Greg Foss spent 32 yrs trading in the credit markets at a hedge fund before he left and found the wonders of Bitcoin. He believes that fiat currency is a Ponzi scheme, that it will continue to debase, and that the current system is simply borrowing future prosperity. We got into some really…
Tag: crypto
Chatter #213 [Live] – Peter McCormack On Bitcoin, Revolution, and Changing The World
I am delighted to have Peter McCormack, Bitcoin Maximalist and host of the What Bitcoin Did podcast on this episode of the show. I have been thinking a lot about the crumbling of the 20th-century institutions across the world, such as media, government, and finance, and wondering how we might achieve some sort…
First Bitcoin Futures ETF Approved – Becomes Fastest Fund Ever To Reach $1 Billion
The first Bitcoin Futures ETF to be approved by the U.S. Securities and Exchange Commission began trading on Tuesday. It has become the fastest fund ever to reach $1 billion in assets under management (AUM). The previous record-holder was a gold-based ETF with the ticker GLD, which took 3 days to hit $1…
COTI To Issue Djed, Cardano’s First Stablecoin
Among the many announcements to come out of the Cardano Summit 2021 was more information on the first stablecoin coming to the Cardano blockchain. It will be named ‘Djed’, after the pillar-like structure in Ancient Egyptian hieroglyphs that represented stability. Djed will be issued by COTI, a decentralised payment platform that already acts…
Cardano Smart Contracts Are Coming Next Month
IOHK made an announcement on Friday via their social media accounts that Smart Contracts will launch on the Cardano Mainnet on Sunday 12th September 2021. This will be implemented through a hard fork combinator event, dubbed the “Alonzo hard fork“. This long-awaited update will take Cardano into the Goguen Era, which represents a…
What Is A Smart Contract?
Traditional contracts In order to understand what smart contracts are and how they can be used, we should first define what a traditional contract is. A contract can be broadly defined as a promise or performance given in exchange for a promise or performance. Traditionally this involves an offeror making a specific offer…
