A $24 million mansion is going on sale in London — but you can only buy it in bitcoin

  • Lev Loginov, co-founder of property investment company London Wall, which bought the property in 2013, is hoping paying for property in bitcoin could be the future.
  • He said that the company has a pipeline of properties that will go on the market and only be available to buy in bitcoin.
  • Loginov’s broader thought is that property ownership records can be transformed with blockchain technology.
  • “It will have to be a specialist blockchain for property.
  • For example, the tax on the property that will be paid to the government after the sale could be a couple of million pounds.

The £17 million price tag equates to over 4,000 bitcoin at Friday’s price.
Continue reading “A $24 million mansion is going on sale in London — but you can only buy it in bitcoin”

What is ethereum and how does it differ from bitcoin? 

  • The technology it runs on is called ethereum, which was first described by 19-year-old bitcoin programmer Vitalik Buterin in 2013.
  • Buterin envisaged ethereum as an improvement on bitcoin.
  • Like bitcoin, it is a decentralised payment network, with its own cryptograpic currency, that allows anonymous payments to be sent across the internet without the need for a bank or other third party.
  • As the second-biggest cryptocurrency after bitcoin, ethereum has inevitably drawn comparisons to it.
  • But advocates say ethereum has several advantages over bitcoin that make it more useful.

Ethereum is a rising star of the cryptocurrency world.
Continue reading “What is ethereum and how does it differ from bitcoin? “

Now I Get It: Bitcoin [Video]

Now I Get It: #Bitcoin by @Pogue

  • This arrangement has some stunning advantages over traditional currency or credit cards:

    There’s a whole lot of really cool, really complicated math involved in Bitcoin, designed to keep it secure and to prevent Bitcoin inflation.

  • There’s no government to decide when to print new money in this case, so new bitcoins are “mined”—created—through a complex scheme you can read about here.
  • When you get a Bitcoin address—something like an email address—you also get a complex password known as a private key, which you need to access your stash.
  • At that point, you can transfer money to other people by sending it to their Bitcoin addresses.
  • Or if your Bitcoin exchange goes out of business, which has happened plenty; in fact, 18 of the first 40 exchanges had gone under as of 2013, taking all their clients’ money with them.

Man, if anything needs the “now I get it” treatment, it’s Bitcoin. You hear about it all the time in financial and technical circles—but most people really don’t grasp it.
Continue reading “Now I Get It: Bitcoin [Video]”

Now I Get It: Bitcoin [Video]

Now I Get It: #Bitcoin by @Pogue

  • This arrangement has some stunning advantages over traditional currency or credit cards:

    There’s a whole lot of really cool, really complicated math involved in Bitcoin, designed to keep it secure and to prevent Bitcoin inflation.

  • There’s no government to decide when to print new money in this case, so new bitcoins are “mined”—created—through a complex scheme you can read about here.
  • When you get a Bitcoin address—something like an email address—you also get a complex password known as a private key, which you need to access your stash.
  • At that point, you can transfer money to other people by sending it to their Bitcoin addresses.
  • Or if your Bitcoin exchange goes out of business, which has happened plenty; in fact, 18 of the first 40 exchanges had gone under as of 2013, taking all their clients’ money with them.

Man, if anything needs the “now I get it” treatment, it’s Bitcoin. You hear about it all the time in financial and technical circles—but most people really don’t grasp it.
Continue reading “Now I Get It: Bitcoin [Video]”

What is ethereum and how does it differ from bitcoin?

What is ethereum and how does it differ from bitcoin?:

  • The first is that ethereum allows for “blocks”, the records of cryptocurrency transactions, that can be created much more quickly than bitcoin.
  • While bitcoin has been more widely adopted by online retailers and even some physical stores, ethereum’s fans believe its efficiency makes it better for transactions, rather than storing value.
  • Bitcoin’s appeal lies in money that is not controlled by any one party and does not have to run through a central server, but ethereum allows not just money, but all sorts of other things to run on the network.
  • A number of apps are being built on Ethereum, and the network is also being used by start-ups to raise money with initial coin offerings, which exchange ether or other currencies for special “tokens” that grant access to a service.
  • The price of ethereum has climbed more slowly than bitcoin since it launched, holding steady at around $10 for the first 18 months.

Ethereum is a rising star of the cryptocurrency world.
Continue reading “What is ethereum and how does it differ from bitcoin?”

What is ethereum and how does it differ from bitcoin? 

What is #Ethereum?  

 #fintech @cjmcgoogan @TelegraphTech #bitcoin #blockchain

  • The technology it runs on is called ethereum, which was first described by 19-year-old bitcoin programmer Vitalik Buterin in 2013.
  • Buterin envisaged ethereum as an improvement on bitcoin.
  • Like bitcoin, it is a decentralised payment network, with its own cryptograpic currency, that allows anonymous payments to be sent across the internet without the need for a bank or other third party.
  • As the second-biggest cryptocurrency after bitcoin, ethereum has inevitably drawn comparisons to it.
  • But advocates say ethereum has several advantages over bitcoin that make it more useful.

Ethereum is a rising star of the cryptocurrency world.
Continue reading “What is ethereum and how does it differ from bitcoin? “