“Chancellor on brink of second bailout for banks” is the headline of the 3 January 2009 which was encoded in the Genesis Block, the first block of bitcoin to be mined and recorded on the blockchain.
Satoshi Nakamoto, the pseudonym for the person or group of people behind Bitcoin, made their intentions clear: our money should not need banks, it should not be controlled by anyone. The Chancellor at the time was Alistair Darling, who would later go on to open Edinburgh’s Library of Mistakes. Dedicated to financial history and specifically how things have gone wrong; covering events ranging from the most recent financial crisis to City of Glasgow Bank’s collapse almost 150 years ago.
Some may be looking at their crypto wallets following the recent crash in crypto markets, tumbling to well below half its peak, and wondering if the Library should make some space for Bitcoin and the many cryptocurrencies it has spawned. I would argue, no. Bitcoin, and specifically the blockchain technology...
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INN caught up with cryptocurrency investment expert Dan Hoover to review the current landscape and where the market may be heading. The cryptocurrency investment marketplace has gone through severa...