Difference between revisions of "Bitcoin"

From Organic Design wiki
(Interesting articles about Bitcoin: Bubble or No, This Virtual Currency Is a Lot of Coin in Any Realm)
(Craig Wright throws in the towel (but not really, unfortunately he came back): StopCraigWright.com)
(441 intermediate revisions by the same user not shown)
Line 1: Line 1:
{{#ev:youtube|Um63OQz3bjo|300|right}}[http://www.bitcoin.org/ Bitcoin] is an open source [[peer-to-peer]] ({{tag|P2P}}) electronic cash system that's completely {{tag|decentralised}}, with no central server, trusted authorities or middle men. The availability of bitcoins can't be manipulated by governments or financial institutions.
+
{{cleanup}}
 +
{{#ev:youtube|Um63OQz3bjo|300|right}}[http://www.bitcoin.org/ Bitcoin] is an open source [[peer-to-peer]] electronic cash system that's completely decentralised, with no central server, trusted authorities or middle men. The availability of bitcoins can't be manipulated by governments or financial institutions.
  
 
Bitcoin is the first truly decentralised currency and has paved the way for hundreds more to compete together in [[w:Cipherspace|Cipherspace]] over the coming years. This is one of the key factors in the transition of global society into the post-nation-state economy talked about in books like [[The Sovereign Individual]] and which is coming to be known by [[Agorism|agorists]] as [[The Second Realm]].
 
Bitcoin is the first truly decentralised currency and has paved the way for hundreds more to compete together in [[w:Cipherspace|Cipherspace]] over the coming years. This is one of the key factors in the transition of global society into the post-nation-state economy talked about in books like [[The Sovereign Individual]] and which is coming to be known by [[Agorism|agorists]] as [[The Second Realm]].
  
If you have a bitcoin, what that means is that there is an agreement among its users that the world owes a certain amount of labor to you. The value of the bitcoin approximately depends on the size of the network, and essentially gives you a 1 / 21000000 share in the value that can come out of this network and its ability to facilitate trade. When gold was the dominant currency, it seemed that it represented physical value while bitcoin is a looking glass that shows us what money really is: ''social value''.
+
The value of the bitcoin approximately depends on the size of the network, and essentially gives you a 1 / 21000000 share in the value that can come out of this network and its ability to facilitate trade. When gold was the dominant currency, it seemed that it represented physical value while bitcoin is a looking glass that shows us what money really is: ''social value''.
  
Bitcoin is the first online currency to solve the so-called “[[w:Double-spending|double spending]]” problem without resorting to a third-party intermediary. The key is distributing the database of transactions across a peer-to-peer network. This allows a record to be kept of all transfers, so the same cash can’t be spent twice–because it’s distributed (a lot like BitTorrent), there’s no central authority. This makes digital bitcoins like cash dollars or euros: Hand them over directly to a payee, and you don’t have them anymore, all without the help of a third party.
+
Bitcoin is the first online currency to solve the so-called “[[w:Double-spending|double spending]]” problem without resorting to a third-party intermediary. The key is distributing the database of transactions across a peer-to-peer network. This allows a record to be kept of all transfers, so the same cash can’t be spent twice–because it’s distributed (a lot like BitTorrent), there’s no central authority. This makes digital bitcoins like cash dollars or euros: Hand them over directly to a payee, and you don’t have them any more, all without the help of a third party.
  
A couple of good introductions to bitcoin are [http://bitcoinweekly.com/articles/bitcoin-what-is-it this one] by ''Bitcoin Weekly'' and [http://bitcoinbytes.blogspot.co.uk/2012/04/what-is-bitcoin.html this one] by ''Bitcoin Bytes''.
+
You can find a couple of good introductions to bitcoin are [https://visual.ly/community/videographic/economy/bitcoin-explained here] and [http://bitcoinbytes.blogspot.co.uk/2012/04/what-is-bitcoin.html here].
 +
 
 +
<div style="clear:both"></div>
  
 
== How it works ==
 
== How it works ==
[[File:BTC in hand.jpg|right|220px]]In a p2p computer network there are no servers, the entire network is composed of users running instances of the application on their computers. Each running instance offers a small amount of processing and storage resource to the network so that it can deliver the services it was designed for such as redundant storage, anonymity or voice-over-IP applications.
+
<div style="float:right;margin-left:15px">{{#ev:youtube|Lx9zgZCMqXE|350}}</div>In a p2p computer network there are no servers, the entire network is composed of users running instances of the application on their computers. Each running instance offers a small amount of processing and storage resource to the network so that it can deliver the services it was designed for such as redundant storage, anonymity or voice-over-IP applications.
  
 
In the case of a p2p currency system, some of the services the network is designed to offer are privacy, verification, authentication, currency creation and transfer of ownership. To ensure a reliable and tamper-proof system requires a lot of resource, and that amount is proportional to the amount of coins in the network. The network is able to pay the users for the resource they offer by making the coin-creation process part of the network protocol itself instead of being handled by a central trusted authority. This creates a natural and incorruptible link between the supply of currency in the network and the demand for it.
 
In the case of a p2p currency system, some of the services the network is designed to offer are privacy, verification, authentication, currency creation and transfer of ownership. To ensure a reliable and tamper-proof system requires a lot of resource, and that amount is proportional to the amount of coins in the network. The network is able to pay the users for the resource they offer by making the coin-creation process part of the network protocol itself instead of being handled by a central trusted authority. This creates a natural and incorruptible link between the supply of currency in the network and the demand for it.
  
Even aside from the ability to exchange bitcoins for other currencies, it still makes a very useful tool for independent organisations and groups because it allows them to trade and settle accounts amongst themselves independently and privately. It effectively gives them a "bank" that has a trustworthy system of accounts that can't be tampered with and requires no corruptible central authority to operate. See the [{{SERVER}}/files/8/89/Bitcoin.pdf Bitcoin Whitepaper] for more detail about how it works.
+
Even aside from the ability to exchange bitcoins for other currencies, it still makes a very useful tool for independent organisations and groups because it allows them to trade and settle accounts amongst themselves independently and privately. It effectively gives them a "bank" that has a trustworthy system of accounts that can't be tampered with and requires no corruptible central authority to operate. See the following links for more detailed information about how it works.
 +
*[{{SERVER}}/files/8/89/Bitcoin.pdf The Bitcoin Whitepaper] ''- the original paper by Satoshi Nakamoto (you may want to learn about [[hash]]ing before reading this)''
 +
*[http://nakamotoinstitute.org/ The Satoshi Nakamoto Institute]
 +
*[https://whitepaper.coinspice.io/ Cartoon explanation of how it works]
 +
*[http://visual.ly/bitcoin-explained Video about how it works for beginners]
 +
*[http://prezi.com/eoj7ku9-g_y1/bitcoin-p2p-currency-for-bezadis/ Bitcoin - P2P currency for Bezadis] ''- good Prezi about bitcoin''
 +
*<s>[http://bitcoinweekly.com/articles/bitcoin-what-is-it Bitcoin Weekly's "What Bitcoin Is"]</s>
 +
*[http://www.technologyreview.com/computing/37619/page1/ What Bitcoin Is, and Why It Matters] ''- article in Technology Review, published by MIT press''
 +
*[http://www.youtube.com/watch?v=iKVbb4Ci2kg What is Bitcoin? (YouTube)]
 +
*[http://www.youtube.com/watch?v=pcchQs2YDZ0 Stefan Molyneux on RT: Bitcoins: digital currency of the future?] ''- a very nice layman's explanation of Bitcoin''
 +
*<s>[http://actiontheory.liberty.me/2014/09/19/bitcoin-magic-fraud-or-sufficiently-advanced-technology/ Good article about how it works for the general public]</s> ''- register or pay or something''
 +
*[http://www.imponderablethings.com/2013/07/how-bitcoin-works-under-hood.html How Bitcoin works under the hood]
 +
*[http://www.michaelnielsen.org/ddi/how-the-bitcoin-protocol-actually-works/ How the Bitcoin protocol actually works] ''- starting from the real basics''
 +
*[https://en.bitcoin.it/wiki/Category:Technical Bitcoin Wiki technical category]
 +
*[https://www.youtube.com/watch?v=Em8nJN8IEes Transactions explained in detail (video - 2 parts)]
 +
*[https://www.youtube.com/watch?v=CGLqsaNGLso Blocks explained in detail (video)]
 +
*<s>[https://bitcoinfoundation.org/2014/10/a-scalability-roadmap/ A scalability roadmap]</s>
 +
*<s>[http://blog.chain.com/post/95218566791/the-math-behind-bitcoin The math behind bitcoin]</s>
 +
*[http://bitstein.org/blog/nick-szabo-the-computer-science-of-crypto-currency/ Good reading list by [https://twitter.com/NickSzabo4 Nick Szabo]
 +
Bitcoin was born on January 3rd, 2009, at 6:15PM Greenwich Mean Time, which is when Satoshi Nakamoto mined the first 50 coins, known as the "genesis block."
 +
*[https://bitcoinmagazine.com/articles/segregated-witness-part-how-a-clever-hack-could-significantly-increase-bitcoin-s-potential-1450553618 How Segregated Witness works] ''- segregated witness is a new potential addition to the bitcoin protocol to increase security and scalability (part 1 of 3)''
 +
*[https://bitcoin.org/en/bitcoin-core/capacity-increases-faq Segregated Witness FAQ]
 +
*[http://bitzuma.com/posts/five-ways-to-lose-money-with-bitcoin-change-addresses/ Understanding change addresses]
 +
*[https://bitcointechtalk.com/transaction-malleability-explained-b7e240236fc7 Transaction malleability explained]
 +
*[https://btcmanager.com/introduction-bitcoins-scripting-language/ Introduction to Bitcoin Script]
  
== How to use it ==
+
=== The Bitcoin Wallet ===
[[File:BitcoinApp.jpg|300px|right]]After you've [http://www.bitcoin.org installed the bitcoin applicaton] on you computer and run it, you'll see a simple application window with six tabs across the top which ara each explained as follows:
+
The term "wallet" is actually a little bit misleading because the information representing coins and transactions are actually stored throughout the entire network (in the ''blockchain''), not in the wallets. The wallet actually stores private keys that give the wallet-holder the ability to spend coins in the network that are confirmed as being currently associated with one of your private keys. A bitcoin address that you show to other people in order for them to send you money is the public half of one of the private keys in your wallet.
  
'''Ovreview:''' this is the default tab and gives you a basic summary of your confirmed and unconfirmed (by other nodes in the network) balance, and a list of the last few recent transactions.
+
This means that it's very important to back up your wallet and to remember the password you've locked it with, because if you lost access to your wallet you'd no longer have control over any of the coins in the network that are associated with your addresses. You must back up your wallet whenever you create a new address, but there's no need to back up your wallet every time you receive new coins, because these are not stored in your wallet. For example, you could have a bitcoin wallet on a computer that's never been connected to the network and be paid into that wallets address for years before you got around to connecting it and checking your balance.
 
 
'''Send coins:''' this allows you to send bitcoins to any number of recipients. For each recipient you enter an amount to send them, and their bitcoin address with an optional name for you to remember the address by. You can also select the address from your "address book" which is a list of all the addresses you've given a name to. There's an "Add Recipient" button at the bottom for adding more recipients to send to at the same time.
 
 
 
'''Receive coins:''' this a list of your bitcoin addresses that other people can send coins to. The sender is anonymous, so you can use these named receiving addresses to kepp track of where your coins have come from by telling each contact a specific address to send to. You can create as many receiving addresses as you like using the "New Address" button at the bottom.
 
 
 
'''Transactions:''' this tab is a simple list showing all your transactions with you can filter by amount sent or received, and by period. Each item in the list shows the date/time of the transaction, your local name for the address the transaction was received with or sent to, and the amount in bitcoins.
 
 
 
'''Address Book:''' this is a list of the addresses you've created for sending bitcoins to and the local name you've chosen for each address. You can edit or delete each address by right-clicking on it, and you can add new addresses with the "New Address" button at the bottom (which is the same as useing the "Add Recipient" button in the "Send Coins" tab.
 
 
 
'''Export:''' this a button that brings up a file-save window to export the data shown in the currently selected tab. This button can't be used if the "Overview" tab is selected since it only works for the tabel-data in the other four tabs.
 
 
 
When the application is started for the first time (or after a few days or more of disuse) there is a long delay while your instance of the application synchronises its local data with the current state of the network. This is very computationally intensive and can take many hours. Your displayed balance may be incorrect until its fully sycnhronised, but you can still send coins from out of the currently confirmed coin-balance. You can never spend any coins you don't have because the locally out-of-date information only applies to incoming transactions, because all outgoing transactions are done locally.
 
  
== The Bitcoin Wallet ==
+
'''Note:''' these days there are ''deterministic'' wallets available which allow you to backup your wallet with a single password or phrase, and you don't need to create a new backup even when new addresses are created in your wallet.
The term "wallet" is actually a little bit missleading because the information representing coins and transactions are actually stored throughout the entire network, not in the wallets. The wallet actually stores private keys that give the wallet-holder the ability to spend coins in the network that are confirmed as being currently associated with one of your private keys. A bitcoin address that you show to other people in order for them to send you money is the public half of one of the private keys in your wallet.
+
*Our current favourite deterministic wallets are [https://electrum.org Electrum] for BTC only and [https://www.exodus.io/ Exodus] for multi-currency
 
+
*[http://bitzuma.com/posts/six-things-bitcoin-users-should-know-about-private-keys/ 6 things you should know about bitcoin private keys]
This means that it's very important to back up your wallet and to remember the password you've locked it with, because if you lost access to your wallet you'd no longer have control over any of the coins in the network that are associated with your addresses. You must back up your wallet whenever you create a new address, but there's no need to back up your wallet every time you receive new coins, because these are not stored in your wallet. For example, you could have a bitcoin wallet on a computer that's never been connected to the network and be paid into that wallets address for years before you got around to connecting it and checking your balance.
+
*[[Paper wallet]] ''- how to store your wallet information on paper''
*[https://en.bitcoin.it/wiki/Securing_your_wallet Securing your wallet]
+
*[[Bitcoin/Migrating your wallet from Bitcoin-qt to Multibit|Migrating your wallet from Bitcoin-qt to Multibit]]
 
*[https://en.bitcoin.it/wiki/Wallet_Security_Dos_and_Don%27ts_%28Windows%29 Wallet do's & don'ts]
 
*[https://en.bitcoin.it/wiki/Wallet_Security_Dos_and_Don%27ts_%28Windows%29 Wallet do's & don'ts]
*[https://en.bitcoin.it/wiki/Paper_wallet Paper wallet] ''- how to store your wallet information on paper''
 
*[http://multibit.org/ MultiBit.org] ''- secure, lightweight, international Bitcoin wallet for Windows, MacOS and Linux''
 
*[http://torwallet.net/ Tor Wallet] ''- TORwallet is an online bitcoin wallet run as a TOR hidden service''
 
 
== Related news ==
 
*09 Apr 2013: ''BTC over '''$200''' today!''
 
*01 Apr 2013: ''BTC over [[1 April 2013|'''$100''']] today!!!''
 
*31 Mar 2013: [http://rt.com/news/bitcoin-challenge-dollar-currency-121/ Challenging the dollar: Bitcoin total value tops $1 billion]
 
*28 Mar 2013: ''BTC over $90 today''
 
*26 Mar 2013: [http://www.youtube.com/watch?v=aaOsM3RUNG8 Bitcoin on BBC Newsnight]
 
*26 Mar 2013: ''BTC over $80 today''
 
*24 Mar 2013: [http://www.activistpost.com/2013/03/bitcoin-zerocoin-privacy-extension-to.html Bitcoin Privacy Extension to Have Backdoor for Government Snooping?]
 
*21 Mar 2013: ''BTC over $70 today''
 
*20 Mar 2013: [http://www.bloomberg.com/news/2013-03-20/fleeing-the-euro-for-bitcoins-.html Fleeing the Euro for Bitcoins]
 
*20 Mar 2013: ''BTC over $60 today''
 
*19 Mar 2013: [http://www.activistpost.com/2013/03/cyprus-bank-raid-bitcoins.html Is Bitcoin the New Safe-Haven Currency? Bitcoins Surge After Cyprus Bank Raid]
 
*19 Mar 2013: [http://irdial.com/blogdial/?p=3488 FinCEN sounds death knell for US based Bitcoin businesses]
 
*18 Mar 2013: ''BTC over '''$50''' today!!! - probably jumped up a bit due to the [[18 March 2013|Cypress drama]]''
 
*12 Mar 2013: [http://arstechnica.com/business/2013/03/major-glitch-in-bitcoin-network-sparks-sell-off-price-temporarily-falls-23/ Major glitch in Bitcoin network sparks sell-off; price temporarily falls 23%]
 
*05 Mar 2013: ''BTC over $40 today''
 
*01 Mar 2013: ''BTC over $35 today''
 
*21 Feb 2013: ''BTC over $30 today''
 
*12 Feb 2013: ''BTC over $25 today''
 
*07 Jan 2013: [http://techcrunch.com/2013/01/07/bitpay-banks-500k-in-angel-investment-to-become-paypal-for-bitcoin-already-has-2100-businesses-on-board/ BitPay Banks $510K In Investment To Become PayPal for Bitcoin, Already Has 2,100 Businesses On Board]
 
*07 Dec 2012: [http://www.theverge.com/2012/12/7/3740136/bitcoin-exchange-bank-france-bitcoin-central Bitcoin exchange gains clearance to operate as a real bank in France]
 
*28 Nov 2012: The block completion reward halved to 25 BTC today.
 
*14 Oct 2012: [http://financialcryptography.com/mt/archives/001389.html More surreal events in the Crypto Cold War - the BitCoin blockade of Iran]
 
*02 Sep 2012: [http://thenextweb.com/insider/2012/09/02/bitcoin-alive-stay-or-slowly-fading-away/ Bitcoin alive and here to stay, or slowly fading away?]
 
*20 Aug 2012: ''Plummeted all the way down to about $7.50, then quickly bounced back to a stable $10''
 
*17 Aug 2012: ''BTC hit $15 today''
 
*16 Aug 2012: [http://bitcoinmagazine.net/trading-bot-runs-amok-on-mtgox/ Trading Bot Runs Amok on MtGox]
 
*08 Aug 2012: [http://www.forbes.com/sites/jonmatonis/2012/08/11/my-answer-to-a-vcs-bitcoin-question/ My Answer To A VC's Bitcoin Question - Forbes]
 
*02 Aug 2012: ''BTC just went over $10!''
 
*11 JUl 2012: [http://siliconangle.com/blog/2012/07/11/paypals-abandonment-of-major-cyberlockers-may-become-bitcoins-big-win/ Paypal’s Abandonment of Major Cyberlockers May Become Bitcoin’s Big Win]
 
*29 Jun 2012: [http://allthingsd.com/20120629/betting-on-bitcoin-coinbase-wants-to-be-the-paypal-of-the-internet-only-currency/?mod=tweet Betting on Bitcoin: Coinbase Wants to Be the PayPal of Internet-Only Currency]
 
*26 Jun 2012: [http://www.marketwatch.com/story/bitpay-shatters-record-for-bitcoin-payment-processing-2012-06-26 BitPay Shatters Record for Bitcoin Payment Processing]
 
*22 Jun 2012: [http://www.forbes.com/sites/jonmatonis/2012/06/22/the-bitcoin-richest-accumulating-large-balances/ The Bitcoin Richest: Accumulating Large Balances]
 
*19 Jun 2012: [http://www.forbes.com/sites/jonmatonis/2012/06/19/torwallet-sparks-trust-without-jurisdiction-debate/ TORwallet Sparks Trust Without Jurisdiction Debate]
 
*18 Jun 2012: [http://www.dailyfinance.com/2012/06/18/bitcoins-euro-europe-safe-haven-currency/ Are Bitcoins Becoming Europe's New Safe Haven Currency?]
 
*13 Jun 2012: [http://www.forbes.com/sites/jonmatonis/2012/06/13/why-apple-is-afraid-of-bitcoin/ Why Apple Is Afraid Of Bitcoin]
 
*12 Jun 2012: [http://www.reuters.com/article/2012/04/01/traders-bitcoin-idUSL6E8ET5K620120401 Bitcoin, the City traders' anarchic new toy]
 
*04 Jun 2012: [http://afr.com/p/technology/banks_get_ready_for_virtual_cash_I7LI6KZ7wx9TXNwUKWuc9I Banks get ready for virtual cash]
 
*14 May 2012: [http://www.h-online.com/security/news/item/Bitcoinica-Bitcoin-site-breached-1574907.html Bitcoinica site breached]
 
*09 May 2012: [http://www.wired.com/threatlevel/2012/05/fbi-fears-bitcoin/ FBI release a report on how Bitcoin works]
 
*21 Apr 2012: [http://www.forbes.com/sites/jonmatonis/2012/04/21/bitcoinica-registers-in-new-zealand-for-bitcoin-margin-trading/ Bitcoinica Registers in New Zealand for Bitcoin Margin Trading]
 
*24 Sep 2011: [http://www.bitcoinblogger.com/2011/10/bitcoin-set-to-unleash-massive-tsunami.html  Developers of the crypto-currency are designing initial support for multi-transactions] - Multi-transactions allow the possibility of ‘contracts’.
 
*16 Aug 2011: [http://tradehillblog.com/2011/08/16/usd-domestic-and-international-wire-transfers-are-available-again/ TradeHill: USD Domestic and International Wire Transfers are Available Again]
 
*22 Jun 2011: [http://www.theregister.co.uk/2011/06/22/eff_drops_bitcoin/ EFF backs away from Bitcoin]
 
*20 Jun 2011: [http://www.youtube.com/watch?v=GkxvCttvSo4 True News: Vancouver Riots, Greek Austerity & Bitcoin Thefts]
 
*19 Jun 2011: [http://www.dailytech.com/Inside+the+MegaHack+of+Bitcoin+the+Full+Story/article21942.htm DailyTech: Inside the Mega-Hack of Bitcoin: the Full Story]
 
**23 Jun 2011 [http://poibella.org/emptyset/?p=387 a more accurate telling of the hack]
 
*17 Jun 2011: [http://www.pcworld.com/article/230535/symantec_uncovers_bitcoinstealing_trojan.html Symantec Uncovers Bitcoin-Stealing Trojan]
 
*16 Jun 2011: [http://www.h-online.com/open/news/item/Bitcoin-theft-half-a-million-dollars-gone-1261306.html Bitcoin theft: half a million dollars gone?]
 
*14 Jun 2011: [http://www.youtube.com/watch?v=s_VewfiuCao True News: Bitcoin, Free Markets and Economics 101]
 
*12 Jun 2011: [http://www.guardian.co.uk/technology/2011/jun/12/bitcoin-online-currency-us-government guardian.co.uk - Bitcoin: the hacker currency that's taking over the web]
 
*07 Jun 2011: [http://finance.yahoo.com/banking-budgeting/article/112907/bitcoin-triples-again-smartmoney Bitcoin Triples Again]
 
*06 Jun 2011: [http://www.smh.com.au/technology/technology-news/secret-money-abc-virtual-currency-racket-probe-20110623-1ggp6.html IT staffer installs bitcoin miner on ABC's servers]
 
*03 Jun 2011: [http://www.activistpost.com/2011/06/new-decentralized-currency-stimulating.html New Decentralized Currency Stimulating Underground Barter Economy]
 
*04 May 2011: [http://www.rogerdavies.com/2011/05/bitcoins-beat-the-banker/ Bitcoins Beat the Bankers – Webs First Peer-to-Peer Bitcoin Crypto Currency Empowers Users, May Replace Banks]
 
*30 Apr 2011: [http://bitcointalk.org/?topic=2555.msg101084#msg101084 CoinPal gets shut down]
 
*23 Mar 2011: [http://news.slashdot.org/story/11/03/23/0210207/Google-Engineer-Releases-Open-Source-Bitcoin-Client Google engineer releases open source Bitcoin client]
 
*20 Jan 2011: [https://www.eff.org/deeplinks/2011/01/bitcoin-step-toward-censorship-resistant EFF calls Bitcoin a Step Toward Censorship-Resistant Digital Currency]
 
*07 Jun 2010: [[7 June 2010|Our local news item introducing Bitcoin]]
 
 
== Other sites about Bitcoin ==
 
*[http://www.thebitcoinlist.com/ The Bitcoin List]
 
*[http://bitcoinmagazine.net/ Bitcoin Magazine] ''- excellent articles on Bitcoin''
 
*[http://www.bytcoinbytes.com Bitcoin Bytes]
 
*[http://thebitcoinreview.com/ The Bitcoin Review]
 
*[http://www.bitcoin.org/ Bitcoin.org]
 
*[http://bitcoinme.com/ BitcoinMe.com]
 
*[http://www.mybitcoin.com/ MyBitcoin.com] ''- an easy to use online Bitcoin interface and free shopping cart for websites''
 
*[https://en.bitcoin.it Bitcoin wiki] ''- a MediaWiki for Bitcoin''
 
**[https://en.bitcoin.it/wiki/FAQ Bitcoin FAQ]
 
*[http://www.bitmit.net Bitmit] ''- an online auction using bitcoin for the currency''
 
**[https://en.bitcoin.it/wiki/Trade Bitcoin Wiki] ''- Trade page which lists services that accept Bitcoin''
 
*[http://bitbills.com/ Cash n' carry Bitcoin]
 
*[http://www.bitcoinjobs.com/ BitcoinJobs.com] ''- work you can do in return for Bitcoins''
 
*[http://bitcoinweekly.com/ BitcoinWeekly.com]
 
*[http://lovebitcoins.org We Love Bitcoins]
 
*[https://bitcointalk.org/index.php?topic=83794.0 List of Major Bitcoin Heists, Thefts, Hacks, Scams, and Losses]
 
*[https://github.com/ampedup/AmpedMarket#readme AmpedMarket] ''- a secure, anonymous marketplace integrated with the Bitcoin currency base on [https://github.com/Bit-Wasp/BitWasp BitWasp]''
 
*[https://bitpay.com/ BitPay] ''- the "PayPal" of Bitcoin?''
 
*[https://coinbase.com/ Coinbase]
 
  
== Bitcoin statistics and charts ==
+
== Bitcoin stats, charts & tools ==
*[http://blockchain.info BlockChain.info] ''- charts and statistics for the whole bitcoin economy''
+
*[http://blockchain.info BlockChain.info] ''- charts, statistics and block explorer for the bitcoin blockchain''
 +
*[https://www.biteasy.com BitEasy] ''- another good block explorer''
 +
*[http://statoshi.info/ Statoshi.info] ''- realtime bitcoin node stats''
 +
*[http://bitcoinfees.21.co/ BitcoinFees.21.co] ''- good fee/delay prediction chart''
 +
*[https://btc.com/stats/unconfirmed-tx BTC.com/stats] ''- good selection of stats including optimal fee''
 +
*[https://brain-wallet.org/ BrainWallet] ''- make paper wallets, sign and verify messages and more (see also [https://tools.bitcoin.com/verify-message/ bitcoin.com message verification])''
 +
*[http://bitcoinwisdom.com/ BitcoinWisdom] ''- awesome chart service covering many currencies and exchanges''
 +
*[http://cryptowat.ch/btce/btcusd/1hr CryptoWatch] ''- another excellent chart''
 +
*[http://bitcoin-analytics.com/ Bitcoin Analytics] ''- excellent charts and reports''
 
*[http://bitcoinity.org/markets Bitcoinity] ''- excellent real-time price charts''
 
*[http://bitcoinity.org/markets Bitcoinity] ''- excellent real-time price charts''
 
*[http://blockchain.info/new-transactions World map of recent transactions]
 
*[http://blockchain.info/new-transactions World map of recent transactions]
 
*[http://blockchain.info/nodes-globe?series=48hrs Global Bitcoin Nodes] ''- graphical display of the distribution of nodes''
 
*[http://blockchain.info/nodes-globe?series=48hrs Global Bitcoin Nodes] ''- graphical display of the distribution of nodes''
*[http://mtgoxlive.com MtGox Live]
+
*[http://www.coinometrics.com Coinometrics] ''- really high-level analysis of the bitcoin economy''
 
*[http://www.bitcoinwatch.com/ Bitcoin Watch]
 
*[http://www.bitcoinwatch.com/ Bitcoin Watch]
*[https://en.bitcoin.it/wiki/History List of important events in the Bitcoin network]
+
*[http://fiatleak.com/ Fiat Leak] ''- realtime map showing fiat currencies moving in to the Bitcoin economy''
*[http://jezus.si/graf/dashboards/bitcoin/details/lag/ Mt Gox lag charts]
+
*[https://coin.dance/nodes/share Coin.Dance] ''- which nodes are running core or which fork''
 
+
*[https://bitinfocharts.com BitInfoCharts.com] ''- good stats over all time and many coins''
== Bitcoin exchange sites ==
+
*[http://charts.woobull.com/bitcoin-marketcap-to-transaction-value-ratio/ Bitcoin market-cap to transaction value indicates that the mid-2017 "bubble" is no bubble]
Buying Bitcoins is more difficult than expected considering that there's so many people trying to buy them. The reason is because Bitcoins more closely resemble cash than they do credit. This is because the transactions are irreversible whereas credit cards, Paypal and many other electronic forms of credit can be reversed up to six months later. To make matters worse, PayPal and most credit card company's have reversed many Bitcoin transactions because they consider Bitcoin to be a fraudulent operation. So the bottom line is that buying Bitcoins needs to be done with a solid irreversible form of currency such as cash in person or posting a cheque. Following are some exchanges offering various means of buying and selling Bitcoins. I find the easiest method is to use a wire transfer from a bank account which many exchanges accept (even though wire transfers can actually be reversed, but it's quite a procedure).
+
*[http://woobull.com/bitcoins-scaling-debate-deadlock-fueling-an-alt-coin-bubble-infographic/ Chart showing mid-2017 Alt-coin rise corresponding to Bitcoin scaling trouble]
*[https://intersango.com/ Intersango] ''- (based in London) allows international wire to deposit funds into EUR, GBP or PLY''
+
*[http://www.btcforkmonitor.info/ BTC fork monitor]
*[https://bitstamp.net/ Bitstamp] ''- (based in Slovenia) allows international wire in USD and a few other currencies''
+
*[https://transactionfee.info/charts/payments/segwit Many charts including segwit percentage]
*[https://bitcoin-24.com Bitcoin-24.com] ''- no BTC transfer fees, only $3.20 international wire fee, no ID for signup, based in Britain, accounts in Poland''
+
*<s>[http://segwit.5gbfree.com/countsegwit.html Percentage of segwit transactions per block]</s>
*[http://www.mtgox.com MtGox] ''- (based in Tokyo) extremely strict signup & verification procedures''
+
*<s>[http://segwit.party/charts/ SegWit transaction percentage]</s>
*[https://btc-e.com/ BTC-e] '' - (based in Russia) allows international wire in USD and a few other currencies, '''minimum US$5000''' (also handles [[Namecoin]], [http://litecoin.org Litecoin] and others)''
+
*[https://p2sh.info/dashboard/db/bech32-statistics?orgId=1 Bech32 statistics]
*[https://btcchina.com/ BTC China] ''- doesn't currently have wire transfer option, support liberty reserve and Chinese payment systems''
+
*[https://explorer.acinq.co/#/ Lightning Network explorer] ''- explanation [https://medium.com/@ACINQ/releasing-our-lightning-network-explorer-93e87de150bb here]''
*[https://imcex.com/ IMCEX] ''- a user-to-user Bitcoin, Namecoin and LibertyReserve exchange''
+
*[https://lnd3.vanilla.co.za/multinodegraphs/index.html 3D lightning viewer]
*[https://www.bitinstant.com BitInstant] ''- Providing instant transfers for the bitcoin economy''
+
*[https://bitcoinaverage.com BitcoinAverage] ''- historical bitcoin prices across multiple currencies''
*[http://www.bitcoin.de bitcoin.de]
+
*[https://p2sh.info/dashboard/db/home-dashboard?orgId=1 p2sh.info] ''- stats on bitcoin transactions types including segwit usage''
*[https://bitfloor.com BitFloor] ''- US-based exchange focussing mainly on US users''
+
*[https://jochen-hoenicke.de/queue/ Johoe's Bitcoin Mempool Statistics]
*<s>[https://campbx.com CampBX]</s> ''- requires Dwolla to use which is only available to US employees (citizens)''
 
*<s>[https://cryptoxchange.com/ Crypto X Change]</s> ''- (based in Australia) does not allow international wire transfers''
 
*<s>[http://bitcoinica.com Bitcoinica]</s> ''- hacked and died May 2012''
 
**[http://news.ycombinator.com/item?id=2973301 Interesting hacker discussion with Zhou Tong before starting Bitcoinica]
 
*<s>[http://www.tradehill.com TradeHill.com]</s> ''- shutdown late 2011''
 
  
== Bitcoin Stock Exchanges ==
+
== Bitcoins working/funding ==
*<s>[https://glbse.com/assets GLBSE.com]</s> ''- the Global Bitcoin Stock Exchange''
+
*[https://bitpatron.co BitPatreon]
**[http://www.bitcointrading.com/forum/talk-bitcoin/glbse-closes/ GLBSE closes]
+
*[https://medium.com/@BtcpayServer/btcpay-crowdfunding-abbb84525d8a BTCPay crowdfunding] ''- crowdfunding app for the [[Install a BTCPay server|BTCpay server]]''
**[https://bitcointalk.org/index.php?topic=117715.0 Some discussion re the shutdown]
+
*[https://21.co/tasks/ 21.co] '' earn bitcoin for performing small tasks''
**[https://bitcointalk.org/index.php?topic=78269.0 TEDx - James McCarthy (Nefario) - Evolutionary money: the Bitcoin ecology]
+
*[https://www.chronobank.io ChronoBank] ''- this could be the new decentralised "upwork" when it gets going''
**[http://agoristradio.com/?p=285 Cypherpunkd: GLobal Bitcoin Stock Exchange and Bitdrop]
+
*[http://blog.maidsafe.net/2015/07/08/maidsafe-code-bounty-program/ MaidSafe code bounty] ''- offering $20/hr in bitcoin''
**[http://bitcoinweekly.com/articles/interview-with-nefario-founder-of-bitcoin-global Bitcoin Weekly - Interview with Nefario]
+
*[https://bounty.ethdev.com Ethereum bug bounty]
**[http://agoristradio.com/?p=447 Another Cypherpunkd interview Nefario (part 1)], [http://agoristradio.com/?p=448 (part 2)]
+
*[http://coinality.com/ Coinality] ''- this seems not to really be much to do with bitcoin...?''
**[https://bitcointalk.org/index.php?topic=112402.0 Big GLBSE share sale]
+
*<s>[http://www.jobs4bitcoins.com/ Jobs4Bitcoins]</s>
*[http://polimedia.us/bitcoin/mpex.php MPEx Bitcoin stock exchange]
+
*<s>[http://codeforbitcoins.com/ CodeForBitcoins]</s>
*[https://icbit.se/ ICBIT Bitcoin stock exchange]
+
*<s>[https://bitlancerr Bitlancerr]</s>
*[https://en.bitcoin.it/wiki/Category:Stock_Exchanges Stock Exchanges Category at bitcoin.it]
+
*<s>[http://www.bitcoinjobs.com/ BitcoinJobs]</s>
*[http://www.thebitcointrader.com/2012/05/bitcoin-stock-market-miners-and-pirates.html The Bitcoin Stock Market - Miners and Pirates, Oh My! ]
+
*[https://www.bitwage.com/ BitWage] ''- get your job payments in Bitcoin, very good for international contractors''
  
== Mining Bitcoins ==
+
== Other projects on the blockchain ==
*[http://www.weusecoins.com/mining-guide.php Bitcoin mining guide]
+
It has been a hot debate for years amongst the bitcoin developers as to whether or not the blockchain should allow the storage of data not related specifically to bitcoins. Even Satoshi himself weighed in on this debate saying that,
*[http://en.bitcoin.it/wiki/Mining_hardware_comparison Mining hardware comparison]
+
{{quote|Piling every proof-of-work quorum system in the world into one dataset doesn't scale. Bitcoin and BitDNS can be used separately. Users shouldn't have to download all of both to use one or the other. BitDNS users may not want to download everything the next several unrelated networks decide to pile in either.|Satoshi Nakamoto}}
*[http://174.143.149.98/smf/index.php?action=printpage;topic=8543.0 FPGA vs GPU]
+
Eventually projects started to store custom data in the blockchain in exotic ways which began to bloat the blockchain, so the developers in mid 2014 added the [http://bitzuma.com/posts/op-return-and-the-future-of-bitcoin/ OP_RETURN] opcode to the official set of executable codes which allows 40 bytes of custom data to be added to transactions. With OP_RETURN, Bitcoin's long-running debate over acceptable uses of the block chain has received some much needed clarity. Applications can now inexpensively add a 40 byte data payload to transactions using the OP_RETURN script function. On a technical level, OP_RETURN doesn't enable anything that wasn't previously possible. Instead, OP_RETURN provides a standard interface through which new services can potentially be layered onto the block chain, and a central point of focus for future work on integration tools.
*[http://www.linuxcoin.co.uk/wiki/ LinuxCoin wiki]
 
  
== Extending Bitcoin functionality ==
+
Here's a list of various projects and ideas that extend the functionality available in the blockchain.
Bitcoin could become a multipurpose network by adding additional information to coin blocks, for example [[NameCoin]] extends the network to provide a distributed DNS alternative. Similar things could be done to provide distributed authentication and a distributed [[ontology]] for shared knowledge and organisation.
+
*'''[http://ledracapital.com/blog/2014/3/11/bitcoin-series-24-the-mega-master-blockchain-list The Mega Master Blockchain List...]'''
 +
*[https://blockstream.com/eltoo.pdf Eltoo] ''- a simple layer2 protocol for Bitcoin''
 
*[http://bitcointalk.org/?topic=1283.0 How to make a distributed escrow service] ''- a comment by Satoshi Nakamoto in 2010 from the Bitcoin forum''
 
*[http://bitcointalk.org/?topic=1283.0 How to make a distributed escrow service] ''- a comment by Satoshi Nakamoto in 2010 from the Bitcoin forum''
*[[Open Transactions]] ''- this is being designed to work as the escrow/banking layer using BTC as its reserve currency''
+
*[https://gist.github.com/therealplato/5120086 Plato re using OT instead of increasing the block size]
**[https://gist.github.com/therealplato/5120086 Plato re using OT instead of increasing the block size]
+
*[http://www.coindesk.com/sidechains-white-paper-ecosystem-reboot/ About Side-chains]
*[[The Network]] ''- the p2p network we're architecting''
 
 
*[https://en.bitcoin.it/wiki/Bitcoin_Improvement_Proposals Improvement proposals]
 
*[https://en.bitcoin.it/wiki/Bitcoin_Improvement_Proposals Improvement proposals]
**[https://en.bitcoin.it/wiki/Smart_Property Smart property] (could also be used to track [[Cryptographic True-cost accounting|'true-cost' accounting]] and price discovery!)
+
*[https://en.bitcoin.it/wiki/Smart_Property Smart property]
**[https://en.bitcoin.it/wiki/Contracts Distributed contracts]
+
*[https://en.bitcoin.it/wiki/Contracts Distributed contracts]
*[http://bitbills.com/ Bitbills] - the first and only bitcoins in physical form.
+
*[http://cointelegraph.com/news/112077/the-new-frontier-after-cryptocurrency-cryptoequity Crypto-equity]
 
+
*[https://keybase.io/ KeyBase.io] ''- KeyBase is a people directory, see also the [https://keybase.io/introducing-the-keybase-filesystem KeyBase FS]''
=== Bitcoin Set To Unleash Massive Tsunami Wave Of New Development With New Features ===
+
*[http://bitbills.com/ Bitbills] ''- the first and only bitcoins in physical form.''
Bitcoin will be more than a currency if multi-transactional features are added to the core code. Right now the developers of the {{tag|Cryptocurrency}} are designing initial support for new types of transactions. What are multi-transactions? Multi-transactions allow the possibility of ‘contracts’. According the [Bitcoin Set To Unleash Massive Tsunami Wave Of New Development With New Features wiki], “A distributed contract is a method of using Bitcoin to form agreements with people via the block chain. Contracts don't make anything possible that was previously impossible, but rather they allow you to solve common problems in a way that minimizes trust.” This means services based on cryptographic trust are now possible that was previously only possible with paper, pen, and a line to sign. The new possible services that could be developed include escrow services, secured deposits, dispute mediation, assurance of goods, [https://en.bitcoin.it/wiki/Smart_Property smart property], etc. These features would eliminate the need for paper contracts in many different industries. In addition to banking, currently existing sectors that could be affected include title companies, lending services, billing services, ownership of anything digital (cars, phones, computers), home loans, car loans, funding services, etc. The cost of creating these contracts in bitcoin will be practically zero. [http://www.bitcoinblogger.com/2011/10/bitcoin-set-to-unleash-massive-tsunami.html (more...)]
+
*[http://www.bitcoinx.org BitcoinX] ''- extending the blockchain to exchange many asset types using [https://bitcoil.co.il/BitcoinX.pdf coloured coins]''
 
+
*[https://blog.conformal.com/btcwire-the-bitcoin-wire-protocol-package-from-btcd/#more-32 btcwire] ''- the bitcoin wire protocol package from btcd''
== The 21 Million Coin Limit ==
+
*[https://bitcoinstarter.com/projects/85# PeerCover] ''- bitcoin-based insurance project at BitcoinStarter]
Many people are concerned about this "21 million coin limit" for example this blog post about [http://tav.espians.com/why-bitcoin-will-fail-as-a-currency.html Why Bitcoin Will Fail as a Currency] is based on this belief. But it's not actually a problem because Bitcoins are divisible into eight decimal places (and future versions of the protocol could easily be designed to divide it further if there becomes demand for that) so even if there were only a few Bitcoins in existence, the entire Bitcoin economy could still operate properly.
+
*[http://blog.blocksignit.com/ BlockSign] ''- sign legal documents on the block chain''
 
+
*[http://silentvault.com Silent Vault] ''- using voucher-safe to make bitcoin anonymous''
== Inflation and Transaction Fees ==
+
*[http://www.bitnation.co BitNation] ''- governance on the blockchain - still going, but [http://cointelegraph.com/news/112725/bitnation-core-dev-team-resigns-speaks-out-before-crowdsale all the developers quit] :-(''
By convention, the first transaction in a block is a special transaction that starts a new coin owned by the creator of the block. This adds an incentive for nodes to support the network, and provides a way to initially distribute coins into circulation, since there is no central authority to issue them. The steady addition of a constant of amount of new coins is analogous to gold miners expending resources to add gold to circulation. In our case, it is CPU time and electricity that is expended.
+
*[http://counterparty.io/ Counterparty] ''- a platform for free and open financial tools on the Bitcoin network''
 
+
*[http://www.proofofexistence.com/ Proof of existence] & [https://opentimestamps.org/ OpenTimestamps]
The incentive (for nodes to support the network) can also be funded with transaction fees. If the output value of a transaction is less than its input value, the difference is a transaction fee that is added to the incentive value of the block containing the transaction. Once a predetermined number of coins have entered circulation, the incentive can transition entirely to transaction fees and be completely inflation free.
+
*[http://coinspark.org/ CoinSpark] ''- distributed asset ledger using coloured coins''
 
+
*[http://chain.com Chain] ''- some kind of API for building apps on the blockchain''
== Criticism ==
+
*[https://blockstack.org/ BlockStack] ''- fast, secure, and easy-to-use DNS, PKI, and identity management on the blockchain''
The following links suffer from dubious credibility, bearing hallmarks of poor writing and fuzzy understanding of cryptography, economics and monetary terminology and concepts. Nevertheless, they point out some useful and interesting information:
+
*[http://onename.com OneName] ''- used to be on [[namecoin]]'s blockchain, but now on bitcoin using BlockStack''
*[http://andrewmayne.com/blog/2011/06/11/bitcoin-equals-world-of-warcraft-without-the-fun-and-how-to-fix-it/ Bitcoin equals World of Warcraft without the fun (and how to fix it)] ''- Some insightful and some perhaps not-so-insightful thoughts...''
+
*[https://github.com/blockstack/blockchain-id/wiki/Blockchain-Auth BlockchainAuth] ''- allows universal login with your OneName/BlockStack profile''
*[http://www.dailytech.com/Cracking+the+Bitcoin+Digging+Into+a+131M+USD+Virtual+Currency/article21878.htm Cracking the Bitcoin: Digging Into a $131M USD Virtual Currency] ''- Volatility of BitCoin/USD exchange rates. Caveat: the writer misunderstands and misapplies the terms 'inflation' and 'deflation' (which are effects of change in money supply) - as an explanation for BitCoin's recent volatility. Clearly volatility is a result of speculation - changing demand for a nearly constant supply. The money supply of BitCoin is inherently asymptotic.''
+
*[http://www.invictus-innovations.com/keyhotee/ Keyhotee] ''- user authentication''
 
+
*[[Bitmessage]] ''- email/messaging''
== Understanding Bitcoin ==
+
*[https://openbazaar.org/ OpenBazaar] ''- commerce/trade''
*[http://prezi.com/eoj7ku9-g_y1/bitcoin-p2p-currency-for-bezadis/ Bitcoin - P2P currency for Bezadis] ''- good Prezi about bitcoin''
+
*[http://twister.net.co Twister] ''- distributed twitter''
*[http://bitcoinweekly.com/articles/bitcoin-what-is-it Bitcoin Weekly's "What Bitcoin Is"]
+
*[http://okturtles.com okTurtles] ''- distributed solution to SSL certificate authorities''
*[{{SERVER}}/files/8/89/Bitcoin.pdf Bitcoin.pdf] ''- the original document by Satoshi Nakamoto''
+
*[http://startupboy.com/2014/03/09/the-bitcoin-model-for-crowdfunding/ Distributed crowd-funding]
*[http://www.youtube.com/watch?v=ygoqDBfjimM Bitcoin! - The Freedomain Radio Interview] ''- Stefan Molyneux, host of Freedomain Radio, interviews [http://www.bitcoinme.com Bruce Wagner] about the latest and greatest currency technology in the world!''
+
**[https://github.com/MrChrisJ/World-Citizenship World Passport] ''- see also [https://docs.google.com/presentation/d/1z3C1qUm9-nr3_BYeDxnJurFVD-7iI8_AL9VE6EWk0S0/edit?pli=1#slide=id.p this tutorial] by BitNation, this [http://www.wired.com/2014/10/world_passport Wired article] and an [http://www.vice.com/en_uk/read/blockhains-first-citizen-328 Interview with first ID holder]''
*[http://www.technologyreview.com/computing/37619/page1/ What Bitcoin Is, and Why It Matters] ''- article in Technology Review, published by MIT press''
+
*[http://www.thebitcoinchannel.com/archives/40151 Decentral Bank] ''- bringing bitcoin 2.0 to modern banking''
*[http://www.youtube.com/watch?v=iKVbb4Ci2kg&feature=player_profilepage What is Bitcoin? (YouTube)]
+
*[http://bitcoinschannel.com/factom-white-paper-outlines-record-keeping-layer-above-bitcoin/ Factom White Paper Outlines Record Keeping Layer Above Bitcoin]
*[http://www.youtube.com/watch?v=pcchQs2YDZ0 Stefan Molyneux on RT: Bitcoins: digital currency of the future?] ''- a very nice layman's explanation of Bitcoin''
+
*[http://ledracapital.com/blog/2014/3/11/bitcoin-series-24-the-mega-master-blockchain-list Ledra Capital list of possible blockchain apps...]
*[http://webank.org.uk/ WeBank] ''- Report organised by Nesta and OpenBusiness.cc about P2P finance''
+
*[http://blog.onename.com/blockstore-bitcoin/ BlockStore] ''- a datastore using bitcoin's blockchain and a DHT''
*[http://www.thebitcointrader.com/2012/05/bitcoins-liquidity-third-look.html#more Bitcoin's Liquidity: A Third Look]
+
*[http://www.rsk.co/ RootStock] ''- smart contracts for Bitcoin using 2-way pegged non-speculative RSK''
*[http://bitcoinmedia.com/how-to-counterfeit-bitcoins/ How to counterfeit Bitcoins - not!]
 
*[http://uscyberlabs.com/blog/2012/11/21/bitcoin-cyber-death-of-the-banking-industry/?goback=.gde_3721050_member_188277967 Bitcoin - Cyber Death of the Banking Industry]
 
[[File:Btc mindmap.png|300px]]
 
  
== Further reading on bitcoin's value ==
+
== Further reading on bitcoin ==
 +
*[http://satoshi.nakamotoinstitute.org/ The Nakamoto Institute]
 
*[http://irdial.com/blogdial/?p=3102 The clear divisions on Bitcoin] ''- Blogdial, June 22, 2011''
 
*[http://irdial.com/blogdial/?p=3102 The clear divisions on Bitcoin] ''- Blogdial, June 22, 2011''
 
*[http://porquenoargentina.blogspot.com/2011/06/gary-on-bitcoin.html Another Take on Bitcoins] ''- Gary Kinghorn, June 22, 2011''
 
*[http://porquenoargentina.blogspot.com/2011/06/gary-on-bitcoin.html Another Take on Bitcoins] ''- Gary Kinghorn, June 22, 2011''
Line 220: Line 151:
 
*[http://www.libertariannews.org/2011/06/11/the-economics-of-bitcoin-why-mainstream-economist-lie-about-deflation/ The Economics Of Bitcoin ''– Why Mainstream Economists Lie About Deflation], Michael Suede, June 11, 2011''
 
*[http://www.libertariannews.org/2011/06/11/the-economics-of-bitcoin-why-mainstream-economist-lie-about-deflation/ The Economics Of Bitcoin ''– Why Mainstream Economists Lie About Deflation], Michael Suede, June 11, 2011''
 
*[http://thri.ca/archives/549 Bitcoin and the Denationalisation of Money] ''- C. Harwick, June 8, 2011''
 
*[http://thri.ca/archives/549 Bitcoin and the Denationalisation of Money] ''- C. Harwick, June 8, 2011''
 +
*[http://www.mises.org.br/Ebook.aspx?id=99 Bitcoin - a moeda na era digital] ''- excellent book about Bitcoin by Fernando Ulrich''
  
 
== Economics & Liberty articles ==
 
== Economics & Liberty articles ==
Line 227: Line 159:
 
*[http://economicsandliberty.wordpress.com/2011/06/07/the-coming-attack-on-bitcoin-and-how-to-survive-it/ The Coming Attack On Bitcoin And How To Survive It] ''- by Anthony Freedman''
 
*[http://economicsandliberty.wordpress.com/2011/06/07/the-coming-attack-on-bitcoin-and-how-to-survive-it/ The Coming Attack On Bitcoin And How To Survive It] ''- by Anthony Freedman''
 
*[http://www.libertariannews.org/2011/07/07/the-economics-of-bitcoin-challenging-mises-regression-theorem/ The Economics Of Bitcoin – Challenging Mises’ Regression Theorem] ''- by michaelsuede
 
*[http://www.libertariannews.org/2011/07/07/the-economics-of-bitcoin-challenging-mises-regression-theorem/ The Economics Of Bitcoin – Challenging Mises’ Regression Theorem] ''- by michaelsuede
 +
*[http://www.fee.org/the_freeman/detail/what-gave-bitcoin-its-value What gave bitcoin its value?] ''- bitcoin satisfies all of Mises' criteria''
 +
*[https://medium.com/@tonilanec/a-magna-carta-for-bitcoin-35b7389c9028 A Magna Carta for Bitcoin]
  
== Related projects ==
+
== Other sites about Bitcoin ==
*[[NameCoin]]
+
<div style="float:right">{{#ev:youtube|e__m-w4N7NI|300}}</div>
*[[Namecoin SPA]]
+
*[http://nakamotoinstitute.org/ The Satoshi Nakamoto Institute]
*[[SolidCoin]]
+
*[http://bitcoinfilm.org/about/ BitcoinFilm.org] ''- a short documentary about Bitcoin in Argentina''
*[http://litecoin.org/ Litecoin]
+
*[http://www.thebitcoinlist.com/ The Bitcoin List]
**[http://wiki.litecoin.net Litecoin wiki]
+
*[http://bitcoinmagazine.net/ Bitcoin Magazine] ''- excellent articles on Bitcoin''
**[https://ltcexchange.bitparking.com LTC / BTC exchange]
+
*[http://www.bytcoinbytes.com Bitcoin Bytes]
*[https://github.com/freewil/node-bitcoin NodeBitcoin] ''- Communicate with bitcoind via JSON-RPC''
+
*[http://thebitcoinreview.com/ The Bitcoin Review]
*[https://www.ohloh.net/p/BitWasp BitWasp] ''- anonymous bitcoin marketplace built for use in conjunction with hidden services such as .onion websites and eepsites''
+
*[http://www.bitcoin.org/ Bitcoin.org]
*[[Open Transactions]]
+
*[http://bitcoinme.com/ BitcoinMe.com]
*[[PPCoin]]
+
*[http://www.mybitcoin.com/ MyBitcoin.com] ''- an easy to use online Bitcoin interface and free shopping cart for websites''
*[[LiteCoin]]
+
*[https://en.bitcoin.it Bitcoin wiki] ''- a MediaWiki for Bitcoin''
 +
*[https://lightningwiki.net Lightning Wiki] ''- a MediaWiki for the lightning network''
 +
*[http://www.bitmit.net Bitmit] ''- an online auction using bitcoin for the currency''
 +
**[https://en.bitcoin.it/wiki/Trade Bitcoin Wiki] ''- Trade page which lists services that accept Bitcoin''
 +
*[http://bitbills.com/ Cash n' carry Bitcoin]
 +
*[http://bitcoinweekly.com/ BitcoinWeekly.com]
 +
*[http://lovebitcoins.org We Love Bitcoins]
 +
*[https://bitcointalk.org/index.php?topic=83794.0 List of Major Bitcoin Heists, Thefts, Hacks, Scams, and Losses]
 +
*[https://github.com/ampedup/AmpedMarket#readme AmpedMarket] ''- a secure, anonymous marketplace integrated with the Bitcoin currency base on [https://github.com/Bit-Wasp/BitWasp BitWasp]''
 +
*[https://bitpay.com/ BitPay] ''- the "PayPal" of Bitcoin?''
 +
*[https://coinbase.com/ Coinbase]
 +
*[https://bitcoinstarter.com/faq BitcoinStarter.com]
 +
*[http://coinmkt.com Coin Market]
 +
*[https://blog.conformal.com/btcwire-the-bitcoin-wire-protocol-package-from-btcd/#more-32 btcwire] ''- the bitcoin wire protocol package from btcd''
 +
*[http://bitcoinmyths.com/ Bitcoin Myths]
 +
*[http://www.badbitcoin.org/thebadlist/index.htm BadBitcoin] ''- the bitcoin scams directory!''
 +
*[http://lopp.net/bitcoin.html Jameson Lopp's bitcoin page]
  
== Various commentators on Bitcoin ==
+
== How bitcoin can help the world ==
*[http://www.youtube.com/user/RussiaToday?blend=1&ob=5#p/u/3/so1x4hunlII Max Keiser - Bitcoin: Currency of Resistance]
+
*[http://www.youtube.com/watch?v=jy6XIBnThpY Bitcoin Neutrality] ''- great lecture on Bitcoin by Andreas Antonopoulos''
*[http://halfpasthuman.com/wujo/clifswujo3252013bitcoin.mp3 Cliff High podcast on Bitcoin] ''- March 2013''
+
*[http://original.antiwar.com/Cory_Massimino/2014/08/29/bitcoin-is-the-solution-to-the-military-industrial-complex/ Bitcoin Is the Solution to the Military Industrial Complex]
*[http://www.dailyreckoning.com Daily Reckoning] ''- Daily Reckoning on BitCoin''
+
*[http://bitcoinchangeclub.org/blog/bitcoin-broken-non-profit-sector/ Bitcoin Can Fix Broken US Non-Profits]
*[http://sovereignlife.com/blog/?s=bitcoin SovereignLife on Bitcoin]
 
*[http://news.bbc.co.uk/2/hi/programmes/click_online/9555513.stm BBC item on Bitcoin]
 
*[http://rt.com/programs/keiser-report/episode-151-keiser-report/ Keiser Report on Bitcoin]
 
*[http://blog.ml-implode.com/2011/06/a-computer-scientist-and-gold-bug-analyzes-bitcoin/ A computer scientist and a gold bug analyses Bitcoin]
 
*[http://themonetaryfuture.blogspot.com/2011/06/why-are-libertarians-against-bitcoin.html Why Are Libertarians Against Bitcoin?]
 
  
 
== Interesting articles about Bitcoin ==
 
== Interesting articles about Bitcoin ==
 +
*[https://medium.com/scalar-capital/schnorr-signatures-754038368b87 Where Schnorr Signatures are at]
 +
*[https://inthemesh.com/archive/how-one-txtenna-enthusiast-is-building-a-censorship-resistant-bitcoin-mesh-network/ How One Txtenna Enthusiast is Building a Censorship-resistant Bitcoin Mesh Network] ''- experimenting with internet independent bitcoin transactions using goTennas in Auckland''
 +
*[https://hackernoon.com/the-reports-of-bitcoin-environmental-damage-are-garbage-5a93d32c2d7 The reports of bitcoin environmental damage are garbage] ''- who is Alex de Vries? and see also [https://www.coindesk.com/bitcoin-miners-send-message-at-fidelity-we-run-on-clean-energy-not-dirty-coal we run on clean energy, not dirty coal]''
 +
*[https://hackernoon.com/them-lightning-network-nodes-sure-do-look-centralized-to-me-what-gives-ee39c9b12ac0 Good detailed article analysing Lightning Network centralisation]
 +
*[https://hackernoon.com/post-bitcoin-maximalism-19f392610d67 Post-Bitcoin-Maximalism: A call for embracing the currency competition]
 +
*[https://hackernoon.com/marketcycle-4e5407d0c68 On the crypto market cycles] ''- see also [https://blog.goodaudience.com/bitcoin-network-momentum-a42346b2f0ce this one] on momentum too''
 +
*[https://bitcoinmagazine.com/articles/bitcoin-privacycoin-tech-making-bitcoin-more-private/ Good overview of the various bitcoin privacy options upcoming and available] ''- by Aaron van Wirdum''
 +
*[https://motherboard.vice.com/en_us/article/j5nzx4/what-was-the-first-blockchain Tthe very first blockchain was the New York Times!] ''- about the Haber and Stornetta references in the whitepaper''
 +
*[https://samsonmow.com/bitmain-ipo-and-technical-challenges/ Bitmain: IPO and Technical Challenges]
 +
*[https://medium.com/cryptomedication/uncovering-the-real-cartel-in-bitcoin-65b56a7a00a2 Uncovering the cartel of Bitcoin] ''- very well researched piece on the connections between the big players in crypto''
 +
*[https://bitcoinmagazine.com/articles/there-bitcoin-patent-war-going-initiative-could-end-it/ The bitcoin patent-war and the BDPL]
 +
*[https://medium.com/cryptolinks/the-truth-about-r-bitcoin-and-r-btc-69c4f78b27d0 The truth about r/bitcoin and r/btc]
 +
*[https://keepingstock.net/not-all-post-2011-satoshi-appearance-has-been-debunked-fab9a5c23812 Not all post-2011 Satoshi appearances have been debunked]
 +
*[https://bitcoinmagazine.com/articles/how-satoshi-messed-his-math-and-how-these-academics-just-fixed-it/ Satoshi was a genius, but he was not a mathematician]
 +
*[http://nakamotoinstitute.org/mempool/im-hoarding-bitcoins-and-no-you-cant-have-any/ Some clarity on hoarding and spending and what it means for bitcoin] ''- why HODL is good for a currency''
 +
**p.s. [https://bitcointalk.org/index.php?topic=375643.0 WTF is HODL anyway]?!
 +
*[https://hackernoon.com/the-new-eu-attack-on-bitcoin-6e80eb8b502c Beautyon breaks down the recent EU attack on bitcoin] ''- p.s. the vegetarian being anti-bitcoin bit is a joke''
 +
*[https://libertyblitzkrieg.com/2017/12/04/expect-desperate-and-insane-behavior-from-government-in-2018-part-2-bitcoin/ Great article on crypto, freedom and government hostility]
 +
*[https://medium.com/@dexx/debunking-three-misconceptions-about-segregated-witness-3bbf55c6f4de Debunking three misconceptions about Segwit]
 +
*[https://medium.com/@beautyon_/jekyllcoin-the-us-governments-doomed-attempt-to-kill-bitcoin-ee9996c03a94 JekyllCoin] ''- are the banksters using the Nov HF to try and take over Bitcoin?''
 +
*[https://medium.com/@nopara73/tumblebit-vs-coinjoin-15e5a7d58e3 Tumblebit vs CoinJoin] ''- good article about the various privacy mechanisms''
 +
*[https://medium.com/@elombrozo/the-bitcoin-core-merge-process-74687a09d81d The Bitcoin core merge process]
 +
*[http://www.coindesk.com/where-is-gavin-andresen-the-quiet-exile-of-bitcoins-former-face/ The quiet exile of Gavin Andresen]
 +
*[https://medium.com/@bergealex4/uasf-user-driven-protocol-development-da4e886832d UASF: User-driven protocol development]
 +
*[https://medium.com/@bergealex4/the-mining-delusion-96e021b6f899 The mining delusion]
 +
*[https://lists.linuxfoundation.org/pipermail/bitcoin-dev/2017-April/013996.html What is ASICBOOST?]
 +
*[https://bitcoinmagazine.com/articles/closer-look-bitcoin-unlimiteds-configurable-block-size-proposal/ Understanding Bitcoin Unlimited], and see also [https://bitcoinmagazine.com/articles/how-bitcoin-unlimited-users-may-end-different-blockchains/ How BU users may end up on different chains]
 +
*[http://woobull.com/bitcoin-volatility-will-match-major-fiat-currencies-by-2019/ Excellent analysis of bitcoin volatility]
 +
*[https://bitcoinmagazine.com/articles/a-primer-on-bitcoin-governance-or-why-developers-aren-t-in-charge-of-the-protocol-1473270427 A primer on bitcoin governance] ''- why developers aren't in charge of the protocol''
 +
*[http://gavinandresen.ninja/classic-unlimited-xt-core Classic? Unlimited? XT? Core?] ''- Gavin Andresen talks about why he's working on all these diverse bitcoin forks''
 +
**[https://github.com/bitcoinclassic/bitcoinclassic/pull/138 Classic unreviewed commit causing dev trouble]
 +
*[http://www.coindesk.com/bitcoins-core-developers-want-multiple-versions/ Why Bitcoin’s Core Developers Want Multiple Versions]
 +
*[http://www.coindesk.com/brazil-bitcoin-market-ignite/ Why Brazil’s Bitcoin Market is Struggling to Ignite]
 +
*[http://fee.org/the_freeman/detail/whos-afraid-of-the-workers-revolution Who's Afraid of the Workers' Revolution?] ''- the backlash against the sharing economy has begun, by Jeffrey Tucker''
 +
*[http://www.coindesk.com/bitcoin-philippines-perfect-cryptocurrency-storm/ Bitcoin in the Philippines: A Perfect Cryptocurrency Storm]
 +
*[http://www.technologyreview.com/news/527051/the-man-who-really-built-bitcoin/ The man who really built bitcoin] ''- history of Satoshi and Gavin Andresen''
 +
*[https://distributed-autonomous-society.quora.com/Decent-decentralization Decent decentralisation] ''- bitcoin alone is not the answer''
 +
*[http://www.fee.org/the_freeman/detail/what-gave-bitcoin-its-value Those who use the work of Mises to challenge bitcoin should think again] ''- by Jeffrey Tucker''
 +
*[http://finance.fortune.cnn.com/2014/04/02/secondmarket-ceo-barry-silbert-banks-cant-ignore-bitcoin-anymore/ SecondMarket CEO Barry Silbert: Banks can't ignore bitcoin anymore]
 +
*[http://www.wired.co.uk/news/archive/2013-11/07/mtgox The rise and fall of the world's largest bitcoin exchange]
 +
*[http://www.coindesk.com/bitcoin-intrinsic-value-alan-greenspan/ Bitcoin and Intrinsic Value: a Layman’s Response to Alan Greenspan]
 +
*[http://www.businessinsider.com/bitcoin-versus-paypal-comparison-2013-12 The Daily Value Of Bitcoin Transactions Has Passed Western Union's And It's Catching Up To Paypal's]
 +
*[https://bitcorati.com/2013/11/13/10-reasons-why-the-value-of-bitcoin-is-skyrocketing/?goback=.gde_5190684_member_5806542165253304320#! 10 Reasons Why The Value Of Bitcoin Is Skyrocketing]
 +
*[https://medium.com/what-i-learned-today/1a812f8fa7cd Why You Should Care About Bitcoin] ''- money is going digital and it is impacting the biggest growth industry of the past 75 years''
 +
*[http://www.theverge.com/2013/5/21/4348064/why-wont-bitcoin-die Why won’t Bitcoin die?] ''- The virtual currency has had many near-death experiences in its short four year life, but it just keeps bouncing back''
 
*[http://www.youtube.com/watch?v=v4pJwUeNFk8 DEFCON 19: Hacking the Global Economy with GPUs] ''- or How I Learned to Stop Worrying and Love Bitcoin - very informative talk about recent  Bitcoin events''
 
*[http://www.youtube.com/watch?v=v4pJwUeNFk8 DEFCON 19: Hacking the Global Economy with GPUs] ''- or How I Learned to Stop Worrying and Love Bitcoin - very informative talk about recent  Bitcoin events''
 
*[http://www.theregister.co.uk/2011/07/10/camp_bx_goes_live/ Cleaning up the Bitcoin act]
 
*[http://www.theregister.co.uk/2011/07/10/camp_bx_goes_live/ Cleaning up the Bitcoin act]
Line 264: Line 254:
 
*[http://techcrunch.com/2013/04/05/why-do-vcs-care-about-bitcoin/ Why do VC's care about Bitcoin?]
 
*[http://techcrunch.com/2013/04/05/why-do-vcs-care-about-bitcoin/ Why do VC's care about Bitcoin?]
 
*[http://www.nytimes.com/2013/04/08/business/media/bubble-or-no-virtual-bitcoins-show-real-worth.html?_r=0 Bubble or No, This Virtual Currency Is a Lot of Coin in Any Realm]
 
*[http://www.nytimes.com/2013/04/08/business/media/bubble-or-no-virtual-bitcoins-show-real-worth.html?_r=0 Bubble or No, This Virtual Currency Is a Lot of Coin in Any Realm]
 +
*[http://www.zerohedge.com/contributed/2013-04-09/bitcoins-or-gold-part-i Bitcoins or Gold?]
 +
*[http://webank.org.uk/ WeBank] ''- Report organised by Nesta and OpenBusiness.cc about P2P finance''
 +
*[http://www.thebitcointrader.com/2012/05/bitcoins-liquidity-third-look.html#more Bitcoin's Liquidity: A Third Look]
 +
*[http://bitcoinmedia.com/how-to-counterfeit-bitcoins/ How to counterfeit Bitcoins - not!]
 +
*[http://uscyberlabs.com/blog/2012/11/21/bitcoin-cyber-death-of-the-banking-industry/?goback=.gde_3721050_member_188277967 Bitcoin - Cyber Death of the Banking Industry]
 +
*[http://www.businessinsider.com/dan-kaminsky-highlights-flaws-bitcoin-2013-4 I Tried Hacking Bitcoin And I Failed] ''- Dan Kaminsky on Bitcoin''
 +
*[http://theeurovigilante.com/2013/04/12/the-great-gold-vs-bitcoin-debate-casey-vs-matonis/ The Great Gold vs Bitcoin Debate: Casey vs Matonis]
 +
*[[Wikipedia:History of Bitcoin]]
 +
*[http://www.reddit.com/r/Bitcoin/comments/1uccfz Tax attorney's answers to tax questions about Bitcoin]
 +
*[http://www.wired.co.uk/news/archive/2014-01/27/bitcloud Bitcloud] ''- ambitious ideas about replacing the internet''
 +
*[http://www.wired.co.uk/news/archive/2014-01/28/ethereum Teenage hacker creates next-gen crypto-platform]
 +
*[http://bitcoinmagazine.com/6021/bitcoin-is-not-quantum-safe-and-how-we-can-fix/#comment-10518 Bitcoin Is Not Quantum-Safe]
 +
*[http://www.cryptocoinsnews.com/news/longterm-technical-analysis-bitcoin-price/2014/04/20 Longterm Technical Analysis of the Bitcoin Price]
 +
*[http://cointelegraph.com/post/fernando_ulrich_few_banks_grasp_the_implications_of_cryptocurrencies Fernando Ulrich] ''- is driving the cryptocurrency bandwagon in Brazil and the Portuguese-speaking world''
 +
*[http://cryptocrimson.com/2014/05/bitcoin-transaction-volume-soon-surpass-paypal/ Bitcoin Transaction Volume Soon to Surpass PayPal]
 +
*[http://www.coindesk.com/developers-battle-bitcoin-block-chain/ Developers Battle Over Bitcoin Block Chain]
 +
*[http://bitscan.com/articles/analysis/ BitScan articles]
 +
*[http://www.nzherald.co.nz/business/news/article.cfm?c_id=3&objectid=11275827 'Bitcoin Jesus' calls the rich to a tax-free paradise]
 +
*[http://bitcoinmagazine.com/6021/bitcoin-is-not-quantum-safe-and-how-we-can-fix/ Bitcoin Is Not Quantum-Safe, And How We Can Fix It When Needed]
 +
*[http://bitcoinmagazine.com/15290/multisig-revolution-incomplete/ Multisig: A Revolution Incomplete] ''- by Vitalik Buterin''
 +
*[http://midlandsbtc.com/bitcoin-the-us-constitution-and-one-mans-crusade/ Bitcoin, the US Constitution, and One Man’s Crusade]
 +
*[https://bitcoinmagazine.com/7781/satoshis-genius-unexpected-ways-in-which-bitcoin-dodged-some-cryptographic-bullet/ Satoshi’s Genius: Unexpected Ways in which Bitcoin Dodged Some Cryptographic Bullets] ''- 2013 article by Vitalik Buterin''
 +
*[https://bitcointalk.org/index.php?topic=137.0 The original 10,000 bitcoin pizza thread :-)]
 +
 +
== Related news ==
 +
*05 Feb 2019: [https://www.trustnodes.com/2019/02/05/mt-gox-trustee-sold-500-million-worth-of-bitcoin-on-exchanges-says-new-court-evidence MT Gox Trustee Sold $500 Million Worth of Bitcoin on Exchanges Says New Court Evidence]
 +
*19 Jan 2019: [https://cointelegraph.com/news/total-value-of-bitcoin-sent-to-darknet-markets-increased-by-70-in-2018-report Darknet report] ''- more coin enters darknet, but is down as a proportion of total bitcoin''
 +
*03 Jan 2019: '''Happy Birthday Bitcoin!!!''' ''- the [https://www.blockchain.com/btc/block/000000000019d6689c085ae165831e934ff763ae46a2a6c172b3f1b60a8ce26f genesis block] was created 10 years ago today!''
 +
*14 Aug 2018: [https://www.nasdaq.com/article/trouble-on-the-horizon-what-last-weekends-ruckus-means-for-bitmains-ipo-cm1007713 Trouble re Bitmain's IPO?] ''- Bitmain's BTC and BCH holdings freak investors''
 +
*07 Jul 2018: [https://medium.com/@nopara73/wasabi-privacy-focused-bitcoin-wallet-for-desktop-3962d567045a Wasabi wallet alpha released] ''- strong provacy for bitcoin almost landed''
 +
*19 Jun 2018: [https://bitcoinmagazine.com/articles/clearing-misconceptions-how-tether-should-and-does-work/ Some clarity on the Tether fiasco] & [https://www.coindesk.com/tether-review-claims-crypto-asset-fully-backed-theres-catch/ Tether Review Claims Crypto Asset Fully Backed – But There's a Catch]
 +
*02 Jan 2018: [https://bitcoinmagazine.com/articles/how-bulletproofs-could-make-bitcoin-privacy-less-costly/ BulletProofs could make bitcoin privacy less costly]
 +
*20 Dec 2017: [http://surlybull.com/coinbase-bitcoin-cash-cryptocurrency/ Coinbase and Bitcoin Cash Scheme Damages Trust in Cryptocurrency]
 +
*09 Dec 2017: [http://www.zerohedge.com/news/2017-12-09/new-cme-bitcoin-futures-and-goldman-sachs-connection New CME Bitcoin Futures And The Goldman Sachs Connection]
 +
*06 Dec 2017: [https://medium.com/@lightning_network/lightning-protocol-1-0-compatibility-achieved-f9d22b7b19c4 Lightning network protocol compatibility achieved!]
 +
*29 Nov 2017: '''[[BTC shoots past $10,000 today!]]'''
 +
*23 Aug 2017: [https://bitcoinmagazine.com/articles/long-road-segwit-how-bitcoins-biggest-protocol-upgrade-became-reality/ The long road to SegWit] ''- SegWit activated today, here's a brief history of how it came about''
 +
*15 Jul 2017: [https://medium.com/@lukedashjr/the-segwit-2x-beta-review-and-thoughts-ca480694a8c7 Bitcoin core dev Luke Dashjr examines segwit2x code and reports his findings in plain English]
 +
*03 Jul 2017: [https://bitcoinmagazine.com/articles/countdown-segwit-these-are-dates-keep-eye/ Countdown to segwit] ''- key dates to keep an eye on''
 +
*22 May 2017: [https://lists.linuxfoundation.org/pipermail/bitcoin-dev/2017-May/014360.html ShaolinFry on the recent Silbert scaling agreement]
 +
*08 Apr 2017: [https://bitcoinmagazine.com/articles/latest-twist-block-size-debate-called-uasf/ The Latest Twist to the Block Size Debate Is Called a "UASF"] ''- see also Shaolin Fry's [https://www.mail-archive.com/bitcoin-dev@lists.linuxfoundation.org/msg04703.html discussion thread] on BitcoinDev''
 +
*29 Mar 2017: [https://bitcoinmagazine.com/articles/bitcoin-unlimited-miners-may-be-preparing-51-attack-bitcoin/ Bitcoin Unlimited Miners May Be Preparing a 51% Attack on Bitcoin]
 +
*20 Jan 2017: [https://bitcoinmagazine.com/articles/why-financial-privacy-about-more-using-bitcoin-buy-drugs-internet/ Why Financial Privacy Is About More Than Using Bitcoin to Buy Drugs on the Internet]
 +
*14 Jan 2017: [http://www.zerohedge.com/news/2017-01-14/chinas-bitcoin-exchanges-suspend-margin-trading China's largest bitcoin exchanges suddenly suspend margin trading]
 +
*01 Jan 2017: '''BTC over $1,000 again - first time since December 2013!!!'''
 +
*26 Oct 2016: [https://bitcoinmagazine.com/articles/with-tumblebit-bitcoin-mixing-may-have-found-its-winning-answer-1477423607 TumbleBit] ''- a mixing protocol that extends CoinSwap ([https://eprint.iacr.org/2016/575.pdf paper], [https://github.com/BUSEC/TumbleBit code], [https://medium.com/@nopara73/introducing-hiddenwallet-full-block-spv-tumblebit-wallet-testing-release-1054a15a9bb1 TumbleWallet])''
 +
*28 Sep 2016: [https://bitcoinmagazine.com/articles/bitcoin-returns-to-its-cypherpunk-roots-an-interview-with-lupt-k-and-sip-of-hackers-congress-paraleln-polis-1475087856 Bitcoin Returns to Its Cypherpunk Roots: An Interview With Lupták and Sip of Hackers Congress Paralelní Polis]
 +
*25 Aug 2016: [http://www.coindesk.com/bitcoin-privacy-advances-first-coinshuffle-transaction/ Bitcoin Privacy Tool "CoinShuffle" Sees First Transaction]
 +
*24 Jun 2016: [https://bitcoincore.org/en/2016/06/24/segwit-next-steps/ Segregated Witness next steps]
 +
*08 Jun 2016: [https://bitcoinmagazine.com/articles/bip-the-end-to-end-encryption-bitcoin-never-had-but-soon-will-1465401187 About BIP 151] ''- encrypting traffic between nodes''
 +
*05 Mar 2016: [https://fixingtao.com/2016/03/bitcoin-keep-calm-and-rbfcpfp-on/ Bitcoin! Keep Calm And RBF/CPFP On!]
 +
*02 Mar 2016: [https://github.com/bitcoin/bitcoin/issues/7633 Bitcoin core upgrade leaves many transactions, even from exchanges, in limbo due to fee too low!]
 +
*26 Feb 2016: [http://hackingdistributed.com/2016/02/26/how-to-implement-secure-bitcoin-vaults/ How to implement secure bitcoin vaults]
 +
*26 Feb 2016: [https://bitcoincore.org/en/2016/02/26/zero-knowledge-contingent-payments-announcement/ The first successful Zero-Knowledge Contingent Payment]
 +
*23 Feb 2016: [http://www.ibtimes.co.uk/mining-giant-btcc-talks-about-road-ahead-bitcoin-following-failed-coup-1545317 BTCC COO talks about the road ahead] ''- whew, looks like all the hostile takeovers are finally history!''
 +
*14 Jan 2016: [http://www.nytimes.com/2016/01/17/business/dealbook/the-bitcoin-believer-who-gave-up.html A Bitcoin Believer’s Crisis of Faith] ''- Mike Hearn leaves bitcoin core development and [https://medium.com/@octskyward/the-resolution-of-the-bitcoin-experiment-dabb30201f7#.21fejtv7h slams the door] on the way out''
 +
**[https://fixingtao.com/2016/01/point-by-point-response-to-mike-hearns-final-bitcoin-post/ More to this than meets the eye?] ''- point-by-point refutation of Hearn's departing rant''
 +
**[https://github.com/bitcoin/bitcoin/pull/6364 Github comments re Hearn's Tor blacklist commit] ''- looks very similar to Wikipedia talk pages responding to corporate vandals''
 +
**[https://medium.com/@tradertimm/hearn-big-bank-bitcoin-bully-c61531c082e GCHQ too?!]
 +
**[https://medium.com/@vcorem/lesson-learned-from-the-classic-coup-attempt-or-why-core-needs-to-prepare-a-gpu-only-pow-6a9afe18e4b0#.4h9s0qo7s Very good analysis of the classic/core dichotomy, and a likely lay of the land if classic succeeds]
 +
 +
== Segwit2X and BCash ==
 +
*[https://bitcoinmagazine.com/articles/now-segwit2x-hard-fork-has-really-failed-activate/ Even if it happened, it wouldna!]
 +
*[https://medium.com/@jimmysong/segwit2x-post-mortem-divorce-of-crypto-austrians-and-crypto-keynesians-87960b11ce4c 2X postmortem by Jimmy Song]
 +
*[https://lists.linuxfoundation.org/pipermail/bitcoin-segwit2x/2017-November/000685.html RIP 2X!!!]
 +
*[https://medium.com/@dexx/debunking-three-misconceptions-about-segregated-witness-3bbf55c6f4de Debunking misconceptions about segwit]
 +
*[https://blockstream.com/2017/07/31/segwit-myths-debunked.html Blockstream's debunking]
 +
*[https://hackernoon.com/why-the-brazilian-and-argentinian-bitcoin-communities-oppose-segwit2x-801edc213af8 Why the Brazilian and Argentinian Bitcoin communities oppose SegWit2x]
 +
*[https://medium.com/@BHBnetwork/bhb-network-official-statement-on-the-proposed-segwit2x-hard-fork-d77b32e0bae3 BHB official statement on 2X]
 +
*[https://medium.com/@lukedashjr/the-segwit-2x-beta-review-and-thoughts-ca480694a8c7 Bitcoin core dev Luke Dashjr examines segwit2x code and reports his findings in plain English]
 +
*[https://bitcoincore.org/en/2017/08/18/btc1-misleading-statements/ Core correcting misleading statements by segwit2X]
 +
*[https://bitcoinmagazine.com/articles/these-international-bitcoin-communities-are-rejecting-segwit2x/ International communities against 2X]
 +
*[http://financialcryptography.com/mt/archives/001626.html Iam Grigg on Segwit]
 +
*[http://www.bitcoincashscam.com/ What is BCash?]
 +
*[https://coinsutra.com/btc-vs-bch-bitcoin-cash/ BTC vc BCH]
 +
*[https://www.reddit.com/r/Bitcoin/comments/7cnihn/psa_attack_on_btc_is_ongoing/dpraeza/ Big-block problem in a nutshell]
 +
 +
== Craig Wright throws in the towel (but not really, unfortunately he came back) ==
 +
{{quote|
 +
I’m Sorry
 +
 +
I believed that I could do this. I believed that I could put the years of anonymity and hiding behind me. But, as the events of this week unfolded and I prepared to publish the proof of access to the earliest keys, I broke. I do not have the courage. I cannot.
 +
 +
When the rumors began, my qualifications and character were attacked. When those allegations were proven false, new allegations have already begun. I know now that I am not strong enough for this.
 +
 +
I know that this weakness will cause great damage to those that have supported me, and particularly to Jon Matonis and Gavin Andresen. I can only hope that their honour and credibility is not irreparably tainted by my actions. They were not deceived, but I know that the world will never believe that now. I can only say I’m sorry.
 +
 +
And goodbye.|[http://www.drcraigwright.net/extraordinary-claims-require-extraordinary-proof/ Dr. Craig Wright]}}
 +
 +
*[https://www.stopcraigwright.com StopCraigWright.com]
 +
*[http://www.lrb.co.uk/v38/n13/andrew-ohagan/the-satoshi-affair Is Craig Satoshi or just an intricate scam?] ''- Andrew Ohagen's story about Craig Wright's "coming out" fiasco''
 +
*[https://bitcoinmagazine.com/articles/op-ed-how-many-wrongs-make-wright/ How Many Wrongs Make a Wright?] ''- Lopp's research on Wright''
 +
*[https://www.reddit.com/r/Bitcoin/comments/bcfl12/my_letter_of_legal_action_from_craig_faketoshi/ The A-Z of Faketoshi] ''- see also [https://web.archive.org/web/20160502072416/http://www.drcraigwright.net/consistency-distribution-transactions/ Bitcoin mining: consistency and the distribution of transactions], and [https://web.archive.org/web/20190117205542/https://github.com/CultOfCraig/cult-of-craig Craig's List] in web archive''
 +
*[https://bitslog.wordpress.com/2013/04/17/the-well-deserved-fortune-of-satoshi-nakamoto/ Analysis of Satoshi's addresses]
 +
*[https://weareallhodlonaut.com/ Graig taking legal action against Hodlonaut for publicly showing evidence against him]
 +
*[https://blog.wizsec.jp/2018/02/kleiman-v-craig-wright-bitcoins.html Kleiman v Craig Wright: The bitcoins that never were]
  
 
== See also ==
 
== See also ==
Line 283: Line 369:
 
*[http://cryptome.org/jya/digicrash.htm How Digicash blew everything]
 
*[http://cryptome.org/jya/digicrash.htm How Digicash blew everything]
 
*[http://wikimediafoundation.org/wiki/Answers_archive/November_2011#Finance:_Why_does_the_Wikimedia_Foundation_not_currently_accept_Bitcoin.3F Wikimedia's lame reason for not accepting bitcoin]
 
*[http://wikimediafoundation.org/wiki/Answers_archive/November_2011#Finance:_Why_does_the_Wikimedia_Foundation_not_currently_accept_Bitcoin.3F Wikimedia's lame reason for not accepting bitcoin]
*[https://bitcointalk.org/index.php?topic=82560.0 Pirate?]
+
*[https://bitcointalk.org/index.php?topic=82560.0 BitcoinTalk - PirateAt40 money laundering 2012]
 +
*[https://bitcointalk.org/index.php?topic=342.msg4508#msg4508 BitcoinTalk - Bitcoin marked for deletion on Wikipedia 2010]
 
*[http://blockchain.info/address/1ADB7fMcciUxmXsUrQnt6Se2x2Xdvvhv9m transactions to our address]
 
*[http://blockchain.info/address/1ADB7fMcciUxmXsUrQnt6Se2x2Xdvvhv9m transactions to our address]
 
*[http://bitcoincard.org/product/ Bitcoin card]
 
*[http://bitcoincard.org/product/ Bitcoin card]
 +
*[http://www.activistpost.com/2013/03/bitcoin-zerocoin-privacy-extension-to.html Bitcoin Privacy Extension to Have Backdoor for Government Snooping?]
 +
*[http://bitcloudproject.org Bitcloud]
 +
*[http://www.coindesk.com/rushwallet-delivers-fast-frictionless-login-free-bitcoin-wallets/ RushWallet Delivers Fast, Frictionless and Login-Free Bitcoin Wallets]
 +
*[http://www.blockstream.com/sidechains.pdf The Sidechains whitepaper]
 +
*[http://www.thecoinsman.com/2014/08/bitcoin/inside-one-worlds-largest-bitcoin-mines/ Inside a Chinese Bitcoin mine], and [http://www.thecoinsman.com/2014/08/bitcoin/inside-chinese-bitcoin-mine/ page 2]
 +
*[https://blockchain.info/address/1snowqQP5VmZgU47i5AWwz9fsgHQg94Fa?offset=50&filter=0# Edward Snowden's Bitcoin address]
 +
*[https://bitcoingoddess.wordpress.com/2013/03/31/generate-your-own-vanity-bitcoin-address-with-vanitygen/ Quick instructions on how to create a vanity address by Bitcoin Goddess]
 +
*[https://web.archive.org/web/20090303195936/http://bitcoin.org/ Original bitcoin.org page from web archive]
 +
*[https://lists.linuxfoundation.org/pipermail/bitcoin-dev/2015-August/010238.html Message from Satoshi in Aug 2015?]
 
*{{tag|Online transaction systems}}
 
*{{tag|Online transaction systems}}
 
*{{tag|Money}}
 
*{{tag|Money}}
 
*{{tag|Cryptocurrency}}
 
*{{tag|Cryptocurrency}}
 
*{{tag|Digital economy}}
 
*{{tag|Digital economy}}
 
== Subpages ==
 
{{#dpl:titlematch=Bitcoin/%|notnamespace=Talk}}
 
[[Category:Libre software]][[Category:Software]][[Category:Online transaction systems]][[Category:Bitcoin]]
 
  
 
== Attachments ==
 
== Attachments ==
Line 299: Line 391:
 
*[[:File:Bitcoin.pdf]]
 
*[[:File:Bitcoin.pdf]]
 
*[[:File:FBI Bitcoin report.pdf]]
 
*[[:File:FBI Bitcoin report.pdf]]
 +
[[Category:Libre software]][[Category:Online transaction systems]][[Category:Bitcoin]][[Category:Peer-to-peer]]

Revision as of 00:28, 22 May 2019

Broom icon.svg The content of this article requires cleaning up to meet OD's quality standards. Check the wiki best practices for guidelines on improving article and categorisation quality.

Bitcoin is an open source peer-to-peer electronic cash system that's completely decentralised, with no central server, trusted authorities or middle men. The availability of bitcoins can't be manipulated by governments or financial institutions.

Bitcoin is the first truly decentralised currency and has paved the way for hundreds more to compete together in Cipherspace over the coming years. This is one of the key factors in the transition of global society into the post-nation-state economy talked about in books like The Sovereign Individual and which is coming to be known by agorists as The Second Realm.

The value of the bitcoin approximately depends on the size of the network, and essentially gives you a 1 / 21000000 share in the value that can come out of this network and its ability to facilitate trade. When gold was the dominant currency, it seemed that it represented physical value while bitcoin is a looking glass that shows us what money really is: social value.

Bitcoin is the first online currency to solve the so-called “double spending” problem without resorting to a third-party intermediary. The key is distributing the database of transactions across a peer-to-peer network. This allows a record to be kept of all transfers, so the same cash can’t be spent twice–because it’s distributed (a lot like BitTorrent), there’s no central authority. This makes digital bitcoins like cash dollars or euros: Hand them over directly to a payee, and you don’t have them any more, all without the help of a third party.

You can find a couple of good introductions to bitcoin are here and here.

How it works

In a p2p computer network there are no servers, the entire network is composed of users running instances of the application on their computers. Each running instance offers a small amount of processing and storage resource to the network so that it can deliver the services it was designed for such as redundant storage, anonymity or voice-over-IP applications.

In the case of a p2p currency system, some of the services the network is designed to offer are privacy, verification, authentication, currency creation and transfer of ownership. To ensure a reliable and tamper-proof system requires a lot of resource, and that amount is proportional to the amount of coins in the network. The network is able to pay the users for the resource they offer by making the coin-creation process part of the network protocol itself instead of being handled by a central trusted authority. This creates a natural and incorruptible link between the supply of currency in the network and the demand for it.

Even aside from the ability to exchange bitcoins for other currencies, it still makes a very useful tool for independent organisations and groups because it allows them to trade and settle accounts amongst themselves independently and privately. It effectively gives them a "bank" that has a trustworthy system of accounts that can't be tampered with and requires no corruptible central authority to operate. See the following links for more detailed information about how it works.

Bitcoin was born on January 3rd, 2009, at 6:15PM Greenwich Mean Time, which is when Satoshi Nakamoto mined the first 50 coins, known as the "genesis block."

The Bitcoin Wallet

The term "wallet" is actually a little bit misleading because the information representing coins and transactions are actually stored throughout the entire network (in the blockchain), not in the wallets. The wallet actually stores private keys that give the wallet-holder the ability to spend coins in the network that are confirmed as being currently associated with one of your private keys. A bitcoin address that you show to other people in order for them to send you money is the public half of one of the private keys in your wallet.

This means that it's very important to back up your wallet and to remember the password you've locked it with, because if you lost access to your wallet you'd no longer have control over any of the coins in the network that are associated with your addresses. You must back up your wallet whenever you create a new address, but there's no need to back up your wallet every time you receive new coins, because these are not stored in your wallet. For example, you could have a bitcoin wallet on a computer that's never been connected to the network and be paid into that wallets address for years before you got around to connecting it and checking your balance.

Note: these days there are deterministic wallets available which allow you to backup your wallet with a single password or phrase, and you don't need to create a new backup even when new addresses are created in your wallet.

Bitcoin stats, charts & tools

Bitcoins working/funding

Other projects on the blockchain

It has been a hot debate for years amongst the bitcoin developers as to whether or not the blockchain should allow the storage of data not related specifically to bitcoins. Even Satoshi himself weighed in on this debate saying that,

Quote.pngPiling every proof-of-work quorum system in the world into one dataset doesn't scale. Bitcoin and BitDNS can be used separately. Users shouldn't have to download all of both to use one or the other. BitDNS users may not want to download everything the next several unrelated networks decide to pile in either.
— Satoshi Nakamoto

Eventually projects started to store custom data in the blockchain in exotic ways which began to bloat the blockchain, so the developers in mid 2014 added the OP_RETURN opcode to the official set of executable codes which allows 40 bytes of custom data to be added to transactions. With OP_RETURN, Bitcoin's long-running debate over acceptable uses of the block chain has received some much needed clarity. Applications can now inexpensively add a 40 byte data payload to transactions using the OP_RETURN script function. On a technical level, OP_RETURN doesn't enable anything that wasn't previously possible. Instead, OP_RETURN provides a standard interface through which new services can potentially be layered onto the block chain, and a central point of focus for future work on integration tools.

Here's a list of various projects and ideas that extend the functionality available in the blockchain.

Further reading on bitcoin

Economics & Liberty articles

Other sites about Bitcoin

How bitcoin can help the world

Interesting articles about Bitcoin

Related news

Segwit2X and BCash

Craig Wright throws in the towel (but not really, unfortunately he came back)

Quote.png

I’m Sorry

I believed that I could do this. I believed that I could put the years of anonymity and hiding behind me. But, as the events of this week unfolded and I prepared to publish the proof of access to the earliest keys, I broke. I do not have the courage. I cannot.

When the rumors began, my qualifications and character were attacked. When those allegations were proven false, new allegations have already begun. I know now that I am not strong enough for this.

I know that this weakness will cause great damage to those that have supported me, and particularly to Jon Matonis and Gavin Andresen. I can only hope that their honour and credibility is not irreparably tainted by my actions. They were not deceived, but I know that the world will never believe that now. I can only say I’m sorry.

And goodbye.
Dr. Craig Wright

See also

Attachments