Bitcoin explained: Here's everything you need to know - CNET
Bitcoin explained: Here's everything you need to know - CNET
What is bitcoin? - CNNMoney - Business News
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Bitcoin: 5-Part Summary On What Bitcoin Is And Its Value ...
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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.
Bitcoin summary in this subreddit's sidebar is outdated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 is the future economy - Our goal is to highlight the importance of earning & accumulating small fractions of it, now and into the future. Once you've installed a Bitcoin wallet on your computer or mobile phone, it will generate your first Bitcoin address and you can create more whenever you need one. You can disclose your addresses to your friends so that they can pay you or vice versa. In fact, this is pretty similar to how email works, except that Bitcoin addresses should be used only once. Bitcoin is a cryptocurrency created in 2009. Marketplaces called “bitcoin exchanges” allow people to buy or sell bitcoins using different currencies. 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. Summary of Summary Bitcoin provides trustless means of executing electronic payments of any denomination and tactfully solves the problem of double-spending without a trusted third party. The integrity of the Bitcoin network is maintained through a proof of work system that records a public history of transactions that quickly becomes computationally impractical for an attacker to change.
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