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        <title><![CDATA[Stories by CryptoAristocrat on Medium]]></title>
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            <title><![CDATA[With Oshi App, discover Bitcoin merchants near you and earn satoshis!⚡]]></title>
            <description><![CDATA[<div class="medium-feed-item"><p class="medium-feed-image"><a href="https://crypto-aristocrat.medium.com/with-oshi-app-discover-bitcoin-merchants-near-you-and-earn-satoshis-8e1b640311de?source=rss-4a5a092dbf08------2"><img src="https://cdn-images-1.medium.com/max/2020/1*paGcQJJiOBg4QP59P2ecgA.png" width="2020"></a></p><p class="medium-feed-snippet">Do you have some bitcoin and would like to spend it in shops near you? Today, thanks to the fantastic Oshi app, you can find all the shops&#x2026;</p><p class="medium-feed-link"><a href="https://crypto-aristocrat.medium.com/with-oshi-app-discover-bitcoin-merchants-near-you-and-earn-satoshis-8e1b640311de?source=rss-4a5a092dbf08------2">Continue reading on Medium »</a></p></div>]]></description>
            <link>https://crypto-aristocrat.medium.com/with-oshi-app-discover-bitcoin-merchants-near-you-and-earn-satoshis-8e1b640311de?source=rss-4a5a092dbf08------2</link>
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            <category><![CDATA[earn-money]]></category>
            <category><![CDATA[bitcoin]]></category>
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            <category><![CDATA[earn-bitcoin-for-free]]></category>
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            <dc:creator><![CDATA[CryptoAristocrat]]></dc:creator>
            <pubDate>Mon, 17 Jul 2023 14:03:08 GMT</pubDate>
            <atom:updated>2023-07-17T14:03:08.912Z</atom:updated>
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            <title><![CDATA[Kinesis Money: How I earn Gold every month with cryptocurrency]]></title>
            <description><![CDATA[<div class="medium-feed-item"><p class="medium-feed-image"><a href="https://crypto-aristocrat.medium.com/kinesis-money-how-i-earn-gold-every-month-with-cryptocurrency-2dc1e8bd6d4a?source=rss-4a5a092dbf08------2"><img src="https://cdn-images-1.medium.com/max/2164/1*xH1EFgIFqOnE3Ux5SQuAsg.png" width="2164"></a></p><p class="medium-feed-snippet">Today I am going to tell you about an application that I have been using for more than a year now. Gold is a safe haven for many investors&#x2026;</p><p class="medium-feed-link"><a href="https://crypto-aristocrat.medium.com/kinesis-money-how-i-earn-gold-every-month-with-cryptocurrency-2dc1e8bd6d4a?source=rss-4a5a092dbf08------2">Continue reading on Medium »</a></p></div>]]></description>
            <link>https://crypto-aristocrat.medium.com/kinesis-money-how-i-earn-gold-every-month-with-cryptocurrency-2dc1e8bd6d4a?source=rss-4a5a092dbf08------2</link>
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            <dc:creator><![CDATA[CryptoAristocrat]]></dc:creator>
            <pubDate>Fri, 27 Jan 2023 09:04:23 GMT</pubDate>
            <atom:updated>2023-01-27T09:04:23.944Z</atom:updated>
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            <title><![CDATA[14 years later, what would Satoshi Nakamoto think of bitcoin?]]></title>
            <link>https://medium.com/coinmonks/14-years-later-what-would-satoshi-nakamoto-think-of-bitcoin-9d453d0ad97c?source=rss-4a5a092dbf08------2</link>
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            <category><![CDATA[cryptocurrency]]></category>
            <dc:creator><![CDATA[CryptoAristocrat]]></dc:creator>
            <pubDate>Tue, 01 Nov 2022 12:16:44 GMT</pubDate>
            <atom:updated>2022-11-02T15:19:55.055Z</atom:updated>
            <content:encoded><![CDATA[<figure><img alt="" src="https://cdn-images-1.medium.com/max/1024/0*0XzDKARnCIixu_eb" /><figcaption>Photo by <a href="https://unsplash.com/@_javardh_001?utm_source=medium&amp;utm_medium=referral">Javardh</a> on <a href="https://unsplash.com/?utm_source=medium&amp;utm_medium=referral">Unsplash</a></figcaption></figure><p><em>First of all, know that this article in no way wishes to “speak for” Satoshi Nakamoto. The creator of Bitcoin has reasons to remain anonymous and not to have given any further news. We respect this point. We are just looking here, trying to see if 14 years later the publication of the Bitcoin white paper, these ideas are in line with what he imagined.</em></p><p>We can indeed legitimately ask the question because in 14 years, the ecosystem has changed profoundly. New actors (surprisingly) have appeared. We are very far from the idea of ​​bitcoin exchanged on the Darkweb between a few geeks who were looking for a way to pay while remaining anonymous.</p><p>Today, bitcoin is traded on trading platforms run by renowned financial holding companies, the traditional media which decried it as a casino currency now praise it, it has even become legal tender in some country.</p><p>In short, in 14 years, we can say that bitcoin has arrived exactly where we would never have thought -logically- that it would arrive. In the hands of the finance barons and in the vaults of the biggest banks, bitcoin is today a financial asset of the elites…</p><p>Is it a happy destiny or on the contrary, did we not sign without knowing it, a destruction of what made all the essence of bitcoin? Here is a brief summary of the history of bitcoin, from its origins…</p><h3>2008: Creation of Bitcoin with the aim of creating an alternative to banks</h3><p>Today, it is true that we almost always talk about bitcoin for its incredible growth. Each wave of new arrivals occurs during an exponential bull run where the price of bitcoin reaches new heights. It is common to admit that very often people enter for financial possibilities and finally find another interest in learning about the subject. This is indeed the case for many people, as you can see for yourself by talking with cryptocurrency holders.</p><figure><img alt="" src="https://cdn-images-1.medium.com/max/1024/1*rRV3vqBycmIpUH03sJybTA.png" /><figcaption>Source : <a href="https://bitcoin.org/bitcoin.pdf">https://bitcoin.org/bitcoin.pdf</a></figcaption></figure><p>Thus, the majority of people who discover bitcoin do so through the promise of wealth and easy gain. True (albeit exceptional) stories of fortunes created overnight have fueled the dreams of getting rich for many.</p><p>However, Satoshi Nakamoto does not talk about return on investment in his writings. In the White Paper, Bitcoin is above all a peer-to-peer payment infrastructure, without any intermediary.</p><p>The ultimate promise and purpose of creating Bitcoin was to provide an easy-to-use infrastructure between different parties. The title of the white paper is: “A peer-to-peer Electronic Cash System”. Everything is already said in the title. The ultimate mission was that a person A could pay a person B by doing it directly, without having to go through a bank.</p><p>The fact of being able to pay without going through the banks being there a fundamental freedom of the people to dispose of themselves. Bitcoin is a pragmatic and scientific answer to a highly moral problem: that of the freedom of individuals to be able to trade freely and anonymously. It is no coincidence that the designers of similar payment systems were part of a group called the “<a href="https://en.wikipedia.org/wiki/Cypherpunk">cypherpunks</a>”. We can summarize the essence of this current of thought being the search for the freedom of individuals through technology.</p><h3>2012: The discredit of a currency used by “criminal”</h3><p>The big problem with the adoption of bitcoin is the fact that for people in developed countries, paying online was not a problem in itself. Companies and fintechs like PayPal have paved the way for online payments. Anyone with a bank card can pay on the internet without any difficulty.</p><p>Also, in the beginning, using Bitcoin required some technical skill. You had to download the Bitcoin Core software, know how to mine or buy bitcoin peer-to-peer on a few platforms little known to the general public. In short, it was not easy and simple before the first trading platforms appeared.</p><p>Paying with bitcoin was a necessity for criminals at first. Moreover, the rise of bitcoin began with its use on SilkRoad, a marketplace on the Darweb. The particularity of SilkRoad was that everyone could buy and sell all types of products including illicit products (weapons, drugs, etc.). Obviously, for this anonymous market place, it was necessary to use an anonymous currency, and therefore bitcoin.</p><p>Thus, the first people who felt the usefulness of bitcoin were necessarily buyers or sellers of illicit products.</p><figure><img alt="" src="https://cdn-images-1.medium.com/max/992/1*MDdGIDq6lISxdc62E-f6Bg.jpeg" /><figcaption>Silk Road website<br>Source: <a href="https://abcnews.go.com/Technology/silk-road-arrest-shines-light-dark-web/story?id=20460774">https://abcnews.go.com/Technology/silk-road-arrest-shines-light-dark-web/story?id=20460774</a></figcaption></figure><p>With the insolent success of SilkRoad, bitcoin moved out of the sphere of geeks and cypherpunk cryptographers into that of crime.</p><p>In fact, this is how bitcoin made headlines. “A trafficker’s currency”, a “currency that allows the financing of illegal activities”, etc.</p><p>In this context, the media and the general population could not “understand” the philosophical underpinnings of bitcoin, or even its usefulness.</p><p>However, trading on SilkRoad still drove the price of bitcoin higher. It is certainly with the rise in its price that Bitcoin began to attract the attention of other people.</p><h3>2013: The beginnings of (great) valuation</h3><p>For the first time, BTC will reach $1000 before falling. It will take until February 2017 for BTC to reach and exceed this historic threshold.</p><p>At this time, Bitcoin is experiencing a period of divergent interest. On the one hand, many States take fright and begin to legislate. New laws are emerging. We are also witnessing the prohibition of the use of cryptocurrencies in certain countries such as China, Algeria, India, etc.</p><p>When the media talk about bitcoin, it is in pejorative terms (the criminal aspect is still present) and other elements are denounced. At this point, the difficulty of the hashrate and the energy consumption of mining is pointed out.</p><p>When it comes to the rising price of Bitcoin, many critics see it as unfair and stupid speculation. We talk about bitcoin as a casino currency with no other use than speculation. Some will even go so far as to draw a parallel with the “<a href="https://en.wikipedia.org/wiki/Tulip_mania">tulip Mania</a>” phenomenon.</p><p>For a whole period, with each drop in the price, it is announced that bitcoin is dead. At the same time, the adoption of bitcoin continues to grow. This is more visible in emerging countries where bitcoin appears to be a financial solution accessible to everyone.</p><h3>2017: Bitcoin goes “mainstream” and the digital gold rush begins</h3><p>In 2017, we are witnessing a new wave of first-time investors in cryptocurrencies. The triumphant arrival of Ethereum having allowed the creation of new tokens, it is the euphoria on the markets. New companies are born every day and raise millions of dollars through an innovative fundraising process: ICOs (Initial Coin Offering). It is then the equivalent of IPOs for IPOs except that in the cryptocurrency market at this time, there is no regulation. Anyone can simply invest and buy new tokens.</p><p>At that time, bitcoin gained some market dominance that it has never lost since. It is the explosion of altcoins and the cryptocurrency market begins to take shape. The public is becoming aware of the potential of the blockchain. Some will then “prefer” the pragmatic uses of tokens and will turn away from bitcoin. For some people, this serves as a payment currency while the new tokens have more pragmatic uses.</p><p>In short, the crypto ecosystem is taking shape and Bitcoin is gaining ground. Investors are always more numerous and well-known entrepreneurs claim that they are investing in Bitcoin. We can cite John McAfee or Michael J. Saylor, the founder of MicroStrategy.</p><p>These statements will then “clean up” the image of Bitcoin. It is then entrepreneurs appreciated by Tech who become its apostles. It is no longer criticized as much by the media, which are beginning to grasp the advantages it can have from a technological point of view.</p><p>At this time then, is the period when Bitcoin becomes mainstream. People who have entered since 2016 are therefore more numerous because there are ways to buy them in a simple way (with a bank card) and the price of bitcoin is still reaching new records. In short, it becomes an interesting investment and very easy to access. The “good father” is interested in bitcoin.</p><h3>The 2020s: Bitcoin becomes the preferred asset of the new generation</h3><p>The Covid crisis has -probably- been very beneficial for the world of cryptocurrencies. While the entire world population was confined to their homes, the internet was the only window on the world. You had to pay on the internet, have it delivered, watch films and be entertained on the net. The use of cryptocurrencies has benefited from confinement. It was during this period, for example, that we saw the explosion of DeFi. The promises of gains with very high APY rates ended up attracting a new wave of speculators.</p><figure><img alt="" src="https://cdn-images-1.medium.com/max/1024/1*C2hJTk6kmaX7ILbbgvqDwQ.png" /><figcaption>BitBoy Crypto, one of the biggest crypto YouTube channel</figcaption></figure><p>This one is younger and discovers bitcoin through social networks. They then discover YouTube channels, TikTok accounts and Twitter gurus who are always more likely to popularize bitcoin and t cryptocurrencies. A lucrative business model was born around cryptocurrency. Remuneration of the influencers (partnerships, sponsor, affiliations etc) have attracted more and more people in this universe which promises rapid wealth. The gold rush is on.</p><p>The creation of tokens being facilitated, new companies offering protocols and applications to generate returns always attract more people and capital. Yield Farming was the epitome of this quick-win lure. The “magic currency” was then at its peak and the use of NFTs and Metavers ended up completing the exponential growth of the market cap of the crypto market as a whole.</p><p>NFTs with an eternal royalties system then attracted institutions that until then had little interest in cryptocurrencies, such as museums, artists, etc. As for the metaverse, it is companies and clothing brands (in particular) who have invested in it. When Facebook decided to change its name to “Meta” was the catalyst for this interest in metavers. Many brands then jumped headlong into these virtual worlds, like Adidas, Puma, Balenciaga, etc.</p><p>Since 2020 and the arrival of newcomers, there are all trades and all ideologies. Even the most cautious investors joined the dance. Traditional banks are partnering with crypto companies of all kinds, politicians are creating MNBCs and teenagers are trading cryptocurrencies on their phones, in search of financial independence.</p><h3>Bitcoin has become a financial asset of mass adoption ?</h3><p>Many people who invest in bitcoin today are unaware of the libertarian origin of cryptocurrency. It is no longer its “independence” that is put forward. . It is very often compared to gold in the sense that it retains value over time. It is even for many a currency to fight against inflation. For others, it is an ideal speculative currency for budding traders.</p><p>In this sense, we can say -even if it seems paradoxical- that Bitcoin has succeeded. Today, it is a currency exchanged around the world just like a classic fiduciary currency. Innovations like the Lightning network have made it ever more practical to use on a large scale.</p><p>In 14 years, it is even considered by some economists as “sound money”, i.e. a viable and sustainable currency in the long term.</p><h4>Today, we are even very far from his image as a delinquent. Bitcoin is becoming the asset par excellence for the unbanked and individuals without financial knowledge. The profiles that claim bitcoin come from all over the world.</h4><h3>“Elites” own more and bitcoin bitcoin and why is this problematic?</h3><p>If bitcoin was originally created to evade banks, it has become over time a new asset in their portfolios. Bitcoin was created to be the currency of the people, without borders, without controlling entity and is intended as an alternative to the banking system. Originally, bitcoin was the currency to counter the “elites” of today’s world. Today, it has become a stooge of the elites…</p><p>It is very surprising that elites own bitcoin and this can cause different problems. The word elite is to be understood in the sense understood by Nayib Bukele for example, namely, financial institutions, large financial groups, holding companies, politicians and all those who possess power and who are on the good side of the current international world system. . The elites, in short, are the privileged of the current financial system.</p><figure><img alt="" src="https://cdn-images-1.medium.com/max/1024/1*wB9mRBNQsckSdJVZKbC_-w.png" /><figcaption>Nayib Bukele : <a href="https://bitcoinmagazine.com/print/stop-drinking-the-elites-kool-aid">https://bitcoinmagazine.com/print/stop-drinking-the-elites-kool-aid</a></figcaption></figure><p>It is then a shame to see so many elite seeking to own so much bitcoin… What are their real intentions? It goes without saying that we must question this behavior. If it’s not simply fueled by elite greed, let’s hope it’s not to “control” Bitcoin and take it out of the hands of the people…</p><p>This is indeed what we can fear. The large groups have such significant financial means that they come to own a large part of the bitcoin in circulation. This is one of the biggest problems that Bitcoin may encounter in the future. Today, according to a study by <a href="https://www.nber.org/papers/w29396">NBER (National Bureau of Economic Research.)</a>, bitcoin is concentrated in few hands.</p><p>Indeed 10,000 individual investors own 1/3 of the bitcoin in circulation. The biggest holders of bitcoin are those of trading platforms like OKX or <a href="https://accounts.binance.com/fr/register?ref=35951151"><strong>Binance</strong></a>. Similarly, crypto-billionaires are very often founders of trading platforms, like Sam Bankman Fried for example.</p><figure><img alt="" src="https://cdn-images-1.medium.com/max/1024/1*nRf7Yw_QcbgpPYNGhXhAmA.png" /><figcaption>Source: <a href="https://river.com/learn/who-owns-the-most-bitcoin/">https://river.com/learn/who-owns-the-most-bitcoin/</a></figcaption></figure><h3>Does Bitcoin match what Satoshi Nakamoto predicted?</h3><p>It seems difficult to e answer the question without nuance. We cannot decently speak for Satoshi Nakamoto. Did he plan this? Does he see what bitcoin has become? Is he proud of it?</p><p>It all depends on the framework in which we are reasoning. If we speak from an ideological point of view, it seems that Bitcoin is gradually dispossessing its decentralized essence. While it wanted to be the currency of the people for the people, it is increasingly concentrated in the hands of the privileged of yesterday.</p><p>To buy and send bitcoin, most people will use a trusted third party (an exchange, for example). However, this is precisely why Bitcoin was created: avoid trusted third parties!</p><p>It is like a cancellation of its very principle. Similarly, the obligation of the KYC procedure where you must submit your identity documents to buy bitcoin places us at the opposite of the idea of ​​non-censorship.</p><p>From this point of view, the mass adoption of Bitcoin is only a way of using it without its sovereign principle. Much like the FIAT currency, Bitcoin in such a system remains an almost mundane financial asset. It is subject to the rules of the financial market and can be controlled by political authorities. They have, thanks to KYC, the identities of bitcoin owners….</p><p>This is also the idea that emerges from the magnificent documentary “The Satoshi Mystery,” available on Arte. It is also one of the best documentaries on bitcoin, in terms of graphic quality and intellectual relevance.</p><h3>What is the future of bitcoin?</h3><p>Now we cannot predict the future. What we do know is that despite the successes encountered, we must still remain vigilant. We must seek to preserve as much as we can the altruistic philosophy that makes up bitcoin’s DNA.</p><p>This is why “bitcoin in DeFi”, for example, is so important. This is the only way to preserve it from centralization. We must learn to overcome our greedy instincts and seek long-term prosperity rather than personal get-rich-quick. Greed, the search for immediate profit, and self-interest can destroy what bitcoin has taken more than a decade to create…</p><p>Bitcoin can help whole countries that do not have a viable financial structure and can also solve conjectural inequality problems in developed countries. It could also serve as a reserve asset and benchmark for an international sovereign currency as the Bursar Saifedean Ammous suggests.</p><p>So, of course, this can come into contradiction with the values ​​advocated by the prevailing capitalism of our societies. It is up to us whether we want to continue to live in such a corrupt and unjust system. Let us remember the adage “Bitcoin fixes this”. We have a new possible alternative with a currency that aims to be more ethical and more democratic. It is up to us not to sabotage this wonderful opportunity.</p><p>It must remain the currency of the people and must be used as much as possible in a decentralized way….It is much more than a question of principle….It is a question of survival.</p><p>—</p><p>Thank you for reading. The version in french is available : <a href="https://zonebitcoin.co/bitcoin-14-ans-existence/">Après 14 ans, que penserait le créateur du Bitcoin?</a></p><blockquote>New to trading? Try <a href="https://medium.com/coinmonks/crypto-trading-bot-c2ffce8acb2a">crypto trading bots</a> or <a href="https://medium.com/coinmonks/top-10-crypto-copy-trading-platforms-for-beginners-d0c37c7d698c">copy trading</a></blockquote><img src="https://medium.com/_/stat?event=post.clientViewed&referrerSource=full_rss&postId=9d453d0ad97c" width="1" height="1" alt=""><hr><p><a href="https://medium.com/coinmonks/14-years-later-what-would-satoshi-nakamoto-think-of-bitcoin-9d453d0ad97c">14 years later, what would Satoshi Nakamoto think of bitcoin?</a> was originally published in <a href="https://medium.com/coinmonks">Coinmonks</a> on Medium, where people are continuing the conversation by highlighting and responding to this story.</p>]]></content:encoded>
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            <title><![CDATA[Should we be afraid of Bitcoin aristocrats?]]></title>
            <link>https://medium.com/coinmonks/should-bitcoin-aristocrats-do-violence-to-themselves-cdc2c0c315c9?source=rss-4a5a092dbf08------2</link>
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            <category><![CDATA[defi]]></category>
            <category><![CDATA[bitcoin]]></category>
            <category><![CDATA[money]]></category>
            <category><![CDATA[earn-money-online]]></category>
            <category><![CDATA[aristocracy]]></category>
            <dc:creator><![CDATA[CryptoAristocrat]]></dc:creator>
            <pubDate>Thu, 06 Jan 2022 10:44:00 GMT</pubDate>
            <atom:updated>2022-01-10T07:13:47.431Z</atom:updated>
            <content:encoded><![CDATA[<figure><img alt="" src="https://cdn-images-1.medium.com/max/1024/1*bgxBa8lgkRHMpYWkYks7UA.png" /><figcaption>Source: <a href="https://elements.envato.com/fr/king-with-his-sword-J54A6F">https://elements.envato.com/fr/king-with-his-sword-J54A6F</a></figcaption></figure><p>We still have to ask ourselves the question of this extreme cryptomonetization of society. Of course, we have our nose in it and of course, our mind is in the handlebars, but that shouldn’t prevent us from wanting to remain objective about what is going on around us.</p><p>All is not white in decentralized finance. No, clearly, all is not black either, actually. The question must be asked clearly: Are bitcoin holders (of today) the millionaires of tomorrow? Since bitcoin is a finite commodity (21 million bitcoin and not an extra coin), that mathematically limits the number of holders doesn’t it?</p><p>So, in the world tomorrow, the ultra-rich will be those who own bitcoin and the rest will be miserable (even if they have dollars?)</p><h3>Who are the bitcoin aristocrats?</h3><p>Are bitcoin hodlers the neo-aristocrats of today as suggested by scholar Jon Danielsson of the London School of Economics who published <a href="https://voxeu.org/article/what-happens-if-bitcoin-succeeds">an article</a> in the excellent <a href="https://voxeu.org/article/what-happens-if-bitcoin-succeeds">Center for Economic Policy and Research</a>, through which he depicts a future where the “Bitcoin aristocrats” unwillingly create a world of extreme inequality? Basically, his point is that if bitcoin becomes the supreme currency (in the sense of bitcoin’s monetary supremacy), then bitcoiners will become the aristocrats of an<em> unhealthy economy.</em> A closed and contradictory capitalism where the American dream of being able to get rich out of nothing becomes pure heresy.</p><p>Yes, a plutocracy where Bitcoin was originally supposed to democratize finance for all. <em>It would be a shame.</em></p><p>A staggering dystopia as the gap could be too great between those who own a lot of crypto and the others, who do not (yet) know what it is.</p><p>You can read the article here or listen to the podcast there. I didn’t want to say it but John Danielsson is also the author of the article “Cryptocurrencies don’t make sense”… Am I saying that, am I saying nothing?</p><p>In a simplistic scenario, the latter could become the financially “dominated” of the others. Yet the others in question will have nothing more if it is not for a fuller wallet. If the latter are stupid, stupid, mean and greedy, what would happen?</p><p>They would seek to protect at all costs what has been called the “Bitcoin Citadel”, a sort of ultimate castle where the bitcoin lords would defend their bitcoins body and soul to remain rulers of the world.</p><figure><img alt="" src="https://cdn-images-1.medium.com/max/1024/1*AQ71e-OFEo_NWsV7hi-6Gw.png" /><figcaption>Source: <a href="https://decrypt.co/84125/the-bizarre-rise-of-the-bitcoin-citadel">https://decrypt.co/84125/the-bizarre-rise-of-the-bitcoin-citadel</a></figcaption></figure><p>He explains that today’s Bitcoin owners would become the “richest people in the world,” who “rival the kings and emperors who have ruled over empires for centuries. They will literally own all the money. They can buy whatever they want. There is not a lot. Compared to the multitudes who have assets today through all the pension funds and mutual funds and the like, that’s a small group of people. “</p><p>The very interesting point that John Danielsson raises is the fact that this seigneury would have no other added value than the simple fact of being “early adopter”. They would have no other merits and would not seek to help improve the system but simply enjoy their wealthy situations. The author is right, we have to admit.</p><figure><img alt="" src="https://cdn-images-1.medium.com/max/1024/1*CkTJ0UmDIte8pgtTc1cDkg.png" /><figcaption>source: <a href="https://beincrypto.com/bitcoin-aristocrats-pose-danger-to-new-adopters/">https://beincrypto.com/bitcoin-aristocrats-pose-danger-to-new-adopters/</a></figcaption></figure><p>The author adds that they will make no contribution to society and that the government would be forced to protect itself and attack them as much as it can. He then fatally concludes that the price of bitcoin would reach zero because governments would ban it …</p><p>In fact, as Emmanuel Young’s Beincrypto article concludes, “While Danielsson’s comments might be considered critical, in actuality, he simply urges the community to look towards “building”, not gaining”…So true…</p><p>This is exactly the message that needs to be understood in order to move the debate forward. We must not forget that behind the greed lies in bitcoin and cryptocurrency, real technology that can improve our world.</p><h4>It is up to us to be the bulwark against the aristocrats that we are in spite of ourselves. It’s up to us (who own bitcoin) not to succumb to our primary instincts for domination….</h4><h3>What about this pessimistic scenario and the bitcoin aristocrats?</h3><p>The article is perhaps gloomy and dwells on bitcoin without considering the huge advance in technology as a whole. Use cases and usages have broken free from pure finance and NFTs for example, are just one example.</p><p>To dwell only on bitcoin and to see only future aristocrats here is to have a much reduced vision…Don’t you think so?</p><blockquote>Join Coinmonks <a href="https://t.me/coincodecap">Telegram Channel</a> and <a href="https://www.youtube.com/c/coinmonks/videos">Youtube Channel</a> learn about crypto trading and investing</blockquote><h4>Also Read</h4><ul><li><a href="https://medium.com/coinmonks/leveraged-token-3f5257808b22">An ultimate guide to Leveraged Token [Bull Token]</a></li><li><a href="https://blog.coincodecap.com/crypto-exchange">Best Crypto Exchange | Top 10 cryptocurrency exchanges 2022 | CoinCodeCap</a></li><li><a href="https://blog.coincodecap.com/best-swap-platforms">Best Crypto Swap Platforms in 2022 | CoinCodeCap</a></li><li><a href="https://blog.coincodecap.com/best-online-casinos">10 Best Online Casinos | Win and Earn Free BTC 2022 | CoinCodeCap</a></li><li><a href="https://medium.com/coinmonks/top-5-crypto-lending-platforms-in-2020-that-you-need-to-know-a1b675cec3fa">6 BEST Crypto Lending Platforms — Crypto Loan Sites</a></li><li><a href="https://medium.com/coinmonks/the-best-cryptocurrency-hardware-wallets-of-2020-e28b1c124069">11 Best Hardware Wallet Reviews &amp; Comparisons 2024</a></li><li><a href="https://medium.com/coinmonks/crypto-trading-bot-c2ffce8acb2a">10 Best FREE Crypto Trading Bots in 2023</a></li></ul><img src="https://medium.com/_/stat?event=post.clientViewed&referrerSource=full_rss&postId=cdc2c0c315c9" width="1" height="1" alt=""><hr><p><a href="https://medium.com/coinmonks/should-bitcoin-aristocrats-do-violence-to-themselves-cdc2c0c315c9">Should we be afraid of Bitcoin aristocrats?</a> was originally published in <a href="https://medium.com/coinmonks">Coinmonks</a> on Medium, where people are continuing the conversation by highlighting and responding to this story.</p>]]></content:encoded>
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            <title><![CDATA[I finally understood why some NFTs are worth millions of dollars …]]></title>
            <link>https://medium.com/coinmonks/i-finally-understood-why-some-nfts-are-worth-millions-of-dollars-7cc16fa6101f?source=rss-4a5a092dbf08------2</link>
            <guid isPermaLink="false">https://medium.com/p/7cc16fa6101f</guid>
            <category><![CDATA[cryptocurrency-investment]]></category>
            <category><![CDATA[cryptopunks]]></category>
            <category><![CDATA[non-fungible-tokens]]></category>
            <category><![CDATA[nft]]></category>
            <category><![CDATA[invest]]></category>
            <dc:creator><![CDATA[CryptoAristocrat]]></dc:creator>
            <pubDate>Fri, 19 Nov 2021 06:06:28 GMT</pubDate>
            <atom:updated>2021-11-19T06:06:28.581Z</atom:updated>
            <content:encoded><![CDATA[<h3>I finally understood why some NFTs are worth millions of dollars …</h3><figure><img alt="" src="https://cdn-images-1.medium.com/max/750/1*3rXnnsPm_zQ5JIRFLtzoqA.jpeg" /><figcaption>This is a CryptoPunk</figcaption></figure><p>Edito: There are several types of NFT such as those in video games or those used in metaverse. In this video, we are talking about “artistic” type NFTs.</p><p>Surely you have heard that some PDF files and JPEG images have sold for millions of dollars. Does that surprise you and you think that the world is not going round any more? (Has he even gone round yet, eh?).</p><p>The effervescence of NFT shows us that humanity has crossed a new paradigm. This can be disconcerting, and all the more so when you don’t try to understand the foundations of this change. We advance, we walk and we run to rush headlong into the future. What does that mean?</p><p>Nothing other than the logical continuation of our use of the internet and computers. Hey, yes, don’t see science fiction mystique when there is nothing more rational in the history of science and technology. Each era has its share of new uses. Is this progress will the millennials say, is it nonsense will the boomers say?</p><p>The astronomical prices that exchange for simple PNG images can seem crazy at first. After all, a video of a meowing cat with a pixelated rainbow as a backdrop has bought itself millions of dollars.</p><p>What is so special about this cat? Frankly, nothing?</p><p>Nothing, if not his story? Perhaps it derives its value simply from having been “mined” on the blockchain?</p><p>We waste our time and our energy if we try to analyze the pixelated cat and its artistic value. We cannot debate here or play ourselves an art critic to try to find some justification. In fact, that’s not where the debate is….</p><p>It’s no longer just the little geek in his room who buys crypto who collects digital works. Oh no, art institutions like Christie’s (just that) or big investment firms buy and raise the stakes. The Visa company is also doing it. She bought her first NFT for a whopping $ 150,000. A trifle for Visa? The equivalent of a few commissions taken on our one-day purchases and a single handful of cardholders.</p><p>That said, the gesture speaks volumes.</p><p>It says a lot more than you might think at first glance. Remember that Visa is a financial operator that has not always shown itself to be “tolerant” towards cryptocurrencies. By purchasing an NFT, the company is clearly showing us that it is now accepting this new technology. For some, it was even the image of the resignation and abdication of fiat money to cryptocurrency.</p><p>Times are changing, mentalities are changing and history has shown us the reluctance one could have with new products in general.</p><p>How many artists have not suffered from being misunderstood by their contemporaries?</p><p>Remember that Cézanne and the Cubist clique had difficulty paying their rent, despite intensive production. Cubist works — in their early days — were considered aesthetic obscenities. At the beginning in any case, I make it clear before the historians flog me. Some traders refused to be paid with these paintings. It had no value after all.</p><p>Worse still, a painting with a woman disfigured like that, who would want it in her dining room?</p><p>Cubism, no thanks!</p><p>Anyway, you can take a screenshot of your Picasso very well, right? You don’t need to have the original, you will tell me. You can even have it “done” again to a talented artist, right? A good counterfeit is even difficult to spot with the naked eye. As expert as he is.</p><p>We know that the counterfeits of some paintings are absolutely identical to the original versions. So identical that some say many of our museums are full of them. Do you have a corner in your mouth? Yet, unless you point a microscope at the artwork, you won’t see any difference.</p><p>Besides, the microscopes themselves would be the first to be duped. The imitators of paintings are so talented that they even trick scientific laboratories into estimating the age of the work, which is to tell you how well they are made!</p><p>It’s not for nothing that in English these type of crooks are called “con Artist”. It includes under this name all people extremely gifted to falsify behavior or works.</p><p>So let’s say you have this work that is identical to the original.</p><p>I challenge you, so try reselling your perfect copy of your Picasso (claiming it’s a copy, eh).</p><p>This is how you will understand all the intelligence of an NFT.</p><p>With an NFT, you are sure to have the original. The real work while all the others are only carbon copies.</p><p>This Just because the work is digital does not mean that it does not have the right to have its original file. Thus, it would be impossible today to sell a fake Picasso if he had his NFT. Why? It would be fully traceable on the blockchain. Yes, yes, you know this large repository in which all exchange transactions are written and irreversible.</p><p>Understand that each owner would be scrupulously noted in this computer ledger. We would know where the work is located, to whom it belongs and even the exact time of its resale.</p><p>So if in retrospect it loses some of its luster, however, anchored in the contemporary world, an NFT makes sense.</p><p>Behind the amazing prices that you see, it’s also (but not only) the price of the technology behind that is reflected. This is why NFTs are also very interesting and useful in other areas such as diplomas (no more fake diplomas), digital identity, video games, etc.</p><p>So, beyond NFT and technology, a digital work of art has just as much weight and raison d’être as an oil painting. It is simply one more advance in the history of art that is not static and frozen in a given period, as we know.</p><p>That one does not understand why a Beeple video sells for thousands of euros must be part of the same misunderstanding when it comes to the works of Jeff Koons, for example. Contemporary art is just as curious for the neophyte (in the amount of works sold) as are the NFTs.</p><p>Koons’s Rabbit artwork has sold for over US $ 90 million.<br>To the eye of a discerning collector, he sees only two artists with two different mediums.</p><p>Some have had the audacity to think that some NFTs sell for a high price just because they are NFT (and therefore computer technology).</p><p>Which brings us to the ultimate question that must be asked: Does being an NFT add (financial) value to an image? Are some NFTs that are really worth millions really worth them?</p><p>To the first question, I immediately want to answer you to avoid any confusion. No, just because you’re going to “mine” an NFT on the photo of you with your shits doesn’t mean the photo is going to sell for millions.</p><p>Sorry to tell you that it is worthless like your child’s drawing (just as gifted as it is). It’s worth peanuts and no one will want to buy them.</p><p>In fact, what must be understood is that a digital work whether or not it is represented by an NFT does not retain the artistic codes that it implies.</p><p>Basically, remember that the NFTs are here only a vector, a support just like the canvas and the table are for Picasso’s paintings.</p><p>Not all NFTs are worth millions, let’s be clear. Not all are works of art that will go down in history … One can even predict that many NFTs created today will fall into oblivion despite the current hype. Very few NFTs have real and perceived meaning.</p><p>I digress because in the end, to distort Pascal’s quote, we often agree that “art has its reasons that reason ignores”….</p><p>And, if you have understood why Duchamps urinal or the Matisse’s sell for millions and why one can rejoice with Stendhal syndrome, you will certainly understand why some NFTs are worth millions, indeed.</p><p>____</p><p>This is only my point of view, I will be happy to discuss it with you.</p><blockquote>Join Coinmonks <a href="https://t.me/coincodecap">Telegram Channel</a> and <a href="https://www.youtube.com/c/coinmonks/videos">Youtube Channel</a> learn about crypto trading and investing</blockquote><h4>Also, Read</h4><ul><li><a href="https://blog.coincodecap.com/futures-trading-signals">Best Futures Trading Signals</a> | <a href="https://blog.coincodecap.com/liquid-exchange-review">Liquid Exchange Review</a></li><li><a href="https://medium.com/coinmonks/bitcoin-exchange-in-india-7f1fe79715c9">Crypto exchanges in India</a> | <a href="https://medium.com/coinmonks/bitcoin-savings-account-e65b13f92451">Bitcoin Savings Account</a></li><li><a href="https://blog.coincodecap.com/okex-kucoin">OKEx vs KuCoin</a> | <a href="https://blog.coincodecap.com/celsius-alternatives">Celsius Alternatives</a> | <a href="https://blog.coincodecap.com/buy-vechain">How to Buy VeChain</a></li><li><a href="https://blog.coincodecap.com/binance-futures-trading">Binance Futures Trading</a> | <a href="https://blog.coincodecap.com/mudrex-3commas-etoro">3Commas vs Mudrex vs eToro</a></li><li><a href="https://blog.coincodecap.com/buy-monero">How to buy Monero</a> | <a href="https://blog.coincodecap.com/idex-review">IDEX Review</a> | <a href="https://blog.coincodecap.com/bitkan-trading-bot">BitKan Trading Bot</a></li><li><a href="https://medium.com/coinmonks/coindcx-review-8444db3621a2">CoinDCX Review</a> | <a href="https://blog.coincodecap.com/crypto-margin-trading-exchanges">Crypto Margin Trading Exchanges</a></li><li><a href="https://blog.coincodecap.com/bookmap-review-2021-best-trading-software">Bookmap Review</a> | <a href="https://blog.coincodecap.com/crypto-exchange-usa">5 Best Crypto Exchanges in the USA</a></li><li><a href="https://blog.coincodecap.com/best-ethereum-wallets">Best Ethereum Wallets</a> | <a href="https://blog.coincodecap.com/telegram-crypto-bots">Cryptocurrency Bots on Telegram</a></li><li><a href="https://blog.coincodecap.com/leveraged-token-exchanges">Best Exchanges to Trade Leveraged Tokens</a></li><li><a href="https://blog.coincodecap.com/ascendex-staking">AscendEx Staking</a> | <a href="https://blog.coincodecap.com/bot-ocean-review">Bot Ocean Review</a> | <a href="https://blog.coincodecap.com/bitcoin-wallets-india">Best Bitcoin Wallets</a></li><li><a href="https://medium.com/coinmonks/cryptohopper-alternatives-d67287b16d27">CryptoHopper Alternatives</a> | <a href="https://medium.com/coinmonks/hitbtc-review-c5143c5d53c2">HitBTC Review</a></li><li><a href="https://blog.coincodecap.com/fold-app-review">Fold App Review</a> | <a href="https://medium.com/coinmonks/kucoin-trading-bot-automate-your-trades-8cf0ca2138e0">Kucoin Trading Bot</a> | <a href="https://blog.coincodecap.com/probit-review">Probit Review</a></li><li><a href="https://blog.coincodecap.com/buy-bitcoin-anonymously">How to buy Bitcoin Anonymously</a> | <a href="https://blog.coincodecap.com/bitcoin-cash-wallets">Bitcoin Cash Wallets</a></li><li><a href="https://blog.coincodecap.com/binance-vs-ftx">Binance vs FTX</a> | <a href="https://blog.coincodecap.com/solana-wallets">Best (SOL) 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href="https://medium.com/coinmonks/invity-review-70f3030c0502">Invity Review</a> | <a href="https://blog.coincodecap.com/bitforex-review">BitForex Review</a></li><li><a href="https://blog.coincodecap.com/bybit-binance-moonxbt">MoonXBT vs Bybit vs Binance</a> | <a href="https://medium.com/coinmonks/hardware-wallets-dfa1211730c6">Hardware Wallets</a></li><li><a href="https://blog.coincodecap.com/huobi-trading-bot">Huobi Trading Bot</a> | <a href="https://blog.coincodecap.com/buy-ada-cardano">How to buy ADA</a> | <a href="https://blog.coincodecap.com/geco-one-review">Geco.One Review</a></li><li><a href="https://blog.coincodecap.com/binance-vs-bitstamp">Binance vs Bitstamp</a> | <a href="https://blog.coincodecap.com/bitpanda-coinbase-coinsbit">Bitpanda vs Coinbase vs Coinsbit</a></li></ul><img src="https://medium.com/_/stat?event=post.clientViewed&referrerSource=full_rss&postId=7cc16fa6101f" width="1" height="1" alt=""><hr><p><a href="https://medium.com/coinmonks/i-finally-understood-why-some-nfts-are-worth-millions-of-dollars-7cc16fa6101f">I finally understood why some NFTs are worth millions of dollars …</a> was originally published in <a href="https://medium.com/coinmonks">Coinmonks</a> on Medium, where people are continuing the conversation by highlighting and responding to this story.</p>]]></content:encoded>
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            <title><![CDATA[L’Afrique serait-elle le meilleur terrreau pour la blockchain?]]></title>
            <link>https://crypto-aristocrat.medium.com/lafrique-serait-elle-le-meilleur-terrreau-pour-la-blockchain-3dc34c73d893?source=rss-4a5a092dbf08------2</link>
            <guid isPermaLink="false">https://medium.com/p/3dc34c73d893</guid>
            <category><![CDATA[bitcoin]]></category>
            <category><![CDATA[developement]]></category>
            <category><![CDATA[afrique]]></category>
            <category><![CDATA[entreprenariat]]></category>
            <category><![CDATA[blokchain]]></category>
            <dc:creator><![CDATA[CryptoAristocrat]]></dc:creator>
            <pubDate>Thu, 24 Jan 2019 18:43:27 GMT</pubDate>
            <atom:updated>2019-01-24T18:43:27.146Z</atom:updated>
            <content:encoded><![CDATA[<figure><img alt="" src="https://cdn-images-1.medium.com/max/1024/1*A0H1vg6H25Dk4rj03idmQA.jpeg" /><figcaption>Photo by <a href="https://unsplash.com/photos/l_YNobbDYJk?utm_source=unsplash&amp;utm_medium=referral&amp;utm_content=creditCopyText">Mpumelelo Macu</a> on <a href="https://unsplash.com/search/photos/africa?utm_source=unsplash&amp;utm_medium=referral&amp;utm_content=creditCopyText">Unsplash</a></figcaption></figure><p>Oui, on entend beaucoup parler de la blockhain dans l’idée qu’elle pourrait résoudre des tas de problèmes. C’est une opinion partagé de par de le monde.</p><p>Concernant l’Afrique, il semble que ce soit davantage le cas. Petit article concentré pour mieux comprendre l’impact “positif” de la blokchain pour le dévelopement africain.</p><p>Dans quel secteur la blokchain serait-elle appliquée?</p><p>La blockchain peut être appliquée dans tous les domaines ou presque. Dans la chaine logistique d’une usine de fabrication, dans le domaine médical, dans le domaine financier bien sûr et même dans la gouvernance démocratique- en améliorant le système de vote, par exemple.</p><p>Bref, c’est aussi pour cela que l’on pense que la technologie de la blokchain est la panacée du progrès. Certains crient qu’ils s’agit de la prochaine “révolution industrielle”.</p><h3>L’Afrique est prête pour acceuillir la blockchain</h3><p>Même si cela peut surprendre quelques afropessimistes, l’Afrique serait l’endroit idéal pour déployer la technologie de la blokchain.</p><p>Pourquoi, me direz-vous?</p><p>Nous préciserons en y ajoutant l’Asie qui fait elle aussi de formidables avancées dans cette direction. Oui, l’Afrique serait le terreau idéal dans la mesure où elle rencontre de multiples problématiques que les technologies précédentes ne sont pas parvenus à éradiquer.</p><p>On dira même que l’industrialisation qui a fait défaut s’est imposé de façon anarchique sur le continent. De même, la démocratie en a pâti, certainement pour des raisons autres que celles liés à la technologie…Bref, la situation actuelle de l’Afrique fait d’elle la candidate idéal pour implémenter des projets de blokchain.</p><h4>C’est parcequ’il y a beaucoup de problème que l’Afrique à besoin de la blokchain</h4><blockquote>Les nombreux défis, liés à la gouvernance, à l’inclusion financière, à la cadastration des habitations, à la rapidité des transferts etc. Tout ces problèmes à résoudre sont des des parfaits point d’ancrage pour la blokchain.</blockquote><p>C’est même là son plus gros avantage. Si vous avez l’âme d’un entrepreneur, vous savez tout aussi bien que moi, que le problème est à l’origine de la solution. Et, non l’inverse comme beaucoup de jeunes startuppers aiment à le penser.</p><blockquote>Rappelons que l’Afrique à été leader dans la modernité financière. Il a fallut partir des problèmes pharaoniques en la matière avec seulement 20% de la population bancarisé pour arriver à cette incroyable phénomène du <strong>Mobile Banking</strong>.</blockquote><p>Oui, l’Afrique à entrainé le reste du monde dans son progrès et aujourdh’ui, combien de fintech européennes et américaines tentent en vain de s’improviser en banques mobiles. Ce sont que de pâles copies de M-Pesa.</p><p>Pour une fois, ce sont les européens qui imitent le progrès africain. Pire encore, ils sont à la traîne. On ne le dit pas assez, c’est pourquoi je le dis et je le répète ici.</p><p>( Vous le savez tout aussi bien que moi, il n’y a pas de problème pour parler de la famine en Afrique, mais lorsqu’il s’agit des éléments positifs, on a tendance à se taire).</p><p>Là, le peuple occidental avance à reculons car il ne voit pas encore les bénéfices. En Afrique, le peuple s’est ruée sur cette technologie, car il en avait besoin.</p><h4>Oui, l’Afrique à besoin de la blockcain.</h4><p>On parle de bien de “besoin”. Oui, l’Afrique à besoin de la blokchain pour sortir du sous-dévelopement qui l’accable.</p><p>Dans un premier temps, on pourrait utiliser- comme c’est déjà le cas- la blokchain uniquement dans son cas cryptographique. Ce serait déjà une IMMENSE avancée si la crypto-monnaie était popularisé en Afrique.</p><p>Les avantages pour l’Afrique serait énorme :</p><ul><li>Transfert d’argent facilité et frais réduis</li><li>Paiements facilités entre entreprises et clients</li><li>Capacité d’emprunt “bancaire” facilité</li></ul><p>Pour ne cite que cela et cela va sans dire que l’entreprenariat serait favorisé voire boosté comme nulle part ailleurs.</p><p>Je pense que l’usage des crypto-monnaies serait un premiers pas. Ensuite, viendrait des projets de blokchain plus abouti, notament dans l’immobilier, la construction, la fabrication d’objet, etc.</p><h4>L’Afrique et l’africain sont prêts et ils n’attendent qu’un soutien</h4><p>À voir l’écosystème toujours plus grand des startups oeuvrant dans la blokchain, on sait que l’Afrique est plus que prête.</p><p>Maintenant, c’est à nous de savoir, en tant qu’africain ou non, si nous sommes prêt à une telle révolution.</p><p><a href="https://medium.com/blockchain-afrique/l%C3%A9cosyst%C3%A8me-startup-blockchain-et-bitcoin-en-afrique-4220bcc6e112">L’écosystème startup blockchain et bitcoin en Afrique</a></p><p>— -</p><p>Article écrit par Nesrine Aissani</p><img src="https://medium.com/_/stat?event=post.clientViewed&referrerSource=full_rss&postId=3dc34c73d893" width="1" height="1" alt="">]]></content:encoded>
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            <title><![CDATA[How to Earn Bitcoin By Helping People?]]></title>
            <link>https://crypto-aristocrat.medium.com/how-to-earn-bitcoin-by-helping-people-57b8ac0aa574?source=rss-4a5a092dbf08------2</link>
            <guid isPermaLink="false">https://medium.com/p/57b8ac0aa574</guid>
            <category><![CDATA[bitcoin]]></category>
            <category><![CDATA[bitfortips]]></category>
            <category><![CDATA[crypto]]></category>
            <category><![CDATA[cryptocurrency]]></category>
            <category><![CDATA[cryptocurrency-news]]></category>
            <dc:creator><![CDATA[CryptoAristocrat]]></dc:creator>
            <pubDate>Tue, 11 Dec 2018 17:33:19 GMT</pubDate>
            <atom:updated>2018-12-11T17:33:19.908Z</atom:updated>
            <content:encoded><![CDATA[<p>Yes, one other tips than can help you.</p><p>If you are loonkinf for bitcoin for free ( or almost free), you have to know that you can “work” in exchange of some bitcoin.</p><p>This is revolutionary, isnt it?</p><figure><img alt="" src="https://cdn-images-1.medium.com/max/1024/1*ghhLi6yxa5PZvGdx4V3dkw.png" /><figcaption>Screenshot of <a href="https://www.bitfortip.com/">BitFortip</a></figcaption></figure><p><a href="https://www.bitfortip.com/">Bitfortip</a> is a mobile ( yes) and a website- a platform that pays you for helping people.</p><p>Bitfortips as it says on its tagline, is “<em>Tip Bitcoins as an incentive. Earn Bitcoins for being helpful.”</em></p><h3>How does it works?</h3><p>You can join this platform in order to earn some bitcoin or in the other hand, you can ask for anything ( the name of an old song, the street you forgot on one big city, where you can buy the movie you want to watch with your girlfriend, etc etc).</p><p>In exchange for their answer, you receive one tips ( depending on the amount given by the person who ask question).</p><p>See this example of one question:</p><figure><img alt="" src="https://cdn-images-1.medium.com/max/773/1*k0FNhhU6p9EVpdTRJgCW2Q.png" /><figcaption>Bitfortips question</figcaption></figure><p>And, you can answer just above it:</p><figure><img alt="" src="https://cdn-images-1.medium.com/max/775/1*mwFyJq_sFgEU5iUjRrk5Wg.png" /><figcaption>answer of the question</figcaption></figure><p>Then, you receive your bitcoin.</p><p>Easy, no?</p><p>See you next times, for a new tips ;)</p><img src="https://medium.com/_/stat?event=post.clientViewed&referrerSource=full_rss&postId=57b8ac0aa574" width="1" height="1" alt="">]]></content:encoded>
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