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In late 1999 I had my Bitcoin moment. I was a 22 year old first year analyst working on the international trading floor at a major investment bank. The internet boom was peaking and I had just gotten my year end stub bonus of 20,000. Although the 20,000 magically turned into 12,000 after paying New York City taxes, for the first time in … Bitcoin () is a cryptocurrency and worldwide payment system. : 3 It is the first decentralized digital currency, as the system works without a central bank or single administrator. : 1 The network is peer-to-peer and transactions take place between users directly, without an intermediary. : 4 These transactions are verified by network nodes … But that means bitcoin also has to get by on do-it-yourself projects by a decentralized network of enthusiasts. The digital process by which new bitcoins are created and added to the currency supply - called quot;miningquot; - involves a ton of computational power, and thus a ton of energy. Mining is also bound up with the creation and … Bitcoin has been here almost for a decade now but there continue to be myths surrounding the king of cryptocurrencies that keeps percolating amongst the newbies and veterans alike. Nevertheless, the best way is to clarify these myths because any truly decentralized and censorship-resistant tech is bound to face such issues. I also … Dec 28, 2015nbsp;0183;32;This is the second article in a three-part series on whether or not Bitcoin makes a good investment. Read the first, detailing 10 arguments in favor, here, and the third, outlining ways to buy, invest in and store Bitcoin, here. Disclosure: I own a small number of Bitcoin. In 2015, venture. Holy Shit. is the only reasonable reaction. Youve got Bitcoin with a poker val thorens value of 234 Billion Dollars, then Ripple at 92 billion with Ethereum right apl poker gladstone at 85,792,800,592. 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