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Strategies & Market Trends
Bitcoin
An SI Board Since April 2013
Posts SubjectMarks Bans Symbol
952 109 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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952How did you make out with RIOT? coinmarketcap.comPogeu Mahone-12/26/2022
951BTC twitter. [tweet] BTC utube. August 2022. [youtube video]Litore Lapis-9/30/2022
950Tksflashforward2009-9/29/2022
949The Blockchain and Cryptocurrencies thread gets a lot more posts and has many diZen Dollar Round-9/29/2022
948Is this the best board for crypto's and alt coins.flashforward2009-9/28/2022
947Yep, a wild ride, right down to a 25 handle. A Zero Hedge overview: Bitcoin HitElsewhere-5/12/2022
946Bitcoin getting crushed 28590Pogeu Mahone15/12/2022
945Jeanius move-g- Twitter cofounder Jack Dorsey created an NFT out of his first-ePogeu Mahone35/12/2022
944Great predicition... topped out at 67,000... Hows that for an inflation hedge?Doren23/6/2022
943"Ripple CEO praises Judge in XRP lawsuit - FinanceFeeds" financefeeds.Savant-11/24/2021
942Some in the USA will wait until Jan1 or later, to delay taxes...unless they'Savant-11/8/2021
941So true :D If we take a look at some more serious predictions, many have predictMichaelson111/8/2021
940Fortunately, there are two strategies for trading on cryptocurrency: short-term Fantik24-11/1/2021
939I traded in RIOT briefly a few months ago, but found it too volatile for my tastZen Dollar Round-8/2/2021
938You may like to know about this thread: Riot Blockchain, Inc. (RIOT) | Stock DiZen Dollar Round-8/2/2021
937I have been trading RIOT but recently decided to keep buying in the high 20’s anhandyman-8/1/2021
936Bitcoin mining machines steamrolled by Malaysia police Pretty STUPID... but funDoren17/20/2021
935Straight Talk: Sven Henrich of NorthmanTrader with special guest Michael Saylor Elsewhere-7/4/2021
934<i>Thank you for the very thorough explanation.</i> You're welcElsewhere17/4/2021
933Any predictions on what the price of Bitcoin will be by the end of 2021? :-) ThStock Puppy27/3/2021
932Thank you for the very thorough explanation. Didn't know much of that becausZen Dollar Round-7/3/2021
931As you mentioned, Soros is a short seller, but he also goes long...whether he caSavant-7/2/2021
930Rehypothecation is not an option with Bitcoin. The paper games going on in the pElsewhere-7/2/2021
929Soros has started to trade bitcoin. He is a notorious short seller, Will Soros bteevee-7/2/2021
928How secure it is to store Bitcoin on an exchange [tweet]Elsewhere37/1/2021
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