Bitcoin has been through another turbulent time lately, peaking at a value of near $1300 per bitcoin on MTGox Japan in December, only to see this drop to under $300 today. Nevertheless, a year ago, bitcoins were trading on MTGox at $20 per bitcoin and went through a similar bubble and burst by April thanks…
This is my penultimate review of 2013, as we head towards the shutdown season, so here goes 2013 was the year of meditation. Banks had the chance to think, reflect, plan and look ahead. After five years of manic panic, hysteria, anger, fear, angst and doubt, 2013 was the first year we could actually have…
The biggest question about Bitcoin is whether it’s really important or just a bubble that’s about to burst. Advocates would obviously claim the former and critics the latter, and both have some substance. On the advocate’s side, the economy is in its early days and, like any new form of commerce, will have its challenges. …
The biggest question about Bitcoin is whether it’s really important or just a bubble that’s about to burst. Advocates would obviously claim the former and critics the latter, and both have some substance. On the advocate’s side, the economy is in its early days and, like any new form of commerce, will have its challenges. …
Some of us know the numbers. If you’d invested $1,000 in Bitcoins in summer 2011, you would be sitting on around $500,000 today. That’s because we didn’t invest $1,000 in summer 2011. Nevertheless, some of us did invest $1,000 in summer 2013 and by December, that investment is worth $10,000. What is this benign conundrum…
Some of us know the numbers. If you’d invested $1,000 in Bitcoins in summer 2011, you would be sitting on around $500,000 today. That’s because we didn’t invest $1,000 in summer 2011. Nevertheless, some of us did invest $1,000 in summer 2013 and by December, that investment is worth $10,000. What is this benign conundrum…
We were talking about Bitcoin yesterday at the Financial Services Club Vienna, and there was a great dialogue about the difficulties of buying and then using Bitcoins. I’ll talk more about the practicalities and details of that conversation later this week, but one thing did occur to me: Bitcoin, or something like it, will soon…
