All right, the fine folks at Hakin9 put a small special issue devoted to BitCoin. BitCoin sure has been getting a good bit of buzz lately, so if you are totally new to BitCoin this months article can most definitely lend a hand. I’m not sure if I am buying in on all the hype but I will say for better or worse BTC definitely has some momentum behind it. If you are weighing the pro’s vs cons of BTC or perhaps just wondering if it is worth your time to invest in it, this issue should help you form a decision.
The first article, A Secure Coin, jumps right in and gives the reader all the details they need to start mucking around with BitCoins. It covers some technical aspects of the applications used in BTC mining, how the information is transmitted, the current BTC practices such as pooling and of course threats. Overall this is a fairly decent article to read if you have not been introduced to BitCoins before.
Bitcoin – How it works, gives a pretty good introductory walkthrough on how to start creating bitcoins. This article is a little less technical, covering some of the reasons for BitCoins, mining and some basic background information. So if you are looking for a little less technical article then this one should work just nicely.
Mining – Tutorial for Rookie Miners is a really quick read on what the current hardware and mining rates are. A topic anyone who is interested in getting into BitCoins will probably be wondering about. While the information in this article is probably readily available on lots of other BTC sites, it is still a nice reference piece.
The next article is an interview with two BitCoin developers, Amir Taaki and Patrick Strateman. Amir and Patrick both make some very recognized and great points about the flaws of our current currency environment. It is hard to argue the reasons for BitCoins and when they actually describe the inner-workings of BTC you can respect the electronic currency even more. If I have to recommend an article or two regarding BitCoins this would definitely be the first one, the next one would be Rebecca Wynn’s article.
BitCoin in your hand is the next article. It answers some questions to an interesting add-on technology to BTC called BitBills. I am not overly sold on BitCoins (mainly because I am too lazy to get around to it) but I am even more hesitant on BitBills. I see some really good layers in BitBills but I am still not sold on it nor where one would need to use it but if you want to know some basic information on BitBills this interview might help you.
How to Secure BitCoins, Your Virtual Money is a walk-through on how one might secure their BTC wallets from malware or a direct intruder. Not a bad setup for those of you who are overly worried about the theft of your wallet.dat.
BitCoin Online and Off-Line Opportunities for Commerce was a nice breakdown on a good way to implement BitCoin transactions online commerce. Apparently there have been some well thought methods for handling online BTC transactions. If you are thinking about adding BTC as a payment method for a mobile app or online site then you should utilize some of the methods listed in this article or refer to securebitcoin.org.
Rebecca Wynn’s article BitCoin – Destined to Fail is probably the hardest hitting article of the bunch. It does a really good job pointing out the inherent flaws with the BitCoin system and environment. Her hard facts and well thought out arguments and articles are easily making her one of my more favorite tech journalists. This article is a must if you are a BTC user or are thinking about becoming one.