It’s not often that currency is the hot topic around the watercooler, but that’s exactly what has happened with bitcoin. Whether you think it’s the future of currency or a flash in the pan, there’s no denying that bitcoin and other cryptocurrencies are a huge industry. According to Nerdwallet, the industry is currently valued in excess of $700 billion. Amid all the hoopla over bitcoin millionaires and wild fluctuations, there’s one question that few people seem capable of answering: What the heck is bitcoin? In short, it is the most well-known type of cryptocurrency — a digital or virtual currency. Cryptocurrency functions much like dollars, pounds, or euros, but it’s not controlled by a governing body. Instead, cryptocurrencies are decentralized. A technology called Blockchain allows the currency to exist across thousands of locations rather than in one place. Blockchain technology offers unprecedented security, as it is essentially impossible to hack. Bitcoin is far from the only cryptocurrency. There are thousands of cryptocurrencies, and more are emerging all the time. Startups are now opting to use initial coin offerings (ICOs) as a method of fundraising. ICOs work similarly to stock offerings, except they don’t require your company to be huge to offer them. ABeginner’s Guide to Cryptocurrency WHAT’S THE DEAL WITH BITCOIN?
and the lack of a central banking authority as prominent features. Critics note the instability inherent with cryptocurrencies, especially as the market is largely speculative. There may come a time when you can use cryptocurrency at your local grocery store, but that’s probably a long way off. In terms of regulation, cryptocurrencies are reminiscent of the Wild West. Agencies like the IRS and SEC are still figuring out how to monitor and regulate their use. Investors involved in cryptocurrency should maintain detailed records about their holdings, losses, and gains for tax purposes. Untangling the complexities of cryptocurrency is no easy matter. Whether you’ve already invested in them or are thinking of doing so, it’s wise to seek out the advice of an expert before finalizing any decisions.
As with any emerging market, cryptocurrency is the subject of much speculation but very little established fact. Proponents point to the security, the anonymity,
Chris’ Paleo Corner:
LAMB VEGGIE STEW
Adapted from ultimatepaleoguide.com
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1. Heat oil in a large soup pot. Add vegetables, and cook until softened. Add Italian seasoning and lamb, and cook until lamb is browned. Stir in broth, and bring to a boil. 2. Reduce heat, and simmer until lamb is tender. Serve topped with chopped parsley.
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• 2 tablespoons olive oil • 1 onion, sliced • 1 carrot, sliced • 1 zucchini, sliced • 1 green pepper, sliced • 1 teaspoon Italian seasoning
• 1 pound lamb, cubed • 4 cups chicken broth • Fresh chopped parsley
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