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.
Bitcoin summary in this subreddit's sidebar is outdated
Bitcoin is the currency of the Internet. Really? Is that what it is? With Bitcoin, you can be your own bank. Booooring. Nicely summarised on http://theumlaut.com in one of their blogs: Bitcoin is a currency, a platform, a protocol, a network, an ethos. I think that is a lot closer to what Bitcoin is than saying 'it's the currency of the internet'. So 2011. What are your thoughts?
[uncensored-r/Bitcoin] Deutsche Bank publishes short Dossier about Bitcoin. Summary: Disruptive technology with high cha...
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[uncensored-r/Bitcoin] Summary of what happened past months... It's all about speculation, speculation, speculation...
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[uncensored-r/Bitcoin] Summary of Events, Bitcoin vs. Bitcoin Cash
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[uncensored-r/Bitcoin] Summary of my morning today: Kraken Error 502
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[uncensored-r/Bitcoin] Summary of events, Bitcoin vs. Bitcoin Cash
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[uncensored-r/Bitcoin] Summary of the Bitcoin Cash fork
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Help with a bitcoin summary "for dummies" from an industry blogger.
Guys - would love some feedback on the below summary that I send to all of my new "daily bit" subscribers. For context, I'm an entrepreneur and former VC making the business case for how bitcoin will move from speculative investment vehicle to mainstream utility. (There aren't many like me.) I understand bitcoin conceptually, but I can always improve how I summarize it. Please grade me for the summary below and help me make this summary clearer...keeping in mind that the audience is business readers. (And if you would like to subscribe - shoot me a note to [email protected]) Thanks!!! A primer on Bitcoin... Bitcoin is a decentralized digital currency and open-source technology platform that helps people and businesses exchange money simply and securely at virtually no cost. The genius behind Bitcoin (the technology/protocol is capitalized while the currency is lowercase) lies in the fact that it dis-intermediates financial institutions and central banks from commercial transactions and the management of the money supply. As a result, Bitcoin has the potential to eliminate a large chunk of the 2-3% financial intermediary "tax" that hangs over the global economy. Bitcoins are both a good store of value (because their purchasing power isn't diminished by inflation) and excellent payment system (because transactions are settled instantly and for 95% less cost than through other existing methods). The bitcoin currency and Bitcoin protocol were released simultaneously by a (group of) pseudonymous author(s), Satoshi Nakamoto, in January 2009. The technology combines innovations in computer science, cryptography and economics to create a secure method of completing and verifying financial transactions, which may only be verified through a peer-to-peer network (similar to file-sharing technology like BitTorrent) and single universal public ledger (the "transaction block chain"). Every single bitcoin transaction that has ever been made (and that will ever be made) is added to this ledger and must be publicly verified by the massive Bitcoin network. The integrity of the entire system is kept intact thanks to this network of hackers/computers who expend time, energy and computing power to correctly process batches ("blocks") of transactions to the public ledger. The system is nearly impossible to game due to the way that cryptography works, as long as there are more good actors than bad in the system. Given that this is a decentralized, largely libertarian community whose collective computing power dwarfs that of any central authority, most people are comfortable with the system’s integrity. (The Chinese and U.S. governments could throw all of their collective computing power behind Bitcoin, and still represent a mere fraction of the network.) And because Bitcoin is an open-source protocol whose entire transaction history is 100% public (though encrypted) and verifiable, the community can make fixes and upgrades to the underlying technology and trace transactions all the way back to the beginning of Bitcoin (“the genesis block”).
Federal court DENIES Craig Wright's motion for summary judgment completely. The lawsuit over how Craig owes half a million bitcoins he doesn't control to the guy he didn't create Bitcoin with goes to trial in Jan 2021. Here's a lawyer's explanation.
I recently got my first job and planning to invest some money in bitcoin. Give me 1 reason why should I invest and 1 reason why I shouldn't invest. I will collate all the replies and create a nice summary for all of us.
Bitcoin price - summary of the most important information from the market; Bitcoin's price is above $ 12,000. Altcoins far behind; BTC price: calm before the storm? Analysts say whether a return to the bull market is possible; ETH price on the way to 500 USD: 60% of all Ether has not been transferred in over a year; BTC is trading sideways - what do analysts expect? Bitcoin is getting closer ... Bitcoin News Summary – March 30, 2020 By Steven Hay Last updated on March 30, 2020 at 22:22 No Comments Binance exchange is bringing a new crypto debit card, called Binance Card , to market. BITCOIN – PART I. We’re going to write a lot about Bitcoin over the next few months, as it's pretty topical. Just this weekend, in fact, China got mad with the cryptocurrency and is now ... Every bitcoin story must include an image of a physical bitcoin. Note: Physical bitcoin coins do not really exist. Science Picture Co We're guessing: yes, you have. Bitcoin is the future economy - Our goal is to highlight the importance of earning & accumulating small fractions of it, now and into the future.
Bitcoin Formula Summary. In summary, there are some evident principles that have actually been checked. with time, #BitcoinFormula #BitcoinFormulaReview Bitcoin Formula, Bitcoin Formula Review ... It came to my attention that some people think you have to buy a full bitcoin. I created this little video to address that concern. BTC summary for 06/12/14: . still above 10 minutes...ugh....Living at the end of the world (Vancouver, BC, Canada) I often post these videos at the start of ... Bitcoin Summary for 083014 (Saturday Edition). Overview of the BTC & LTC markets (30m). Key levels, setups and areas of interest examined on BTCe, BTCFinex, BTCOKCoin and LTCFinex. I went a little ... Bitcoin Summary for 071814 (short). Levels, setups and areas of interest explored on the daily, 4 hour and 1 hour charts. 30 minute summary available in RI's...