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Bitcoin Blog a1

Monday, November 20, 2017

Tethers Mircopost

I don't have time for a big post right now, but I saw a great post on twitter. There is a lot of  talk about what is driving the price of bitcoin so high. I don't have an answer for you, but some people do. Some people are saying its people buying bitcoin with USDT. USDT for reference is a cryptocurrency that is tethered to the the US dollar. So one USDT is one dollar. You can read up on this later. Some people think that using this tethered currency is artificially inflating the price of bitcoin. So  this post may be the perfect response.

Sunday, November 12, 2017

Saturday, November 4, 2017

New Wallet

Well apparently multibit has ended support for their wallet and I had no idea.  So now I need to get my coins over to a new wallet. I’ll be using Electrum for this. It's good so far. I wish it had the total value of your bitcoin displayed in USD, but that's ok.  

It seems I’m a little behind the times on quite a few things. Here are some things that I meant to report on, but time got the better of me.


I got a scam email considering bitcoin

The email refers to me as bob the miner, so it must have been one of the mining pools I used in the past that was hacked or something.


I submitted my claim on a class action suit against Cryptsy, you know, that exchange I lost my btc on. Looking at the balance I lost is now worth 21 bucks (I’m pretty sures it's like 60 now)! It was just 4 bucks when I sent it. Wow. Let's see if anything comes of it.


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