Bitcoin is now facing a year-on-year loss in value as the cryptocurrency continues to decline. This comes as it is celebrating its tenth birthday. Ten years ago, Satoshi Nakamoto, Bitcoin’s anonymous founder detailed in a document how Bitcoin would proceed and why it was needed. Almost all of his predictions were incorrect. All of mine…
Where is Bitcoin today? When the cryptocurrency first burst onto the scene there was great hype surrounding it. Those of the libertarian and “anarcho”-capitalist stripe (and some misguided Marxists) were foaming at the mouth. The truly believed that this digital currency was going to be the death of the state and the financial polyopoly that…
The top five credit card companies have banned the use of their credit to purchase cryptocurrencies. This is very telling. The banks are concerned that the use of such credit is going to an unsafe investment. Credit cards are meant for consumer purchases, not investments. Much of the Bitcoin phenomenon has been made up of…
It seems digital currencies have been having a terrible year so far. Aside from them reaching the highest price they’ve ever fetched before, they’ve also suffered from the largest crashes they’ve ever suffered as well. Basically, everyone who has ever warned the public about digital currencies has specifically mentioned the instability of an unregulated currency.…
Bitcoin is the monetary scheme that refuses to go away. In the past, we’ve seen the instability and inherent flaws in the currency. But right now we’re seeing something interesting. The value of Bitcoin has increased 15% since last Friday reaching $3,230 per token. The Bitcoin community is celebrating this increase in the wake of…
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