Category Archives: Bitcoin

Life Inside a Secret Chinese Bitcoin Mine (Trailer)
Watch now on MOTHERBOARD: http://bit.ly/Bitcoin-Mining In October of last year Motherboard gained access to a massive, secretive Bitcoin mine housed within a repurposed factory in the Liaoning...

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Life Inside a Secret Chinese Bitcoin Mine (Trailer) - Video

We Can Build That - Let #39;s Talk Bitcoin Episode 180
https://letstalkbitcoin.com/blog/post/lets-talk-bitcoin-180-we-can-build-that.

By: Let #39;s Talk Bitcoin!

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We Can Build That - Let's Talk Bitcoin Episode 180 - Video

FirstFT Ukraine, Lad Bible, Bitcoin
The FT #39;s Daniel Garrahan provides a 60-second briefing on the day #39;s top headlines, including Merkel and Hollande in Moscow, the rise of the Lad Bible and a big day for the Bitcoin elite. For...

By: Financial Times

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FirstFT Ukraine, Lad Bible, Bitcoin - Video

Find answers to recurring questions and myths about Bitcoin.

Bitcoin is a consensus network that enables a new payment system and a completely digital money. It is the first decentralized peer-to-peer payment network that is powered by its users with no central authority or middlemen. From a user perspective, Bitcoin is pretty much like cash for the Internet. Bitcoin can also be seen as the most prominent triple entry bookkeeping system in existence.

Bitcoin is the first implementation of a concept called "crypto-currency", which was first described in 1998 by Wei Dai on the cypherpunks mailing list, suggesting the idea of a new form of money that uses cryptography to control its creation and transactions, rather than a central authority. The first Bitcoin specification and proof of concept was published in 2009 in a cryptography mailing list by Satoshi Nakamoto. Satoshi left the project in late 2010 without revealing much about himself. The community has since grown exponentially with many developers working on Bitcoin.

Satoshi's anonymity often raised unjustified concerns, many of which are linked to misunderstanding of the open-source nature of Bitcoin. The Bitcoin protocol and software are published openly and any developer around the world can review the code or make their own modified version of the Bitcoin software. Just like current developers, Satoshi's influence was limited to the changes he made being adopted by others and therefore he did not control Bitcoin. As such, the identity of Bitcoin's inventor is probably as relevant today as the identity of the person who invented paper.

Nobody owns the Bitcoin network much like no one owns the technology behind email. Bitcoin is controlled by all Bitcoin users around the world. While developers are improving the software, they can't force a change in the Bitcoin protocol because all users are free to choose what software and version they use. In order to stay compatible with each other, all users need to use software complying with the same rules. Bitcoin can only work correctly with a complete consensus among all users. Therefore, all users and developers have a strong incentive to protect this consensus.

From a user perspective, Bitcoin is nothing more than a mobile app or computer program that provides a personal Bitcoin wallet and allows a user to send and receive bitcoins with them. This is how Bitcoin works for most users.

Behind the scenes, the Bitcoin network is sharing a public ledger called the "block chain". This ledger contains every transaction ever processed, allowing a user's computer to verify the validity of each transaction. The authenticity of each transaction is protected by digital signatures corresponding to the sending addresses, allowing all users to have full control over sending bitcoins from their own Bitcoin addresses. In addition, anyone can process transactions using the computing power of specialized hardware and earn a reward in bitcoins for this service. This is often called "mining". To learn more about Bitcoin, you can consult the dedicated page and the original paper.

Yes. There is a growing number of businesses and individuals using Bitcoin. This includes brick and mortar businesses like restaurants, apartments, law firms, and popular online services such as Namecheap, WordPress, Reddit and Flattr. While Bitcoin remains a relatively new phenomenon, it is growing fast. At the end of August 2013, the value of all bitcoins in circulation exceeded US$ 1.5 billion with millions of dollars worth of bitcoins exchanged daily.

While it may be possible to find individuals who wish to sell bitcoins in exchange for a credit card or PayPal payment, most exchanges do not allow funding via these payment methods. This is due to cases where someone buys bitcoins with PayPal, and then reverses their half of the transaction. This is commonly referred to as a chargeback.

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FAQ - Bitcoin

Satoshi Nakamoto is a person or group of people who created the Bitcoin protocol and reference software, Bitcoin Core. In 2008, Nakamoto published a paper[1][2] on The Cryptography Mailing list at metzdowd.com[3] describing the Bitcoin digital currency. In 2009, he released the first Bitcoin software that launched the network and the first units of the Bitcoin currency, called bitcoins.[4][5]

Nakamoto is said to have continued to contribute to his Bitcoin software release with other developers until contact with his team and the community gradually began to fade in mid-2010. Near this time, he handed over control of the source code repository and alert key functions of the software to Gavin Andresen.[6] Also around this same time, he handed over control of the Bitcoin.org domain and several other domains to various prominent members of the Bitcoin community.

Nakamoto is believed to be in possession of roughly one million bitcoins. At one point in December 2013, this was the equivalent of US$1.1 billion.[7] Nakamoto's true identity remains unknown, and has been the subject of much speculation. It is not known whether the name "Satoshi Nakamoto" is real or a pseudonym, or whether the name represents one person or a group of people.

On his P2P Foundation profile, Nakamoto claimed to be a 37-year-old male who lived in Japan, while others speculated he was unlikely to be Japanese due to his use of perfect English and his Bitcoin software not being documented nor labelled in Japanese.[8]

Some considered Nakamoto might be a team of people; Dan Kaminsky, a security researcher who read the Bitcoin code,[9] said that Nakamoto could either be a "team of people" or a "genius";[10] Laszlo Hanyecz, a former Bitcoin core developer who had emailed Nakamoto, had the feeling the code was too well designed for one person.[11]

Occasional British English spelling and terminology (such as the phrase "bloody hard") in both source code comments and forum postings led to speculation that Nakamoto, or at least one individual in the consortium claiming to be him, was of Commonwealth origin.[1][10][11]

Stefan Thomas, a Swiss coder and active community member, graphed the time stamps for each of Nakamoto's bitcoin forum posts (more than 500); the resulting chart showed a steep decline to almost no posts between the hours of 5 am and 11 am Greenwich Mean Time. Because this pattern held true even on Saturdays and Sundays, it suggested that Nakamoto was asleep at this time.[8] If Nakamoto is a single individual with conventional sleeping habits, it suggests he resided in a region using the UTC05:00 or UTC06:00 time offset. This includes the parts of North America that fall within the Eastern Time Zone and Central Time Zone, as well as parts of Central America, the Caribbean and South America.

Many articles have been written about possible identities of Nakamoto. Some notable speculations about his identity include:

In December 2013, a blogger named Skye Grey linked Nick Szabo to the Bitcoin's whitepaper using a stylometric analysis.[23][24][25] Szabo is a decentralized currency enthusiast and published a paper on "bit gold", which is considered a precursor to bitcoin.[24][25] He is known to have been interested in using pseudonyms in the 1990s.[26] In a May 2011 article, Szabo stated about the Bitcoin creator: "Myself, Wei Dai, and Hal Finney were the only people I know of who liked the idea (or in Dai's case his related idea) enough to pursue it to any significant extent until Nakamoto (assuming Nakamoto is not really Finney or Dai)."[27] In his book, Bitcoin: The Future of Money?, and on RT's The Keiser Report, author and investigative reporter Dominic Frisby also claims that he is fairly certain that Nick Szabo is Satoshi Nakamoto. Quoted from The Keiser Report "I've concluded there is only 1 person in the whole world that has the sheer breadth but also the specifity of knowledge and it is this chap...".[28]

The most high-profile speculation to date came in a March 6, 2014, article in the magazine Newsweek,[29] when journalist Leah McGrath Goodman identified Dorian Prentice Satoshi Nakamoto, a Japanese American man living in California, whose birth name is Satoshi Nakamoto,[29][30][31] as the Nakamoto in question. Besides his name, Goodman pointed to a number of facts that circumstantially suggested he was the Bitcoin inventor.[29] Trained as a physicist, Nakamoto worked as a systems engineer on classified defense projects and computer engineer for technology and financial information services companies. According to his daughter, Nakamoto was laid off twice in the early 1990s and turned libertarian, encouraging her to start her own business and "not be under the government's thumb." In the article's seemingly biggest piece of evidence, Goodman wrote that when she asked him about Bitcoin during a brief in-person interview, Nakamoto seemed to confirm his identity as the Bitcoin founder by stating: "I am no longer involved in that and I cannot discuss it. It's been turned over to other people. They are in charge of it now. I no longer have any connection."[29] (This quote was later confirmed by deputies at the Los Angeles County Sheriff's Department who were present at the time.)[32]

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Satoshi Nakamoto - Wikipedia, the free encyclopedia

Symbol localbtcARS thARS anxhkAUD bcmBMAUD bitmarketAUD btcmarketsAUD cryptoxAUD localbtcAUD mtgoxAUD ruxumAUD thAUD wbxAUD weexAUD bbmBRL btc2uBRL localbtcBRL mrcdBRL thBRL anxhkCAD bitaloCAD localbtcCAD lybitCAD mtgoxCAD thCAD virtexCAD weexCAD anxhkCHF localbtcCHF mtgoxCHF ruxumCHF thCHF thCLP anxhkCNY btcnCNY mtgoxCNY okcoinCNY rmbtbCNY thCNY bitcashCZK bitstockCZK localbtcCZK thCZK localbtcDKK mtgoxDKK thDKK anxhkEUR aqoinEUR b7EUR bcEUR bitaloEUR bitbayEUR bitcurexEUR bitmarketEUR btc24EUR btcdeEUR btceEUR btceurEUR btcexEUR crytrEUR fbtcEUR freshEUR globalEUR hitbtcEUR ibwtEUR imcexEUR intrsngEUR itbitEUR justEUR krakenEUR localbtcEUR mtgoxEUR rippleEUR rockEUR ruxumEUR thEUR vcxEUR zyadoEUR bcmBMGAU bcmPXGAU anxhkGBP bcGBP bit121GBP bitaloGBP bitmarketGBP britcoinGBP coinfloorGBP globalGBP ibwtGBP intrsngGBP localbtcGBP mtgoxGBP ruxumGBP thGBP anxhkHKD btchkexHKD localbtcHKD mtgoxHKD ruxumHKD thHKD ruxumHUF btcoidIDR bit2cILS localbtcILS thILS localbtcINR thINR anxhkJPY btcexJPY mtgoxJPY ruxumJPY thJPY korbitKRW krakenKRW bitmeLTC ibwtLTC justLTC krakenLTC localbtcMXN thMXN krakenNMC justNOK localbtcNOK mtgoxNOK thNOK anxhkNZD bitnzNZD localbtcNZD mtgoxNZD thNZD thPEN bidxtrmPLN bitaloPLN bitbayPLN bitchangePLN bitcurexPLN bitmarketPLN bitmarketplPLN bitomatPLN freshPLN globalPLN intrsngPLN localbtcPLN mtgoxPLN ruxumPLN thPLN btcxchangeRON bitmarketRUB btceRUR btcexRUB btcexWMR btcexYAD imcexRUB localbtcRUB mtgoxRUB ruxumRUB fybseSEK kptnSEK localbtcSEK mtgoxSEK ruxumSEK thSEK anxhkSGD fybsgSGD itbitSGD localbtcSGD mtgoxSGD ruxumSGD rockSLL virwoxSLL localbtcTHB mtgoxTHB ruxumTHB ruxumUAH 1coinUSD anxhkUSD b2cUSD b7USD bcmBMUSD bcmLRUSD bcmMBUSD bcmMLUSD bcmPPUSD bitaloUSD bitbayUSD bitboxUSD bitfinexUSD bitfloorUSD bitkonanUSD bitmarketUSD bitmeUSD bitstampUSD btc24USD btceUSD btcexUSD btcexWMZ btctreeUSD cbxUSD cotrUSD cryptoxUSD crytrUSD exchbUSD fbtcUSD freshUSD globalUSD hitbtcUSD ibwtUSD imcexUSD intrsngUSD itbitUSD justUSD krakenUSD lakeUSD localbtcUSD lybitUSD mtgoxUSD rippleUSD rockUSD ruxumUSD thLRUSD thUSD vcxUSD weexUSD justXRP krakenXRP rippleXRP snwcnXRP bitxZAR localbtcZAR ruxumZAR thZAR Time Period 1 day 2 days 5 days 10 days 1 month 2 months 3 months 4 months 5 months 6 months 1 year 2 years 4 years 8 years All Data auto 1-min 5-min 15-min 30-min Hourly 2-hour 6-hour 12-hour Daily Weekly Custom Time

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Bitcoin Charts / Charts

Historic theatre celebrates 100 years in Claude Historic theatre celebrates 100 years in Claude

Updated: Friday, February 6 2015 11:54 PM EST2015-02-07 04:54:41 GMT

An icon in an area town is celebrating a big milestone this weekend. The Gem Theater in Claude is celebrating 100 years.

An icon in an area town is celebrating a big milestone this weekend. The Gem Theater in Claude is celebrating 100 years.

Updated: Friday, February 6 2015 11:20 PM EST2015-02-07 04:20:02 GMT

Amarillo, TX - Millions of fraudulent tax returns are are being filed each year with stolen information, which is creating a growing concern for the Internal Revenue Service this tax season.

Amarillo, TX - Millions of fraudulent tax returns are are being filed each year with stolen information, which is creating a growing concern for the Internal Revenue Service this tax season.

Updated: Friday, February 6 2015 8:26 PM EST2015-02-07 01:26:11 GMT

Amarillo, TX - A local woman is building her dream home entirely from trash.

Amarillo, TX - A local woman is building her dream home entirely from trash.

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Bitcoin: trend or way of the future?

Anarcho-Lobbyist: Darryl Perry vs. Bitcoin Regulators
Anarcho-Lobbyist: Darryl Perry vs. Bitcoin Regulators.

By: Christopher Cantwell

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Anarcho-Lobbyist: Darryl Perry vs. Bitcoin Regulators - Video

How to earn free Bitcoin in every hour.. play games in android and earn more BTC
1st :- Create BTC wallet ------- https://blockchain.info/wallet/ 2nd :- Start earning free bit coin ------ http://freebitco.in/?r=1121300 and u can earn more bitcoins to paly games in ur...

By: Zahid Husain

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How to earn free Bitcoin in every hour.. play games in android and earn more BTC - Video

Live Bitcoin Trade - Selling Bitcoin for USD - Feb 3 2015
Live Bitcoin Trade recording as I sold all my bitcoin for US Dollars as the price of bitcoin dropped below important support levels. Bitcoin News Today - Tuesday February 3 2015 Bitcoin price...

By: Bitcoin Price Review

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Live Bitcoin Trade - Selling Bitcoin for USD - Feb 3 2015 - Video