Bitcoin School

05Jul 2016

Does Bitcoin Have Value? Of course! But Why? Why does bitcoin have value? This is a question that is often asked. For many it is difficult to understand how something that only exists virtually can have any value at all. It is as if the tangible nature of money, or any object, is what gives […]

17Oct 2013
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Looking at Bitcoin as a value transfer system. Bitcoin vs Cash has been one of the many hotly contested topics in the bitcoin space over recent months. You may believe or support the notion bitcoin should take over the world by collapsing financial institutions and or governments. You may want bitcoin to remain underground and […]

22Jul 2013
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You want to mine bitcoin. But, how to start? There are three main categories of bitcoin mining hardware, each more expensive and more powerful than the last. This article explains each of them, and talks about how to make them work. By this stage, you will understand how bitcoin works, and what mining means. But […]

21Jul 2013
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No pick axe needed! In traditional fiat money systems, governments simply print more money when they need to. But in bitcoin, money isn’t printed at all – it is discovered. Computers around the world “mine” for coins by competing with each other. How does it happen? People are sending bitcoins to each other over the […]

20Jul 2013
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Bitcoin transactions are sent from and to electronic bitcoin wallets, and are digitally signed for security. Everyone on the network knows about a transaction, and the history of a transaction can be traced back to the point where the bitcoins were produced. Holding onto bitcoins is great if you’re a speculator waiting for the price […]

19Jul 2013
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Is bitcoin legal in South Africa? Bitcoin is of interest to law enforcement, tax authorities, and legal regulators, all of which are trying to understand how it fits into existing frameworks. The legality of your bitcoin activities will depend on who you are and what you are doing with it. Bitcoin has proven to be […]

18Jul 2013
Buy with Bitcoin

What to buy with bitcoins. More merchants are beginning to accept bitcoin in exchange for goods and services, although the best place to find them are still marketplaces and aggregator sites that gather large numbers of supporting establishments together at once. Spending your bitcoins What can you buy with bitcoins? We’ve told you how to […]

17Jul 2013
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Worried how to store bitcoins? Bitcoin wallets store the private keys that you need to access a bitcoin address and spend your funds. They come in different forms, designed for different types of device. You can even use paper storage. It is important to secure and back up your bitcoin wallet. Bitcoins are a modern […]

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