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Bitcoin and blockchain have been all over the news recently. From being the currency of choice for HBO hackers to making headlines as a get-rich scheme, it seems they are ubiquitous in today's business and tech discussions.

But how can you invest in it? What is it? Is it stable? Will it last?

What Is Bitcoin And How Do I Get Some?

Bitcoin is a cryptocurrency with no banks or other intermediaries necessary to conduct transactions. It was designed as open-source software in 2009 by an individual or group known simply as Satoshi Nakamoto with the intention to minimize transaction costs and deregulate currency from government control.

The most popular way to buy Bitcoins is through Bitcoin wallets such as Coinbase. However, one doesn’t need a bank account to buy Bitcoin. It is important to note that Bitcoins aren’t printed like dollars or Yen; they are produced by dozens of computers worldwide, using software that solves mathematical problems. The safety and security of this currency reside with a technology called blockchain.

Well Then, What Is Blockchain?

Despite what others might think, blockchain is not a currency in and of itself; it is a technology that is a form of a decentralized database. Using this technology, you can read and write records of digital transactions -- monetary or otherwise.

Rather than having a central administrator like a bank, broker or government, a decentralized database has a network of replicated ledgers that replicate nearly instantaneously online and are available to anyone with access to the network. Like most other types of networks, they can either be private or public.

Most importantly, their record is permanent. Since there isn’t a central record for a hacker to corrupt, hacking methodologies that commonly impact large centralized databases (like a bank would use) would not be able to influence records kept with blockchain. Instead, a hacker would need to identify and hack hundreds, if not thousands, of computers at the exact same time.

Even being able to ID all of the computers is essentially impossible. Blockchain’s decentralized, open, cryptographic nature allows people to trust each other and transact peer to peer. This is significant because it makes the need for intermediaries obsolete since the records are put in time stamp blocks that can't be rewritten.

The security of this technology is unprecedented. Other possible uses (registration required) outside of cryptocurrencies include house deeds, insurance documents and academic transcripts.

Are Blockchain Cryptocurrencies Stable?

First off, what makes a currency stable?

Traditional economic thought asserts that a currency needs five things to be stable:

1) It should be a global reserve currency,

2) its liquidity should be high,

3) it should have a strong demand,

4) its country (issuer) should have a strong economy and

5) it should be linked to gold.

continue reading page 2 of this article  here: https://www.forbes.com/sites/forbestechcouncil/2017/10/04/the-future-of-cryptocurrencies-relies-on-r...

Data Analyst 
San Francisco, CA

Our vision is to bring more innovation, efficiency, and equality of opportunity to the world by creating an open financial system. Our first step on that journey is making digital currency accessible and approachable for everyone. Two principles guide our efforts.

First, be the most trusted company in our domain. Second, create user-focused products that are easier and more delightful to use than any alternative. Those principles guide every decision across the company from design through engineering, from operations through security.

One key ingredient for making informed decisions is reliable and timely access to data and that’s where you come in.  As a data analyst, you will work with all of these teams to provide them with actionable insights, drawn from reliable data.

Our platforms produce data from a variety of sources, which must be aligned both between themselves and with external reference points like public blockchains. You will work on the design and implementation of our data warehouse, which will serve as a single source of truth across Coinbase and make our data easier to access and more consistent.

In this role, you will develop a strong intuition for proper data management, and understand in great detail the working of our products, how they generate data, and how to best present that data to a variety of users.

Career progression can move both towards an advanced business intelligence role, or toward data engineering and data management. Responsibilities:

• Audit and analyze data produced by our various products (Coinbase, GDAX, and Toshi), as well as public blockchains and other external sources.
• Publish clear and accurate data visualizations and reports per user requests.
• Working with lead data analyst, assist in design and implementation of a second-generation enterprise data warehouse based on user requirements
  
  
  

Requirements:

• Exhibit our core cultural values: clear communication, positive energy, continuous learning, and efficient execution.
• Experience in data analysis and database design using SQL
• Strong communication and mentorship skill; a large part of your role will be to offer advice on business decisions and assist users in producing their own analyses.
• Bachelor’s degree in mathematics, physics, economics, engineering or other quantitative disciple. Must have a strong mathematical foundation.
  
  

Preferred:

• Python or other scripting language, especially with regards to numerical analysis and visualization
• Experience with Looker, Tableau or other business intelligence platform.
• Working knowledge of Ruby
  
  
  

 We are an equal opportunity employer and value diversity at our company. We do not discriminate on the basis of race, religion, color, national origin, gender, sexual orientation, age, marital status, veteran status, or disability status.


APPLY HERE