Posts

Showing posts from June, 2020

An article demystifying crypto-coins, and if it's even possible to value Bitcoin

Image
This post has nothing to do with Oracle technology as I haven't yet tried Oracle blockchain. I'm also aware that much has been said  on the subject by others and inner workings of blockchain have been explained ad-infinitum over the years. 

But here's my analysis that describes ideas like money, "value", price, some history of "ledgers" and how they evolved to "Distributed Ledger Technology". 

Must add that many of the shortcomings around scalability of Bitcoin (which is only one of and the pioneering cryptocoins) are covered on Bitcoin FAQ's

Abstract below:
The meteoric rise of the price of bitcoin, and its accompanying wild fluctuations, piqued the interest of many investors and speculators. Cryptocurrency has often been hyped as a gold-like replacement for fiat currencies by virtue of its “finite” supply. There have been many publicised stories of the early stage “miners” who “solved puzzles” (as they put it) on their computers to “mine” b…