In brief: Bitcoin’s battlefronts
Trying to decide if Bitcoin is a currency or an investment is not unlike trying to discern whether light is a particle or a wave. The correct answer of course is, it’s both. Bitcoin faces a multitude of battlefronts that may obstruct it from further pushing into the mainstream, as a universally accepted currency.
Blockchains vs centralized databases
If you’ve been reading my previous posts, you will know by now that blockchains are simply a [new type of database](http://www.multichain.com/blog/2015/10/private-blockchains-shared-databases/). That is, a database which can be directly shared, in a write sense, by a group of non-trusting parties, without requiring a central administrator. This contrasts with traditional (SQL or NoSQL) databases that are controlled by a single entity, even if some kind of distributed architecture is used within its walls.
Japanese Company, Tech Bureau, Launches Private Blockchain Project
Blockchain technology underpins bitcoin and recently financial institutions and companies have been showing a great amount of interest in the technology.
A Theory of the Scam
Jeffrey Tucker, one of the 50 speakers at the annual The North American Bitcoin Conference, shares his views on the GAW Miners/Paycoin debate heating up and offers a broader view on the nature of scams in general.
