Bitcoin was created in 2009 as a new way of exchanging money online. Unlike traditional currencies, Bitcoin is not backed by any government or physical assets. So why does it exist? The answer is complex, but can be boiled down to a few key factors. First, Bitcoin provides a way for people to transact without […]
Man Who Lost Half A Billion In Bitcoin
On January 5, 2018, a man who had lost half a billion dollars in bitcoin told the New York Times that he was not giving up. “I’m a Hodler,” he said, referencing a term for people who hold onto their bitcoin even when the value declines. The man, who asked to remain anonymous, said he […]
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