Bravenewcoin: What is bitcoin?

Google CEO, Eric Schmidt called it a ‘remarkable cryptographic achievement…’ Even Ashton Kutcher, actor turned investor is excited about the technology behind bitcoin. Often with new technology, you read about it somewhere and then start searching the internet for more information and quickly get lost then lose interest. To make it easier for those new to bitcoin, BNC has published an extensive resource section to help newcomers discover why bitcoin will change everything. Today we also offer a compiled list of articles, blogs, videos, books and courses, to help you get started. We often say to newcomers; “Do not expect to understand bitcoin or blockchain in the first 15min”. This is why we created a ‘Gentle Introduction…’ Series of Free PDF’s to help explain the key elements within 20 to 30 minutes. From there the curiosity is sparked and most end up falling deep into the rabbit hole, often getting lost on the internet as there is simply too much information. Head on over to our resources section and check out the Bitcoin 101, which includes a full glossary; Once the basics are grasped, you may find yourself asking, why has there been $1.2 Billion invested into bitcoin/blockchain companies? What applications or real-world use is there for bitcoin & blockchain? BNC has carefully curated industry research on the subjects of bitcoin & blockchain from the world's largest research groups, including various banks, governments and mega consultancy firms like PwC & Deloittes. Lastly, for those wanting a quality list recommended reading, Brian Forde, Director of the Digital Currency Initiative at MIT Media Lab, has curated an excellent set of articles, books and courses for those wanting to avoid having to find these great resources scattered all over the internet. Brian States: “We’ve found that most people are initially willing to invest about 30–45 minutes to learn about cryptocurrencies. That can then ignite enough curiosity to invest another 2–3 hours — and then they’re off to the races”. Overviews (30–45 mins) • A Gentle Introduction to bitcoin by BNC • Why Bitcoin Matters by Marc Andreessen • Why the Blockchain Matters by Reid Hoffman • How Does Bitcoin Work? (video) by David Andolfatto • Programmable Blockchains in Context: Ethereum’s Future by Vinay Gupta • The Blockchain Application Stack by Joel Monegro • The Shared Data Layer on The Blockchain Application Stack by Joel Monegro • How Bitcoin Is Like SMTP by Joel Monegro • How The Blockchain Can Unshackle Us by Jalak Jobanputra • The Non-Expert’s Guide to the Mt. Gox Fiasco by Arianna Simpson Applications (60–90 mins) • Some ideas for native bitcoin apps by Chris Dixon • Certificates, Reputation and the Blockchain by Philipp Schmidt • Bitcoin Fact. Fiction. Future. by Tiffany Wan & Max Hoblitzell • State-Sponsored Cryptocurrency: Adapting the best of Bitcoin’s Innovation to the Payments Ecosystem by Deloitte • Elizabeth Rossiello Describes How BitPesa Slashes International Payment Fees by Laura Shin • Bitcoin Overview & Applications (video) by Brian Forde • How the blockchain will enable self-service government by Brian Forde & Michael Casey • Can Bitcoin Be Used For Good? by Chelsea Barabas & Ethan Zuckerman • Want to rent Star Wars? May the force be with you… by Brian Forde Technical Overviews (2–4 hours) • Bitcoin: A Peer-to-Peer Electronic Cash System a whitepaper by alleged bitcoin creator, ‘Satoshi Nakamoto’. • Bitcoin: The new gold rush? by Val Srinivas • Bitcoin And Blockchain: Two Revolutions For The Price Of One? by Richard Gendal Brown • How the Bitcoin protocol actually works by Michael Nielsen • Research Perspectives and Challenges for Bitcoin and Cryptocurrencies by Joseph Bonneau, Andrew Miller, Jeremy Clark, Arvind Narayanan, Joshua A. Kroll, Edward W. Felten Books (1-2 days each) • Mastering Bitcoin by Andreas M. Antonopoulos • The Age of CryptoCurrency by Michael Casey, Paul Vigna • Blockchain Revolution by Don and Alex Tapscott • Digital Gold by Nathaniel Popper Bitcoin Course & Textbook (4–5 weeks) • Bitcoin and Cryptocurrency Technologies (course) at Princeton University • Bitcoin and Cryptocurrency Technologies (textbook), by Arvind Narayanan, Joseph Bonneau, Edward W. Felten, Andrew Miller, Steven Goldfeder We hope these resources save those of you who are new to bitcoin & blockchain, time and effort in your quest for knowledge. Remember however, bitcoin is just the first Digital Currency, followed by many others; some with great value propositions and others just plain clones. Steem and its frontend Steemit.com, is a blockchain creation, much like bitcoin, but with slightly different architecture called graphene; being high in performance and scalability, thus improving on some of bitcoin’s shortfalls. The Steemit.com social experiment has a fantastic value proposition of rewarding content producers instead of profiting off them as with the traditional social media model. We at bravenewcoin.com believe in the ‘Steemit’ concept, hence why we are introducing our content on ‘Steemit’ on a daily basis. We even have a dedicated market data page at http://bravenewcoin.com/steem with all the market prices and statistics about Steem that your heart could desire; please feel free to bookmark it! If there’s any feedback or suggestions for other resources which you think would be highly useful - drop us a line on [email protected]. / http://www.azquotes.com/picture-quotes/quote-bitcoin-is-a-technological-tour-de-force-bill-gates-86-55-44.jpg