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Today we attempt to address an argument that has resurfaced this week. That is the argument that bitcoin is somehow, for environmental reasons, unethical or immoral, because it uses a lot of electricity. This is one of those arguments that never goes away – and I’m afraid it will never go away. Like Scottish independence or Brexit. “Bitcoin’s a bubble” is another one. There are those who get bitcoin, see its potential and invest. There are those, such as Nobel-prize winning economists and Financial Times journalists, who are determined not to, and have been talking it down ever sinc...

CG 12 years ago, Satoshi Nakamoto sent Hal Finney 10 bitcoins—the first transaction Business It should also remind us that transactions are what Bitcoin is all about. For some, that means money payments between two people. For others, it’s a way to timestamp and record data on the blockchain. Many of those transacting on the Bitcoin network today aren’t human at all—they’re sensors and devices transmitting data via automated processes to Bitcoin’s ledger, timestamping it all for later auditing and retrieval. It’s a symbol of how Bitcoin has changed, yet stayed exac...

On the anniversary of the first Bitcoin transaction, cryptocurrency adopters around the world speculate on what this sudden dip may mean.

pixabay.com Bitcoin represents a new and revolutionizing payment method, capable of completely changing the financial industry. This is a cryptocurrency which has tons of advantages over the FIAT currencies. Some of those are increased online security, a certain level of anonymity, fast transactions, and of course, the possibility to make money. The chance for profit is the main reason as to why people around the world use Bitcoin so often. The cryptocurrency managed to turn them into wealthy people in a matter of days and change their lives forever. As for the other advantages, the ano...

Bitcoin's Inception: A 340-Page Book Compiles All of Satoshi's Writings in Chronological Order Bitcoin’s mysterious creator, Satoshi Nakamoto, first appeared on the web when the software programmer (or programmers) published the Bitcoin white paper on Halloween 2008. After the paper published and the crypto network launched, the inventor spent a little time with the community curating the project. People who are inspired by Nakamoto or like to research the engineer’s work can obtain a physical copy of Satoshi’s writings in its entirety from a book called “Kicking th...