Ask LH: How Does Bitcoin Work And Is It Safe?

Am i totally stupid to think that it's clever to invest some Bitcoins now?

Hey guys!
I've followed bitcoin from the sideline - Listened to Steve Gibson explain it on Security now, so i know how it works technically.
I've followed some of the up/down-turns the currency has taken, and my gut feeling is that if i invested something like 500 USD in bitcoin right now, the value propably would go up sooner or later.. Does that make any sense?
submitted by jonashn to Bitcoin [link] [comments]

Security Now 504: Great Firewalls & Cannons Security Now 384: Back in Time Security Now 643: The Story of Bitcoin WAX ON: The Fundamental Reason Bitcoin Has Value Security Now 288: Your Questions, Steve's Answers #111

Steve Gibson has a great breakdown of the tech behind it. He also brings it up continually on the Security Now podcast, giving details on its ups and downs. If you are interested in Bitcoins and ... Security Now 594: A Look Into PHP Malware Special thanks goes to Steve Gibson and Leo Laporte of Security Now. I am not affiliated with Steve, Leo, GRC, or Twit, but love their work. I take notes for continuing education credits and wanted to to save them somewhere. I do my best to make sure my notes are… Steve Gibson's Explanation of Bitcoin. Contents. 1 Out-of-Date Information; 2 Factual Inaccuracies; 3 Imprecise Wording; 4 References; Out-of-Date Information. Project is not on SourceForge anymore. It's on GitHub. We no longer go to an IRC chat room to find peers. We use DNS-based host seeding. We have gone through a reward halving already. So his 50-bitcoin-reward is now out-of-date. He ... TOM MERRITT: This is Security Now!, with Steve Gibson, Episode 287, recorded February 9, 2011: BitCoin CryptoCurrency. It's time for Security Now!, the show you need to listen to if you want to be safe on the Internet. And joining us to help us figure out all of the confusing things that could happen to you to threaten your security is the man ... We were watching Security Now w/@sggrc Steve Gibson on TwiT of Gibson Research Corporation and he introduced a rather intriguing and hopefully world-changing digital currency. It’s called BitCoin and is a decentralized, peer-to-peer digital currency. There is no central authority to issue new money or keep track of transactions (ie no Federal Reserve!). This helps because the value of the ...

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Security Now 504: Great Firewalls & Cannons

In this special rebroadcast of Security Now from February 9, 2011, Steve Gibson explains, in detail, exactly how Bitcoin works. Download or subscribe to this... Hosts: Steve Gibson with Leo Laporte A new Windows 0-day exploit, rumor of a pending SSLv3 flaw and Steve analyzes the next evolution in online payment technology which replaces traditional credit ... Hosts:Steve Gibson with Tom Merritt A critical Microsoft vulnerability, The differences between open and closed source software, A number of questions around BitCoin, and more. Hosts:Steve Gibson with Leo Laporte DigiNotar mega-update, DNS hack of NetNames, TCP demystified, and more. Download or subscribe to this show at We invite you to read, add to, and ... Hosts: Steve Gibson with Leo Laporte TrueCrypt audit follow up, Google search history dump, and Steve Gibson and Leo Laporte take a close look at the mechani...