Venezuela to Regulate Bitcoin Mining

According to local sources, the government of Venezuela is scheduled to launch an online registry for Bitcoin miners by Dec. 22. All Bitcoin miners in the country will be required to sign up. The registry is the first step in the development of a full legal framework to tax and regulate cryptocurrency mining in …
social experiment by Livio Acerbo #greengroundit

'Bitcoin bubble' immoral?

What is behind the cryptocurrency Bitcoin's phenomenal rise in values, from $800 last year to $17,000 today? Is this a bubble or a durable value, and what are the ethical implications behind using a currency that may aid such causes as organized crime and North Korea's nuclear program? What is …
social experiment by Livio Acerbo #greengroundit

Bitcoin Is the Hottest Thing Around. So Why Is It So Hard to Use?

While more than three-fourths (78.5%) are familiar with the cryptocurrency, nearly half (48%) aren't sure it's legal, according to a survey of 1,000 Americans by LendEDU, a personal finance comparison site. Still, 40% are open to using Bitcoin in the future. Will that next group of Bitcoin fans use it to buy …
social experiment by Livio Acerbo #greengroundit

Want to really understand how bitcoin works? Here's a gentle primer

… of the popular cryptocurrency, today we'll provide in-depth explanation of how bitcoin works, starting with the basics: how do digital signatures make digital cash possible? How did Nakamoto's invention of the blockchain solve the double-spending problem that had limited earlier digital cash efforts?
social experiment by Livio Acerbo #greengroundit

What Is Bitcoin Really Worth? Don't Even Ask.

Dabbling in Bitcoin lies somewhere between gambling and investing. After all, true investing requires a rational appraisal of an asset's value and that is simply not possible at present with Bitcoin. Real understanding of the economic issues underlying the cryptocurrency is almost nonexistent. It is not just …
social experiment by Livio Acerbo #greengroundit