What Is Bitcoin, and How Does it Work?

Bitcoin - The Currency of the Internet

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.
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New to Bitcoin? Confused? Need help? You've come to the right place.

Bitcoin is an internet based decentralised currency. Similarly to Bittorrent, but Bitcoin uses a public ledger called the blockchain to record who has sent and received money. It's very new, and for many very confusing. BitcoinHelp aims to rectify this. Whether it be explaining how it works, how to use it, how to buy Bitcoins, how to integrate Bitcoins into your business. Sharing your successes as well as failures in order to help others is also gladly received. Ask away!
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popcoin: Bitcoin drama

this subreddit is closed. if you would like to moderate the subreddit, please [message the moderators](/message/compose?to=/popcoin).
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Bitcoin Explanation

Bitcoin Explanation submitted by GVof_theVG to iamveryrandom [link] [comments]

Having a Pre-Signed Sweep Transaction has greatly increased my peace of mind hodling bitcoin. Explanation 👇🏽

Having a Pre-Signed Sweep Transaction has greatly increased my peace of mind hodling bitcoin. Explanation 👇🏽 submitted by victhroway1234532 to Bitcoin [link] [comments]

We are forcing bitcoin explanation, bitcoin (and other coins) should explain themselves.

Yesterday i was thinking of that bitcoin meeting at a bar a few months ago, when i thought... what would happen if SWIFT was invented yesterday? and i go and try to convince and explain everybody that with a card with a magnetic band you can pay at any store in the world that will automatically take money from your bank account. After that i realized that i dont know enyone who can explain me how ther credit/debit card works, because they just use it and understand what they need. We are explaining bitcoin in very low levels to the common people, and that is why a lot of people dont want to use it. When bitcoin is avaiable as a payment option on many places then the common people will just use it without probably understand its decentralization, and all the tech inside bitcoin. But i think that trying to explain bitcoin so it gets more spread is like trying to explain SWIFT so more people uses credit/debit cards.
submitted by blisterox to Bitcoin [link] [comments]

Striking similarity between Ellen DeGeneres' 2018 "Bitcoin Explanation" and 1994 Today's Show "What is the Internet, Anyway?"

Do you not see the repetition of history here?
2018: Ellen DeGeneres: If you want to know what bitcoin is, I learned about it. A bit. https://www.youtube.com/watch?v=LS2BMxeHsv8
VS.
1994: The Today Show: "What is the Internet, Anyway?" https://www.youtube.com/watch?v=UlJku_CSyNg
submitted by puttersworth to Bitcoin [link] [comments]

The effects of Censorship and Propaganda upon Bitcoin (Explanation by Roger Ver (me))

The effects of Censorship and Propaganda upon Bitcoin (Explanation by Roger Ver (me)) submitted by MemoryDealers to btc [link] [comments]

Bitcoin explanation by Arthur B

Bitcoin explanation by Arthur B submitted by shaikhnasir to tezos [link] [comments]

ETN is more expensive than Bitcoin (explanation)

I've seen a couple posts and videos about how Bitcoin is actually less expensive than ETN, so I thought I'd condense them into a simple post.
submitted by EpicGamer_Style to Electroneum [link] [comments]

"Not your keys, not your Bitcoin" explanation

I know this sub is experiencing a lot of new users (welcome all by the way) thanks to the recent price spike, but much of what is said makes absolutely no sense to someone who is just learning what Bitcoin is. Hopefully I can clear up this saying
When you "own Bitcoin" there isn't some folder on your PC that is worth a Bitcoin. When you create a wallet, whether it be desktop or mobile, the wallet is creating a pair of "keys," one public and one private.
Your public key is that long string of nonsense numbers and letters that acts as your "Bitcoin address." The private key is another file that allows you to prove that you have control over that address, and that you have the right to spend the coins associated with it
For anyone who is new and has more questions about common conversation that's flying way over your head, leave a comment and I'll do my best to explain!
submitted by hrones to Bitcoin [link] [comments]

Get It Finally – Bitcoin Explanation

Get It Finally – Bitcoin Explanation submitted by Roy1984 to Bitcoin [link] [comments]

Get It Finally – Bitcoin Explanation

Get It Finally – Bitcoin Explanation submitted by Roy1984 to CryptoCurrency [link] [comments]

Saved 15 minutes near the end of my speech here for Bitcoin explanation, and, after, gave away BTC to anyone who wanted to own for first time. 25 takers.

Saved 15 minutes near the end of my speech here for Bitcoin explanation, and, after, gave away BTC to anyone who wanted to own for first time. 25 takers. submitted by jatucker to Bitcoin [link] [comments]

Get It Finally – Bitcoin Explanation

Get It Finally – Bitcoin Explanation submitted by Roy1984 to Bitcoin [link] [comments]

Get It Finally – Bitcoin Explanation

Get It Finally – Bitcoin Explanation submitted by Roy1984 to CryptoCurrency [link] [comments]

Get It Finally Bitcoin Explanation

Get It Finally Bitcoin Explanation submitted by ABitcoinAllBot to BitcoinAll [link] [comments]

Bitcoin explanation for older people

My mum and her boyfriend want to learn about bitcoin. Can you explain it to them in simple terms. I have struggled for a while now
submitted by its_a_me_luke to Bitcoin [link] [comments]

Get It Finally – Bitcoin Explanation

Get It Finally – Bitcoin Explanation submitted by Roy1984 to TechnologyInovation [link] [comments]

New YouTube video: Lightning Network Bitcoin Explanation

New YouTube video: Lightning Network Bitcoin Explanation submitted by reputaction to reputaction [link] [comments]

The effects of Censorship and Propaganda upon Bitcoin (Explanation by Roger Ver (me))

The effects of Censorship and Propaganda upon Bitcoin (Explanation by Roger Ver (me)) submitted by HiIAMCaptainObvious to BitcoinAll [link] [comments]

Striking similarity between Ellen DeGeneres' 2018 "Bitcoin Explanation" and 1994 Today's Show "What is the Internet, Anyway?" /r/Bitcoin

Striking similarity between Ellen DeGeneres' 2018 submitted by HiIAMCaptainObvious to BitcoinAll [link] [comments]

Simple Bitcoin Explanation - The Most Undervalued Asset In Human History

Simple Bitcoin Explanation - The Most Undervalued Asset In Human History submitted by gjsteele71 to Crypto_Currency_News [link] [comments]

[uncensored-r/Bitcoin] Striking similarity between Ellen DeGeneres' 2018 "Bitcoin Explanation" and 1994 Today's Show "Wh...

The following post by puttersworth is being replicated because some comments within the post(but not the post itself) have been silently removed.
The original post can be found(in censored form) at this link:
np.reddit.com/ Bitcoin/comments/7xzwtn
The original post's content was as follows:
Do you not see the repetition of history here?
2018: Ellen DeGeneres: If you want to know what bitcoin is, I learned about it. A bit. https://www.youtube.com/watch?v=LS2BMxeHsv8
VS.
1994: The Today Show: "What is the Internet, Anyway?" https://www.youtube.com/watch?v=UlJku_CSyNg
submitted by censorship_notifier to noncensored_bitcoin [link] [comments]

Your favorite Bitcoin explanation (preferably video)

Hi all,
I wanted to ask for myself (and perhaps for the the community also) if you could share your favorite explanation or introduction to Bitcoin preferably in a video that I (or we) could copy-pasta to those that may be interested in learning more about Bitcoins.
I'm hoping there would be different videos that explains it from financial stand-point, regulation stand-point, and technology stand-point. More variety the better.
Thanks
submitted by good_human to Bitcoin [link] [comments]

Bitcoin Halving 2020: History & Price Prediction (A Simple ... What is Bitcoin? (v1) - YouTube BITCOIN EXPLAINED (BC Explained ep 1) - YouTube How Bitcoin Works in 5 Minutes (Technical) - YouTube Bitcoin: How Cryptocurrencies Work - YouTube

Bitcoin has made Satoshi Nakamoto a billionaire many times over, at least on paper. It's minted plenty of millionaires among the technological pioneers, investors and early bitcoin miners. Bitcoin: A Simple Explanation Bitcoin is a new kind of digital currency that, unlike other forms of payment, is designed for a world in which we are all digitally connected. Other forms of payment, like cash and credit cards, have their place, and probably won’t be going anywhere soon, but they aren’t really suited to the way we are going ... What is a bitcoin? Bitcoin is a digital currency (also called crypto-currency) that is not backed by any country's central bank or government. This form of payment first came into use in 2009 and has been growing in popularity due to its ease of international use. The 150 billion dollar Two ways to store your wallet: the left image is of the Ledger Nano S hardware wallet and the right shows a template generated through bitcoinpaperwallet.com that you can print out and store in a physical location. How Bitcoin Transactions Work. As I mentioned earlier, the biggest problem Bitcoin solves is the ability to prevent double spending without relying on a central authority. This is a question often surrounded by confusion, so here's a quick explanation! The basics for a new user. As a new user, you can get started with Bitcoin without understanding the technical details. Once you've installed a Bitcoin wallet on your computer or mobile phone, it will generate your first Bitcoin address and you can create more ...

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Bitcoin Halving 2020: History & Price Prediction (A Simple ...

Bitcoin has been all over the news in recent days, reaching all-time highs then dropping thousands in minutes. So what is the hype all about? Learn about Bitcoin with the most watched Bitcoin video. More information: Start Guide - https://www.weusecoins.com Mining Guide - https://www.bitcoinmining.... A somewhat technical explanation of how Bitcoin works. Want more? Check out my new in-depth course on the latest in Bitcoin, Blockchain, and a survey of the ... Whether or not it's worth investing in, the math behind Bitcoin is an elegant solution to some complex problems. Hosted by: Michael Aranda Special Thanks: Da... Baffled by bitcoin? Confused by the concept of crypto-currencies? Well, fear no more. In 190 seconds we explain what bitcoin actually is, where the idea came...

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