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One of the things that Ive found challenging to explain to people who are new to Bitcoin is what drives the seemingly astronomical and volatile price. Ive been asked numerous times to explain why Bitcoin is worth hundreds or potentially thousands of dollars. Heres an attempt at an explanation, though for something we use so…
I was at a dinner a few weeks ago with some fairly prominent Silicon Valley investors, and one of the things that quite a few attendees said was that they were believers in Bitcoin the technology, but not believers in Bitcoin the currency. It seems that many believe Bitcoin the currency is simply a tulip-like…
Maybe reviews at some point, but for now just some posts about Bitcoin… Colored Coins Questions One of the more interesting ideas to come out of the cryptocurrency community is the concept of colored coins, in which units of an asset (e.g. shares in a company or units of a fiat currency) are represented by…