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Author Topic: 2013-01-31 Ten Things You Need to Know about Bitcoin  (Read 907 times)
Piper67
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February 01, 2013, 12:38:42 AM
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http://www.hongkiat.com/blog/bitcoin-questions/

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February 01, 2013, 01:03:36 AM
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Some even suggested that his name was just a mashup of popular Japanese companies — SAmsung TOSHIba NAKAmichi MOTOrola.

Lol, when did Samsung decide to migrate from Korea to Japan?!
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February 01, 2013, 01:13:36 AM
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6. Fairly skewed answer. Wallets do not contain bitcoins. The wallet contains a private key which authenticates that user with the public transaction list that associates the bitcoins to the owner of the public address that corresponds to the private key. A more technical answer, yes, but the truth is bitcoins do not exist outside of the blockchain. This point is highly relevant to the fundamentals of bitcoin and explains ownership.

8. I have to say, to the unitiated and to those who wish to compare bitcoin to say, the USD, this answer is a complete falsehood. Getting bitcoins is not "really easy". It's a bitch for the newcomer as well maybe it should be, just like we don't give 5 year olds wallets full of cash.
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February 01, 2013, 04:42:19 PM
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Some even suggested that his name was just a mashup of popular Japanese companies — SAmsung TOSHIba NAKAmichi MOTOrola.

Lol, when did Samsung decide to migrate from Korea to Japan?!


Heh. That's one thing. Motorola is from... Illinois.
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February 01, 2013, 05:54:33 PM
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It looks like a 2011 article, imprecise, focus on the wrong things, too much focus on mining...
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