SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Strategies & Market Trends
Bitcoin
An SI Board Since April 2013
Posts SubjectMarks Bans Symbol
814 93 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.
Previous 25 | Next 25 | View Recent | Post Message
Go to reply# or date (mm/dd/yy):
ReplyMessage PreviewFromRecsPosted
814Position: Strong buy on bitcoin Time frame: 6-12 months 1. Bitcoin as StoreAirCapital-last Friday
813[youtube video]SI Ron (Soup Nazi)-12/28/2019
812youtubbies….We sorree... reddit.comSavant-12/28/2019
811[tweet]SI Ron (Soup Nazi)-12/20/2019
810PONZI SCHEMES, PRIVATE YACHTS, AND A MISSING $250 MILLION IN CRYPTO: THE STRANGESultan111/25/2019
809China's 'Official' Virtual Currency Could Be Arriving "Quite SoGoose94-11/25/2019
808Max Keiser Calls Peter Schiff an Imbecile!!! [youtube video]Goose94-11/23/2019
807[tweet]SI Ron (Soup Nazi)-11/21/2019
806Study reportedly found major market manipulation of Bitcoin cnbc.comRon111/4/2019
805theblockcrypto.comSavant-10/12/2019
804[tweet]SI Ron (Soup Nazi)110/9/2019
803Hamilton or Satoshi? [youtube video] Reid Hoffman’s New ‘Hamilton’-Inspired CryElsewhere19/5/2019
802Flooding in China hits mining operation twitter.comSavant-8/22/2019
801an interesting story about a possible Naka candidate wired.comSavant-8/13/2019
800Bitcoin price heading back up while the Chinese Yuan is hitting a decade low priElroy-8/5/2019
799Message 31517422Slumdog-8/1/2019
798I suppose it gets fun when someone takes their boycott and buys something like sStock Puppy-8/1/2019
797IRS...we're coming to take you away...ha ha hee hee, to the funny farm httpSavant-7/31/2019
796[tweet]SI Ron (Soup Nazi)17/24/2019
795LedgerX Unveils $100,000 Bitcoin Call Option for Retail Investors The company gJulius Wong-7/17/2019
794Cryptocurrency Startups Get Partial Green Light from Washington Securities andJulius Wong27/8/2019
793Bitcoin tweeted: [graphic] donsurber.blogspot.comPogeu Mahone17/2/2019
792Why Bitcoin Tends To Make Bigger Moves On The Weekend benzinga.comJulius Wong-6/29/2019
791Winklevoss Twins' Fortune Doubles as Bitcoin Rallies .......................Black Blade-6/27/2019
790Bitcoin Explodes 20% Overnight, Rises Just Shy Of $13,000 And Everyone Wants To Black Blade-6/26/2019
Previous 25 | Next 25 | View Recent | Post Message
Go to reply# or date (mm/dd/yy):