I been hearing lots about bitcoin lately – I remember hearing about in 2011 and thinking maybe I should buy some. Never followed through with it – procrastination is a bitch. This time I am going to spend some time to see if I can understand it, and if it makes sense for me to invest in it.
Reddit has about good introductory post about bitcoin. I recommend you watch all the videos from the link.
Coindesk has some good articles on topics related to bitcoin – I recommend you read all the links in this page if you are serious about learning about bitcoin. Some of the articles are old – but most of the concepts are still helpful for an initial introduction.
Some questions I had as I started looking at bitcoin.
Why is one bitcoin worth so much ?
At the writing of this post it is at CAD $3372.721 . It is up $741.52 within the last week.
How do you buy it ?
You can use bitcoin exchanges – there are may available online, the one I use is Coinbase. I downloaded it from my iPhone app store.
How to ensure the exchange or wallet you hold your bitcoin is secure ?
Will be writing a detailed post on this as I do more research.
Where do you find bitcoin news ?
I found coindesk to be a good source for bitcoin news.
If you wanted to setup a computer as part of the block-chain:
I will keep updating this article as I find answers to other interesting bitcoin related questions. For now the above material should provide sufficient information for an introduction to bitcoin.