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 […]
Services are developing, the Bitcoin network is growing bigger, transactions are increasing and more and more merchants are accepting Bitcoin. We could very well be on the verge of mainstream adoption. 2014 has been the year of growth of the Bitcoin infrastructure which is a good thing! For the public to accept Bitcoin there needs […]
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 […]
To my surprise and delight, the UK is taking a sensible approach to Bitcoin and will use minimum intervention in the regulation of this young and growing cryptocurrency. A handful of other western countries already seem to be taking this sensible and pro-capitalist approach. The UK amongst others, is trying to bed itself as a […]
