The short answer you already know: everyone. But, when broken down into its constituent parts, the answer becomes far more intriguing. This article is mainly a response to the many television and radio interviews I’ve watched where the host is perplexed that Bitcoin is not controlled by a central authority. Bitcoin may be the first truly democratic currency – one where decisions are made by consensus. When Satoshi Nakamoto open-sourced the bitcoin code so anyone curious enough could learn exactly how the system works, people used to looking to Ben Bernanke or Angela Merkel for guidance on currency were initially …

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A quote from bitcoin.org gives a good overview of what a wallet is. Your Bitcoin wallet is what allows you to transact with the world. It gives you ownership of Bitcoinaddresses that you can use to receive coins from other users, and then lets you send those coins onwards. Just like email, you can receive Bitcoins when you are offline and all wallets are compatible with each other. Wallet software serves two purposes: Search the block-chain for any transactions being sent to one of the addresses in your wallet, and keep a log of all bitcoin’s you’ve sent and received. Store an …

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Considering a bitcoin mining hardware purchase? Make a more informed decision with our Bitcoin Mining Dashboard. This is an introduction to the concept of bitcoin mining – the process of verifying transactions on the bitcoin network. I wanted to publish the first series of posts about the current Bitcoin mining environment, but that seems like it would be fairly challenging to do without first doing an overview of what mining is. I’ll try and keep this as short as possible, but it’s definitely the most complex aspect of the bitcoin system. This is the second part in a 4 part series …

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