Will Futures Market Affect Bitcoin Value or Viability?

The Chicago Mercantile Exchange (CBT) is likely to begin listing options contracts for Bitcoin futures. And the CBOE is very likely to follow suit. What impact will this have on the value of Bitcoin holdings around the world? And what … Continue reading

Big insight from tiny fraction of bitcoin owners

Quick—Take a guess: How many individuals own at least 1 BTC? I was asked this question today at Quora, a popular Q&A blog covering a variety of technical and economic disciplines. Under my alias “Ellery”, I am the most viewed … Continue reading

Jump into Bitcoin with Intuitive Understanding

In the past, I have written articles for beginners: Can cash have value if it isn’t real? What backs Bitcoin? Choosing a Bitcoin wallet Bitcoin Primer: Don’t start with miners What is a blockchain? Is it too late to get … Continue reading

Bad News is Good News for Bitcoin Investors

Bitcoin was hit by a double whammy this week. On Tuesday, Jamie Dimon of JP Morgan declared that Bitcoin is a fraud that will “blow up”. Then, just this morning, a Bitcoin exchange in China announced that it would shut … Continue reading

Spell it Out: What, exactly, backs Bitcoin?

On August 1 2017, the value of a Bitcoin was at $2,750 US dollars. Today, just over one month later, it is poised to leap past $5,000 per unit. With this gain, many people are asking if Bitcoin has any … Continue reading

Incentivize Bitcoin Miners After All 21M BTC Are Awarded

Individuals who mine Bitcoins needn’t be miners. We call them ‘miners’ because they are awarded BTC as they solve mathematical computations. The competition to unearth these reserve coins also serves a vital purpose. They validate the transactions of Bitcoin users … Continue reading

Bitcoin closes in on (US) $2000; Why it matters

At the beginning of 2016, Bitcoin was fairly steady at $430. Richelle Ross predicted that it would finish the year at $650. She would have been right, if the year had ended in November. During 2016, Bitcoin’s US dollar exchange … Continue reading