Another article on last week’s anniversary…

As mentioned previously, last week was the 51st anniversary of the “closing of the gold window” by Nixon. He did this because the Federal Reserve had devalued the dollar and the gold that it represented was now worth more than the $35 dollars that was promised at Bretton Woods in 1944/1945. So some smart European … Read more

A 51 year anniversary this week!

On August 15th, 1971 Nixon closed the gold window which prevented foreign governments from redeeming their dollars for gold. Here is that historic video where he blamed the situation of the devaluation of the dollar on speculators: https://www.youtube.com/watch?v=7_Xw5tWsOQo The inconvertibility of gold was also sold as a temporary measure. Lol! This was actually the second … Read more

More updates on the Lightning Network

Yet another good article on the Lightning Network. Please let us know if you are interested in selling your goods and services in Bitcoin (BTC). You will attract a new incremental customer base if marketed properly, and your average sale price will increase. And… you will look smarter than you already are by being ahead … Read more

Another great, concise article on the benefits of the Lightning Network

Below is the link to another great article on the Lightning Network. It is important to start grasping the terminology of “Layer 1” and “Layer 2”. Also note the low fees and high speed of the Lightning Network which is under a very rapid adoption curve.  https://bitcoinmagazine.com/technical/lightning-network-payment-technology-advantages

Legislation introduced to list Bitcoin and Ethereum as commodities

Last week legislation was introduced in the United States Senate seeking to classify Bitcoin(BTC) and Ethereum(ETH) as commodities to be placed under the oversight of the Commodities Futures Trading Commission (CFTC).  It was long anticipated and expected that BTC would not be classified as a security and would instead be a digital asset to be … Read more