What the hell is Bitcoin? - Slidebean

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Want to cash in on the Crypto-coin craze but don't have time to learn all that complicated tech-jargon? How do you set up a wallet? What the hell is a block-chain? Why doesn't bitcoin mining on my desktop computer make me rich? It's probably all a scam anyhow... Cookiecoin™ was made just for you!
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We realized a lot of people have been too scared to ask - what the hell is a Bitcoin ETF!? Here's all you need to know...

We realized a lot of people have been too scared to ask - what the hell is a Bitcoin ETF!? Here's all you need to know... submitted by Digitallifeworks to CryptoMarkets [link] [comments]

My quick "what the hell is a bitcoin anyway" intro. Target audience is actually-normal non-geek people - if someone asked you what on earth this "bitcoin" thing was, you should be able to answer from this. Critique welcomed.

What you have when you have a bitcoin
If you have bitcoins, what you have is control of a Bitcoin address with a positive total balance of transactions linked to it. A wallet is software running on your computer which manages the address and its linked transactions, and presents you with a total.
Although it's common to speak of “having” bitcoins on your computer, what you actually have is just the private key to a Bitcoin address. What this key does is tell the software running on the Bitcoin network that you have the authority to send bitcoins from that address.
You can send an arbitrary quantity of bitcoins from your address to another address by generating a transaction that is sent out into the network and added to the next block of transactions.
If you lose the key, your bitcoins are lost forever. Bitcoin security can be very technical, difficult and unforgiving; most people just keep a balance on an exchange. (This has its own problems, as we’ll see later.)
You can keep your bitcoins’ keys in a hot wallet, running on a computer attached to the Internet, or in a cold wallet, which can be a computer not attached to the Internet, or just the private keys stored on a USB stick or even printed out on paper.
Buying bitcoins can be fraught. Even mostly-unregulated exchanges increasingly comply with Know Your Customer anti-money-laundering laws, demand trustworthy government identification and will cut off your account if you’re doing anything that appears suspect. (20% of CoinBase staff work in compliance.) You can obtain bitcoins at a price premium, and much greater risk, from less trustworthy sources, down to buying them in person from someone you met on LocalBitcoins.
Other cryptocurrencies are obtained similarly, or you can buy bitcoins and then the other coin with those.
It’s worth noting that some banks in the UK and Australia have closed people’s accounts for Bitcoin-related activity – they have a stigma as a currency widely used for legally questionable transactions.
submitted by dgerard to Buttcoin [link] [comments]

We realized a lot of people have been too scared to ask - what the hell is a Bitcoin ETF!? Here's all you need to know...

We realized a lot of people have been too scared to ask - what the hell is a Bitcoin ETF!? Here's all you need to know... submitted by Digitallifeworks to bitcoin_uncensored [link] [comments]

We realized a lot of people have been too scared to ask - what the hell is a Bitcoin ETF!? Here's all you need to know...

We realized a lot of people have been too scared to ask - what the hell is a Bitcoin ETF!? Here's all you need to know... submitted by Digitallifeworks to CryptoCurrencyTrading [link] [comments]

We realized a lot of people have been too scared to ask - what the hell is a Bitcoin ETF!? Here's all you need to know...

We realized a lot of people have been too scared to ask - what the hell is a Bitcoin ETF!? Here's all you need to know... submitted by ABitcoinAllBot to BitcoinAll [link] [comments]

What the hell is a bitcoin?

submitted by inevitableanxiety to AskReddit [link] [comments]

What the hell Is a bitcoin and how does it work?

submitted by Scottie3Hottie to NoStupidQuestions [link] [comments]

Alternative Investments: What the hell is a Bitcoin? | Tip TV Finance

Alternative Investments: What the hell is a Bitcoin? | Tip TV Finance submitted by AliBongo88 to Bitcoin [link] [comments]

Alternative Investments: What the hell is a Bitcoin? | Tip TV Finance

Alternative Investments: What the hell is a Bitcoin? | Tip TV Finance submitted by BitcoinAllBot to BitcoinAll [link] [comments]

Alternative Investments: What the hell is a Bitcoin? | Tip TV Finance

submitted by BitcoinAllBot to BitcoinAllTV [link] [comments]

What the hell is a Bitcoin? Paul Henry Show in New Zealand (2014) Wonder if he fully understands now?

What the hell is a Bitcoin? Paul Henry Show in New Zealand (2014) Wonder if he fully understands now? submitted by KryptozCom to Bitcoin [link] [comments]

What the hell is a Bitcoin? Paul Henry Show in New Zealand (2014) Wonder if he fully understands now?

What the hell is a Bitcoin? Paul Henry Show in New Zealand (2014) Wonder if he fully understands now? submitted by BitcoinAllBot to BitcoinAll [link] [comments]

What the hell is a Bitcoin? Paul Henry Show in New Zealand (2014) Wonder if he fully understands now?

submitted by BitcoinAllBot to BitcoinAllTV [link] [comments]

Bitcoin mentioned around Reddit: What the hell Is a bitcoin and how does it work? /r/NoStupidQuestions

Bitcoin mentioned around Reddit: What the hell Is a bitcoin and how does it work? /NoStupidQuestions submitted by BitcoinAllBot to BitcoinAll [link] [comments]

Mike Tyson:"What the hell is a bitcoin machine?"

Mike Tyson: submitted by coincrazyy to BitcoinAll [link] [comments]

What does Bitcoin Diamond do and how the hell is it worth half a billion?

It's, what, the 6th fork of Bitcoin? sudden 80% increases and decreases in price, it's website struggles with basic English..
"Adding on Lighting network to fast transaction. Do Not require trust of Payment Channels to realize a real-time, massive transaction network."
"The high Transaction Fees associated with Bitcoin has become a great resistance for transfers and extremely hindered the volume for users to choose Bitcoin."
Why would someone use this as a currency? "let's go buy a car with Bitcoin Diamond, oh wait nvrmind, it's twice the price"
It's POS, but POS for what? more of something that doesn't seem to have any use or function
I don't get it
submitted by ronnie_s to CryptoCurrency [link] [comments]

05-25 18:24 - 'I sent a transaction over 2 hours ago, still no confirmations. / what the hell is that' by /u/TenaciousEnergy removed from /r/Bitcoin within 87-97min

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I sent a transaction over 2 hours ago, still no confirmations.
what the hell is that
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Author: TenaciousEnergy
submitted by removalbot to removalbot [link] [comments]

Be careful buying bitcoin in Romania from these machines ... 25,819Lei is $6,500 or €5,600 - one hell of a markup! (Current price is $5835). Anyone else seen these elsewhere, what are the rates?

Be careful buying bitcoin in Romania from these machines ... 25,819Lei is $6,500 or €5,600 - one hell of a markup! (Current price is $5835). Anyone else seen these elsewhere, what are the rates? submitted by mcnicoll to Bitcoin [link] [comments]

What the hell is Spankchain ?! Ranked number 19! Coinmarketcap good job letting a coin with no volume light up your top 100. /r/Bitcoin

What the hell is Spankchain ?! Ranked number 19! Coinmarketcap good job letting a coin with no volume light up your top 100. /Bitcoin submitted by ABitcoinAllBot to BitcoinAll [link] [comments]

I can't find the answer to this anywhere: what the hell is a single bitcoin? A number? A string? Nothing at all?

Everyone talks about the applications of Bitcoin, and the transactions involved with bitcoin, but what is a single bitcoin? What is mined when I mine (hypothetically) for bitcoins?
submitted by RoflCopter4 to Bitcoin [link] [comments]

Why is it when I do a Google search for 'bitcoin price', the result *still* includes an article from November of 2013?? You know the one it's "12 questions about Bitcoin you were too embarrassed to ask". What the hell, Google?

submitted by davidcwilliams to Bitcoin [link] [comments]

What the hell is Bitcoin Classic? Is it a fork of Bitcoin Core, with it's own separate blockchain?

submitted by teknic111 to Bitcoin [link] [comments]

What The Hell is A Bitcoin? Explained So What the Hell is a Bitcoin, Anyway? WHAT THE HELL IS A BITCOIN? - YouTube What the Hell is Bitcoin? - The Good, the Bad & the Tip

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What The Hell is A Bitcoin? Explained

What The Hell is A Bitcoin? Briefly go over what a Bitcoin is, some history, and what you can do with it. Visit the site at: thefutureiscryptocurrency.com Email Us: [email protected] ... Bitcoin is a decentralized cryptocurrency. In plain inglés, it's a virtual currency (money) that can be used for payments, without depending on a centralized bank. Your American Express and your... In my first video, I discuss what the hell a bitcoin is for people who may be interested in finding out a little more about the cryptocurrency! CryptoMaz walks you gently through all things bitcoin, like what the hell is it?!! #Crypto #CryptoMaz #Bitcoin #Whatisabitcoin If you fancy dipping you toe i...

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