A Beginner’s Guide to Bitcoin (Part 5): Technical Description – The Big Book

Previous Article   -   Next Article   -   Table of Contents Introduction This article and a few that follow attempt a description of the technical aspects of Bitcoin in fairly simple terms.  This includes a long section describing and justifying mining. We start with the big book. One Big Book A Big Paper Book Suppose that we …

A Beginner’s Guide to Bitcoin (Part 4): Problems with Bitcoin

Previous Article   -   Next Article   -   Table of Contents Even from the very brief description so far in this series of articles you can see that Bitcoin is a kind of cool and weird form of money.  However it has some very serious problems. Technical Problems Bitcoin is slow.  In fact it’s deliberately slow and …

A Beginner’s Guide to Bitcoin (Part 3): Why the Excitement?

Previous Article   -   Next Article   -   Table of Contents Bitcoin is a New Form of Money If you're reading this I expect you're aware of all the excitement surrounding Bitcoin.  Of course it's a new form of money, and that's quite interesting.  However I could issue my own money in paper form, and I suspect …

A Beginner’s Guide to Bitcoin (Part 2): Bitcoin vs Money

Previous Article   -   Next Article   -   Table of Contents Bitcoin Overview Basics As I've already said I'm not assuming you know anything about Bitcoin.  To get started, below is a high level overview of the basics of Bitcoin and how payments in our new money are processed.  You may well know some of this already. …