What Are Bitcoins and How Do Bitcoins Work?

BitcoinAirdrops

Bitcoin is the currency of the Internet: a distributed, worldwide, decentralized digital money. Unlike traditional currencies such as dollars, bitcoins are issued and managed without any central authority whatsoever. While bitcoin tokens on the original network can't be copied or counterfeited, the protocol is open source and can be recreated with different parameters. We call these Airdrops.
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Mining Bitcoin

Bitcoin mining is analogous to the mining of gold, but its digital form. The process involves specialized computers solving algorithmic equations or hash functions. These problems help miners to confirm blocks of transactions held within the network. Bitcoin mining provides a reward for miners by paying out in Bitcoin in turn the miners confirm transactions on the blockchain. Miners introduce new Bitcoin into the network and also secure the system with transaction confirmation.
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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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ELI5: Bitcoins. What are they, why are they sketchy, how do you get them, and why are they better then Runescape-currency?

I have read the wiki page on them, but I found that there were some terms, both economically and computational, that I didnt quite understand. When I compare them to runescape-currency I am actually asking what makes them more 'reliable' or better than any other kind of online currency, be it in-game or not.
submitted by ProUsqueTandem to explainlikeimfive [link] [comments]

When someone steals a Bitcoin, what are they taking? What was is that you had, that you couldn't copy, that they now permanently have?

submitted by ReasonablyConfused to Bitcoin [link] [comments]

The US Federal government has confiscated hundreds of millions in Bitcoin. What are they doing with them?

Are they being used by the CIA? Are they being auctioned off as most confiscated goods are? Are they being used to manipulate the price of bitcoin?
I am honestly curious. Is anyone aware if yhe staus can be traced or if a FOIA has ever been submitted and executed?
submitted by BCJoey to btc [link] [comments]

Libertarians And Millennials Are Going Crazy Over Bitcoin: What Are They?

Libertarians And Millennials Are Going Crazy Over Bitcoin: What Are They? submitted by CryptoJunky to CryptoCurrency [link] [comments]

The Guardian writes a fairly balanced and interesting article: "Bitcoins: What are they, and how do they work?"

The Guardian writes a fairly balanced and interesting article: submitted by DTanner to Bitcoin [link] [comments]

The US Federal government has confiscated hundreds of millions in Bitcoin. What are they doing with them? /r/btc

The US Federal government has confiscated hundreds of millions in Bitcoin. What are they doing with them? /btc submitted by BitcoinAllBot to BitcoinAll [link] [comments]

ELI5: What are bitcoins, what are they used for, and what do GPU's have to do with them?

Just curious. I could really use a simple answer with this.
submitted by You_Stealthy_Bastard to pcmasterrace [link] [comments]

ELI5: Bitcoins. What are they and are they still relevant?

submitted by BlackMacGyver to explainlikeimfive [link] [comments]

Who are the 'Bitcoin developers'? How does their work make its way into Bitcoin? What are they currently working on?

submitted by Apollo_Moonwalker to BitcoinBeginners [link] [comments]

Bitcoins: What are they and are they worth it? (March 2015)

Bitcoins: What are they and are they worth it? (March 2015) submitted by btcxindia to Bitcoin [link] [comments]

Bitcoins: What Are They and How Do They Work?

Bitcoins: What Are They and How Do They Work? submitted by razorhack to Bitcoin [link] [comments]

For everybody new to this sub who wants answers to these to questions... Bitcoins: What Are They Worth? No One Knows, But Here’s How To Buy One

For everybody new to this sub who wants answers to these to questions... Bitcoins: What Are They Worth? No One Knows, But Here’s How To Buy One submitted by cjm5275 to Bitcoin [link] [comments]

I told my father that there are endless possibilities with BlockChain/Bitcoin. He skeptically answered: "But what if they would turn off the Internet?". What would You say to him?

I swear old boomers always surprise me.
submitted by HoogVaals to BitcoinBeginners [link] [comments]

Coinmarketcap removed Ethereum from the Bitcoin dominance chart. It's now just part of 'Others'. What are they scared of?

Coinmarketcap removed Ethereum from the Bitcoin dominance chart. It's now just part of 'Others'. What are they scared of? submitted by Crypto_Economist42 to ethereum [link] [comments]

What are bitcoin developers currently working on? What problems are they trying to solve ?

submitted by polishjake to Bitcoin [link] [comments]

What are some of the good and bad things that would happen to a country if they didnt charge tax on bitcoin profits?

submitted by undadatunda to BitcoinCA [link] [comments]

For not listing any MANA trading pairs, Coinbase sure knows a lot about what Coinbase customers are doing with their MANA. How can it be the 34th most commonly held token on Coinbase and they don’t even offer it?!? This is probably good for bitcoin.

For not listing any MANA trading pairs, Coinbase sure knows a lot about what Coinbase customers are doing with their MANA. How can it be the 34th most commonly held token on Coinbase and they don’t even offer it?!? This is probably good for bitcoin. submitted by minorthreatmikey to CryptoCurrency [link] [comments]

Bitcoin Futures: What are Those, and How Can They Be Useful to You? (x-post from /r/Bitcoin)

Bitcoin Futures: What are Those, and How Can They Be Useful to You? (x-post from /Bitcoin) submitted by ASICmachine to CryptoCurrencyClassic [link] [comments]

Bitcoin Futures: What are Those, and How Can They Be Useful to You?

Bitcoin Futures: What are Those, and How Can They Be Useful to You? submitted by Godex_io to Bitcoin [link] [comments]

Coinmarketcap removed Ethereum from the Bitcoin dominance chart. It's now just part of 'Others'. What are they scared of?

Coinmarketcap removed Ethereum from the Bitcoin dominance chart. It's now just part of 'Others'. What are they scared of? submitted by cryptoallbot to cryptoall [link] [comments]

What Are Bitcoin Futures and How Do They Work?

What Are Bitcoin Futures and How Do They Work? submitted by SaneFive to Bitcoin [link] [comments]

What is a Bitcoin exchange? How do they operate? Which ones are the most reliable for buying & storing BTC? [Bitcoin Basics Podcast]

What is a Bitcoin exchange? How do they operate? Which ones are the most reliable for buying & storing BTC? [Bitcoin Basics Podcast] submitted by CoinCompassBTC to Bitcoin [link] [comments]

Bitcoins: What are they and are they worth it? (March 2015) Bitcoin What Are They - Mining Bitcoins - Why A Mining Pool Makes Sense Everything to know about BITCOINS? What are they? How to earn them? What Is Bitcoin and How Does It Work?  Mashable Explains ... What are Bitcoins?

When big blockers talk about Bitcoin’s abilities, they are ridiculed as scammers, and the topic is always triangulated away from technical discussion. They dig through personal records and look for ways to silence Bitcoin’s big blockers similarly to how social justice warriors engage in cancel culture against their political enemies. Naturally, I make a point of pointing it out. Because ... Millions of people worldwide have received sextortion scam emails in 2020 asking for bitcoin. These bitcoin sextortion schemes sometimes include recipients' passwords to make the threat more real. They do this by requesting your credit card details for purchases, government ID, and sometimes, your bank account information for withdrawals. With Bitcoin ATMs, you don’t necessarily need those. While some Bitcoin ATMs are mandated by law to request for user’s ID, there are lots of cryptocurrency ATMs that don’t require any form of KYC ... Digital money that’s instant, private, and free from bank fees. Download our official wallet app and start using Bitcoin today. Read news, start mining, and buy BTC or BCH. Bitcoin is a virtual currency that gained recognition after its price-per-coin rose above $13,000 in early 2018. The cryptocurrency (one of many) is at the center of a complex intersection of privacy, banking regulations, and technological innovation. Today, some retailers accept bitcoin, while in other jurisdictions, bitcoin is illegal.

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Bitcoins: What are they and are they worth it? (March 2015)

Start trading Bitcoin and cryptocurrency here: http://bit.ly/2Vptr2X Bitcoin is the first decentralized digital currency. All Bitcoin transactions are docume... Register when you use this link - http://tinyurl.com/3eqi7xc36elu7 Start generating zcash, bitcoins as well as other cryptocurrencies today Bitclub Network. ... Greetings from The Tech Store, In this video we'll be explaining everything about BITCOINS. What is mining? How to earn them? We hope you will like this video. Don't forget to like and subscribe ... 00:36-- What are bitcoins 00:47-- Mining bitcoins 01:04-- What can we do with them 01:25-- Bitcoins and taxes Disclaimer: The information provided in this video is intended to provide general ... Quick and dirty explanation of how bitcoins work, how to get them and if they are worth the investment. Mining calculator: https://tradeblock.com/mining

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