Tonight Bob Van Valzah dropped in for a long session on Bitcoin & Digital Currencies which turned into the second half of a seven-part series on Digital Currencies. This episode covers:

  • Why is the price of Bitcoin so volatile?
  • What can drive the price of Bitcoin down?
  • Betting on Bitcoin via exchanges and futures.
  • How do I accept Bitcoin, and what is a wallet, and how does it work?
  • What is a hardware wallet, and a cold wallet?
  • How do miners actually make money?
  • What are transaction fees?
  • Should I drop a grand on a mining rig and get started?
  • Should I invest in Bitcoin? What is a binary investment option?
  • Can Bitcoin be lost or destroyed? How is this different from fiat currencies?

More to come in part 6 and 7…