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    Customizable and open

    The code of Bitcoin is open so anyone can not only read it but also contribute to it! For that reason many people with geeky profiles have been the first to get attracted by bitcoin. On the other hand, the currency is so flexible that anyone can create alternatives, such as Litecoin, PPC, or many more!

    Automatically changing

    The mathematical description of the Bitcoin is created in such a way that blocks are mined every 10 minutes regardless of the computing speed. On the other hand, the so called difficulty, which relates to the amount of computer power needed to generate new bitcoins is automatically adjusting. Investing in new currencys or participating in currency exchange from BTC bitcoins to US Dollars USD or European Euros EUR has helped many people make some cash.

    Advertising

    Ask your local store if they accept bitcoin instead of fiat currency. Trade with your friends, family or online people in a secure way.

    Peer to peer

    All the transactions are stored in a giant shared file which control every single bitcoin user, without any bank or general loan authority. Money lending is still not a reality, but real state properties has been purchased with this innovatice electronic cryptocurrency.

    toshi Nakamoto doesn’t exist. He is not one person. He is not even controlled by a single entity.

    And although I would argue much of his writings were produced by one person and edited by committee, it is important to bitcoin that he not exist. His lack of existence, in a very real way, is what will help bitcoin survive this decade and morph into what it will soon become. Satoshi doesn’t matter. But that won’t stop us trying to unmask him or her.

    First, a recap of the hullabaloo.

    Two days ago both Wired and Gizmodo posted stories about Craig Steven Wright and Dave Kleiman, two programmers who both websites claim could have been Satoshi Nakamoto. But did they really say that? In journalistic terms, they did not. For example, Gizmodo wrote:

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