RATE Group | Dear JK Rowling: Bitcoin is Magic
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Dear JK Rowling: Bitcoin is Magic

15 May Dear JK Rowling: Bitcoin is Magic

Posted at 23:18h in Bitcoin News by

As part of a recent tweet calling on all novelists to message her with their questions on Bitcoin, CoinDesk journalist Leigh Cuen publicized a tweeted response from none other than beloved Harry Potter author, J.K. Rowling.   

“I don’t understand Bitcoin,” Rowling said, adding, “Please explain it to me.”

Dear JK Rowling:

The first thing you need to understand is that Bitcoin is magic. It allows you to exchange money with anyone in the world instantly, cheaply and securely, without the need for any centralized, Goblin-based banking authority.

Chapter 1: The White Paper From No One

Bitcoin was invented by a mysterious computer programmer named Satoshi Nakamoto — almost assuredly a pseudonym. In Bitcoin’s 10 year history, the identity of Bitcoin’s creator has never been unearthed. We can refer to him here as He-Who-Has-Not-Been-Named.

Chapter 2: The Self-Writing Book

Ownership of each coin is confirmed and recorded instantly in a digital ledger, called a Blockchain — similar to…

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