ELI5 Bitcoin – Explain Bitcoin Like I’m Five - Bitcoin

New to Bitcoin? Confused? Need help? You've come to the right place.

Bitcoin is an internet based decentralised currency. Similarly to Bittorrent, but Bitcoin uses a public ledger called the blockchain to record who has sent and received money. It's very new, and for many very confusing. BitcoinHelp aims to rectify this. Whether it be explaining how it works, how to use it, how to buy Bitcoins, how to integrate Bitcoins into your business. Sharing your successes as well as failures in order to help others is also gladly received. Ask away!

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Leverage Your Cryptocurrency

Leverage is a decentralized platform that allows people to store and invest their wealth in a decentralized cryptocurrency, and earn a substantial interest on investment. The Leverage Platform (LVP for short) features a genuine, trustworthy and traceable lending platform with complete data sharing and absolute information transparency.

Can someone explain to me bitcoins and the 'hodl' culture? /r/Bitcoin

Can someone explain to me bitcoins and the 'hodl' culture? /Bitcoin submitted by BitcoinAllBot to BitcoinAll [link] [comments]

[uncensored-r/Bitcoin] Can someone explain to me bitcoins and the 'hodl' culture?

The following post by PM_ME__YOUR__BUTT is being replicated because some comments within the post(but not the post itself) have been silently removed.
The original post can be found(in censored form) at this link:
np.reddit.com/ Bitcoin/comments/7dkhwr
The original post's content was as follows:
The way I see it, a commodity needs a utility. Otherwise, the only purpose for early buyers is that it increases in price by having late buyers buy it. Late buyers only buy it in hopes that other people later buy it.
  • That's unsustainable. There is a limit of people in the world. Eventually, without an actual utility, it will stop growing.
  • If markets do not adopt bitcoin, then it has no adoption rate. No adoption rate = you can't use your bitcoins except for big things like buying cars or houses and you have to negotiate with merchants and agree to pay the fees.
  • Bitcoins are not like actions. Actions get their value from the utility that the company brings forward to society. Apple trades are worth x because apple is performing well. Bitcoin only gets its' value because more people are buying into it.
We need to find a utility for bitcoin or its' lifetime will be shorter than expected.
EDIT: the word "except"
submitted by censorship_notifier to noncensored_bitcoin [link] [comments]

J.K. Rowling: “I don’t understand bitcoin. Please explain it to me.”

J.K. Rowling: “I don’t understand bitcoin. Please explain it to me.” submitted by eragmus to Bitcoin [link] [comments]

Hey, I’ve seen the argument floating around here that the IFP breaks the Nash Equilibrium of Bitcoin‘s inventive structure. Unfortunately, I don’t understand it. Would somebody kindly explain this argument to me?

I’ve read it somewhere on here but forgot where it was. I’d be very happy if we could keep the politics out and just completely focus on the economics.
How does the IFP break the incentive structure, especially the Nash Equilibrium?
submitted by eyeofpython to btc [link] [comments]

How people probably think of me when I explain Bitcoin to them

How people probably think of me when I explain Bitcoin to them submitted by granttes to Bitcoin [link] [comments]

J.K. Rowling: "I don’t understand bitcoin. Please explain it to me."

J.K. Rowling: submitted by Egon_1 to btc [link] [comments]

can someone explain bitcoin mining to me in non-computery terms

submitted by aidanestrada to BitcoinBeginners [link] [comments]

Explain to me as a noob what the bitcoin hype is all about?

I’ve got money to invest, and all I hear about is bitcoin.
Is this a good investment for someone who doesn’t have much knowledge on bitcoin?
What do I need to learn?
I have around $3,000 spare to invest
submitted by UnjointedAtom to Bitcoin [link] [comments]

Harry Potter Author J.K. Rowling: "I Don’t Understand Bitcoin. Please Explain it to Me"

submitted by afriendofsatoshi to btc [link] [comments]

Can anyone explain to me how to add bitcoins to a cold wallet?

Like I said, I completely understand how to set up the cold wallet with tails and made a watch only account. I know how to send them but I don't know how to put them in. Any help would be appreciated
submitted by Jmc21399 to Bitcoin [link] [comments]

I’m new to bitcoin can someone explain to me what’s happening and should I buy?

(Edit) I understand halving I’m just not sure when to buy.
submitted by tomahawk1398 to Bitcoin [link] [comments]

Any chance anyone could explain the halving that’s supposed to occur to me and how that affects the price of bitcoin ?

submitted by surafel173625272 to Bitcoin [link] [comments]

Can someone please explain to me how bitcoin works?

So i would like to start getting into bitcoin. How does it work? I have done some research but im still very confused on how to acquire the currency, then sell it. What does having a wallet mean, for example coinbase. What is is the difference between having coinbase, vs downloading bitcoin armory. Which one is safer, which one does not require me to show any government ID. Can I sell bitcoin straight to paypal or to my bank?
submitted by chance111 to Bitcoin [link] [comments]

Can someone explain to me how Bitcoin prevents inflation?

If people started using bitcoin instead of FIAT.

When economies keep growing but they have a limited number of Bitcoin. Would that not result in price of bitcoin slowly increasing which would result in cost of living increasing? Would that not have the same effect?
submitted by Stevie_wonders88 to Bitcoin [link] [comments]

Please explain this glaring question about Bitcoin to me

I've asked this before and haven't really gotten anything close to a good answer. How would debt/borrowing work if the supply is obviously fixed at 21 million? Most the responses I've gotten about this just have some out of left field response that doesn't address the question or I am told debt/borrowing wouldn't be necessary in a Bitcoin world with no explanation. I am very pro Bitcoin, but to me this seems like a glaring hole in the possibility of it ever being widely adapted. The vast majority of people need a loan to start a business or a mortgage to buy a house. But if Bitcoin were to ever be adapted then we couldn't operate off debt. How will people start businesses? How will hundreds of millions of people just some how make money appear out of thin air to pay for a home upfront? Please no responses beating around the bush or attacking my logic without explaining how this is possible, I just want a simple answer as to how people who don't have enormous savings can just somehow start businesses, buy houses, etc in a time where Bitcoin is the global currency
submitted by HairBones69 to Bitcoin [link] [comments]

Can someone please explain bitcoin and mining to me I have no IT training and all the videos I watch confuse me even more

submitted by Chelle1108 to BitcoinBeginners [link] [comments]

05-20 06:44 - 'Could anyone explain or link me to how to pay Bolt 11 Invoice or use Node Info to pay this? This is from Light Nite game.' (i.redd.it) by /u/BitChessDotNet removed from /r/Bitcoin within 1696-1706min

Could anyone explain or link me to how to pay Bolt 11 Invoice or use Node Info to pay this? This is from Light Nite game.
Go1dfish undelete link
unreddit undelete link
Author: BitChessDotNet
submitted by removalbot to removalbot [link] [comments]

Can you explain #Bitcoin to me?

Can you explain #Bitcoin to me? submitted by btcc_official to u/btcc_official [link] [comments]

Harry Potter Author J.K. Rowling Asks: Please Explain Bitcoin To Me

submitted by bitcointothemoon_ to CryptoCurrencyTrading [link] [comments]

Harry Potter Author J.K. Rowling Asks: Please Explain Bitcoin To Me

submitted by bitcointothemoon_ to Crypto_Currency_News [link] [comments]

Harry Potter Author J.K. Rowling Asks: Please Explain Bitcoin To Me

submitted by cryptoallbot to cryptoall [link] [comments]

Can someone please explain to me what bitcoin is in detail? I still have trouble understanding what it really is and how it works.

submitted by PhantomLTG to Bitcoin [link] [comments]

what is bitcoin?who is bitcoin miner? Most Easy Explanation for Beginners I Education Explain Blockchain (Bitcoin) To Me What is Bitcoin and How to Use It (EXPLICIT) w/ Peter ... Bitcoin News: Bitcoin Explained In Details How Bitcoin Works in 5 Minutes (Technical)

Explain Common Questions of Bitcoin and Crypto In Simple Terms. The purpose of this article is to answer those questions by introducing you to Bitcoin and other cryptocurrencies in simple terms and an easy-to-digest manner. Bitcoin Prepares to Rally to $12,000 as… Bitcoin Halving, Reddit Using Ethereum, JP Morgan… Bitcoin Investors are Growing Fearful as Risk… While Elon Musk Thinks Bitcoin Looks “Solid,”… Analysts Flip Long on Bitcoin as Large… Blockchain Bites: Last Day of Consensus, Will… Keep the UFO News Cycle Coming –… JK Rowling Asks by Nik Custodio Explain Bitcoin Like I’m Five If you still can’t figure out what the heck a bitcoin is… We’re sitting on a park bench. It’s a great day. I have one apple with me. I give it to you. You now have one apple and I have zero. That was simple, right? Let’s look closely at what happened: My apple was physically put into your hand. Explain Bitcoin to me. January 9, 2019 | Tristan Johns. Most Bitcoin articles get rushed up in the price movements of Bitcoin, and there's a place for that. This article, instead, will focus on the technical and InfoSec aspects of Bitcoin, and will aim to provide an understanding of the Bitcoin network and protocol. The Bitcoin software is a program which can be installed by anyone. Clients on the Bitcoin network talk to each other on a peer to peer, production network. Today, anyone can install the client and be part of the Bitcoin network. Bitcoin began at a time called "Genesis". At the origin, there were no coins and no transactions.

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what is bitcoin?who is bitcoin miner? Most Easy Explanation for Beginners I Education

Watch Kevin explain how bitcoin can make you rich or make you poor. Join CoinMetro Founder and CEO, Kevin Murcko, as he breaks down seemingly complicated crypto terms into bite size chunks ... In this video, I explain what the basics of bitcoins are, introduction to bitcoin, bitcoin, peer to peer network, blockchain, how bitcoin works and how bitcoin is a good investment. I also explain ... Bitcoin has surged in popularity recently. How does it work, why do people want it, and how can you get your hands on some? Techquickie Merch Store: ... I explain it here: www.CryptoBandwagon.org ... Go to my website to sign up for the email list or click "Contact" to email me. ... Bitcoin and other crypto coins are now worth $800 billion, six ... Baffled by bitcoin? Confused by the concept of crypto-currencies? Well, fear no more. In 190 seconds we explain what bitcoin actually is, where the idea came from and the impact it's having around ...

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