Imagine making a living just from your predictions. Got a hunch your favourite sports team will win on the weekend? What about Leonardo DiCaprio winning an oscar? Research it, think it through – if you’re correct, you’re rewarded. If you’re wrong? You just lose your initial investment.
Cryptocurrencies (Bitcoin/Altcoins) are continuing to gain widespread adoption; the Indian market has begun to blossom, and Genesis Mining has been there to sow the first seeds with the launch of BlockSpeak. Our goal was to create a conference where we could create awareness regarding cryptocurrencies, mining, and Blockchain technology in untapped markets and also provide the community a platform for networking and discussing investment opportunities.
You may have heard a few unfamiliar terms in the news recently – things involving silverware and the word unlimited. The community seems to be split on an issue, and the who’s who of the cryptocurrency world are twitterpated over the entire ordeal. But, what exactly is causing a divide in the world of Bitcoin? Well, it all starts with a little thing called a block – see, they’re filling up, and fast.
Take a moment to imagine the perfect currency – what traits would it have? Fungibility, for sure; portability, perhaps? It would need to be durable, divisible, decentralized. Immune to forgery and counterfeit with a predictable supply. Governments would have no sovereignty over it, and most importantly, it would be adaptable. The perfect currency still doesn’t exist, of course – but Bitcoin is not far off.