What is this thing called Bitcoin?

News and Trends in Financial Services

Some of us know the numbers.

If you’d invested $1,000 in Bitcoins in summer 2011, you would be sitting on around $500,000 today.

That’s because we didn’t invest $1,000 in summer 2011.

Nevertheless, some of us did invest $1,000 in summer 2013 and by December, that investment is worth $10,000.

What is this benign conundrum Bitcoin?

Some claim it is the next generation currency that will dominate global trade for the next generation.

Some claim it is the displacement for national currencies.

Others claim it replaces Visa, MasterCard, PayPal and even the banking system.

I claim it is the Wikicoin for the Wikileaks Generation.

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Just An Ordinary Bloke, With An Extraordinary Dream

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