The Truth about Bitcoin and Alternative Currencies

Bitcoin has been making headlines for months. With the price fluctuating wildly, is it really a currency, or just a scam? To find out, we have to analyze its properties.


Steve Patterson writes:

Bitcoin has been making headlines for months now. Extreme price fluctuations have sparked a vigorous debate: Is it a currency or a scam? Is bitcoin viable in the long-term, or are we witnessing a bubble waiting to burst?

The answers to these questions are simple: Yes, bitcoin is a currency, but we cannot know if it will remain so in the future. It does, however, have many properties that might make it viable in the long run.

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You may read more about this subject in Patterson’s book Bitcoin Beginner. To learn more, visit:…, and to learn the basics of Bitcoin, visit:…

EDITORS NOTE: The featured image courtesy of CASASCIUS. It is titled “Bitcoin banknote” and is licensed under the Creative Commons Attribution 3.0 Unported.

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