Whales – The giants of the crypto scene
They are spotted from time to time and their appearance is always an impressive spectacle – at least for those who know their way around the market. We are talking about so-called “Crypto Whales”. These are persons or organizations that hold a very large amount of a specific crypto currency. Concentration of power instead of […]
Background knowledge: Why is one Euro worth one Euro?
Fiat – automobile brand, currency system and preliminary stage of digital currencies The vast majority of readers will probably think of an Italian automobile brand when they hear the word “Fiat”. In the financial world, however, the word describes the currency system we use, such as the Euro. In the distant past, commodity money dominated. […]
HODL or pizza?
Entertaining examples of the value enhancement potential of Bitcoin The inner core of the crypto scene has its very own humour – and thus shapes definitions for the entire industry. On December 18, 2013, a frustrated user named “GameKyuubi” addressed the community in a blog post and expressed his displeasure about a crash in the […]
How new Bitcoins are created
Digital gold prospectors and the mining of valuable cryptocurrencies The money supply of fiat currencies is controlled by the central banks. The situation is completely different with Bitcoin. Here a plan was already established with the creation of the digital currency in 2009, which regulates the issue of new Bitcoins. New Bitcoins can be generated […]
