ELI5 Bitcoin – Explain Bitcoin Like I’m Five - Bitcoin
ELI5 Bitcoin – Explain Bitcoin Like I’m Five - Bitcoin
Explain Bitcoin to Me in 2020 | AT&T Cybersecurity
How To Explain Bitcoin To Anyone And Everyone - CoinSutra
Bitcoin explained: Here's everything you need to know - CNET
What is Bitcoin? 3 Things to Know About the Cryptocurrency
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[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"
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?
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
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? Thanks
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?
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
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
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.
what is bitcoin?who is bitcoin miner? Most Easy Explanation for Beginners I Education
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