Understand Bitcoins
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Thomas McCabe ’12 founded Get-Bitcoin.com this summer after struggling to find websites that sell Bitcoins, a digital currency created in 2009 that people can use to anonymously trade and buy products from select companies. McCabe said traffic on the website is increasing daily — the site earned over $8,500 in revenue on Monday alone — but the company could potentially face restrictions from the U.S. government. Since Bitcoin trading is anonymous, people often use them to buy or sell illegal drugs and services, and this illegal activity has prompted U.S. Senators Charles Schumer and Joe Manchin to call for government regulation of Bitcoins. The government could potentially regulate Bitcoins like they oversee commodities by issuing rules such as a requirement to hold a license, McCabe said.
Student startup storms cyberspace | Yale Daily News
In 2009, a programmer who called himself "Satoshi Nakamoto" created bitcoin . The virtual currency took off, but Satoshi's identity has remained a mystery. An expert tells the New Yorker writer that someone with Satoshi's skills would probably be at Crypto2011 , the most important cryptography conference. The writer also notes that Satoshi typically uses British (rather than American) spellings.
Did A Reporter Just Solve A Bitcoin Mystery? : Planet Money : NPR
Illustration: Martin Venezky In November 1, 2008, a man named Satoshi Nakamoto posted a research paper to an obscure cryptography listserv describing his design for a new digital currency that he called bitcoin. None of the list’s veterans had heard of him, and what little information could be gleaned was murky and contradictory. In an online profile, he said he lived in Japan.
The Rise and Fall of Bitcoin | Magazine
WHEN POLITICIANS and business leaders talk about the need to create a knowledge economy, they probably don’t mean our brightest and best should go out and literally create a new economy using their knowledge. But that is exactly what the New Yorker magazine this week accused a Trinity College student of doing, in a lengthy article on the virtual currency Bitcoin. The US technology writer Joshua Davis went sleuthing for “Satoshi Nakamoto”, the pseudonymous figure who revolutionised virtual currency and electronic finance when he announced Bitcoin in 2009.
Let's be Clear: I didn't invent Bitcoin - The Irish Times - Sat, Oct 08, 2011
I first heard about Bitcoins seven months ago on the radio. I understood them to be some sort of alternative, online “currency” but it sounded a little too esoteric to me at the time. A few months later I heard about them again in a story covering an underground website called Silk Road that sold drugs, including illicit drugs, and people used Bitcoins to pay for these drugs. Bitcoins were real and being used to buy real products.
Will Bitcoins join the ranks of US dollars, Euros and other currencies? | Patexia
Why most people refuse to accept and understand Bitcoin. - Bitcoin Community
In terms of their understanding of the nature of money, most people in our society are exactly like the prisoners described by Plato in his "Allegory of the Cave." They are hopelessly chained in place, watching shadows of things dancing on the wall in front of them. In our fiat currency world, the modern prisoners are watching debt, the shadow of real money, flicker across the wall. They see Federal Reserve notes and believe them to be real money. They have been prisoners of this system for so long that they actually believe that the shadow of money is money itself.
Casascius Bitcoins are physical coins you can hold - and each one is worth real digital bitcoins. More high-resolution photos here. Perhaps you've heard about Bitcoin , the open-source peer-to-peer "cryptocurrency" that you can send over the Internet without a bank or a middleman.
Physical Bitcoins by Casascius
So what are the odds of bitcoins becoming widespread and is it worth it to buy them now? : Bitcoin
I'm sure some of you understand bitcoins way better than me, so I'd like to hear your opinions on the prospects of bitcoins. Are they going to be succesfull or not? How is their value going to evolve in time? Are they going to be around for much longer?
Picture of Satoshi Nakamoto. Satoshi Nakamoto is the founder of Bitcoin and initial creator of the Original Bitcoin client . He has said in a P2P foundation profile [1] that he is from Japan. Beyond that, not much else is known about him and his identity. He has been working on the Bitcoin project since 2007. [2]
Satoshi Nakamoto - Bitcoin