Bitcoin for Dummies (Part 2)
December 16, 2014

As talked about in my last blog post, Bitcoin is an open source protocol that allows you to transfer value across the world’s most powerful computing network. The beauty of Bitcoin is the fact that it is a fast and stable foundation for which anyone can build applications on top of. Bitcoin allows programmers to […]

Bitcoin for Dummies (Part 1)
December 13, 2014

I shall try to simplify what bitcoin is, so that anyone can understand Bitcoin and its possible implications on the world. In today’s world you have money in your bank. For this example we shall say £1000. This £1000 is stored on a banks computer. Nearly everyone’s money is stored electronically on a bank computer. When we […]

Australia’s Backwards Tax
December 6, 2014

It seems that Australia has made the mistake of effectively double taxing Bitcoin by classifying it as an asset instead of a currency. This will cause a migration of Bitcoin companies and services to leave the area and migrate to greener pastures. It is already documented that Coinjar , the main Australian Bitcoin exchange shall relocate their main […]