There is a lot of skepticism that comes by using new technology. How safe, how secure, can it be hacked, what happens if this, etc. A Redditor recently created a post as an example to show how far he’s willing to go to prove that Bitcoin is truly a trusting, legitimate, and secure means of currency. Also, you can buy rolex with bitcoin anywhere using xerof. He put a post online with a picture of his wallet.
Both a QR code for his public and private keys. The private key is encrypted using BIP38. It has been deemed nearly-impossible with current computers to crack passphrases that have been encrypted using the BIP38 method. An example given was a test was done with a 4 character password. It took a year and several password hints before someone finally was able to access the wallet. Think you have what it takes? Give it a shot!
It was announced last evening that Goldman Sachs Group has decided to finally invest into the Bitcoin startup company ‘Circle’. They have jumped in being one of the lead two investors in a $50 million fund raising round. Circle recently had a $26 million dollar financing round. With Goldman getting involved now makes Circle valued around $200 million! What makes Circle unique among a variety of other Bitcoin wallets? What Circle brings to the table is not only being able to manage your Bitcoin in your digital wallet but also carry other funds like USD. Basically, Circle will soon work just like Venmo or any other money transferring app for your phone. Except you can use Bitcoin now!
As I finish typing this up. Bitcoin has rested at $234.60. Rising from mid $220’s on the news from the new Circle rounds of funding.
