In mid-January, after a South Korean Justice Minister said the country was preparing a bill to ban Bitcoin trading, Bitcoin, Ether, Ripple, Bitcoin cash, and Litecoin all fell by between 5% and 12%.
The South Korean minister said, ‘There are great concerns regarding virtual currencies and the justice ministry is basically preparing a bill to ban cryptocurrency trading through exchanges.’ But South Korea is one of the world’s largest markets for cryptocurrency activity, and after Bitcoin’s surge from $1000 to $19,000 at the end of 2017, just where should you stand on cryptocurrency? Should you get into the frey or stick with cold hard cash— and what’s the difference between bitcoin and Bitcoin cash anyway??
On Dot Complicated I sit down with some of the leading experts in their fields to discuss what makes their industry so dang complicated. Today I discussed why cryptocurrency is complicated. Joining me for this show were Paul Vigna and Michael Casey, authors of The Truth Machine: The Blockchain and the Future of Everything the follow-up to their best-selling book, The Age of Cryptocurrency. Also joining was Sean Worthington, digital currency creator and CEO of CloudCoin.
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