Decrypting the crypto myth
2 years, 9 months ago

Decrypting the crypto myth

The Hindu  

Bitcoin and other cryptocurrencies are generally perceived as assets, currencies or both. An added defence by Bitcoin enthusiasts is quoting British economist Henry Dunning Macleod’s idea of Gresham’s law, which states that bad money drives out good money. However, this claim has also been falsified as Bitcoin buyers were quick on the uptake to sell their holdings in exchange for fiat currency in the face of a loss of value. The way to escape viral financial narratives and fads as a small-time investor is to heed the advice of timeless advice provided in the famous book ‘The richest man in Babylon’ by George S. Clason. Bitcoin and cryptocurrencies are just another brick in the wall of the countless previous narratives which have spread and collapsed in the history of financial markets.

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History of this topic

Crypto Is For Criminals? No Real-World Use? 5 Myths About Cryptocurrencies Busted
1 year, 5 months ago

Crypto Is For Criminals? No Real-World Use? 5 Myths About Cryptocurrencies Busted

ABP News  

Cryptocurrencies have been experiencing remarkable growth over the past decade. Myth 1: Cryptocurrency Is For Criminals The perception that cryptocurrencies are primarily used by criminals often arises due to the anonymity they offer. While short-term price swings may be unpredictable, many long-term investors see the potential for substantial returns in the future as cryptocurrencies gain wider acceptance and adoption. Myth …

Cryptocurrencies, blockchains and their dark side
6 years, 5 months ago

Cryptocurrencies, blockchains and their dark side

Salon  

Cryptocurrencies, after a wild ride, may be at a tipping point. They do not own the bits that comprise the information representing that debt, nor the information itself, they own the social object — the money — that those bits represent.” The value of blockchain What makes bitcoin and other digital currencies work is the underlying transaction system known as …

Bitcoin promises filmmakers and writers tales of get-rich fever and cyber intrigue
7 years, 1 month ago

Bitcoin promises filmmakers and writers tales of get-rich fever and cyber intrigue

LA Times  

Nearly ten years after bitcoin was invented, a cryptocurrency craze is sweeping the planet with the ferocity of a Trump tweet, inspiring songs, creating millionaires, unnerving banks and giving writers and filmmakers potent narratives of Gold Rush fever and dark web intrigue. Recent surges and tumbles in value along with our deepening fascination with the virtual world have given cryptocurrencies …

Cryptocurrencies are here to stay
7 years, 1 month ago

Cryptocurrencies are here to stay

Al Jazeera  

Since the end of last year, people have been left dumbfounded by the meteoric rise in the value of bitcoin, the father of all cryptocurrencies. On January 17, bitcoin’s value suddenly halved as futures contracts on the cryptocurrency expired, sending shockwaves through the cryptocurrency market that buffeted even top performing “alt-coins” like ethereum and ripple. Every time people exchange bitcoin …

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