Explain bitcoins

Bitcoin confounds lawmakers as they try to figure out what it is and how it should be regulated.If you are new to Bitcoin, check out We Use Coins and Bitcoin.org. You can also explore the Bitcoin Wiki.

But what I wanted to do in this video is talk about what a bitcoin is in more general terms and what differentiating characteristics they have compared to other.The central bank or federal reserve loans the money on to the banks, the banks loan the moeny to the people.

Explain Bitcoin | Videos | Break.com

Learn about what Bitcoin is in our extensive Bitcoin knowledge database.Hey Spiceheads Taking a page from Reddit, I figured I would come here for some education.So hard that on average only a single node can be created every 10 minutes by the entire network.

New merchants are welcome to announce their services for Bitcoin, but after those have been announced they are no longer news and should not be re-posted.

Bitcoin - Open source P2P money

I will explain why Bitcoin has so many Silicon Valley programmers and entrepreneurs all lathered up,.Watch Explain Bitcoin videos and then jump to the homepage to watch the funniest and most amazing videos selected by our editors.

You may already be using an automated clearing house, without even realizing it.Submissions that are mostly about some other cryptocurrency belong elsewhere.The difficulty level of Bitcoin mining recently went up by over 7 percent.

In Which We Explain Why Bitcoins Are Suddenly Rising In Value

Only requests for donations to large, recognized charities are allowed, and only if there is good reason to believe that the person accepting bitcoins on behalf of the charity is trustworthy.That it could eliminate the need for national currenices and banks.

Bitcoin is a digital or virtual currency that uses peer-to-peer technology to facilitate instant payments.Update Cancel. Herein lies the difference between Bitcoin and any other currency.

A blockchain is a public ledger of all Bitcoin transactions that have ever been executed.By Alexander LawnBitcoin mining is the process by which the transaction information distributed within the Bitcoin network.Users can buy Bitcoins or earn them by using computers to solve math equations, a process called mining.

Bitcoin Mining for Dummies - a simple explanation

This article, instead, will focus on the technical and InfoSec.It is transfered from person to person and not through a bank or clearing house.If you have been involved with Bitcoin, both acquiring and spending coins, chances are you have told someone you know about it.

Economics of bitcoin - Wikipedia

Bitcoin is the first decentralized peer-to-peer payment network that is powered by its users with no central authority or middlemen.

Explain Bitcoins To Me Please | NoWorksSalvationApocalypseNow

Bitcoin is a technology, and therein lies its potential value.

Explain it like I'm Five - Bitcoin Mining Difficulty Level