CategoryLearn about Bitcoin

Bitcoin Foundation Launches Public Education Campaign on Bitcoin

blockchain education

Elections for current seats on the Bitcoin foundation are underway yet business for the foundation is ongoing. Recently the Foundation along with many prominent Bitcoin companies have gotten together to further education on Bitcoin by engaging theAudience - one of the world’s largest multi-channel publishers of social and digital content.  Bitcoin is more than just a currency it is a whole...

Bitcoin Trading - Profit From a Falling Bitcoin Price

Trader

Bitcoin price has been declining for a year to the consternation of those who want Bitcoin's price to appreciate, so they can cash out some of their Bitcoin holdings at higher prices for a profit. Many Bitcoin holders may be surprised to learn that it is possible to make equal profits, during times of falling Bitcoin prices, as when the price is rising. Investing in Bitcoin vs. Bitcoin Trading...

Taking the Block Chain Out of Bitcoin in 2015

Taking the block chain out of Bitcoin and applying it to concepts beyond currency will be a key part of 2015. Their trustless, decentralized nature and future smart contracts provide more than just currency. Today, block chains are the data structure core to decentralized cryptocurrencies. Block chains are bubbles of market-driven nascent economies and platforms of permissionless innovation...

Are Bitcoin Zero Confirmation Transactions Safe?

Mysterious maze

Transactions are committed to the block chain about every 10 minutes. Zero confirmation transactions do not reside in a block yet. Instead, they reside in the memory pool of miners. Until a block is mined that includes the transaction, it is said to have 'zero confirmations.' Once included in a block and written to the block chain the transaction has one confirmation. Confirmation time is a...

How Proof-of-Work... Works

A Proof-of-Work system requires its users to perform some form of work to participate. The work must be difficult for the client but easy for the server/network to verify. For example, an email system that implements proof-of-work might require each sender’s computer perform 1-2 seconds of work before sending an email. Deployed this way helps prevent spam. With Bitcoin, the POW also determines...

A Day in NYU's Course on Cryptocurrencies

Last week, I got the chance to sit in on New York University's  (NYU) class on cryptocurrencies. The course, led by finance professor David Yermack and law professor Geoffrey Miller, is offered jointly by both the Stern School of Business and the NYU School of Law. As one of the only cryptocurrency courses offered in the world, these students could shape the future political and financial...

Vlogger Tells Minorities: Get Into Bitcoin or be "Left Behind"

Young African American Couple

"If you've never heard of this shit, get your ass on Facebook, Twitter, Instagram right now and go search that shit," says video blogger Famos Amos in an episode released December 7th, a cloud of pot smoke flowing from his joint. His aim in the video is to enlighten fellow minorities about the future of money as he sees it, which is Bitcoin. Also read: Nigerian Billionaire Commits $100 Million to...

Australian Senators: Goodbye, Dollar. Hello, Bitcoin!

Australia may be the most intense hotbed of Bitcoin activity on Earth. Followers of this website have seen this country run the gamut on Bitcoin acceptance and public consumption. Some Australian cities are ready to run with Bitcoin as their primary, as our article on Tasmania's Launceston revealed. As I reported just days ago, Australia is ready to access fiat currency-based Good and Services...

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