We keep hearing people saying that Bitcoin is just too expensive now. Well, Bitcoin has never been cheap for years. It was “expensive” selling at $10 for each bitcoin in 2010. Then in 2013, it was “expensive” at $1000, and now it’s “expensive” at “...
Joining the recent outburst of new Bitcoin-related articles in mainstream media, BusinessInsider has written an article with an anti-Bitcoin view. Unfortunately, though, the article contains quite a few flaws, both blatantly incorrect and highly misl...
The Network and the Blockchain The Bitcoin network is the network of computers through which Bitcoin transactions are broadcasted and which maintains the public blockchain. Sometimes, the term is used to refer to just miners (see below). The blockcha...
Clarifications: 1. This is NOT a change to the Bitcoin protocol, it is a change to default transaction inclusion and propagation rules. If you can get your transaction to a miner willing to bend these rules, you will get included in the blockchain (a...
What comes to mind first when one thinks about a digital, decentralized currency? For myself, it is the unifying reach Bitcoin has around the world and back. Who would have thought that Satoshi Nakamoto’s initial white paper from October 2008 would s...
As far as open-source protocols go, one area in which Bitcoin is unique is the sheer difficulty of making any changes to the protocol. Unlike most other protocols, where features can be added, modified or deprecated at a moment’s notice, in the world...
Five years ago Saint Satoshi penned a brilliant idea. This idea was given freely to us. It has since fostered an arena where programmers cooperate, collaborate and compete to build viable alternatives. The latest entrant is Dogecoin. Dogecoin began l...
Written by: Chang Jia Translated by: James Choi Edited by: Adam Hofman The mining of Bitcoin consumes 1,000 mWh of electricity every day, the energy which could be provided to 30 thousand families in the United States. The idea that enormous energy w...
This week saw the outing (or not) of Satoshi Nakamoto, Bitcoin’s alleged inventor, who is said to have abruptly disappeared from the online forums he was known to frequent in Bitcoin’s early days. Though the man alleged to be Nakamoto, who was living...
Ten years ago, on April Fool’s Day 2004, Google’s Gmail was released to the public as a beta product. “Google Gets the Message, Launches Gmail. User Complaint About Existing Services Leads Google to Create Search-Based Webmail…Search is Number Two On...
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