These are eight, random "Daily Photographs" from my personal Flickr collection.

Wednesday, December 28, 2016

A Sure Bet

I have written a surprisingly large number of entries referring to Bitcoin. At least, I tend to think of several dozen as a large number for this topic. I became involved in watching the drama in 2013 by reading and researching.

I knew that it was a winner in purely technical terms. One cannot beat math! However, being a superior option doesn't ensure success. Isn't it common knowledge that Sony's Betamax was a better format than VHS back in the day? Of course, it went on to lose the battle. Bitcoin could have been outlawed or over-regulated. It could have very quickly been supplanted by an improved cryptocurrency. It might have gone down with the demise of a key trading platform. Yet, it so clearly wasn't what so many of the supposed authorities and pundits suggested: a Ponzi scheme. Most ordinary folks don't have a clue as to what money really is.

You can simply type: 1 btc to usd into a Google search. I was going to add an iframe window, but Google no longer allows searching within them. I saved a recent search as an image instead. As we are approaching the beginning of 2017, I expect a single bitcoin will soon be worth $US 1000, or at today's currency exchange rates, over $CA 1350.

Screenshot 2016-12-28 16.04.21


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