Bitcoin

Approach Bitcoin With Caution

Once you look under the hood of bitcoin you realize that there is an expiry date given the maximum limit of 21 million bitcoins that are "mined" in an increasingly expensive process presently done in massive mainframes the size of football fields. It is also true that the infamous website known as the Silk Road, which trafficked all sorts of illegal goods such as drugs and guns, used bitcoin as the main currency.
ansa

Far From Dead

It's been a rough month for bitcoin. The digital cryptocurrency — which may or may not have been founded in 2009 by a 64-year-old Japanese recluse — was hit by the biggest challenge it's faced so far...
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Has Canada Put a Question Mark Over the Bitcoin?

Bitcoin -- the virtual currency and global payment system -- is coming off a banner year. Recently an official from the Federal Department of Finance apparently indicated in an email to a media outlet that bitcoin is not legal tender in Canada. That was cause for David George-Cosh to suggest that Canada was "putting a question mark over the use of" bitcoin in Canada in a Wall Street Journal post. In my view, the comment from Finance does nothing to inhibit bitcoin's growth, acceptance, or adoption in Canada.