With the news that Bitcoin is finally on the verge of scaling with the activation of Segregated Witness. Bitcoin will soon be able to facilitate many more users and transactions, growing the network and its potential value. …Its bigger than fiat !
“What was my aim for this talk? I wanted to take on the challenge of explaining Bitcoin to a totally non-technical audience. I wanted to find a way to explain Bitcoin, in one go, to people, some who’d never heard of it before, without focusing too much on any single aspect or getting too controversial”
Via @BTCbenny on the ‘BTC Sessions’ youtube channel
If your holding Bitcoin long term, Hardware Wallets such as Trezor and Ledger are a mustto protect your Bitcoin from hacks and eliminate counterparty risk that is present when holding Bitcoin on centralised exchanges.
“There seems to be a considerable amount of confusion among Bitcoin users regarding the nature of the process underlying changes to the Bitcoin protocol. In an earlier post I described the process for making code changes to the Bitcoin Core software repository. In this post I’ll go over the far more intricate process underlying changes to the consensus rules that ensure everyone ends up on the same blockchain and sees the same ledger and transaction history”