cryptocurrency like bitcoin and dogecoin

Cryptocurrencies were born in 20008 as a concept built around blockchain. Bitcoin was released in 2009, creating the first majorly used cryptocurrency. Cryptocurrencies are not backed by any government, and derive value from the complexity of “mining” new coins. The algorithm is designed to get more complex as each “coin” it found, causing the release of new bitcoins to slow down because of algorithmic complexity that outpaced computer development.

Gordon Moore, co-founder and former CEO of Intel, is most famous for coining “Moore’s Law.” Moore first observed in 1965 that every year the number of transistors on an integrated circuit was doubling, creating geometric growth in computing power. In 1975, it projected that they would double every two years, creating what would be known as Moore’s Law. The cryptocurrency algorithms take advantage of this fact, by making each coin sufficiently harder, while assuming the computer power will double every two years.

Bitcoin was originally a novelty, traded at were traded for pennies, where in 2010 two Papa John’s pizzas were purched for 10,000 Bitcoins, or $63 Million US Dollars at Bitcoin’s 2021 peak. Bitcoin later developed an unsavory reputation for anonymous transactions in black markets.

As the most famous cryptocurrency, Bitcoin gets the headlines, but the entire field creates interested tax and finance implications. The IRS doesn’t treat it as a currency, resulting in complex treatment for those using it as a currency. It is treated as a store of value, similar to how one would be taxed on gold that is purchased and sold.

Miami Crypto : What You Need to Know

By |2021-08-31T12:25:28-04:00August 31st, 2021|Categories: Quickies with Bette|Tags: , , , , , |

Other Miami crypto news, which is super exciting, MiamiCoin is the first city coin to come to market. Woo hoo, it's fantastic. It's like a Bitcoin and is on the Blockchain protocol, so whenever that coin is mined, a percentage, actually 30% of what's mined, goes to the city of Miami.

Is the Internet Broken?

By |2021-07-22T14:49:25-04:00July 22nd, 2021|Categories: Other Perspectives|Tags: , , , |

It's the end of the world as we know it, just kidding. A glitch in our internet infrastructure has caused many to panic, but I'm here to clear up any confusion about why this happened and discuss what Twitter is saying about it in this social media round-up.

Black-Owned Financial Groups

By |2021-06-18T20:29:12-04:00June 18th, 2021|Categories: Quickies with Bette|Tags: , , , , , |

In honor of Juneteenth, I want to highlight some amazing black-owned financial groups. The Black Angels Miami Investor group, black-owned banks and credit unions (and where to find them), and the Black Bitcoin Billionaire are doing so much for their communities. Let's get started.

Dogecoin – DogeDay & Elon Musk Recap

By |2021-06-03T01:41:47-04:00April 23rd, 2021|Categories: Other Perspectives|Tags: , , , |

Dogecoin, if you haven't heard of this fabled cryptocurrency, you've been living under a rock. I haven't been able to leave my house or check my phone without hearing about people's experiences with dogecoin. After hearing about people's gains after they invested in dogecoin, my interest was naturally peaked. I decided I would turn to Twitter to help answer some of my questions about this crypto and hopefully answer some of yours. Let's take a dive into this week's social media round-up.

Go to Top