26 Mar '13, 4am

No that Bitcoin has risen from it's own crash, you better understand it $BITC

I am not an expert. Repeat. I am not an expert. I know enough to be dangerous so pinch the salt and read on. Bitcoin, BTC or $BCOIN on StockTwits is a decentralized value transfer protocol. It is an anarcho-capitalist wet dream with Neal Stephenson as narrator. It is a Ponzi scheme, but so is the USD and financial capitalism. It is used for illicit dealings, but so is the USD and financial capitalism. It is highly speculative and risky, but so is the USD and financial capitalism. It is NOT made out of thin air or backed by the threat of violence. This isn’t like gold or Yen, but there is a tangible, material and real thing of value created by the Bitcoin network. Fundamentally, BTC is a public transaction history wrapped in a hard math problem. Hard in the sense that it cannot be solved with reasonable funds in a meaningful amount of time using technology in the public dom...

Full article: http://amadeusexmachina.com/2013/03/25/bitcoin-or-how-i-l...

Tweets

The Feds Don't Seem to Understand Bitcoin

The Feds Don't Seem to Understand Bitcoin

reason.com 26 Mar '13, 8pm

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finextra.com 25 Mar '13, 3pm

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Bitcoin bubble or new virtual currency?

Bitcoin bubble or new virtual currency?

macrobusiness.com.au 24 Mar '13, 10pm

The increase in value of Bitcoins (market capitalisation of all Bitcoins rose from just over $100m to almost $800m with th...

The Big Book of Bitcoin - An introduction

The Big Book of Bitcoin - An introduction

alvarofeito.com 22 Mar '13, 1pm

you can see how the bookkeeping can get complicated: Every accountant on the planet must check the history, reach a consen...

The Eye of Sauron Has Spotted Bitcoin - Gold Se...

news.goldseek.com 24 Mar '13, 10pm

Coincident with Argentinian peso’s smooth straight line fall against the dollar beginning in 2010, bitcoin became fully op...

Beginner's Guide to Bitcoin

informalprotocol.com 22 Mar '13, 8pm

In the last few years, an interesting alternative to paper currency has risen in the form of Bitcoin. I started paying att...

Bitcoin: The Cyberpunk Cryptocurrency

slideshare.net 29 Mar '13, 7pm

Bitcoin is touted for its many improvements to traditional currency. It is easy to transfer, requires no central authority...

Protect Bitcoin from Politics

Protect Bitcoin from Politics

jacobexmachina.blogspot.com 15 Mar '13, 6pm

If we were to invent money from scratch using all the knowledge available today, we could hardly do better than something ...

Guest Post: A Critique of Patrik Korda's 'Bitco...

Korda seems to think that the question of the Bitcoin price being a bubble is important. I on the other hand consider it c...