Crypto 2018 = Mobile Phones 1991

I, like many others, often liken the nascent cryptocurrency market to the early days of the internet and I do, sincerely, believe that it is both fair and real comparison, although I ultimately believe that the impact on human lives across the globe will be far greater this time round.

However, I had forgotten about another equally valid comparison until I was reminded of it whilst dealing with Gumtree on an issue to do with accepting cryptocurrencies for an ad I’d placed. In short, my ads had been taken down because I wanted to accept payment in Bitcoin or Litecoin rather than cash, Continue reading “Crypto 2018 = Mobile Phones 1991”

I am the Gumtree Cryptocurrency Felon – Part II

This is a follow up story – you might want to read the original article first here

So, just I felt that my calls to Gumtree to see reason over allowing ad posters like myself to accept cryptocurrency were falling on deaf ears, I received a response from yet another customer ‘assistant’ seeking to clarify Gumtree’s position, with the usual poor grammar and rather dodgy sentence construction:

Continue reading “I am the Gumtree Cryptocurrency Felon – Part II”

Why I don’t want Bitcoin Cash

It’s a funny thing, and something I’m often asked about: how come I have no Bitcoin Cash in my portfolio? After all, being such a proponent of Bitcoin, blockchain and cryptocurrency itself, why would I not hold any of the fourth largest coin by market capitalization? On the face of it, it doesn’t seem to make sense. That coin has decent community support (smaller than most, but very passionate and vocal), solves (or, more precisely, reduces) a host of technical and scaling problems present in the original Bitcoin (also referred to now as ‘Bitcoin Core’ usually by the ‘Bitcoin Cash’ contingent) and is poised to be one of the big players going forward, assuming they will deal with the current relative low adoption level. In point of fact, it’s the only one of the top ten I don’t own, excluding Tether which I don’t count for many reasons. It is, genuinely, a good coin, as much as I am loathe to admit it. Continue reading “Why I don’t want Bitcoin Cash”

I am the Gumtree Crytocurrency Felon – Part I

Yesterday, whilst clearing my loft ready for a conversion, I came across some bits and pieces that I needed to sell off to make space. Some old (but fantastic) speakers, some computer parts, golf clubs (I don’t play golf but had acquired some anyway), china, books etc, all the usual stuff we probably all have in our lofts – and that cupboard we never go near unless we’re forced to for fear it may explode on opening. It’s a cathartic experience and we’ve been brutal in what we’re keeping and what we’re getting rid of.

As usual, we put the stuff for sale on a combination of Ebay, the local Facebook Marketplace and Gumtree. In every ad, as I have done so for some considerable time now, I put payment by Bitcoin and Litecoin as an option. Continue reading “I am the Gumtree Crytocurrency Felon – Part I”

STILL the best introduction to Bitcoin there is …

I must have watched literally hundreds of videos online about Bitcoin and other currencies over the last couple of years. Some are by well meaning amateurs from their bedrooms, some are just slick marketing spiel and some are downright misleading at best, or actually untrue at worst. It’s a right old minefield out there and it’s likely to get worse before it gets any better.

However, there are a few that are I would regard as excellent. If they were an album, they’d be called ‘The Essential Crypto Selection’. And out of all of those, this one is probably the best. You’ll need a good 25 minutes for the main part, the last section is really a Q&A session, but well worth taking the time out to have a look.

It’s also surprisingly old, 2016, which is an ice age in cryptocurrency terms, but the explanation of its use case is as valid today as it was when Satoshi Nakamoto started the whole thing off all those years ago.

And as for the presenter,¬†Andreas Antonopoulos, well, he’s someone who’s work we should all get to know. He’s got a proper geek pedigree background, but after he discovered and fell in love with Bitcoin in around 2012, he changed his direction in sole pursuit of learning about and ultimately promoting Bitcoin and the blockchain. He’s a very smart chap with an intensely addictive presentation style who now tours the world speaking to some of the most senior people there are about the tsunami that’s coming. It’s not technical, but it’s a very smart presentation and I can’t recommend it enough.