Coinbase Library

Some interesting numbers happening right now in Bitcoin...

Sneak peek at some features we're working on... We’re workin hard to get this ready for you. Lots to do behind the scenes to actually make these simple interfaces work (code, lawyers, etc).  But we hope to have some more announcements soon.  Stay tuned....

Explaining Bitcoin I’ve had a lot of chances to talk with people about bitcoin in the last few months, and it’s definitely tough to explain. People always have an easier time understanding something if they can compare it to what they already know.  It’s like X but for Y. I’ve been struggling to come up with comparisons people might be familiar with.  Here are a few I’ve tried: Just like the web is an open protocol for publishing information, bitcoin is an open protocol for payments. Bitcoin will do the payments industry what the internet did the publishing industry.  It will democratize distribution. The internet is decentralized and runs on an open protocol.  This is what gives it resiliency.  Bitcoin is also decentralized and runs on an open protocol. Git was a promising new open source technology, and GitHub made an easy to use layer on top of it.  In the same way bitcoin is a promising new open source technology, and Coinbase is making...

Confirming Small Transactions One thing we noticed during the launch is some small transactions (less than 0.01) went unconfirmed.  This was expected as the bitcoin protocol requires a transaction fee if you are sending any tiny amounts. This wasn’t clear in the user interface though.  So yesterday we added some...