Bitcoin Part 2

The Guinea Pig Generation

In my previous post ‘Paypal is to Ebay what Bitcoin is to the dark-net’  I discussed the both positive and negative uses and potentials of cryptocurrencies for the future. This post will delve further into exisiting research surrounding cryptocurrencies and what will eventually become an extension of the digital artefact conducted by previous student of university subject BCM325 (Future Cultures) @eddiesmedia, which can be found here.

Bitcoin was first conceived by an anonymous person/people called Satoshi Nakamoto (the true identity of which remains unknown) in 2008 through the paper ‘Bitcoin: A Peer-to-Peer Electronic Cash System’. It describes an electronic payment system based on cryptographic proof (the art of communication via coded messages) allowing any two willing parties to transact directly with each other without the need for a trusted third party (Nakamoto, 2008, p1).

Much of the existing literature on cryptocurrencies focuses on the how of bitcoin. Technologist and computer…

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