Bitcoin is the first decentralized peer-to-peer payment network that is powered by its users with no central authority. It’s sole purpose is to become a new payment system on its own.

Bitcoin is a Permissionless, Decentralized Firearm: Cody Wilson is Satoshi Nakamoto
The path to a cryptocurrency revolution might just run through a sleepy Austin, Texas industrial park, home to offices of Cody Wilson and his company, Defense Distributed in the United States. Parallels exist between downloadable files from a website, allowing users access to 3D printable firearms, and a permissionless, decentralized, censorship-resistant medium of exchange. If the world’s most powerful government succeeds in preventing Mr. Wilson from engaging in basic speech, hold on to your electronic wallet because it could be next. 

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Cryptocurrencies’ $600 billion crash hits a new low
A broad selloff in cryptocurrencies of all sizes reduced the market value of virtual currencies tracked by Coinmarketcap.com to $230 billion, the lowest level since November

Bitcoin retreated as much as 7% to $6,393.70 in London, extending its 2018 drop to about 55%. Photo: Bloomberg
Bitcoin retreated as much as 7% to $6,393.70 in London, extending its 2018 drop to about 55%. Photo: Bloomberg
Eric Lam, Bloomberg
Hong Kong: The 2018 selloff in cryptocurrencies plumbed new depths on Wednesday after the US Securities and Exchange Commission dented enthusiasts’ hopes for an exchange-traded fund backed by Bitcoin.

A broad selloff in coins of all sizes reduced the market value of virtual currencies tracked by Coinmarketcap.com to $230 billion, the lowest level since November. Digital assets have now lost about $600 billion since crypto-mania peaked in January, equivalent to erasing the entire market value of Visa Inc. twice over. (Shares of the payments processor are trading

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