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What is a Bitcoin & How do Cryptocurrencies Work

Say there’s a coin that’s currently worth numerous U.S. dollars, but it’s not made of gold, or platinum, or any rare-earth element. In reality, it’s not the sort of coin you can hold in your hand or stick in a piggy bank. It’s a digital currency, which suggests it just exists electronically. I’m discussing bitcoin. Bitcoin doesn’t work like most cash. It isn’t connected to a state or government, so it does not have a…

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P2P – Augur May Become the Greatest Gambling Platform in History

An online gambling platform could do to the neighborhood bookie what electric refrigerators did to the ice delivery man. Coming this fall, Augur will allow participants to wager money on any future event of their choosing. Software will set the odds, collect the bets, and disperse the winnings. The price alone should give Nevada sportsbook operators pause; an estimated one percent of every pot will go to keep the system running. The average vig today…

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