What is Bitcoin? Understanding BTC and other crypto ...
What is Bitcoin? Understanding BTC and other crypto ...
How to understand the bitcoin and cryptocurrency trading ...
Seven Effective Resources to Understand Bitcoin and ...
How does Bitcoin work? - Bitcoin
Understanding Bitcoin : 5 Steps - Instructables
Bitcoin for Beginners
Bitcoin for Beginners is a subreddit for new users to ask Bitcoin related questions. **Do not respond to strangers direct messaging you, as over 99% of these people are Scammers.** This subreddit allows open discussion where peer review occurs. /BitcoinBeginners is not for posting new websites, memes, faucets, affiliate links, news, concern trolling, blog articles, or promoting altcoins and ICOs. **Bitcoin related Questions only** No url shorteners (auto spam)
A community dedicated to Bitcoin, the currency of the Internet. Bitcoin is a distributed, worldwide, decentralized digital money. Bitcoins are issued and managed without any central authority whatsoever: there is no government, company, or bank in charge of Bitcoin. You might be interested in Bitcoin if you like cryptography, distributed peer-to-peer systems, or economics. A large percentage of Bitcoin enthusiasts are libertarians, though people of all political philosophies are welcome.
/btc was created to foster and support free and open Bitcoin discussion about cryptocurrency, Bitcoin news, and exclusive AMA (Ask Me Anything) interviews from top Bitcoin and cryptocurrency leaders. Bitcoin is the currency of the Internet. A distributed, worldwide, decentralized digital money. Unlike traditional currencies such as dollars, bitcoins are issued and managed without the need for any central authority whatsoever. Learn more about Bitcoin, Bitcoin Cash, cryptocurrency, and more.
I really just don't understand bitcoin, can someone help me out?
I have read a fair amount on bitcoin but I really can't fully understand it. I want to start trading for it, I have an account on localbitcoins.com and verified my identity. I also opened up a wallet with Bisq. I can't figure out the first thing I should do. If someone could point me in the right direction or link an easy-to-follow guide that they've found helpful, I would really really appreciate it. Thanks sm.
My wife doesn't understand Bitcoin, but I keep stacking sats.
My wife poos on my Lolli purchases because she doesn't understand the importance of Bitcoin. I also don't have the heart to tell her that I have purchased a fair amount of Bitcoin for us and our four children. How can I best educate someone who doesn't want to be?
[ Bitcoin ] To Understand Bitcoin, Close Your Eyes and Imagine Eternal Life
Topic originally posted in Bitcoin by dumgenius [link]
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Economic advantages of Bitcoin is what everyone should start with when trying to understand Bitcoin.
Even today majority of the people don’t really understand what Bitcoin is, which is a major factor that is stopping Bitcoin from becoming a global currency sooner. Myself a few months back didn’t really pay attention to cryptocurrency. I have invested in Square stock, only started digging deeper and started trying to understand Bitcoin after Square bought Bitcoins. There are multiple different subjects one needs to understand in order to understand Bitcoin as a whole such as computer networking and computer security, mathematics and economics. I really believe one should start with economics side of it such as gold standard, fiat money, devaluing the money and inflation. If you can understand the problem with fiat money then you will start to appreciate Bitcoin.
[ CryptoCurrency ] So True: Nearly No One is Interested in Understanding Bitcoin
Topic originally posted in CryptoCurrency by wmredditor [link]
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How to understand people that don't understand bitcoin.
Every new significant technology is "paradigm shifting". The term paradigm shift means "a fundamental change in approach, or change in underlying assumptions". In other words, to understand any new technology whether that is human flight, electricity, the internet or bitcoin you first need to change your underlying assumptions and change your approach. Trying to understand a new technology while maintaining legacy assumptions and legacy approaches will leave you unable to comprehend the feasibility of the new modus operandi. To understand human flight you first needed to accept that air could hold the weight of a human, and let go of the false assumption that humans were too heavy to ever be able to sustain travel through the sky. To understand electricity you first needed to accept that lightning could be contained in copper wiring, and let go of the false assumption that electricity could not be controlled and manipulated without electrocution. To understand email you first needed to accept that information could be transmitted between computers digitally, and let go of the false assumption that information flows needed telephone lines and pieces of physical paper (mail/fax). In the same respect, to understand bitcoin you need to change your paradigm. It is impossible to understand bitcoin without changing your approach to money or changing your underlying assumptions of what you think money is or what you think money has to be. To understand bitcoin you first need to accept that money can be digital, money can be decentralised and money can be intangible, and let go of the false assumptions that money needs physical form, money needs to be backed by government or backed by gold and money needs to be tangible. Money can be anything we collectively choose it to be, money can be purely digital, money can be decentralised and money can be intangible, so long as it holds utility and scarcity. The ability to send any amount of a scarce asset anywhere on earth instantly for free without intermediaries holds immense utility. So, in order to understand people that don't understand bitcoin, just know it is because they are slow to let go of their false underlying assumptions of what they think money is or what they think money has to be.
Trying to understand bitcoin transactions and multiple addresses.
Hello friends. I need your help to understand some things about the bitcoin transactions that confuse me a lot. Particularly I generated an address from my Ledger Nano X and I removed 0,104 BTC from an exchange and now comes the difficult part. When I typed the receiving address ( from Nano X ) to the blockchain explorer is appearing the following image where in the left there is a list of 7 addresses which I think that belongs to the exchange and in the right side there are 100 addresses and only one of them is the address that I generated with my Nano X. I cannot understand why there are 7 addresses and why the 6 of them are the same ? I removed only 0,1 BTC, why the exchange did not use just one address ? and the most confusing why there are 100 addresses on the other side? I generated just one. Also, the small globes with the red (spent) and green (unspent) color, what do they symbolize? Sorry for the long post and thank you in advance for your time. https://www.blockchain.com/btc/address/3Qii5Vhx5mrXJ1YDqYQNBjTjiQmcBGm13o
Fiat is Trash: A Simple Way to Understand Bitcoin's Use Case
I used to hear Bitcoiners say Fiat is trash. I just got the chance to experience it first hand. Before COVID NGN370 = $1 Today's Rate NGN470 = $1 Many became poor right in front of their eyes, and without even knowing it. Bitcoin is an excellent hedge against currency devaluation such as the one that has rocked Nigeria since the COVID-craze started. That is the use case!
How to understand the bitcoin and cryptocurrency trading aspects. Guest Author Posted On August 18, 2020 0. 27. Shares. Share On Facebook; Tweet It; Bitcoin is a cryptocurrency that can be spent, spared, or contributed, and even taken. Exchanging with bitcoins was viewed as dangerous; however current patterns show that it has become a significant hit in the double alternatives segment. This ... Understanding Bitcoin: Bitcoin is a new form of currency that seeks to change how online business is done. This instructable seeks to not only get you to understand what bitcoin is, but how you can get started mining your own bitcoins at home! Check out this quick video f… Seven Effective Resources to Understand Bitcoin and Cryptocurrencies In this fast-paced world, information is constantly thrown at you. The task therefore is to find the gold nuggets in the piles of dirt. The same goes for information regarding Bitcoin and its neighbouring cryptocurrencies. With people realizing more than ever before that there is an alternative to traditional fiat currencies ... Bitcoin is edging into the mainstream as US authorities and big business start to recognize this virtual currency. Find out if it's right for you. Bitcoin wallets keep a secret piece of data called a private key or seed, which is used to sign transactions, providing a mathematical proof that they have come from the owner of the wallet. The signature also prevents the transaction from being altered by anybody once it has been issued. All transactions are broadcast to the network and usually begin to be confirmed within 10-20 minutes ...
Bitcoin explained and made simple Guardian Animations ...
Bitcoin has been all over the news in recent days, reaching all-time highs then dropping thousands in minutes. So what is the hype all about? Whether or not it's worth investing in, the math behind Bitcoin is an elegant solution to some complex problems. Hosted by: Michael Aranda Special Thanks: Da... Subscribe to ClickHole http://bit.ly/1qugIEe Like ClickHole on Facebook https://www.fb.com/clickhole Follow ClickHole on Twitter https://twitter.com/ClickHole Baffled by bitcoin? Confused by the concept of crypto-currencies? Well, fear no more. In 190 seconds we explain what bitcoin actually is, where the idea came... Enjoy the videos and music you love, upload original content, and share it all with friends, family, and the world on YouTube.