Bitcoin and Changes in the World

The Great Depression created a huge downturn in the economy and caught many investors off guard in 2008. The preceding years were so prosperous that many made the mistake of thinking this would go on forever. Interestingly, the Bitcoin white paper was published in 2008 and the Bitcoin blockchain was launched shortly afterwards. Those who…

Libra Takes It All?

Libra Takes It All?

On June 18, 2019 Facebook announced its virtual currency Libra, with the vision that Libra will become a global means of payment for the billions, especially for people without a bank account. The currency was first called “Facebook Coin” and “GlobalCoin,” pointing to its intended global reach, and later renamed to Libra. Why is Libra…

Libra vs. Bitcoin: What Are the Differences?

Libra vs. Bitcoin: What Are the Differences?

Facebook reported around 2.6 billion users at the beginning of 2020. No wonder Libra, the payment system backed by Facebook and two dozen supporting technological and financial companies, is touted as a financial system for billions of people. Libra is often compared to Bitcoin. Are these comparable? Let us look at the differences between Bitcoin and Libra.

Central Banks Exploring Blockchain

The developments in blockchain and the ever-growing number of users of cryptocurrencies such as Bitcoin, Bitcoin Cash, Litecoin, Ethereum, Tether, and others, is a reality that cannot go unnoticed. Countries and banks can see this trend and are starting to take steps in the same direction. Central banks in over 45 countries (as of May…

Bitcoin or Gold or Fiat Money?

Most people know that their hard-earned money loses value over time. The reason is simple and sobering: The money we use for payments is not backed by gold or anything else anymore; it is based solely on trust. And the governments just print the money out of thin air. What will serve you better: Fiat…