There is nothing selfish, strange, or weird about holding an asset that is rising in value.
Tag - cryptocurrency
Bitcoin is backed by the use value of the distributed ledger in the underlying technology of the Blockchain.
As their currency is devoured by a socialist government and hyperinflation, Matt Kibbe explains how Venezuelans are turning to Bitcoin to preserve their wealth and keep their businesses afloat.
Cryptocurrency opened up the floodgates of monetary innovation a century after the enterprise had been shut down.
In Venezuela, the IMF has estimated that the inflation rate will surpass 700 percent by the end of the year, meaning that citizens’ wages will be worth only a seventh of what they were last year. If history is any guide, things will only continue to spiral out of control after that.
In 2013, I designed and built a cryptocurrency exchange for the China market. The basic concept & architecture only took a few days, but the full implementation required several years. I shared the basic architecture in 2013, and with the recent spike in interest in Bitcoin and...
The Argentinian government has decided that User is not welcome in their country, and has ordered credit card companies to stop doing business with them.
Finally Apple has relented. It will start accepting Bitcoin trading apps on the iPhone and iPad. They once did, but then backed off, leaving users stranded for a year. Faced with user revolt and an intensifying sense that Bitcoin is here to say, Apple reverted to its previous policy of...
We think we know but then, it turns out, we don’t know. That’s the main lesson I’ve gained from watching the extraordinary rise of Bitcoin, from an obscure protocol released on an Internet forum five years ago, to today’s global currency and payment system that...