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Tag Archives: Jon Matonis

Bitcoin Statistics to study

August 27, 2012 14:55 / Leave a Comment / Robert-Reinder Nederhoed

Just ran into an excellent collection of links to statistics on Bitcoin accompanied by a short description. A good starting point for the intermediate bitcoiner.

Posted in: Bitcoin / Tagged: bitcoin, jon matonis, statistics

Unlocking your savings from memory

March 12, 2012 21:41 / Leave a Comment / Robert-Reinder Nederhoed

This is interesting: unlocking your bitcoin savings with a memorable secret phrase.

What I still find hard to conceive is: where is my money?

If I understand correctly, the BTC money is in the system, on a unique, private address that can be accessed using a complex private key. The memorable secret phrase is constructed to be translated into that complex private key. 

Wow, that would mean “money in the clouds”. Buzzzy!

This would forego the need to have a wallet stored somewhere. Also, no need to backup your wallet.
You do need to have a good memory or store the secret phrase in a safe. Or you might lose your savings.

Correct me if I’m wrong, please.

Link found on Reddit.

Posted in: Bitcoin, Uncategorized / Tagged: bitcoin, jon matonis, wallet

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