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Bitcoin: Fails as a Solution to Double-Spending

  A few years ago the world was introduced to Bitcoin; the brainchild of Satoshi Nakamoto; It is not the first crypto currency created, but certainly the most widely held. Bitcoin was built to address a very specific problem, Nakamoto coins it “double-spending.” E-commerce from the very beginning has relied on financial institutions to act…

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Bitcoin as Electronic Currency

Bitcoin

Exit the dollar, the euro, etc.  Not so fast!  Non-governmental currencies have existed before; however, an unregulated virtual currency is something new and different.  Bitcoin is a cryptocurrency that was created in 2009 by a computer scientist known only under the pseudonym Sutoshi Nakamoto.  Bitcoins are not held in bank accounts but in digital wallets…

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