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Bitcoin is an electronic money that has it's own security and limitations about how fast they can be issued. It is decentralized and scarce; these attributes ensure it's value does not get inflated by any central authority. But recent speculation - when it has a limited volume - has seen the price spiking and crashing. What are the basics? What is Bitcoin economically? And how do we make sense of it, or get a feel of it?
To introduce Bitcoin's concept, practice, and discussion.
Dishes - Introduction Chops - Discussion
Atlas Network: #Bitcoin, a digital currency, may seem perplexing to newcomers but it's catching on with the public as a surprisingly versatile payment system. The market value of Bitcoin fluctuates like any commodity, but demand shows no signs of vanishing. Who could be using it? How does it work, and why? We recently caught up with Naomi Brockwell, aka Bitcoin Girl, and she explains the basics in this engaging new video.
The broad and alway-updated intro from Wikipedia.
Bitcoin (sign: ; code: BTC) is a cryptocurrency first described in a 2008 paper by pseudonymous developer Satoshi Nakamoto, who called it a peer-to-peer, electronic cash system. Bitcoin creation and transfer is based on an open source cryptographic protocol and is not managed by any central authority. Each bitcoin is subdivided down to eight decimal places, forming 100 million smaller units called satoshis. Bitcoins can be transferred through a computer or smartphone without an inter
An economic analysis of Bitcoin as money. Despite all the advantages, one drawback seems to be its dependence on one specific, capital-intensive, technology, making it not flexible enough across or outside of the technology platform.
The role of the algorithm is to ensure a declining progression of the overall stock of bitcoins, by
halving the reward every four years.
Desserts References and More
Must know: Price volatility, irreversible payment, non-anonymity, etc ..
If you are about to explore Bitcoin, there are a few things you should know. Bitcoin does not let you send emails or take pictures; it lets you exchange money and value. As such, Bitcoin must be treated with the same care as your regular wallet, or even more in some cases!
Wordpress accepts bitcoin, and the practical nitty gritty.
At WordPress.com, our mission is making publishing democratic -- accessible and easy for anyone, anywhere. And while anyone can start a free blog here, not everyone can access upgrades (like going ...
The chart below is the price change over time. The yellow line is the price [USD / BTC] at which actual trades were made. Green and red areas near the yellow line show you maximum and minimum price. Price is shown on the right axis. Bars in the background represent volume (that is, how many coins were traded during that time) enumerated in [BTC]. The Value for this is shown on the left axis.
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