Bitcoin and crytpos – is understanding useful?

What people immediately ‘understand’ is that this post is about understanding Bitcoin and cryptocurrencies. Well, it isn’t! This is the math behind or under Bitcoin: You could spend your life understanding it – and it wouldn’t help anything. Preamble In this post where I say ‘Bitcoin’ I include all cryptocurrencies as a concept. This … Read more

Money 2.0

There’s been some recent excitement in cyberspace about a ‘new kind of money’. Some may be familiar with the term ‘Bitcoin’. Others are scratching their heads, whilst another lot are reaching for bottles of Valium and clutching their wallets, while lying spread eagle across their mattresses. I expect to be warned about ‘Bitcoin’ and crypto-currencies, … Read more