<iframe src="//www.googletagmanager.com/ns.html?id=GTM-K3L4M3" height="0" width="0" style="display:none;visibility:hidden">

Flat White

Everything you always wanted to know about bitcoin (but were afraid to ask)

10 March 2020

7:32 PM

10 March 2020

7:32 PM

Bitcoin has gone through bull and bear market hype cycles in its 11-year history. That it doesn’t just die and go away might be puzzling to casual observers.  

What is bitcoin anyway? It’s a parallel, open financial system with a new money that is strictly limited to no more than 21 million bitcoins (each divisible to 100 million satoshis or ‘sats’). 

More specifically, bitcoin is two things: a monetary token, and an open source payment network.

Already a subscriber? Log in

Easter flash sale:
10 issues for $1

Subscribe this Easter and get the next 10 issues of the magazine, plus website and app access, all for just $1.

  • Weekly delivery of the magazine
  • Unlimited access to spectator.com.au and app
  • Spectator Australia podcasts and newsletters
  • Full access to spectator.co.uk
Or

Unlock 3 articles a month

REGISTER


Comments

Easter flash sale: 10 issues for $1

Join the conversation with other Spectator Australia readers. Subscribe to leave a comment.

Already a subscriber? Log in

Close