So Bill Gates says of Bitcoin and other cryptocurrencies — “As an asset class, you’re not producing anything and so you shouldn’t expect it to go up.” Last week the well known anti-cryptocurrency billionaires Buffett and Munger were also lambasting cryptocurrencies as a investment opportunity. For many of us in the crypto space this comes as no surprise. These guys are well known for their critique of crypto but is he right? Gates’ statement seems to 1) suggest that only assets that produce something should be expected to go up in value and 2) that cryptocurrencies produce nothing. …


The Blockchain Revolution??

ALL HAIL THE BLOCKCHAIN REVOLUTION???

When I first heard about cryptocurrencies it was all about making money-$$$. People were getting rich or so I heard and I wanted in on the action. So I asked around. “Tell me about Bitcoin,“ I said to anyone that I thought may know more than I did and at the time I knew very little. It wasn’t long before I began to hear the same word over and over again. Not Bitcoin but — Blockchain. The more I heard about the blockchain the more excited I got. Words and concepts like, revolution, primacy of…

Jean Foster-Wood

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