Category Archives: economy

Bitcoin: A Summary

This video offers a brief explanation of Bitcoin.

Bitcoin is a decentralised digital currency that its developer described as an anonymous, peer-to-peer, electronic payments system. In many ways it functions much like a physical currency such as the US Dollar or the Chinese Yuan. However, there are some important differences between a physical currency and digital currencies like Bitcoin.  Continue reading

Why Data Caps Are Bad

In New Zealand, we have monthly data caps on the broadband connections available to consumers. The data caps are as low as 3 gigabytes per month, and the current maximum data cap available is 500 gigabytes per month (though it’s quite expensive). A monthly data cap is where there is a limit on how much information you can transfer, both upload and download, in a month. This limits the amount of time that the end user can spend on the internet, which could be used for other things.  Continue reading