What is Bitcoin and can it be a viable currency?
— System, Money, Monetary, Bitcoin, Currency, Viable, Digital, Price, Transactions — 1 min read
Bitcoin has been one of the internet's favourite talking points since its creation in 2009. It has made millionaires and billionaires of some, and completely emptied the wallets of others. Some countries have even adopted it as their official currencies. We spoke to Brett Scott, author of Cloudmoney: cash, cards, cypto, and the war for our wallets to find out what is the future of money. At its core, Bitcoin is a pretty featureless token, but the actual monetary side is quite crude. It is a way for a network of strangers to get together and follow a set of rules by which they will issue tokens and move them around between themselves. The instability of the Bitcoin market is a problem for bitcoin because there is no underlying story. Source