Blockchain, the underlying technology that powers bitcoin, is one of the buzzwords of the past year. Practically everyone is talking about blockchain, and for good reason. Distributed ledgers, the term of art for blockchain’s underlying technology, offer an exciting new way to transact business without a central authority. Here’s a nontechnical, simplified description of the component parts.
Shelly Palmer talks with Richard Quest on CNN's Quest Means Business about Apple slowing down older iPhones to "protect" them. Then, they discuss Bitcoin, Cryptocurrency and Blockchain, and Richard demonstrates how to buy a Bitcoin. Original Airdate: December 21, 2017
Bitcoin is trading at over $11,000. What is it? Should you consider buying? Shelly Palmer explains the cryptocurrency and talks about the risks and possible rewards with Sukanya Krishnan and Jennifer Lahmers on Fox 5. Original Airdate: December 5, 2017
An ICO is similar to an IPO (initial public offering) in that it offers a certain amount of ownership in a company to the public. In an IPO, a share of stock represents fractional ownership of a corporation. In an ICO, a crypto coin represents a percentage of ownership in pretty much any business endeavor offered by pretty much anyone. This lack of regulation and oversight allows for quick growth, pivots, and innovation but it also comes with a brand-new risk profile – which is both exciting and terrifying!
Here’s an idea … I’ll call it “Nuber.” You can think of it as a technology that offers all the value Uber offers, but the drivers get all the money. Here’s how it would work.