What is Bitcoin ?

What is Bitcoin ?
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1 Answer

Answer :

Bitcoin is a type of virtual currency that is traded through cryptographic protocols. It is not an institution for transaction control. This is an entirely open source project.
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Related questions

What is the current value of bitcoin ?

Description : What is the current value of bitcoin ?

Last Answer : At present the value of one bit coin is 1 lakh 11 thousand rupees.

Are there any reasons why the US government (and/or departments thereof) couldn't retask the government supercomputers to mint huge quantities of Bitcoin?

Description : Are there any reasons why the US government (and/or departments thereof) couldn't retask the government supercomputers to mint huge quantities of Bitcoin?

Last Answer : It isn’t cost effective, because the resources to “mine” additional coins is too much. And, it is all part of a ponzi scheme anyway.

Do you think the total amount of bitcoin has a hard limit?

Description : Do you think the total amount of bitcoin has a hard limit?

Last Answer : The underlying architecture could be altered, I believe, to accommodate more Bitcoin. But it's all just a big bubble anyway, huh? Like, where's the real value? Yes, thank you blockchain, we'll ... crime. The ideas will live on, but I think, Bitcoin will either change drastically or be supplanted.

Is Bitcoin a horrible ********* present?

Description : Is Bitcoin a horrible Christmas present?

Last Answer : Yes. You might as well gift them beanie babies or pet rocks. Those were valuable once, too.

What are your thoughts on Bitcoin?

Description : What are your thoughts on Bitcoin?

Last Answer : There was an article in the NY Times recently about how hackers can drain your entire bank account via Bitcoin. I’d never do something like Bitcoin for that reason. Not that any other type of banking is 100% safe but Bitcoin is one more way your info is out there waiting for you to get fucked.

Help! How can I get paid in bitcoin and use a bitcoin debit card?

Description : Help! How can I get paid in bitcoin and use a bitcoin debit card?

Last Answer : answer:You don't say where you live, so it is hard to answer. First of all, you have to find someone willing to pay you in bitcoin. That won't be in the US, but maybe you can find an ... very many bitcoin ATMs that will convert to real money. I live near San Francisco, and there are only a few.

Computer Scientists/Math Geeks: Would it be possible to design an open source voting machine based on Bitcoin verification math?

Description : Computer Scientists/Math Geeks: Would it be possible to design an open source voting machine based on Bitcoin verification math?

Last Answer : answer:I would have applauded this as an interesting idea until I heard of yet another bitcoin theft today. Sounds to me like the whole bitcoin verification is not terribly secure. Also, SS# is not proof of citizenship.

Do you think Bitcoin is the future?

Description : Do you think Bitcoin is the future?

Last Answer : answer:It needs a lot of work. It isn’t secure. And the value is subject to great volatility that makes it unpredictable as a useful medium of exchange for repayment or future purchases.

PharmaBro gets robbed of $15 million in Bitcoin. Cosmic justice?

Description : PharmaBro gets robbed of $15 million in Bitcoin. Cosmic justice?

Last Answer : Bwahaha. I don’t know about cosmic justice, but it sure is amusing and much deserved.

Bitcoin appears to be collapsing as a result of the demise of one its major exchanges. Is this the beginning of the end?

Description : Bitcoin appears to be collapsing as a result of the demise of one its major exchanges. Is this the beginning of the end?

Last Answer : I don’t know if it will survive, but I don’t think this will be what kills it. I’d be more concerned with how bitcoins seem to have a tendency to accumulate in the hands of a Bitcoin 1%.

Is it worth my time to invest in Bitcoin?

Description : Is it worth my time to invest in Bitcoin?

Last Answer : answer:I looked into this recently and decided: no, I missed the boat. The currency is valued pretty highly right now, so you're not likely to make money by waiting for it to gain value. Mining is ... up the guy who bought $27 in bitcoins 4 years ago and realized recently that he is a millionaire).

Why do I get a JSON error when Bitcoin mining every now and then?

Description : Why do I get a JSON error when Bitcoin mining every now and then?

Last Answer : answer:2 minutes later I find a “Autostart” checkbox. Great. Watched it hop right over an IO error. :3 I’d still like to know more about what’s going down when the error occurs, and if I can make the Intel CPU graphics run my GUI and everything while the GPU mines simultaneously.

Have any of you ever heard of Bitcoin?

Description : Have any of you ever heard of Bitcoin?

Last Answer : I have. It was covered in an article I recently read in a magazine, probably either Time or Harper’s. The whole idea gave me a very uneasy feeling.

Would you invest in bitcoin or future online virtual currencies?

Description : Would you invest in bitcoin or future online virtual currencies?

Last Answer : answer:Maybe when it's more commonly accepted (probably not universally , but even credit cards aren't universally accepted) as currency. I've long been in favor of private currency ... universally accomplish via inflation. Silent, and tacitly accepted abetted by people who should know better.

Consider the bitcoin currency, what are your thoughts?

Description : Consider the bitcoin currency, what are your thoughts?

Last Answer : answer:In terms of pros/cons. Pros: -No centralized bank, no fees. -Anonymity. -Your wallet is an encrypted datafile, (proof of work), and also proof of funds. You don't need someone ... seems to just reinforce human greed than give just an alternative solution. But that depends, again, on use.

Which is more worth it on cashapp stocks or bitcoin?

Description : Which is more worth it on cashapp stocks or bitcoin?

Last Answer : Depends on your goals, stocks are great if you know a little something about the company and the shares you’re purchasing. As far as BTC goes, I believe the long term returns will be phenomenal but you have to hold on through all of the ups and downs.

How much further will Bitcoin go and why?

Description : How much further will Bitcoin go and why?

Last Answer : It depends on your timeline. I fully expect 100,000 in the next two years.

Bitcoin are finite, and they are are a product of ever increasing computational complexity. What is their true value?

Description : Bitcoin are finite, and they are are a product of ever increasing computational complexity. What is their true value?

Last Answer : Whatever people are willing to pay for them. The energy, and natural resources required to maintain it are concerning though.

Is white bitcoin (WBTC) a wise interest in 2020?

Description : Is white bitcoin (WBTC) a wise interest in 2020?

Last Answer : 2020 has changed the world a great deal and innovation is presently significant like never before and the same number of finance managers and financial specialists go to the computerized economy. ... for the individuals who are hoping to try and learn cryptographic money for longer timeframes.

What will be the value of White Bitcoin (WBTC) in 2023?

Description : What will be the value of White Bitcoin (WBTC) in 2023?

Last Answer : White Bitcoins (WBTC) is one of the freshest and most loved digital money as indicated by current pieces of information and is turning into the decision of an ever increasing number of individuals ... is ever developing and thus it will give you incredible return in the drawn out situations.

Is Bitcoin Legal in Bangladesh ?

Description : Is Bitcoin Legal in Bangladesh ?

Last Answer : One month after Bangladesh joined the Bitcoin Foundation as the first country in Asia, Bangladesh Bank has imposed a ban on bitcoin transactions in the country. Transactions in Bitcoin or Bitcoin or any ... and the Prevention of Money Laundering Act , 2012. So Bitcoin is illegal in our country.

How to get bitcoin ?

Description : How to get bitcoin ?

Last Answer : Link See details here. I can't explain it in 2/1 words so I gave the link

What is Bitcoin ?

Description : What is Bitcoin ?

Last Answer : Bitcoin is the world's first open-source cryptocurrency , also known as the decentralized digital currency. In 2009, Satoshi Nakamoto, a pseudonymous person or group, introduced this currency system which is called peer-to-peer currency. Thank you!

What is Bitcoin ?

Last Answer : Bitcoin is a cryptocurrency traded through open source cryptographic protocols.

How long do you think bitcoin balloons last?

Description : How much longer do you think this exchange rate can go?

Last Answer : This is no longer a balloon. He once understood a lot, now the exchange rate has gone beyond that. It can go up to 50-100 thousand.

What do you think about Bitcoin?

Description : What do you think about Bitcoin?

Last Answer : It would have been worth it long ago, now that the exchange rate is so up, I consider it a huge risk.

Does anyone collect Bitcoin?

Description : It's actually an online option

Last Answer : Well, I was busy that year, but I didn't see the point, so I stopped

Who would buy bitcoin worth 1,000,000 ft at the beginning of the year (2017) now?

Description : Take it out = it would be useful!

Last Answer : I would take out at least half.

how to mine bitcoin?

Description : I’ve heard that bitcoin mining is a pretty good way to make money. What to add and how to do it at all.   

Last Answer : These are good articles about it in Hungarian: http://www.bitcoinbazis.hu/bitcoin-banyaszat-mukodese/ http://www.bitcoinbazis.hu/bitcoin-banyaszgep-telepitese/

How to purchase Adderall with bitcoin?

Description : How to purchase Adderall with bitcoin?

Last Answer : h ijn kokm nkkj nhy gt fy ijn kkm mko kkp n ug vfre w w rc gh b okm ko n hgtrd ed ftyg bji kokm kijb ytf rfcg yhj iik ko ju hgt f t g hu jji jnu g tg

How does bitcoin works?

Description : How does bitcoin works?

Last Answer : Bitcoin is a cryptocurrency that is invented by Satoshi Nakamoto and it is an investment for many people. It is also used as a cashless payment for every other websites. It's worth increases and decreases each day.

How does bitcoin faucets work?

Description : How does bitcoin faucets work?

Last Answer : Bitcoin faucets are useful to earn some cents of bitcoins. An owner of faucet site can increase earnings by site traffic. Earnings increase depending on how much the number of visitors click on ads. ... the site creator needs to distribute money on your wallet bitcoin, and add this to the site.

Is investing in Bitcoin profitable?

Description : Is investing in Bitcoin profitable?

Last Answer : Investing in bitcoins may be profitable to those who know the in and out of it. Otherwise, it may be a risky affair to enter into it.

Where to get the best Local Bitcoin Clone Script?

Description : Where to get the best Local Bitcoin Clone Script?

Last Answer : Bitdeal, is a Pioneer in cryptocurrency exchange development, furnishes you the best and premium ... Localbitcoins Clone Script is a fully white label cryptocurrency exchange website clone ... We at, bitdeal handles exclusive development strategy to construct our premium localbitcoins clone script.

Do you still have hope in Bitcoin?

Description : Do you still have hope in Bitcoin?

Last Answer : I really don't support with the virtual currency, of course it will happen. Even our actual currency in the market is going up and down every second, it will also happen to Bitcoin and other ... not those who invested hoping they will get rich or their money will double or triple in real time.

What is Sweatcoin? What is its advantage over Bitcoin and other cryptocurrencies?

Description : What is Sweatcoin? What is its advantage over Bitcoin and other cryptocurrencies?

Last Answer : Yes sweatcoin is a digital currency but it isn't like bitcoins. You can only get sweatcoins by downloading the sweatcoin app. This is more like a workout app where you'll earn 1 sweatcoin for ... currency since anyone from anywhere can use it. Sweatcoin whereas is limited. They don't even compare.

Is Having A Bitcoin Wallet Necessary For All Of Us?

Description : Is Having A Bitcoin Wallet Necessary For All Of Us?

Last Answer : I do not really think so as I do not see a lot of use for bitcoins. I do not use cassinos or do weird things online so to me bitcoins is something that could disappear and I would not care ... they are so useful anyways. In fcat getting them and the market where they are accepted seem quite iffy so.

Which is better Bitcoin or Litecoin?

Description : Which is better Bitcoin or Litecoin?

Last Answer : I prefer Bitcoin to litecoin because Bitcoin is well known and most used and it more valuable and worth more than litecoin. Most people like me like to turn litecoin to Bitcoin and stored ... is more recognized as a digital money than any other cyptocurrencies that we have now litecoin inclusive.

What is bitcoin?

Description : What is bitcoin?

Last Answer : Bitcoins is a form of crypto currency, a form of digital money. This is a digital money without a centralized bank. You can earn from it by mining whichh you will earn the small portion that is ... country. This is created by Satoshi Nakamoto in 2009 and at present, it became one form of investment.

Anyone know any exchanger online, from bitcoin to payoneer ?

Description : Anyone know any exchanger online, from bitcoin to payoneer ?

Last Answer : I have always wondered how all this worked. I joined a forum called BeerMoney Forum. The owner of the site calls himself Mr. B. He is very knowledgeable about online work and how the coins can ... better understanding of how much these transactions will cost you and which one is best for you to use.

What you think about bitcoin , is it money or just illusion ?

Description : What you think about bitcoin , is it money or just illusion ?

Last Answer : I like the term you used, "real shadow." Bitcoin is not an illusion in my opinion. As we know, it is a virtual currency that can be exchanged for other currencies, goods and services. If ... even shop online these days with bitcoins. The people that lose from it mostly engage in risky investments.

What is the mining process of Bitcoin?

Description : What is the mining process of Bitcoin?

Last Answer : When it comes to average money the countries simply print more cash. Now when we talk about bitcoins the money needs to be mined. Minings is done by hundreds of thousands of computers all over the world ... in the market, what is not the whole point of the digital currency. That is the basic idea.

What will be the future of bitcoin and other cryptocurrencies?

Description : What will be the future of bitcoin and other cryptocurrencies?

Last Answer : If you've been following the market like so many others, you'll have noticed that last year Bitcoin reached a peak of $800 billion in January of 2017. Soon after this, the regulatory started to ... or survive and flourish. Only time will tell us what the further of Bitcoin and cryptocurrency has.

What is the best website to invest in bitcoin?

Description : What is the best website to invest in bitcoin?

Last Answer : There are investment sites accept bitcoin as a payment, but the problem is that most of those investment sites aren't 100% safe, some of them went scam after a few months and bring those bitcoins or cash with ... if you have funded bitcoin a year ago, and cash it out today you can even buy a car.

What are your thoughts on Ban on Bitcoin and other cryptocurrencies?

Description : What are your thoughts on Ban on Bitcoin and other cryptocurrencies?

Last Answer : When cryptocurrency first came out many people told me to invest in Bitcoin it was the currency of the future. I thought this was just another scam and a way for a person to create his own currency. ... all. Just a bit of your time and energy to go to these sites and earn free cryptocurrency.

I want to start mining Bitcoin. What are the options today?

Description : I want to start mining Bitcoin. What are the options today?

Last Answer : Step 1. You will need a "wallet" to get started. This is a bit like a PayPal account where your bitcoins can be stored. You can store this wallet online or locally on your computer. You ... into your Bitcoin mining software, and then enter the main group URL so your employees can start mining.

Who Would like to know legit site for earning free bitcoin fast?

Description : Who Would like to know legit site for earning free bitcoin fast?

Last Answer : Many people work on faucet sites that will pay them to sign in or perform a small task. Other sites will just require you to hit a key to spin the wheel and have the coins credited to your account ... have seen a few hubs that allow you to spin a wheel every hour to accumulate coins in your account.

Looking for the best bitcoin online casino?

Description : Looking for the best bitcoin online casino?

Last Answer : It appears that you and another member have asked the same question here on the site. I have given this person 3 of the top casinos for earning bitcoins online. It might be a good idea to go and take a ... site and this isn't a good idea. Hope this will help you find your answer to this question.

What is the history of Bitcoins? and the inventor of bitcoin is revealed or not?

Description : What is the history of Bitcoins? and the inventor of bitcoin is revealed or not?

Last Answer : The world speaks more and more of Bitcoin, digital currency, digital gold, Satoshi Nakamoto, but not everyone knows the story behind the criptomoeda that changed the world. Get a brief summary ... discovering Nakamoto's identity could have a huge impact on bitcoin's economy and internal politics.

Bitcoin good or bad? What are the pre requiremnt for bitcoin for creating bitcoin account?

Description : Bitcoin good or bad? What are the pre requiremnt for bitcoin for creating bitcoin account?

Last Answer : It's impossible to explain what exactly is Bitcoin in few words. But it is really useful in lots of payments because it's absolutely anonymous. Also, it's easy to exchange it for real money. Look here https://coinsbank.com/exchange for the cryptocurrency rates to understand more about it.