Over the past few months, I didn’t see a lot of interesting ICOs, but in October it was finally a hit. Next to that, I participated on a tip that I received at Crypto Café Utrecht.
Whoever uses exchanges like Bittrex or Kraken has probably seen it: 2FA. What is 2FA and why should you use it and how? And most importantly: What to do if you lost your 2FA?
During the last Crypto Café Utrecht it was discussed: where is the latest altcoin diary? Now, here it is and Crypto Café Utrecht organizer Jeffrey is so kind to share one of his purchases this time. Why? Because this bought & thought goes about privacy focused altcoins (in the broadest sense of the word).
If you put your hard-earned money on a savings account, you can rub your hands when you reach 0.5% interest. After a year that’s a whopping 50 cents if you have 100 euros. The same money can also be converted to the so-called Proof of Stake (PoS) cryptocurrency, where you will receive more interest. Around five percent!
Fork day survived? Nice! Now that we have experienced the saying of “make a mountain out of a molehil” in practice, it is time for go back to the daily struggles. That means: a new altcoin diary, this time aimed at Proof of Stake.
If you collect dozens of altcoin, then it’s a crime to download (every blockchain) and update every wallet. Unfortunately, most of the time a new blockchain project doesn’t provide a electrum wallet to store your coins. That means you’re left to the core wallets, which means lot of gigabytes of blockchain. It’s a waste to use your computer for that, because there’s a mini computer that can do the same: The Raspberry Zero!
While ICOs (including those of Wagerr, Bancor and Dcorp) shoot up like mushrooms, it is also important to keep an eye on the “ordinary”, existing cryptocurrencies. Sharing = caring, hence my colleague Rogier and I will tell you which coins we bought in June.
“Join game x and get Bitcoins for free.”
“Answer these questions and you will get some Satoshi!”
If something sounds too good to be true then that’s usually the case. Free Bitcoins doesn’t exist, or at least I never met a merciful Samaritan that was giving Satoshi for free.
In the blockchain world, the ICCs are currently flying around the ears. Do not be fooled because let the word ICO fall and gold seekers get it down as bees to the honey. For example, BAT blockchain project managed to collect more than 30 million euros in just 24 seconds, and Bancor scrapped in one day the dazzling amount of 134 million euros.