How does Bitcoin work? - Bitcoin

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.
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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!
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Bitcoin & Cryptocurrency Day Trading

Bitcoin daytrading. Learn how to day-trade Bitcoin, Ethereum, Litecoin and the rest of the cryptocurrency market. Daily picks, which coins, what to expect.
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How to Understand Bitcoin Cash, BTC, and BSV

How to Understand Bitcoin Cash, BTC, and BSV submitted by Egon_1 to btc [link] [comments]

How To Understand Bitcoin If You're Over 40

How To Understand Bitcoin If You're Over 40 submitted by Mr_Eckert to Bitcoin [link] [comments]

How To Understand Bitcoin If You're Over 40

How To Understand Bitcoin If You're Over 40 submitted by bobbysteeles to btc [link] [comments]

How To Understand Bitcoin If You're Over 40

How To Understand Bitcoin If You're Over 40 submitted by unitedstatian to ethtrader [link] [comments]

How to Understand Bitcoin’s Hash Rate? ⋆ Crypto New Media

How to Understand Bitcoin’s Hash Rate? ⋆ Crypto New Media submitted by asmajda to CryptoStock [link] [comments]

How To Understand Bitcoin If You're Over 40

How To Understand Bitcoin If You're Over 40 submitted by sexyama to crypto_currency [link] [comments]

How To Understand Bitcoin If You're Over 40 - Forbes

How To Understand Bitcoin If You're Over 40 - Forbes submitted by prnewswireadmin to cryptonewswire [link] [comments]

How To Understand Bitcoin If You're Over 40

How To Understand Bitcoin If You're Over 40 submitted by leftok to atbitcoin [link] [comments]

How to understand bitcoin trading and where to buy b bitcoin

How to understand bitcoin trading and where to buy b bitcoin submitted by bitcoinofamerica2018 to u/bitcoinofamerica2018 [link] [comments]

How to Understand Bitcoin in Less Than 3 Minutes

How to Understand Bitcoin in Less Than 3 Minutes submitted by followthecoin to Bitcoin [link] [comments]

How to understand Bitcoin source code

How to understand Bitcoin source code submitted by knight222 to btc [link] [comments]

How-to Understand Bitcoins, a Bitcoin Primer

How-to Understand Bitcoins, a Bitcoin Primer submitted by qckbrnfx to Bitcoin [link] [comments]

How to understand Bitcoin source code

How to understand Bitcoin source code submitted by BitcoinAllBot to BitcoinAll [link] [comments]

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.
submitted by slvbtc to Bitcoin [link] [comments]

Question: How can people be competent enough to understand and own bitcoin but stupid enough to fall for a simple twitter scam?

Bitcoin Scammers Used Elon Musk's Name To Profit $2M Over Two Months
Isn't there a minimum level of competency required when it comes to understanding how cryptocurrency works and how to own it? How can these people be falling for the same kind of scams they use on old grandmas?
submitted by blobfishey to Bitcoin [link] [comments]

My friend who's a professional animator and artist, who I have been trying to teach Bitcoin for 3 years is finally a Bitcoin advocate! Just keep teaching your friends about it, no matter how long it takes; eventually they'll understand

My friend who's a professional animator and artist, who I have been trying to teach Bitcoin for 3 years is finally a Bitcoin advocate! Just keep teaching your friends about it, no matter how long it takes; eventually they'll understand submitted by OffBrandTonyStark to Bitcoin [link] [comments]

🤔 How to explain Bitcoin is not a scam to your parents?💡Try Blockchain Demo! - Understand why Blockchain is immutable in 3 mins - Learn about blockchain technology behind Bitcoin in an easy, fun, interactive way 💡 Comprehensive to starters

submitted by dapp_com to BlockchainStartups [link] [comments]

Yo, who know how can I buy a bitcoin? I tried with simplex a few days ago but don't understand how to(

submitted by mikehd7 to u/mikehd7 [link] [comments]

There is no doubt that the world is entering a period of financial instability. That is why it is more important than ever to understand how Bitcoin works. Save $1.99 and get The Crypto Mindset, a beginner's guide to the world of cryptocurrencies - free today on Kindle!

submitted by IvicaMil to FreeEBOOKS [link] [comments]

I am not a big user of bitcoin, I send 31$ in BTC and the transaction is still pending for 2h... is this normal? I don’t understand anything to the transaction details. It’s really hard to understand how work bitcoin exactly

submitted by Legomanfr to Bitcoin [link] [comments]

06-10 17:24 - 'Me and Bitcoin; it looks like trash to many, but cool cats like me know how valuable it is once we get to play with, and understand it' (i.redd.it) by /u/DM_Me_Your_Bitcoin removed from /r/Bitcoin within 17-27min

Me and Bitcoin; it looks like trash to many, but cool cats like me know how valuable it is once we get to play with, and understand it
Go1dfish undelete link
unreddit undelete link
Author: DM_Me_Your_Bitcoin
submitted by removalbot to removalbot [link] [comments]

8 mins.Adam from cryp tic ringing to help Lenny activate and trade using bitcoin revolution.Asks Lenny if he understand English, also asks if he is over 18. Asks Lenny if he knows how old he is, Lenny refuses to answer.

8 mins.Adam from cryp tic ringing to help Lenny activate and trade using bitcoin revolution.Asks Lenny if he understand English, also asks if he is over 18. Asks Lenny if he knows how old he is, Lenny refuses to answer. submitted by jasonmyblack to itslenny [link] [comments]

Bitcoin explained and made simple  Guardian Animations Daily Update Bitcoin  How To Read/Understand Technical Trend Analysis?  FAST&CLEAR  16.Jul.2020 The Secret to Understanding Bitcoin & Cryptocurrencies in Under 10 Minutes BITCOIN FOR BEGINNERS!  CRYPTOCURRENCIES FOR BEGINNERS! Daily Update Bitcoin  How To Read/Understand Technical Trend Analysis?  FAST&CLEAR  09.Jul.2020

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 for a better understanding of bitcoin. A lot of guides have been written to describe the basics of bitcoin. They usually start with an analogy around gold and mining, and something called the blockchain. These guides are great, but they often get into the technical weeds and don’t explain why people are investing in bitcoin or why it can change the future of money. In this guide, you’ll learn what bitcoin is, its pros and cons Getting Bitcoin blockchain explained is essential to understanding how blockchain works. The Bitcoin blockchain is a database (known as a “ledger”) that consists only of Bitcoin transaction records. There is no central location that holds the database, instead, it is shared across a huge network of computers. In other words, scientists still don’t fully understand what Bitcoin is doing to the planet. Which makes us feel better about the fact that we don’t understand how the hell Bitcoin works in "Bitcoin is not yet a money in the standard sense of a commonly accepted medium of exchange — you can purchase a pretty limited set of things with bitcoin at present," White says. "There is

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Bitcoin explained and made simple Guardian Animations

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 from and the impact it's having around ... AI powered professional analysis of the current price and trend for Bitcoin / BTCUSD. Hope you enjoyed this price analysis of Bitcoin / BTCUSD and subscribe to get fresh videos every day. ️ ️ ... The Secret to Understanding Bitcoin & Cryptocurrencies in Under 10 Minutes ... my goal is never to tell people "how things are," but to explore ideas that enable ordinary people to expand their ... This is a bitcoin for beginners video! We will discuss cryptocurrencies for beginners so you know the basics! Enjoy! * My Stock Market Investing Strategy link! Many people are looking to mine bitcoin or trading bitcoin for profits. As a professional trader, my goal is to help you learn how to understand the opportunities and risks with the crypto ...

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