It’s the blockchain not the bitcoin

MANY of us have heard of bitcoin. And many must be wondering if it’s the new currency of the future and that it makes a good investment bet, especially in times when other more “normal” currencies are volatile and our own ringgit seems to be depreciating. But then is bitcoin really legal? In many countries, Malaysia included, bitcoins are not accepted as a fiat currency.

Can it be hacked and so you risk losing all your bitcoins? But also basic questions like how do you actually buy bitcoins, where are they stored and what determines its value? And what uses do bitcoin have?