Monday, December 16, 2013

WHAT IS BITCOIN? DEFINITION ESSAY


Bitcoin is an open source peer to peer payment network and digital currency. It was invented in 2009 by incognito developer Satoshi Nakamoto. It goes into circulation without being connected to any central authority. We can invest or purchase goods and services with Bitcoin. Yet are there any potential pitfalls? Do your research and write a definition essay on the issue.
This activity was prepared in total by Taha Dikici to whom we all owe thanks

Reading material to annotate:

2. “Bitcoin Miners Cash in on Digital Gold Rush” http://www.ibtimes.co.uk/articles/522612/20131115/bitcoin-mining-explained-profit-virtual-currency-cloud.htm

3. “What is Bitcoin and How does it work?” http://moneyweek.com/bitcoin/

Videos to watch and make notes on:

1. “Bitcoin. Sweat. Tide. Meet the future of branded currency.” By: Paul Kemp-Robertson

http://www.ted.com/talks/paul_kemp_robertson_bitcoin_sweat_tide_meet_the_future_of_branded_currency.html

3. “What’s a Bitcoin?” http://live.wsj.com/video/what-a-bitcoin/D79FF38C-7816-435B-B3B0-F9B177BCA0A8.html#!D79FF38C-7816-435B-B3B0-F9B177BCA0A8

Refer to my second blog, The Essay Archive, for sample essays: https://theessayarchive.blogspot.com.tr/  

1 comment:

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