by Michael Tozoni | Aug 20, 2013 | Uncategorized
They’re usually not profitable to mine directly, but consider all the advantages and uses Bitcoin has, such as (some excerpted from www.whyisntbitcoinworthless.com): Bitcoin is easy to store with full, direct ownership, instead of trusting a bank to store and...
by Michael Tozoni | Aug 13, 2013 | Uncategorized
You and I both have a large sheet of paper (account ledger). Both of our papers have two lines, reading: Account A: 5 bitcoins Account B: 3 bitcoins You are account B, I am account A. Both of us also have a secret signature that each of us can verify to be authentic,...
by Michael Tozoni | Apr 1, 2013 | Uncategorized
It’s a pretty often-heard claim, “Those rich people didn’t have to bust their asses to earn all that money, they were just lucky!” Well, now that BTC is over $100USD, a lot of us are considerably wealthier than we were before. We reached this...
by Michael Tozoni | Jun 8, 2011 | Uncategorized
There are two biggest complaints I keep hearing about Bitcoin, first, that it makes tax evasion too easy and governments will hate it, and second is that it only benefits early adopters. I argue that the first is not really thought through, and the second is already...
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