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Bitcoin Offers an Escape Route from Oppressive Government Regimes

Many analysts have described Bitcoin, cryptocurrencies, and blockchain technology as having the potential to cause disruptions in many aspects of human life. Libertarianism which is at the heart of blockchain technology is often at odds with the established order of the state whether capitalist or otherwise.

Bitcoin came at a time when the world was recovering from a severe financial crisis that had far-reaching effects. Thus, many were immediately drawn to a system that sought to eliminate the middleman.

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How to Mine Bitcoin: The Ultimate Guide to Start Mining Bitcoins

What is Bitcoin mining?  Mining is the process by which new bitcoins are created and simultaneously, the way the bitcoin system is secured. Through mining, bitcoin transactions are validated and cleared. Mining is a sort of decentralized clearinghouse because it secures the bitcoin system and enables a network-wide consensus to be achieved without a central authority or a trusted third party. It is the invention that makes cryptocurrencies revolutionary. Well, technically, Bitcoin is an emanation of an ingenious solution to the double-spending problem and the Byzantine Generals’ Problem. And here you will find out how to mine Bitcoin.

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Quebec Backtracks on Bitcoin Mining Blockade, Ready for Measured Collaboration with Miners

According to local media sources in Canada, the Quebecois government has backtracked on its decision to stop selling electricity to cryptocurrency miners. This decision comes after the moratorium on energy sales to miners that has been in place since March 2018.

The government wants to explore a more measured approach to collaborating with the mining industry. Concerns over the significant energy requirements of cryptocurrency mining operations had forced the government to suspend all cryptocurrency mining applications.

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Bitcoin Remains Top Dog In Huobi 2018 Blockchain Industry Report

A comprehensive report on the global blockchain industry’s performance was delivered by Dr. Hubery Yuan, Director of Huobi Research of Blockchain application during Blockchain Festival Vietnam on May 24, 2018. Put together by the world’s third-largest cryptocurrency exchange, Huobi, the report contained some key insights into the blockchain industry’s performance, such as data showing that the digital asset industry’s total market capitalisation rose from $17.74 billion to $559.76 billion between 2017 and 2018, a rise of about 3000% in just one year.

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How to Use Bitcoin Anonymously

Bitcoin is often regarded as an anonymous cryptocurrency because it is possible to transmit and accept bitcoins without giving anyone your personally identifying information. While this is true, the current version of the protocol is not exactly anonymous.

When Bitcoin was first introduced in 2009, its creator Satoshi Nakamoto envisioned it to be a private and secure protocol for transfer of value over the Internet. Before 2014, the general public didn’t really understand how the blockchain technology operates; there was very little information on the Internet and the limited info that was available was usually catered to developers/cryptographers who already knew a lot about the technology.

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Bitcoin will be Unaffected by Regulations in the Long Term

Nima Tabatabai, an MBA student of the Westminster Business School, London, UK, has disagreed with a recent Financial Times (FT) article that chronicled the opinions of some MBA students regarding Bitcoin and blockchain technology.

In a letter, Tabatabai expressed disappointment at apparent lack of insight shown by the responders quoted by the article. He countered most of the arguments and statements made by fellow MBA students as presented in the article.

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