The Bitcoin Revolution By Travis Patron

  • Author: Travis Patron

Description

The innovation of bitcoin is perhaps the most important development of the early 21st century. In a span of only 5 years, the digital currency has jumped from being traded at 4 tenths of a penny, to highs of over $1200. In that time, we’ve seen individuals, government organizations, and large corporation warm up to the idea that bitcoin may be a form of cyber money pundits have been predicting for years.

Outside the control of any centralized institution and owned by no one party in particular, bitcoin sets the stage for something bold and new. Experts describe it as a breakthrough in computing science formulated upon decades of research. Bitcoin operates by open-source and freely accessible technology backed by the mathematics of cryptography, to create a universal ledger of information.

Bitcoin is poised to disrupt an entire swath of industries, holding promises of disruptive, even chaotic scenarios that will endure in the coming years. More swiftly than ever, this transformation will elicit massive changes on the way we work, play, and live.

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Discussions

  •  James (jim) Warmke

    Doing business with bitcoin

    I think I’m going to start accepting bitcoin in a retail setting. I have been reading about bitcoin a bit and last week bought some via coinbase. My family has a farm and we sell at some local farmers markets. I though it would be cool to hang up a bitcoin sign and accept bitcoin as payment. We mostly deal in cash but use ipad/iphone to take credit cards (square app for reading cards). I can link to a bank account (the same one I linked to coinbase) but may just use a separate wallet and try to hold any such coins more anonymously. Is anyone here doing anything like this and/or have any advice for me?

    Jump to Discussion Post 4 replies
  •  Jeffrey Tucker

    Andreas M. Antonopoulous for Canada's Senate

    Start at 37 minutes. So interesting. Andreas really is a genius. But what’s especially interesting is how civilized this hearing is.

    Jump to Discussion Post 3 replies
  •  Mike Rucker

    How do you store your Bitcoins?

    What wallet(s) do you use? Whats your favorite wallet? Do spread your Bitcoins among multiple wallets and/or multiple addresses? Do you store them offline? In a paper wallet? Etc.

    Jump to Discussion Post 13 replies