11 Jul '13, 3pm

A genuine explanation of Bitcoin. No more metaphorical gloss.

No matter what they tell you, Bitcoin is not like normal currency. Most of us have a good understanding of how government currency works. Money is a physical quantity printed by the government in mints and stored in banks. I can withdraw money at ATMs or branches, and physically give it to other people. When you hold money in your hand you own it. In order to make good decisions about bitcoin, we have to understand as much about how it operates as we do government currency. So then, what is a bitcoin? Where are they stored? What does it practically mean to say “I own a bitcoin”? When I send bitcoins to someone else, what happens? We’re about to answer all of these questions in a way that’s easy to understand, but doesn’t brush off complex concepts or use analogies that hide deeper truth. What is Bitcoin? Bitcoin is a software system that operates over the internet. A close...

Full article: http://blog.tinkercoin.com/2013/07/what-is-a-bitcoin/

Tweets

Instant Bitcoin Purchases at Coinbase (The Coin...

techmeme.com 12 Jul '13, 12am

Instant Bitcoin Purchases at Coinbase — You know what's really satisfying? Being able to buy Bitcoin without a lot of hass...

#bitcoin

#bitcoin

coindesk.com 11 Jul '13, 10am

Two football teams in the south-west English town of Chard have chosen bitcoin as their preferred funding method as they r...

Instant Bitcoin Purchases at Coinbase

blog.coinbase.com 11 Jul '13, 9pm

Instant Bitcoin Purchases at Coinbase You know what’s really satisfying? Being able to buy Bitcoin without a lot of hassle...

Bitcoin developer Jeff Garzik on Satoshi Nakamo...

coindesk.com 09 Jul '13, 2pm

Jeff Garzik could be considered one of the guardians of bitcoin. When we caught up with him, he had just finished working ...

The (a)political economy of Bitcoin

blog.p2pfoundation.net 11 Jul '13, 11am

A short essay (co-authored with Michel Bauwens) which serves as a point of departure for a P2P Lab ‘s oncoming research pr...

In Depth: Getting Bitcoin into the Hands of China’s Average Zhou

In Depth: Getting Bitcoin into the Hands of Chi...

techinasia.com 12 Jul '13, 2am

China is the second-biggest and fastest growing Bitcoin market in the world, second only to the United States. This is a r...

Fighting the good fight with bitcoin

Fighting the good fight with bitcoin

coindesk.com 05 Jul '13, 3pm

Welcome to the CoinDesk Weekly Review 5th July 2013 — a regular look at the hottest, most controversial and thought-provok...

Is #bitcoin money? Here's your answer:

maxkeiser.com 12 Jul '13, 9pm

Stacy Summary : What a remarkable image. Of course, this taxi driver will inevitably pick up an Anglo-American shrieker wh...

Firmcoin: The reprogrammable physical bitcoin t...

coindesk.com 08 Jul '13, 6pm

We recently reported on the announcement of Firmcoin , a reprogrammable physical bitcoin token. This can be thought of as ...

Is This the Future of Bitcoin? | The Exchange -...

finance.yahoo.com 12 Jul '13, 8pm

When it comes to Bitcoin, the fast-growing “digital currency,” there are good ideas, bad ideas and pie-in-the-sky ideas ga...

What everyone should know about bitcoin - Technology Zimbabwe #bitcoin

What everyone should know about bitcoin - Techn...

techzim.co.zw 15 Jul '13, 6am

Your wallet can be hacked (https://en.bitcoin.it/wiki/Weaknesses ) They can drop in value after you buy them. This year al...

Kipochi brings Bitcoin to Africa through M-Pesa

Kipochi brings Bitcoin to Africa through M-Pesa

memeburn.com 08 Jul '13, 11am

Kipochi just launched its Bitcoin transfer service in Kenya using M-Pesa as its running platform. This service would allow...

The curious case of Bitcoin - #bitcoin

The curious case of Bitcoin - #bitcoin

arabiangazette.com 07 Jul '13, 3am

Bitcoin seeks to become the de-facto world currency for online purchasing. Arabian Gazette’s Zain Naeem looks into the Bit...

On Friday, I was interviewed by @GamerAndy for ...

soundcloud.com 13 Jul '13, 1am

I sat down with Jon Matonis, the new Executive Director of the Bitcoin Foundation to talk about the vision, means and meth...