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Bitcoin
An SI Board Since April 2013
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Emcee:  Jorj X Mckie Type:  Moderated
From Wikipedia: en.wikipedia.org

Bitcoin (sign: BTC) is a decentralized [6] digital currency [7] [8] based on an open-source, [9] peer-to-peer Internet protocol. It was introduced in 2009 by a pseudonymous developer (or developers) Satoshi Nakamoto. [10] Since 2011 Bitcoin has been criticized as not being a functional currencydue to its experimental nature, volatile markets, [11] and allegedly limited use in trade. [12] [13]

Bitcoins can be transferred through a computer or smartphone locally or internationally without an intermediate financial institution. [14] Each bitcoin is subdivided into 100 million smaller units called satoshis, defined by eight decimal places. [4]

Bitcoin has no central organization and is not managed by any government or central authority. Instead, it relies on an Internet-based peer-to-peernetwork. The creation of new bitcoins is automated and given to servers or "bitcoin miners" that confirm bitcoin transactions as they add them to a decentralized and archived transaction log approximately every 10 minutes.

The transaction log is authenticated by end-users through hashed ECDSA digital signatures (similar to a username and password) and added to through calculations of varying difficulty, performed by dedicated servers called bitcoin miners. Each 10-minute portion or "block" of the transaction log has an assigned amount of bitcoins that is awarded to miners (who can then sell them at their discretion) once it is added to the log and confirmed by other miners. The amount of bitcoins per addition depends on how long the network has been running and how much in transaction fees has been paid. Currently, 25 new bitcoins are generated with every 10-minute block. This will be halved to 12.5 BTC during the year 2017 and halved continuously every 4 years after until a hard limit of 21 million bitcoins is reached during the year 2140. [1] [10]

Bitcoin is the most widely used alternative currency [3] [15] and accepted by various merchants and services internationally.
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718Among other reasons....it's the Revolving Door SyndromeSavant-Thursday
717I watch Bitcoin but don't trade it. That's probably why you survived nekidl-Thursday
716Since I've been daytrading stocks and futures since the '90s, I tend to Ron-Thursday
715While I think it’s great that these various (supposedly) watch dogs are taking akidl1Thursday
714 Bitcoin manipulation probed: Shocked, simply shocked.. JUSTICE OPENS BITCOINRon3Thursday
713SEC Chairman Issues Public Statement in Support of NASAA’s ‘Cryptosweep’ Thomkidl-Wednesday
712msn.comSavant-May 18
711Federal Reserve Bank of San Francisco says their study shows bitcoin took a hardRon-May 9
710Right, and they control the world right? Sounds like a conspiracy theory to me!virtual-May 3
709 True Nakamoto discovered>> Set up by the Illuminati & RotSavant-April 30
708Different way to invest in bitcoin This article is interesting and maybe providePat2018-April 26
707GBTC is the easiest way, but not the purest. I own GBTC in my IRA, but Bitcoin aGuy-April 26
706The easiest way to invest in Bitcoin if to buy US listed equity GBTC. It is a tElroy-April 25
70520% of financial firms like banks and hedge funds are looking to trade cryptocurJakeStraw-April 24
704 If you really want to do that, I suppose CoinBase or Gemini would be okay..alsoSavant-April 24
703What is the best way to invest in bitcoin? I don't want to mine btc.What do Pat2018-April 24
702I read recently that Bella Thorne, a popular celebrity among the younger crowd, J.F. Sebastian-April 22
701[graphic]Sultan1April 21
700Bitcoin 'miners' are losing money at any price below $8,600: Morgan Stankidl-April 20
699[youtube video] RoadtoRoota Published on Apr 16, 2018 It is so important toroguedolphin-April 16
698IRS Says Fewer Than 100 People Have Reported Bitcoin Holdings So Far By NathanGlenn Petersen1April 15
697Samsung confirms it is making ASIC chips for cryptocurrency mining [url=https:/DanD1April 11
696George Soros funds are preparing to trade cryptocurrencies bloomberg.comRon-April 7
695U.S. tax liabilities for crypto currencies in 2017 seen at $25 billion, to pressGlenn Petersen1April 7
694 Ripple XRP trying to buy way onto more US exchanges>> bloomberg.comSavant1April 5
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