15 Aug '12, 6am

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

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blog.bodhi49.com 15 Aug '12, 5am

Which leads me to my initial question. What would I use bitcoin for? Certainly not as a storage of wealth (for that we hav...

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Sign Up For a Free Bitcoin Wallet

Sign Up For a Free Bitcoin Wallet

Blockchain.info 15 Aug '12, 6pm

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About We are interested in feedback! Email [email protected] any questions or comments you might have. Donations are ...

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theverge.com 15 Aug '12, 6pm

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terranova.blogs.com 14 Aug '12, 2pm

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c4ss.org 14 Aug '12, 10pm

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spectrum.ieee.org 14 Aug '12, 7pm

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weusecoins.com 25 Aug '12, 3pm

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youtube.com 11 Aug '12, 2am

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finextra.com 13 Aug '12, 11am

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finextra.com 13 Aug '12, 11am

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techweekeurope.co.uk 13 Aug '12, 3pm

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