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INTRODUCTION TO THE SOCIAL SCIENCES DIGITAL TEXTBOOK(PSYCHOLOGY-ECONOMICS-SOCIOLOGY):MIKE BUSARELLO
“In the business world, the rearview mirror is always clearer than the windshield.” Warren Buffet
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How Does Bitcoin Mining Work?: Video

How Does Bitcoin Mining Work?: Video | INTRODUCTION TO THE SOCIAL SCIENCES DIGITAL TEXTBOOK(PSYCHOLOGY-ECONOMICS-SOCIOLOGY):MIKE BUSARELLO | Scoop.it
July 24 (Bloomberg) –- Bitcoin mining is the complicated process through which new bitcoins are made. So how does it work? Bloomberg and Switch-Video explain. (Source: Bloomberg) (VIDEO: How does Bitcoin mining work?

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50 Fascinating Facts About Bitcoin | Zero Hedge

We have previously illustrated how a Bitcoin transaction works, and the history of the virtual currency, However, we thought that this infographic neatly covered many interesting bitcoin facts in a digestable form.

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Bitcoin: The opportunity costs of mining for money - The Week Magazine

Bitcoin: The opportunity costs of mining for money - The Week Magazine | INTRODUCTION TO THE SOCIAL SCIENCES DIGITAL TEXTBOOK(PSYCHOLOGY-ECONOMICS-SOCIOLOGY):MIKE BUSARELLO | Scoop.it

Everything we do and every choice we make has an opportunity cost. In a world of scarce time and resources each choice necessarily means rejecting many other possible opportunities. One of the best illustrations of this concept was made by President Eisenhower in a 1953 speech. Eisenhower criticized the use of scarce resources for military purposes because of the opportunity cost:


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Value of virtual currency bitcoin skyrockets

Value of virtual currency bitcoin skyrockets | INTRODUCTION TO THE SOCIAL SCIENCES DIGITAL TEXTBOOK(PSYCHOLOGY-ECONOMICS-SOCIOLOGY):MIKE BUSARELLO | Scoop.it

The bitcoin bulls went on the charge last week, sending the price for one unit of the virtual currency towards the US$1,000 landmark after American lawmakers showed a willingness to lend legitimacy to digital cash.

 

 


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Bitcoin's tipping point - Fortune

Bitcoin's tipping point - Fortune | INTRODUCTION TO THE SOCIAL SCIENCES DIGITAL TEXTBOOK(PSYCHOLOGY-ECONOMICS-SOCIOLOGY):MIKE BUSARELLO | Scoop.it

The four-year-old virtual currency was once dismissed as something of a fad that only gangsters and drug dealers used, but in recent weeks, it has found new sources of credibility. 


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Why Isn't Bitcoin Interesting To Leading Economists? - Forbes

Why Isn't Bitcoin Interesting To Leading Economists? - Forbes | INTRODUCTION TO THE SOCIAL SCIENCES DIGITAL TEXTBOOK(PSYCHOLOGY-ECONOMICS-SOCIOLOGY):MIKE BUSARELLO | Scoop.it


(Requiring taxes be paid in a currency is a great way to prop up its value.) But Bitcoin is far from the only example, and the theory of bubbly assets is well-developed.


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What is a Bitcoin? - KCUR

What is a Bitcoin? - KCUR | INTRODUCTION TO THE SOCIAL SCIENCES DIGITAL TEXTBOOK(PSYCHOLOGY-ECONOMICS-SOCIOLOGY):MIKE BUSARELLO | Scoop.it


BitCoin is a currency invented not by a government, or a large bank, but by a select few individuals. BitCoins have no government backing, no tie to any precious metal and are entirely unregulated.


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Baffled By Bitcoin? You're Not Alone

To crack the cryptocurrency's complexities, Hong Kong hosted the city's first Inside Bitcoins conference. The WSJ's Ramy Inocencio meets Bobby Lee, CEO of BTC China, the country's biggest bitcoin exchange.


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How to Explain Bitcoin to Your Mom!

How to Explain Bitcoin to Your Mom! | INTRODUCTION TO THE SOCIAL SCIENCES DIGITAL TEXTBOOK(PSYCHOLOGY-ECONOMICS-SOCIOLOGY):MIKE BUSARELLO | Scoop.it
A guide to the system of virtual currency. (My mom was a futures trader, thanks.

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Bitcoins: Widely known and widely misunderstood - Los Angeles Times

Bitcoins: Widely known and widely misunderstood - Los Angeles Times | INTRODUCTION TO THE SOCIAL SCIENCES DIGITAL TEXTBOOK(PSYCHOLOGY-ECONOMICS-SOCIOLOGY):MIKE BUSARELLO | Scoop.it

Some people think of bitcoins as investment vehicles. Others see them as weapons against nefarious central banks. Both impressions are certainly wrong.


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Bitcoin Bubble: Senate Holds A Hearing On Virtual Currency - The Inquisitr

Bitcoin Bubble: Senate Holds A Hearing On Virtual Currency - The Inquisitr | INTRODUCTION TO THE SOCIAL SCIENCES DIGITAL TEXTBOOK(PSYCHOLOGY-ECONOMICS-SOCIOLOGY):MIKE BUSARELLO | Scoop.it

The Bitcoin market price has been fluctuating all over the map, hitting $400 last week to rise all the way up to $900. This has some people concerned about a potential Bitcoin bubble that could pop at any moment, similar to how the housing bubble collapsed once people realized how much prices were overinflated. But that doesn’t mean Bitcoin will never be a successful alternative currency. The question is where does the speculation end and the real usage begin?

 


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Authorities said they see the benefits of bitcoin, pushing prices to a record

Authorities said they see the benefits of bitcoin, pushing prices to a record | INTRODUCTION TO THE SOCIAL SCIENCES DIGITAL TEXTBOOK(PSYCHOLOGY-ECONOMICS-SOCIOLOGY):MIKE BUSARELLO | Scoop.it
Senior U.S. law-enforcement and regulatory officials said they see benefits in digital forms of money. The price of bitcoin, the most common virtual currency, soared to a record following the comments.

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‘China’s Google’ begins accepting Bitcoin

‘China’s Google’ begins accepting Bitcoin | INTRODUCTION TO THE SOCIAL SCIENCES DIGITAL TEXTBOOK(PSYCHOLOGY-ECONOMICS-SOCIOLOGY):MIKE BUSARELLO | Scoop.it
China’s largest search engine Baidu - also known as the “Google of China” – has become the first service of its kind to accept the crypto-currency Bitcoin.

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