Warren Buffett once famously identified a natural progression of “three I’s” as to how good new ideas go wrong.
The man responsible for interpreting religious law in Egypt has banned Bitcoin. Grand Mufti Shawki Ibrahim Abdel-Karim Allam has issued a fatwa telling Muslims the world’s most famous cryptocurrency is haram – or forbidden. They are not allowed to sell, buy or rent using Bitcoin. Whether his order applies to just Egypt’s Muslims – or […]
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.
Vietnam is one of a number of countries who have recently announced they’re looking at authorising Bitcoin as a form of payment and therefore further legitimising this cryptocurrency.