-largest-bubble-in-human-history-claims-lawsuit-against-bitfinex/
📄https://www.cryptoknowmics.com/news/bitcoins-block-size-too-big-says-blockstreams-samson-mow
📄https://www.cryptonewsz.com/unicef-announces-cryptocurrency-fund-to-support-children-and-young-people/45555/
📄https://www.coindesk.com/bitfinex-says-it-shouldnt-have-to-collect-documents-for-nyag-during-appeal
📄https://www.cnbc.com/2019/10/09/libra-association-loses-interim-managing-director.html
📄https://tether.to/tether-anticipates-meritless-and-mercenary-lawsuit-based-on-bogus-study/

r_5z9VFhAGXB4lkIi🚩The book “Crypto Jargon A to Z” is the most comprehensive dictionary to date. Over 700 definitions of terms, acronyms and all the crypto slang people use in their market analysis, blogs and media articles related to blockchain technology and cryptocurrencies.
Grab your copy today: http://www.ojjordan.com/cryptojargon

💻Connect with me on social media:

►Instagram: https://www.instagram.com/busyjordy
►Twitter: https://twitter.com/busyjordy
►Facebook: https://www.facebook.com/busyjordy
►Linked In: https://linkedin.com/in/ojjordan

=== ===

Where I buy crypto:

►BitPanda (Europe) http://bit.do/bit-panda
►Cex (Global) http://bit.do/c-io
►Coinmama (Global) http://bit.do/coinma
►Changelly (good for instant coins swaps)(Global) http://bit.do/changelli
►Payeer (Europe, Asia, alternative to paypal) http://bit.do/payeer-join
►Kraken (Global) https://www.kraken.com/
►Coinbase (USA, EU, Africa) Get $10 worth of Bitcoin on your first $100 crypto purchase with this link: http://bit.do/coinbase_join

=== ===

🏆Exchanges I use for trading crypto:

►Binance http://bit.do/B1NANCE
►Kucoin http://bit.do/ku-coin
►Bittrex bittrex.com
►Bitfinex bitfinex.com
►HitBtc http://bit.do/hit-btc

=== ===

🔑My Top hardware Wallet for Crypto is Ledger Nano X (offline wallet/cold storage) – http://bit.do/ledgerNano
here’s my tutorial on How to set it up – https://youtu.be/lHzFY4ucTYQ

=== ===

💎Best Wallets with instant-exchange features:
►Coinomi : https://coinomi.com
►Coinpayments : http://bit.do/coinpaymentss
►Exodus : https://www.exodus.io

=== ===

The information contained in this video is for informational purposes only. Nothing herein shall be construed to be financial or legal advice. The content of this video reflect solely my own opinions. Purchasing cryptocurrencies poses considerable risk of losses.

This information is what was found publicly on the internet. This information could have been doctored or misrepresented by the internet. All information is meant for public awareness and contains what is already in the public domain. Please take this information and do your own research.

Make sure you leave a comment below (and a ‘like’) Thank you!
All Rights Reserved ©️OJJordan2019

McAfee DEX Launch|Paypal exits Libra| |CRYPTO CORNER ep76

Crypto-related news and commentary with OJ Jordan

The Crypto Corner Video Podcast Ep76
Links from this episode:

r_5z9VFhAGXB4lkIi🚩The book “Crypto Jargon A to Z” is the most comprehensive dictionary to date. Over 700 definitions of terms, acronyms and all the crypto slang people use in their market analysis, blogs and media articles related to blockchain technology and cryptocurrencies.
Grab your copy today: http://www.ojjordan.com/cryptojargon

💻Connect with me on social media:

►Instagram: https://www.instagram.com/busyjordy
►Twitter: https://twitter.com/busyjordy
►Facebook: https://www.facebook.com/busyjordy
►Linked In: https://linkedin.com/in/ojjordan

=== ===

Where I buy crypto:

►BitPanda (Europe) http://bit.do/bit-panda
►Cex (Global) http://bit.do/c-io
►Coinmama (Global) http://bit.do/coinma
►Changelly (good for instant coins swaps)(Global) http://bit.do/changelli
►Payeer (Europe, Asia, alternative to paypal) http://bit.do/payeer-join
►Kraken (Global) https://www.kraken.com/
►Coinbase (USA, EU, Africa) Get $10 worth of Bitcoin on your first $100 crypto purchase with this link: http://bit.do/coinbase_join

=== ===

🏆Exchanges I use for trading crypto:

►Binance http://bit.do/B1NANCE
►Kucoin http://bit.do/ku-coin
►Bittrex bittrex.com
►Bitfinex bitfinex.com
►HitBtc http://bit.do/hit-btc

=== ===

🔑My Top hardware Wallet for Crypto is Ledger Nano X (offline wallet/cold storage) – http://bit.do/ledgerNano
here’s my tutorial on How to set it up – https://youtu.be/lHzFY4ucTYQ

=== ===

💎Best Wallets with instant-exchange features:
►Coinomi : https://coinomi.com
►Coinpayments : http://bit.do/coinpaymentss
►Exodus : https://www.exodus.io

=== ===

The information contained in this video is for informational purposes only. Nothing herein shall be construed to be financial or legal advice. The content of this video reflect solely my own opinions. Purchasing cryptocurrencies poses considerable risk of losses.

This information is what was found publicly on the internet. This information could have been doctored or misrepresented by the internet. All information is meant for public awareness and contains what is already in the public domain. Please take this information and do your own research.

Make sure you leave a comment below (and a ‘like’) Thank you!
All Rights Reserved ©️OJJordan2019

20 Facts about Bitcoin you need to know

Here are 20 things about Bitcoin that every investor and crypto enthusiast should know.

This is a video I published some time ago on my Youtube channel where you will find tons of great crypto content so make sure you check out the other videos there. I also run a regular video show called Crypto Corner and you can get up to date news and my analysis if you subscribe (and don’t forget to notification bell so you get alerts when I post new episodes.)

Other posts you might like:

Bitcoin Pizza Day  – what you should know about it.

What do these mean? HODL, FOLD, BUIDL, TLT, BTD, BTFD, BTDSTP & BTRSTN explained

To keep up to date with the latest crypto news check out my “Crypto Corner Daily” (ePaper) – http://bit.ly/2HaC1c7

If you are new to Bitcoin, Ethereum or crypto in general, you might find it hard to get your hands on some at first so here is a list of the most popular websites to buy crypto:

►Coinbase (USA, EU, Africa) Get $10 worth of Bitcoin on your first $100 crypto purchase with this link: http://bit.do/coinbase_join

►BitPanda (Europe) http://bit.do/bit-panda

►Cex (Global) http://bit.do/c-io

►Coinmama (Global) http://bit.do/coinma

►Changelly (good for instant coins swaps)(Global) http://bit.do/changelli

►Payeer (Europe, Asia, alternative to paypal) http://bit.do/payeer-join

►Kraken (Global) https://www.kraken.com/

🏆 Popular Exchanges for trading

►Binance http://bit.do/B1NANCE

►Kucoin http://bit.do/ku-coin

►Bittrex bittrex.com

►Bitfinex bitfinex.com

►HitBtc http://bit.do/hit-btc

💎Best Wallets with instant-exchange features:

►Coinomi : https://coinomi.com (android mobile app)

►Coinpayments : http://bit.do/coinpaymentss (website)

►Exodus : https://www.exodus.io/ (desktop app)

🔑My Top hardware Wallet for Crypto Ledger Nano S supports all the crypto assets that represent 90% of the total market cap? (hardware, offline wallet) : http://bit.do/ledgerNano
also, check out my tutorial on How to set it up: https://youtu.be/c8e63ZNqdLQ

Ledger Nano X - The secure hardware wallet

 

💻Find me on social media:

►Twitter : https://twitter.com/busyjordy

►Linked In: http://www.linkedin.com/in/ojjordan

►Instagram : https://www.instagram.com/busyjordy