What physicians should know about Bitcoin but were afraid to ask

2017 has been the year of the cryptocurrency. Of course, the most famous is Bitcoin. It’s been all over the news recently, largely because its value has skyrocketed in a very short time. Since the focus of this blog has a lot to do with investing, particularly in alternative investments, I’d be remiss if I didn’t at least touch on the subject. Now, making money from currency exchanges is nothing new. But with these new forms of technology, this exchange is happening at speeds never before seen, particularly because there is no government oversight. “What is cryptocurrency?” I hear you ask. Let’s break it down in this quick summary. What is cryptocurrency? To put it simply, cryptocurrencies like Bitcoin are a payment system without a central network. With Bitcoin and others, there is no Federal Reserve — the currency only exists in a peer-to-peer network. The benefit of this is that exchanges can be completely anonymous and don’t require a bank. That was the initial draw, at least. Now that more mainstream investors are taking notice, cryptocurrencies have become an asset on their own. Continue reading ... Your patients are rating you online: How to respond. Manage your online reputation: A social media guide. Find out how.
Source: Kevin, M.D. - Medical Weblog - Category: General Medicine Authors: Tags: Finance Practice Management Source Type: blogs