01 Oct '12, 3am

Bitcoin and some interesting facts: Still having doubts about Bitcoins and Bitcoin mining? I’ve been reading a l...

Still having doubts about Bitcoins and Bitcoin mining? I’ve been reading a little about Bitcoin lately. I installed the software, acquired some BTC (currency) by donation, and have tried mining. I think it’s an interesting project. Here are some facts about Bitcoin that caught my attention: 1. Bitcoin is available as free software and can run on GNU/Linux, a free software operating system. Therefore, publicly auditable source is available for a computer running Bitcoin and the software stack it runs on. 2. Bitcoin implements a peer-to-peer (p2p) architecture. It’s not easy for companies or governments to forcibly shut it down. 3. Though Bitcoin software is hard to shut down, governments and companies can choose to shun the BTC currency. For instance, Coinpal, a service to buy/sell BTC using Paypal was suspended. Apparently, Paypal accepted Coinpal for months and then put C...

Full article: http://bitcoinmalaysia.com/2012/10/01/bitcoin-and-some-in...

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