News & Updates

Craigslist Sellers Can Now Request Cryptocurrency Payments

Nikhilesh De

Online classifieds marketplace Craigslist has added a feature that lets users specify that they accept cryptocurrency payments.

While the site’s users have been able to point out in the text of their posts that they may take bitcoin or another cryptocurrency, the website now allows users to more directly advertise by selecting a check-off box for “cryptocurrency ok.”

What is Cryptocurrency?

A cryptocurrency is a medium of exchange like normal currencies such as USD, but designed for the purpose of exchanging digital information through a process made possible by certain principles of cryptography. Cryptography is used to secure the transactions and to control the creation of new coins. The first cryptocurrency to be created was Bitcoin back in 2009. Today there are hundreds of other cryptocurrencies, often referred to as Altcoins.

How Much Is Bitcoin Really Worth?

Rob Berger , Contributor

I write about building wealth and achieving financial freedom.
Opinions expressed by Forbes Contributors are their own.

I’m sitting at my kitchen table at 6:31 p.m. ET on Friday, December 1, 2017. The price of Bitcoin is $10,790.58.

It’s here that I’m reminded of something Warren Buffett’s often said. Price is what you pay, value is what you get.

So what value does a Bitcoin buyer get in exchange for $10,790.58 of his or her hard earned U.S. dollars? That’s what I’m going to attempt to answer in this article.

Before we can attempt to value Bitcoin, we first must agree on what it is. That turns out not to be so easy.