12 Apr '13, 5pm

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

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

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...

Bitcoin

Bitcoin

economist.com 12 Apr '13, 8am

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

Now is the time to gamble on bitcoin

Now is the time to gamble on bitcoin

QZ.com 12 Apr '13, 7pm

If you’ve got money you can afford to lose and a penchant for gambling, there’s no better time than now to plow that cash ...

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...

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...

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...

I Tried Hacking Bitcoin And I Failed

businessinsider.com 12 Apr '13, 2pm

But the power of the masses is only shrinking. BitCoin made a technical choice during its initial design that allowed some...

Bitcoin's Volatility Is A Disadvantage, But Not...

forbes.com 12 Apr '13, 8pm

Yesterday I promised to address the issues raised by Bitcoin’s volatility. Bitcoin’s critics are absolutely right that sta...

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...

This Video Explains Everything You Need to Know...

gizmodo.com 10 Apr '13, 2am

What is a bitcoin? Like exactly? It's digital currency and it's been around for a while now so what's all the fuss these d...

This Video Explains Everything You Need to Know...

gizmodo.com 10 Apr '13, 2am

What is a bitcoin? Like exactly? It's digital currency and it's been around for a while now so what's all the fuss these d...

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 ...

The Man Who Gave His Life To Bitcoin

buzzfeed.com 09 Apr '13, 10pm

Erik Vorhees is what you might call a true Bitcoin believer: he is almost entirely invested in the currency, works at a Bi...

Panic selling forces Bitcoin crash

bbc.co.uk 11 Apr '13, 10am

11 April 2013 Last updated at 10:43 GMT Share this page Delicious Digg Facebook reddit StumbleUpon Twitter Email Print Bit...