Tag Archive for Bitcoin

Why Intrinsic Value Matters To Crypto Currencies

Crypto currencies were one of the big stories of the now ending year 2017. These once geeky little software projects have truly hit the mainstream, and exploded in price. Bitcoin valuations are now featured in pretty much any major newspaper. Some believe that cryptos will take over the world monetary system, others think it is…

Bitcoin – A Textbook Example of Investing Psychology

Bitcoin seems unstoppable. Since I last wrote about it in June, the price has doubled again. And with every new high, the bitcoin community gets more emboldened in their view that bitcoin is changing the world. I however, remain unconvinced. The blockchain certainly will change the world, but cryptocurrencies not so much. Nothing has changed,…

Bitcoin – Currency or Bubble?

Bitcoin, the first crypto currency of the world, has come a long way. When I first heard about it, I thought it was a joke. A purely digital currency, really? Since bits are almost free these days, it seemed obvious that the value of such a currency would have to be zero. It took me…

Dominic Frisby: Is Bitcoin changing the world?

Bitcoin itself isn’t changing the world, but the technological breakthrough that made it possible, the blockchain, is. The first big point made in Dominic Frisby’s talk concerned the difference between money and cash.  Money can be coins or bank notes, but it can also be bank accounts, air miles, supermarket points, and so on – …

The Common, the Wizard and the Blockchain by Zach Cope

‘A tragedy, that’s what it is John,’ Bill moaned into his pint. ‘You upset about the Common again?’ John replied. ‘Can’t you just get used to it? So it floods for half the year, and our sheep don’t grow so fat, and the kids keep getting trench foot, but at least it’s ours again –…

Bitcoin founder Satoshi Nakamoto identified

News from Pimlico is that Satoshi Nakamoto has been identified by writer, libertarian and comedian Dominic Frisby, although suspiciously you must buy his book to find out who it is. The big news item was that Frisby reckons he has cracked the identity of the founding genius of Bitcoin, a mysterious figure who is currently…

Catching up with Bitcoin

So I read on Samizdata this morning that Bitcoin has encountered it’s first truly serious issue. Control over a substantial fraction of the currency has been lost as popular bureau de change Mt Gox has gone bust. The BBC business editor seems to call this right, or at least nearly: There is no central authority…