Articles and Resources | Bitcoin, Blockchain and Crowdfunding

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This section of my blog used to contain myriad articles on a wide range of topics of interest to nonprofits. In 2016, I decided to cull and focus it on two sometimes controversial topics: 1) Bitcoin (and Blockchain), and 2) crowdfunding. Perhaps not surprisingly, this page attracts quite a bit of attention and I receive inquiries about it often. My focus is primarily on nonprofit and social good use.

Bitcoin (and Blockchain)

Definitions

Bitcoin is a cryptocurrency, a form of electronic cash. It is a decentralized digital currency without a central bank or single administrator that can be sent from user to user on the peer-to-peer bitcoin network without the need for intermediaries. (Blockgeeks)

blockchainoriginally block chain, is a continuously growing list of records called blocks, which are linked and secured using cryptography. Each block typically contains a hash pointer as a link to a previous block, a timestamp and transaction data. By design, blockchains are inherently resistant to modification of the data. The Harvard Business Review describes it as, “an open, distributed ledger that can record transactions between two parties efficiently and in a verifiable and permanent way.”

If you live in the Austin area or visit on occasion, and you have an interest in Bitcoin and cryptocurrencies, you might like to attend meetings of the Austin Blockchain Collective Community Meetup.

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Crowdfunding

Crowdfunding: Crowdfunding is the use of small amounts of capital from a large number of individuals to finance a new business or social good venture. Crowdfunding makes use of the easy accessibility of vast networks of people through social media and crowdfunding websites to bring investors and entrepreneurs together. 

 

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