Over an incredibly short period, BitCoin has grown from an enthusiast’s project into the cause of the world’s astonishment. The media seem to never end debating the topic, popping out one headline after another. While some forward-minded people already use BitCoins for purchasing everything, from a daily newspaper to real estate, others still get confused trying to understand how the crypto-currency works. The questions arise: Is it worth the effort to take time and figure out everything about BitCoin? Should we even care about it?
All the answers to these and other questions you might have can be found in “The Age of Crypto-Currencies.” It’s a 2015 book published by P. Vigna and M. J. Casey, two reputed Wall Street journalists. Digital currencies have every chance to establish an innovative economy across the world, giving access to financial transactions to individuals that lack bank accounts. This will be followed by revolutionary changes in the structures of the financial and social sphere. Other advantages bursting into the financial world together with the crypto-currencies are: transactions carried out without any intermediary or third-party, and the safeguard against crises similar to one that brought devastation to the world economy in 2008.
However, crypto-currencies are not entirely devoid of drawbacks. The most widely known of them, BitCoin, is notorious for the lack of stability and unpredictable value fluctuations, as well as involvement in black market activities. Nevertheless, it has become a modern reality, and it’s not going anywhere. For your own good, consider researching into both positive and negative sides of the virtual coin. It can’t hurt to know how to navigate your way in a world of digital currency, as chances are it’s what our future lies with.