Tag Archives: internet commerce
Bitcoins and the landscape of internet commerce
In a previous post, I’d laid out the technical details of what goes into mining and transacting with bitcoins (BTC). My original idea was to talk about why they are an important invention, but also felt that the technology mattered enough … Continue reading
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Tagged bitcoins, crypto-currency, deflation, democracy, fiat currencies, internet commerce, taxation
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Trying to understand bitcoins
In a 2008 paper, a Japanese programmer, Satoshi Nakamoto, introduced an alternate form of currency that he called bitcoins. His justifications were the problems plaguing contemporary digital commerce. In Nakamoto’s words: “Completely non-reversible transactions are not really possible, since financial institutions cannot … Continue reading
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Tagged application-specific integrated circuits, bitcoins, crypto-currencies, cryptography, field-programmable gate arrays, internet commerce, SHA-256
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