On Cryptocurrencies
I’ve heard the words “cryptocurrency” and “bitcoin” for many years now and had a very vague idea of what these meant. I mean, I “knew” what a cryptocurrency is and that a bitcoin is a type of cryptocurrency, but didn’t really “know”, “know” what these meant, if you “know” what I mean. A week ago, I started writing a short story which has as one of its characters a man who trades in bitcoins and suddenly there was a reason for me to really “know” what these words meant. So, I turned to Wikipedia and other internet sources to tell me what cryptocurrencies are and found that cryptocurrencies are digital or virtual currencies that are not issued by governments or banks. They are decentralized and operate independently of any authority. Bitcoin is the first and most well-known cryptocurrency, but there are hundreds or possibly thousands of other cryptos, such as Ethereum, Ripple, and Litecoin. Transactions with cryptocurrencies are recorded on a public ledger called a blockchain. Which beg...