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Thursday, January 19, 2012

What is Bitcoin

Bitcoin -: "Bitcoin is one of the first implementations of a concept called crypto-currency, which was first described in 1998 by Wei Dai on the cypherpunks mailing list. Building upon the notion that money is any object, or any sort of record, accepted as payment for goods and services and repayment of debts in a given country or socio-economic context, Bitcoin is designed around the idea of using cryptography to control the creation and transfer of money, rather than relying on central authorities."


'via Blog this'

  My Wife was watching a show, The Good Wife, and they were talking about bitcoin.  And I thought that was a very interesting concept.  Turns out it's a real thing and I am VERY intrigued.  And out of pure curiosity I am trying it out. Got my miner program set up and I've started my own pool. Why would I even consider this?  Because I have to know, I just have to know.

  Check out my beginners guide here.

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