Thinking in Transactions

By Ugene CheungNews

This post is also in issue 18. Every Bitcoin transaction runs a small program that describes under which conditions the transaction is valid. This surprising behavior can be exploited to construct a variety of contracts on top of bitcoin. In this article you will learn how basic transaction scripts work in principle. A new transaction…

May 16, 2014

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Bank of Canada’s newest report says Bitcoin can bring “risks to overall financial stability”

By Ugene CheungNews

A new report released by the Bank of Canada (BoC), the country’s financial authority, launched the latest warning against Bitcoin: according to the document, the widespread adoption of the world’s most famous cryptocurrency could undermine the stability of the current financial system. The authors of the report, entitled “Understanding Platform Based Digital Currencies”, believe “there could be…

May 16, 2014

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Bitcoin’s Rally Cry on China’s War on Bitcoin. We are coming.

By Ugene CheungNews

To our Chinese Friends, Countryman, and Government – lend me your ears. The Chinese government has now ordered their press to censor news of bitcoin and our Global Bitcoin Summit. It’s already too late. We are bitcoin and we’re already there. People are using our currency quietly…carefully today. Does your government think their citizens don’t know what the…

May 16, 2014

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