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Bitcoin for Beginners

Like it or not. Believe it or not. The Bitcoin story sure is interesting. On FEE (Foundation for Economic Education) we could read yesterday about Bitcoins; it’s origin and how it works.

“Finally it happened. In 2008, a person called “Satoshi Nakamoto” created  Bitcoin. He wasn’t the first to solve the problem of double spending. A currency  called e-gold did that, but the flaw was that there was a central entity in  charge that users had to trust. Bitcoin removed this central point of failure,  enabling miners themselves constantly to validate the transaction record. He had  each user download the full ledger of all existing Bitcoins so that each could  be checked for its title and not used more than once at the same time. With his  system, every coin had an owner, and the system could not be gamed.”

Read the complete article at FEE here.

# Here you can see WHY it’s crucial to own physical gold & silver now, and HOW you can buy [and sell] it.

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Please Note: This article is to inform your thinking, not lead it. Only you can decide the best place for your money, and any decision you make will put your money at risk. Information or data included here may have already been overtaken by events – and must be verified elsewhere – should you choose to act on it.


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