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.
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...
It’s 2028 and 1 Bitcoin is worth 1 million US dollars. If a luxury home was worth 1 million US dollars back in 2019, what would you estimate that this same luxury home is worth in USD and in BTC now? Does hyperbitcoinization require hyperinflation of government currencies and real estate?
Bitcoin is a new currency that was created in 2009 by an unknown person using the alias Satoshi Nakamoto. Transactions are made with no middle men – meaning, no banks! Bitcoin can be used to ... 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’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. A bona fide currency functions as a medium of exchange, a store of value, and a unit of account, but bitcoin largely fails to satisfy these criteria. Bitcoin has achieved only scant consumer transaction volume, with an average well below one daily transaction for the few merchants who accept it. Its volatility is greatly higher than the volatilities of widely used currencies, imposing large ... Top cryptocurrency prices and charts, listed by market capitalization. Free access to current and historic data for Bitcoin and thousands of altcoins.
How To Trade Bitcoin Cryptocurrency for Beginners - YouTube
Start trading Bitcoin and cryptocurrency here: http://bit.ly/2Vptr2X Bitcoin is the first decentralized digital currency. All Bitcoin transactions are docume... Bitcoin and cryptocurrency mining explained with the Byzantine Generals Problem. We use it to explain the essence of cryptocurrency mining. https://www.udemy... 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... 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... Get an additional $10 in Bitcoins from Coinbase when purchasing through my referral link http://fredyen.com/get/Bitcoins Here is a quick beginner's guide on ...