Bitcoin Magazine's youtube account that has been around since 2011 just got nuked by Youtube
https://www.youtube.com/channel/UCtOV5M-T3GcsJAq8QKaf0lg
The account has 1.9 Million followers on Twitter and 60,000 on YouTube.
Youtube has made it a habit of taking down prominent informative accounts, while the likes of bitboy and other scammers continue to scam others via the youtube platform. Bitboy even has a verified account.
Google has openly been supporting crypto scams, even fake phishing wallets show up in google search instead of domains of the actual wallets
This is just to show how we have come a long way from 2013. Or have we?
Not all of those who were "early" knew what the future would bring and there has always been a huge amount of uncertainty around. I wouldn't even dare to amount the people who have lost their keys during this time. It seems that even when you are uncertain of things you should never burn all of the bridges.
>But in the end, the answer was obvious. The world's most popular digital currency really is nothing more than an abstraction. So we're destroying the private key used by our Bitcon wallet. That leaves our growing pile of Bitcoin lucre locked away in a digital vault for all eternity β or at least until someone cracks the SHA-256 encryption that secures it.
Source: Link
Wallet: 1BYsmmrrfTQ1qm7KcrSLxnX7SaKQREPYFP
Edit: Some of you guys were asking if they ever made an update, thanks u/mutso1976 for this LINK (2018)
Tesla CEO Elon Musk believes that Bitcoin (BTC) is not that good for everyday payments as the meme-based cryptocurrency Dogecoin (DOGE).
Musk compared the worldβs largest cryptocurrency, Bitcoin, to DOGE in a Time Magazine interview shortly after being named Timeβs 2021 Person of the Year.
I am interested in subscribing to the magazine but am less interested in paying for a subscription if I can just read the same things online
by Pascal HΓΌgli. Opinions expressed are entirely their own and do not necessarily reflect those of BTC, Inc. or Bitcoin Magazine.
https://bitcoinmagazine.com/technical/bitcoin-how-we-build-new-financial-system
Led by Ethereum, a new financial system based on blockchain technology is being built. As reality currently unveils, the foundation this new financial order is built on poses significant challenges. This is why a true new financial order built on Bitcoin is already underway.
Ethereum is commonly referred to as the pinnacle of decentralized finance (DeFi). With more and more blockchains such as Solana, Cardano or Avalanche racing to fame throughout this year, more and more cryptocurrency enthusiasts are starting to doubt whether Ethereumβs pole position as the number one DeFi chain is really beyond reach.
The reasons for the rise of these alternative blockchains are swiftly found: Ethereum has turned from a hyper-inclusive idea into a hyper-exclusive blockchain for the wealthy. Its network is severely clogged up, and insanely high transaction fees need to be paid to transact on Ethereum.
Another problem that keeps on plaguing Ethereum (and other smart contract platforms) are the various smart contract heists and hacks. Seemingly month after month, there is news about a DeFi protocol on Ethereum having been hacked due to a smart contract vulnerability. Interestingly enough, Bitcoinβs blockchain is usually critiqued for being too rudimentary in terms of its smart contract capability, but what Bitcoin lacks in expressiveness, Ethereum appears to have too much of. Ethereumβs smart contracts are notoriously complex β one could even argue that they are unnecessarily complicated because of their Turing-complete nature.
Consistently-high transaction fees congesting the blockchain, as well as continuous hacks that cost users millions, are among the chief challenges Ethereum faces. Within the Ethereum community, people are diligently working on solutions. Hotly anticipated is Ethereum 2.0. While the excitement and the hope for improvement remains, some still believe that even this total overhaul of the Ethereum network might not enable Ethereum to scale to the capacity a global and efficient DeFi ecosystem will need.
ETHEREUM HAS IT BACKWARDS.
Some would argue that Ethereumβs approach was flawed from the get-go as they have built the house first, only to recogniz
... keep reading on reddit β‘Tesla CEO Elon Musk believes that Bitcoin (BTC) is not that good for everyday payments as the meme-based cryptocurrency Dogecoin (DOGE).
Musk compared the worldβs largest cryptocurrency, Bitcoin, to DOGE in a Time Magazine interview shortly after being named Timeβs 2021 Person of the Year.
