No Matter The Price, The Message Of Bitcoin Has Already Won
Bitcoin’s message of freedom has been set in stone. It speaks to us with increasing confidence about what is to come. Bitcoin has already won.This is an opinion editorial by Aneta Karbowiak, a contributor at Bitcoin Magazine.Bitcoin has conveyed an important message to the world since its inception. It is the message of liberation from corrupt governments and financial intermediaries. Bitcoin is free speech recorded in every block and replicated on thousands of computers distributed around the world. It cannot be silenced any longer; it is here to stay to speak its immutable truth. Its....
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Bitcoin wallet service Coinbase has created an SMS interface, which enables users to send and receive bitcoins via text message. Any Coinbase customer, regardless of the network they are on and whether or not they have a smartphone, can use the new service. First, users have to head online and visit their Coinbase account page, verify their phone number, select a six-digit pin and click the 'enable SMS' button. After sending 'hi' to 1 (650) 316-5555, the service is activated and the user can complete any of a number of actions, for example sending bitcoins to a friend's Coinbase wallet,....
Short Answer: A Bitcoin address is a unique number that "holds" bitcoin currency. You use the address to receive and send bitcoins. Medium Sized Answer: A Bitcoin address is the public key half of the public-private key pair that enables the validation of ownership of that address. WHOAH there, what in tarnation does that mean?? Bitcoin addresses are created as part of a key generation process that creates a pair of keys. They are a matched set, where one is public and the other is private. When you "sign" a bitcoin address you are running the public and private keys through an algorithm....
Bitcoin isn't the only cryptocurrency getting all the love from speculators. Altcoin Litecoin has grown nearly 400% in the matter of 3 days, to a high of almost $50 USD. That's up from just over $9 USD in a matter a days, making it very lucrative if one has put money into it. At the time of this writing, the price is about $39 USD at BTC-e. The question of everyone's mind, however, is whether or not the price will continue to rise further. We'll keep an eye on it. [via CoinDesk]