Guide: What is Bitcoin and how does Bitcoin work? - CBBC ...
What Is Bitcoin, and How Does it Work?
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.
/btc was created to foster and support free and open Bitcoin discussion about cryptocurrency, Bitcoin news, and exclusive AMA (Ask Me Anything) interviews from top Bitcoin and cryptocurrency leaders. 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 the need for any central authority whatsoever. Learn more about Bitcoin, Bitcoin Cash, cryptocurrency, and more.
Online privacy, anonynmyity, encryption and freedom of speech with an NZ focus
A subreddit for New Zealand Redditors to discuss issues surrounding online privacy, anonymity and related issues. Discussion topics can include anything from protecting your privacy online to surfing anonymously, freedom of speech, anti-censorship, encrypted communications, information sharing, government/corporate leaks, hacking. Hopefully we can have a few tutorials about how to remain anonymous online and communicate anonymously. Illegal activities may be discussed, throwaways are encouraged.
How does bitcoin work and why are there so many different ones?
My dads a financial advisor and he sat down with his coworkers and for 6 hours they talked and couldn’t understand it, and as time goes on i feel like its going to become more reliable, so how does it work?
I'm pretty new to this stuff, and honestly i have no idea how it works yet.. i would like to "get into" Bitcoin and learn how to use it and how it works etc. Because i would like to order some things that can only paid with/by Bitcoin. If someone could explain to me how to it works, i would really appreciate that! I don't want to jump right into it just by myself, because i really don't want to mess things up.
You're in an elevator with half a minute to spare, and someone asks you "So, how does Bitcoin work?". What would you answer?
EDIT: Great answers everyone! It's cool to see how others do it, and I'm sure I learned a couple of new things here too. Some really good (and funny) answers here! That being said, I'm choosing mperklin as the winner :) Need your address man, so I can send those bits over! EDIT2: Sent! Best answer (could be the most upvoted, but still ultimately my discretion) gets 10 mBTC (.01 BTC). Time frame is 24 hours from the time of this posting. Let's hear those elevator pitches! One of my go-to answers would be: Remember when we used to have cross-border mail and international phone calls? We had to go through middlemen like long distance phone operators and post offices, and pay extra to do so, right? The internet changed all that. Now, we still have cross-border payments and money transfers, right? Going through middlemen like banks and Western Union, paying extra to so? Bitcoin changes all that in the same exact way. Check out Bitcoin.org if you want to learn more. Done!
Bitcoin, often described as a cryptocurrency, a virtual currency or a digital currency - is a type of money that is completely virtual. It's like an online version of cash. How does Bitcoin work? This is a question often surrounded by confusion, so here's a quick explanation! The basics for a new user. As a new user, you can get started with Bitcoin without understanding the technical details. Once you've installed a Bitcoin wallet on your computer or mobile phone, it will generate your first Bitcoin address and ... Bitcoin mining involves commanding a home computer to work around the clock to solve proof-of-work problems (computationally intensive math problems). Each bitcoin math problem has a set of possible 64-digit solutions. How does Bitcoin work? The Bitcoin network was the first ever example of a blockchain as we know it today. It’s called blockchain because it can be pictured exactly like a series of blocks that have been chained together. The Bitcoin ledger is protected against fraud via a trustless system; Bitcoin exchanges also work to defend themselves against potential theft, but high-profile thefts have occurred.
How Bitcoin Works in 5 Minutes (Technical) - YouTube
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