Exploratory Writing on bitcoin
Jcotto1990
sourcesandotherinfo.docxExplain this when you write
Why you pick source
Where you went after picking source
Talk about your learning when reading and doing the research
Nerdy Money: Bitcoin, the Private Digital Currency, and the Case against its Regulation
Virtually Possible: How to Strengthen Bitcoin Regulation within the Current Regulatory Framework Comment
Bitcoin Financial Regulation: Securities, Derivatives, Prediction Markets, and Gambling
Bitcoin: a regulatory nightmare to a libertarian dream
Rethinking Virtual Currency Regulation in the Bitcoin Age
http://heinonline.org/HOL/Page?handle=hein.journals/washlr90&div=8&g_sent=1&casa_token=&collection=journals
Timeline:
- Find the rest of your sources/ Draft your introduction by Oct. 11
- Draft the first three body paragrphs (on the sources you used for you research proposal) by Oct .17
- Draft the fourth body paragraph by Oct. 19
- Draft the fifth and sixth paragraphs by Oct. 23
- Draft the 7th body paragraph by Oct. 25
- Draft the 8th body paragrph and conclusion by Oct. 30
- Final draft due October 31 @ 10 pm.
Paragraph #4 was submitted but can be changed:
One of our articles titled “ Nerdy money: Bitcoin, The private digital currency and the case against its regulation” by Nikolei M. Kaplanov explores things from a different perspective to most. Nikolei Sees bitcoin as a community currency a method of buying and selling goods between friends and believes there is a strong case as to why it should not be regulated. This article was written back in 2012 when bitcoin prices were closer to 8 cents as opposed to its currency valuation of 5,400$ and 92 Billion in market cap. Lets just say that if Mr Kaplanov would have bought 100$ worth of bitcoin he could probably retire today in his own private Yacht with about 6.7 million dollars. We have found multiple articles written before 2016 that keep describing bitcoin as a trend or a phase that will soon be forgotten, and it is because of this line of thought that bitcoin has made it this far without receiving unwanted attention. The latter example describes why we need regulation and in our option shows this is growing at an accelerated rate. Just this year the coin is up more than 5,000% with an opening price of 800$ in January 2017. While the original idea of bitcoin was a free coin without ties to government or any sort of regulations, growth in the past years has created a need to implement structure in order to keep it sustainable. Regulations will be made whether the community wants them or not and based on our research so far we believe it is a far better strategy to embrace the change and help shape regulations than to keep avoiding them and just have them imposed. While the fundamental view on bitcoin given by this article was clearly flawed it is very interesting to see how Digital currency has evolved from a hobby to a major contender in todays market.
