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What if Bitcoin is really something else?

Cryptocurrencies are a new phenomenon, still emerging on to the markets and into our minds. Our understanding of them is not complete, and opinion as a result remains split. Traditional moneymen such as Jamie Dimon denounce Bitcoin and its fellows as a fraud, a Ponzi scheme - as if the conventional financial world was ever innocent of that label. But what if Bitcoin has a value not just as a competing currency but as something else altogether? What if cryptocurrencies represent, in fact, an entirely new asset class? What does this mean? If you are beginning to feel we are...

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Government partnerships could see cryptocurrencies go mainstream

If there is one thing that the recent breakneck rise of Bitcoin this year has shown, it is just how popular it is becoming. More and more people are seemingly getting involved with this and other Blockchain based digital currencies. As this happens and digital currencies evolve over their lifetime, it will see a real march into the public consciousness and mainstream acceptance. [caption id="attachment_5992" align="alignright" width="300"] Image from Flickr[/caption] Government partnerships helping with this One sure-fire way to increase the use and widespread acceptance of cryptocurrencies is by teaming up with governments, which is exactly what one Blockchain firm...

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What is a Bitcoin?

An introduction to the bitcoin currency The bitcoin digital payment currency was launched in 2009 by an anonymous individual simply known under the alias 'Satoshi Nakamoto'. It started as an open source software but has grown to become a digital currency which is now used across the globe. The currency is the first decentralised cryptocurrency. Instead of a central administration, the currency relies on transactions which take place directly between peers, without the need for an intermediary management process, such as a bank. In order to verify these transactions, network nodes are recorded in a publicly accessible ledger, which is...

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Will Bitcoin become the new gold?

Bitcoin has developed incredibly quickly. In the eight years since the cryptocurrency was launched to a (mostly) unsuspecting public and financial market, Bitcoin has hit the mainstream, its value has increased more than a thousand-fold and people everywhere seem to be talking about it constantly. One side effect of this incredibly rapid growth is that we don't yet know where Bitcoin, and cryptocurrencies in general, sit in the world of financial investments. There are several places where Bitcoin could end up and, in this article, we're going to take a look at the options. Low risk - Bitcoin is the...

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Bitcoin believer split widens further

It may at first seem rather perverse that the continuing increase in the value of Bitcoin, the most successful cryptocurrency to date, should result in a bigger divide between those who believe in the new digital currency and those who are still sceptical. Schools of thought vary from people who believe we are seeing the firming-up of a new global currency, to people who maintain that this new phenomenon is nothing more than a fraud. Those who position themselves between the two extremes are either sitting back reserving judgment, or are those who believe Bitcoin to be a genuine long-term...

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