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About This Blog

Bitcoin et al, translated Bitcoin And Others, is all about bitcoin and other cryptocurrencies. On this blog, I compile what I have read – such as history, news and other development – about bitcoin and similar cryptocurrency.

When I first heard about bitcoin in its early years, I completely ignored it for the reason that I was not into online games. The invitation I received then was to use bitcoin in online games. That time, the value of bitcoin was less than a US dollar. It was the early days of - it crypto terms - mining.

In December 2017, the value of 1 bitcoin bull run at 17,000USD to 1BTC. Had I bought 100BTC then which I might have purchased for less than 100USD, my bitcoin by the end of 2017 would have been 1,700,000USD. Realizing the opportunity that I had lost, only then that I have become interested in Bitcoin.

The Bitcoin technology – yes it is a technology – is not easy to understand. It requires a lot of reading and serious research. Wanting to put everything I have read on paper, I decided to blog it instead.

So, join me as I continue to research and blog about Bitcoin, hope that you too gain understanding about this promising technology.

Et al is Latin which means and others.

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Bits and Pieces

Not everybody loves bitcoin. Skeptics will always find a way to opine that Bitcoin has no future. Take a look at the skeptics of the past and see what they had said. 1876: “The telephone has too many shortcomings to be seriously considered a means of communication.” — William Orton, president of Western Union. 1995: “I predict the internet will soon go spectacularly supernova and in 1996, will catastrophically collapse.” — Robert Metcalfe, founder of 3Com. 2007: “There’s no chance that the iPhone is going to get any significant market share.” — Steve Ballmer, Microsoft CEO. Source: ccn.com
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Crypto Facts

Xapo, the Swiss-based cryptocurrency wallet and vault service provider, stores more than $10 billion worth of bitcoin in its cold wallets managed offline in safe Swiss vaults. According to Bloomberg, more customers have stored bitcoin in Xapo’s vault than 5,670 banks in the US. ~ ccn.com
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Compared to Stocks and Bonds The investment case for cryptocurrencies is weak. Unlike stocks and bonds, currencies generate no cash flows such as interest payments or dividends that can explain their prices. National currencies derive their prices from the underlying economic activity of the countries that issue them. Cryptocurrency prices, on the other hand, are generally not based on economic fundamentals. To date, their prices have depended more on speculation about their eventual adoption and use. ~ Joe Davis, Vanguard economist via ccn.com
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