The social functions of Bitcoin and the cryptocurrencies

Joseph Stiglitz, Nobel Prize-winning economist, has made the claim that bitcoin ‘ought to be outlawed,’ because it doesn’t have any useful social functions.[1] Bad way to start an article, but I’m triggered. For once, I will begin with stating the obvious, even if it doesn’t seem related: Gold doesn’t have any useful social function (other […]

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Bitcoin breaks 10k with a bang, and there is a Big Bang Theory yet to be aired

Is it a balloon? In my opinion – no. There are always the predictions for a crash. A month ago the BCH tried to overrun the Bitcoin and all it managed was clearing the debris and making it stronger. But why the conviction? Plenty of reasons! First of all, we are all aware we need […]

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