What’s Next For Bitcoin – Part 2
My friend Harris Miller, in Virginia, pointed out there was a $70 million bitcoin theft, which may have gotten lost in the news frenzy over the price rise. He makes a valid point, and I would like to make some further comments about the heist in this post. The $70 million of bitcoin was stolen from […]
What’s Next For Bitcoin
In February 1637, a single tulip bulb sold for more than 10 times the annual income of a skilled craftsman. Very shortly after the peak, the price collapsed dramatically. The build up became known as tulip mania. An article in the “Quarterly Journal of Austrian Economics” used the term to refer to large economic bubbles […]
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, […]
