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Author Topic: 2013-04-15 Bloomberg.com - Explaining bitcoin without buzzwords  (Read 654 times)
kiko
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April 18, 2013, 06:24:48 PM
 #1

http://go.bloomberg.com/tech-deals/2013-04-15-explaining-bitcoin-without-buzzwords/

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Techies are trumpeting a so-called virtual currency called Bitcoin that they say could revolutionize global trade. Financial wonks are shouting from various corners of Wall Street about the regulatory pitfalls and the volatility, highlighted by a tumble in valuation that brought Bitcoin to the world’s attention.
Meanwhile, many of us don’t understand what a Bitcoin is, despite all the coverage. Bloomberg.com attempts to answer your questions, and we promise not to use the term “virtual currency” again here.
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April 18, 2013, 06:40:06 PM
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This should help:



By the way I wonder when a "Bitcoin for dummies" book will be published.
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April 18, 2013, 08:15:16 PM
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Yet another article gets the process of mining wrong.  Undecided

The opposite of libertarian is authoritarian | Use PGP encryption: 0x48DD8AAB | Places Accepting Bitcoin on an OpenStreetMap
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