Bitcoin tagged posts

Bitcoin History

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Bitcoin has a history shrouded in mystery which is appropriate considering the anonymity it provides. The original concept of Bitcoin came from a figure only known as Satoshi Nakamoto. Supposedly this figure provided much of the original software and technical guidance, then vanished and hasn’t been found since. Wikipedia suggests there is circumstantial evidence linking Satoshi Nakamoto patents with individuals who created the bitcoin.org domain. It is also suggested Satoshi Nakamoto is a famous Japanese mathematician.

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Whatever the answer may be, the first Bitcoins were mined on January 3rd 2009 which released the first ...

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What is Bitcoin?

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About a week ago, the FBI shut down the Silk Road site, which was a hub for nefarious and illegal activity. I had never visited the site which requires the anonymity enhancing TOR browser, but the news article mentioned something that sparked my interest, “millions in Bitcoins seized.” Was that a lot? What is Bitcoin and what are they worth anyway? Then I saw another article that showed a picture of Bitcoins in hard currency form – were Bitcoins minted somewhere? My curiosity was peaked and I’ve spent about a week learning more about this fascinating, experimental, cyber currency.

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I took a few hacks at it, but the best de...

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