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.

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  • 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.

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  • 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.


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🏆Exchanges I use for trading crypto:

Binance
Kucoin 
Bittrex
Bitfinex
HitBtc 

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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

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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

 

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).”

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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.

ALT, ANN, TX, COIN vs TOKEN, AIRDROP & BOUNTY Explained.

In this post I’m going to break down the following terms:

  • ALT(COIN)
  • TOKEN Vs COIN
  • AIRDROP
  • BOUNTY
  • ANN
  • TX.

Starting with ALT which is short for Altcoin, which is short for Alternative coin. This is any cryptocurrency that is not Bitcoin – since Bitcoin was the first cryptocurrency of its kind, any cryptocurrency that is not Bitcoin is seen as an alternative, hence the term Altcoin. There are several thousand Alts at this point which you can see listed on CoinMarketCap.com (this is considered the main database for cryptocurrencies).

Ok, so what is the difference between a COIN and a TOKEN?

A coin is a cryptocurrency (a.k.a digital asset) that has its own blockchain and is independent of other blockchains or platforms.
The key feature of a coin is that of a currency is essentially used as a medium of exchange or even as a store of value such as Bitcoin.

Tokens, on the other hand, are cryptocurrencies that do not have their own native blockchain but are built as smart contracts on another platform like Ethereum, EOS, Tron, NEO, BNB Zilliqa and many more.
Unlike coins, tokens can serve utility functions – such as to give access to services, represent votes within a community or to denote storage capacity on decentralized cloud storage among others.

Moving on to AIRDROP – this is a free distribution of tokens/coins.
Usually happens after a project has completed its ICO and the token has become tradeable on the open market. There are several motivations for carrying out airdrops, from creating awareness and interest, to actually distributing the whole supply of coins/tokens.
A hard fork of a coin can also produce an airdrop of the newly formed coin.
Not sure what a Hard Fork is? Subscribe to this blog so you can catch the forthcoming post where I break down the types of forks and explain what they mean.

A BOUNTY (in cryptocurrency terms) is a reward offered to incentivize certain work, behavior (such as referrals or development) or completing random tasks. For example, a “bug bounty” is given to a person finding a bug on a company’s website or in a company’s product, etc.
Many start-ups offer bounties in the early stages of their development to people who can provide useful services like translating their white paper or websites, marketing campaigns, and other uses.

Ann is short for announcement and usually refers to an announcement of a new ICO, product or service on the forum Bitcointalk which is one of the main platforms for crypto discussion. and TX is basically an abbreviation indicating a Transaction.


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Ledger Nano X unboxing + complete set up guide (tutorial)

Ledger Nano are the most popular wallet device series to date. Their “S” model which was released in 2016 was the first hardware wallet that sold over 1 million units worldwide and now they come up with an upgraded version, the Nano X model which has some very cool improvements. It’s truly a One-Fits-All type of device and I’ll tell you what I mean by that.

For starters, it has Bluetooth connectivity and a mobile phone app that finally allows for a wireless connection on the go. I’ve been using mobile wallet apps like Coinomi and Jaxx for a while, purely to have the easy access to my coins when I’m travelling, but with this new device I will not need to rely on cloud wallet services anymore, I can simply have all my coins with me and access them from my phone while at the same time having the security of the best hardware storage on the market.

Another great new improvement is the capacity of the device. The previous model was only able to store up to 5-6 coin apps so I ended up using 3 of these devices for my alts but with the Nano X this is no longer the case. This new device can store up to 100 coins, there are 1100+ supported coins and tokens to choose from so that means you can store all of your crypto assets in one place. At last.

In addition to these cool new features, the Ledger Nano X has enhanced security chips (two of them) and their SE(secure element) is what protects your private keys and seed phrase – they never leave the device, so even with Bluetooth connection being at risk (some would argue that Bluetooth itself is not very safe to use) the fact is that every action needs to be confirmed on the device itself and this way there’s no danger of having your money sent without your approval.

Now, on to the actual setting up guide. Here is my video tutorial where I take you step by step through the process.

You can order your Nano X (or Nano S if you prefer) from HERE.

The application that you need in order to control the device and sync it is called Ledger Live and it’s available for both desktop computers and mobile devices. The link to download it is: https://shop.ledger.com/pages/ledger-live.

Other useful links to use are:

Ledger Support (setting up instructions)

Ledger Security Features explained.

List of all Supported Crypto Assets.

 

Bitcoin Pizza Day — the facts.

May 22nd is celebrated all around the world by the crypto community as Bitcoin Pizza day. Here is why.

Back in 2010 Bitcoin was still in its infancy and only known to a handful of cypherpunks who were mining bulks of without being able to do much with it yet. The white paper was released in 2008 and the first block was mined on 3-January-2009 but still, in 2010 there was no use case for it in the physical world and no merchants were accepting it yet.

This was about to change and one bold action was all it was needed.

On May 18th 2010 a user on Bitcointalk (the early forum for crypto enthusiasts) known as Laszlo, made an offer to pay 10 000 Bitcoins for a couple of pizzas, just to be able to say that he bought something with Bitcoin. (see original post below)

you can find the original post here

After a few days of deliberation on the forum someone agreed to take him on his offer. The trade happened and on 22nd May 2010 Laszlo posted this, confirming that the first-ever transaction of Bitcoin for physical goods has been successful.

Even at that time, this seemed like a very generous offer as it amounted to $41 at the time, but very soon Bitcoin started gaining popularity and hence the price updates began. People were astonished by the value of these pizzas rising to what seemed astronomical levels, one user feeling sick over the figure of $70 000 back in 2011 and another one joking if this could one day be the first million dollar pizza… (well, technically two pizzas…)

Well, the year is now 2019, Bitcoin just went back to $8000 (although at its peak it had reached $20 000) so how about $800 000 000 actually? That’s 800 million US dollars for 2 pizzas as of this week.
Hard to comprehend, isn’t it?

Surely these will one day be the billion dollar pizzas and I hope this day comes soon for all of us who are involved with crypto and Bitcoin in particular.

Enjoying this content? Why not check out my my weekly video podcast Crypto Corner on my YouTube channel or my Instagram Page where you will find load of more informative and educational videos about crypto and Bitcoin.

 

Blockchain-based Domains : decentralized, private, censorship-resistant

This week I met with the co-founder of a brand new service that is making a lot of buzz with the crypto community right now. And for a good reason.

Imagine having your own name (or brand name) domain that is way more private and secure than the .com or whatever else we are currently using and on top of that people can send you crypto payments directly to that name instead of the long wallet addresses that we currently use.

How cool is that?

And we’re not talking about a hypothetical scenario here, it is actually a service that is already here and about to go live in June 2019.

This is why I see a new “gold rush” into these (not yet launched) domains with thousands of crypto users trying to secure their own personalized (or branded) domains and some even bidding for those trademarked domains that can later be sold for the big bucks.

But that isn’t what I think is the unique selling point of this service. I personally want to have a branded website name that my customers can use not just to access my services but also to pay me to that same website name.

The service is built via smart contacts on the Zilliqa Blockchain (scalable, smart-contracts enabled blockchain platform that allows creation of Dapps) so their first extensions are .zil and there’s already rumours of more being added later down the line.
For example, I will not need to send you my long alphanumerical wallet address anymore, I can just send you my ‘laptoplife.zil’ website (I just registered that one) or my ‘bitcoincoach.zil’ and you choose which cryptocurrency to pay me with. I also don’t have to provide “whois” information to anyone when registering these domains, neither do I have to worry that my phone number will be publicly displayed if I refuse to pay the extra bucks for privacy that GoDaddy and the rest of the DNS services are currently charging us on top of our domain fees.
The price I paid for each of my domains was $5 (paid for two years upfront, so that means $10 per domain, which is much cheaper than what I am charged by Godaddy or Netfirms for my other domains).
And this is precisely why I went on to order 7 domains already, not just one or two, I actually will migrate most of my content to these domains over the next year and will completely abandon the current centralized services I use (except for my main website which is already shared too much to cancel it).
Being a brand new service (not yet launched) I did have some questions that I needed answered, which is why I approached their co-founder Bradley Kam for this interview you can see here.
All in all, at the low cost and great privacy and use-case features, this is an opportunity not to be missed.

To order your own personalized, secure domain go here. 

 

 


If you haven’t yet ordered your hardware wallet, I also strongly recommend the Ledger device which is my top choice for cold storage for my Bitcoin, Ethereum, Ripple and many other alt coins. I have tutorials about it on my YouTube channel and you can order your device from the image below.Ledger Nano S - The secure hardware wallet

Free CRO airdrops – How to get them

CRO token soars by 460% in the last 30 days (at the time of writing) and shoots to #24 in ranking (according to marketcap). Here’s how I got them for FREE.CRO

For the past few months I have been receiving these monthly airdrops of a new token called CRO. It is courtesy of Crypto.com which is the company behind the (very popular) Monaco card and their native token MCO. I reported about the card a few months ago when I met with their CEO Kris Marszalek at a blockchain conference in Malta and now I want to shed some light on their new token which you can also get for free (if you are a hodler of the MCO token of course).

Basically, Crypto.com is a developing payments platform that aims to maximize crypto adoption through multiple payment channels including Visa cards. It aims to provide zero fees have developed a platform to purchase and trade crypto from your phone. Additionally, their crypto wallet has cash-back features and a Visa card powered by the MCO token. The development of the Crypto.com Chain also includes the creation of the Crypto.com Chain Token (CRO) — that will enable cross-asset intermediary currency settlement.

The reason I am so excited by getting their new token (CRO) is the fact that it’s being airdropped at the beginning of EVERY MONTH because I do hodl MCO and I have been a fan since 2017. I was keeping the tokens in my Bittrex trading account and in Jaxx wallet for quite some time….until I found out about the airdrops. At that point I downloaded the app on my phone and moved all my tokens there so I can take advantage of this great deal. You can find out all the details about this on their help-page but  to cut it short, you every month, 166,666,666 CRO will be awarded to Crypto.com Wallet App MCO token holders based on their MCO token ownership relative to the MCO token Total Supply.

Currently that means for every 10 MCO you hodl, you receive 52.76 CRO and with their strong community, these tokens are quickly becomming a hot property week after week.

In the past month alone, the CRO token has swelled by more than 400% (as you can see from my screenshot above) and I know that in two weeks from now I’m getting the next month’s airdrop, so my holdings increase yet again.

I have been using the Crypto.com Wallet & Card App to buy, sell, track and send crypto. It comes together with a no-annual-fee metal MCO Visa Card and some great perks like cashback and airport lounge access.

Interested? Hear this: to get you started, I am sending you a sign-up bonus of $20.00 so go ahead and download the app by using my referral link https://platinum.crypto.com/r/i596zgv11f  ( you’ll see my referral code: i596zgv11f on the signup page) and claim your bonus.

This limited offer is on a first come first serve basis, it will not be open indefinitely.

You can purchase MCO tokens from the app or from any of the exchanges on this list:

mco-2

Alternatively, like many others, you can simply just buy the CRO tokens directly, if hodling MCO is not to your taste. I personally believe in the growth of that token, so I have no problems hodling it for coming year or more. I’ve had it for the past 2 years and it’s one of a few tokens that I see as a long-term holdings, but that’s me.

Good luck and enjoy the free airdrops. They come on 5th of each month…until supply is diminished.

Oh and last thing before I finish this article, here’s a screenshot of my airdrops in case you aren’t sure if this is for real. As you can see, I was adding more MCO so my airdrops increased every time.


Wondering which offline, hardware wallet I am most fond of? No doubt it is the Ledger Nano S and now eagerly waiting for their newest device – Ledger Nano X with support for over 200 different tokens and coins. You can check out my tutorials about it and order yours here:

Ledger Nano S - The secure hardware wallet