In 2009, Kristoffer Koch, a Norwegian student was working on his encryption thesis and heard about a mysterious cryprocurrency called ‘Bitcoin‘, he decided to buy $27 worth of bitcoins (5,000 bitcoins) for fun, and then he forgot about them.
On April 2013, the value of Bitcoin skyrocketed and received a widespread media coverage, and Kristoffer remembered that he invested in Bitcoin in the past,“I thought to myself, didn’t I have something like that?” Koch told to NRK. Continue reading →
The world of Bitcoin and Cryptocurrency is often referred to as ‘The Wild West’ and right now it isn’t far wrong! So far it is unregulated, decentralised, and anonymous – but only up to a point. Currently, there are no Bitcoin police to help you, so we all have to be responsible to find and report scam websites that are harming the reputation of Bitcoin and Cryptocurrencies.