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!
I got bored of looking at the price and cursing how late I got in, so I’ve spent months researching bitcoin, how it works and how it’s improving
And I’m still only scratching the surface. It really is a beautiful technology. Some of the new developments, particularly around privacy, are amazing are actually driving cryptographic research. The more I know the more I see this technology as destined to be a part of the future. While things are quiet I recommend everyone learn as much as they can!
Bitcoin - The Definitive Guide: Revealing Everything About Bitcoin, How it Works, Blockchain Technology, Bitcoin Cash, Trading, Investing, Mining, Security ... the Future of Money (Cryptocurrency Book 1) by Damien J Hunter
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Do you accept Bitcoin, how's it worked out for you?
It seems every other post on Reddit complaining about credit card fees or chargebacks has a comment about the benefits of Bitcoin. So retailers who accept Bitcoin I'd like to know from you whether it's been worth it, what % of transactions do you get via Bitcoin? If you could provide more details about what industry you are in and how you accept it (direct or through a processor like Coinbase) that would be good too. Edit: Please, let's keep this to facts of peoples experiences accepting Bitcoin. There are plenty of other threads where you can discuss your opinion on it.
I'm writing an article in my high school newspaper about bitcoin, how it works, how it's used, how it's growing in use, etc. I wanted to know a little bit more about certain aspects of bitcoin to ensure my article is accurate.
Nobody really reads our school newspaper, but I still want to make sure it is accurate. I have a basic understanding of how bitcoin and the bitcoin network functions. bitcoin seems like a good resource to use. However, after a lot of reading, I am still unsure how the block chain is supported and maintained. What exactly is open source? Could someone explain whether the bitcoin protocol, or the bitcoin wallet client is open source. I understand that people can modify their own client as long as it is compatible with the bitcoin network, but how are public addresses created and approved? And if they are approved by someone or something, then aren't the private passkeys associated with each address also stored somewhere, so that someone else could get access to it? Hopefully I can learn enough to provide a readable summary. My goal is to make bitcoin seem approachable to anyone who is completely unfamiliar with it, and for the reader to see the advantages cryptocurrencies have. Thank you to anyone who responds. I may have future or follow up questions. I have had a bitcoin wallet for a few months now and have made a few transactions.
Andreas Antonopoulos: This whole "what is ETH supply" thing is a silly gotcha that doesn't make much sense if you understand how Ethereum works. It's no better than the silly gotchas Schiff and Roubini level at bitcoin.
Each bitcoin math problem has a set of possible 64-digit solutions. A desktop computer, if it works nonstop, might be able to solve one bitcoin problem in two to three days, however, it might take longer. How Bitcoin Works. By Prypto . Bitcoin is changing the way people think about money by planting a seed of doubt in people’s minds — in a positive and thought-provoking way. Mind you, given the financial crises over the past decade, it’s understandable that some people are trying to come up with new and creative solutions for a better ... In fact, this is pretty similar to how email works, except that Bitcoin addresses should be used only once. Balances - block chain. The block chain is a shared public ledger on which the entire Bitcoin network relies. All confirmed transactions are included in the block chain. It allows Bitcoin wallets to calculate their spendable balance so ... Bitcoin, the digital currency, has been all over the news for years. But because it’s entirely digital and doesn’t necessarily correspond to any existing fiat currency, it’s not easy to understand for the newcomer. Let’s break down the basis of exactly what Bitcoin is, how it works, and its possible future in the global economy. Bitcoin is a cryptocurrency that is conducted on a public ledger, the "blockchain." Digitally transferred, it exists only online. Much like gold, it can have monetary value while also being a ...
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