The Intro to Intro of Bitcoin -(Episode #3)

bitcoin intro pic LFP

This is going to be the 1st Bitcoin podcast of a series I will be doing explaining Bitcoin. Because of the technical nature of this subject, I decided to do several podcasts that will grow in their complexity as I try and do my best to outline all of the aspects of Bitcoin and the platform that powers it. I will be doing an overview/recap of this podcast in the next podcast to sort of solidify what I was trying to say in this podcast. Here are some links that I said I would provide in this show.

 

—– LINKS FROM THE SHOW——

As I explained, Bitcoin has no CEO or stock and is not a corporation or company. Also Newsweek did not unmask the creator of Bitcoin. The media seems to get this wrong time and time again. I’m not sure if its a coordinated misinformation campaign or if its just plain ignorance. In any case shame on these media outlets for putting out erroneous information…

Bitcoin “CEO”

Bitcoin’s “stock”

Newsweek unmasks creator of Bitcoin

Here is the wiki to the notorious failed Bitcoin exchange in Japan named MTGOX

MTGOX exchange wiki

Here is the wiki page to the notorious darknet marketplace Silk Road which has since been shut down, both 1 and 2. Having said that, there are many others and we will talk about them in future podcasts when we outline Tor networks and Tor onion routers.

Silk Road marketplace

Here is the wiki page of the real alleged creator of Bitcoin.

Satoshi Nakamoto

Here is the link to the official Bitcoin whitepaper.

Bitcoin whitepaper

Just for fun, here is an example of someone mining or solving blocks for a bitcoin reward on paper. Sort of gives you an idea of what all these computers are computing to mine bitcoins.

Mine bitcoins on paper

 

 

Getting started with Bitcoin. Here are some of the services I personally use on a daily/weekly basis.

Circle Financial – Buying Bitcoin with a credit card

Coinbase – Buying Bitcoin by connecting your bank account using Coinbase (one of the most trusted exchanges) This is what I have used for years. I still buy every 2 weeks with these guys.

Mycelium Bitcoin wallet app – Here is my favorite mobile bitcoin wallet for my Galaxy 5 phone.

Blockchain.info – Here is where I recommend keeping your online Bitcoins. This is also the place where you can look at all of the Bitcoin transactions happening in real time around the world!

If you want to follow the price of Bitcoin here is a really good price ticker that I like to use. Unfortunately this price ticker shows the ratio of USD to milibitcoin or mBTC as a default. So either go into “preferences” at the top right and select under “bitcoin unit” to “BTC” or just image the decimal place moved over to the right 3 places.

Bitcoinity

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9 thoughts on “The Intro to Intro of Bitcoin -(Episode #3)

  1. Can I just say what a relief to find someone who actually knows what theyre talking about on the internet. You definitely know how to bring an issue to light and make it important. More people need to read this and understand this side of the story. I cant believe youre not more popular because you definitely have the gift.

  2. Hey there! I just wanted to ask if you ever have any problems with hackers? My last blog (wordpress) was hacked and I ended up losing a few months of hard work due to no back up. Do you have any solutions to prevent hackers?

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