12 Apr '13, 8am

Bitcoin

Bitcoin

BITCOIN, the world’s “first decentralised digital currency”, was launched in 2009 by a mysterious person (or persons) known only by the pseudonym Satoshi Nakamoto. It has been in the news this week as the value of an individual Bitcoin, which was just $20 at the beginning of February, hit record highs above $250, before falling abruptly to below $150 on April 11th. What exactly is Bitcoin, and how does it work? Unlike traditional currencies, which are issued by central banks, Bitcoin has no central monetary authority. Instead it is underpinned by a peer-to-peer computer network made up of its users’ machines, akin to the networks that underpin BitTorrent, a file-sharing system, and Skype, an audio, video and chat service. Bitcoins are mathematically generated as the computers in this network execute difficult number-crunching tasks , a procedure known as Bitcoin “mining”. ...

Full article: http://www.economist.com/blogs/economist-explains/2013/04...

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The Economist explains: How does Bitcoin work? | The Economist

The Economist explains: How does Bitcoin work? ...

economist.com 12 Apr '13, 9am

BITCOIN, the world’s “first decentralised digital currency”, was launched in 2009 by a mysterious person (or persons) know...

What exactly is #Bitcoin, and how does it work?

What exactly is #Bitcoin, and how does it work?

economist.com 12 Apr '13, 5pm

BITCOIN, the world’s “first decentralised digital currency”, was launched in 2009 by a mysterious person (or persons) know...

Bitcoin Is Tanking Again

businessinsider.com 11 Apr '13, 9am

The volatility in the land of Bitcoin continues. Yesterday was a wild day, as prices climbed to over $260 at one point, be...

Krugman

Krugman

nytimes.com 15 Apr '13, 2am

The economic significance of this roller coaster was basically nil. But the furor over bitcoin was a useful lesson in the ...

Bitcoin Starts to Tank Again after Top Bitcoin ...

thenextweb.com 11 Apr '13, 10pm

Here we go again. Following yesterday’s Bitcoin crash , the top exchange for the digital currency Mt. Gox decided to tempo...

BitCoin Halted?

zerohedge.com 11 Apr '13, 3pm

On a cold Friday afternoon, I had come home from school. I had been thinking of the bitcoins all day. I was hungry, didn't...

Bitcoin

Bitcoin

businessinsider.com 10 Apr '13, 6pm

It's shaping up to be a pretty ugly day for Bitcoin. After soaring past $250 earlier , it's tumbled all the way down to cu...

Following Mt. Gox trading halt, Bitcoin collaps...

thenextweb.com 11 Apr '13, 10pm

Here we go again. Following yesterday’s Bitcoin crash , the top exchange for the digital currency Mt. Gox decided to tempo...

Four Reasons Bitcoin Is Worth Studying

forbes.com 07 Apr '13, 1pm

As Adam Ozimek points out Bitcoin has so far largely been greeted with eye-rolling by professional economists. One reason ...

Don't understand Bitcoin? This video explains i...

venturebeat.com 10 Apr '13, 3pm

The virtual currency Bitcoin is hot. In the past week, the price of a single Bitcoin has more than doubled and currently s...

Unfazed By Bitcoin's Wild Swings And Mysterious Origins, Silicon Valley VCs Place Their Bets

Unfazed By Bitcoin's Wild Swings And Mysterious...

techcrunch.com 11 Apr '13, 9pm

Bitcoin’s record highs and the ensuring surge in hacking attempts and thefts may be grabbing headlines . However, beneath ...

Bitcoin Is A Disruptive Technology

forbes.com 10 Apr '13, 3am

A financial network is a technological platform that people build businesses on top of. And the traditional banking and cr...

investors

investors

arstechnica.com 12 Apr '13, 12am

With trading set to resume on Mt. Gox in just a few hours, no one knows what will happen. Zach Copley Bitcoin’s biggest as...