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On August 1st, 2017, a new digital currency called Bitcoin Cash was created. Unlike some other digital currencies that started from the ground up, Bitcoin Cash was created by splitting off, otherwise known as forking, the Bitcoin blockchain. In this post, I will be tackling various topics including Bitcoin’s scalability issue, what a blockchain "fork" is, and what led to Bitcoin Cash being created. Although the intended audience for this post is anybody and everybody who has an interest in digital currencies, if you are not already familiar with blockchain technology, please read this post first and then rejoin us! Now, let’s get this show on the road! Bitcoin’s Scalability Issue Image Source For most bitcoin owners and supporters, the end goal is global domination… I mean… adoption. Generally speaking, a currency’s value increases as the number of people who accept it as a form of payment increases. Bitcoin is no different. However, Bitcoin is different in th...

A Tale of Debt-Driven Growth Overview: On Wed 28 th , 2017, China’s debt surpassed 300% of GDP. Though this figure remains lower than Japan’s, some analysts are concerned that the increase in debt could lead to a potential financial crisis. (MarFarlane, 2017) Growing Concerns: Chinese corporations currently operate with a high amount of leverage, which is the core of the country’s debt problems. In total, 67% of the national debt is owned by publicly traded companies and more importantly, about two-thirds of corporate debt is owned by state-owned enterprises, many of which are, on the surface, unprofitable. To some, debt default appears eminent, but closer examination reveals that the state-owned corporate debt is backed by domestic deposits, which are owned by the Chinese government. Hence, if these state-owned corporations default on their debt, the government could intervene and forgive the debt at anytime.   Though the government may lose capital by doin...