The Amazing Story of Cryptocurrencies Before Bitcoin

The fabric of digital dreams: Gold. Photo by Color Crescent on Unsplash What — you exclaim with disbelief. Cryptocurrencies before Bitcoin? Yes, indeed. Don’t get me wrong, Bitcoin was the first blockchain-based currency. But by far not the first purely digital money. That one has a colorful history of dreams, prosecution and failure. The misfits of cryptocurrencies delivered…

Read More

BlockchainTech: Can Triple Entry Accounting Save the World?

Luca Pacioli, father of modern accounting. Source: Wikipedia Before you finish this article, you will have fallen in love with double entry accounting, mourn its failing and rejoice with us in saving the world up to $4 Trillion[1] in losses due to fraud. The Notting Hill Carnival is one of London’s most colourful annual events with…

Read More

Silk Road: A Cautionary Tale about Online Anonymity

Are bitcoin and the Darkweb as anonymous as people think? Screenshot of Silk Road online shop. One of the biggest allures, and criticisms, of cryptocurrencies is their anonymity. Bitcoin transfers are publicly available, but only linked to an account number and not a person. But bitcoin isn’t actually that anonymous after all. Experts call it “pseudonymous,” comparable…

Read More