Bitcoin is often criticized by skeptics and critics because “Bitcoin is not backed by anything!” and that is completely true. Traditionally, currencies were backed by physical commodities such as gold or silver, which provided a sense of security and stability. However, with the advent of fiat currency, the notion of backing has become more complex. […]
The value of bitcoin is often misunderstood by those who are new to the bitcoin space. Many people believe that the value of bitcoin is solely determined by its price, which can be volatile and unpredictable. However, this is a narrow and misguided view. The true value of bitcoin lies in its underlying principles and […]
One of the most important uses of money is to conduct trade and business within our own local economies. Thanks to the internet, we are now able to conduct trade at massive scale across borders with nothing but a smart phone. One of the biggest problems with trading all across the globe is that we […]