Bitcoin Storage: Paper Wallets

We’ve talked about Cryptocurrency storage before: hot wallets (not good) cold wallets (very good). We’ve since been asked about paper wallets – here’s our thoughts. A paper wallet is a document that contains a copy of the public and private keys that comprise your cryptocurrency wallet. Since the keys are not stored digitally anywhere, it cannot…

From Barter to Bitcoin

This week Deutsche Bank lead strategist Jim Reid, declared fiat may be finished. A little too much fractional banking perhaps. “Although the current speculative interest in cryptocurrencies is more to do with Blockchain technology than a loss of faith in paper money, at some point there will likely be some medium of exchange that becomes more universal…

Bitcoin Trader takes on the Wild West with ADCA

Bitcoin Trader has joined the ranks of the newly formed Australian Digital Commerce Association (ADCA). ADCA states, “Collectively, ADCA members help advance the adoption of blockchain technology in Australia and work together to advocate for appropriate regulatory and policy settings.” Nicholas Giurietto, CEO & Managing Director of ADCA comments; “As a pioneer of SMSF investments…

Bitcoin: The New Asset Class

Exceptional returns; 123% in 2016, and strong CAGR predictions; 45% annually for the next 9 years, Bitcoin instantly diversifies investment portfolios and SMSFs. With legislation now allowing SMSF’s to invest in Cryptocurrencies, Bitcoin Trader enables Australians to capitalise on the currency leading the Fourth Industrial Revolution. In preparation for the SMSF Association National Conference in Melbourne this…

No, Bitcoin is not Chinese

Bitcoin’s recent price correction came off the back of the People’s Bank of China announcing an “inspection” into exchanges BTC China, Huobi and OKCoin. Panic merchants wrote another Bitcoin obituary (currently at 119 since 2013), yet bitcoins are still worth 50 per cent more than they were three months ago. People’s main concern around Bitcoin is the perception that it…

Will Bitcoin Save Australia’s Devalued Democracy?

As Global Government’s in India, Venezuela, and China roll out financial policies devaluing their currencies, fellow citizens of the first world may have considered themselves immune. But when Australia’s Queensland Government passed legislation last week, enabling them to repatriate public servant’s superannuation savings –  without community consultation, the value of democracy declined. Due to an ongoing budget crisis resulting…

Exchanger Danger

With Bitfinex’s recent hack resulting in the loss of $65 million in Bitcoin, there’s been a lot of debate around exchanger danger. Whilst most of the finger pointing moves from hackers to exchanges – it may be misdirected. Bitcoin exchange sites are fundamentally unsafe: “The risk of losing funds stored at exchanges is real but…

What the heck is Bitcoin?

Whilst a Google search for “Bitcoin” returns 115 million results, chances are, you still won’t understand it. What is the Blockchain? Why are people mining? Here’s the basics – for everyone who doesn’t speak geek. Why Bitcoin? From a young age, when we first received pocket money, we immediately understood the value – and thrill…

The History of Digital Currency

People still refer to Bitcoin as “new” – yet Satoshi published his white paper on the digital currency in 2009. Apple announced the iPad in 2010 – no one would describe it as new today. A device that was bigger than a smartphone, but more agile than a laptop is now considered an inevitable technological evolution. At…