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Theory of Bitcoin
Theory of Bitcoin is a mildly navel-gazing space for inquiring into what makes Bitcoin work as a currency, why it's a better currency than the others, and what we in a community can do to help make it better.
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Cryptopia film makes for an engaging journey for the Bitcoin curious that is every bit as entertaining as it is educational. This documentary film attempts to explain what makes Bitcoin so special as a new digital currency. (x-post from /r/Bitcoin)
Cryptopia film makes for an engaging journey for the Bitcoin curious that is every bit as entertaining as it is educational. This documentary film attempts to explain what makes Bitcoin so special as a new digital currency.
I am new to the bitcoin world. I have a little currency in mycelium wallet, but the purchase I'm trying to make is LITERALLY 0.00001 more than I have. I want to add to it, but there is a $45 min to buy, but I only have $20... What can I do?
Let's have a clear and open discuss on what makes some people believe bitcoin is a currency and others say it can never be a currency. What defines a currency? What would make it so that the next time I google search bitcoins price it isn't measured in USD, it is measured in satoshis.
Will USD always be around in fiat form. What about a USD coin actually backed by the federal reserve. What makes currency anyway? Imagine we drop fiat and just use digital tokens. It makes sense to always have a type of card where said digital currency is stored. Instead of $1000 USD in fiat in a visa well we have $1000 in USD coin in visa. No one uses fiat anymore. This could be a reality. Not sure why as I skim this subreddit I see a lot of hatred towards crypto. I am not sure if they are trolls or from investing lol . The point is the zeitgeist and even the overton window will most definitely shift post COVID-19. Banks are empty and not many people are using fiat because of the crisis going on. To make the case that banks keep our USD crypto is also laughable. Essentially there would be no need for them. With everyone having their own wallet. The idea won't fly though as hey Mr. 60 year old with dementia just lost 40k in USD retirement because he lost his crypto key. Overcome that little obstacle and even the haters of crypto would come around. SO, maybe banks should stick around then huh? Keep our keys safe. Wouldn't that work against what crypto is supposed to be about? This is far too complicated for even top economists to answer huh. I end with what I started. I believe we are moving towards a digital age. We shall see where things go from here.
FED crypto currency (CBDC)? Any one have thoughts on this & what it could possibly mean for bitcoin?...”The advent of Bitcoin as a de facto currency is forcing the global banking community to realize that they are still working on an infrastructure that is hundreds of years old - and outdated.”
Mann I remember trying to put y’all on to crypto currency on the PlayStation fortnite community several months back and y’all got my account that I had for like 10 years banned off psn as a whole🙄😏crypto is key what more can I say.. bitcoin is god that’s it...
Bitcoin is a digital Crypto currency used to transfer funds, operating without any central bank or any central government. Bitcoin is the first Crypto currency that opened the doors for many other Crypto currencies to follow suit. It is free to store Bitcoin but it does cost a small fee to send it. Bitcoin is a decentralized virtual currency. This currency is exchanged digitally and managed by a peer-to-peer network, rather than a central bank or authority. The supply of Bitcoins is automated and released to mining servers; with a limit of 21 million Bitcoins being reached by 2140. Each Bitcoin is a piece of code that has its own transaction log with timestamps. The coins are stored in ... 90-99% of all the bitcoin is owned by 1% of all the users. revolutionary. each account has its own blockchain. rewards. incentives for introduction. scalable. for world use. accessible. more user friendly. greener. 100000 x more energy efficient than bitcoin. fair. highest scale distribution ever. download the mobile app . giving the power back to the people. a fairly distributed, greener, fee ... Top cryptocurrency prices and charts, listed by market capitalization. Free access to current and historic data for Bitcoin and thousands of altcoins. Bitcoin’s original inventor is known under a pseudonym, Satoshi Nakamoto. As of 2020, the true identity of the person — or organization — that is behind the alias remains unknown. On October 31, 2008, Nakamoto published Bitcoin’s whitepaper, which described in detail how a peer-to-peer, online currency could be implemented.
What is Bitcoin? Bitcoin Explained Simply for Dummies ...
BITCOIN The Digital CURRENCY: What is It ? Can This Be The New GOLD Standard It's even gotten the attention of economic heavyweight Paul Krugman, who has sai... Whether or not it's worth investing in, the math behind Bitcoin is an elegant solution to some complex problems. Hosted by: Michael Aranda Special Thanks: Da... This introduction to bitcoin explains what is a crypto-currency and what exatly is a bitcoin? Also touched on are the other major currencies such as litecoin... If money is only valuable when we believe in it, how much is a BitCoin actually worth? Jonathan explains the virtual currency as well as how to mine it and t... Start trading Bitcoin and cryptocurrency here: http://bit.ly/2Vptr2X Bitcoin is the first decentralized digital currency. All Bitcoin transactions are docume...