Every 10 minutes The Bitcoin Network holds a lottery for 6.25 Bitcoin (at least until the next halving). This lottery is often referred to as Bitcoin Mining. Bitcoin Mining is the process of using computational power to secure The Bitcoin Network. As s reward for using your computational power, the Bitcoin network rewards the winner with new Bitcoin and the fees from that block. While most miners join a mining pool you can mine by yourself in what is known as lottery mining. However, it is extremely rare to win the reward as a lottery miner. Even ASIC miners rarely win it. ... https://www.youtube.com/watch?v=xpu2oo5vpNs
Bitcoin Was Made For This Moment Video:
https://youtu.be/0dV63gZJyRI
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The Dollar has been the World Reserve Currency for well over 80 years now. And some think that that dominance could be coming to an end.
A World Reserve Currency is a currency that is widely used and held in the reserves of most other major countries. The dollar become the unofficial world reserve currency in 1944 during the Bretton Woods agreement. This agreement pegged 1 ounce of gold to $35. It then pegged the value of 44 other currencies directly to the dollar. This helped to keep the dollar as the ruling world reserve currency for nearly the next 100 years.
In 1971 Nixon ended the Bretton Woods agreement in a move that some think led to the beginning of the end for the dollar. This paved the way for the money printing that the federal reserve has done in recent decades. Due to this along with some instability in the United States, some countries have lost faith in the dollar.
China is the main country trying to take the place of the Dollar. It's no secret that China and The United States are rivals. Having a World Reserve Currency gives the issuing country a lot of power. That is power that China does not want The United States to have.
BRICS, a group of emerging economies including China, have also expressed interest in creating their own currency. Could this really be the death of the dollar or is it all just overhyped?
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5 Things Everyone Should Know About Bitcoin:
https://youtu.be/vi5Og9ukWQ8
The CryptoDad's video on the Keystone Pro:
https://www.youtube.com/watch?v=1WKdXudSmz0
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The Keystone Pro is an extremely underrated hardware wallet. In the crypto space wallets like the Ledger Nano X and Trezor get tons of publicity. But the Keystone Pro doesn't. It's a great wallet with lots of interesting features. It has a touch screen, fingerprint scanner, camera, and rechargeable battery.
It's also very secure. The Keystone Pro is an air-gapped wallet, which means it does not connect to any other device. Instead, it uses QR codes to sign Bitcoin and other crypto transactions. It also has a self-destruct mechanism that immediately wipes the device if anyone tries to get inside it.
Overall I would highly recommend the Keystone Pro for anyone wanting a safe, secure, and easy-to-use hardware wallet.
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The Bored Ape Yacht Club (BAYC) is one of the most popular NFT collections around. They became so popular that Yuga Labs, the creators of Bored Apes, decided to expand their brand. They started out by producing several new NFT collections, but after those were successful they wanted to take it further.
In 2022 Yuga Labs continued to expand its brand. First, they helped develop their own cryptocurrency ApeCoin, but that was only the start of their plans. They also wanted to do something a lot more ambitious, create a metaverse. They were able to successfully raise $450 million from investors to create their own metaverse. In March of 2022, they released a trailer to the public. Officially announcing the Otherside metaverse to the world.
The first trailer for the Otherside metaverse gained a lot of attention. Later in April, they would officially sell the first NFTs directly related to Otherside. These NFTs were plots of land known as Othedeeds. The initial sale of these Otherdeeds, while bumpy was extremely successful. Raising over 320 million dollars.
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Satoshi Nakamoto created Bitcoin back in 2009. Nearly a decade later his identity is still completely unknown. It's a miracle that Satoshi Nakamoto's true identity has been discovered, especially considering how large Bitcoin and crypto as a whole has gotten. In this video, we take a look at why and how Satoshi Nakamoto has been able to remain anonymous all of these years.
#money #crypto #bitcoin #education
Rai stones are a type of money that was used on the remote island of Yap. These stones were massive but weren't used very often. When a Rai stone did change owners the stone rarely ever moved. Instead, the stones were traded through oral tradition. Meaning the people of the island would just be made aware that the stone had a new owner. Rai stones are interesting as they put into question what money really is. They are often compared to Bitcoin as the way they function as money is somewhat similar.
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https://www.youtube.com/watch?v=GZDJ1wT4Xq4
#crypto #nft #investing
In this video, we'll talk about a picture of a rock that sold for $1.3 million.
Yes, really. In 2021 a project known as Ether rock had one of its NFTs sell for $1.3 million. Ether Rock was one of the first NFT projects and has become a collector's item. Even today the 100 Ether Rock NFTs still sell for several hundred thousand dollars.
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https://www.youtube.com/watch?v=tYCyzydu7sU
#bitcoin #crypto #technology
There are a lot of myths about who controls Bitcoin's code. Some say miners control the code, while others claim that the developers do. Neither is true. Due to its decentralization, everyone is able to control Bitcoin's code. Bitcoin acts like a democracy rather than a dictatorship. This allows Bitcoin to remain decentralized while still being able to update and change.
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https://www.youtube.com/watch?v=ikNduXSO_TQ
Check out my video on New Bing:
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GPT-4 was just released and will change how we use ChatGPT. GPT-4 is more creative and more accurate than its predecessor. This will allow it to be more helpful to those who use it. GPT-4 can also input and output up to 25,000 words. A substantial upgrade. It also has the ability to take photos as inputs. Meaning it can look at a photo of something and make sense of it. In the OpenAI live stream for the release of GPT-4 they showed how it could code a website purely based off of just an image.
GPT-4 really gives us a glimpse into our AI-dominated future.
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This man was paid 2.7 Million dollars to hold up a sign. In 2011 a man was offered 32 Bitcoins to stand on a busy street, in a funny hat, and hold up a sign. After he did this the "Bitcoin Blogger" posted about it on his blog. He also left the man's Bitcoin address up for anyone who wanted to donate to him for his efforts. People did donate and the man ended up receiving over 90 Bitcoins. Back then each Bitcoin was only valued at around .30 cents, but today they would be worth over $2,700,000
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https://www.youtube.com/watch?v=2Dwu-ZjrCIA