Bitcoin has been making news since the Christmas period. The price started rallying upwards to reach a high of US$1,129.87 on 4 January.
Watch out criminals! The Aussie government is coming for you. Your criminal ‘cash economy’ is over, kaput, finite. The jig is up.
There are only minor differences between the blockchain and how we currently transact electronically. Yet these differences could lead to huge benefits in the long run. Let me explain how.
There might be an undiscovered digital currency which takes over bitcoin and even the US dollar. But it likely won’t be the latest digital currency, S-Coin.
What makes Blockchain so special is that it’s spread over a network of nodes, thus encouraging transparency. It’s a system that works ‘without relying on trust’.
When the world is on the brink of financial collapse, it’s not gold, not currency, not even stocks that really flys. It’s bitcoin.
Blockchain technology is the new banking system. But in order for it to be a real success, the current banking system has to fail.
If you want to hedge against a financial crisis and a banking system collapse, your best bet might be a completely alternative financial system — bitcoin.
One of the most important recent developments is the emergence of virtual currencies (VCs). VCs are issued without the involvement or backing of a state.
If you wanted to invest in bitcoins and the blockchain, you wouldn’t go out and buy bitcoins. Instead it would be preferable to invest in companies on the forefront of blockchain technology.