I ran across this video which seems to indirectly explain how crypto currencies might work by explaining early money economies.
What gives Bitcoin value?
I get asked this question a lot. I am going to try to answer it differently here.
What is the difference between a “Coin” and a “Token” ?
In the crypto currency world there are coins and tokens. What are the differences between them and how does this effect our investing?
Continue reading “What is the difference between a “Coin” and a “Token” ?”
What backs Bitcoin?
For this question of what backs Bitcoin, the easy answer is nothing. The longer difficult answer is scarcity, electricity, computing power, community, and use. Continue reading “What backs Bitcoin?”
Bitcoin: The club
People continue to ask about the value in Bitcoin and Crypto currencies. Crypto currencies are these new assets which are protected by cryptography which is a very secure system to protect information.