ASK QUESTIONS! WE LISTEN TO DISCOVER WHAT YOU NEED TO BECOME BETTER ACQUAINTED WITH BITCOIN TECHNOLOGY.
 We come up with simple and effective ways to help you improve your knowledge about Bitcoin and to benefit from this freedom and liberty.

What is Money?

 Money is primarily a medium of exchange or means of exchange. It is a way for a person to trade what he has for what he wants. Ideal money has three critical characteristics: it acts as a medium of exchange; it is an economic good; and it is a means of economic calculation.

 Medium of Exchange

 To properly understand money as a medium of exchange one must first go back to the first methods of trade. Before money was invented one would have to engage in direct barter. A farmer who produced grain – but wanted shoes for his family – would have to find someone who, a) had shoes and, b) wanted grain. You can imagine the difficulty involved in finding that perfect someone who had what the farmer wanted and wanted what the farmer had.

ASK QUESTIONS! WE LISTEN TO DISCOVER WHAT YOU NEED TO BECOME BETTER ACQUAINTED WITH BITCOIN TECHNOLOGY.
 We come up with simple and effective ways to help you improve your knowledge about Bitcoin and to benefit from this freedom and liberty.

Today we start from interesting approach of Nik Custodio  

"Explain Bitcoin Like I' m Five"

We’re sitting on a park bench. It’s a great day. I have one apple with me. I give it to you.
You now have one apple and I have zero.
That was simple, right?
Let’s look closely at what happened:

 

READ:        https://medium.com/future-of-currency/73b4257ac833

 

http://nikcustodio.tumblr.com/

  Bitcoin Wins Best Technology Achievement             Winner Bitcoin | Crunchies Awards 2013

CONGRATULATIONS!!!!!

Eyewitnesses at the Crunchies tonight reported seeing a shadowy figure hiding in the eaves of the opera hall, watching the proceedings with a gimlet eye. Perhaps, in light of the Best Technology Achievement going to Bitcoin, Satoshi himself was lurking in the gloom?

 GigaOm’s Tom Krazit and Khosla Ventures Keith Rabois awarded the prize to Satoshi stand-in Peter Vessenes, Chairman of the Bitcoin Foundation. After less than four years of steady growth, the cryptocurrency is now top-of-mind for most of the Valley as everyone – from twins to pirates – are looking into how to monetize the blockchain.

 If you are a beginner to Bitcoin read A beginner's guide to bitcoin