by Rushali 
Today we will take a look at the technology behind the whole hype of bitcoins and other altcoins or tokens such as Ethereum, ripple etcetera and as usual, we will try to know about one of the personalities associated with the blockchain space. Those who are still not in the trend or are not following the business news nowadays or in that case are new to our blog, I am talking about “the blockchain technology.” so, what exactly is a blockchain?
A blockchain is a structure of blocks that are chained together and are connected through many computers owned by people. To understand this, we need to first understand how the transactions in a more mainstream world normally work. Let’s, take the example of PayPal, in PayPal you send the money to someone and the record is being kept and controlled by PayPal, suppose if PayPal goes rogue against you, which is definitely very very unlikely to happen but for the sake of this article let’s just say that PayPal goes rogue against you and decides to tell you one day that the one lakh INR you sent to your friend yesterday didn’t happen and there is no record about it because they are the central system controlling the page of transactions for your PayPal which cannot happen in blockchain system as it is a decentralized system which is not controlled by any particular organization and is verified by different people who are most likely not working for or with each other to validate your one lakh INR transaction.
This is the reason digital currencies are much more secure .. so the block is the term given to the page of transactions and different pages I.e., blocks linked together make a blockchain in which each and every transaction is managed and verified by different computers working together unlike a central controlling authority like the government of any country or in this case PayPal.
This is just a remarkably simple explanation of how blockchain works but, this is not it. It has an exceptionally substantial number of use cases in the form of smart contracts and other uses in various industries like medicine, school’s etcetera. Now let us look at one such personality associated with the same space and is one of the few people who is “All things bitcoin” as mentioned in his personal LinkedIn bio. *wink*
We will be talking about Tuur Demeester, the financial tech and hard money analyst who is “All things bitcoin”
Introduction
Tuur Demeester completed his graduation in science and modern language in 2001 from sint-lodewijks college, Brugge located in Belgium, on completing his education he volunteered as a social worker in Peder Morset Folkehoegskole.
He started his career as a freelance translator and web designer in 2006 and transitioned as a sales executive in Dorsoo in 2010.
While in 2006 he also laid the foundation of the Belgian Rothbard Institute, an academic, research-oriented think tank along with other co-founders.
He is also a co-founder of independent Sudbury school ‘De Kampanje, School voor Persoonlijk Ondernemerschap’ .
In 2008 he started commenting on public forums about the macroeconomic trends, He was also actively involved and started his own newsletter MacroTrends which he left in 2013.
This was the newsletter in which he started recommending Bitcoin as an alternative investment when the value of bitcoin was a mere $5 now trading at around $54,000.
He also worked as an editor for Goldonomics for 9 months till 2011.
In the same year, the Spanish academic paper ‘Procesos de Mercado’ published his paper “The business cycle: A definition” which revolves around the topic that economics is nothing without the involvement of morality and fundamental laws of nature.
Currently, Tuur Demeester is known as the founder and the editor in chief of Adamant research which is a firm working around on macro investments in the space of cryptocurrencies and blockchain, especially Bitcoin.
In his freelance translation career, he has translated two books
– Murray Rothbard, ‘Wat Heeft de Overheid met Ons Geld Gedaan?’ (2006, Murray Rothbard Instituut)
– Jesus Huerta de Soto, ‘Geld, Krediet, en Crisis’ (2011, Acco)
Also Read : Thomas Power Net Worth
Tuur Demeester Net Worth
Speculating the financial knowledge he had in 2013 that he used to advise others in his newsletter about bitcoin investment when it was trading for only $5 and is now also a well-known speaker in the bitcoin and crypto space. I am leaving it up to you to calculate the net worth when bitcoin is now trading at around $54000. Here is a tweet from him published in 2018
“If the Bitcoin price rises to over $1M, that would give ~100k bitcoiners “Ultra High Net Worth Individual” status (+$50M). With worldwide UHNWIs projected at only ~200k by 2022, this means the Bitcoin 1% could by then make up 30-50% of the world’s financial elites” @ TuurDemeester.
Remember this was way back in 2018, now it is up to your wild imaginations to speculate the net worth.
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