Technology & Innovation — April 11, 2014

10 Facts About Bitcoin

A weekly newsletter featuring the biggest ideas from the smartest people

Bitcoin is the virtual currency that’s all the craze right now. It even has some powerful allies, like Overstock.com’s C.E.O. Patrick Byrne whose popular shopping site accepts Bitcoin and promotes reward programs to push the use of the currency.

But as Daniel Altman wrote for Big Think, there’s still so much we don’t know about Bitcoin, indicating potential problems.

Here are 10 things we do know, including some facts about Bitcoin that may surprise you:

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A weekly newsletter featuring the biggest ideas from the smartest people

The Present

Is Bitcoin really “economic freedom”?

Bitcoin’s creator owns five percent of the entire Bitcoin supply, meaning that he has a larger percent of Bitcoin than the U.S. has of gold.

The Present

The decentralized web will be as big a game changer as the internet was in the ’90s

Cryptocurrencies have had their time in the spotlight. Now it’s time to focus on solving bigger problems.

All Videos

Bitcoin 101, with Daniel Altman

Economist Daniel Altman explains the decentralized virtual currency Bitcoin.

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3 min

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with

Daniel Altman

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