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Bitcoin for Beginners
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.
Hello everyone. I plan on buying some bitcoin, but after reading the pinned FAQ and some other resources I sill have some doubts that I hope you may shed some light. When buying bitcoins, the recommend approach is to do it through an exchange, such as kraken, and then transfer it to a more safer wallet, correct? This means that I would have to pay the purchase fee, and then, to transfer to my "safe" wallet, pay the miner fee. Is this correct? Then, when and if I intend to sell those bitcoins, I would have to pay the miner fee to transfer it from my wallet to the exchange, and then pay the withdrawal fee. Is this understanding correct? Thanks in advance!
Hello all, I've been reading about roobet and online crypto gambling. However I am very new to the crypto currency scene. My main question is the exchange rate, I signed up for a Roobet Account and a coinbase account. When I went to add funds it states that 1 CAD is equal to 0.000067 bitcoins. Now in order to get started with Roobet gambling, is 0.000067 enough, or am I going to be depositing thousands of CAD. Or is there something I'm missing, or not quite understanding correctly. Thank you.
What exactly is the controversy regarding Bitcoin Cash, Asicboost, and Antbleed, and is it true?
I just read some old posts about Bitcoin Cash, and a totally different picture is painted of what actually happened. Though Bitcoin Cash wasn't created by Jihan Wu, or Bitmain, I read about the threats of hashpower on BTC by Bitmain. Apparently, Bitmain had an advantage called 'ASICBoost' which gave a 20% advantage to their mining farms, and this advantage didn't spread to their customers either. Apparently SegWit unintentionally took away this advantage, and this didn't make Jihan very happy. Apparently they also had something called "Antbleed" which gave Jihan backdoor control of mining machines. On top of this, I've also read that Bitmain controls a significant supply of Bitcoin Cash, and are only mining on the chain because they can still use ASICBoost. Is this all true? If so, I can't support Bitcoin Cash anymore. I want to believe that this is false, but I need evidence to prove that it is not true. Can someone help out?
Hello, what are the legal requirements for a now 16 year old to start a bitcoin exchange? Payments will be taken through bank transfers and PayPal. Will I be required to pay taxes on everything, my profits, or what? How do I delcare this to the HMRC, explain it, and any other requirements I need to follow.
Regarding Bitcoin.com’s stance on the recent block reward diversion proposals
In response to Roger’s recent video, I agree that last bullet point is ridiculous. How much a project is “in need of money” should be an irrelevant factor. If anything it shows how UNsuccessful that organization is. A free market doesn’t force you to fund poor services. Government laws do this. They interfere with the free market. In my opinion this funding is a bad idea as it’s too controversial. It opens up the possibility for a split, and there are bad actors who would love to take advantage of this opportunity. As discussed, BCH only has about 3% of the global SHA256 hashrate. By creating the option to change the rules of the network with a 66% miner vote, this allows bad-acting miners (BTC or BSV miners) who want to guide BCH in a bad direction an opportunity to use their hashrate for a LIMITED time (just during the voting period) to cause LASTING effects well beyond the voting period. Once activated, it no longer requires their hashrate but the rules stay in place. To a bad actor, this is the “gift that keeps on giving” (in a negative sense). If I was Calvin Ayre for example, I’d throw every bit of hashrate I had at BCH during this time period to try to derail its decision. It would be worth it because after the vote the decision is lasting. Normally, hashrate does not get longterm benefit from short term investments. It gets the benefit of a single block mined at a time. If BCH didn’t share its hashrate with BTC and BSV this wouldn’t be as much of an issue. But it does. Fund BCH another way. Also shared here: https://read.cash/@ColinTalksCrypto/regarding-bitcoincoms-stance-on-the-recent-block-reward-diversion-proposals-5513abcd
Looking for a Glossary of the terms, acronyms and abbreviations regarding Bitcoin?
Hello everyone, I hope you can help me. I am basically a newbie regarding Bitcoin (started a couple of days ago) and it has been particularly hard for me to understand Bitcoin and this is mainly because of the many terms, acronyms and abbreviations that are used as English is not my first language. So I was wondering if you can help me with this. If you know of a YouTube video about this as well, it would be greatly appreciated also. Thanks in advance!
From the past two days, I've bought 250£ worth of bitcoins via Blockchain android app and because of their fees, I roughly ended up with roughly 240£ worth of Bitcoin. The rate that I was buying at compared to the market rate was roughly 3% higher. Is this normal? Would I get a better rate if I switch to other app/exchange instead? Appreciate any feedback or response!
Hi every one, So after years of hearing about Bitcoin, I decided to give it a try. It's now my official second day using Bitcoin for online transactions and I'd like to get answers for a few questions: 1-What exchange should I be using to purchase "Altcoins" safely? I have registered an account on Binance and I find it very easy to use for now. 2-I came across a web wallet named bitamp.com the other day on reddit and I created a seed there. Is it safe to store the seed on my computer or should I print and write it manually every time I want to login? 3-I have done some research on hardware wallets which was suggested to me initially and was wondering, what do you find easier to use? Trezor or Ledger? Thank you and that's all for now! :)
Hey Everyone, Wanted some help regarding sending bitcoin to my brother in Australia. I am located in the US and have bitcoin on my square cash app. I am having some trouble sending money to my brother who is stuck there (TLDR exchange student) so I thought maybe I can send him some bitcoin and he can convert it to AUD there and use it. Any exchanges you would recommend in Australia? Or any suggestion on sending P2P ? Both of us a kind of new to this. Thanks in advance
Bitcoin News is the world's premier 24/7 news feed covering everything bitcoin-related, including world economy, exchange rates and money politics. Unfortunately, the Bitcoin community has no rule over the decisions that jurisdictions make regarding Bitcoin and other virtual currencies. How About Bitcoin Consumer Protection? There are no limitations to what you can do with Bitcoin when compared to other forms of tender. Users are free to send and receive money as they please, but they also have an option of creating far more complex ... Bitcoin, the world's primary cryptocurrency by market cap, is up and down at press time, and analysts differ regarding how it should act. It’s very unlikely Bitcoin fits this description because Bitcoin offers value as a form of money: using the proof-of-work concept, Bitcoin sufficiently solves the problem of reaching a consensus among a network of untrusted peers, allowing for funds to be quickly transferred to anyone on the planet without trusting a 3rd party. Bitcoin is the first payment system to accomplish this. Hey, you want to invest right now in Bitcoin but don't know how the market will behave. Well just put 5-6 limit orders around those colored prices and you will be good and stress free, ready to continue your life with no sweat. Red Prices: 5-15% of what you are willing to lose Yellow prices: 25-35% of what you are willing to lose Green prices: 50-55% of what you are willing to lose Blue Prices ...
Bitcoin Basics (Part 1) - "Explained For Beginners" - YouTube
A panel with Lasunka Perera, Tobias Abbey, Bok Khoo, Robert Allen, Craig Wright If you have enjoyed this content, please send me a few Satoshi's to show your... For more information: https://www.bitcoinmining.com and https://www.weusecoins.com What is Bitcoin Mining? Have you ever wondered how Bitcoin is generated? T... The cryptocurrency Bitcoin has a problem as old as money itself -- theft . And that's giving rise to a new profession: bitcoin detectives like Kim Nilsson, a victim of the massive Mt. Gox exchange ... This video is unavailable. Watch Queue Queue. Watch Queue Queue Join my Woo Woo Crypto Patreon https://www.patreon.com/jsnip4/memberships http://www.realistnews.net DISCLAIMER: WHILE I SPEAK ABOUT CRYPTOCURRENCIES, TOKENS...