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How to Understand Bitcoin in Less Than 3 Minutes

How to Understand Bitcoin in Less Than 3 Minutes | Bitcoin | Scoop.it
Bitcoin is incredibly confusing! We're here to help you understand it.

Via Greg Aurand
CoinX's insight:

3 min or Less. Give it a try.

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Greg Aurand's curator insight, May 22, 2014 10:46 AM

1. Bitcoin, Like a Precious Metal Such as Gold, is Mined.
2. Bitcoins Can Be Spent
3. Bitcoin is Secure
That’s it!

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Skyhook Releases Portable, Open-Source Bitcoin ATM for Just $999

Skyhook Releases Portable, Open-Source Bitcoin ATM for Just $999 | Bitcoin | Scoop.it
Skyhook released the first ever portable, open-source bitcoin ATM machine last week, priced at just $999.
CoinX's insight:

Accessibility to the Masses

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Inflation Soars in the Bitcoin Consumer Price Index

Inflation Soars in the Bitcoin Consumer Price Index | Bitcoin | Scoop.it
In December, using bitcoin to pay for a cold Corona at New York City's Old Man Hustle bar was a smart move. With the digital currency up 64-fold for the year, patrons got lots of bitcoin bang for their beer. Bitcoin-priced goods were experiencing "massive deflation," Bloomberg Businessweek's Peter Coy wrote, as the price of real things in terms of bitcoin plummeted.
CoinX's insight:

1 Bitcoin @ $10,000 = 1667 Coronas. let me think on which would give me more joy 

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Last Week's Poll: Bitcoin Exchanges and Regulatory Oversight - newsBTC

Last Week's Poll: Bitcoin Exchanges and Regulatory Oversight - newsBTC | Bitcoin | Scoop.it
Do bitcoin exchanges require regulatory oversight?
CoinX's insight:

I'm not going to spill the beans. Read the article and find out what the vote was. 

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How Fraud Attacks on Bitcoins Are Changing

How Fraud Attacks on Bitcoins Are Changing | Bitcoin | Scoop.it
Fraudsters are finding new ways to steal Bitcoins as the crypto-currency evolves.
CoinX's insight:

Let's talk DDOS 

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Reflections on Bitcoin – 6 » patrickWeb

Reflections on Bitcoin – 6 » patrickWeb | Bitcoin | Scoop.it
CoinX's insight:

measure of success will not be the # of accounts, but rather the # of new and creative ways for the use of bitcoin

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Tech Expert Heaps Praise on Glenn Beck: ‘Humble, Self-Effacing and Down-to-Earth’

Tech Expert Heaps Praise on Glenn Beck: ‘Humble, Self-Effacing and Down-to-Earth’ | Bitcoin | Scoop.it
Jeffrey Tucker, the CEO of Liberty.me, appeared on the Glenn Beck Program Tuesday to discuss bitcoin, a new form of digital currency. After the interview, Tucker wrote an article about his experience with Beck, praising him as "humble, self effacing and down-to-earth." "I’m not a careful follower...
CoinX's insight:

"We are on the verge of something big" 

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Wisconsin politician Mark Clear drops Bitcoin donations - Watchdog.org

Wisconsin politician Mark Clear drops Bitcoin donations - Watchdog.org | Bitcoin | Scoop.it
PYMNTS.com Wisconsin politician Mark Clear drops Bitcoin donations Watchdog.org Clear, a Madison alderman running for state representative, recently returned about $100 worth of Bitcoin to a donor after learning the Government Accountability Board...
CoinX's insight:

Free market principles aren't always accepted by all. 

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A Mighty Ducks Child Star Has a Plan for Failed Bitcoin Exchange Mt. Gox

A Mighty Ducks Child Star Has a Plan for Failed Bitcoin Exchange Mt. Gox | Bitcoin | Scoop.it
Sunlot Holdings, led by former child actor Brock Pierce, is pushing Mt. Gox CEO Mark Karpeles to sell the exchange for a single Bitcoin
CoinX's insight:

Can Brock pull it off? Consumers have a greater chance of getting their funds back if he can. 

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Silicon Valley start-ups criticize state money transmission law - Los Angeles Times

Silicon Valley start-ups criticize state money transmission law - Los Angeles Times | Bitcoin | Scoop.it
Silicon Valley start-ups criticize state money transmission law Los Angeles Times The law was "expanded to keep pace with new technology while, at the same time, continuing to protect the consumer," Financial Institutions Commissioner Teveia Barnes...

Via Evemaran
CoinX's insight:

Hobbling would be an understatement. Applications still not being accepted. 

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