A libertarian’s view of Bitcoin & why you should invest in it

Bitcoin is the world’s fastest growing currency. It holds several key advantages over traditional currencies that libertarians find attractive. These advantages are bitcoin’s keys to success, both as a currency and as an investment. Continue reading “A libertarian’s view of Bitcoin & why you should invest in it”

PWC: Blockchain can save Reinsurers $5-10 Billion

reinsurance-blockchainToday PWC issued a report stating that blockchain technology could save reinsurers $5-10 Billion. These savings will come from “faster, more efficient and more accurate payments, claims settlements and compliance checks.” Continue reading “PWC: Blockchain can save Reinsurers $5-10 Billion”

Coursera Class on Bitcoin and Cryptocurrency Technologies

Bitcoin and Crytocurrency TechnologiesIts official. I’m obsessed with Bitcoin.

I logged into Coursera looking for a computer programming course to take, saw the “Bitcoin and Cryptocurrency Technologies” class, and immediately signed up.

It looks like an interesting class. It’s taught by Arvind Narayanan, an assistant professor at Princeton University. It has a 5 star rating. Plus it’s free! Continue reading “Coursera Class on Bitcoin and Cryptocurrency Technologies”

The Second Bitcoin Halving 2016

July 9th, 2016 marks that day of the second bitcoin halving. Today was the day that bitcoin blocks were cut in half for the second time. This means that 75% of all bitcoins have been mined and less new bitcoins will enter the market than even before.

What does this mean for the price of bitcoin?

Econ 101 - demandsupplycurveEcon 101 teaches that supply and demand drive prices. As supply decreases and demand remains the same, prices increase. This is what I foresee for bitcoin in the short term (the next year).

In the long term, it’s possible (and I think likely) that demand will increase too. This will lead to additional price increases as the total number of bitcoin is capped at 21M. Continue reading “The Second Bitcoin Halving 2016”

5 Reasons to Invest in Bitcoin before the Halving

Bitcoin’s growth in value over the last 30 days has been incredible. Year to date, this cryptocurrency has increased about 200% in value. So is buying bitcoin a good investment?

Bitcoin

kenneth ashe bitcoinBitcoin is the world’s first decentralize digital currency. It can easily be sent to anyone in the world and converted to most local currencies. BTC is accepted at over 100,000 retailers including Microsoft, Dell and Expedia.

Bitcoin was created in 2009. Its value has fluctuated significantly over its short life. In 2011 it grew from $0.30 to $32. In 2013 bitcoin hit its high of $1,242. So far in 2016, it’s traded between $363 and $779.
All amounts above are in USD. Continue reading “5 Reasons to Invest in Bitcoin before the Halving”