Tag: crypto

The Bitcoin Halving Countdown: What It Means and Why It Matters
With the next Bitcoin halving expected in April 2024, it’s time to examine how these events historically influence the market. Let’s break down the basics of halving and explore its potential effects on Bitcoin’s price, miners, and the wider cryptocurrency landscape.

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Understanding Bitcoin Halving – A Refresher
- Mining and Rewards: Miners secure the Bitcoin network by verifying transactions, receiving newly minted Bitcoin as a reward (currently 6.25 BTC per block).
- The Halving Effect: Every 210,000 blocks (approximately every 4 years), the mining reward is cut in half – this is the halving.
- Designed Scarcity: Bitcoin’s 21-million coin limit and halvings introduce controlled scarcity, combating inflation and making Bitcoin akin to a digital precious metal.
Market Impact: Lessons from History

While past performance isn’t a guarantee, previous halvings offer valuable insights:
- 2012 Halving: The year following the first halving saw Bitcoin’s price surge roughly tenfold.
- 2016 Halving: In the year after, Bitcoin experienced a similar price increase.
- 2020 Halving: This halving was marked by accelerated price growth leading up to the event and continued gains throughout 2021.
How Halvings Influence the Market
- Supply Shock: When the supply of new Bitcoin is cut in half, increased scarcity can drive prices upward if demand remains constant or grows.
- Miner Dynamics: Halving reduces profitability, potentially forcing less efficient miners to adapt strategies or shut down, centralizing the mining industry.
- Market Psychology: Anticipation and media coverage of the halving can attract new investors, boosting demand and fueling positive sentiment.
- Ripple Effects: Bitcoin’s price action often impacts the wider cryptocurrency market, potentially influencing the prices of altcoins.
Beyond Price: Halving Significance
- Decentralized Design: Halvings protect Bitcoin from arbitrary supply manipulation, unlike government-issued currencies.
- Predictability: The fixed halving schedule injects a level of certainty into Bitcoin’s supply model.
- Long-Term Outlook: Halvings reinforce the idea that Bitcoin is a long-term investment, promoting a “HODLing” mentality.
The 2024 Halving: What to Watch For

The upcoming halving highlights Bitcoin’s unique design. It’s crucial to monitor potential price movements, shifts in miner behavior, and the broader cryptocurrency market’s reaction.

Important Note: The cryptocurrency market is highly volatile. Do your own research and consider your risk tolerance before making any investment decisions.
February 27, 2024
How Blockchain can help create a more equitable society

The concept of fairness and social justice might not immediately spring to mind when discussing blockchain. However, the same technology powering cryptocurrencies and revolutionizing industries also carries the seeds to address deep-rooted societal inequalities. Let’s explore ways blockchain can empower marginalized communities, promote financial inclusion, and foster a more even playing field.

Decentralization vs. Power Imbalances

At its heart, blockchain’s decentralized architecture challenges traditional centers of power. By removing the need for intermediaries like banks or government agencies, blockchain-based systems empower individuals to directly interact, exchange value, and establish trust with one another. Consider these examples:

Remittances: Individuals in developing countries often pay hefty fees to send money back to their families. Blockchain’s low-cost international transfers can bypass traditional financial institutions, preserving more money for those who need it most.
Identity Verification: Those without government IDs, like refugees or displaced populations, struggle to access essential services. Blockchain-based digital identities can provide a secure, immutable way to store and prove identity.

Photo by Krizjohn Rosales on Pexels.com

Transparency for Accountability

Blockchain’s indelible ledger creates unparalleled transparency. This feature holds immense potential for fighting corruption and exposing unequal practices:

Supply Chain Tracking: Consumers can trace the origins of products, ensuring they’re ethically sourced and made with fair labor practices. This empowers people to make informed choices that align with their values.
Charitable Donations: By tracking donations on a blockchain, charities can provide donors with absolute confidence that their contributions directly reach the intended cause, creating trust in charitable efforts.

Financial Inclusion: Expanding Opportunities

Traditional banking systems often exclude low-income individuals and those without credit histories. Blockchain-powered solutions can break down these barriers:

Microloans: Blockchain platforms support small-scale, peer-to-peer lending even for those considered “unbankable,” opening up avenues for entrepreneurship and economic development.
Digital Currencies: In regions with unstable national currencies, cryptocurrencies can offer a more secure means to store and exchange value, safeguarding against inflation.

Photo by Worldspectrum on Pexels.com

Challenges and Considerations

Digital Divide: While blockchain has democratizing potential, access to the technology and the internet remains unequal. Closing this digital divide is crucial for true societal impact.
Regulation: Smart regulation of blockchain-based systems is needed to safeguard users, prevent fraudulent activity, and ensure the technology benefits everyone.
Energy Concerns: Some blockchain technologies have significant energy consumption. Development of more sustainable protocols will be key for responsible long-term use.
The Future: Blockchain as a Tool for Social Progress

While blockchain cannot single-handedly eradicate all societal inequities, it provides powerful tools for building economic systems that are fairer and more accessible. As the technology matures, we can anticipate innovative solutions for land ownership rights, voting systems, and distribution of government aid, further contributing to a more equitable world.

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April 16, 2023
Linus Tech Tips HACKED: Crypto Scam FULL STORY

Google has been watching YouTube accounts get hacked for years — is there more the tech giant could do to protect creators? Keep reading below to read about the Linus Tech Tips hack.

Popular YouTube channel Linus Tech Tips has been hacked today, March 23, 2023. The channel’s 15.3 million subscribers saw videos for crypto scams instead of tech hardware reviews. It’s the latest breach in a series of hacked high-profile YouTube accounts, with scammers regularly gaining access to prominent accounts to rename them and livestream crypto scam videos.

The main Linus Tech Tips channel was hacked earlier this morning, with several live videos broadcasted before the hacker started making previous private videos public again. YouTube employees eventually suspended the account. Other Linus Media Group YouTube channels, including Techquickie and TechLinked, have also been breached and given new names focused on Tesla.

It’s not clear yet how the channels have been breached, but owner Linus Sebastian tweeted that he was aware of the situation. In a statement posted to Floatplane (a streaming service spun out of Linus Media Group), he said that the company is working on it with Google, and is “getting to the bottom of the attack vector with the (hopeful) goal of hardening their security around YouTube accounts and preventing this sort of thing from happening to anyone in the future.” He also advised discussing additional details on the company’s podcast, though he warned they might not come this week as it’s “still a developing situation.”

Linus Tech Tips fans have noted that almost a decade’s worth of videos was deleted. Sebastian has backed up his old videos using a “Vault” backup system and is an advocate of using the “3-2-1” method of storing data across multiple storage devices (including one offsite).

The Verge reported that Linus Tech Tips is not the first account to have been hacked pushing crypto streams in a likely attempt to phish users for sensitive data. Channels belonging to Lil Nas X, Drake, Ariana Grande, Taylor Swift, and even the British Army were hacked last year, the latter of which was also an attempt to promote a crypto scam.

March 24, 2023