Chris sits down with Thomas Shewchuck from Evertas to talk about having his company Bitshure get acquired to make the bitcoin mining insurance landscape more robust. He talks about bitcoin mining insurance, bitcoin mining, the bear market, and preparing for the halving and the next bull run. See the full …
Read More »What is Soft Money? Definition, Comparison to Hard Money read full article at worldnews365.me
Soft money is considered through two different concepts. Firstly and generally speaking, it’s a type of money, like paper currency or fiat money, that stands in contrast with hard money. Hard money has physicality, like gold, silver or any other metal-coined money, or it is hard coded to be scarce, …
Read More »What Is a Spot Bitcoin ETF? read full article at worldnews365.me
Introduction An exchange-traded fund (ETF) is a type of investment that tracks a specific asset or commodity, in this case, bitcoin. ETFs can be bought and sold on stock exchanges and brokerage accounts, with the custody of the underlying asset being held by the manager of the ETF. This allows …
Read More »What Is A Bitcoin ETF? read full article at worldnews365.me
Introduction As interest in bitcoin continues to grow, so does the demand for investment products that provide exposure to companies and funds alike. One such product that has gained significant attention is the Bitcoin Exchange-Traded Fund (ETF). What Is An ETF? ETFs are designed to track the performance of a …
Read More »What Fiat Money? How does it work?, History, Pros & Cons read full article at worldnews365.me
Introduction Defining Fiat Money Fiat money is tender not backed by a tangible asset or commodity like gold or silver. It’s usually mandated by governments, but this isn’t always the case. The currencies we use for everyday transactions in the modern era are all examples of fiat money, such as …
Read More »What Is Proof Of Work? And How Does it Work? read full article at worldnews365.me
Introduction Bitcoin miners collect and broadcast transactions in a block and verify their validity. Then they apply a cryptographic hash function of the previous block’s header to the new block. Finally, they try to solve the proof-of-work problem. Satoshi Nakamoto adopted a proof-of-work (PoW) consensus mechanism to resolve the Byzantine …
Read More »What Is Proof Of Stake? And How Does It Work? read full article at worldnews365.me
Introduction In a blockchain network where participants remain anonymous, a dependable coordination mechanism is essential. The “proof” acts as confirmation that a participant has met the requirements to validate a block of transactions, signifying their good-faith participation. One such consensus algorithm employed to generate new blocks, distribute new cryptocurrency, and …
Read More »What is hyperinflation and how does it happen? read full article at worldnews365.me
“Gradually, then suddenly,” goes the Hemingway trope about going bankrupt that Bitcoiners have so enthusiastically adopted. When crypto exchanges, stablecoins and banks are collapsing left and right, it looks suspiciously like we are already in the “suddenly” portion. And it is suddenly that currencies of the past have moved from …
Read More »What is a Medium of Exchange? A Comprehensive Guide read full article at worldnews365.me
Medium of Exchange As society’s structure and organization became more complex over time, the need for an evolving monetary system arose from the limitations of barter. Barter is not suitable as a means to exchange goods and services in an economic system larger than a tribe or family; barter was …
Read More »What is a Store of Value? A Comprehensive Guide read full article at worldnews365.me
Store of Value The concept of a “store of value” refers to goods that are capable of retaining or increasing their worth over time rather than declining in value. This term is used to describe a mechanism that enables individuals to preserve their wealth without experiencing any loss in value …
Read More »Unit of Account: A Comprehensive Guide read full article at worldnews365.me
Unit of Account Unit of account is the thing that measures the value of goods and services. It’s an essential function for something to be [or become?] money. In simple terms, it is a standard measure of value, a common scaling system through which the value of products can be …
Read More »What is Money? read full article at worldnews365.me
Money is crucial to regulating our lives and economies. Here’s an essential guide to understanding money and its role in today’s economic system. Introduction Money is something that most of us take for granted, as we use it daily to buy goods and services. We constantly transact in money, think …
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