Ponzi schemes, or pyramid schemes, have been prevalent for eons, across all markets.
Bitcoin – You’ve heard of Buyer Beware, but what about Reader Beware? Bitcoin has become the hot topic of conversation with media coverage, casual conversations, social media posts, videos and blog posts popping up everywhere. I believe it’s great to see conversations arising because they ultimately lead to education. Yet only this weekend I saw […]
We’ve taken a look at Bitcoin is in terms of a distributed ledger vs a centralised system and how bitcoin compares to ‘traditional’ money. Now let’s talk about becoming your own bank and what that means.
What is Bitcoin Cash? Bitcoin Cash is a form of digital money, based on Bitcoin (BTC), that came into existence on 1 August 2017 through what’s known as a fork. Whilst there are many digital currencies based on Bitcoin, what makes Bitcoin Cash different is that it goes the extra step of also using the […]
For those who enjoy technical details BTC (Bitcoin Core) the first and biggest cryptocurrency by market capitalisation ($250bn) at the time of writing, and trading over $14,500 is one of 1,337 cryptocurrencies according to http://coinmarketcap.com, with the total market capitalisation of all cryto currencies around $417bn. The journey to understanding cryptocurrency takes one into a […]
In Part 1 of What is Bitcoin we looked at the differences between the benefits of a centralised system vs a distributed ledger and the digital currency bitcoin. In this post let’s take a look at a few functions of money to see how bitcoin stacks up against the money we’re familiar with using in […]
According to the billionaire Carl Icahn, the answer is yes. He told CNBC this week that it is similar to swampland next to the Mississippi river. He’s talking there about a bubble that nearly bankrupted France, back in the early 1700s.
This independent guide walks you through the setup of Jaxx, a popular and free software wallet. Cryptocurrencies like Bitcoin are held in wallets, which hold the public and private keys required for transactions. A wallet can take the form of a downloadable app, a piece of specialist hardware or simply a piece of paper.