ELI5: How can I buy Bitcoin?
There are many options when it comes to buying Bitcoin. You can buy it directly from friends, on what's generally known as over the counter (OTC) trade. Or you can buy BTC from ex...
Early Bird Gets the Bitcoin!
An 11 year old author has attracted the attention of the cryptocurrency world with a new book entitled Early Bird Gets The Bitcoin: The Ultimate Guide To Everything About Bitcoin
ELI5: What is Crypto Anarchism?
Crypto Anarchism is a political ideology which advocates the use of strong cryptography as an instrument for the promotion of Anarchy, including unrestricted personal freedoms and...
Does cloud mining make financial sense?
Remember the Old West, when naive speculators often bought maps to gold mines hoping for quick riches?
Today, the basic question cowboys used to ask themselves still makes sens...
ELI5: What is the Bitcoin “mempool”?
You may have heard the term "mempool" a lot recently, especially during the recent attacks on the Bitcoin network when the number of unconfirmed transactions rise a lot, fueling r...
ELI5: What is a BIP?
As SegWit gains adoption, you may have heard the term "BIP 141" in online discussions. What does BIP mean? And what is that number next to it?
Bitcoin is a community-run techno...
Is blockchain just a glorified database?
The blockchain is a special kind of database that has the property of being immutable and tamper proof. This makes it suitable for high security applications such as banking, logi...
Who is Genesis Mining?
Genesis Mining is a cryptocurrency mining company founded in 2013.
The company runs the Enigma mining farm in Iceland (since 2014) and the Thor mining farm in Sweden (since 201...
How to buy Bitcoin near me?
If you feel insecure about purchasing Bitcoin through virtual channels, a personal contact can go a long way in helping you break through the toughest barrier for new crypto investors: making the first Bitcoin purchase! The main issue faced by newbies is to wrap their head around the fact that Bitcoin is 100% virtual. You […]
DON’T use Paypal for cryptocurrency purchases [Early 2020 article]
November 2020 Update In late October 2020, Paypal updated their policy to allow cryptocurrency purchases. The payments processor also updated their Terms and Conditions to explicitly accommodate cryptocurrency trading. As such, most of our original advice no longer applies. We’ve decided to leave the original text untouched for historical purposes, since, for the past 11+ […]
Are cloud mining contracts considered securities? Do they satisfy the Howey Test?
The iconic 1946 SCOTUS case of SEC vs Howey established a few simple criteria for what, exactly, constitutes a security. Quoting Findlaw verbatim: Per the Howey Test, an asset is a security if: It is an investment of money There is an expectation of profits from the investment The investment of money is in a […]
Coinbase is a US-based cryptocurrency exchange. May also refer to the first transaction in a block, from which the mining rewards are paid.
Localbitcoins was a P2P cryptocurrency enabler. Users trade cryptocurrency between each other using Localbitcoins' regional listings. In February 2023, LocalBitcoins announced it was shutting down.
Online payments processor which used to disallow cryptocurrency purchases. In 2020 Paypal updated their policy to allow crypto trading.
Cipherpunks or cypherpunks are individuals who believe in cryptography as a tool to promote privacy and individual sovereignty. Cipherpunk ideals can be identified at the early roots of cryptocurrency development.
Cryptocurrency mining using cloud-hosted infrastructure. Usually, mining power contracts are sold by terahash-hours or dedicated mining machine colocation pricing.
Contracts which guarantee a certain allocation of cryptocurrency mining machine time, hashrate or physical space for machine co-location at a mining facility. Usually refers to cloud mining hashrate allocations.
The field of cryptography which leverages quantum physics as its underlying computing model.
In a P2P network such as Bitcoin, the mempool is the aggregate collective memory of all nodes in the network. The mempool is where cryptocurrency transactions wait to be mined. Mempool growth serves as a measure of network congestion. Too many transactions waiting in the mempool means there's high activity on the network at the time.