3 months ago

Debtfree Magazine January 2018

SA's Free Debt Counselling & Debt Review Industry Magazine. We discuss Bitcoin, Steinhoff, amending the National Credit Act and more in this issue.


BITCOIN & CRYPTOCURRENCIES WHAT’S THE SNAG? Well, you know how you have been hearing that desalinating water is not too difficult but that it takes a lot of electricity? Something similar happens when every computer has access to the entire ledger and computers have to generate random strings of hash numbers and see if they match the transaction. It is said that one Bitcoin transaction takes 3994 times more energy to process than a credit card transaction.

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