“I remember reading your comments on Bitcoin some days ago and I would like
to address some points.
“Bitcoin is not a company - it's an open-source technology. (And that's why governments are afraid of it - there is no single 'throat to choke', it is distributed around millions of computers on Internet) In a nutshell, it's a digital construct based on really complex math and crypto which
1) determines available supply (more like gold than like US dollar!) and
2) a mechanism to ensure you can't spend it twice (important for digital things!) It had a huge spike this year - from ~15 to ~266, then dropped to ~60. Now it is around ~140 again, very interesting chart pattern.
“Here's one good source for charts: http://bitcoinity.org/markets
“My son is an editor at (UK-originated) Bitcoin magazine and they have both a print edition and a website. Website has some good 'newbie' article, e.g. this one http://bitcoinmagazine.com/category/bitcoin-newbies/ ”
Eoin Treacy's view Thank you for this informative email and the associated links. Bitcoin is certainly topical.Back to top