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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.
[ Bitcoin ] MicroStrategy Founder: We acquired 21,454 BTC via 78,388 off-chain transactions, then secured it in cold storage with 18 on-chain transactions. #Bitcoin scales just fine as a store of value.
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Just transacted bitcoin to another wallet for first time after HODLing for 2.5 years or so, and it hit me how easy it is to transact. Very cool, thought I’d share.
Can definitely see it moving more mainstream with more traction and a weaker barrier of entrance from fiat, especially as money supply becomes more digital. Question though - I’m no expert at all, but say you encounter a problem with transferring to wallets or you want crypto returned... that seems like it could be an issue without gov involvement or some authority getting involved to handle a type of situation such as that properly. Or is that extremely unlikely to happen with such a complex wallet code. Even disappearance of bitcoin such as the Peter Schiff thing that just came up... or maybe that’s just a ruse since he’s not a proponent lol
05-04 06:24 - 'You don't know much about bitcoin, do you? / Bitcoin is not private. / Nor is it designed to scale on the order of micro transactions. Bitcoin is struggling to scale for use as regular currency, let alone microtxs.' by /u/EvilLost removed from /r/Bitcoin within 171-181min
Over a decade ago, the first cryptocurrency to permit secure transactions (bitcoin) changed the fintech world. For all newbies learn the difference between the old and outdated financial traditional system & BTC! #Long Bitcoin!
My experience disclosing a critical Bitcoin Cash vulnerability. A successful exploit of this vulnerability could have been so disruptive that transacting Bitcoin Cash safely would no longer be possible.
"[The poor] aren't suffering because capitalism is stealing from them. They're suffering because no one is dealing with them." Bitcoin Cash enables instant and cheap global transactions. Bitcoin Core's roadmap does not benefit the poorest of the world.
The transaction fee is given to the Bitcoin miner, as explained in the block chain section, and so it is ultimately up to each miner to choose the minimum transaction fee they will accept. There is also a concept of so-called “ high-priority transactions ” which spend satoshis that have not moved for a long time. Every Bitcoin transaction comes with its own transaction ID (TXID), a string of letters and numbers that makes it unique. The Bitcoin.com wallet conveniently provides the TXID for you, as do some other wallets and exchanges. 3. View on Block Explorer. An transaction is a transfer of Bitcoin value that is broadcast to the network and collected into blocks.A transaction typically references previous transaction outputs as new transaction inputs and dedicates all input Bitcoin values to new outputs. Bitcoin users cannot split a transaction into smaller amounts and only the entire output of a transaction can be spent. So, when you open your wallet and type, ".25" in the amount field what technically happens is that one of the .5 BTC transactions (from your generous friend, Chris) will be sent, in its entirety. The transaction input is the bitcoin address from which the money was sent, and the transaction output is the bitcoin address to which the money was sent. If the bitcoin is in your wallet, that will be the bitcoin address under your control.
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