By KDW

by KDW - 2018 years ago

A glimpse into the past

Some newbies might be getting concerned with the recent price action, so I went back to the beginning of bitcoin's trading to get the rally-high to crash-low re-tracements in price to get an average price re-tracement. -May 2011 high of $32, to the Nov 2011 low of $1.99 (crash of 93%) -April 201...

by KDW - 2018 years ago

The market is waiting for the other shoe to drop but it's not going to drop.

The remaining 160K MtGox coins will never appear on the market. Once the judge allows MtGox to enter Civil Rehabilitation the remaining 160K btc will not be governed by bankruptcy law which required cash payouts to claimants. The remaining bitcoins are merely corporate assets that must be returned t...

by KDW - 2018 years ago

Bitcoin is digital gold and the LightningNetwork uses cryptographically secured and trustless “IOU’s” as a medium of exchange backed by bitcoin, for efficiency. Like when paper money was backed by gold in 1844. But this time no one can suddenly take the g

Edit: Yikes, this blew up a little and I’m being hit from all angles about why I’m wrong. I probably shouldn’t have used the term “IOU” cause it insinuates debt, as well as there being counter party risk. My point is that it’s like having the most trusted and secure IOU in the world, because it’s no...

by KDW - 2018 years ago

Is Bitcoin.com hijacking the Bitcoin brand?

I have a riddle for everyone: Bitcoin is a common word, so it contains the intrinsic value created by the expectation of the community. Can someone build a brand integrating just this word (bitcoin.com), even using a copy of the original Bitcoin Logo and then claim it is his brand? His creation?!...