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ROUND AND ROUND WE GO
OH THE IRONY
FROM THE OPIUM WARS TO BITCON
WE WENT FROM PAYING FOR TEA
IN THE 17TH -18th CENTURY USING SILVER THEN GOLD
TO NOW USING BITCOIN 21ST CENTURY
Bitcoins use by tea trade brought to notice of Ministry, board
KOLKATA, January 5, 2014
The attention of the Commerce Ministry and Tea Board has been drawn to a section of small and specialised tea growers and exporters opting for US-based online trading platforms to use digital currency Bitcoin as a means of expanding their international business, bypassing the normal banking channels and thus depriving the Exchequer of revenue.
YOU CAN MINE BITCOIN BY HAND
Ken Sherriff : Mining Bitcoin with pencil and paper: 0.67 hashes per day
I decided to see how practical it would be to mine Bitcoin with pencil and paper. It turns out that the SHA-256 algorithm used for mining is pretty simple and can in fact be done by hand. Not surprisingly, the process is extremely slow compared to hardware mining and is entirely impractical. But performing the algorithm manually is a good way to understand exactly how it works.
THE FIGHT FOR CONTROL OF THE WORLD’S WEALTH IS BETWEEN MERCHANTS AND ROYALTY
The very essence of the banking system is to make us all slaves to debt.
American Credit card and debit fees in the U.S. totaled $72 billion in 2013.
Americans’ total credit card balance is $1.079 trillion in the third quarter of 2023, according to the latest data from the Federal Reserve Bank of New York.