[act-ma] Sat, Dec 15: East Coast Bitcoin Summit - How to reduce your Federal Reserve Note footprint!

[pf soto]

  East Coast Bitcoin Summit at Underground Arts! - Philadelphia
  <https://www.facebook.com/events/293544877431147/>


Join us for the East Coast Bitcoin Summit at Underground Arts! We will 
feature local businesses, speakers, and alternative currency advocates. 
This is a chance to learn more about Bitcoin, have your questions 
answered, and to meet other like-minded individuals. More details & 
updates to come, RSVP for now and come learn how to reduce your Federal 
Reserve Note footprint!

1-5pm
Underground Arts 
<https://www.facebook.com/pages/Underground-Arts/108590882538053>
1200 Callowhill St., Philadelphia, Pennsylvania 19123


http://www.Bitcoin.org/

Bitcoin is an experimental new digital currency that enables instant 
payments to anyone, anywhere in the world. Bitcoin uses peer-to-peer 
technology to operate with no central authority: managing transactions 
and issuing money are carried out collectively by the network. Bitcoin 
is also the name of theopen source software which enables the use of 
this currency.

The software is a community-driven open source project, released under 
the MIT license.


  About Bitcoin


    Introduction

Bitcoin is one of the first implementations of a concept called 
crypto-currency, which was first described in 1998 by Wei Dai on the 
cypherpunks mailing list. Building upon the notion that money is any 
object, or any sort of record, accepted as payment for goods and 
services and repayment <http://bitcoin.org/about.html#> of debts in a 
given country or socio-economic context, Bitcoin is designed around the 
idea of using cryptography to control the creation and transfer of 
money, rather than relying on central authorities.


    Technology

If you are interested in learning more about the technical details of 
Bitcoin it is recommended you start with these documents:

  * Bitcoin: A Peer-to-Peer Electronic Cash System
    <http://bitcoin.org/bitcoin.pdf>
  * Protocol rules <https://en.bitcoin.it/wiki/Protocol_rules>
  * Bitcoin Wiki <https://en.bitcoin.it/wiki/Category:Technical>


    Features

These are the basic features of any Bitcoin-like network.

  * Bitcoins can be transferred between arbitrary nodes on the network.
  * Transactions are irreversible.
  * Double spending is prevented by using a block chain
    <https://en.bitcoin.it/wiki/Block_chain>.
  * Transactions are broadcasted within seconds and verified within 10
    to 60 minutes
    <https://en.bitcoin.it/wiki/FAQ#Why_do_I_have_to_wait_10_minutes_before_I_can_spend_money_I_received.3F>.
  * Transactions can be received at any time regardless of whether your
    computer <http://bitcoin.org/about.html#> is turned on or off.







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