The complete list of Bitcoin terms and what they mean — Reading about a subject without knowing the meaning of every technical term becomes real frustrating real fast. We all need easy-to-understand but accurate definitions. So here’s my attempt: bitcoin — the currency Satoshi/Sat = 100,000,000 of them make one bitcoin. They are the cent to the € and the penny to the $. It’s…

His idea of an energy-backed currency — In 1921 the New York Times published a report about Henry Ford’s plan to replace gold with energy as the new basis for global wealth. His problem with the system at the time sounds familiar. It was too centralized. A small group of bankers controlled the bulk of gold’s supply…