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Mr. Bitcoin Norway

Who is Mr. Bitcoin Norway?

My name is Bjorn Kienholz Bjercke, and I have over 25 years of experience with IT solutions, of which 15 years are in the Banking and Finance sector. I read the Bitcoin whitepaper for the first time in early 2012 but my deep interest did not start before the summer of 2013. Ever since then, I have had the feeling that I have been contributing to the driving force for the world spinning toward the future. My profile page on Linkedin
TV Interviews:

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Mentions in Books:

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Definition of Bitcoin

Bitcoin is a digital currency that cleverly uses a combination of cryptography and decentralization for security and operates without a central authority such as a government or financial institution. Bitcoin transactions are recorded on a publicly distributed ledger called the blockchain.
Bitcoin has several characteristics that make it unique as a digital asset:
  • Non-debt-based: Bitcoin is not a debt instrument like a traditional currency or a financial asset like a bond. It is an independent asset that has value in itself.
  • Irreversible: Once a bitcoin transaction is made, it cannot be reversed. This is because the blockchain is an immutable record of all transactions, and once a transaction is included in the blockchain, it cannot be changed.
  • Digital: Bitcoin exists purely digitally and can be stored and transferred electronically.
  • Intrinsic value: The value of bitcoin is not derived from any external asset or authority, but rather from the security and inclusiveness of the payment system and decentralized governance structure on which it runs.
  • Transparent ledger: The blockchain is a transparent and open record of all bitcoin transactions, allowing for transparency and accountability in the system.
Overall, bitcoin is a decentralized digital currency that operates on a transparent, open network and has several unique characteristics that make it a valuable asset.

Definition of Blockchain

A blockchain is a decentralized, digital ledger that is used to record transactions across a network of computers. Each block in the chain contains a record of multiple transactions, and once a block is added to the chain, the data it contains cannot be altered. This makes it an immutable record of all transactions on the network.
The key feature of blockchain technology is that it allows for secure and transparent record-keeping without the need for a central authority. Because the transactions are recorded and verified by multiple parties, it is difficult for anyone to cheat the system or manipulate the data. This makes it an attractive technology for a wide range of applications, including financial transactions, supply chain management, and voting systems.


University of Nicosia

Lesson number Professor Link
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MOOC 13, 07th Andreas M. Antonopoulos UoNDC.png
MOOC 13, 08th Antonis Polemitis UoNDC.png
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Coinbase Transaction Laundering

Decoupling Bitcoins from Their Transaction History Using the Coinbase Transaction
Bjørn Bjercke & Keir Finlow-Bates 26 March 2020
The inspiration for the paper was a Halloween Linkedin post by Phil Millo
4th of January 2017 a person pays 50 btc in fees
Check out block 44663

What we need

Learn more about this space

The issue of electricity usage is covered from 41 min. into this film

FBI

If your thinking about using bitcoin for illegal activity, think again and see this:
How the US government is using blockchain.




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