This Canadian startup is using bitcoin technology to allow gold to be used for everyday transactions. But don’t fall for the hype, says Dominic Frisby.
Digital currency bitcoin was supposed to be the money that would change the world. So far, that hasn’t happened. Dominic Frisby looks at the state of bitcoin, and where it goes from here.
The really exciting thing about bitcoin isn’t the currency, says Dominic Frisby, its the technology behind it. It has the power to change the world.
Last year saw the bursting of the bitcoin bubble, with the cryptocurrency falling by more than half.
Bitcoin was the worst performing investment of 2014. From a January high of around $1,000, it fell consistently over the year, losing 52% of its value.
Book review: Bitcoin: The Future of Money?
Find out how Bitcoin is set to revolutionise the world in Dominic Frisby’s witty and engaging new book, says Matthew Partridge.
The current financial system is preventing half the world’s population from enjoying a decent standard of living. Bitcoin and other alternative currencies could change all that, says Dominic Frisby.
Bitcoin has slid over 70% from its 2013 high. And it’s likely to fall further. But the currency – and the technology behind it – has a huge future.
The potential of the block chain – ‘bitcoin’s DNA’ – is immense, says Bengt Saelensminde. It could revolutionise everything from the money we use, to the NHS.
Like it or not, bitcoin is going mainstream. It could be the currency of the 21st century. Bengt Saelensminde asks whether you should put your faith in it.