If Bitcoin is confusing to you, that is normal. Bitcoin is best explained by this list of analogies. Read carefully:

Bitcoin: The Simplest Non-technical Explanation - Zorinaq

If Bitcoin is confusing to you, that is normal. Bitcoin is best explained by this list of analogies. Read carefully:

How can Bitcoin offer all the above security guarantees? The entire system is secured by a novel and clever use of cryptographic algorithms. It was so difficult to get right that it had to be designed completely openly. So it was made open source, available for free for anybody to use. Its openness has allowed peer-review of its source code and has attracted a lot of attention from some world-class cryptographers and computer scientists (Jeff Garzik, Dan Kaminsky, Jacob Applebaum, etc). As experts, they are used to find weaknesses in applications, but to their suprise they found Bitcoin well designed, offering the guarantees it claims . If you are enclined to read technical documents, read the Bitcoin design paper , this LWN introductory article , or my first post on Bitcoin . How are the coins created? With gold, miners have to perform a lot of work to discover gold depos...

Full article: http://blog.zorinaq.com/?e=66

Tweets

@annabrodskaya1 » 22 Aug '12, 6pm
RT @PynchonInPublic: MT @BitCoinReporter Bitcoin: The Simplest Non-technical Explanation - Zorinaq [link] #bitcoin
@PynchonInPublic » 22 Aug '12, 5pm
MT @BitCoinReporter Bitcoin: The Simplest Non-technical Explanation - Zorinaq [link] #bitcoin
@opensussex » 15 Aug '12, 10am
RT @Beautyon_: If Bitcoin is confusing to you, that is normal. Bitcoin is best explained by this list of analogies. Read carefully: [link]
@Beautyon_ » 15 Aug '12, 10am
If Bitcoin is confusing to you, that is normal. Bitcoin is best explained by this list of analogies. Read carefully: [link]
@aoi_cap » 15 Aug '12, 6am
“@BitCoinReporter: Bitcoin: The Simplest Non-technical Explanation - Zorinaq [link] #bitcoin”
@BitCoinReporter » 15 Aug '12, 6am
Bitcoin: The Simplest Non-technical Explanation - Zorinaq [link] #bitcoin
@paesean » 28 Aug '12, 12pm
#Bitcoin: The Simplest Non-technical Explanation - Zorinaq [link]
@bitcoin_ita » 15 Aug '12, 1pm
Bitcoin: The Simplest Non-technical Explanation [link] [link] #bitcoin
@timhuzar » 15 Aug '12, 1pm
RT @Beautyon_: If Bitcoin is confusing to you, that is normal. Bitcoin is best explained by this list of analogies. Read carefully: [link]
@brombeermeister » 15 Aug '12, 1pm
RT @Beautyon_: If Bitcoin is confusing to you, that is normal. Bitcoin is best explained by this list of analogies. Read carefully: [link]
@Alisteratwork » 15 Aug '12, 11am
RT @Beautyon_: If Bitcoin is confusing to you, that is normal. Bitcoin is best explained by this list of analogies. Read carefully: [link]

Bitcoin: The Simplest Non-technical Explanation - Zorinaq

If Bitcoin is confusing to you, that is normal. Bitcoin is best explained by this list of analogies. Read carefully:

Tweets

What would I use bitcoin for?

Bitcoin-using Autonomous Agents

Adrianne Jeffries - The Bernie Madoffs of Bitco...

Sign Up For a Free Bitcoin Wallet

Bitcoin now over 13 usd

The Bernie Madoffs of Bitcoin? As virtual tradi...

Bitcoin Sued

Bitcoin, the Darknet Economy, and the Low Over-...

First Bitcoin Lawsuit Filed In San Francisco

READ UP ABOUT BITCOIN

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

Users sue Bitcoin exchange over $460k in missin...

Users sue Bitcoin exchange over $460k in missin...

Who pirate really is, and how to find him. #bit...

BitCoin Exchange Sued For Fraud