Month: May 2021

BTC vs Top 10 Altcoins — 2014-2021 Returns Compared

Bitcoin has been a rather good investment. Everyone knows that. But how does it compare to alternative cryptos? Some, like Ether and Doge, have outperformed Bitcoin. But many more have tanked. Do you remember coins like Peercoin, BitShares, the DAO? Let’s compare these two strategies: “BTC” – As a true Bitcoin Maximalist, you hold BTC only! “TOP TEN” – Buy the top 10 coins from Coinmarketcap, 10% each. I’ll test […]

Continue Reading →

My Fear of Hyperinflation

I did a little bit of research on inflation. Here are my notes. What triggers hyperinflation, quote Wikipedia: Hyperinflation is often associated with some stress to the government budget, such as wars or their aftermath, sociopolitical upheavals, a collapse in aggregate supply or one in export prices, or other crises that make it difficult for the government to collect tax revenue. May the pandemic, with its frequent lockdowns and exuberant […]

Continue Reading →

A Crypto Name System Proposal

I have long been daydreaming of a unified name system for everything crypto. That is, one single namespace for: Address aliases for Bitcoin and altcoins An alternative domain name system (DNS) for the Internet Secure messaging Ticker symbols for crypto stocks and other DeFi assets Whatever else creative souls can think of I know there are many name systems out there. Namecoin, OpenAlias, Counterparty, Handshake, HNS, ENS and Unstoppable Domains […]

Continue Reading →

The Discovery of the Oldest NFT Sold on Auction

In March this year Telegram user Cornholio the Great discovered OLGA, the oldest known NFT. He went on to create another NFT named OLGANFT which is a tribute to the original OLGA. This screenshot of the chat is the NFT: The drawing shown on the chat is the original OLGA which he discovered on the bitcoin blockchain as a base64 image. Cornholio put OLGANFT up for auction with the following […]

Continue Reading →

GIMP – Outline Text Shortcuts

These are the steps to outline text in GIMP: Write the text Right click inside text box Select Path from Text Shift+CTRL+N to open the New Layer form Enter to OK the default options Shift+V to select the path around the text Click Select, then Grow… Enter to OK the default options Shift+B to select the Bucket Fill Tool Click over the text to fill with the foreground color Click […]

Continue Reading →

Do Testnet Bitcoins Have Real Value?

Testnet bitcoins (tBTC) are supposed to be worthless. After all, the purpose of these coins are to allow for testing without risking real money. However, these coins are getting difficult to get hold on and the faucets are running dry. Will testnet coins soon be traded for real money? What is testnet exactly? The Bitcoin Core software lets you chose between two networks. The default is mainnet, or simply Bitcoin. […]

Continue Reading →

The transactions behind the OLGA NFT

OLGA is likely the first NFT ever created. It was made through the following bitcoins transactions: #1Tx Hash: e5e9f6a63ede5315994cf2d8a5f8fe760f1f37f6261e5fbb1263bed54114768aBlock: 305451Date: 2014-06-12View on Xchain.io and Blockchain.com.Purpose: Create OLGA token with description “One & Only”. #2Tx Hash: 34da6ecf10c66ed659054aa6c71900c807875cb57b96abea4cee4f7a831ed690Block: 305455Date: 2014-06-12View on Xchain.io and Blockchain.com.Purpose: Lock the token supply at one. #3Tx Hash: 627ae48d6b4cffb2ea734be1016dedef4cee3f8ffefaea5602dd58c696de6b74Block: 369466Date: 2015-08-11View on Xchain.io and Blockchain.com.Purpose: Embed the OLGA art piece on the blockchain. The third transaction contains a […]

Continue Reading →