Astonishing Blossom

12/06/2022

Starlink signals can be reverse-engineered to work like GPS—whether SpaceX likes it or not
Starlink is a satellite internet service operated by SpaceX, the company founded in 2002 by Elon Musk. SpaceX designs, manufactures and launches rockets and spacecraft. SpaceX started launching Starlink satellites in 2019 and as of September 2022 has launched more than 3,000 satellites into low-Earth orbit (LEO).

Starlink primarily focuses on delivering high-speed, low-latency broadband internet in remote and rural locations globally.

09/30/2022

Two pizzas for Rs 2,260 crores! 12 years of the Bitcoin Pizza Day
Almost 12 years ago, a Floridian programmer named Laszlo Hanyecz was craving pizza. So, he bought two. But the catch here is, that he paid in Bitcoin in the first-ever recorded real-world transaction using crypto.

Hanyecz announced on the Bitcointalk.org forum on May 18, 2010, that he planned to use Bitcoin to buy pizza, preferably two large pies. He was willing to pay 10,000 Bitcoin to anyone who could place an order, collect the cryptocurrency, and bring it to him.

Days passed and Hanyecz was still unable to find anyone who was willing to take up his offer. He was losing hope.

But then, on May 22, Jeremy Sturdivant, a 19-year-old at the time, started turning heads on the forum. He accepted the offer of 10,000 Bitcoin for two pizzas, valued at around $41 back then.

Sturdivant purchased the two pizzas and delivered them to Hanyecz’s place in Florida.

Laszlo Hanyecz posted on the forum that he had received the pizzas and shared the following photograph with his family.

09/30/2022

Warren Buffett in 2022: What you can learn from one of the world’s best investors
Warren Buffett is arguably the greatest investor of all time and has compounded his money at such a high rate that he’s now the seventh richest person in the world with a net worth of nearly $100 billion, according to Bloomberg.

Buffett is unique among the world’s wealthy in that he amassed his fortune by investing and reinvesting his capital into a number of different businesses before ultimately taking control of Berkshire Hathaway, which serves as his primary investment vehicle today.

Thanks to his enormous success, integrity and willingness to speak publicly about his investment philosophy and other matters, Buffett’s fame has grown significantly over the years. Berkshire’s annual shareholder meeting was once held in a small cafeteria with just a dozen or so people in attendance, but today it attracts tens of thousands and is broadcast online.

Here’s what else you should know about Warren Buffett, his investment approach and a breakdown of his largest holdings right now.

09/28/2022

Stock Market Crash of 1929
On Black Monday, October 28, 1929, the Dow Jones Industrial Average declined nearly 13 percent. Federal Reserve leaders differed on how to respond to the event and support the financial system.

09/27/2022

09/27/2022

Best Overall: The Bond King
This may be the year for books about Bill Gross. In addition to The Bond King by Mary Childs, which we rank the best overall investing book on our list, the subject himself has released a self-published autobiography called I’m Still Standing: Bond King Bill Gross and the PIMCO Express.

09/27/2022

Bitcoin (BTC) was the first cryptocurrency ever created back in 2009, and it remains the most popular and valuable digital currency in the world today. Bitcoin is a blockchain-based decentralized digital currency powered by a network of users who verify and record transactions without relying on a central authority or intermediary.

Bitcoin is an alternative to fiat currencies, such as the U.S. dollar, that are controlled by governments and central banks. Transactions are verified via a process known as a proof-of-work consensus mechanism. Bitcoin miners compete to verify transactions by solving complex mathematical functions using powerful computers.

09/27/2022

John T. Reed, says, "Rich Dad, Poor Dad contains much wrong advice, much bad advice, and virtually no good advice." He also states, "Rich Dad, Poor Dad is one of the dumbest financial advice books I have ever read. It contains many factual errors and numerous extremely unlikely accounts of events that supposedly occurred."

09/27/2022

02/04/2022