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Strategies & Market Trends
Bitcoin
An SI Board Since April 2013
Posts SubjectMarks Bans Symbol
831 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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831cointelegraph.comflashforward2009-last Thursday
830Then there is this ibtimes.comflashforward2009-June 5
829Any thoughts on other crypto's like Kinesis backed by gold or silver, etherflashforward2009-June 4
828I am in the US, thanks for the info.flashforward2009-June 4
827Depends on your abilities///it's a lot easier to buy and sell, it's safeSavant-June 4
826GBTC comes with a significant premium. Are you based in the US? There is Cash ApElsewhere-June 4
825Seems to me this board should be more active, since Bitcoin is an alternative toflashforward2009-June 4
824Alleged Satoshi Bitcoin Transaction Incites selloff Bitcoin alledged to be SatoJulius Wong-May 23
823[tweet]SI Ron (Soup Nazi)-May 6
822A group of investors sued four cryptocurrency exchanges and seven issuers claimiSavant-April 6
821Dude it is on topic click the link coinmarketcap.comGoose94-March 31
820[tweet]SI Ron (Soup Nazi)-March 31
819Dude stay on topic please.SI Ron (Soup Nazi)1March 31
818Toilet Paper Token coinmarketcap.com Out of stock blog.coinmarketcap.comGoose94-March 31
817[graphic]Goose942March 20
816Bank of England official says it is ‘crucial’ for central banks to consider digiGoose94-February 24
815Bitcoin’s Network Operations Are Controlled by Five Companies By Olga Kharif BGlenn Petersen2January 31
814Position: Strong buy on bitcoin Time frame: 6-12 months 1. Bitcoin as StoreAirCapital-January 24
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 SoGoose94-11/24/2019
808Max Keiser Calls Peter Schiff an Imbecile!!! [youtube video]Goose94-11/23/2019
807[tweet]SI Ron (Soup Nazi)-11/21/2019
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