Announcing a Return to our Roots: The All-New Bitcoin Magazine

The Future of Bitcoin: Rising Star or Ball of Flames?


         The Future of Bitcoin: Rising Star or Ball of Flames?

Bitcoin has experienced a flurry of attention recently in the media and in the political arena. Even cynical financial journalists and analysts have been drawn into the debate.Learn about financial markets and Bitcoin.

Since its inception in 2009 by the then anonymous developer Satoshi Nakamoto, this online based currency trading system has confused and excited the technology industry, because no one can seem to agree whether the concept of a digital currency that is not attached to government is a force for good or a harbinger of evil.

One thing that experts can all agree on is that when implemented properly, Bitcoin’s potential is limitless.

The supporters and developers of Bitcoin have been its fiercest advocates since its creation.

They love it because it allows users to exchange currency for goods or services online (and in real life with certain applications) without having to use a third party like a credit card company or PayPal. This eliminates service fees associated with such companies. By not affiliating with any country’s government or economy it can potentially avoid becoming dragged down when that economy suffers, which is also a desirable trait for many users.

Bitcoin’s detractors are concerned about its legitimacy. Since purchases with virtual Bitcoins are untraceable, it has become a preferred form of payment for illicit drug transactions. There is also a US court case pending that alleges Bitcoin was used as payment for contract killings.

Gavin Andresen, the chief scientist at the Bitcoin Foundation, was interviewed by NPR about the illicit implications of Bitcoin. When asked about the drug allegations he stated, ‘That’s really disturbing. That really bothers me. For me as a tech geek, my first thought is, all right, how can we stop this? How can we fix it? This is a case where maybe it can’t be fixed with technology.’

There is the other concern that while Bitcoin may not be subject to any one economy’s inflation, that currency trading within the Bitcoin system can be arbitrarily inflated. has reported daily price swings of Bitcoin as high as 80%. A paper based currency experiences price swings as well, but they are usually on or around the 1% mark.

This means that on any given day of currency trading your Bitcoins could be worth hundreds of times more than you paid for them, or virtually nothing. This volatility is not a great indicator of Bitcoin’s staying power in the digital economy.

Ultimately, we might have to wait until the world’s governments and indeed regulators decide how to handle Bitcoin – until then there are no guarantees that it will still be around in 10 years.


Ten Years Later, a Reflection on Bitcoin’s Genesis and Satoshi’s Timing

Rather than focusing simply on what the genesis block is, today is a day to reflect on what the genesis block represents.

Colin Harper

Op Ed: From Gray To Black and White: Traditional Regulations Come to Crypto

For the crypto industry, recent developments — at both the federal and international levels — signal that the time for plausible deniability or unregulated freedom is coming to an end and more traditional regulations are moving to the forefront.

Courtney Rogers Perrin and Joshua Lewis

Bitcoin Price Analysis: Blowing Through Support Levels on the Way to $3,000

Bitcoin continues to tumble lower and lower as it struggles to claim any footing in the market. It’s down almost 50% in three weeks and it’s showing very little sign of stopping. It’s currently clutching onto the $3,500 values but it doesn’t look like it can hold on much longer.

Bitcoin Schmitcoin

Op Ed: SEC’s Latest Declaration Creates Legal Minefield for Digital Assets

This broad, authoritative declaration is not unexpected, as, to date, the SEC has stated that all digital assets — regardless of whether they function as alt coins or utility tokens — are securities at least initially and, thus, subject to its jurisdiction.

Huhnsik Chung and Nicholas Secara