Cryptocurrencies and the Scope of Bitcoin
I get a lot of questions about Bitcoin, and I do not claim to have the answers. However, in this post, I will try to clarify some facts, and offer a few opinions. Currently, there are more than 1,000 cryptocurrencies. The total market capitalization (value) of all cryptocurrencies now exceeds $150 billion. The value has grown dramatically, […]
Bitcoin and Blockchain
If you purchased bitcoin one year ago today (08-17-2017) at $570, you would have seen a 700% rise. As of this writing on Thursday, August 17, 2017, one bitcoin is worth $4,500. See the Bitcoin Price Ticker Widget below for the price as of the time you are reading this. If you are reading the […]
Predictions
Happy New Year to all. I believe 2017 will be a year full of great progress on many fronts. Here are some of the things I predict will happen: Artificial intelligence will become omnipresent, somewhat like java did 20 years ago. It will be part of all cloud services and devices. Virtual and augmented reality […]
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 […]