What is Bitcoin? 3 Things to Know About the Cryptocurrency
What Is Bitcoin, and How Does it Work?
Bitcoin explained: Here's everything you need to know - CNET
How To Explain Bitcoin To Anyone And Everyone - CoinSutra
Consistent Quality!
~~If you are anything BUT 5 years old, and you're confused by something, this is the place for you.~~ Now that /eli5 clarified that they want simple explanations, (fake) 5-YEAR-OLDS ARE NOW WELCOME TO THE SUBREDDIT. But not in a creepy way.
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 for Beginners is a subreddit for new users to ask Bitcoin related questions. **Do not respond to strangers direct messaging you, as over 99% of these people are Scammers.** This subreddit allows open discussion where peer review occurs. /BitcoinBeginners is not for posting new websites, memes, faucets, affiliate links, news, concern trolling, blog articles, or promoting altcoins and ICOs. **Bitcoin related Questions only** No url shorteners (auto spam)
LToV Socialists, if labor = value, then explain Bitcoin.
If labor is equal to value, then why is Bitcoin worth nearly $11k at the time of writing? Yes, labor in the form of processing power is necessary to generate them in the first place, but after that, their value varies wildly. If you mined 1 bitcoin back in early 2013, you'd have a coin worth about $15. But if you held that coin for just 4 years, it'd be worth nearly $20k, over 130,000% more. No new labor was put into it whatsoever, but it was suddenly worth a car, because the market decided so. What gives? Shouldn't Bitcoin be worth an entirely consistent amount, or at least a stable amount? You could make the argument that Bitcoin is worth nothing, because price doesn't imply value, but doesn't that mean the labor used to create it is worth nothing as well? Am I missing something, or does Bitcoin just completely shatter the LToV?
Topic originally posted in Bitcoin by honorface76 [link]
honorface76 your post has been copied because one or more comments in this topic have been removed. This copy will preserve unmoderated topic. If you would like to opt-out, please send a message using [this link].
How to explain Bitcoin and the blockchain to newbs?
Hi everyone, so I have tried to explain bitcoin and the blockchain to my family but they still seem not to get it. So is there a very good and thorough beginners 101 bitcoin video that I can show them, so they would understand me better? Would help alot :)
Explain Bitcoin to me like Oscar explains a surplus to michael in the office.
My brother has invested a small 50, it's now up to 61.31 or something like that I'll have to talk to him when he gets here and ask. Anyways, explain this to us please. Not trying to get rich, just mildly interested and would like to know more. EDIT: its 63.31
Bitcoin, the digital currency, has been all over the news for years. But because it’s entirely digital and doesn’t necessarily correspond to any existing fiat currency, it’s not easy to understand for the newcomer. Let’s break down the basis of exactly what Bitcoin is, how it works, and its possible future in the global economy. Explain this blockchain. Miners are in charge of making sure bitcoin transactions made by users are recorded and legit. Simply put, they do this by grouping every new bitcoin transaction made ... Bitcoin transactions cannot be traced back individuals -- they are secured but also obscured through the use of public and private encryption keys. This anonymity can be appealing, especially with ... The best way to explain how Bitcoin works is to go through an example of how things function behind the scenes when a user sends or receives a transaction on the network. Let’s run through both sides of a transaction from the perspective of two hypothetical users: Bob and Alice. The simple question of how to explain bitcoin, cryptoassets and DeFi coins is not an easy task and as the interest and intrigue continues to unfold inside the blockchain-based distributed ledger technology industry, it is important to know the basics of cryptocurrencies to optimally understand an industry that has been as high as $838 billion ...
Bitcoin Basics (Part 1) - "Explained For Beginners" - YouTube
Learn about Bitcoin with the most watched Bitcoin video. More information: Start Guide - https://www.weusecoins.com Mining Guide - https://www.bitcoinmining.... A short video looking at 'Bitcoin', a decentralized digital currency. This is a self funded personal project, If you would like to make a Bitcoin donation fo... Thanks to Away for sponsoring this video! Go to https://www.awaytravel.com/techquickie and use promo code techquickie to get $20 off your next order! Bitcoin... Get our free Bitcoin course here - https://chrisdunn.com/free-bitcoin-course This Bitcoin basics video series will explain Bitcoin for beginners. You'll lear...