How bitcoin gets monetary value

How bitcoin gets monetary value

This looks like a complex thing but I am trying hard to understand it. Why would any one in the world honor a crypto currency till it is backed by a government with monetary value? How does a crypto currency get its monetary value? Who will back it?

https://ift.tt/2E1wwhC

Comments

Post a Comment

Popular posts from this blog

couldn't connect to server: EOF reached (code 1)

couldn't connect to server: EOF reached (code 1) I'm running a full node on my raspberry pi3. I try to do a simple command such as bitcoin-cli getblockchaininfo but I always get this error: error: couldn't connect to server: EOF reached (code 1) (make sure server is running and you are connecting to the correct RPC port) My bitcoin.conf file looks like this: Bitcoind options server=1 daemon=1 reindex-chainstate=1 reindex=1 txindex=1 disablewallet=1 listenonion=0 Connection settings rpcuser= * rpcpassword=* rpcport=8332 rpcallowip=127.0.0.1 rpcthreads=10 I also tried to get a command with "bitcoin-cli -rpcuser: * - rpcpassword=* -rpcportt8332 getblockchaininfo". But this also didn't work. Does someone has some advice or experience with this error? https://ift.tt/2D82TLW
Read more

Zooko buys Groceries...

Zooko buys Groceries... Zooko's tweet got me thinking, and it wasn't the flood of rejection he received. I have been in that state, and I knew exactly what he meant. Been there, done that experience where you have to add each item, you have to shop for value, drop the things you want, and live on rice & beans. Like billions of people. Let me share an anecdote. Once upon a time I lived in Amsterdam. We had a sort of student or groupie house with some of us on the ground floor apartment and some of us on the next floor up. It was one of those places where the crazy landlady wanted crazy non-locals because we paid in cash and didn’t cause trouble. My startup had just failed - in 1998 nobody wanted to issue hard cryptographically-protected secure instruments that could describe any money at all. Go figure. But those weren’t my worries then, what I was worried about then was … money. Of the sort that purchased groceries, not the sort that the cypherpunks dreamed of and had but d...
Read more

Bitfinex & Market Synergy To Offer Institutional Calibre Cryptocurrency Connectivity

Bitfinex & Market Synergy To Offer Institutional Calibre Cryptocurrency Connectivity Market Synergy GmbH , a Swiss-based organisation which offers institutional cryptocurrency connectivity and security for banks, brokers and hedge funds has been selected by  Bitfinex  to provide robust, high performance connectivity for institutional clients. Market Synergy has designed and built a bespoke network for Bitfinex, hosted in a Swiss data centre in the heart of Crypto Valley. In addition to providing outsourced connectivity and hosting services to Bitfinex, Market Synergy can also manage co-location services for Bitfinex’s institutional clients and offer a FIX feed and ISP link to the digital asset gateway which Bitfinex recently launched in collaboration with Connamara . Market Synergy is a separate company within the FXecosystem Group , which also comprises of FXecosystem and Bondecosystem, both of which are institutional market leaders in outsourced connectiv...
Read more