Announcing Gilgamesh Platform

Gilgamesh Platform on HuffingtonPost - Social Network for books on Ethereum Blockchain

  • While technology and internet of things continue to change how we garner knowledge, especially through books, our main challenges are that there is no known simple, meaningful, productive, and dynamic platform that follows the trend and encourages book readers and authors to connect, engage, and gain knowledge.
  • On the contrary, the market is riddled with stagnant and outdated platforms that no longer satisfy the demands of the book community, making it hard for readers, critics, and authors to socialize while sharing knowledge and information.
  • Specifically, it rewards users for meaningful engagements that help grow the platform, such as writing a book review, and can only be purchased from the Gilgamesh platform during the token sale.”
  • While the sales will soon be announced, Gil token holders can vote and propose new features and changes on the platform, purchase books, eBooks, or audiobooks.
  • Through GIL token, authors can pay service providers for self-publishing services; they can earn GIL tokens from selling books, eBooks, and audiobooks on the platform.

There is a new advancement in knowledge-sharing, and that is Gilgamesh. Over the years, there has been stagnancy and impediment in this arena, however, a…
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Bitcoin tops £5,000 in value

  • Image copyright – Getty Images – – – – – Image caption – – For the first time ever, Bitcoin has hit £5,000 in value – – – – The price of Bitcoin has surpassed £5,000 per coin – a new record.While it is a historic moment of sorts, Bitcoin…
  • Its value was lower than $100 in June 2013, and below $1,000 as recently as January.But in August, the virtual currency soared to $3,451 after a spin-off – Bitcoin Cash – failed to prove as disruptive as had been feared.And in September, Bitcoin crossed the $5,000 threshold for the first…
  • “It’s been a very innovative year – there have been a lot of new technology platforms for cryptocurrencies, which have lifted Bitcoin,” Garrick Hileman a research fellow at University of Cambridge told the BBC.
  • “Coinbase – a business that lets the public trade and store digital currencies – reports that it is now signing up between 35,000 to 50,000 new users per day.Mr Hileman said that many people had recently been attracted to invest in Bitcoin because when a “fork” happened in August, investors…
  • “Rising geopolitical tensions on the Korean Peninsula are also driving interest in Bitcoin in the surrounding countries, because people are wary of investing in the yen or the dollar,” Mr Hileman added.However, he continued, government regulators may crack down on cryptocurrencies, which could drive prices back down.

The price of Bitcoin has finally surpassed the £5,000 mark and set a new record.
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Scammers Are Targeting Naive Bitcoin Owners With Terribly Simple Trick

Scammers are going after naive bitcoin owners with one simple trick

  • The cybersecurity research group MalwareHunterTeam spotted a new simple scam: an app that promises naive Bitcoin-owners to double their cryptocurrency balance if they provide their Bitcoin wallet’s private key.
  • Of course, the private key is all one needs to take control of that wallet and steal the bitcoins.
  • Read more: How to Build an Ethereum Mining Rig

    Despite the rudimentary, almost offensive nature of this scam, “no doubt, some people will still far for it,” the researcher behind MalwareHunterTeam’s Twitter account told Motherboard in a direct message.

  • In any case, according to MalwareHunterTeam, the app actually doesn’t do anything other than ask for the keys.
  • If you come across this malware scam, do not give up your private key.

PSA: don’t give anyone your Bitcoin private key.
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Bitcoin is exploding in Venezuela — but not for the reason you think

#Bitcoin is exploding in Venezuela — but not for the reason you think

  • Bitcoin is exploding in Venezuela — but not for the reason you think

    As Venezuela suffers its worst meltdown in history, with inflation skyrocketing and basic necessities running in short supply, many have taken to bitcoin mining in a bid to survive, according to a report in the current issue of the Atlantic.

  • Bitcoin mining works like this : Miners use computer hardware to perform complex computations that ultimately create each new link in the bitcoin blockchain — the massive, decentralized ledger technology that underpins the cryptocurrency.
  • The Atlantic explained that a Venezuelan user who can run several bitcoin mining devices can clear about $500 a month — that is considered a small fortune enough to feed a family of four and purchase vital goods such as baby diapers or insulin from overseas.
  • But authorities have begun cracking down on mining operations, according to the Atlantic.
  • Reading the full story about the rise of bitcoin mining in Venezuela here.

Venezuela’s subsidized electricity is allowing desperate users to mine bitcoin for their basic necessities, the Atlantic reports.
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Cash is useless in Venezuela thanks to hyperinflation — so people are turning to bitcoin

  • That’s because under President Nicolás Maduro, electric power is heavily subsidized to the point that it’s essentially free, the Atlantic said.
  • Bitcoin mining works like this: Miners use computer hardware to perform complex computations that ultimately create each new link in the bitcoin blockchain — the massive, decentralized ledger technology that underpins the cryptocurrency.
  • In return, they are rewarded with bitcoin.
  • One of the key requirements to mine bitcoin is to have a large supply of power.

Venezuela’s subsidized electricity is allowing desperate users to mine bitcoin for their basic necessities, the Atlantic reports.
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Wall Street’s ‘dean of valuation’ says digital currencies are replacing gold

  • Aswath Damodaran predicts digital currencies will eventually be as important as the major paper currencies.
  • Santoli asked the valuation expert about bitcoin and other cryptocurrencies.
  • “Cryptocurrencies have taken the role of gold at least for younger investors because they don’t trust paper currencies.”
  • Damodaran defended digital currencies against skeptics who criticized “coin mining” as a misallocation of resources such as computing power and electricity:

    “If you think about it, the printing presses that run paper currencies.

  • The only reason currencies exist is for us to transact … If a digital currency can do it more efficiently than paper currency can, I think there is going to be a digital currency sooner or later that competes with the major paper currencies.

Aswath Damodaran believes digital currencies will “sooner or later” compete with the major paper currencies.
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Wall Street’s ‘dean of valuation’ says digital currencies are replacing gold

  • Aswath Damodaran predicts digital currencies will eventually be as important as the major paper currencies.
  • Santoli asked the valuation expert about bitcoin and other cryptocurrencies.
  • “Cryptocurrencies have taken the role of gold at least for younger investors because they don’t trust paper currencies.”
  • Damodaran defended digital currencies against skeptics who criticized “coin mining” as a misallocation of resources such as computing power and electricity:

    “If you think about it, the printing presses that run paper currencies.

  • The only reason currencies exist is for us to transact … If a digital currency can do it more efficiently than paper currency can, I think there is going to be a digital currency sooner or later that competes with the major paper currencies.

Aswath Damodaran believes digital currencies will “sooner or later” compete with the major paper currencies.
Continue reading “Wall Street’s ‘dean of valuation’ says digital currencies are replacing gold”