“Bitcoin hits $17,000 as bubble fears mount”

Dec 8, 2017 | Currencies

Dutch tulip bulbs ‘became worth the equivalent of many thousands of dollars’. Shares in the South Sea Company soared and even clever people like Isaac Newton and Jonathan Swift were investors and later bankrupts. Railways, Barings, .coms, need I go on? They’re called the lessons of history of which no-one who has money in BitCoins will take notice because, of course it’s different. Don’t think they could explain why, anymore than give me a comprehensible explanation of what a crypto-currency is or does. The best one will be, I think, ‘collapses like a house of cards’.

Read more here

crypto 1

El Salvador plans to make Bitcoin its official currency

I avoid recommending stuff which even I don’t understand. That’s where I am with Bitcoin and Cryptocurrencies. The cost of mining them, for example: aren’t they just computer algorithms? Could I coherently explain a computer algorithm? Yes, many, including one or two...