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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What today's landmark Federal Reserve speech means for money: As the dollar is devalued, Bitcoin will shine as a hedge against inflation and alternative reserve currency.
What is an actual, reasonable, and informed perspective on the likelihood and nature of America making Bitcoin, and crypto-currency in general, illegal?
Bitcoin as of recent ruling a few months ago is now considered 100% legal/valid/acceptable currency in Canada. True or False? If true, what is the ruling, and where can I find it? TIA
What today's landmark Federal Reserve speech means for money: As the dollar is devalued, Bitcoin will shine as a hedge against inflation and alternative reserve 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.
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)
The Bitcoin blockchain size is 253GB now, what does this mean when cryptocurrency in general become mainstream, replacing traditional currency?
I unknowingly kept the blockchain on my computer the whole time, until realizing it today and deleted it, freeing half the size of one of my hard drives. This makes me think of what it means for the future. Crypto is not mainstream at all, but suppose that in 5 years it replaces traditional currency in some countries, the amount of transactions will skyrocket. An average person will not longer have the resources to either check the blockchain, or store it locally. Would it defeat the purpose that people will have to trust a few "centralized" 3rd parties to store and validate the blockchain? I think those parties are highly likely to be owned or controlled by governments. Would they just become "banks" like today?
I’m new and wondering what the best way to bitcoin is and the best wallets and how to transfer that to other currency’s like Xmr(I just downloaded Cake Wallet)
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?
The Bitcoin blockchain size is 253GB now, what does this mean when cryptocurrency in general become mainstream, replacing traditional currency?
I unknowingly kept the blockchain on my computer the whole time, until realizing it today and deleted it, freeing half the size of one of my hard drives. This makes me think of what it means for the future. Crypto is not mainstream at all, but suppose that in 5 years it replaces traditional currency in some countries, the amount of transactions will skyrocket. An average person will not longer have the resources to either check the blockchain, or store it locally. Would it defeat the purpose that people will have to trust a few "centralized" 3rd parties to store and validate the blockchain? I think those parties are highly likely to be owned or controlled by governments. Would they just become "banks" like today?
@WSJ: Although bitcoin hasn’t found success as a mainstream, transactional currency, it is increasingly used in scams. Here's what you need to know about it. https://t.co/HFO2IndibP
In a world where Bitcoin is the currency, and a pandemic happens, the stock market crumbles, and we need the equivalent of $2 trillion dollars, what do we do?
Not saying that creating $2 trillion is a good idea, I am very against it. But the world would want to function the same (I guess) hence this hypothetical scenario.
What Is Bitcoin (BTC)? Bitcoin is a decentralized cryptocurrency originally described in a 2008 whitepaper by a person, or group of people, using the alias Satoshi Nakamoto.It was launched soon after, in January 2009. Bitcoin is a peer-to-peer online currency, meaning that all transactions happen directly between equal, independent network participants, without the need for any intermediary to ... There’s bitcoin the token, which refers to the keys to a unit of the digital currency that users own and trade. A bitcoin token is held in a bitcoin wallet that is identified by a string of ... Although Bitcoin was designed to be used as a digital currency to compete with the status quo of the dollar, pound, yen, euro, and other fiat currencies, most people buy it as a speculative ... Where Bitcoin fits into the world currency rankings The US dollar (USD) is currently by far the largest fiat currency by circulating supply. According to the US Federal Reserve , there is $1.95 trillion worth of Federal Reserve notes and coins in circulation—more than three-quarters of which is made up of $100 and $20 bills. Bitcoin is a digital or virtual currency created in 2009 that uses peer-to-peer technology to facilitate instant payments. It follows the ideas set out in a whitepaper by the mysterious Satoshi ...
WHAT IS BITCOIN - Bitcoin Explained For Dummies ...
At that time the cryptocurrency bitcoin was nothing more than a program but now after 8 years it has reached to new heights breaking the barrier between countries and its currencies. Bitcoin: The One World Currency The Modern Investor. Loading... Unsubscribe from The Modern Investor? Cancel Unsubscribe. Working... Subscribe Subscribed Unsubscribe 160K. ... Start trading Bitcoin and cryptocurrency here: http://bit.ly/2Vptr2X Bitcoin is the first decentralized digital currency. All Bitcoin transactions are docume... What Is Bitcoin? Originally an alternative to typical fiat currency Bitcoin is now widely traded through various exchanges. The systems in place enable payme... 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...
