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If You Want To Stick a Toe in Bitcoin’s World … Read This First

This short guide offers a quick introduction to the two biggies, Bitcoin and Ethereum

At Expensivity, Bernard Fickser, who has explained how to sell non-fungible tokens (NFTs) now offers “The Truth About Cryptocurrencies: A Clearheaded Guide to the Crypto World.” (January 15, 2022) For your convenience, we are serializing his work, which can be read in whole here. Here’s Part 2: 1 Quick Entry into Crypto Investing This first section is for those who want to begin investing in crypto right away. But it is also for those who simply want to understand cryptocurrencies without investing in them. Later sections will present the underlying theory and history of crypto, as well as reasons to take crypto seriously but also to be cautious. Yet it helps to see how cryptocurrencies actually behave in practice, and…

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NFT | Non-Fungible Token

NFTs: Can They Help You Sell Digital Memorabilia Online?

Non-fungible tokens (NFTs) like Jack Dorsey’s first tweet or Michael Cohen’s prison badge are creating a new market with a need for new rules

At COSM 2021,William Dembski, a mathematician and philosopher who studies cryptocurrencies like Bitcoin and non-fungible tokens (NFTs), offered some thoughts on whether NFTs (non-fungible tokens) can help artists and other creators make a living selling their work on the internet. Are NFTs just “rat poison squared,” as Warren Buffett calls cryptocurrencies? Well, former Twitter CEO Jack Dorsey’s first tweet sold for a reported $2.9 million. It’s complex but navigable. According to Dembski, it might be a way forward. But there are pitfalls. The non-tech part is easy to understand. Just as internet-based subscription services like Substack offer a way for talented writers to make a good living free from censorious mediocrities, so NFTs might help artists market their work in…

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Crypto Art Non-fungible token (NFT). Digital art

4 NFTs: You Bought One. But Do You Really Own It? Could You Ever?

Right now, the non-fungible tokens markets leave a lot to be desired as a business proposition, Bernard Fickser explains why

Introduction: At Expensivity, Bernard Fickser explains that a non-fungible token (NFT) is a unique token in cryptography that represents, say, real estate or art rather than money. Because the tokens have unique identities (non-fungible), they can be bought or sold while reducing the risk of fraud. So how do they work?: The series is called How Non-Fungible Tokens Work: NFTs Explained, Debunked, and Legitimized (July 30, 2021). In Part 4, he looks at the question of what benefits NFTs, in their current state, really confer on you (or don’t): 4 What Just Happened? The creation and purchase of an NFT as described in the last section raises a lot of interesting — and troubling — questions. It’s easy enough to…

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ethereum Crypto currency was found in the treasure box

Ethereum Is a Better Long Run Bet Than Bitcoin, Researchers Say

Cryptocurrencies in general are starting to be seen as part of a balanced portfolio

In an article featuring recent science research into the cryptocurrency market, Ross Pomeroy offers some researchers’ perspective on why Ethereum tends to be more stable than Bitcoin: Ethereum might be a better long-term investment than Bitcoin. The cryptocurrency Ethereum ranks second to Bitcoin in terms of popularity, yet two studies have shown that tends to be more stable and a better “safe-haven” investment during difficult economic times. As a team of researchers from Singapore wrote in the journal PLoS ONE, “Although both Bitcoin and Ethereum are digital tokens that serve as decentralised currency based on blockchain technology, there are crucial differences between them. While Bitcoin has positioned itself as an alternative monetary system in the financial market, Ethereum has mostly…

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Why Do We Think Money Is Real?

It is actually a constantly shifting network of agreements to trust others

It is actually a constantly shifting network of agreements to trust others. Maria Bustillos, editor of Ethereum’s culturemag, Popula, asks us to think about just what money is before we make up our minds about Bitcoin.

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Is Bitcoin Safe?

Why the human side of security is critical

Bitcoin solves a lot of tough problems in very ingenious ways. Unfortunately, however, those benefits don’t tend to translate well for end users, who are not nearly as ingenious as the people developing the system.

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