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Investing | Bitcoin simplified.

http://bitcoinsimplified.org/learn-more/investing

How To Set Up a Wallet. How To Buy Bitcoins. How To Use Bitcoins. Many individuals have used Bitcoin purely as an investment vehicle, treating it similarly to a commodity to exchange. Like any other volatile investment, this has had mixed results, but as a whole the value of a bitcoin is up about 300% of where it was 2 years ago. Recently a group of angel investors have come together to form BitAngels, a bitcoin focused investors group looking to bring small startups on to the main stage.

bitcoinsimplified.org

How To Set Up a Wallet | Bitcoin simplified.

http://bitcoinsimplified.org/get-started/how-to-set-up-a-wallet

How To Set Up a Wallet. How To Buy Bitcoins. How To Use Bitcoins. How To Set Up a Wallet. A “wallet” is basically the Bitcoin equivalent of a bank account. It allows you to receive bitcoins, store them, and then send them to others. There are two main types of wallets. A software wallet. Is one that you install on your own computer or mobile device. You are in complete control over the security of your coins, but they can sometimes be tricky to install and maintain. A web wallet. And fill out their brief...

bitcoinsimplified.org

History | Bitcoin simplified.

http://bitcoinsimplified.org/learn-more/history

How To Set Up a Wallet. How To Buy Bitcoins. How To Use Bitcoins. In 2008, Satoshi Nakamoto. Published a paper entitled. Bitcoin: A Peer-to-Peer Electronic Cash System. Which outlines the fundamental concepts that Bitcoin is built upon. In January 2009, the first block was mined and the Bitcoin client was released to the public thus creating the Bitcoin network.

bitcoinsimplified.org

Confirmations | Bitcoin simplified.

http://bitcoinsimplified.org/learn-more/confirmations

How To Set Up a Wallet. How To Buy Bitcoins. How To Use Bitcoins. Roughly every ten minutes, a new block is created and added to the blockchain. Process. This block verifies and records any new transactions. The transactions are then said to have been confirmed by the Bitcoin network.

bitcoinsimplified.org

Security | Bitcoin simplified.

http://bitcoinsimplified.org/learn-more/security

How To Set Up a Wallet. How To Buy Bitcoins. How To Use Bitcoins. Any bitcoins you might have are constantly in danger of either being stolen due to weak security or lost due to computer failure. Because of this, it is wise to keep multiple backups in very secure places. And the combination is your private keys stored in your wallet.

bitcoinsimplified.org

Anonymity | Bitcoin simplified.

http://bitcoinsimplified.org/learn-more/anonymity

How To Set Up a Wallet. How To Buy Bitcoins. How To Use Bitcoins. Bitcoin is often described as an anonymous currency because it is possible to send and receive bitcoins without giving any personally identifying information. However, achieving reasonable anonymity with Bitcoin can be quite complicated and perfect anonymity may be impossible. If your address is ever linked to your identity, every transaction will be linked to you. In the original Satoshi whitepaper. One way to increase your anonymity is t...

bitcoinsimplified.org

Definitions | Bitcoin simplified.

http://bitcoinsimplified.org/definitions

How To Set Up a Wallet. How To Buy Bitcoins. How To Use Bitcoins. A Bitcoin address is a unique string of 27-34 alphanumeric characters. An address can be created freely with the use of a wallet and always starts with a 1 or a 3. There are many different alternative currency that have sprung up based off of the idea and/or basic code of Bitcoin. A few of the more notable ones are litecoin, namecoin, PPCoin, and Ripple. To learn more about these, please visit our alternate currencies page. The public reco...

bitcoinsimplified.org

Mining | Bitcoin simplified.

http://bitcoinsimplified.org/learn-more/mining

How To Set Up a Wallet. How To Buy Bitcoins. How To Use Bitcoins. Mining is the term used for running a series of calculations on a computer to verify the transactions that take place in the Bitcoin network. About every ten minutes, a new block of transaction data is created and the miners who created the block are awarded a few bitcoins. This serves the Bitcoin network both as a system to verify transactions and as a system for fairly distributing new bitcoins. Or subscribe to our feeds ( RSS2.

bitcoinsimplified.org

How To Buy Bitcoins | Bitcoin simplified.

http://bitcoinsimplified.org/get-started/how-to-buy-bitcoins

How To Set Up a Wallet. How To Buy Bitcoins. How To Use Bitcoins. How To Buy Bitcoins. And link your bank account. Coinbase charges a low 1% fee and you receive your bitcoins as soon as the transfer from your bank account clears. Coinbase doubles as a web wallet with a mobile Android app. This allows you to easily purchase and sell bitcoins from your office, on the go, or from the comfort of your own home. Another great way to get bitcoins today is LocalBitcoins.com.

bitcoinsimplified.org

Learn More | Bitcoin simplified.

http://bitcoinsimplified.org/learn-more

How To Set Up a Wallet. How To Buy Bitcoins. How To Use Bitcoins. There is much more to learn about Bitcoin. We provide the following articles about Bitcoin-related concepts. If our information leaves your question unanswered, or you have a suggestion as to other topics we should cover, please contact us. And let us know. This project is a work in progress. We have more content and ideas that we look forward to sharing with the community. Sign up for our mailing list. Or subscribe to our feeds ( RSS2.