What’s a bitcoin?
Created by* Not following? Check Wikipedia
Definition
A bit (noun): a small amountAlso: a binary digit (0 or 1)
Don’t confuse with:
- A computer byte (1 byte = 8 bits)
- Past tense of ‘to bite’. Ex: I bit my dog to show dominance.
Bits in the News
In May, a massive cyberattack hit computers, encrypting data unless a ransom was paid, in bitcoins.Though the hack affected 200,000 computers in 150 countries, only 28.29 bitcoins were reportedly paid ($70k). A bit disappointing.
Pros and co(i)ns
CoinsPros: Real
Cons: Heavy
Bitcoins
Pros: Don’t get lost in couch
Cons: They’re a bit too complicated
Definition
A bit (noun): a small amountAlso: a binary digit (0 or 1)
Don’t confuse with:
- A computer byte (1 byte = 8 bits)
- Past tense of ‘to bite’. Ex: I bit my dog to show dominance.
Bits in the News
In May, a massive cyberattack hit computers, encrypting data unless a ransom was paid, in bitcoins.Though the hack affected 200,000 computers in 150 countries, only 28.29 bitcoins were reportedly paid ($70k). A bit disappointing.
What’s a bitcoin?
Created by* Not following? Check Wikipedia
Pros and co(i)ns
CoinsPros: Real
Cons: Heavy
Bitcoins
Pros: Don’t get lost in couch
Cons: They’re a bit too complicated
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