Clif High explains why he won’t be publishing a Bare Naked Wealth report for December. In a nutshell, his data intercepted what he believes to be disinformation.
Video Description
Adults only – rough language about reports, history of 2017/2018 language pollution, BTC charts, projections based on current data (Dec 2018), Language issues, Woo-woo
I give Bix a lot of credit for digging into the matter of Brock Pierce. Right now, he is about the only one talking about it in Bitcoinland.
Great interview!
.
Not only that, people are leaving Facebook . . . Sources Dow plunges 1,500 points, S&P 500 now negative… by allbtc
Source: @AllBTC on Steemit.
I agree–Bitcoin Cash is the only fork that doesn’t contain Segregated Witness (SegWit) code. How long before more people realize that Blockstream isnt’ good for Bitcoin?
This is a work-in-progress… For now, these items are in no particular order, except for the first one. Credit goes to the members of the Cryptocurrency Collectors Club for providing many of these links.
– BTC Manager
– Bitcoin Exchange Guide
– Finance Magnates
– Forbes Magazine
– Is Ledger Nano Better than Trezor? (2018)
– Trezor vs. Ledger (2018)
– Trezor vs. Ledger Nano S vs. KeepKey (2017)
Source: Bitcoin for Newbies — Steemit
The first half of this episode provides excellent information about the people and technologies that led to the creation of Bitcoin.
Excerpt:
Triple entry accounting is an enhancement to the traditional double entry system in which all accounting entries involving outside parties are cryptographically sealed by a third entry. These include purchases of inventory and supplies, sales, tax and utility payments and other expenses. Placed side by side, the bookkeeping entries of both parties to a given transaction are congruent. A seller books a debit to account for cash received, while a buyer books a credit for cash spent in the same transaction, but in separate sets of accounting records. This is where the blockchain comes in: rather than these entries occurring separately in independent sets of books, they occur in the form of a transfer between wallet addresses in the same distributed, public ledger, creating an interlocking system of enduring accounting records. Since the entries are distributed and cryptographically sealed, falsifying them in a credible way or destroying them to conceal activity is practically impossible.
The companies using triple entry bookkeeping would derive two immediate benefits from adoption: First, since auditors could quickly and easily verify a large portion of the most important data behind the financial statements, the cost and time necessary to conduct an audit would decline considerably. Audits would still be necessary, but auditors could spend more time on higher risk areas such as internal control. Second, the integrity of a company’s financial statements would be essentially unassailable. Revenue and expense transactions could not be falsified if they required the encrypted signature of the counterparty in order to be accepted as valid. In the case of Bitcoin, transactions only occur when wealth is transferred, so there is no incentive and considerable cost associated with spurious activity. Taken together, both of these effects would have a strong positive effect on stock prices, borrowing rates, and a variety of other fundamentals.
Full article: Triple Entry Bookkeeping With Bitcoin — Bitcoin Magazine
It was a busy day in the cryptocurrency universe, yesterday . . .
