Following on from our post Bitcoin – Reader Beware let’s take a look at
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 […]
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 […]
Bitcoin is a form of money (currency) that only exists in the digital world. It operates without borders, so can be used globally. It doesn’t require a centralised system to work like the traditional global financial and banking system.