Is Bitcoin’s Current Value a Dotcom-like Peak Before a Reset?
December 13, 2017Bitcoin’s price-spike above the $17,000 mark earlier this week has attracted mass coverage and speculation, but are we reliving a familiar story?
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Bitcoin’s price-spike above the $17,000 mark earlier this week has attracted mass coverage and speculation, but are we reliving a familiar story?
Understanding of the way blockchain functions is low in comparison to the frequency with which the term is used.
The story of Bitcoin and blockchain starts with Satoshi Nakamoto, a man (or group) whose identity is a mystery that is yet to be solved. Nakamoto introduced Bitcoin in 2008.
The cyptocurrency mining on The Pirate Bay and Politifact is less a question of hacking or exploitation, and more a catalyst for decreasing ad revenue and increasing volunteer computing.
What’s staggering about the recent surge in Bitcoin value, along with Coinbase becoming the first cryptocurrency unicorn, is that the value is mostly based on belief and trust in the startups.