The latest buzz words in the world of business investment (no pun intended), and daily conversations among common folks are without a doubt, “Bitcoin, “and possibly “Cryptocurrency.” The former, in particular, have gained a global appeal and prominence, in part, due to a meteoric rise in price (almost 20 fold increment) from a lowly $950 USD at the start of 2017, to a high of nearly $20,000 in December of the same year. But what exactly are “Bitcoin” and “Cryptocurrency” and how do they work? It is important to bear in mind that a lot of people don’t know much about these topics because of their complexity and technical nature, but I shall walk you through the basics of what you must know in order to have a sound grasp of the world of Cryptocurrency by providing key definitions of terms and making things as clear as possible. A BRIEF HISTORY Against the backdrop of many unsuccessful attempts to create a decentralized digital cash system in the 1990s, a mysterious fellow named Satoshi…
"Disruption"
is the keyword for the 21st-century economy. There is no
such thing as a stable corporate empire now. If you need a perfect definition of "nouveau riche," look no further than Crypto
Castle, and the preening Jeremy Gardner, the poster child for the
cryptocurrency millennium millionaire. Before you cheer too loudly
for the fresh face of a new generation, remember that forty years
ago, Boomers were a bunch of hippies having love-ins in Central Park.
What's this guy going to be in forty years? You better hope he turns
out nice.
First
came the Internet, the World Wide Web, and Amazon. Retail malls dried up gradually in an event we now call the "retail
apocalypse." The wealth shifted, from big-box retailers to indie web kiosks, which then grew to replace the
malls. There's a whole category of urban explorers on YouTube whose
entire channel is about filming dead malls. The founding of this art form is credited to Dan Bell:
Next
came the
gig economy. Employers had…
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