WHEN you hold a dollar bill in your hand, take a moment to appreciate the intricate work that goes into its production. The dollar die is a testament to the precision and expertise required to create our currency, making it one of the most durable forms of money in circulation. We treat money as something sacred, but money means nothing. Let's take a look back at history and see how many currencies in history have disappeared. Roman Empire: They devalued their currency by reducing the gold content in it. They even tried using silver to do the same thing, but those coins would wear out with use, which at least doesn't happen with gold.Byzantine Empire: Its currency was...
Just like "A single bitcoin miner recently won a block reward of 6.25₿" in 2022. The situation is similar,Solo miner hits "independent block" and gets 3.19 BTC block reward yesterday!! it feels like winning the lottery! ! Based on the miner's computing power, the probability of mining an independent block is "1 in 1.2 million (0.000083%)", or "on average at least every 3,500 years" to encounter such a lucky opportunity. In the early morning of July 25, a solo miner successfully won the right to add the 853,742th block to the Bitcoin blockchain, processed a block containing 4,365 transactions, and finally won a block reward of 3.19 bitcoins, worth about $210,000.Con Kolivas, a software engineer at ckpool, a separate...
Antiques in prosperous times, gold in troubled times. In the inherent concept of the world, gold is synonymous with absolute value. However, the author believes that gold will be worthless in the future! Why do you say that? First of all, we need to understand gold first, because gold has the characteristics of low melting point, low hardness and extremely strong stability. In the ancient society with weak production and processing capabilities, compared with other common metals, it deservedly became the top material in the precious metal currency of ancient society because of its large reserves and easy processing.Gold can be said to be a very special existence in human society.Humans have used gold as burial objects since 6,000 years...
As $700 billion worth of Bitcoin, Ethereum, XRP and cryptocurrencies surge in price, BlackRock has quietly opened the door to a "trillion-dollar-plus" Wall Street game-changer. Not long after the death of Charlie Munger(Everyone who doubts Bitcoin will one day die), the American investment guru who always regarded investing in Bitcoin as a foolish behavior, the cryptocurrency experienced a rapid rise. After more than a year and a half, it once again stood above 40,000. (Too bad he won't get to see btc hit $100,000 next year)The U.S. dollar mark, and its market value has exceeded that of Berkshire Hathaway and Meta.Why is Bitcoin so popular again? As on December 5, the price of one Bitcoin was US$41,736, climbing to a...
War always has collateral damages, and crypto has played an important role in allowing non-combatants – on both sides – to continue having access to a financial lifeline.
