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The Bitcoin Explosion

Posted: October 23rd, 2013 | Author: | Filed under: UPDATED! | Tags: | Comments Off on The Bitcoin Explosion

Bitcoin Explained

Bitcoin has exploded in popularity since it kicked of quietly 4 years ago. A single bitcoin was worth once a few cents online, it’s now pushing on $1,000 per coin, creating millionaires in the process.

There have been many reported cases where people mined thousands of relatively worthless bitcoins as a hobby years ago, only to now realise they are rich :: Read the full article »»»»

Bit What? Bitcoin!

Posted: August 9th, 2011 | Author: | Filed under: Favorite New Thought, Michael Courtenay | Tags: , , , , | Comments Off on Bit What? Bitcoin!

Bit What? Bitcoin!

In early June 2011 the interweb spruked the Bitcoin “Recent weeks have been exciting for a relatively new kind of currency speculator. In just three weeks, the total value of a unique new digital currency called Bitcoin has jumped four times, to over $40 million” and though the currency was created in 2009, the hype didn’t hit until 2011

Bitcoin is not underwritten by a government, but by a clever cryptographic scheme. For now, little can be bought with bitcoins, and the new currency is still a long way from competing with the dollar. But this explainer lays out what Bitcoin is, why it matters, and what needs to happen for it to succeed :: Read the full article »»»»