04 Apr '13, 11pm

Bitcoin

Bitcoin

Bitcoin is the first digital currency to solve the double-spending problem without needing a trusted third party. It does so by keeping a single public record of the ownership and exchange of bitcoins by everyone in the system. To the extent that bitcoins “exist,” they exist as electronic records of their history. Every time a bitcoin is exchanged, a digital signature is added to it. You can imagine the signature as someone marking the coin to indicate the transaction. Every 8 minutes or so, the public record consisting of the electronic history of every bitcoin is sent to a dispersed network of verifiers that must agree that the public leger is correct. In exchange for doing this work, the verifiers are rewarded with new bitcoins, which is how the supply of bitcoins is introduced into the world.

Full article: http://blog.priceonomics.com/post/47135650437/are-bitcoin...

Tweets

Sorry, Libertarians, History Shows Bitcoin Isn'...

bloomberg.com 04 Apr '13, 3pm

As we consider the digital-currency phenomenon that is Bitcoin, bear in mind that there are, broadly speaking, two account...

Four Reason You Shouldn't Buy Bitcoins: Discuss...

forbes.com 03 Apr '13, 4am

Discussion of Bitcoin is divided into two camps. People who understand the currency well tend to be enthusiastic boosters....

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venturebeat.com 05 Apr '13, 5pm

On top of news that Bitcoin digital wallets were causing security headaches for customers, a new piece of malware spread t...

The Bitcoin Boom via @NewYorker

newyorker.com 02 Apr '13, 2pm

In this way, bitcoins are mined like gold used to be, in quantities that are small relative to the total supply, so that t...

Geeks Love The Bitcoin Phenomenon Like They Lov...

businessinsider.com 05 Apr '13, 9pm

Flickr / zcopley Ken Tindell Ken Tindell is the CEO of JK Energy, a software consultancy startup. He has a doctorate in re...

No, Bitcoins Aren't In Danger From "Hyperdeflat...

forbes.com 01 Apr '13, 3pm

My friend Joe Weisenthal argues that Bitcoin is “now in a terrible state of hyperdeflation,” with the currency’s value ris...

Yes, you should care about Bitcoin, and here's why

Yes, you should care about Bitcoin, and here's why

gigaom.com 04 Apr '13, 1pm

Everybody’s talking about Bitcoin these days, which is quite remarkable given the highly technical nature of the crypto-cu...

The Bitcoin Bubble and the Future of Currency

The Bitcoin Bubble and the Future of Currency

medium.com 03 Apr '13, 1pm

Investments that are denominated in a given currency include money-market funds, bonds, mortgages, bank deposits, and othe...

8 Vendors You Didn't Know Accepted Bitcoins

8 Vendors You Didn't Know Accepted Bitcoins

mashable.com 29 Mar '13, 7am

8 Vendors You Didn't Know Accepted Bitcoins 1. WordPress Blogging platform Wordpress.com is free for users, but upgrades w...

I Bought a Bitcoin

I Bought a Bitcoin

nymag.com 03 Apr '13, 5pm

Yesterday, I did something entirely irrational – something both my common sense and my work as a business writer should ha...

Receive FREE BitCoins Every Day | | #BitCoin #F...

netlookup.se 30 Mar '13, 10am

Earn free bitcoins! Just type in your bitcoin address and the captcha below to recive bitcoins. If you want to earn more, ...

@mariabustillos

newyorker.com 02 Apr '13, 2pm

In this way, bitcoins are mined like gold used to be, in quantities that are small relative to the total supply, so that t...

Receive FREE BitCoins Every Day | | #BitCoin #F...

netlookup.se 26 Mar '13, 9am

Earn free bitcoins! Just type in your bitcoin address below, and you will recive bitcoins within 24h. If you want to earn ...

Mining bitcoins on a Nintendo

hackaday.com 25 Mar '13, 11am

His friends know [gbg] as an aficionado of just about anything with a 6502 processor in it. He’s also interested in bitcoi...

Receive FREE BitCoins Every Day | | #BitCoin #F...

netlookup.se 25 Mar '13, 8am

Earn free bitcoins! Just type in your bitcoin address below, and you will recive bitcoins within 24h. If you want to earn ...