Tuesday, June 17, 2014

THE BITCOIN PHENOMENA

I have a confession to make: I am overwhelmed by technology. It is getting harder and harder for me to understand and intuitively use things like the X-Box One or the Smart T.V. Keeping up is maddening!

My latest brain fart relates to the phenomena of Bitcoin. 

Understanding the concept and fundamentals  of the digital cyptocurrency has me feeling numb, and perhaps dumb.

There is no shortage of debate about the merits or dangers of Bitcoin. Some say it is digital gold, a real currency, the future of currency and that it will change the world. Others say it is a fad, hype, it is work nothing - a scam. The debate is taking place in economic schools, between programmers, investors, politicians and policy makers.

I don't know if it is fit to eat, but I am determined to learn more before passing an opinion.

Here is a video I found on You-Tube courtesy of the Washington Post that might help.





and another video that is more in-depth but a little biased.


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