Bitcoin is hot! It rose to $5480.68 per coin recently! People are scrambling to get hold of it. But, can you actually pay for things with this digital cash? Yes! This is by no means all of the businesses accepting Bitcoin, but it is an interesting list of big names …
Read More »How Halving Affects the Bitcoin
The halving takes effect when the number of ‘Bitcoins’ awarded to miners after their successful creation of the new block is cut in half. Therefore, this phenomenon will cut the awarded ‘Bitcoins’ from 25 coins to 12.5. It is not a new thing, however, it does have a lasting effect …
Read More »Do Bitcoin Miners Need Product Managers?
Have you hear about bitcoins? It’s the craziest thing – people are in the process writing their own product development definition and inventing a brand new currency! This currency has no ties to any government or country. The whole thing “lives” in the minds of the computers who together make …
Read More »Bitcoin Mining – A Phenomenon That Involves a Bit More Than Number Crunching
The charismatic cryptocurrency and the numerous thoughts that crop up in the minds of the onlookers often surround few obvious questions – how does it come into being and what about its circulation? The answer, however, is straightforward. Bitcoins have to be mined, in order to make the cryptocurrency exist …
Read More »Bitcoin Remains Volatile Option for Investors
For those who have not been following the saga of Crypto Currency, Bitcoin and Litecoin, it may come as a surprise that currencies with no intrinsic value remain a volatile commodity for investors. For those who have been keeping up with conversion rates for digital currency it is clear that …
Read More »Why You Should Use Bitcoin
Bitcoin is a big deal right now, but not everyone understands why. More importantly, not everyone understands whether or not Bitcoin is for them, and how they can get involved. Here are some of the most compelling reasons why you should use Bitcoin. More secure than banks The Bitcoin algorithm …
Read More »Introduction to Bitcoin
Bitcoin is a sort of crypto-currency that has revolutionized the online financial market. In terms of finance, this is an incredibly innovating concept. The Bitcoin currency value is determined by an algorithm, and everything is transparent for everyone involved, so no one has any surprises. Central agencies cannot control the …
Read More »The Bitcoin Mining Game Has Changed
ASCI or application-specific integrated circuit machines have arrived in the Bitcoin mining market. The first machine arrived at a miner’s home in late January and ever since reports have been trickling in of shipped ASCI machines finding their way into miner’s Bitcoin mining rigs. Since ASCI machines are designed specifically …
Read More »Bitcoins Crime
Whether you think Bitcoins are the currency of the future or a passing gimmick, you cannot deny that some folks have already made millions. So with the attraction of “easy” money comes crime. And the crime is getting bigger and more sophisticated. At first it was the petty crime. People …
Read More »An Economics Education by Bitcoin – Part I
For those unfamiliar with Bitcoin, there are better ways to begin understanding it than this article; I’d recommend Wikipedia for starters. This article is intended for those who already think they know what Bitcoin is, but haven’t yet traded in it. I was there – I thought I comprehended it, …
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