Bitcoin and cryptocurrency round-up: 13 March 2018
What's going on in crypto today?
Read about the threatening but majestic bitcoin cliff, whether it's really worth accepting cryptocurrency as a small business, an interview with the founder of Paid By Coins, Bitfinex'ed lawyering up and your comprehensive guide to creating an effective bitcoin Ponzi scheme.
1. Don't look down.
Goldman Sachs has warned that bitcoin is deceptively close to the edge of a price cliff.
Bitcoin Cash was last seen standing at the bottom, yelling at it to jump.
2. All the cool merchants are doing it.
All the cool merchants are accepting cryptocurrency payments. Why? Because those who don't aren't cool.
The soft benefits like coolness are still one of the more compelling reasons for SMEs to accept crypto, but in certain situations, it can also bring concrete benefits as long as you can handle the downsides.
3. A bridge getting nearer.
Paid By Coins aims to bridge the barrier between fiat and crypto, starting in Australia and then going beyond.
According to its founder, it's objectively pretty good at it too.
4. Legal war doesn't determine who's right. It determines who's wrong.
Bitfinex lawyered up back in December. Bitfinex'ed has lawyered up more recently, and they're sprucing up to go head to head.
The Tether/Bitfinex thing is a complete and utter mess, but if the legal battle gets a pay-per-view slot, it'll all be worth it.
5. Step one is don't.
If you want to run a crypto Ponzi scheme, you'll want to take in the unintentionally useful guide to creating a successful bitcoin Ponzi scheme.
It's packed with scamalytics, based on a newly released scamalysis of bitcoins.
6. Convert electricity into numbers then back into electricity.
Disclosure: At the time of writing the author holds ETH, IOTA, ICX, VEN, XLM, SALT, BTC and XRB.
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