[act-ma] Sat, Dec 15: East Coast Bitcoin Summit - How to reduce your Federal Reserve Note footprint!
pfsoto at mynas.com
Fri Nov 30 18:52:25 PST 2012
East Coast Bitcoin Summit at Underground Arts! - Philadelphia
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!
1200 Callowhill St., Philadelphia, Pennsylvania 19123
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
The software is a community-driven open source project, released under
the MIT license.
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.
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
* Protocol rules <https://en.bitcoin.it/wiki/Protocol_rules>
* Bitcoin Wiki <https://en.bitcoin.it/wiki/Category:Technical>
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
* Transactions are broadcasted within seconds and verified within 10
to 60 minutes
* 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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