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Showing posts with the label blog

Gamee

Gamee Not strictly a cryptocurrency related post (yet) but I first found this via a cryptocurrency challenge in a telegram group and it does provide a potential source of cash that is paid out via paypal which can then potentially be used to purchase cryptocurrency. It's a collection of around 80 small games that can be played on a PC or a mobile device with no additional installation or cost. Every game played earns tickets into a weekly and daily draw for the chance of winning up to $500 per week or $5 per day. Other lucky number game cards also pay out $5 or $100 approximately every 4 hours. Daily spins also give the opportunity to earn small amounts of cash with one spin guaranteeing some cash if you log in for seven consecutive days. The reason that I wrote "yet" in the first line above is that in October 2020 there was an announcement from Animoca Brands and Gamee that there will soon be a Gamee Token being released based on the Ethereum (ETH) token. See this post f...

Stay Safe

A quick note today to say that it's really important to make sure you stay safe when getting into cryptocurrency (or even if you've been using it for a while).  Just like you wouldn't give anybody your credit card number, pin number or bank details it is also important to make sure that you don't give out any personal details that would compromise the security of your cryptocurrency. Never give anybody your private keys from any cryptocurrency wallet, never pay cryptocurrency to anybody with the intention of getting a return from them, watch out for unsolicited emails or messages to you that seem dodgy. I would never send an email to anybody asking for any personal details (I have no idea who any of my readers are and as this blog is just a personal account of my experiences I have no intention of making contact with you).  Scam emails are rife in the cryptocurrency world so make sure that you stay safe and please think, if something sounds too good to be true then it i...

Terms, Definitions and Jargon

I will use this space to write some (hopefully) plain English definitions of common terms related to cryptocurrency and I will keep updating this post so please bookmark it if you find it useful. Airdrop A time-limited promotion where cryptocurrency coins or tokens are given away in return for doing small tasks, like promoting the currency on social media, downloading software, referring friends etc. Cryptocurrency A purely digital currency that is secured by cryptography. Exchange An exchange is a website or application (app) that allows you to exchange one cryptocurrency for another kind of cryptocurrency. There are lots of different ones around that cater for various products, some are really large financially but only offer changes in a handful of major currencies whereas others may include lots of smaller currencies or tokens for exchange. When choosing an exchange you need to consider fees for exchange and for transferring in/out. A list of exchanges that I have used can be found...

The Basics

 So what do I mean when I say that this blog is going to be about Cryptocurrency? We all know what currency is, we use it all of the time: US Dollars, British Pounds, Euro's Japanese Yen etc. Each of these currencies have their own "tokens" such as coins or notes (in the US they have nickels, quarters, dimes, $100 dollar notes etc.) and they can be exchanged for products and services. We use the currency to buy things but only in the country where they are valid, you can't (usually) take Australian dollars and spend them in shops in Kenya for example. This means that the currency that we are used to is specific to the area in which we live and if we want to travel to a different country in the world we generally have to exchange one currency for another. The exchange often costs a small fee and we need to know in advance approximately how much we need to exchange otherwise when we get back home after a trip we have to exchange it back (and paying another small fee). L...

First post

Okay, it's my first post and I'm going to make it a short one. I've been looking at cryptocurrency for the last few months and thought I'd share my experiences of it so far in this blog. I'm not an expert, I haven't got rich, I'm not selling anything. I'm just interested in learning so I'm scratching the surface and seeing what I can find out and how I can educate myself about this (not) new but rising phenomenon. Stephan Colbert said that [bitcoin] was "Gold for nerds" . I'm a bit of a nerd (hey, I have a blog!) and I'd like some gold (although the realist in me keeps telling me that there's no way I'm ever going to make any money from this) so I'm going to take a look at some things out there and report back what I find so that hopefully it'll give you some feedback and we can learn together. The blog may not be very regular as I have other things to do, but everytime I find a new source of cryptocurrency, find som...