Bitcoin Alive and Well
Bitcoin had a very positive 2015. While there is growing support for blockchain technology, the underlying infrastructure which enables the bitcoin digital currency to operate, there are many skeptics about the currency itself. I remain optimistic and see bitcoin as evolving. Coinbase did a nice review of the bitcoin ecosystem and how it has matured in […]
2016 Could Be a Big Year for Bitcoin and Blockchain
It could be a big year for bitcoin and blockchain technology. The blockchain in particular is gaining a lot of supporters. Think of blockchain as a database which keeps track of bitcoin transactions. It has proven to provide high integrity. For example, if you have ten bitcoins, it is impossible to give ten bitcoins to […]
When Will the Last Bitcoin be Mined?
There are currently 14.81 million bitcoin in circulation. The way the bitcoin protocol was designed, there is a a hard cap of 21 million bitcoin. There will never be more than 21 million. As the value of bitcoin goes up, there may be multiple splits over time. According to Coinbase, which I use for my […]
Will Blockchain Technology Reduce Reliance on Humans
I found this article very interesting. It discusses how computer technology is capable of achieving dominance because it rewrites the laws of how things work. The change is based on replacing things based on steel and paper with something based on mathematics and science. The article describes how blockchain technology, the underlying infrastructure supporting bitcoin, represents an […]
Is Bitcoin Going Anywhere?
Skeptics about bitcoin abound. I remain bullish. One theory catching on is the underlaying technology infrastructure which makes bitcoin work, called the blockchain, is a breakthrough. Financial firms have gotten quite interested because the blockchain can enable money (or any kind of asset) to move around the world instantly and at very low cost. It […]