iBankCoin
CAPS LOCK IS CRUISE CONTROL FOR AWESOME
Joined May 7, 2012
131 Blog Posts

Introduction to Bitcoin

For those of you interested in a primer on Bitcoin here are two great resources. I’ll answer any questions the best I can.

First, here is a speech (video and text transcription) by Andreas Antonopolous on Bitcoin. He wrote Mastering Bitcoin and The Internet of Money.

Andreas hits on several comparisons for Bitcoin including: the earliest writings were spreadsheets (a primitive blockchain), the next generation won’t understand 3-5 days to clear a banking transaction, the network effect, Bitcoin security (be your own bank) and also that money gets created in every social circle. Even Kindergartners. And yes, some of them eventually figure out how to take the other kid’s money.

Second is a link on Zerohedge from Raoul Pal. There are some incredible claims made in that article including Bitcoin at $1,000,000 per coin. It’s still a good read.

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