Not sure how I stumbled upon this, but I’m glad I did.
The price of a bitcoin topped $900 last week, an enormous surge in value that arrived amidst Congressional hearings where top U.S. financial regulators took a surprisingly rosy view of digital currency. Just 10 months ago, a bitcoin sold for a measly $13.
The spike was big news across the globe, from Washington to Tokyo to China, and it left many asking themselves: “What the hell is a bitcoin?” It’s a good question — not only for those with little understanding of the modern financial system and how it intersects with modern technology, but also for those steeped in the new internet-driven economy that has so quickly remade our world over the last 20 years.
Bitcoin is a digital currency, meaning it’s money controlled and stored entirely by computers spread across the internet, and this money is finding its way to more and more people and businesses around the world. But it’s much more than that, and many people — including the sharpest of internet pioneers as well as seasoned economists — are still struggling to come to terms with its many identities.
With that in mind, we give you this: an idiot’s guide to bitcoin. And there’s no shame in reading. Nowadays, as bitcoin is just beginning to show what it’s capable of, we’re all neophytes.
The Yardbirds 1966 in the film Blow up
Artist ABVH is an animated gif monster! With over 35 pages of animated excellence on his highly active Tumblr page, ABVH is proof that the animated gif culture is alive and well.
In the series below, ABVH adds movement to some of Banksy’s most famous artworks.
Kevin-Prince Boateng does a great moonwalk after winning the Scudetto in 2011.
At least, from the eyes of the market.