Bitcoin Loophole. Has Bitcoin Been Hacked?

Bitcoin Loophole

Amazingly the underlying Bitcoin framework and blockchain has not been hacked or compromised. This is a massive achievement given the open source nature of the code.
[vcw-table color=”white” currency=”USD” symbols=”BTC,ETH,XRP,LTC,DASH”]

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Crypto week at a glance: Bitcoin gets institutional attention; Ether continues to shine Economic Times
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Man Loses Over $700,000 in BTC to Alleged Bitcoin Trading Scam Advertised on YouTube The Daily Hodl
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Bitcoin rises back above $50000 Reuters

Bitcoin: A Peer-to-Peer Electronic Cash System The Bitcoin whitepaper is 9 pages long and consists of an Abstract and 12 sections. While i have read many articles about Bitcoin (see references below), for the purposes of this post i refer to the whitepaper “Bitcoin: A Peer-to-Peer Electronic Cash System” only: Bitcoin Whitepaper: ABSTRACT – Satoshi Nakamoto outlines: The Problem: There is no way...

Many people who have held bitcoin for a long time have been through several boom and bust cycles. Recently, many folks have noticed a pattern to these cycles linked to the bitcoin halving event that happens every 210,000 blocks or approximately every four years. The next one is anticipated to occur in April/May 2020. Historically, these halving events have not been properly priced into the...

Many cryptographic standards widely used in commercial applications were developed by the U.S. Government’s National Institute of Standards and Technology (NIST). Normally government involvement in developing ciphers for public use would throw up red flags, however all of the algorithms are part of the public domain and have been analyzed and vetted by professional cryptographers who know what...

“Since we’re all rich with bitcoins, or we will be once they’re worth a million dollars like everyone expects, we ought to put some of this unearned wealth to good use.”

Hal Finney, the first recipient of a Bitcoin transaction

The global financial landscape is undergoing rapid transformation led by the creation of modern future proof cryptocurrencies. Cryptocurrencies are the future of money. Their universal access allows anyone with an internet connection to utilize the power of this innovative technology. Payment Coin (POD) is simply a faster next generation form of digital cash than Bitcoin.

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