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Strategies & Market Trends
Bitcoin
An SI Board Since April 2013
Posts SubjectMarks Bans Symbol
806 91 0 BTC
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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806Study reportedly found major market manipulation of Bitcoin cnbc.comRon1November 4
805theblockcrypto.comSavant-October 12
804[tweet]SI Ron (Soup Nazi)1October 9
803Hamilton or Satoshi? [youtube video] Reid Hoffman’s New ‘Hamilton’-Inspired CryElsewhere1September 5
802Flooding in China hits mining operation twitter.comSavant-August 22
801an interesting story about a possible Naka candidate wired.comSavant-August 13
800Bitcoin price heading back up while the Chinese Yuan is hitting a decade low priElroy-August 5
799Message 31517422Slumdog-August 1
798I suppose it gets fun when someone takes their boycott and buys something like sStock Puppy-August 1
797IRS...we're coming to take you away...ha ha hee hee, to the funny farm httpSavant-July 31
796[tweet]SI Ron (Soup Nazi)1July 24
795LedgerX Unveils $100,000 Bitcoin Call Option for Retail Investors The company gJulius Wong-July 17
794Cryptocurrency Startups Get Partial Green Light from Washington Securities andJulius Wong2July 8
793Bitcoin tweeted: [graphic] donsurber.blogspot.comPogeu Mahone1July 2
792Why Bitcoin Tends To Make Bigger Moves On The Weekend benzinga.comJulius Wong-June 29
791Winklevoss Twins' Fortune Doubles as Bitcoin Rallies .......................Black Blade-June 27
790Bitcoin Explodes 20% Overnight, Rises Just Shy Of $13,000 And Everyone Wants To Black Blade-June 26
789We really need an Etherium board here on SI. For lack of one, I'm posting tzax-June 19
788an interview about blockchain and bitcoin... Mark Yusko youtube.comSavant-May 31
787<b>Proof of Work (PoW) is efficient: Why Bitcoin is not bad for the enviroElsewhere1May 31
786BTC hit 9050 on Bittrex...then got slammed w/sells..back to supportSavant-May 30
785Bitcoin And Ethereum Now Accepted At Whole Foods, Nordstrom And Other Retailers Julius Wong-May 14
784For Fun I Earn "Lympos" for my daily jogging .........................Black Blade1May 14
783forbes.comSavant-May 14
782BTC on a tear...hit 7401... that vol/price spike April 1 got peeps excited and rSavant-May 11
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