Tag: speculative

Technology1 Comment

Overstock will take Bitcoin payments in 2014

Dennis

The virtual currency Bitcoin had a hard week and while Bitcoin is already known for being very volatile, some retailer are still not shocked about this fact. Overstock for example announced on Friday that they will accept Bitcoin payments in 2014. Overstock is a retailer and sells everyday products like household equipment and furniture for the home. Apart from that they do also sell apparel for men and women and even jewelry and watches, health and beauty products and indeed also electronics. That is again a new posibility which allow Bitcoin owners to spend Bitcoins instead of treasuring them up … Continue reading Overstock will take Bitcoin payments in 2014

Technology3 Comments

Bitcoin, the Decentralized peer-to-peer Digital Currency

Dennis

Video source: bitcoin.org What is a Bitcoin? Interested in new technology, I came across the Bitcoin topic some time ago. Bitcoins are a decentralized peer-to-peer (transferred from person to person) digital currency which means there is no central authority like banks or governments behind the currency and the transaction process is done by a network of private computers. The users of these computers, the “miners” get recompensed with transaction fees and newly created Bitcoins. But the systems of all the worldwide Bitcoin miners have to solve a complex math problem first and the algorithm leads over time to the case … Continue reading Bitcoin, the Decentralized peer-to-peer Digital Currency