A Merry Bitcoin Christmas
If you purchased bitcoin one year ago today at $434, you would have seen a 100% rise. As of this writing on Thursday, December 22, 2016, one BTC$ is worth $868. The total value of all outstanding Bitcoin is now $14 billion, a small part of the world economy, but growing. Experts have different opinions […]
Where to Spend Your Bitcoin
The price of a Bitcoin is quite volatile, but it is currently double what it was a year ago. I believe the price will continue higher as more people get digital wallets and more merchants accept the digital currency. Coinbase, where I got my digital wallet, reported it now supports more than 43,000 merchants. If […]
Is Bitcoin Booming?
The word Bitcoin has often been associated with drug dealings and other nefarious activities where anonymity is important. Some pundits believe Bitcoin may fizzle, although they like the Blockchain technology which provides the infrastructure for Bitcoin and other crypto currencies. I am bullish on blockchain also, but feel Bitcoin may have a long life ahead […]
Blockchain: The Technology Foundation For Internet Transactions
On May 16, Jerry Cuomo, IBM’s Vice President for Blockchain, testified before the President’s Commission on Enhancing National Cyber Security. Cuomo said he believes the technology could dramatically change the way financial systems are secured and that government, technology companies and industries should work together to advance blockchain to enhance national security. IBM has some creditability in this area. Eighty years […]
Bratislava Bitcoin
As of 2015 there were more than 400 bitcoin ATMs globally, mostly in North America. A friend of mine is vacationing in Bratislava, Slovakia, and sent me this picture. Bitcoin ATMs work in conjunction with mobile phones. To buy bitcoin, you enter your mobile phone number on the ATM and then confirm a verification code. […]
