Author Archives: Mr. Bitcoin

Where to Buy Bitcoins and Where to Spend Them

There is a slight difference between how to buy bitcoins and where to buy them. How to is all about the wallet and exchanges and the typical sources. Where to buy bitcoins digs a little deeper into some of the alternatives to exchanges and setting up your own shop that takes bitcoins. Some larger areas…

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Should You Invest in Bitcoin?

Should you invest in Bitcoin? Surely, there’s other ways you can earn Bitcoin. While there are a number of ways you obtain Bitcoin, this article isn’t discussing how to buy Bitcoin. People are looking for a good and fast way to grow their money. Bitcoin seems to be the answer to the big question, where…

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Bitcoin: The Basics

Bitcoin is in the news, usually with some startling information about some guy tossing out his old computer for recycling with his only bitcoin wallet on the hard drive. His old wallet has the only access to hundreds of thousands of dollars’ worth of bitcoin. And it’s gone. Or you read the predictions about the…

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Who is Satoshi Nakamoto

In November 2008, Satoshi Nakamoto published a white paper that began “Commerce on the Internet has come to rely almost exclusively on financial institutions serving as trusted third parties to process electronic payments.” The solution, as Nakamoto saw it, was an electronic cash system “based on cryptographic proof instead of trust, allowing any two willing…

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There is a Limit to Bitcoin

Built into the bitcoin protocol from the beginning was a limit to the number of coins that will ever be created. The limit is 21 million. Technically, the limit is 20999999.9769, short of 21 million by 3 bitcents. Without a limit to the possible number of bitcoins, they would become like fiat money and decrease…

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