Bitcoin's Mathematical Problem

Introduction How "mining" works is at the very heart of Bitcoin. It is often brushed over and simply referred to as "complicated math" in the media, but it's actually quite simple to understand even if it is computationally intensive to solve. Disclaimer Most of the content in this post comes…

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Bitcoin - Moneylaundering or Anonymizing

Cryptocurrencies, such as Bitcoin, seemed like a silver bullet to allow digital payments the following: Anonymous online transactions similar to cash. No transaction costs. No risk of chargebacks (good for merchants). No taxes Unfortunately, a lot of these points are not quite true. In this post, I am going to…

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