theriseandfallofbitcoinnov2011 – Bitcoints

bitcoin

Published on May 26th, 2017 | by bitcoin

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theriseandfallofbitcoinnov2011

Bitcoin required no faith in the politicians or financiers who had wrecked the economy—just in Nakamoto’s elegant algorithms.
How They’re Spent
Once users download the bitcoin app to their machine, spending the currency is as easy as sending an email.
He hosts The Bitcoin Show, a program on OnlyOneTV in which he plugs the nascent currency and interviews notables from the bitcoin world.
“It was bitcoin, bitcoin, bitcoin, like I was on crystal meth!”
Wagner is not given to understatement.
Others worried that bitcoin had been a Ponzi scheme, with Nakamoto its Bernie Madoff—mining bitcoins when they were worthless, then waiting for their value to rise.

Source: Www.wired.com

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