What the hell is Bitcoin - and why should you care?
What is bitcoin? - CNNMoney - Business News
What the Hell is Bitcoin? New Trader U
What the Hell is Bitcoin, Anyway? - Acropolis Investment ...
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Want to cash in on the Crypto-coin craze but don't have time to learn all that complicated tech-jargon? How do you set up a wallet? What the hell is a block-chain? Why doesn't bitcoin mining on my desktop computer make me rich? It's probably all a scam anyhow... Cookiecoin™ was made just for you!
My quick "what the hell is a bitcoin anyway" intro. Target audience is actually-normal non-geek people - if someone asked you what on earth this "bitcoin" thing was, you should be able to answer from this. Critique welcomed.
What you have when you have a bitcoin If you have bitcoins, what you have is control of a Bitcoin address with a positive total balance of transactions linked to it. A wallet is software running on your computer which manages the address and its linked transactions, and presents you with a total. Although it's common to speak of “having” bitcoins on your computer, what you actually have is just the private key to a Bitcoin address. What this key does is tell the software running on the Bitcoin network that you have the authority to send bitcoins from that address. You can send an arbitrary quantity of bitcoins from your address to another address by generating a transaction that is sent out into the network and added to the next block of transactions. If you lose the key, your bitcoins are lost forever. Bitcoin security can be very technical, difficult and unforgiving; most people just keep a balance on an exchange. (This has its own problems, as we’ll see later.) You can keep your bitcoins’ keys in a hot wallet, running on a computer attached to the Internet, or in a cold wallet, which can be a computer not attached to the Internet, or just the private keys stored on a USB stick or even printed out on paper. Buying bitcoins can be fraught. Even mostly-unregulated exchanges increasingly comply with Know Your Customer anti-money-laundering laws, demand trustworthy government identification and will cut off your account if you’re doing anything that appears suspect. (20% of CoinBase staff work in compliance.) You can obtain bitcoins at a price premium, and much greater risk, from less trustworthy sources, down to buying them in person from someone you met on LocalBitcoins. Other cryptocurrencies are obtained similarly, or you can buy bitcoins and then the other coin with those. It’s worth noting that some banks in the UK and Australia have closed people’s accounts for Bitcoin-related activity – they have a stigma as a currency widely used for legally questionable transactions.
What does Bitcoin Diamond do and how the hell is it worth half a billion?
It's, what, the 6th fork of Bitcoin? sudden 80% increases and decreases in price, it's website struggles with basic English..
"Adding on Lighting network to fast transaction. Do Not require trust of Payment Channels to realize a real-time, massive transaction network." "The high Transaction Fees associated with Bitcoin has become a great resistance for transfers and extremely hindered the volume for users to choose Bitcoin."
Why would someone use this as a currency? "let's go buy a car with Bitcoin Diamond, oh wait nvrmind, it's twice the price" It's POS, but POS for what? more of something that doesn't seem to have any use or function I don't get it
Why is it when I do a Google search for 'bitcoin price', the result *still* includes an article from November of 2013?? You know the one it's "12 questions about Bitcoin you were too embarrassed to ask". What the hell, Google?
In 2013, when Bitcoin prices were surging, a few readers asked me to write about Bitcoin. I didn’t know much about it and didn’t write the article because I thought that Bitcoins didn’t seem legitimate, but they’re on a tear, so I’m giving it a shot. Bitcoin is the first, largest and best-known crypto-currency. But what is a crypto-currency? That’s a harder question. To answer it ... Bitcoin is a digital currency, created to take out the middleman (read: the banks) and put control of the currency and its value in the hands of its users. What the Hell Is Bitcoin Mining? A beginner’s guide to the intricate world of creating new bitcoin — and maintaining the network that supports it Sean Burch April 6, 2018 @ 2:43 PM What is bitcoin? Bitcoin is both a digital currency and a payment system. To take a point of reference, with regular money, like the Dollar, you have the currency on the one hand: the Dollar, and payment systems on the other, like ATMs or checks. Bitcoin is both the currency and the means that allow transactions to be made. Bitcoin is one of the biggest buzzwords in the financial space, but many people don't know how to buy the leading cryptocurrency, a task as simple as downloading a mobile app.
I need help understanding what the hell Bitcoin is, but more specifically, how it works and how it holds such high value. [subscribe] for upcoming videos about my college experience at the ... Paul Henry asks the question "what the hell is a Bitcoin?" On the Paul Henry Show in New Zealand. Why did your last Bitcoin transaction take so long to confirm? And why are transaction fees higher? Get some answers, and maybe more questions, in this video. Check out our new channel! http ... What The Hell is A Bitcoin? Explained - Duration: 6:20. The Future Is Cryptocurrency 6,878 views. 6:20. Live Bitcoin Trading With DeriBot on Deribit DeriBot Backup 196 watching. CryptoMaz walks you gently through all things bitcoin, like what the hell is it?!! #Crypto #CryptoMaz #Bitcoin #Whatisabitcoin If you fancy dipping you toe i...