See Also
Why is Bitcoin a deflationary currency? What does this mean in practice?
To understand deflation we must first define its opposite: monetary inflation. We hear a lot about inflation on the news, but what exactly does it mean? As the term itself suggests, inflation is an increase in the supply of some value or product. In the case of currencies in general, we have monetary inflation, which […]
What is the difference between digital money and cryptocurrencies?
Cryptocurrencies are a form of digital money, but what we normally understand as digital money is represented in fiat currency. For instance, prepaid cards, virtual credit cards and other forms of digital money are simply fiat money deposited into some account under a traditional banking institution. Parents, for instance, can load up their children’s cards […]
Opinion: Decentralized blockchains can only survive having a valuable token, like Bitcoin, attached to them [Feb 2018]
We’ve heard this time and again, especially from folks in the financial sector: “blockchain is here to stay, Bitcoin not so much”. Is this really so? We disagree, and in this article we discuss the origins of Bitcoin and how the problem it solved only makes sense when there’s a reward for participants to join […]
ELI5 Bitcoin to USD conversion
Bitcoin itself does not offer a US Dollar for Bitcoin exchange system. If you’ve just arrived in the world of cryptocurrencies, this may cause some confusion. Bitcoin is a completely virtual crypto asset that exists within its own blockchain. The only way to convert Bitcoin to US Dollars, and from USD back to Bitcoin, is […]