Why Bitcoin Naysayers are Wrong


I’ve been reading a lot about the various cryptocurrencies and trying to dig through the misinformation to get to the bedrock of what’s going on. The first thing I’d like to say is cryptocurrencies are a complete game changer for the world financial system…..ignoring them may well be detrimental to your business.

For those of you wondering….at its simplest level the blockchain operates in a similar fashion to the DNS that most domain investors are familiar with. There are additional levels of cryptography added (sort of like DNSSEC) to ensure transactions are legitimate but what it all boils down to is a ledger of transactions held by a distributed computer network.

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Recent Comments
I've just posted an article clarifying my thinking on crytpo-currencies. A few comments though: 1. Transactions that require elect... Read More
29 December 2017
I'm with you Michael - Bitcoin has no actual business model. Right now it's just got a massive first mover advantage, and the ins... Read More
29 December 2017
Great comment Vanclute.....I would love to see a mainstream (ie. general population use) crypto-coin but with all the fluctuations... Read More
29 December 2017
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