To bring you the best content on our sites and applications, Meredith partners with third party advertisers to serve digital ads, including personalized digital ads. Those advertisers use stephen mihm bitcoin stock technologies to collect information about your activity on our sites and applications and across the Internet and your other apps and devices. What’s happening in monetary policy and macroeconomics. If nothing else, Bitcoin gives us something to talk about.
But, should a sensible person buy the stuff? First, let’s review what Bitcoin is. The open-source software for Bitcoin was introduced in 2009, and it represents a decentralized means for transferring ownership of digital objects, along with a decentralized system for augmenting the supply of such objects. Central to how Bitcoin works is the blockchain, which consists of a record of the entire history of ownership of the digitial objects – the “coins. What role could Bitcoin – and other competitors such as Ethereum – play in the economy? What good could these systems do for society as a whole?