Cryptocurrencies encompass a wide range of technologies, communities and uses. Not all of them are taken seriously.
For the global tuna industry, which has historically struggled with illegal and environmentally dubious fishing practices, the use of blockchain could be a turning point.
WWF
Blockchain is now helping to bring much-needed transparency to the global tuna industry, which has been prone to corruption, human slavery and unsustainable fishing practices.
There are some risks, like a crash in the price of Bitcoin, that are more certain than others in 2018.
Lucas Jackson/Reuters
The odds are that we get through 2018 without war, mass capital flight, or a housing crash. But all the risks are medium probability, and the consequences could be dire.
Using metaphors for cryptocurrencies helps people feel more familiar with the technology. But there’s a downside – we expect it to work just like regular money.
If Bitcoin is a bubble, it will be because its price rises are too great and can’t continue. If it isn’t, it will be because the Bitcoin market is still expanding. We just don’t know which one yet.
Bitcoin has been viewed as a liberating path out of the corporate monetary system. But the process of ‘mining’ the cryptocurrency is a massive energy drain - and potential environmental disaster.
The astronomic rise of the price of bitcoin over the past 12 months raises fears that the cryptocurrency is set to crash which could see many people lose money.