Darren and JJ celebrate their 3 years of doing Neocash Radio! Venezuela looks to seize and jail factory owners who do not keep the machines running. Donald Trump thinks the US can print money to avoid a default forever. Mycelium wallet looks to grow with a crowd sale. News and views from Bitcoin Core. Ethereum news and the DAO crowdsale keeps climbing to $106 Million.
Mexico sells US Dollars for Pesos. China may have melding bitcoin with stock exchanges. Quantum computing sees a break through. Circle receives funding from Goldman Sachs as they look to develop a bitcoin wallet that also supports US Dollars. BitGO seeks a patent on multisig while the reddit community is in outrage. 21 Inc a secretive bitcoin start-up may be looking to put ASICs in “all the things”.
Bitcoin and crypto-currencies in general can be difficult to understand by many. Even the tech-savvy have questions with this new breed of digital commerce. Part of the idea behind Neocash Radio is breaking down the idea into easy to digest and understand components. We are trying to make the topics available for all audiences.
Starting out we have a micro-podcast that simply explains how bitcoin works and how you can remain secure with your coins. This tutorial is meant for newbies so we try to avoid too much technical jargon. There is much to understand if you want to have all the information necessary to make an informed decision. If you want to have a better grasp on bitcoin and litecoin, take a listen to this micro-cast:
The next step in the process deals with wallets. Wallets, much like real life, hold your coins and serve as an address book for people you send coins to. This is where security really gets important. Your wallet, just like your physical wallet, must be protected from theft and there are a few ways to do this. If you are looking for information on how to set up a wallet online, on your computer, and on your smart phone take a listen to this micro-cast:
Finally in order to fully understand the entire bitcoin process you need to have an idea how the coins are created. You also need to understand how the ledger — or blockchain — is created and maintained. This is the fundamental core of the crypto-currencies. When an individual wants to send bitcoins to someone else what they are actually doing is broadcasting a message to the network, in effect saying, I am sending X coins to X address. Unlike credit cards and dollar transactions the exchange of bitcoins and litecoins is a one-way conversation. If you want to better understand mining, take a listen to this micro-cast:
We are always looking for better ways to explain these ideas and if you have an questions, comments, or suggestions please let us know. You can send me an email at jj AT neocashradio.com (replace the spaces and AT with @).