Arguably, the most interesting feature of the Bitcoin system is the way in which Bitcoin payments are processed. To make it clear why payments must be processed at all and how Bitcoin processes payments differently, I’ll look at processing payments with cash and banks before turning to bitcoin. Think about a cash transaction. Cash transactions […]
Cryptocurrency is an item intended for use as a commonly accepted medium of exchange that exists in the digital world and relies on encryption to make transactions secure.
Like something straight out of a Neal Stephenson novel, Bitcoin has cyberpunk sex appeal. It foreshadows a radical change in the social and economic order and is shrouded with a mystique and aura that can be difficult to penetrate.
There are 32 national currencies in these playoffs, from the 32 largest economies in the world. The winner of each currency-to-currency matchup depends on their exchange rates from January 1 to December 20, 2016.
The benefits of having a denationalized form of money are great. Apart from the inherent budgetary constraints it would impose on governments it also makes trading and the transferring of money cheaper and easier. The potential this has for emerging market economies is breathtaking. Professor Jerry Brito talks how Bitcoin can help alleviate poverty in […]
You may have heard a news report or two about Bitcoin. Your friends might have mentioned it in passing at the latest cocktail (read: frat) party, and you may even know someone who has invested in it. But what exactly is Bitcoin? And why is it important? In this program, you will learn the basics […]
This post by Kevin Boyd originally appeared on R Street on October 19th, 2015. Below is an excerpt. Bitcoin and other cryptocurrencies have grown in influence and usage the past few years. People looking for an alternative to government-issued fiat currencies, or who simply don’t trust having their spending tracked by banks, have flocked to them. Bitcoin […]