How to Explain Bitcoin to Your Family - HedgeTrade Blog
How to Explain Bitcoin to Your Family - HedgeTrade Blog
How does Bitcoin work? - Bitcoin
Bitcoin explained: Here's everything you need to know - CNET
What is Bitcoin? Bitcoin Explained Simply (2020 Updated)
Bitcoin Explained - Illustrated Beginner's Guide
Consistent Quality!
~~If you are anything BUT 5 years old, and you're confused by something, this is the place for you.~~ Now that /eli5 clarified that they want simple explanations, (fake) 5-YEAR-OLDS ARE NOW WELCOME TO THE SUBREDDIT. But not in a creepy way.
Bitcoin for Beginners is a subreddit for new users to ask Bitcoin related questions. **Do not respond to strangers direct messaging you, as over 99% of these people are Scammers.** This subreddit allows open discussion where peer review occurs. /BitcoinBeginners is not for posting new websites, memes, faucets, affiliate links, news, concern trolling, blog articles, or promoting altcoins and ICOs. **Bitcoin related Questions only** No url shorteners (auto spam)
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.
Hi all, I'm a Comouter Engineering student and at my university I'm a founder of a student's team that studies Butcoin and Blockchain from a technological perspective and for research purposes. My sister (16) has been listening to me talking about Bitcoin and my (small) investments and now wants to start on her own and learn. How do you think I should explain her the basics, the good and the bad of Bitcoin and Blockchain? For now, I just told her to do her own research and that I will later "test her" by asking questions. I thought that this could be useful to make her learn and understand the good habits of any kind of investment. Do you think that this is a good approach? Or do you think that I should show her the ropes more properly and tutor her along her first steps into Bitcoin and Blockchain? If that can be useful, she's incredibly talented when it comes to Maths and would like to study Applied Mathematics for Finance in college. Edit: typo.
LToV Socialists, if labor = value, then explain Bitcoin.
If labor is equal to value, then why is Bitcoin worth nearly $11k at the time of writing? Yes, labor in the form of processing power is necessary to generate them in the first place, but after that, their value varies wildly. If you mined 1 bitcoin back in early 2013, you'd have a coin worth about $15. But if you held that coin for just 4 years, it'd be worth nearly $20k, over 130,000% more. No new labor was put into it whatsoever, but it was suddenly worth a car, because the market decided so. What gives? Shouldn't Bitcoin be worth an entirely consistent amount, or at least a stable amount? You could make the argument that Bitcoin is worth nothing, because price doesn't imply value, but doesn't that mean the labor used to create it is worth nothing as well? Am I missing something, or does Bitcoin just completely shatter the LToV?
Topic originally posted in Bitcoin by honorface76 [link]
honorface76 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].
How to explain Bitcoin and the blockchain to newbs?
Hi everyone, so I have tried to explain bitcoin and the blockchain to my family but they still seem not to get it. So is there a very good and thorough beginners 101 bitcoin video that I can show them, so they would understand me better? Would help alot :)
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!”
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
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)
Every bitcoin story must include an image of a physical bitcoin. Note: Physical bitcoin coins do not really exist. Science Picture Co We're guessing: yes, you have. What is Bitcoin Summary. Bitcoin is the first decentralized digital currency. All Bitcoin transactions are documented on a virtual ledger called the blockchain, which is accessible for everyone to see.Bitcoin gives you complete control over your money, unlike other assets you own which are regulated by banks and governments. We are using strangers to explain this, because in the real world, most Bitcoin users do not know each other. The notebooks in this example represent what's called the Bitcoin Blockchain. The Blockchain stores a public record of every single bitcoin transaction ever made. The Blockchain is not on paper but 100% digital and public. Investing in Bitcoin. Let’s say you have begun to explain the complicated topic of bitcoin to your family and you have them sold already. If this is the case, they might be asking you questions about taking the plunge and making the investment. There are a couple of risks with any cryptocurrency. First, in your average fiat money, we know that a dollar today will be roughly the same as a ... 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 once it has been issued. All transactions are broadcast to the network and usually begin to be confirmed within 10-20 minutes ...
The math behind cryptocurrencies. Home page: https://www.3blue1brown.com/ Brought to you by you: http://3b1b.co/btc-thanks And by Protocol Labs: https://prot... Could you explain what Bitcoin is in a non-technical way that my mother / father / grandparents could understand? This question is from the (rescheduled) Apr... A short video looking at 'Bitcoin', a decentralized digital currency. This is a self funded personal project, If you would like to make a Bitcoin donation fo... Learn about Bitcoin with the most watched Bitcoin video. More information: Start Guide - https://www.weusecoins.com Mining Guide - https://www.bitcoinmining.... Get our free Bitcoin course here - https://chrisdunn.com/free-bitcoin-course This Bitcoin basics video series will explain Bitcoin for beginners. You'll lear...