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 Bitcoin Uses A Lot of Energy. True, But That's Not The ...

Bitcoin Uses A Lot of Energy. True, But That's Not The ...

Bitcoin - The Currency of the Internet

A community dedicated to Bitcoin, the currency of the Internet. Bitcoin is a distributed, worldwide, decentralized digital money. Bitcoins are issued and managed without any central authority whatsoever: there is no government, company, or bank in charge of Bitcoin. You might be interested in Bitcoin if you like cryptography, distributed peer-to-peer systems, or economics. A large percentage of Bitcoin enthusiasts are libertarians, though people of all political philosophies are welcome.
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Bitcoin - The Internet of Money

/btc was created to foster and support free and open Bitcoin discussion about cryptocurrency, Bitcoin news, and exclusive AMA (Ask Me Anything) interviews from top Bitcoin and cryptocurrency leaders. Bitcoin is the currency of the Internet. A distributed, worldwide, decentralized digital money. Unlike traditional currencies such as dollars, bitcoins are issued and managed without the need for any central authority whatsoever. Learn more about Bitcoin, Bitcoin Cash, cryptocurrency, and more.
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World News

A place for major news from around the world, excluding US-internal news.
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Bitcoin Use By Small Businesses Surges in Africa

Bitcoin Use By Small Businesses Surges in Africa submitted by FloridaBitcoiner to Bitcoin [link] [comments]

Why does Bitcoin use math and not something else to conduct transactions?

This is a purely theoretical question about the design of the technology (disclaimer: I do not know much about tech/engineering or anything). Why is math used to validate transactions on the network? What is the significance of the math itself? Is it just the case that math problems have universal answers and are solved in the same language worldwide (opposed to other languages like English, German, etc that not everyone speaks) and as such math makes for a good code? (If so, couldn't the designers of Bitcoin have made this code something else like problems of formal logic instead of math?) Or, is it the case that math actually does some specific function that only math can do?
TLDR: is the math used to validated transactions: because (a) it is an arbitrary phenomenon that logistically works or (b) because the specific equations actually do something or (c) something else?
submitted by treboy123 to BitcoinBeginners [link] [comments]

Bitcoin Use By Small Businesses Surges in Africa

Bitcoin Use By Small Businesses Surges in Africa submitted by nanooverbtc to CryptoCurrency [link] [comments]

Cost Effective Bitcoin Use: hardware wallet & own node

Cost Effective Bitcoin Use: hardware wallet & own node submitted by stephanlivera to Bitcoin [link] [comments]

Stop Using Weak Money Like U.S. Dollar for Pricing Bitcoin, Use Gold Instead for More Accuracy

Stop Using Weak Money Like U.S. Dollar for Pricing Bitcoin, Use Gold Instead for More Accuracy submitted by sylsau to Bitcoin [link] [comments]

Serious question about bitcoin use in 30 years - If bitcoin stabilizes and becomes a deflationary currency, what will incentivize you to ever lend your bitcoin to a new small business owner?

If the rate of deflation is such that the value of your bitcoin increases a certain percent every year, let's say 15%, why would you ever bother lending bitcoin to new small business owners?
I'm curious how the economic system would work in this situation. What would it actually look like?
Is this just a case of higher interest rates for lending out bitcoin?
For example. If you can get 15% through deflation without lending your money, then you would need to lend out at a high enough interest rate so that your return would exceed the automatic deflationary increase of 15%?
Is that the basics of it? So the interest rate of borrowing bitcoin would effectively always be related to the deflation of bitcoin and the inflation from new supply. Whatever that balances out to? (Assuming overall demand has somewhat stabilized through the economy by then so you don't get huge price swings.)
submitted by bearCatBird to Bitcoin [link] [comments]

Fiat is Trash: A Simple Way to Understand Bitcoin's Use Case

I used to hear Bitcoiners say Fiat is trash. I just got the chance to experience it first hand.

Before COVID
NGN370 = $1
Today's Rate
NGN470 = $1
Many became poor right in front of their eyes, and without even knowing it.
Bitcoin is an excellent hedge against currency devaluation such as the one that has rocked Nigeria since the COVID-craze started.
That is the use case!
submitted by wmredditor to CryptoCurrency [link] [comments]

Cost Effective Bitcoin Use: hardware wallet & own node (x-post from /r/Bitcoin)

Cost Effective Bitcoin Use: hardware wallet & own node (x-post from /Bitcoin) submitted by ASICmachine to CryptoCurrencyClassic [link] [comments]

09-23 17:25 - 'Sats giveaway! But you gotta be quick because this contest only lasts for 30 minutes. So tag a friend! Bitcoin uses ____________ for mathematical and computational practice of encoding and decoding data...' (twitter.com) by /u/Bitcoin_Magazine removed from /r/Bitcoin within 123-133min

Sats giveaway! But you gotta be quick because this contest only lasts for 30 minutes. So tag a friend! Bitcoin uses ____________ for mathematical and computational practice of encoding and decoding data. Click the link ⤵ to submit your answer!
Go1dfish undelete link
unreddit undelete link
Author: Bitcoin_Magazine
submitted by removalbot to removalbot [link] [comments]

Stop Using Weak Money Like U.S. Dollar for Pricing Bitcoin, Use Gold Instead for More Accuracy

Stop Using Weak Money Like U.S. Dollar for Pricing Bitcoin, Use Gold Instead for More Accuracy submitted by sylsau to CryptoCurrencies [link] [comments]

Stop Using Weak Money Like U.S. Dollar for Pricing Bitcoin, Use Gold Instead for More Accuracy

Stop Using Weak Money Like U.S. Dollar for Pricing Bitcoin, Use Gold Instead for More Accuracy submitted by sylsau to CryptoCurrency [link] [comments]

Does mining bitcoin use a lot more electric than if my computer was just running all day anyway?

Hello,
I have a couple of computers I rarely turn off.
If I'm mining bitcoin while away, does this use a lot more electric?
I'm thinking if it doesn't spike my bill too much since the PCs are always on anyway... I should give it a go.
submitted by Kukurio59 to Bitcoin [link] [comments]

Bitcoin Use By Small Businesses Surges in Africa

Bitcoin Use By Small Businesses Surges in Africa submitted by slywalkers to CryptoCurrency [link] [comments]

Pi is a cryptocurrency created by Stanford PhDs to make crypto mining accessible to everyone and also easy to do so. It might be used for buying goods and services in the future, like Bitcoin. use my referral to receive 1 free Pi: minepi.com/NELSONTHAI

submitted by Nos1ter to BytecoinBCN [link] [comments]

Bitcoin Use By Small Businesses Surges in Africa (x-post from /r/cryptocurrency)

Bitcoin Use By Small Businesses Surges in Africa (x-post from /cryptocurrency) submitted by ASICmachine to CryptoCurrencyClassic [link] [comments]

Stop Using Weak Money Like U.S. Dollar for Pricing Bitcoin, Use Gold Instead for More Accuracy

Stop Using Weak Money Like U.S. Dollar for Pricing Bitcoin, Use Gold Instead for More Accuracy submitted by sylsau to CryptoMarkets [link] [comments]

Bitcoin Use By Small Businesses Surges in Africa (x-post from /r/cryptocurrency)

Bitcoin Use By Small Businesses Surges in Africa (x-post from /cryptocurrency) submitted by ASICmachine to CryptoCurrencyClassic [link] [comments]

Bitcoin Use By Small Businesses Surges in Africa (x-post from /r/Bitcoin)

Bitcoin Use By Small Businesses Surges in Africa (x-post from /Bitcoin) submitted by ASICmachine to CryptoCurrencyClassic [link] [comments]

Pi is a cryptocurrency created by Stanford PhDs to make crypto mining accessible to everyone and also easy to do so. It might be used for buying goods and services in the future, like Bitcoin. use my referral to receive 1 free Pi: minepi.com/NELSONTHAI

submitted by Nos1ter to CryptocurrencyICO [link] [comments]

Pi is a cryptocurrency created by Stanford PhDs to make crypto mining accessible to everyone and also easy to do so. It might be used for buying goods and services in the future, like Bitcoin. use my referral to receive 1 free Pi: minepi.com/NELSONTHAI

submitted by Nos1ter to CryptoAirdrop [link] [comments]

Researching on Bitcoin use in Lebanon

Hey Guys,

I was researching on how Bitcoin is being used or how the rate of adoption of Bitcoin in Lebanon, due to the spiral downwards of the LBP.

Would love if you point me to any comprehensive reports on the same. In case you are also a crypto enthusiast.
I will try my best to reward with coins for the most helpful answers :)
Thanks!
** I am new to Reddit so bear with me**
submitted by exist2019 to lebanon [link] [comments]

Bitcoin Use By Small Businesses Surges in Africa

Bitcoin Use By Small Businesses Surges in Africa submitted by scgco to GGCrypto [link] [comments]

How to buy Bitcoin for Beginners - YouTube How to Use a Bitcoin ATM - YouTube Bitcoin explained: How do cryptocurrencies work? - BBC ... How to Use a Bitcoin ATM Machine - BitcoinDepot Review ... How Does Bitcoin Work? - YouTube

Transactions - private keys. A transaction is a transfer of value between Bitcoin wallets that gets included in the block chain. Bitcoin wallets keep a secret piece of data called a private key or seed, which is used to sign transactions, providing a mathematical proof that they have come from the owner of the wallet. The signature also prevents the transaction from being altered by anybody ... Bitcoin is a cryptocurrency created in 2009. Marketplaces called “bitcoin exchanges” allow people to buy or sell bitcoins using different currencies. The bitcoin system, along with all of the alt-coin cryptocurrencies that operate on it, uses a form of technology called a blockchain.This technology uses complex algorithms to verify each transaction, and also creates an ongoing ledger of every transaction that has ever occurred in chronological order. Bitcoin is a high-risk, speculative, volatile asset. Like many high-risk investments, it goes through boom and bust cycles and, depending on when you buy (or acquire) it, it can make you either a ... How to Use Bitcoin. Bitcoin was the first digital currency to eliminate the middleman. By avoiding banks and payment processors, Bitcoin developed a decentralized, worldwide market that requires only an Internet connection and an...

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How to buy Bitcoin for Beginners - YouTube

How do you use a Bitcoin ATM machine and why would you even want to? Watch me perform an actual BitcoinDepot ATM transaction live! 👇 Visit https://bitcoindep... Subscribe to my bitcoin channel - https://calcur.tech/subscribe-curryncy Updated video - https://www.youtube.com/watch?v=n5Q-A5BVw98 Join Coinbase and earn $... Thanks to Away for sponsoring this video! Go to https://www.awaytravel.com/techquickie and use promo code techquickie to get $20 off your next order! Bitcoin... A short introduction to how Bitcoin Works. Want more? Check out my new in-depth course on the latest in Bitcoin, Blockchain, and a survey of the most excitin... An estimated £3-4 billion is being laundered via cryptocurrencies in Europe every year, the director of Europol has told the BBC. It comes as the Shadow Trea...

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