Bitcoin has been back in the news. The US Securities and Exchange Commission (SEC) handed a blow to the cryptocurrency when it denied an application by the Winklevoss twins (of Social Network fame) to create an exchange-traded fund (ETF) based on Bitcoin called the Bats BZX Exchange. An ETF is […]
I haven’t written a blog post about Bitcoin and the blockchain for quite a while, mostly because I spent most of my BTC energies in this First Monday article with Chris Marsden. This blog post will act in part as an introduction to the concepts for those not familiar with […]
My scepticism towards Bitcoin is well-documented. While I really like the idea of decentralized payment systems and cryptocurrencies, the current implementation of Bitcoin has too many question marks for my liking. While the BTC exchange rate has been going up recently, in part prompted by a bit of hype arising […]
On May 28 2015, federal district judge Katherine Forrest sentenced Ross Ulbricht to life in prison for his role as the creator and administrator of the notable dark net website Silk Road. The site was an anonymous online marketplace that could run using encrypted connections over the Tor network. The […]
After some bad news for the Bitcoin world, including the demise of its former largest exchange, may be reaching a mature stage. Bitcoin’s price continues to swing wildly, in the last 60 days the price has been in the range of $420-580 USD. Such currency instability has been one of […]
Bitcoin has continued to rise in price, if not in adoption. Other than small services here and there, commerce is justifiably sceptical about using it as a means of exchange. Where BTC has been generating news is in its price, and there it has shown that some people will invest […]
Consider the following scenarios: A person has all of their money taken from their bank account by fraudsters. An armed gang enters a bank and takes all of the cash stored there. A person has their credit card stolen and the thief goes on a shopping spree. A group of […]
As I am finishing writing this post, Bitcoin (BTC) is in the middle of a crash, or what some people call in technical terms, going completely bonkers. I have been unhealthily interested in bitcoins for more than a year, and I have been following it closely. This includes reading papers, […]