Reading Time: 3 Minutes Hai everyone, how’s it all going? Some interesting developments happened last week in the world of Cryptos which you may or may not have noticed. Facebook came out and released a white paper (an info pack) about a new Cryptocurrency it’s originating called Libra and Calibra, the Blockchain platform supporting the back-office function. It’s just another example of how the Blockchain is coming to the mainstream. Wait… Cryp what? Block…chain? Blockchain is the system in which a record of each financial transaction made in Libra (or any other cryptocurrency such as Bitcoin) is maintained across computers that are linked in a peer to peer network, i.e.…
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Cryptocurrency Update
Reading Time: 3 Minutes “Hahahahaha…” Turns around. Oh hello! Glad to see you here, welcome welcome. Gestures to a warm, comfortable seat. Please, sit down. That’s better right – can I get you anything? Drink? Water? No? Fair enough. Forgive me, because you caught me in the middle of reading through some of my older posts. Like this one here, “4 Things I Learnt Investing in Cryptocurrency” (read here). Ah the innocence of youth… What’s that? I only wrote it less than a year ago? But it feels wayyyyy longer than that! After reading this, I think it’s time to revisit and see what’s been happening in the crazy world…
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4 Things I learnt Investing in Cryptocurrency
“A young man stood to inherit $10 million if he could turn $10k into $1m by the end of the month. The young man put the entire $10k into Cryptocurrency and it turned from $10k into $100 million in a matter of days. Fortunately for the young man, on the last day of the month, the value of Cryptocurrency crashed through the floor and his $100 million turned into $1m”. That was a joke I first heard during the last Crypto boom in late December/early January, a mere 4 months ago. Surely you all remember how social media, mainstream media and our own personal medium were all abuzz with Cryptocurrency…
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Cryptoboom vs Dotcomboom
What’s up guys! Are you staying cool in this Sydney heat? 41 degrees yo – that’s some serious warmth. Not looking forward to heading back to work tomorrow in this weather – but I am pumped to get back into it! Two weeks flew by and so much has happened since the break started. What happened since then? CRYPTOMANIA! We live in exciting times I have to admit, with Cryptocurrency mania well and truly gripping the mainstream. I told you guys last time that this year I’m going to dedicate more time to research Cryptocurrencies and the blockchain, but seems like I didn’t have to go very far. Practically every conversation…
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Bitcoin! (Final Part) – 4 Thoughts Of What I’ve Learnt So Far
What’s up guys! Hope everyone had a wonderful Christmas and enjoyed some well-deserved time off. I spent a significant part of it reading up further on bitcoin and cryptocurrencies to demystify the market and try to determine if there’s a future in this. After the previous posts, I’ve had a couple of friends come up to me and share their stories of wild success regarding people they know, people who have invested early in crypto. “Man, if only I had put $200 on, I’d be retired by now”. “Well, of course DC – but if you knew what you know now – you’d put $200,000 on.” Hindsight is always 20/20…
