The Essential Significance of Hoarding Bitcoin

The most primitive storage need of humans, similar to squirrels storing pine cones for winter, is an instinctual response to future problems. This instinctual behavior does not require humans to possess such advanced thinking systems in their brains. Squirrels and many other animals can also anticipate the future. ...

July 6, 2023 · 9 min · Nick Yam

The Security Debate and Collision between Proof of Stake (PoS) and Proof of Work (PoW) since Ethereum's Transition

Ever since Ethereum transitioned from PoW to PoS, the discussion and collision regarding the security of PoS and PoW have become a focal point. As early as November 6, 2020, Vitalik Buterin wrote a blog post titled “Why Proof of Stake” , where he conducted some calculations. His calculations indicated that, given equal security costs, PoS is safer than PoW. ...

June 8, 2023 · 7 min · Nick Yam

Do not apply double standards when it comes to carbon emissions

Overnight, Bitcoin made a strong leap from the 26.5k level and rebounded to the 27.5k level. Recently, some people in the United States are applying double standards to Bitcoin’s carbon emissions. They claim that Bitcoin mining consumes a certain amount of electricity and results in a corresponding amount of carbon emissions, thus should be subject to a certain emission tax. However, they fail to apply the same standards to Tesla’s electric vehicles, which also consume a significant amount of electricity and generate a substantial amount of carbon emissions. Tesla, on the other hand, receives carbon emission credits from the US government every year and sells them to other companies in need, profiting from it. ...

May 17, 2023 · 4 min · Nick Yam

I received a Bitcoin Blackmail

This evening, I received a special email from the mailbox that I haven’t used for a long time, a bitcoin blackmail. The email showed me the password that I have always been familiar with. Next, the mail told me that someone had captured my camera at the same time and took my private video. I was required to pay $ 999 in the form of Bitcoin. First of all, I am convinced that I have no private photos or videos; secondly, I will not accept extortion by the other party; finally, my password was changed a long time ago, so this should be from some password database when it leaked which i was involved ...

March 24, 2019 · 3 min · Nick Yam

Some Points about the Value of BTC

I recently have been thinking of the value of Bitcoin and wanted to know the logic about BTC. As we all know, BTC is a virtual currency based on deflation logic. Due to the deflation property of its design, the greater the degree of attention, the more users, the higher price. What I came to understand recently is some controversial parts: ...

September 5, 2018 · 2 min · Nick Yam