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.
It is possible to travel only using Bitcoin. We will demonstrate how Bitcoin could be used, not only as a tradable digital commodity, but also a useful traveling currency. This project is initiated in Bali, Indonesia – one of the most popular tourist destination in the world. We are targeting to convert a majority of merchants on this Island to accept Bitcoin. Soon you can come to Bali by only bringing Bitcoin.
On many occasions, the proponents of Bitcoin mention, that Bitcoin would be useful to citizens of countries, where government purposefully devalues local currency, such as Argentina. I'd like to know how is that practically possible? What are the chances of someone holding Argentinian peso to exchange it for Bitcoin? That would require there is someone willing to exchange Bitcoin for peso, but why would someone do this? I am a big believer in Bitcoin, but I think the community has to come up with better stories to sell the idea than this. Discuss.
The uses I gave it so far is to exchange euros to venezuelan bolivares in the black market as it is otherwise regulated there. What other utilities do you think it has brought so far in your experience?
Received .00001 bitcoin out of nowhere into my hardware wallet, I believe is called "spraying"?? How is this method used? Does it compromise security and is there anything I can do about it? Thanks in advanced!
I'm new to the crypto idea, I heard Monero is better to BitCoin. How do I use it, including creating wallets and how do I keep it safe from hackers? Also can it be converted into dollar bills? I heard Australia is considering going cashless, so I'm getting a bit nervous about other regions.
...Oh and converting between Bitcoin and Monero safely,
How is running a Bitcoin Node safer and more secure than using someone else's Node?
It's widely regarded as best privacy and security practice to run your own node. I understand the privacy benefit; if you're querying someone else's node it's less private that using your own node. What I'm less certain of is the security benefits of running your own node. As a non-IT expert, putting your trust in an industry professional like Trezor, Ledger or any other of the big wallets seems like a sensible move. These guys are experts, and their nodes are used by many people. If I made my own node, surely there is a risk factor here. My online security is not likely to be as bulletproof as the nodes used by the wallets mentioned above. What's to say I don't download a bug in the software I'm running my node on?
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How Bitcoin Works in 5 Minutes (Technical) - YouTube
http://www.voicesofliberty.com/article/5-easy-steps-to-get-started-using-bitcoin/ Bitcoin is an open-source cryptographic currency that uses peer-to-peer tec... Start trading Bitcoin and cryptocurrency here: http://bit.ly/2Vptr2X Bitcoin is the first decentralized digital currency. All Bitcoin transactions are docume... How is bitcoin used? Basically you can think of bitcoin like a currency. Just like you can exchange your dollars for euros or yuans you can exchange them for bitcoins. Just like the Dollar is the ... A short introduction to how Bitcoin Works. Want more? Check out my new in-depth course on the latest in Bitcoin, Blockchain, and a survey of the most excitin... cryptocurrency bitcoin. cryptocurrency bitcoin. Skip navigation Sign in. Search. Loading... Close. This video is unavailable. Watch Queue Queue. Watch Queue Queue. Remove all; Disconnect; The next ...