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In conclusions I believe that Bitcoins have the potential to be a powerful and influential world currency. They have to rid themselves of there bad reputation and focus on growth and transactions.

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Check out this word doc with  the following questions answered.

1.What did you learn about the topic that most surprised you?

2. Provide a real life example of how this topic is relevant or interesting for you.

3.Which research did you find most interesting? Why?

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Lamborghini was the first car company to accept Bitcoins as a payment for cars. The first transaction was reported to be over two hundred thousand dollars of the digital currency.

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The silk road is an illegal website on the deep web that is used to solicit
drugs and various other illegal activity. It accepts Bitcoins as its form of payment to avoid government tracking. 45% of Bitcoins economy was made up in the silk road. Too bad it was shut down. Shady stuff!

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Wikileaks accepts Bitcoins only, as it is a non-governmental currency. Its untraceable payments make a great currency for shady operations. Bitcoins are bound by no borders or laws.

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http://money.cnn.com/infographic/technology/what-is-bitcoin/
Check out this article by CNN. It goes over all the ins and outs of Bitcoins, outlining the upsides and disadvantages. Click the ling for more!

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https://bitcoin.org/en/
If you really want to learn about Bitcoins here is the real thing. This is the official site for Bitcoins and it will give you everything you need to know. Also you can get started with them right here.

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https://blockchainedu.org/learn/?gclid=CKiAsd_bqNACFQ4uaQodPIoATw
Check out this website for more information about bitcoins. Really interesting stuff and super informative. Lets you know everything you need to about bitcoins and more. Check it out!

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Mining is a payment system that is used to confirm waiting transactions by including them in the statistics. It enforces an order, protects the neutrality of the network, and allows different computers on the system. To be confirmed, transactions must be packed in a block that fits very strict encrypted rules that will be verified by the network. These rules prevent previous blocks from being modified because doing so would invalidate all following blocks. Mining also creates the equivalent of a competitive lottery that prevents any individual from easily adding new blocks consecutively in the block chain.
https://www.youtube.com/watch?v=GmOzih6I1zs

This short video describes everything I explained in the previous post. This video is a simplified version making it easier to learn. Check it out!

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Satoshi Nakamoto is the name used by the creator who designed bitcoin and created its original currency Bit Core Their real identity remains unknown. Nakamoto released the first bitcoin software that launched the network called bitcoins.The programmer understood the nature of their currency which is why their identity remains unknown. The bypassing of banks and government is included in the first sentence of their paper. As of 2012, Nakamoto claimed to be a 37-year-old Japanese male. Some speculated he was unlikely to be Japanese due to his perfect use of the English language and the currency not being documented or labelled in Japanese.

https://www.youtube.com/watch?v=Gc2en3nHxA4

This is a great video on Bitcoins and how they work. They also cover how they are used. Check it out if you would like to learn more about them. The video is short and informative.

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Bitcoin is a cyber currency and a payment system invented by an unidentified programmer, or group of programmers, under the name of Satoshi Nakamoto. Bitcoins are used as a payment in which users offer their computing power to verify and payment in bitcoin transactions. This activity is referred to as mining and miners who are successful are rewarded with transaction fees and newly created bitcoins.

Check out this awesome video outlining all the facts you NEED TO KNOW about Bitcoins. It also goes over some cool stuff you may not have learned anywhere else. Check it out!
https://www.youtube.com/watch?v=2UC_8NdR1To

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Hello all.
This is Assignment 2 for Money Matters GNED. In this pallet over the coming weeks I will explain and cover everything you need to know about Bitcoins the mysterious currency.
Stay tuned!