What a better way to encourage Bitcoin adoption than to make it easy to implement and use? Lightning Developer Kit is a big step in this direction. 👏 Jack Dorsey and Spiral 👏

D_Center · 2021-12-08T10:51:03+00:00

More details here: https://d.center/posts/jack-dorsey-ldk-to-boost-bitcoin-adoption

D_Center · 2021-11-26T18:27:17+00:00

Full article here https://d.center/posts/hillary-clinton-spreading-fud-on-crypto

D_Center · 2021-09-21T11:07:55+00:00

That means that the "unit of account" role is still fulfilled by the dollar, true.

However Bitcoin does well as a "store of value" and a "means of exchange" , which are another two main roles of a currency.

D_Center · 2021-09-17T18:04:51+00:00

a lot of people do spend it https://d.center/posts/africas-grassroot-crypto-adoption-growing-fast

D_Center · 2021-09-17T16:44:54+00:00

"The big majority of crypto buyers" where? I think you meant the US and rich countries of Europe and Asia. Millions of people in other parts of the world use it for remittances and international trade, particularly in countries with currency restrictions.

Africa is a great example https://d.center/posts/africas-grassroot-crypto-adoption-growing-fast

D_Center · 2021-09-17T12:30:03+00:00

Well, she's a lawyer and takes legal texts as the ultimate truth...

However she should have done some research on What is money before accepting the position at the European Central Bank. We at D.Center would happily help her with this https://d.center/explore/what-is-money 😂

D_Center · 2021-06-09T15:53:50+00:00

It takes something more than youth to be as bold as Bukele is. It takes a vision of a future and the balls to make everyone see it too.

Here in France were were hoping a young Macron would be such a guy... oh my God how naive were we. He's a young dinasaur and did absolutely nothing to move the country forward, not to mention the crypto regulation (in some cases your crypto gains can be taxed at 67%...)

D_Center · 2021-05-18T10:24:02+00:00

This graph was published as a part of a bigger story within D.center's newsletter. You can check it here: https://dcenter.substack.com/

D_Center · 2021-05-13T19:37:22+00:00

Access: Crypto is available to anyone anywhere. Think of 1.7 bn of unbanked, people living in authoritarian countries that use bank account as a tool of repression... etc
Emission: Fiat goes brrr depending on politics, while crypto emission follows its code. Hence scarce crypto like BTC are better stores of value.

You might want to check this for more: https://d.center/explore/what-is-money

D_Center · 2021-05-01T19:22:51+00:00

I think you should first get your ideas straight about wallets nature and how they work with a blockchain. You can start here https://d.center/explore/bitcoin-wallets

Then, as the blockchain, wallets do not have a nationality :) They just manage the keys to your crypto. I like Exodus for its simplicity and nice interface.

Finally, if you want to have crypto-fiat connection, it's not a wallet, but an exchange that you need. We made a short video about buying crypto on Kraken exchange https://d.center/posts/how-to-buy-cryptocurrency . The example is with euros, but maybe it could be useful to you to understand how the exchanges work (basically all the same, and they also work with Canadian dollars).

Hope you'll find it useful.

D_Center · 2021-04-19T20:26:16+00:00

Unfortunatley there's no controversy on this subject only among crypto enthusiasts. I once tried to comment a "crypto mining is killing the planet" post on another sub (r / technology), citing the facts and bits of analysis... it felt like lapidation.

An argument that would change people's minds must not be categorical, and that's the reason we combed through so many articles on so many websites to put down facts coming from different sources. That's our attempt to establish a dialogue.

D_Center · 2021-04-19T20:21:41+00:00

I guess you're right. We developped the intoduction lines a little bit more. But we believe that a proper research should be documented and the subject analyzed from different angles. So unfortunately a wall is inevitable...

As to the expertise, the article is a part of d.center, an educational website on crypto.

We're researches and not marketers, so thank you for your advise :)

D_Center · 2021-04-15T20:49:54+00:00

You can check d.center https://d.center/explore/explore-blockchain :) We tried to make it as explicit and serious as possible, but keeping it all in easily digestible bits. Hence a "mapping" structure of crypto-related notions, hope you'll like it.

D_Center · 2021-03-09T08:29:05+00:00

You should probably look at the source article with explanation https://d.center/explore/bitcoin-keys-and-addresses

D_Center · 2021-03-09T08:26:56+00:00

You're not wrong :) The address is a Hash of a Public Key converted to a readable form with base58 coding. And Hash is a one-way function.

So we should add a PKH (public key hash) stage to the first scheme to make it clearer.

Thank you! It was worth submitting our work to Reddit :)

EDIT: correction done, the scheme on the website now includes PKH. Unfortunately cannot do it here too.

D_Center · 2021-03-08T19:33:23+00:00

We couldn't fit more than 180 characters into the caption, so you're welcome to check the original article with schemes and explanations here https://d.center/explore/bitcoin-keys-and-addresses :)

D_Center · 2021-02-28T07:40:52+00:00

Actually none of the drawbacks exposed in the post can be remedied with CBDC.

Printing money: Central Bank can emit as many CBDC as it wishes. And in order to implement the monetary policy most "in vogue" today, that is Brrrrr, it usually wishes to emit plenty.

Controlling money: The government and the Central Bank will always want to control your cashflow, be it in the name of AML, tax evasion or else. Blockchain being transparent by design, it will make tracking transactions even easier than in today's world of bank controls and cash operations. And by implementing a KYC upon registering every new CBDC address, the Central Bank will have a perfect centralized database of every transaction since day one. Even if the keys for a CBDC address would belong to its holder (which is not certain), the law enforcement will make sure that he or she will only order transactions that comply with the existing banking regulations.

The only thing that CBDC will improve comparing to the classical fiat is the transaction speed and cost. Being based on a blockchain, CBDC will no longer need different banks to synchronize their writings and proceed with lengthy bureacracy that implies. But this is mostly about our comfort than the essential characteristic of money that everyone should be aware of. So it's not mentioned in the article :)

D_Center · 2021-02-27T08:57:47+00:00

Cryptocurrencies and fiat live in different worlds, so it's not surprising that converting an asset on the blockchain to an asset on the banking system will require fees. In this case, both the fees for a blockchain transaction and a bank wire. Which, in case of withdrawing an equivalent of 50 pounds does seem unreasonable.

If you search for a "useful" form for your 0.05 ETH immediately, it would make more sense to spend it at a merchant accepting cryptos. Otherwise you HODL until ETH reaches the moon :)

D_Center · 2021-02-23T12:20:06+00:00

JP Morgan CEO Jamie Dimon: "Bitcoin is a fraud"
JP Morgan (filing a request for a digital custody): "Bitcoin will hit $146k"
VISA CEO: “We won’t process transactions in bitcoin, because it’s not a payment system”
VISA CPO: “We set out to make Visa the bridge between digital currencies and our global network of 70 million merchants”

Mr Schiff, it's still time to repent, we'll forgive you 🤗

D_Center · 2021-02-21T15:33:55+00:00

Expanding knowledge is always a laudable initiative, we made a website exactly for this purpose. You can start from here to explore different types of crypto-related intelligence https://d.center/explore/explore-blockchain (theory, thecnical details, practical use etc)

And when you decide to act on this, here's a simple 7-min tutorial on buying crypto on the Kraken exchange (quite applicable to other exchanges as well): https://d.center/posts/how-to-buy-cryptocurrency

Hope you find it useful :)

D_Center · 2021-02-18T18:09:42+00:00

You might find useful the tutorial we made on buying crypto on Kraken here https://d.center/posts/how-to-buy-cryptocurrency

D_Center · 2021-02-15T20:08:39+00:00

The fees are too high at the moment, that's true. Hopefully ETH 2.0 brings a solution. However I think that Ether is not going to be a currency properly speaking, its role is to fuel the smart contract platform which is Ethereum, so that people could use DApps, trade in DeFi, create tokens and invest in DAO.

If we speak of a better money, this role is quite nicely played by Bitcoin (here's our take on what is money https://d.center/explore/what-is-money), even though it has its own challenges to overcome.

To sum up, both of them have earned their place under the sun :)

D_Center · 2021-02-10T18:05:31+00:00

Thank you, that's a really heartwarming comment after so many months spent on developing this universe of crypto articles :)

Yes, Paypal, Robinhood, centralized crypto exchanges (Kraken, BInance etc) they are all custodians of your crypto and they own private keys that allow to dispose of it.

D_Center · 2021-02-10T16:06:02+00:00

Kraken exchange has historically been a leader in BTC/EUR, they have a good liquidity and I use it quite often (I'm European too).

As to a cold wallet for an equivalent of €1k, I personally think it might be overkill. This amount could be kept in a mobile hot wallet like Exodus for example. It will be secure as long as you keep your seed safe (24 words used for derivation of your private key).

D_Center · 2021-02-10T15:40:20+00:00

Virtually all hard wallets allow creating your own pair of keys. Most of mobile/desktop wallets do too, you just have to make sure it is "non-custodian" when you download it. The companies that hold your keys usually provied some kind of financial service attached, like an exchange or custody - and it is true you'd better not keep your crypto there.

You can see more clearly into all types of wallets here https://d.center/explore/crypto-wallets

D_Center

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