Connect with us

Published

on


Some people seem to say they know who the creator(s) of bitcoin is/are due to conspiracy theories. In Japanese, “Satoshi” translates to “clear thinking,” “quick-witted,” “wise.” “Naka” can mean “inside” or “relationship,” while “moto” is defined as “origin,” “the cause,” or “the foundation or basis.” Because of these translations, there are people that believe bitcoin was created by the CIA (Central Intelligence Agency). There are even conspiracy theorists that believe four companies were behind the creation of bitcoin—Samsung, Toshiba, Nakamichi, and Motorola—whose names, when put together, make up “Satoshi Nakamoto.”
The truth remains, however, that bitcoin is the brainchild of a mysterious, unknown person or group known as “Satoshi Nakamoto” and that to this day, nobody knows who the entity behind bitcoin is.


Bitcoin cannot be used to purchase anything of real value. Bitcoin can actually be used to purchase anything in the world as long as it is accepted by the seller. Bitcoin is a currency used by millions of people everywhere, thus making entry to the global economy more accessible.
Most people say bitcoin is a “decentralized” currency while many others argue otherwise. This is because four mining entities control more than 50% of the hash rate. Regardless of whether or not you believe bitcoin to be a decentralized currency, it has unquestionably been built on a distributed system.
Bitcoin itself has no value. You might hear that bitcoin is a hoax, that it has no intrinsic value, and is not backed by the dollar or by precious metal. But wait a minute—how about our government-issued paper money? What’s backing our fiat currencies apart from a central bank that has complete control over how much money they can print?
With fiat currencies, governments can print an infinite amount and inflate the value, which decreases our purchasing power and can even lead to over a 100,000 percent hyperinflation, similar to what happened in Venezuela.
After all, money has value simply because we believe it has value. It could be shocking for you to discover that in the case of bitcoin, it has value because it has been defined as both a type of commodity and a type of currency. While it can be used to make purchases (currency), government jurisdictions such as the IRS (Internal Revenue Service) may also treat it as a property (which may make it taxable).
The United States does not support bitcoin. It might surprise you to learn that the United States has the highest number of functional bitcoin ATMs—even more than the total number of bitcoin ATMs in all the other countries of the world combined.
Bitcoin is just an idea. If bitcoin were just an idea, it would not have value. At the moment, billions of dollars of investment ride on bitcoin. Moreover, what adds to the value of bitcoin is that there is a finite and limited supply of 21 million bitcoins.
Bitcoin is a scam or bitcoin and MMM (Mavrodi Mundial Moneybox) are the same. Bitcoin is open, decentralized, and borderless. It is not a company and is not owned by anyone. It’s unfair and illogical to blame bitcoin for the existence of pyramid schemes. If you understand the technology behind it and how it works, you’ll know that bitcoin has no pyramid structure.
A lot of Nigerians who fell victim to the popular Ponzi scheme “MMM” were advised to invest in bitcoin, as many people were converting their cash into bitcoin during that time. These people invested in the Ponzi scheme with high hopes of exorbitant returns. However, the capital invested was lost and so was the ROI (return on investment). As a result, the victims readily took to social media calling bitcoin a scam, when what really happened was that the MMM platform exploited bitcoin for their planned exit scam. Bitcoin was not, is not, and will never be a scam.
Bitcoin is used for illicit activities. Initially, bitcoin was enthusiastically taken up by criminals to conduct a range of illegal activities, and it became  popular in black markets like Silk Road and other dark web proponents. That is, however, a good sign and we’ll tell you why.
According to crime historian Jérôme Blanchart, criminals are usually the early adopters of emerging technologies. For example, cars were first used by bank robbers as a means of escape, while police—the good people—chased the robbers on bicycles or horseback. As bitcoin gained a significant boost in popularity, criminals have abandoned bitcoin for another currency. A report suggested that at present, less than 1% of bitcoin transactions are related to “illegal” activities. Interestingly, and perhaps not surprisingly, there are a lot more activities, both legal and illegal, that are conducted with fiat currencies.
Bitcoin is more traceable, trackable, and less anonymous than cash, therefore making it a surprisingly safer option. Though its reputation may need some repairing, there’s no denying that bitcoin is the currency of the future that will change the way people manage their finances.

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Entertainment

What Inspired New Movie “Ola” – Popular Actress, Kiitan Bukola Reveals

Published

on

  

Oloruntimilehin Bukola popularly known as Kiitan is one of the wave-making actresses in the movie industry. This very humble, highly talented and down to earth actress has achieved so much as an actress cum producer within a short period in the industry, compared to many of her contemporaries, and she is leaving no stone unturned to still achieve more in the industry.

 

Kiitan achieved so much in 2021 from acquiring a house, to buying an exotic car, bagging several awards for her exceptional role interpretations in movies.

 

Despite all these, she still not relenting as she will be premiering her 4th movie titled “Ola” soon.

 

In this interview with City People’s BIODUN ALAO, she talked about what really inspired her latest movie, how she has been able to achieve so much in a short while and why she has been keeping to herself in the industry. Below are the excerpts.

 

What inspired your latest movie titled “Ola”?

 

My latest movie titled “Ola” (Tomorrow) was inspired by the things I have seen about life. A lot of things are happening today that many even forget there is tomorrow and also they have forgotten many things we do today determines our tomorrow.

 

What should expect from this latest movie and the premiere?

 

I want people to expect something new and different, it is very different from my usual movie. When I sit back and watch. I am always surprised that I could come out with I thank God. I was able to change my character from what people are used to watch, so people can see another part of me as an actor.

 

How have you been able to achieve so much as a young actress in the industry?

 

It’s been God, I am only trying my best so I give God all the glory. I am not perfect but God has been indeed faithful.

 

The year 2021 was a very fulfilling one for you, what is the secret?

 

The truth is 2021, I focused more on my career, when I joined the movie industry, I had a target and I always want people to know that the Yoruba movie industry is actually not what people think of it.

 

Some will even say oh Yoruba movies I don’t want to watch it, but I actually want to try my best to change that narrative through my own movie by producing unique and interesting movies that they can learn from. We have good producers that produce fantastic movies in the industry and I want to be counted among those very few.

 

What is the secret of your success in the industry?

 

There is actually no secrets anywhere I am only trying my very best to do something different and unique.

 

I have been trying so hard to challenge myself and do something some other people believe it is too difficult for them.

 

If you have the opportunity to change anything now about yourself in the industry, what would it be?

 

Honestly, absolutely nothing. I don’t want to change anything but rather work harder to be a better person. You are also one actress that tends to always mind her business in the industry, what prompted that decision?

 

Naturally, I am a lane minder, even outside the industry, I mind my business and keep to myself a lot. Some will say it is because I am arrogant but truly I am not a proud person. I am a very emotional person, I get hurt easily, so as much as I don’t want to hurt people, I won’t encourage anyone to hurt me too. So that is why I mind my business.

 

I don’t like being taken for granted. I am always happy for people’s success and celebrate them. I enjoy being on my own.

 

What is your next plan after this movie?

 

I would like to do something better and bigger than this again. I just always want to be a step ahead.

 

Do you have any regret so far in the industry?

 

I don’t have any regret so far. Being famous actually rob one of her privacy, maybe that is the only regret so far. I am this person that doesn’t like putting my family in the limelight. I don’t want anybody to know about my relationship but being popular people wants to know about your everything and that is very scary so that is like the only aspect I don’t like.

 

What is your greatest desire in the industry?

 

The greatest desire in my career is to be at the very top, become an A-list actor, though I know it requires lots of hard work and I am working tirelessly towards that. I want to see myself in Hollywood, I want to see myself on Netflix and make my fans really proud.

 

How many movies have you produced so far?

 

I have been in the industry for a while now and I have produced 3 movies. My latest movie “Ola” (Tomorrow) is my fourth production and it will be premiered on the 27th of December and I honestly can’t wait for people to see it, it is far from the usual.

 

I know what I am talking about. I had to challenge myself this time around. I can’t wait to start getting reviews.

Continue Reading

Entertainment

8 Reasons to Subscribe to JMSlide This Season

Published

on

 

Not currently subscribed to JMSlide? Now maybe the time to reconsider! Here are reasons why you should subscribe to JMSlide

 

Ever since its official launch in Nigeria on Sunday, December 5, 2021. JMSlide has remains the top choice for TV and movie streaming in 2021 thanks to its ease of use, lack of commercials and exclusive content.

Streaming shows and movies over the internet is the best way to watch TV, and JMslide is proving to be the best choice so far for streaming entertainment. JMslide includes a wide variety of familiar network shows and more original series that streams effortlessly like one is watching movies offline.

Depending on the plan you choose, JMslide costs between N1000 and N2350 per month, which is at the most affordable end for a streaming service couple with its sheer variety and number of new things to watch.

JMslide may have been one of the recent platform in the world, but it’s the first of its kind from Nigeria, but it’s kept its momentum with its increasing number of original shows and movies -many of which have been tipped to bag major awards and nominations.

 

Compared to other streaming platforms, you can’t beat JMSlide’s slate of original TV shows and movies that are considered among the best of the modern era of television, , such as Bosun’s Empire, Alabede, The Grudge, Cocktale, Emilola and many more.

JMSlide has more 4K content than just about any other streaming service, and a lot of its 4K shows and movies are also available in HDR. High dynamic range provides an even bigger improvement in image quality than 4K, with better contrast and color, and the difference is especially apparent on large, higher-end televisions.

JMslide’s browsing features and algorithm for recommendations have never been stellar.

Browsing categories on the service is also easier, with the homepage split into a variety of popular categories that you can expand to explore more. On the JMslide website, you can hover over series to see their trailers and expand the preview to get more information without leaving the homepage.

JMslide remains my favourite streaming platform of the increasingly large bunch. It has a huge selection of movies and TV shows old and new tons of high-quality original programs, and an easy-to-navigate interface.

Check it out and let’s hear from you https://jmslide-us.com/

Continue Reading

Trending News