01 Aug '13, 4pm

How Bitcoin Works

How Bitcoin Works

Bitcoin uses P2P technology without a central authority: Bitcoin is a decentralized currency managed by peer-to-peer technology (P2P2), without a central authority. All functions such as Bitcoin issuance, transaction processing and verification are carried out collectively by the network, without a central supervisor or agency to oversee operations. In contrast, a conventional currency is issued by a central bank as part of its mandate to manage national monetary policy. In the U.S., only the Federal Reserve has the power to issue dollars; it is also the central authority that conducts monetary policy, supervises banks, maintains financial system stability, and provides financial services to depository institutions. Bitcoin is primarily digital: Although physical Bitcoins are available from companies such as Casascius and BitBills, Bitcoin has been designed primarily to be...

Full article: http://www.forbes.com/sites/investopedia/2013/08/01/how-b...

Tweets

Trust hacking: How the Bitcoin system works

Trust hacking: How the Bitcoin system works

hackaday.com 31 Jul '13, 1pm

I guess I’m just dense. I can understand the mathematical foundations of Bitcoin, but I still can’t how money gets transfe...

How Bitcoin Works - Investopedia #bitcoin

investopedia.com 29 Jul '13, 4pm

BitChamp creates a new Bitcoin address and directs you to send your payment to it. This creates a private key (known only ...

Know about Bitcoin: Know about Bitcoin – By this day you hold frequent heard of Bitcoin, but pledge you defin...

Know about Bitcoin: Know about Bitcoin – By thi...

twinqu.com 01 Aug '13, 8pm

The Winklevosses would make Bitcoin investing easier by allowing smaller – scale investors to profit, or elude, as the sit...

Bitcoin and the Rise of a Digital Counterculture

Bitcoin and the Rise of a Digital Counterculture

blogs.wsj.com 31 Jul '13, 7pm

You say you want a revolution? Several hundred entrepreneurs, dreamers, technophiles, and the simply curious gathered Tues...

Khan Academy now accepts Bitcoin via Coinbase

Khan Academy now accepts Bitcoin via Coinbase

blog.coinbase.com 02 Aug '13, 2am

Khan Academy now accepts bitcoin donations! (using Coinbase) Exciting news! You can now donate bitcoins to Khan Academy (u...

3 Bitcoin Alternatives Tested & Compared: Litecoin, Feathercoin, And Terracoin

3 Bitcoin Alternatives Tested & Compared: Litec...

makeuseof.com 02 Aug '13, 7pm

For those of you not familiar with the mining process, here’s a simple explanation of how it works: All cryptographic coin...

Thailand's Central Bank Outlaws Bitcoin, Though...

reason.com 31 Jul '13, 9pm

Reason There's some uncertaintly about how official this new ban actually is, but the Bank of Thailand has reportedly outl...

Has #Bitcoin really been banned in #Thailand? @...

asiancorrespondent.com 31 Jul '13, 2am

Trading suspended due to Bank of Thailand advisement July 29, 2013 The purpose of the following statement is designed only...

Is Bitcoin Really Illegal in Thailand?

Is Bitcoin Really Illegal in Thailand?

mashable.com 01 Aug '13, 4pm

Earlier this week, Thailand's national bank ruled Bitcoin illegal . The news came as a shock to many who use the virtual c...

Is Bitcoin Really Illegal in Thailand?

techinasia.com 01 Aug '13, 3am

On July 30th, there was news that Thailand’s national bank had ruled Bitcoin illegal . Of course, this came in as a shock ...

Bitcoin ruled illegal in Thailand

bitcoin.co.th 29 Jul '13, 12pm

Trading suspended due to Bank of Thailand advisement July 29, 2013 During the past several months Bitcoin Co. Ltd., in Tha...

Thailand becomes the first country to reject Bitcoin

Thailand becomes the first country to reject Bi...

rt.com 30 Jul '13, 8am

Thailand becomes the first country to reject Bitcoin Published time: July 30, 2013 08:47 Get short URL Tags Currencies , G...

#Bitcoin just became illegal in Thailand: #btc

#Bitcoin just became illegal in Thailand: #btc

dailydot.com 29 Jul '13, 5pm

In a country where Bitcoin is illegal, only criminals will use Bitcoin. The world’s most popular peer-to-peer electronic c...