Thursday , 17 August 2017


Bitcoin Buzz from Visual Capitalist

What currency is feared by the European Central Bank as a threat to fiat monetary institutions? What currency is cash-like but digitally transmittable allowing for ultimate anonymity and global mobility? What digital currency is up over 2,200% over the last year? It’s Bitcoin.

So says the introduction by visualcapitalist.com to an infographic* (rich visual content for the modern investor) on the roller coaster ride of Bitcoin since its introduction back in April 2012.

The following is presented by Lorimer Wilson, editor of www.FinancialArticleSummariesToday.com and www.munKNEE.com and the FREE Market Intelligence Report newsletter (sample here – register here). The excerpts may have been edited ([ ]), abridged (…) and/or reformatted (some sub-titles and bold/italics emphases) for the sake of clarity and brevity to ensure a fast and easy read. This paragraph must be included in any article re-posting to avoid copyright infringement.

bitcoin-encryption-standard

[Editor’s Note: The author’s views and conclusions in the above article are unaltered and no personal comments have been included to maintain the integrity of the original post. Furthermore, the views, conclusions and any recommendations offered in this article are not to be construed as an endorsement of such by the editor.]

*http://www.visualcapitalist.com/bitcoin-the-encryption-standard

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1 Comment

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What currency is feared by the European Central Bank as a threat to fiat monetary institutions?  What currency is cash-like, but digitally transmittable allowing for ultimate anonymity and global mobility? What digital currency is up over 2,200% over the last year? The answer?  Bitcoin. Read More »

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For weeks commentators have been discussing the possibility of Greece leaving the eurozone and how a return to the drachma might be facilitated…The drachma is not Greece’s only option however….In some parts of Greece social entrepreneurship, technology, and skepticism of politicians have already given rise to alternate trading mechanisms and created an environment where a cyrpto-currency by the name of “Bitcoin” could become increasingly popular. [Let me explain.] Words: 709 Read More »

One comment

  1. Bitcoin is an open source peer-to-peer electronic money and payment network introduced in 2009 by pseudonymous developer “Satoshi Nakamoto”. Bitcoin has been called a cryptocurrency because it uses cryptography to secure transactions. Digitally signed payment messages are broadcast to and verified by a decentralized network of computers all over the world. Specialized computers use a proof-of-work system to prevent people from copying and spending the same Bitcoin multiple times, a problem for digital currencies known as double-spending. The operators of these computers, known as “miners”, are rewarded with transaction fees and newly minted Bitcoins.
    btc http://bitcoin-litecoin.blogspot.com/2013/12/btc-bitcoin.html/