Bitcoin 101: Understanding the Basics - Techlicious
Bitcoin 101: Understanding the Basics - Techlicious
How does Bitcoin work? - Bitcoin
Seven Effective Resources to Understand Bitcoin and ...
About – Understand Bitcoin
Still Don't Get Bitcoin? Here's an Explanation For Five ...
Bitcoin - The Currency of the Internet
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.
New to Bitcoin? Confused? Need help? You've come to the right place.
Bitcoin is an internet based decentralised currency. Similarly to Bittorrent, but Bitcoin uses a public ledger called the blockchain to record who has sent and received money. It's very new, and for many very confusing. BitcoinHelp aims to rectify this. Whether it be explaining how it works, how to use it, how to buy Bitcoins, how to integrate Bitcoins into your business. Sharing your successes as well as failures in order to help others is also gladly received. Ask away!
Reminder for newbies: If you bought bitcoin on a website/app, you DONT own bitcoin. You own a "bitcoin IOU" that carries none of the benefits/freedom of Bitcoin. Your goal: Keep learning about Bitcoin until you understand how to take your bitcoin off the website/app and into a hardware wallet.
If 20% of people in the world woke up today to understand how dangerous inflation is, Bitcoin would be worth $1M tomorrow
The good thing is, only 1% of that number will be enough to get Bitcoin above $50k. Betting against a $50k Bitcoin price in the future is the same as betting that the whole world will remain ignorant forever :)
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.
Bitcoin is not just a cryptocurrency, but also a new financial system comprised of many components. It was invented in 2008 by the mysterious Satoshi Nakamoto and released shortly after to the ... 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 ... 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. Still Don’t Get Bitcoin? Here’s an Explanation Even a Five-Year-Old Will Understand Here’s an Explanation Even a Five-Year-Old Will Understand Jan 9, 2014 at 13:00 UTC Updated Mar 20, 2020 ... 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 ...
How To Trade Bitcoin Cryptocurrency for Beginners - YouTube
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