It’s 11:30 p.m., and I am trying hard to understand a jargon-filled article about Bitcoin.
The TV in the background plays a repeat of “The Big Bang Theory,” an American sitcom about a group of genius physicists who often befuddle their beautiful waitress friend, Penny.
I try hard to concentrate and make sense of what I’m reading. I find myself identifying with Penny, and what she might feel when trying to understand the nerdy world of Sheldon, Leonard, Howard and Raj. I decide there has to be something simpler out there to help break down the basics of Bitcoin for the Pennys of the world.
From the “Big Bang Theory” episode The Luminous Fish Effect
Sheldon: The thing about tomatoes, I think you will really enjoy this, is that they are shelved with the vegetables but they are technically a fruit.
Penny: Interesting.
Sheldon: Isn’t it!
Penny: No, I mean what you find enjoyable.
Bitcoin for Pennys
Imagine you can transfer money or the equivalent of money like an email over the Internet with no approvals or authorization needed from any third-party authority.
That concept was proposed in a white paper, published in 2008, by Satoshi Nakamato – and the term Internet currency was born. Nakamato proposed a digital distributed ledger transaction system for an online cash exchange. The exchange would not be subject to fees or institutional control, or bound by any one nation’s regulations…Click HERE to read full article.
