The Bitcoin Blog

F or the first time in the history of humankind, a currency has reached and surpassed the value of the oldest money on earth, gold. At around 5 PM London time on the fourth of January 2017 one bitcoin stood at $1,197 (8,320 CNY) at Huobi and 8,320 CNY at OKCoin, two of the main and most liquid bitcoin exchanges, while gold stood at $1,166 Two of the Most Liquid Bitcoin Exchanges Surpassed Gold Parity and ATH at 5 PM GM T  on the 4th of January 2017. Reaching gold parity is an historical milestone for the eight-year-old digital currency which has grabbed the world’s imagination since its invention, spurring thousands of likewise blockchains, with the most prominent, Ethereum, which extends the capabilities of this new invention to that of fully programmable money. If it maintains it, the event will probably be seen as the tipping point as the permissionless, decentralized, cost efficient, limited, programmable money, which even the United States government accepts...

TOP 7 Reasons why Onecoin is a Scam. 1. Onecoin, like other fake digital currencies before it does not have a whitepaper to show people what the currency is about. There are no peer reviews etc.  What is Onecoin hiding? It is just feeding on the gullibility of people. 2. Onecoin cannot be exchanged in ALL the major cryptocurrency exchanges eg kraken, bitstamp,  cex.io , poloniex, bitfinex, quoine, etc meaning you cannot get your cash out except you sell to another onecoin, you are at the mercies of only people doing Onecoin to get your money out. 3. Onecoin is over two years old and no merchants currently accept it. However within 6 months of Bitcoins availability in the ecosystem people were able to exchange goods and services with it as a currency of payment. Today over 100,000 offline and online merchants accept bitcoin. Prominent among them is  overstock.com . All these point to the acceptance of a currency that is true and open. 4. Onecoin use...

Happy New Year Bitcoiners and Bitcoin doubters. Indeed 2016 can be said to be the year Bitcoin took its biggest step into becoming a main stream currency. Driven by economic, geopolitical and other factors, 2016 saw Bitcoin gradually retracing its steps back to its highest level of 2013.  2016 also saw Bitcoin thumping major currencies and precious metals like the USD and Gold to emerge as the fastest growing asset class in 2016 (a feat it also achieved in 2015). The year in review also witnessed (as expected) a lot of scam cryptocurrency schemes which rode on the crest of the Bitcoin phenomenon, edinar, elcoin, onecoin, tbc elcoin etc. all without whitepapers, positive peer reviews and lack of availability on any exchange.  Many got sucked into the mentioned coin scams and still have their funds stuck there. To this group I say a big sorry and pray you get the chance to rectify the errors. I recall sometime towards the end of the year 2016 I ma...