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

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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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But you wouldn't download a new Director of Talent
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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.
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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]

u/Dm_Me_Your_Bitcoin Explains how America forced most of it's People of Color to migrate to large coastal states in their parents & grandparents generations; then geographically made their votes worth 1000+ times less than that of their mostly white counterparts, that live in the middle states

submitted by RedditorFrom2053 to bestof [link] [comments]

r/Bitcoin'er asks "Can someone explain these price drops? It happens with bitcoin too. I set a stop loss for £12.75, and this sudden drop and bounce caused the sell to occur then price rises back to its stable level. This has shot me in the foot a few times to me now"

Bitcoin'er asks submitted by Crypto_To_The_Core to Buttcoin [link] [comments]

I’ve spent hours looking for a video I seen on this bitcoin reddit. It was explaining bitcoin and comparing it to draws. The video explains in depth the numbers involved with bitcoin. I need help finding it! If anyone knows of this video please send it to me!”

submitted by kaz2727 to Bitcoin [link] [comments]

Can someone explain these price drops? It happens with bitcoin too. I set a stop loss for £12.75, and this sudden drop and bounce caused the sell to occur then price rises back to its stable level. This has shot me in the foot a few times to me now

Can someone explain these price drops? It happens with bitcoin too. I set a stop loss for £12.75, and this sudden drop and bounce caused the sell to occur then price rises back to its stable level. This has shot me in the foot a few times to me now submitted by pearljaminator to Bitcoin [link] [comments]

"I was concerned about the scalability of Bitcoin and satoshi responded to me saying that if I don't understand, he doesn't have time to explain it to me. So, I went on and created 3 of the highest performance blockchains out there." - Dan Larimer #THUGLIFE

submitted by ColinTalksCrypto to eos [link] [comments]

I’ve spent hours looking for a video I seen on this bitcoin reddit. It was explaining bitcoin and comparing it to draws. The video explains in depth the numbers involved with bitcoin. I need help finding it! If anyone knows of this video please send it to me!” (x-post from /r/Bitcoin)

submitted by ASICmachine to CryptoCurrencyClassic [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]

Explain Bitcoin to me like Oscar explains a surplus to michael in the office.

My brother has invested a small 50, it's now up to 61.31 or something like that I'll have to talk to him when he gets here and ask. Anyways, explain this to us please. Not trying to get rich, just mildly interested and would like to know more.
EDIT: its 63.31
submitted by LuciferWuu to BitcoinBeginners [link] [comments]

u/Dm_Me_Your_Bitcoin Explains how America forced most of it's People of Color to migrate to large coastal states in their parents & grandparents generations; then geographically made their votes worth 1000+ times less than that of their mostly white counterparts, that live in the middle states

submitted by unremovable to unremovable [link] [comments]

u/Dm_Me_Your_Bitcoin Explains how America forced most of it's People of Color to migrate to large coastal states in their parents & grandparents generations; then geographically made their votes worth 1000+ times less than that of their mostly white counterparts, that live in the middle states

submitted by SexandTrees to TheFightThatMatters [link] [comments]

Explain to me child-pays-for-parent transaction in a simple way (x-post from /r/Bitcoin)

submitted by ASICmachine to CryptoCurrencyClassic [link] [comments]

Can someone explain to me how does investing In bitcoin work?. I’m not sure if I’m wording it right but I’m trying to find out if I invest let’s say 500 In bit coin what would my return be if bitcoin hits 20,000.

submitted by My_Perception_92 to Bitcoin [link] [comments]

Can someone explain to me which idiot has given the anti-BCH that we will remove the thing that makes Bitcoin Cash deflationary (21 million BCH limit)

submitted by RowanSkie to btc [link] [comments]

Can someone explain these price drops? It happens with bitcoin too. I set a stop loss for £12.75, and this sudden drop and bounce caused the sell to occur then price rises back to its stable level. This has shot me in the foot a few times to me now (x-post from /r/Bitcoin)

Can someone explain these price drops? It happens with bitcoin too. I set a stop loss for £12.75, and this sudden drop and bounce caused the sell to occur then price rises back to its stable level. This has shot me in the foot a few times to me now (x-post from /Bitcoin) submitted by ASICmachine to CryptoCurrencyClassic [link] [comments]

[ Bitcoin ] Can someone explain to me what is Bitcoin Cash trying to accomplish and why it will/will not work?

[ 🔴 DELETED 🔴 ] Topic originally posted in Bitcoin by GodGMN [link]
Title. I know what a hard fork is but I don't know much more. Why is there people saying that the "original" bitcoin philosophy is in BCH and not BTC?
GodGMN your post has been copied because one or more comments in this topic have been removed. This copy will preserve unmoderated topic. If you would like to opt-out, please send a message using [this link].
submitted by anticensor_bot to u/anticensor_bot [link] [comments]

Can someone explain this to me? BTC priced in Gold. Shouldn’t this chart be the opposite or am I dumb lol (x-post from /r/Bitcoin)

Can someone explain this to me? BTC priced in Gold. Shouldn’t this chart be the opposite or am I dumb lol (x-post from /Bitcoin) submitted by ASICmachine to CryptoCurrencyClassic [link] [comments]

"I was concerned about the scalability of #Bitcoin and satoshi responded to me saying that if I don't understand, he doesn't have time to explain it to me. So, I went on and created 3 of the highest performance blockchains out there." - Dan Larimer

submitted by ColinTalksCrypto to CryptoCurrency [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]

08-31 07:49 - 'Could you please explain to me what is the function of this website in layman words?' by /u/rockabby removed from /r/Bitcoin within 525-535min

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Could you please explain to me what is the function of this website in layman words?
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Author: rockabby
submitted by removalbot to removalbot [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]

What is Bitcoin and how does it work: Bitcoin explained simply Cryptocurrency for Beginners How Bitcoin Works in 5 Minutes (Technical) - YouTube What is Bitcoin? (v1) - YouTube Bitcoin explained and made simple  Guardian Animations ... What is Bitcoin Mining? (In Plain English) - YouTube

ELI5 Bitcoin – Explain Bitcoin Like I’m Five. Let’s just say there’s you and me in a room, and I hand you a dollar. I gave the dollar to you, and now you have it and I don’t. We didn’t need anybody else to verify the transaction, and I can’t take it back unless you give me it back. That dollar is yours now to do whatever you like ... Bitcoin has made Satoshi Nakamoto a billionaire many times over, at least on paper. It's minted plenty of millionaires among the technological pioneers, investors and early bitcoin miners. 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. “Explain to me how Bitcoin works.” London & Silicon Valley: No Longer An Either/Or Choice; UK Government Outlines Support for FinTech and Digital Currencies @JackGavigan on Twitter. RT @leighton_jh: youtu.be/rSyumazURrs This was really fun! We just put this out on whether Bitcoin is digital gold, another bubble, or s… - posted 4 days ago Explain this blockchain. Miners are in charge of making sure bitcoin transactions made by users are recorded and legit. Simply put, they do this by grouping every new bitcoin transaction made ...

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What is Bitcoin and how does it work: Bitcoin explained simply Cryptocurrency for Beginners

Learn about Bitcoin with the most watched Bitcoin video. More information: Start Guide - https://www.weusecoins.com Mining Guide - https://www.bitcoinmining.... This introduction to bitcoin explains what is a crypto-currency and what exatly is a bitcoin? Also touched on are the other major currencies such as litecoin... 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... 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... I explain Bitcoin and cryptocurrency simply, for beginners. Bitcoin for dummies if you will, even though I don't like the expression. To truly understand what Bitcoin is and how it works can take ...

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