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Strategies & Market Trends
Bitcoin
An SI Board Since April 2013
Posts SubjectMarks Bans Symbol
871 103 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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871> So what did happen? From the article you posted to prove it didn't hapDoren-Sunday
870Ether Hits $3,000 as Bitcoin’s Crypto Dominance Declines The largest digital cuDoren-Sunday
869"Tulip mania" <i>That doesn't mean it didn't happen.<Elsewhere-last Friday
868> There Never Was a Real Tulip Fever The article you posted says there was: Doren-last Friday
867Alleged $366M Bitcoin mixer busted after analysis of 10 years of blockchain dataJ.F. Sebastian1April 28
866E, that will be interesting to see....well, mebbe...or, mebbe not "GovernmSavant1April 28
865Dogecoin is a joke. The founder himself declared that publicly. <i>As bloElsewhere-April 28
864<I> For Bitcoin to be replaced some kind of breakthrough in physics would Elroy-April 28
863Re. tulip mania: There Never Was a Real Tulip Fever smithsonianmag.com Tulip mElsewhere-April 28
862SECOND ONE Vebitcoin: Turkey arrests four people after cryptocurrency collapsesDoren-April 24
861Yes because there was no tulip mania. It is extremely unlikely that a competitDoren-April 24
860Bitcoin 101: "not your keys, not your coins".Elsewhere-April 23
859<i>it seems like its not hard to produce a competitor.</i> It is exElsewhere-April 23
858Turkey Arrests Dozens in Probe of Crypto Exchange Collapse Losses could be as hDoren-April 23
857The thing about bitcoin I find hard to swallow very long term is... "One rDoren-April 23
856Bitcoin Price Hits Record Ahead Of Coinbase IPO While Investors See Bubble invesRon-April 13
855The Bitcoin Voicepaper [youtube video] 159 Bitcoiners read the Bitcoin whitepaElsewhere-March 1
854WSJ excerpt Updated Feb. 16, 2021 11:33 am ET Bitcoin topped $50,000 for the fSr K-February 16
853DeFi Architect Andre Cronje Confirms Yearn.Finance has Partnered with Badger to Savant-February 11
852Elon Musk was right again. Bitcoin to Come to America’s Oldest Bank, BNY MellonSr K-February 11
851As of now, Bitcoin futures still moving up after hours... barchart.comRon-February 8
850It closed strong, to 44.755 and on CME BAKKT I saw 45,000+ I'd expect news Sr K-February 8
849Gradually, then suddenly: Bitcoin jumps 10% to record high on Tesla investment nElsewhere2February 8
848Janet Yellen Will Consider Limiting the Use of Cryptocurrency During her confirmRon1February 4
847Next stop will be gold market cap, around $5 billion, that's about a 10x forElsewhere-January 28
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