Bitcoin

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* [http://translate.google.com/translate?sl=auto&tl=en&js=n&prev=_t&hl=en&ie=UTF-8&u=http%3A%2F%2Fwww.nrk.no%2Fokonomi%2Fkjopte-bolig-for-internettpenger-1.11314773&act=url Person gets windfall from Bitcoins he forgot he owned; bought for $24 and sold for around $1 million]
 
* [http://translate.google.com/translate?sl=auto&tl=en&js=n&prev=_t&hl=en&ie=UTF-8&u=http%3A%2F%2Fwww.nrk.no%2Fokonomi%2Fkjopte-bolig-for-internettpenger-1.11314773&act=url Person gets windfall from Bitcoins he forgot he owned; bought for $24 and sold for around $1 million]
 
* [http://www.cracked.com/video_18673_what-nobody-seems-to-understand-about-bitcoin.html What nobody seems to understand about Bitcoin (Cracked video)]
 
* [http://www.cracked.com/video_18673_what-nobody-seems-to-understand-about-bitcoin.html What nobody seems to understand about Bitcoin (Cracked video)]
 +
* [http://www.businessinsider.com/bitcoin-exchange-gbl-holding-41-billion-vanishes-2013-11 A Bitcoin Exchange Holding $4.1 Million For 1,000 Customers Has Simply Vanished]

Revision as of 00:01, 13 November 2013

File Format
Name Bitcoin
Ontology
Released 2009

Bitcoin is an "alternative currency" that is generated electronically with no central authority, with a loosely-connected set of network nodes engaged in "minting" coins by solving difficult mathematical computations, validating such newly-created "coins", and storing transactions involving them. This is all accomplished algorithmically.

A bitcoin, and its associated transactions, can be represented in various ways, even including actual physical metal coins if you can believe the picture in the Wikipedia article. A binary format is defined in the Bitcoin technical specs, but archived Bitcoin blocks in the "Block Explorer" site are displayed in a JSON-based format (served as text/plain).

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