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It was the introduction of bitcoin nearly nine years ago that launched the concept of digital currencies, or cryptocurrencies. They offer a means of buying, selling and trading that bypasses national currencies and central banks. Although the first usage of bitcoin wasn’t for entirely legitimate purposes – it funded illegal drug sales and other underground activities – the coin has since evolved into an intriguing investment opportunity, and a potential instrument for purchasing a wide range of goods and services. Still, bitcoin and other cryptocurrencies have yet to catch on with the general public. They remain largely limited to risk-seeking investors – a source of speculation, not commerce. On this episode, we discuss the evolution of cryptocurrencies with Felix Forsgren, founder of Volatility Media and Coinworld. He explains the concept behind cryptocurrencies, how coins are “mined,” what purpose they serve, and whether they can survive the hype that characterizes them today. Can this “Wild West” be tamed? Hosted by Bob Bowman, Managing Editor of SupplyChainBrain.
Look for a new episode of the podcast, which can be downloaded or streamed, every Friday on the SupplyChainBrain website and iTunes.
A beginner’s guide to bitcoin and ethereum from Coinworld.
Cryptocurrency market capitalizations on Coinmarketcap.com.
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