In January 2016, I spent $3,000 to buy 7.4 bitcoins. At the time, it seemed an entirely worthwhile thing to do. I had recently started working as a research director at the Institute for the Future's Blockchain Futures Lab, and I wanted firsthand experience with bitcoin, a cryptocurrency that uses a blockchain to record transactions on its network. I had no way of knowing that this transaction would lead to a white-knuckle scramble to avoid losing a small fortune.
As cryptocurrency loses its value, less electricity is being used, reports Alex Hern for The Guardian. It's a simple problem: the cost of energy isn't falling, so it's becoming uneconomical to mine crypto. Who benefits? Gamers! A GPU-buying tip tip, though, from James Archer at Rock Paper Shotgun: skip the shady mass-seller eBay deals, as… READ THE REST
Bitcoin's teasing its holders with a sub-$20k valuation for the first time in 18 months, reports NBC News. It's at $21,013 this morning. The world's largest cryptocurrency fell as much as 7.8 percent to $20,289, its lowest since December 2020. It has lost around 28 percent since Friday and more than half of its value… READ THE REST
I am famously on the record as an opponent of everything Journey. I hate that band. And I especially hate "Don't Stop Believing," to the point that I even included this little factoid in my professional bio. I have my reasons that I can get into, but that's not the point here. The point is… READ THE REST
We thank our sponsor for making this content possible; it is not written by the editorial staff nor does it necessarily reflect its views. If you're one of the millions of people who didn't win a Powerball, let us be the first to send our condolences. If you're anything like the rest of us, there's… READ THE REST
We thank our sponsor for making this content possible; it is not written by the editorial staff nor does it necessarily reflect its views. Black Friday is here, and if you're looking for great deals to start your holiday shopping, we're marking down some of our bestselling items from November 24 through 27! For example,… READ THE REST
We thank our sponsor for making this content possible; it is not written by the editorial staff nor does it necessarily reflect its views. The internet is a chaotic, weird, beautiful thing where you can find things from amazing infographics to fun news blurbs about what is clearly the prologue to a horror movie. When you're… READ THE REST