Happy 2020 Bitcoin Halving everyone!
Yesterday, the third Bitcoin Halving took place. This is an event that occurs every 210,000 blocks, which is roughly every four years. What happens is that the block reward given to Bitcoin miners for uncovering a block (i.e. a file that records the most recent Bitcoin transactions) is cut in half. A block is mined approximately every ten minutes.
When the Bitcoin network kicked off in January 2009, the reward for mining a block was 50 Bitcoin. The first Halving in 2012 saw the reward cut to 25 Bitcoin per block. In 2016, the second Halving reduced that to 12.5, and yesterday's Halving, number 3, dropped it to 6.25 Bitcoin.
Unlike government backed money, where the supply is increased every time more is printed, Bitcoin is scarce and its supply capped at 21 million. At the time of writing, there are only 2,623,575 Bitcoin yet to be mined.
Just four more years until the next Halving ... and what a four years it is set to be! If the last four years in Bitcoin are anything to go by, we're set for a fascinating ride. Are you on board?
On his recent trip to Australia, I had the privilege of meeting Adam Meister aka 'The Bitcoin Meister'. Adam has a popular YouTube channel where he does a live show every day. Five days a week, he presents 'The 1 Bitcoin Show' where viewers can learn the latest happenings in the Bitcoin space. On Fridays, he hosts a wide variety of knowledgeable Bitcoiner guests on his 'This Week in Bitcoin' show. For a change of pace, on Saturday, Adam shifts the focus to other topics he is passionate about in 'The Beyond Bitcoin Show'.
Those familiar with Adam's shows will know that he is super energetic and overflowing with enthusiasm for Bitcoin, health and fitness, travel and life in general. Spending the morning chatting with him in person, I found that who he is on screen, he is in life. Adam practices what he preaches, and has a wealth of fascinating Bitcoin knowledge and stories to share from his travels to many countries around the globe.
Adam's business savvy, exceptional self discipline and 'buy and hold' Bitcoin strategy, have enabled him to live outside of the 'rat race' that many only dream of escaping. He has set things up so that rather than having a fixed address, he travels the world, living in Airbnb accommodation.
He is a very cool guy to hang out with, and he even gave me a Bitcoin t-shirt and a rocking 'old skool' style Bitcoin badge. I certainly hope that our paths will cross again one day.
Be sure to check out Adam's YouTube channel, subscribe and as he famously says, 'Pound that like button!' here.
Just when I thought holding Bitcoin couldn't get any sweeter, I received these Bitcoin chocolate coins for Christmas. Unsurprisingly, they were smoother, creamier, tastier and sweeter than their fiat counterparts.
Someone knows me well ;)
Pastor Phil Vollman discovered Bitcoin in 2013, and despite a modest wage and a tight budget, he began accumulating small amounts. Over the next five years of disciplined savings, he managed to amass 14.2 BTC, along with 507 Litecoin.
Now this was no prosperity preacher plan, with dreams of lambos and luxury living. Rather, Phil, hoped to secure the financial future for his wife and children, including an adopted daughter, whom suffers from a disability.
Unfortunately, on July 29 last year, Phil's Bitcoin hopes were dashed when a scammer stole all of his 14.2 BTC and 507 LTC. This was not because he kept his crypto on an exchange that got hacked. In fact, Phil stored his private keys on a Trezor hardware device. However, on this particular day, when plugging the Trezor into his laptop he was prompted to do a firmware update. What Phil didn't realize was, that although the website appeared identical to the official Trezor site, it was a fake, set up by the scammer.
Despite his better judgement, Phil followed the prompt to enter his seed words, which then allowed the thief to transfer away all of the Bitcoin and Litecoin. After so long taking the utmost care with crypto security, one mistake and years of saving and sacrifice were gone. And the reality is that at 68 years of age, with the current price of Bitcoin, there is no way that Phil will be able to acquire that much again. That is unless...
... the crypto community pulls together to help. We did it for Andreas Antonopoulos after Roger Ver questioned his investment choices. Some even did it for Peter Schiff, in an attempt to warm him up towards Bitcoin, despite his net worth already being 70 million dollars. So can we do it for Phil? I believe, yes.
With the backing of members of the crypto, business and Christian communities, a support site and fundraising campaign has been set up to get Phil and his family back to where they were before the thief struck.
A list of those supporting this campaign can be found here.
You can donate and follow the progress of the fundraiser on Tallycoin.
Along with Bitcoin & Litecoin, Pastor Phil is now accepting donations of Bitcoin Rhodium (XRC). The QR codes for Bitcoin, Litecoin & XRC donations are also included below this article.
While I have only touched briefly on it here, Phil and his wife have lived an extraordinary life of serving and caring for others, particulary sick, disabled and unwanted children. You can read their full story, written by published author, F. Daniel Somrack, here: Bagpipes, Bitcoin and Broken Dreams.
In addition to this, crypto YouTuber, Brian the UK Bitcoin Master, hosted a show where Bitcoin storage and security expert, Rocky Palumbo, interviewed Pastor Phil about the loss of his Bitcoin and the events leading up to it. You can view it below and really get a feel for the heart of this man.
On a recent trip to England, I had the pleasure of meeting and hanging out with rising crypto YouTube sensation, Brian the UK Bitcoin Master. Not only that, I got to strap in and hang on, as Brian demonstrated the exhilarating acceleration of his cool, black Mercedes Benz convertible. Nice.
Brian is as decent a bloke as you'll meet. A friendly, honest, salt of the earth kind of guy, who is passionate about Bitcoin, his family and living life to the full. The way he presents on his, Bitcoin for Beginners YouTube videos is the way he comes across in real life. Genuine to a fault.
When it comes to Bitcoin, Brian's philosophy is simple, yet powerful... Buy some Bitcoin from a reputable exchange, such as Coinbase. Get it off the exchange and onto a hardware storage device (his preference is the Trezor). Get on with enjoying your life and wait for the halvings (an event every 4 years where the number of Bitcoin mined in each block is halved) to see the value of your BTC grow.
For Brian, Bitcoin is a savings account that anyone can use, with the potential of changing their own financial future and that of their family for generations to come. This can be done without the risk and stress of trading and without investing more than you can afford to lose. Buying a small amount of Bitcoin each payday or whenever you can afford to, adds up over time. And if the first ten years of Bitcoin's price growth are anything to go by, saving BTC could be far more lucrative than saving GBP, USD or whatever your local currency might be.
To learn more about Bitcoin, be sure to subscribe to Brian's YouTube channel. He livestreams twice a week, bringing you the latest BTC news and interviews with experts and influencers in the Bitcoin and crypto space.
This brilliant song and video clip, 'Bitcoin Please Go To Moon', featuring 'bearish' Tone Vays and 'bullish' Mike Novogratz, was created by 1thousandx.
You will find the lyrics and video below. Enjoy!
Bitcoin please go to moon
Stop going sideways now
Tone Vays say
We going down to 1k
But Mr Novogratz say
Novogratz is bullish
Tone Vays is bearish
[Tone] Bearish target is 1300
Novogratz is bullish
[Novogratz] Bitcoin can be at 40 000
Let us go to moon
Bitcoin Rhodium (XRC). Have you heard of it? Possibly not, and it's no wonder. We've already had Bitcoin Cash, Gold, Diamond, Private, Atom, Top, Hot and even Pizza for crying out loud! The number of forks and sporks has truly reached the absurd stage, so why on earth would anyone care about, let alone remember Bitcoin Rhodium?
While at first glance this seems to be a fair enough reaction, a closer inspection of Bitcoin Rhodium reveals that it has some special properties that set it apart from the list of Bitcoin 'Whatevers' mentioned above. To start with, it not a fork of the Bitcoin blockchain, nor is it a spork of Bitcoin and another altcoin. Instead, Bitcoin Rhodium is an airdrop, awarded only to those who signed up to claim it, and not to all Bitcoin holders. In addition to that, the developers have built a brand new blockchain. This gives XRC a uniqueness advantage over the forks.
Next, and this is the killer app in my opinion, the supply of Bitcoin Rhodium is capped at two point one million (2,100,000). This is opposed to the circa twenty one million coins made available by the vast majority of Bitcoin forks, and the whopping two hundred and ten million units of Bitcoin Diamond. This gives XRC a scarcity advantage over the forks.
Furthermore, the team members, including the developers behind Bitcoin Rhodium, have chosen to remain anonymous. In all communication on their Discord channel and social media sites, they have opted to use pseudonyms. Doing so removes the single point of weakness factor, created when there is a central, known figure behind a cryptocurrency. This gives XRC a security advantage over the forks.
Add to this, enhanced privacy via two anonymization levels and a partnership with the rhodium precious metal market, and you've got a powerful new crypto asset.
Bitcoin Rhodium is set to launch shortly after the final claim period, which ends on September 29, 2018. Finally, the secret will be out and Bitcoin Rhodium will take the crypto world by storm!
You can find out more information at the official XRC website, BitcoinRh.org and follow them on Twitter @BitCoinRh.
Brian aka The UK Bitcoin Master, recently presented an episode of his 'Bitcoin for Beginners' show, decked out in an ultra cool Bitcoin Rhodium t-shirt. Want one? Get it here along with heaps of other sweet XRC merch.
During the show, Brian pulled no punches, as he implored viewers to have a strong hand and hold on to their Bitcoin while the price is down. He also emphasized the importance of understanding the Bitcoin halvings and storing your Bitcoin using a hardware device.
You can watch this episode in full below and subscribe to The UK Bitcoin Master's YouTube channel here. Enjoy!
Adam Meister, the Bitcoin Meister, the Disrupt Meister was rocking a Bitcoin Rhodium t-shirt on today's episode of his 'Beyond Bitcoin' show. He discussed the XRC airdrop and Andy Hoffman's most recent Bitcoin Rhodium article, What Will BRhodium Trade At - Part IV. Adam also posed the question,"Why doesn't Andy have one of these shirts?" Well, it looks like he opted for a Bitcoin Rhodium clock instead.
Whether you're after a Bitcoin Rhodium t-shirt like Adam, a clock like Andy, or all manner of other XRC merchandise, you can get them from the Bitcoin Rhodium Merchandise Store.
The 'Beyond Bitcoin' show is broadcast live every Saturday. Topics covered include Adam's take on healthy living, eating, exercise, sleep, relationships, travel, lifestyle and freedom.
On Fridays, Adam assembles a small group of guests from around the world to discuss the week's BTC happenings on 'This Week in Bitcoin'. Every other day, Adam delivers a new episode of his '1 Bitcoin Show' to help you keep your finger on the Bitcoin pulse. Subscribe to his Bitcoin Meister channel here and keep up to date with all of these shows.
For now, kick back, relax and enjoy today's episode of the 'Beyond Bitcoin' show.
Bitcoin to the Moon has just launched on the cryptocurrency social media platform Steemit.com under the username @bitcointothemoon.
Along with producing an additional revenue stream, this move aims to attract Steemit members to BitcoinToTheMoon.com and readers here to Steemit.
Check out the introductory post here: Bitcoin to the Moon Launches on Steemit. If you like what you read, please upvote and resteem, just like Adam Meister, the Bitcoin Meister already has. To get the latest content as it becomes available, be sure to follow too.
Bitcoin to the Moon is dedicated to following the original cryptocurrency on a journey to its ultimate destination.
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