The Rise Of Bitcoin

Patrick L Young is expert in global financial markets working in multiple disciplines, ranging from trading independently to running exchanges.

I just checked both RSS feeds, and they seem to be fine. I typically post longer essays, often in the 3,000-20,000 word range, which is why I only update my blogs a few times a year. You may enjoy looking through some of my past articles. This blog carries my more technical stuff, while my other blog ( ) is more general.

Additionally bitcoin continued to fight for legitimacy, in China, India, Thailand, Germany, Russia and the United States among others without much forward progress. For a while, it seemed that Australia might be open to best bitcoin gambling sites (why not look here) however bitcoin was hit with a tax blow in December when bitcoin was labeled by the Australian Tax office as not a currency.

No matter what the outcome, this process ensures that the block chain has an agreed-upon time ordering of the blocks. In Bitcoin proper, a transaction is not considered confirmed until: (1) it is part of a block in the longest fork, and (2) at least 5 blocks follow it in the longest fork. In this case we say that the transaction has 6 confirmations". This gives the network time to come to an agreed-upon the ordering of the blocks. We'll also use this strategy for Infocoin.

It's not just money either. A cornucopia of prodigiously awesome brains are eagerly building all manner of new ways to deploy the blockchain and devise a whole new way of not merely thinking about money, but actually a whole new money system itself.