While bitcoin has been mostly used as a speculative investment in the United States and other parts of the Western world up to this point, there are a few less-developed countries where the digital asset may already be a better option than the local fiat currency. When inflation gets out […]
Bitcoin can be a difficult concept to grasp initially, which is why analogies are often used to paint a clearer picture for people who are new to the technology. In the past, bitcoin has been described as digital gold, digital cash, and — more simply — an improvement on PayPal. […]
Rumors around bitcoin exchange-traded funds (ETFs) have been percolating since the Winklevoss Twins first started the process of launching such a financial product by sending an application to the U.S. Securities and Exchange Commission (SEC) back in 2013. No such product has received the blessing of the regulators up to […]
Bitcoin used to be the only noteworthy blockchain in existence, but that is no longer the case. Altcoins (cryptocurrencies other than bitcoin) first gained some notoriety in 2012 through offerings such as Litecoin, Namecoin, and Peercoin, and new blockchain-based releases like EOS have continued this trend into 2018. After all […]
One of the most common criticisms of bitcoin and blockchain technology more generally is the idea that governments will not allow these sorts of decentralized systems to disrupt the current financial order. JPMorgan CEO Jamie Dimon is perhaps the most notorious promoter of this point of view. But is such a […]
When bitcoin first gained notoriety as an alternative form of digital money, many advocates of the technology, especially those located in Silicon Valley, mostly talked about the relatively low-cost and instantaneous nature of the transactions; however, the blockchain technology behind bitcoin is actually much less efficient than traditional, centralized systems […]
When most people first hear about Bitcoin, they usually think there is some way in which the peer-to-peer digital cash system could be hacked. This is nothing new in some ways, as many internet users have seen their Facebook, Twitter, or other social media accounts come under the control of […]
Since the earliest days of the altcoin phenomenon, privacy has always been an area where developers have tried to make improvements on what is offered by bitcoin. While bitcoin was originally touted as an anonymous online currency used by drug dealers on Silk Road and other areas of the dark […]
2017 was the year when everyone and their mothers hopped on the crypto bandwagon, but it seems like at least half of those people have hopped off the wagon in the first half of 2018. According to CoinMarketCap.com, bitcoin is down a little over 50 percent this year, and the […]
Last week, we discussed some of the key issues with comparing bitcoin and various altcoins based solely on their respective market caps (read that post first if you missed it). Now that we’ve taken a look at the flaws of the market cap metric, it’s time to learn about some […]
