Skip to main content

Posts

Showing posts from June, 2017

Getting into crypto currencies and block chain technology

It was in 2011 that I first picked up on something like Bitcoin as a digital currency. In 2013 my brother and I decided to buy some of this digital currency via a US based startup: Coinbase. I finally did not buy any, because ultimately I decided it was all a load of hot air, a bubble. My brother decided to try his luck and bought bitcoins worth of 50 USD. He made a backup of his Coinbase wallet and then forgot about it. Then Coinbase got hacked and all wallets were stolen. anyone without a backup just lost all their money. And I was thinking, I was right to call this a scam.

The internet of value Fast forward to today and I can say how wrong I was to think this. Today I understand that block chain technology and crypto currencies are not (always) a scam. In fact, I believe the underlying technology will change the way we run our economies, the same way the internet and mobile devices changed the way we communicate. I believe that block chain technology will facilitate the internet o…