Bitcoin: Don't Trust, Verify

Week of April 1, 2020

“There Is An Infinite Amount Of Cash In The Federal Reserve”

Neel Kashkari, president of the Federal Reserve Bank of Minneapolis, said Sunday night on 60 Minutes that “there is an infinite amount of cash in the Federal Reserve. We will do whatever we need to do to make sure there’s enough cash in the banking system.” For some of us, this confession may be an eye-opener. For others, we’ve come to realize that the Fed has always had this power. We can only hope that with the amount of attention the dollar is getting in the media these days, that more people are beginning to ask themselves why we still assume this government funny-money still has value. Read More

Whose Money Is It Anyway?
“It’s our money; we are the ones, it’s our currency.” Those words came from President Trump this week after being asked about QE4 (Quantitative Easing Round 4) and whether or not it would be effective in rescuing the economy. But he’s right, the US Dollar is the central bank’s money. It’s not the people’s money. The dollar in your pocket or in your bank account is a Federal Reserve Note, a piece of debt with a claim to something of value at the bank. What that note actually represents is a promise from an institution. An institution that just admitted to having infinite money. Read More

“Don’t Trust, Verify.”
Bitcoin, on the other hand, is actually your money. You don’t have to trust any institution, politician, central banker, or spray-tanned man in the oval office. You can verify the total money supply and sleep easy knowing it isn’t being inflated to the tune of a $6 Trillion bailout. You can verify your money on the blockchain.

41 Days Til The Bitcoin Halving
The blocks continue to tick off and we’re getting extremely close to the next Bitcoin halving. As central banks increase the rate of new money, Bitcoin is about to decrease the rate of new money. 2020 will be an exciting year for Bitcoin.

Bitcoin Ranges Around $6,000
Use caution and stay safe if you visit a grocery store near you with a kiosk.
For purchases of $5,000 or more, Coinme’s Personal Bitcoin Advisors can help you buy digital currencies from the comfort of your own home.

Wishing you the best,

-Your Coinme Team

Coinme Blog.

Understanding Bitcoin Network Fees

Bitcoin network fees, or bitcoin mining fees, refer to a sum that is charged to complete a bitcoin transaction. These bitcoin fees are tacked onto the amount that the sender inputs and added to the total transaction amount. Like the bitcoin network itself, bitcoin fees are dynamic. When the bitcoin network gets busy, or when there are more transactions happening, the bitcoin network fees increase.

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Bitcoin Giving

Whether you are feeling good about the recent bitcoin market gains, or just generally feeling the giving-back vibe of the holiday season — there are plenty of ways to donate bitcoin to great charities and nonprofit organizations.

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