06 Aug '12, 9am

#Bitcoin rallies to $US12 - WTF is Bitcoin? A central banker's worst nightmare via @raincoaster

The network must store the whole transaction history inside the block chain, which grows constantly as new records are added and never removed. Nakamoto conceived that as the database became larger, users would desire applications for Bitcoin that didn't store the entire database on their computer. To enable this, the system uses a Merkle tree to organize the transaction records in such a way that a future Bitcoin client can locally delete portions of its own database it knows it will never need, such as earlier transaction records of bitcoins that have changed ownership multiple times, while keeping the cryptographic integrity of the remaining database intact. Some users will only need the portion of the block chain that pertains to the coins they own or might receive in the future. At the present time however, all users of the Bitcoin software receive the entire database...

Full article: http://en.wikipedia.org/wiki/Bitcoin

Tweets

Bitcoin 2012

libertarianhome.co.uk 08 Aug '12, 1pm

One further detail courtesy of Frank Braun. The 2012 Bitcoin conference is coming to London, the world’s premier finance h...

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en.wikipedia.org 11 Aug '12, 6pm

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accounts.google.com 08 Aug '12, 6am

Ihr Browser unterstützt nicht alle Funktionen von Google Docs. Google Chrome testen Schließen

Bitcoin Update

avc.com 09 Aug '12, 4am

I wrote a post about Bitcoin last November wondering if it was over or if we were just in a down phase in the hype cycle (...

#Bitcoin reaches new 2012 high at 12 $ today. U...

bitcoinbullbear.com 09 Aug '12, 10pm

The predictive value of the Bitcoin Bull Bear Index is compelling. In April 2011, the BBBI exceeded 50 for the first time ...

Top 10 Bitcoin Statistics

http://www.forbes.com/sites/jonmatonis/2012/07/31/top-10-bitcoin-statistics/ The concept of a decentralized cryptocurrency...

World's First Bitcoin Lawsuit - Cartmell v. Bit...

reddit.com 08 Aug '12, 6am

Filed August 6th in the Superior Court of California, County of San Francisco: http://webaccess.sftc.org/Scripts/Magic94/m...

I didn't realize that south Korea is so totalit...

en.m.wikipedia.org 29 Jul '12, 2am

is a world leader in Internet and broadband penetration, but its citizens do not have access to free and unfiltered Intern...

Ebay en version #Bitcoin

bitmit.net 10 Aug '12, 2pm

Support your local Bitmit version

June 2012: Apple Is Afraid Of Bitcoin?

June 2012: Apple Is Afraid Of Bitcoin?

forbes.com 06 Aug '12, 1am

the extraordinary Blockchain Wallet product in Forbes only to see the app abruptly removed from the store in less than two...

Fantastic Bitcoin interview on Free Talk Live #...

youtube.com 05 Aug '12, 2am

1. A very hard mathematical problem is made public in a network of computers. First computer to break the problem gets 50 ...

What is Bitcoin? - We Use Coins via @sharethis

weusecoins.com 04 Aug '12, 12pm

Secure Strong cryptography Bitcoin verifies transactions with the same state-of-the-art encryption that is used in militar...

seen elsewhere: How a Bitcoin transaction works...

libertarianhome.co.uk 07 Aug '12, 2pm

seen elsewhere: Bitcoin: The Cryptoanarchists’ Answer to Cash sttsp.pl/7wjh #tlot posted 12 hours ago seen elsewhere: How ...

What if you could send $ worldwide with only 1 ...

youtube.com 11 Aug '12, 2am

More information on http://www.weusecoins.com This video is a short animated introduction to Bitcoin, made possible with d...