How Does Bitcoin Work?

Well, actually many of the really helpful people and people who know something are not publishing anything online at all, because there’s no way for them to monetize, there’s no way to incentivize them for their time. They provide the cryptographic (e.g., security without a third party) and economic building blocks for modern forms of…

Mining

China banned trading in bitcoin, with first steps taken in September 2017, and a complete ban that started on 1 February 2018. Bitcoin prices then fell from $9,052 to $6,914 on 5 February 2018. The percentage of bitcoin trading in the Chinese renminbi fell from over 90% in September 2017 to less than 1% in…