Bitcoin with Bruening
Common Criticisms: Isn’t Bitcoin Backed by Nothing?
I frequently have people tell me that “Bitcoin is based on nothing! It’s not backed by anything! Its value is…
Read MoreBitcoin Basics: What is the Blockchain and How Are Bitcoins Transferred?
Last week we discussed bitcoin mining. The blockchain is where the miners and users come together. In short, the blockchain…
Read MoreBitcoin Basics: What Are Miners and How is Bitcoin Created?
Bitcoins are created by “miners,” i.e. computers running specialized computations. Simply put, if an owner of such a computer runs…
Read MoreBitcoin Basics: What is the Difference Between Bitcoin and Other Online Payment Systems?
There are plenty of online payment systems these days – Venmo, PayPal, stripe, amazon pay… How is bitcoin different? The…
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