Bitcoin is the first cryptocurrency. It has an open source that no one owns or controls. Its transactions and emissions are regulated by an extensive peer-to-peer network. The cryptocurrency uses a single database distributed on the network, included in a decentralized peer-to-peer network that uses an electronic digital signature and is supported by a proof-of-work protocol to ensure the security and legitimacy of the funds put into circulation.

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Caitlin Long 🔑⚡️🟠

BlockFi

RT @CaitlinLong_: FOR POSTERITY: here's a 2019 thread calling out @BlockFi for leverage. After I pointed out a #Wyoming Supreme Ct case hol…

FOR POSTERITY: here's a 2019 thread calling out @BlockFi for leverage. After I pointed out a #Wyoming Supreme Ct case holding #rehypothecation is a felony in Wyoming, @BlockFi stopped serving Wyoming customers back then. 

Remember: a fool &amp; his leveraged #bitcoin are soon parted https://t.co/flnrwG4ViC

O₿iWan

Here's a link: https://t.co/bkGRalVOvH. h/t @ObiWanKenoBit for bringing this to our attention. At least they're open about disclosing it, rather than trying to hide it. I wonder how many customers understand the counterparty risk they're taking on--I didn't see disclosure on that https://t.co/k6RE6WLrcS