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Monday, January 29, 2018

Greetings Infomaniacs,

Are you familiar with cryptocurrencies? You should be. Right now everyday, average people are making millions with cryptocurrencies like Bitcoin, and the market is growing every day.

If you're interested in investing in cryptocurrencies, or even if you're just curious about what they are and how they became so valuable, subscribe to CryptoNooz for free by clicking the link here.

Click here and Look for CryptoNooz at the top of the page.

Enjoy!

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WHO SAID IT?

QUOTE: "I think the internet is going to be one of the major forces for reducing the role of government. The one thing that's missing but that will soon be developed, is a reliable e-cash."

HINT: (1912 - 2006) an American economist who received the 1976 Nobel Memorial Prize in Economic Sciences for his research on consumption analysis, monetary history and theory, and the complexity of stabilization policy.

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RANDOM TIDBITS

Cryptocurrency is a digital currency that uses encryption (cryptography) to generate money and to verify transactions. Transactions are added to a public ledger - also called a Transaction Block Chain - and new coins are created through a process known as mining.

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The first decentralized digital cryptocurrency can be traced back to 'Bit Gold,' which was worked on by Nick Szabo between 1998 and 2005. Bit gold is considered the first precursor to bitcoin.

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Bitcoin became the first decentralized digital coin when it was created in 2008. It then went public in 2009.

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Cryptocurrencies have no fundamental backing. Unlike the U.S. dollars in your wallet, or any other currency around the world, digital currencies aren't backed by a central bank or a government. They also have no tangible fundamental factors with which to help derive an appropriate valuation.

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There are more than 1,300 cryptocurrencies, but bitcoin is king. If you've been following the appreciation of virtual currencies, you've probably heard a lot about bitcoin -- and with good reason. It was the first tradable cryptocurrency that was brought to market, and it currently makes up 54% of the aggregate $589 billion market cap of all cryptocurrencies.

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Blockchain is where the real value lies. Despite the emphasis on trading virtual currencies, it's actually what underlies cryptocurrencies that could be particularly valuable. Blockchain technology is the infrastructure that cryptocurrencies like bitcoin are founded on. It's a digital and decentralized ledger that records payment and transfer transactions in a safe and efficient manner.




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*** Weekly Mind-Scrambler ***

A woman shoots her husband, then holds him under water for five minutes. Next, she hangs him. He is very pleased with the results, and then they have a lovely dinner. Explain.

Submit your answer by clicking: TheDailyTease

Answer will be posted in Friday's Trivia Today. Good Luck! If your name appears in Friday's newsletter, EMAIL MICHELE your complete name and address to be shipped your prize.

Be sure to put "Winner" in the subject line.

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WHO SAID IT?

QUOTE: "I think the internet is going to be one of the major forces for reducing the role of government. The one thing that's missing but that will soon be developed, is a reliable e-cash."

ANSWER: Professor Milton Friedman

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