[1]Following our last primer on the digital currency [3], prices have somewhat stabilized (despite the ongoing efforts of TPTB to regulate it out of existence [4]). The following infographic provides a step-by-step illustration of how a bitcoin transaction occurs.
[5]
(via bitcoincharts.com [6])
(click image for legible large version)
[7]
(h/t Dr. Constantin Gurdgiev via True Economics blog [8])
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Links:
[1] http://www.zerohedge.com/users/tyler-durden
[2] http://www.zerohedge.com/taxonomy_vtn/term/12425
[3] http://www.zerohedge.com/news/2013-04-22/bitcoin-or-betacoin-what-venture-capitalists-are-thinking
[4] http://www.zerohedge.com/news/2013-05-06/us-regulatory-vice-closes-bitcoin
[5] http://www.zerohedge.com/sites/default/files/images/user3303/imageroot/2013/05/20130512_BTC1.jpg
[6] http://www.bitcoincharts.com/charts/mtgoxUSD#rg60ztgSzm1g10zm2g25zv
[7] http://www.zerohedge.com/sites/default/files/images/user3303/imageroot/2013/05/20130512_BTC.jpg
[8] http://trueeconomics.blogspot.com/2013/05/1252013-how-bitcoin-works.html