No physical Bitcoins: With ownership of Bitcoin and other cryptocurrencies, you technically don’t own anything physical. You can’t go to Coinbase, Airbitz, Kraken, Bittrex or any other exchange/wallet service and ask to withdraw cold hard Bitcoin. You can’t even go to a physical Bitcoin ATM and withdraw Bitcoins. Meaning you don’t really own anything. (Interested …
The basics of Mining Bitcoin: This is a continuation of the what is bitcoin series. Mining bitcoin or other cryptocurrencies, which use proof of work algorithms to secure their blockchain (ledger), is a bit like mining for gold. It’s hard, requires work, and electricity to “mine” a bitcoin and there will only ever be a …
This is a continuation of the Bitcoin series. Buying Bitcoin is possible: We’ve taught you the basics about bitcoin. So now if you wanted to get ahold of some of these exciting and interesting coins. This guide will teach you how to buy Bitcoin. You can buy bitcoins from exchanges or directly from other people …
Cryptocurrencies are decentralized currencies which serve any number of purposes. The originator of the cryptocurrency movement was Bitcoin. Bitcoin is meant to serve as an alternative decentralized, trustless, currency. No one controls the supply of it like with fiat money, there is no central bank, there is only people (like you and I). The Bitcoins …