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I read the entire Bitcoin whitepaper so you don't have to (but you should!)

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Hey all! So what is in the Bitcoin whitepaper?It is supposed to be a "Peer-to-Peer Electronic Cash System". It's a system meant for payments and exchanging value.IntroductionThis is the rationale of the whole thing: third parties seek rent on your transactions, so lets cut them out, so that transactions are cheap. They are also irreversible, so merchants/services are more protected in this system.This is achieved by combining a chain of digital signatures with computing power invested into proof of work.\2. TransactionsThis is the first half of the equation.Say you own a coin. To spend it you need to digitally sign, with your private key, that you want to spend it.This ensures a number of desirable properties. No one other than you can spend your coin. The coin can't be spent twice.\3. Timestamp ServerEvery 10 minutes or so the system as a whole batches the transactions that happened in those minutes into a block and finalizes them. None of the transactions that are
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Old people have always been afraid of new tech

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Crypto is still pretty fresh considering it's been around for a decade. New payment solutions are being developed on different block-chains as we speak and people are still finding new ways to use the tech.Is there something history have learned us, is it that old people have always been sceptical about new tech. Back when internet arrived. They said it would never gain momentum and will be gone in a short period of time. They said the same about email as well. It was too complicated and difficult to use.I dont believe crypto is any different for these old and outdated leaders. It's always been like this. They dont do the research. When the tech gain momentum it often change our very way of how we connect with each others.I still believe crypto is just getting started. We have only seen fractions of the potiential of crypto so far. via /r/CryptoCurrency https://ift.tt/3y3pfXI
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Arguments for the pros of blockchain and crypto

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So I was reading a post over on /r/programming and it was just ripping into blockchain tech/crypto, and pretty much every comment on there was full if the same sentiment. Mainly saying it has no use cases, its all a big scam, the blockchain doesn't actually serve a purpose, its killing the planet etc.Thing is I've seen this same kind of post over and over on other subs, be in finance, tech, legal advice etc.Sometimes I do try and point out all the good things, but its hard to argue sometimes especially on the more popular subs as you tend to get shouted down and voted out of existence.Who's got some good simple, one or 2 line plus points we can you to show people the advantages of the crypto/blockchain space, the simpler to understand the better.Let's help each other spread the word! via /r/CryptoCurrency https://ift.tt/3pzhWn0
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5 cryptos in the top 50 that no one here talks about

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We all hear about ALGO, CRO, VET etc.So here’s 10 cryptos in the top 50 that no one talks about in this sub.AVALANCHE (AVAX)WEBSITE ROADMAP WHITEPAPERTRON (TRX)WEBSITE WHITEPAPERELROND (EGLD) WEBSITE WHITEPAPERHEDERA (HBAR) WEBSITE ROADMAP WHITEPAPERTEZOS (XTZ) WEBSITE WHITEPAPERDisclaimer: 1. These aren’t ranked in any way. 2. I have decided not to write anything but just to provide resources for you to research yourself. This is not a shill. via /r/CryptoCurrency https://ift.tt/3y7a7bV
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No surprise Ubisoft is straight onto this trend, anything to charge players more money after all.

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https://ift.tt/3DCdXe9 via /r/CryptoCurrency https://ift.tt/3Itdoap
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8ight Finance, an OHM fork on Harmony who promised to give money to the people affected by the Snowdog DAO rug pull, just got hacked and lost $868k from its treasury

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8ight Finance was an OHM fork on Harmony, it had promised to give people affected by the Snowdog DAO rug pull free money.Yesterday they anounced on their discord that their private keys had somehow been compromised. These resulted to the hackers getting access of the contracts and being able to withdraw $868k (in stablecoins) from the treasuries.First transaction: 490,170 DAI https://ift.tt/3dr5Czs transaction: 378,417 DAI https://ift.tt/3EADfL0 transaction: 12,362 USDT https://ift.tt/3lIIKjk don't really know how the keys were compromised. There is a rumor that the keys got leaked because a dev accidentally posted them on github, although I could not verify this by going through the project's github page, so it's probably false. Other people believe it was just a rug.They posted a "recovery plan" today, saying that they'll just make another OHM fork, this time on Avax, and they'll airdrop it to all 8ight holders.8ight's price has currently fallen 75%
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The ultrarich made their fortune by destroying the planet, but they're suddenly concerned about climate change when it comes to crypto?

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We always knew that game was rigged, but now they are laughing at us straight to our faces.Every single billionnaire, ultrarich and big institution have made their fortunes by destroying the planet and pillaging it's ressources, often without paying their dues to the very population they claim to serve. Banks invest your deposits into mining companies that don't care about their social impact, pensions funds are buying oil fields, hedge funds is speculating on basic commodities like rice, flour and even water...But now that we are trying to fight back and claim a piece of the pie, everyone is suddenly concerned about carbon footprint! Just a few days ago, Hillary Clinton, whose personnal fortune is estimated to be over 110 millions USD, claimed crypto is bad for the planet. You know what else is bad for the planet, Hillary? Private jets and McMansions like yours.It's not even just the rich anymore. Some friends of mine have two SUVs in front of their houses and travel twic
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