Even as the currency's potential suffered a blow following the collapse of Mt. Gox, some early adopters in the travel and sports industries are still bullish about the value of this new way of doing business.
Bitcoin transactions, unlike credit card purchases, are irreversible. If you buy merchandise with bitcoins and the merchant fails to deliver, that money is now securely in his hands. There will be no third party company to go to bat for you
Bitcoin enthusiasts today are very much recreating the digital equivalent of the California Gold Rush. The currency is the answer to all our modern day problems, they claim. I hear all that. It is still a rerun, because it is human.
If you are feeling a bit jaded about the promises of technology to transform your personal finances, you are not alone. Since Al Gore invented the Int...
Henry Ford said, "It is well enough that people of the nation do not understand our banking and monetary system, for if they did, I believe there wou...
The fact that Bitcoin has stretched into the Commercial debt recovery arena proves that they're becoming more viable as a currency choice.
Early adaptors of this revolution will find themselves receiving a lot of exposure, which in the end, could be worth the risk.
By Noah J. Nelson (@noahjnelson) Newsweek claims that they have found the elusive founder of Bitcoin, Satoshi Nakamoto, and have released a cover st...
While I agree that Bitcoins are different from US dollars, I disagree with the argument that Bitcoins are less valuable than dollars. Bitcoins are a commodity, just like gold or copper or coal.
The price action in Bitcoin confirms my diagnosis. In January 2013, one could buy a Bitcoin for about $13. By late November, one Bitcoin would have set a buyer back more than $1,100.
It turns out that there are several important differences between paying by e-check and paying by credit card. And given the popularity of new electronic payment choices, it's a good time to understand how they work.
It turns out that there seems to be tiny little vulnerability in the bitcoin protocol. Aren't there supposed to be built-in safeguards with the exchange mechanisms?
Consumers need to understand the finality of making a purchase with Bitcoins, accept the volatility of the market, and accept the risk of protecting their digital wallets.
It's fair to say that it has been a couple of rough months for Bitcoin, the once ballyhooed Internet currency. Just as it moved from the shadows into...
Junior Achievement New York is helping kids to face the stark economic realities of life with financial literacy programs that help these kids avoid future financial crises when they are adults.
Personal networks will replace corporate hierarchies and recruiters, so invest in friends and fans. Treat your relationships as long-term investments .