Anything you wanted to learn about blockchain and cryptocurrency in general, and Bitcoin in particular, you can find on this epic Bitcoint resource list.
Wow! Even just reading the titles of the resources needs some time and dedication.
Tag: Bitcoin
Bitcoin – Money Decentralization
With Bitcoin on the rise recently (currently priced at $900+), I thought I’d share the link to this article – Bitcoin – Money Decentralization – which provides some insight into how Bitcoin works and some core principles behind it.
The article is written more from the Computer Science perspective rather than an economic/financial one, some of the economic details might be oversimplified.
The two main aspects that make Bitcoin different from a modern monetary systems, like US Dollar or Euro, are the following:
- Decentralization: There is no central entity that prints (mints) money, but rather the money is being mint by the crowd. This makes Bitcoin a decentralized system.
- Anonymity: People who use Bitcoin hope that their identity would not be revealed, in contrast to the usual way we all buy commodity over the internet using our credit card, we have to supply our personal details to be verified against the bank who treats our account.
The University of Nicosia launches the Bitcoin course
The University of Cyprus launches the Bitcoin course
THE University of Nicosia (UNIC) has launched a six week, free and open enrolment online course called “Introduction to Digital Currencies”, aimed at anyone wishing to gain a greater understanding of the fundamentals of bitcoin and digital currency in general.
The MOOC (Massive Open Online Course) is due to start on May 15, with other sessions starting each month thereafter.
L.P.D.: Libertarian Police Department
L.P.D.: Libertarian Police Department
“Home Depot™ Presents the Police!®| I said, flashing my badge and my gun and a small picture of Ron Paul. “Nobody move unless you want to!” They didn’t.
The Fifth Protocol
Cryptocurrencies are electronic cash, and as such, will be used by electronic agents to exchange value, verify contracts, and track identity and reputation. All of a sudden, the computing resources spent by the Bitcoin miners doesn’t seem wasted – it seems efficient, given that it can be used for congestion control and routing of other network resources.
Cryptocurrencies are an emergent property of the Internet – almost a fifth protocol in the Internet suite. If Satoshi Nakomoto did not exist, it would still be necessary to invent them. Someday, they will be used by the machines in our network, on our desk, in our garage, and in our pocket to exchange value and achieve consensus at blinding speeds, anonymously, and at minimal cost.