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What is Bitcoin? Bitcoin is a cryptocurrency and a digital payment system invented by an unknown programmer, or a group of programmers, under the name Satoshi Nakamoto. It was released as open-source software in 2009.
The system is peer-to-peer, and transactions take place between users directly, without an intermediary. These transactions are verified by network nodes and recorded in a public distributed ledger called a blockchain. Since the system works without a central repository or single administrator, bitcoin is called the first decentralized digital currency.
Besides being created as a reward for mining, bitcoin can be exchanged for other currencies, products, and services in legal or black markets.
Bitcoins in its pure essence is money. It is digital currency that serves the same functions and pu…

Hit Record Producer Murda Beatz Tells Fans He Purchased Bitcoin

Hit Record Producer Murda Beatz Tells Fans He Purchased Bitcoin

Another hip hop artist has joined the cryptocurrency community, as the Canadian record producer, DJ, and songwriter ‘Murda Beatz’ (Shane Lee Lindstrom) said he bought some bitcoin on Tuesday. The music producer joins a slew of other recording artists that have joined the crypto ecosystem like 50 Cent, Talib Kweli, Snoop Dogg, and Nas.

On October 6, 2020, the Canadian record producer Murda Beatz revealed to his 283,000 Twitter followers that he just purchased some bitcoin (BTC). Murda Beatz is Shane Lee Lindstrom’s stage name and he’s been a well-known music producer for a number of years.

Beatz has produced hit singles for the American rappers Gucci Mane and Travis Scott, and the Canadian rapper Drake as well. The 24-year old Fort Erie producer is estimated to have a net worth of around $2.6 million today.

Hit Record Producer Murda Beatz Tells Fans He Purchased Bitcoin

On Tuesday, Murda Beatz thanked fellow hip-hop artist Jermane Prime and Morgan Creek Digital cofounder Anthony ‘Pomp’ Pompliano for introducing bitcoin to him. Murda Beatz tweeted:

I Bought Bitcoin Today… Salute 2 [Jermane Prime and] Anthony Pompliano].

Murda Beatz and Jermane Prime are just a couple of the well known hip hop stars that have entered the cryptocurrency economy. For instance, back in November of 2015, the now-defunct Coinbase application Zapchain sold Talib Kweli’s album for bitcoin.

Nasir bin Olu Dara Jones, better known by his stage name Nas, also got into bitcoin years ago. Nas gave away bitcoin to a bunch of fans six years ago and told Coindesk in 2014 that he was an investor in Coinbase.

Additionally, Dr. Dre’s protege Snoop Dogg sold his 2013 album for 0.3 BTC and tweeted about joining the future. “The future is here and Snoop is your captain, taking you to the moon (that’s a bitcoin thing) — My next record available in bitcoin and delivered in a drone,” Snoop said.

After Murda Beatz told his followers that he purchased bitcoin a number of people commented and welcomed the music producer.

“Wise decision. Bitcoin is the best form of money humankind has ever invented. Keep stacking,” an individual replied to Murda Beatz. Meanwhile, other people sent the hip hop star satoshis via Twitter bots on Twitter.

Another person told Murda Beatz that hopefully, he’s not storing the bitcoins on a centralized trading platform. “Get that bitcoin off exchanges make sure it’s in a secure place like a Ledger [wallet],” he tweeted.

What do you think about Murda Beatz telling his 283,000 followers he just bought bitcoin? Let us know what you think about this story in the comments below.

The post Hit Record Producer Murda Beatz Tells Fans He Purchased Bitcoin appeared first on Bitcoin News.



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