Tag Archives: cryptocurrency

Everything You Need to Know About Bitcoin

Posted on by — 1 Comment ↓

In the past few years you’ve probably heard the term bitcoin tossed around, which is hard to grasp for most who are unfamiliar with non-tangible currency. So here’s the rundown on everything you need to know in order to understand the world of digital currency. Bitcoin is a payment system as well as a digital asset invented by someone who operates under the name “Satoshi Nakamoto”, which was released in 2009. Bitcoin is whats known as a P2P (peer to peer) system which essentially means that you can send bitcoin from your computer, tablet, smart phone or other device, to Continue reading Everything You Need to Know About Bitcoin→

Cryptocurrency: Not Just Bitcoin (Part III)

Posted on by — No Comments ↓

Bitcoin thoroughly dominates media coverage and public discussion of cryptocurrency. It is the oldest crypto-currency and does by far have the largest market capitalization—all Bitcoins are together estimated to be worth US$5.5 billion. More than sixty peer-to-peer currencies existed as of November 2013, and that number has dramatically risen since. As of April 8th, coinmarketcap.com lists market capitalization values for over 200 cryptocurrencies.  Market capitalizations range from Litecoin’s US$300 million, much a smaller than Bitcoin but still substantial, to LiteBar’s $384. The sheer number of similar-sounding names (well more more than half include the word “coin”) raises the question… Why? Two weeks ago, I began Continue reading Cryptocurrency: Not Just Bitcoin (Part III)→

Cryptocurrency: Not Just Bitcoin (Part I)

Posted on by — 3 Comments ↓

In the cryptocurrency world, Bitcoin tends to hog the media spotlight. This makes sense, as it’s the oldest, most-valued (recently determined to have a market capitalization of around US$6 billion), and best-marketed (i.e. most recognizable) brand of cryptocurrency. However, I was suprised to discover that in discussions of crytocurrency issues such as black-market trading, stability of value, and technical viability it stands in for a vast and surprisingly diverse swath of currencies. More than sixty peer-to-peer currencies existed as of November 2013, and that number has almost surely risen since.  {For a primer on Bitcoin, consider reading Holly’s interview with Emily Neville about her thesis on Continue reading Cryptocurrency: Not Just Bitcoin (Part I)→