The biggest promise of the blockchain technology is security. Through its distributed ledger that makes the chain, the blockchain makes it impractical for a hacker to enter into your cryptocurrency wallet and steal your coins. While blockchain is the blueprint of internet security, the technology doesn’t offer a completely secure system for its users. Although…

A while ago I wrote a short piece on AMBD’s position on cryptocurrencies and how it wasn’t legal tender. A few weeks ago our monetary regulators issued an addition to their previous statement. This was to remind the public on their stance and provide additional information with regards to things that fall onto their jurisdiction. This…

Over the time I’ve posted articles about Bitcoin, we’ve been on a rollercoaster ride in price action! Near the end of 2017 saw it reaching around USD20,000 only to plummet to around USD10,000 recently. For those of you not used to this ride, welcome to the Wild West Life of Cryptocurrency! In seriousness, though, there’s an…

A while after I posted about Bitcoins in Brunei, I’ve received some questions about mining bitcoin. I’ve personally been interested in mining bitcoin before that but never actually started. One of the reasons for this is the actual startup capital needed to do it is no small value; hardware costs are in the thousands. Secondly, I…

When I posted my article about buying Bitcoins last time, I got numerous questions asking about selling them instead. Truth be told, all the gains you have when putting your funds in Bitcoin are only worth as much profit on paper. You can only lock in those profits when you decide to get out and…

A while ago, I started getting into Bitcoin. This was when it was starting to really break into the mainstream. And while getting into it, I had to actively stop kicking myself for being naïve back in 2011 when a friend tried to introduce me to Bitcoin. Regardless, there was only one question I had…