Steve Lance
Bio
My long search continues.
Stories (53/0)
Why Bitcoin Will Fail
Bitcoin has many issues and will at some point fail. Bitcoin has no purpose and provides no benefit. It is not a currency, it is not a store of value, it is not an inflation hedge, it is not digital gold, it is not an asset, it is simply used for speculative trading. Its only value is that people believe it will continue to increase in value, so for the time being it does.
By Steve Lance3 years ago in 01
Bitcoin Deconstructed - Part 3
Introduction This is the third and final article on how Bitcoin works. In the first article, you learned about hash functions and how they are used to produce hash codes. In the second article, you learned what a Block Chain is and how it is structured. In this article, you will see how all the parts fit together and how Bitcoin miners produce new Bitcoins and facilitate transactions on existing Bitcoins.
By Steve Lance3 years ago in 01