China can’t seem to make up its mind on Bitcoin. In 2013, the People’s Bank of China prohibited financial institutions from using Bitcoin and other cryptocurrencies for transactions, yet Bitcoin itself was not made illegal. In April 2019, Bitcoin mining was on the list of “wasteful” industries which were to be eliminated, yet disappeared from the list in November. That was possibly because a month before, Chinese President Xi Jinping announced that the country would go all-in on blockchain technology, in order to be a world leader in the space — yet cryptocurrencies, which feature blockchain technology at its core, weren’t mentioned.
“How would you feel if you got a 50 percent pay cut? What if you knew in advance exactly when it was going to happen, and still there was nothing you could do to stop it?
It’s an unpleasant idea for anyone, but it’s pure reality for anyone deep into crypto.”
– Philip Salter, Head of Operations, for Hackernoon. October 3rd 2019
April 1st is the only day of the year where people actually expect to be punked or fooled. But there are 364 other days where you also shouldn’t let others fool you. We are talking about scammers. Of course, it would be exhausting and unpleasant to live like that every day of the year, but a healthy portion of awareness comes in handy.
We have collected the 3 worst scam efforts we ever witnessed to warn you about online thieves.
Some have called Bitcoin and other cryptocurrencies the modern equivalent of gold. In some ways this statement rings true, yet there are distinct and notable differences between Bitcoin and gold that warrant discussion.
Dollars, Bitcoin, Euros, cash. There are countless ways to refer to the entity that makes the world go ‘round, and there are even more ways to measure its worth. Whether you are exchanging it for a roof over your head or the dinner on your table, money in its many forms is the centrally defining theme that connects the world and defines the quality of our lives.