BitCoin

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Book Review: Digital Gold by Nathaniel Popper

Want to learn more about the engrossing history of Bitcoin? Join Hooi San Ng as she gives her verdict on the book ‘Digital Gold: Bitcoin and the Inside Story of the Misfits and Millionaires Trying to Reinvent Money’.

Does Blockchain live up to the hype?

When celebrities such as Floyd Mayweather, Paris Hilton and DJ Khaled start promoting cryptocurrencies, it’s safe to say that the blockchain space has well and truly caught the public’s attention. But is much of this hype just hot air? Solomon explores.

The BitCoin: ‘In no one we trust’

Last year I wrote a few articles discussing the origins of money and how its development arose from the need to have some sort of commonly accepted medium for storing and exchanging value, led by governments who could enforce and guarantee the value of currency.  More generally, this is the case for the vast majority of assets as there must be some guarantee of value before a counterparty would be willing to make a trade: a stake in a company for shares, the right to collateral for debt and a government backing for fiat currencies. Rationally it doesn’t make much sense for people to use something without any form of intrinsic value or guarantee as a medium for exchange.

One of my interests is exploring these anomalies in the economy and it just so happens that such a currency has emerged: it is called the BitCoin, a virtual currency which can be created and used by running a program on your average home PC.

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