The challenge for a crypto company replacing a bank? "We have got to start thinking in Bitcoin", Antoni Trenchev tells Charlie Shrem on the latest episode of the Untold Stories podcast. Listen to them talk Parliament, crypto banking, antifragility & more!
Charlie & the Chocolate Factory mining analogy (extract from the Bitcoin Billionaires book)
I've been reading, 'Bitcoin Billionaire: A True Story of Genius, Betrayal and Redemption', and found this little analogy explaining how Bitcoin mining works, attributed in the narrative to Cameron Winklevoss. I don't know how well the analogy holds, but for a non-techy like me, I found it helpful: “The little boy in the movie...is looking for a golden ticket inside candy bars. Charlie is a like a miner. And the golden ticket, which will grant him a tour of Willy Wonka’s factory, is like the block reward. Now suppose that by searching for this golden ticket, Charlie is also simultaneously validating purchases of candy bars and recording them in the factory’s business ledger—the Willy Wonka blockchain. And suppose there are many Charlies all around the world doing the same thing, searching for that golden ticket. As they open Wonka bars, they are auditing the Wonka blockchain and checking one another’s work. Willy Wonka’s contest has miraculously incentivized children around the world to work together to validate and record transactions of Wonka bars, helping Willy keep track of who paid for what, thereby protecting his profits and ensuring that his factory stays in business and can continue to make chocolate for everyone.” Voorhees smiled. “That’s very good. And it perfectly illustrates the magic of Bitcoin. Instead of middlemen, or gatekeepers, you have an open competition of miners, individually incentivized to validate transactions. No bank or government sits in judgment of transactions, or takes a piece of each slice of pie. Middlemen are replaced with math, or in the case of your example, an army of Charlie Buckets.” “And the Willy Wonka of Bitcoin,” Tyler said. “Who set all of this in motion: Satoshi Nakamoto.”
Video: "I sold this crypto and bought bitcoin instead - trader Charlie Burton explains why he recently sold his holdings in XRP (ripple) and bought more bitcoin instead. We also discuss whether this was perhaps a good idea or not" - Alessio Rastani
Born in 1989, Charlie Shrem is an American co-founder of former bitcoin exchange BitInstant and a founding member of the Bitcoin Foundation. In 2014, Shrem was notably accused of selling more than $1 million worth of bitcoin to users of darknet market Silk Road, operating an unlicensed money transmitting business, and failing to report suspicious banking activity. Der Gründer der Bitcoin Foundation, Charlie Shrem, prognostiziert, dass der Mai 2018 "das letzte Mal" sein wird, dass Bitcoin weniger als 10.000 Dollar wert ist. Diese Aussagen kommt zu einer Zeit, in dem die Schlagzeilen bezüglich Bitcoin und Kryptowährungen positiv sind. Milliardär Charlie Munger vergleicht Bitcoin-Investoren mit “Judas Iskariot” Der milliardäre Investor und stellvertretende Vorsitzende von Berkshire Hathaway setzte seine Kritik an Bitcoin fort, die seit mehreren Jahren andauert. Mungers Kommentare folgen den jüngsten Bemerkungen von Partner Warren Buffett, der Bitcoin letzte Woche als “Glücksspielgerät” bezeichnete. Buffett, der ... Charlie Shrem made a name for himself while heading BitInstant with Gareth Nelson and Erik Voorhees. At one time, BitInstant accounted for approximately 30 percent of all bitcoin transactions. The ... Charlie Shrem – Verurteilung wegen BitInstant. Anfangs erzählte Charlie Shrem über seine Anfänge und seine Verurteilung. Er gründete 2011 das Startup BitInstant, eine Bitcoin-Börse für den Ein- und Verkauf der digitalen Währung. Dabei traf er auf Brian Armstrong, CEO von Coinbase, der ihm mitteilte, dass er eine Bitcoin-Börse ...
Charlie Munger "Bitcoin is worthless artificial gold... It's a scum-ball activity"
Charlie Munger calls Elon Musk "brilliant" and bitcoin "stupid and immoral" - Duration: 21 ... Charlie Munger: Bitcoin Is Worthless Artificial Gold CNBC - Duration: 3:22. CNBC 172,842 views. 3 ... Charlie Munger once again disses bitcoin in an interview with CNBC. Bill Gates and Warren Buffett weigh in. Litecoin founder Charlie Lee discusses the bitcoin crash and crypto's future. Melissa Lee and the Fast Money traders, Tim Seymour, Steve Grasso, Brian Kelly and Guy Adami. Crypto Charlie Presents: Bitcoin & Crypto Tips. 125 views 8 months ago Uploads Play all. 4:48. Will/How Cryptotab can & will get you rich sooner then you think? - Duration: 4 minutes, 48 seconds ...