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Strategies & Market Trends
Bitcoin
An SI Board Since April 2013
Posts SubjectMarks Bans Symbol
841 94 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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841We have all seen the same story written over and over again. Bitcoin this and BiRetipsta-5 hours ago
840Gibberish. This month Bitcoin has finally surpassed the previous all-time high Elsewhere-12/28/2020
839Does anyone know if PayPal’s new Bitcoin feature has an easy fiat on off ramp?Elroy-11/22/2020
838 Bitcoin...heard it before, but, time will tell markets.businessinsider.com UStock Puppy110/24/2020
837 Bitcoin...heard it before, but, time will tell markets.businessinsider.comSavant-10/16/2020
836ff, point? Not much, other than she should have held onto those 12 btc's ...Savant19/28/2020
835What's your point? Asked with respective.flashforward2009-9/28/2020
834thedailychain.comSavant-9/28/2020
833The second half of the segment of the Keiser Report convinced me that bitcoin isflashforward2009-9/26/2020
832Bitcoin - S&P correlation strengthens techtelegraph.co.ukSavant-9/10/2020
831[tweet]Sultan-9/5/2020
830How Germany wants to get the lion's share of Bitcoin mining and where Bitcoielmatador-8/26/2020
829cointelegraph.comflashforward2009-7/2/2020
828Then there is this ibtimes.comflashforward2009-6/5/2020
827Any thoughts on other crypto's like Kinesis backed by gold or silver, etherflashforward2009-6/4/2020
826I am in the US, thanks for the info.flashforward2009-6/4/2020
825Depends on your abilities///it's a lot easier to buy and sell, it's safeSavant-6/4/2020
824GBTC comes with a significant premium. Are you based in the US? There is Cash ApElsewhere-6/4/2020
823Seems to me this board should be more active, since Bitcoin is an alternative toflashforward2009-6/4/2020
822Alleged Satoshi Bitcoin Transaction Incites selloff Bitcoin alledged to be SatoJulius Wong-5/23/2020
821[tweet]SI Ron (Crazy Soup Man)-5/6/2020
820A group of investors sued four cryptocurrency exchanges and seven issuers claimiSavant-4/6/2020
819Dude it is on topic click the link coinmarketcap.comGoose94-3/31/2020
818[tweet]SI Ron (Crazy Soup Man)-3/31/2020
817Dude stay on topic please.SI Ron (Crazy Soup Man)13/31/2020
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