The MtGox-crisis: What happened and what does it mean for bitcoin/cryptocurrencies?

Fundamentals of Bitcoin (in case you don’t know yet) Bitcoin is the first decentralized cryptocurrency and, even after the still unfolding MtGox-crisis, still the cryptocurrency with the highest market capitalization. Its fundamental innovation is the combination of asymmetric cryptography and public peer-to-peer shared transaction recording (this distributed database of mined coins and transactions is called „Blockchain“).… The MtGox-crisis: What happened and what does it mean for bitcoin/cryptocurrencies? weiterlesen

Bitcoin volatility

I am ambivalent about the new digital virtual currency bitcoin. I have discovered it quite early and bought some when each of them was worth $0.03. I jumped ship when they were $1 each, and cashed in a nice holiday trip. When bitcoins reached $1000 each, I pondered whether I should be angry about the… Bitcoin volatility weiterlesen