Does anyone know of an explanation of the bitcoin protocol in plain English? I'm a non-math guy who's trying to write a legal treatise on the use of bitcoin, and I'd like to give some background on how it works to my readers. Can anyone help?
Direct links to them for your convenience:
Html transcript here: http://www.grc.com/sn/sn-287.htm
Text transcript here: http://www.grc.com/sn/sn-287.txt
Pdf transcript here: http://www.grc.com/sn/sn-287.pdf [pdf]