BitLicense Proposal Overview and Comment

This is Part 1 of 2 of my Overview and Comment of the BitLicense proposal by the New York State Department of Financial Services. Please note, it is not word for word the proposal but it does go over the major rules and regulations proposed in sections 200.1 - 200.15. Some parts are exactly as [...]

How to Build the Bitcoin Network

UPDATE: I am working on Raspberry Pi 2 with a 64GB SD Card, instructions how to run a full node coming soon. The open source  and decentralized nature of Bitcoin is it's greatest strength and greatest weakness. The transfer of ownership network consists of miners to process the transactions and nodes to relay them. Mining is [...]