Bitcoins: A Practical Primer, by Yishai
Bitcoins are a new anonymous peer-to-peer digital currency. It is truly the next big thing in how we can conduct transactions over the internet without any central clearinghouse or bank or government ‘okaying’ our transactions. I believe Bitcoins will be quite disruptive in how we all do business online. You can pay anyone directly with Bitcoins, buy products from Amazon.com in Bitcoins (through a reseller), and even take SurvivalBlog’s’ 10-cent challenge in Bitcoins! Bitcoins have an inherent value and as long as the internet is standing, are here to stay. As of this writing, 1 Bitcoin (or BTC) was selling …