Between the years 2007 and 2008, the world experienced a global financial crisis rivalling that of the Great Depression. Banks and financial institutions received massive bail-outs, in the hopes of stabilization. But what of the common man? Entrusting hard-earned money to these institutions resulted in many being left destitute and struggling to keep their heads above water. Thus, the introduction of the Bitcoin. A commodity that answered to no government and no bank, that gave people the financial freedom they craved. Continue reading
Bitcoins are a form of digital currency. Transactions concerning Bitcoins are published in an open ledger for all to see. There are no banks or brokers involved. It has no physical form and therefore cannot be printed. It can be bought, sold, traded or saved. So what makes it so valuable?