Who Uses Bitcoin? – Who Uses this Popular Cryptocurrency ...

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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Bitcoin - The Internet of Money

/btc was created to foster and support free and open Bitcoin discussion about cryptocurrency, Bitcoin news, and exclusive AMA (Ask Me Anything) interviews from top Bitcoin and cryptocurrency leaders. Bitcoin is the currency of the Internet. A distributed, worldwide, decentralized digital money. Unlike traditional currencies such as dollars, bitcoins are issued and managed without the need for any central authority whatsoever. Learn more about Bitcoin, Bitcoin Cash, cryptocurrency, and more.
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World News

A place for major news from around the world, excluding US-internal news.
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Bitcoin Use By Small Businesses Surges in Africa

Bitcoin Use By Small Businesses Surges in Africa submitted by FloridaBitcoiner to Bitcoin [link] [comments]

Why does Bitcoin use math and not something else to conduct transactions?

This is a purely theoretical question about the design of the technology (disclaimer: I do not know much about tech/engineering or anything). Why is math used to validate transactions on the network? What is the significance of the math itself? Is it just the case that math problems have universal answers and are solved in the same language worldwide (opposed to other languages like English, German, etc that not everyone speaks) and as such math makes for a good code? (If so, couldn't the designers of Bitcoin have made this code something else like problems of formal logic instead of math?) Or, is it the case that math actually does some specific function that only math can do?
TLDR: is the math used to validated transactions: because (a) it is an arbitrary phenomenon that logistically works or (b) because the specific equations actually do something or (c) something else?
submitted by treboy123 to BitcoinBeginners [link] [comments]

Bitcoin Use By Small Businesses Surges in Africa

Bitcoin Use By Small Businesses Surges in Africa submitted by nanooverbtc to CryptoCurrency [link] [comments]

Cost Effective Bitcoin Use: hardware wallet & own node

Cost Effective Bitcoin Use: hardware wallet & own node submitted by stephanlivera to Bitcoin [link] [comments]

Serious question about bitcoin use in 30 years - If bitcoin stabilizes and becomes a deflationary currency, what will incentivize you to ever lend your bitcoin to a new small business owner?

If the rate of deflation is such that the value of your bitcoin increases a certain percent every year, let's say 15%, why would you ever bother lending bitcoin to new small business owners?
I'm curious how the economic system would work in this situation. What would it actually look like?
Is this just a case of higher interest rates for lending out bitcoin?
For example. If you can get 15% through deflation without lending your money, then you would need to lend out at a high enough interest rate so that your return would exceed the automatic deflationary increase of 15%?
Is that the basics of it? So the interest rate of borrowing bitcoin would effectively always be related to the deflation of bitcoin and the inflation from new supply. Whatever that balances out to? (Assuming overall demand has somewhat stabilized through the economy by then so you don't get huge price swings.)
submitted by bearCatBird to Bitcoin [link] [comments]

Stop Using Weak Money Like U.S. Dollar for Pricing Bitcoin, Use Gold Instead for More Accuracy

Stop Using Weak Money Like U.S. Dollar for Pricing Bitcoin, Use Gold Instead for More Accuracy submitted by sylsau to Bitcoin [link] [comments]

Pi is a cryptocurrency created by Stanford PhDs to make crypto mining accessible to everyone and also easy to do so. It might be used for buying goods and services in the future, like Bitcoin. use my referral to receive 1 free Pi: minepi.com/NELSONTHAI

submitted by Nos1ter to CryptoCurrencyTrading [link] [comments]

Pi is a cryptocurrency created by Stanford PhDs to make crypto mining accessible to everyone and also easy to do so. It might be used for buying goods and services in the future, like Bitcoin. use my referral to receive 1 free Pi: minepi.com/NELSONTHAI

submitted by Nos1ter to Crypto_General [link] [comments]

Pi is a cryptocurrency created by Stanford PhDs to make crypto mining accessible to everyone and also easy to do so. It might be used for buying goods and services in the future, like Bitcoin. use my referral to receive 1 free Pi: minepi.com/NELSONTHAI

submitted by Nos1ter to BytecoinBCN [link] [comments]

Pi is a cryptocurrency created by Stanford PhDs to make crypto mining accessible to everyone and also easy to do so. It might be used for buying goods and services in the future, like Bitcoin. use my referral to receive 1 free Pi: minepi.com/NELSONTHAI

submitted by Nos1ter to CryptocurrencyICO [link] [comments]

Pi is a cryptocurrency created by Stanford PhDs to make crypto mining accessible to everyone and also easy to do so. It might be used for buying goods and services in the future, like Bitcoin. use my referral to receive 1 free Pi: minepi.com/NELSONTHAI

submitted by Nos1ter to CryptoAirdrop [link] [comments]

Bitcoin use rise in Egypt amid economic recession

Bitcoin use rise in Egypt amid economic recession submitted by bitdex to Crypto_Currency_News [link] [comments]

Bitcoin use rise in Egypt amid economic recession

Bitcoin use rise in Egypt amid economic recession submitted by none7987 to Bitcointe [link] [comments]

Bitcoin use rise in Egypt amid economic recession

Bitcoin use rise in Egypt amid economic recession submitted by a36 to AllThingsCrypto [link] [comments]

Bitcoin use rise in Egypt amid economic recession

This post was originally published on this siteThis post was originally published on this site As the COVID-19 pandemic pushed the Egyptian economy into recession and deepening unemployment, more and more Egyptians see the benefits of trading and mining Bitcoin as an alternative source of income. According to Al-Monitor, many Egyptians, particularly young people, are interested in cryptocurrencies. Wael al-Nahhas, an economist […]
submitted by FuzzyOneAdmin to fuzzyone [link] [comments]

Bitcoin use rise in Egypt amid economic recession

submitted by InTheKnow_2016 to mrcryptolive [link] [comments]

Bitcoin use rise in Egypt amid economic recession (x-post from /r/Cryptocurrency)

Bitcoin use rise in Egypt amid economic recession (x-post from /Cryptocurrency) submitted by ASICmachine to CryptoCurrencyClassic [link] [comments]

Bitcoin use rise in Egypt amid economic recession

Bitcoin use rise in Egypt amid economic recession submitted by raaner12 to Altcoinss [link] [comments]

Bitcoin use rise in Egypt amid economic recession

Bitcoin use rise in Egypt amid economic recession submitted by cryptoallbot to cryptoall [link] [comments]

Fiat is Trash: A Simple Way to Understand Bitcoin's Use Case

I used to hear Bitcoiners say Fiat is trash. I just got the chance to experience it first hand.

Before COVID
NGN370 = $1
Today's Rate
NGN470 = $1
Many became poor right in front of their eyes, and without even knowing it.
Bitcoin is an excellent hedge against currency devaluation such as the one that has rocked Nigeria since the COVID-craze started.
That is the use case!
submitted by wmredditor to CryptoCurrency [link] [comments]

Cost Effective Bitcoin Use: hardware wallet & own node (x-post from /r/Bitcoin)

Cost Effective Bitcoin Use: hardware wallet & own node (x-post from /Bitcoin) submitted by ASICmachine to CryptoCurrencyClassic [link] [comments]

is it possible to buy bitcoin using my chase bank account only on cashapp?

is it possible to buy bitcoin using my chase bank account only on cashapp?
submitted by I-AmNot-Black-IAm-OJ to CashApp [link] [comments]

How Does Bitcoin Work? - YouTube How to buy Bitcoin for Beginners - YouTube Bitcoin Real Use-Cases How to Use Bitcoin ATM Genesis - YouTube How to Start Using Bitcoin in Five Easy Steps - YouTube

During the last month since the fall of Empire Market, darknet market (DNM) patrons have been migrating to alternative markets. Meanwhile, global law enforcement recently arrested 179 individuals ... Who Uses Bitcoin – An Assessment. Large companies have been using Bitcoin for a while, including pioneers like Dell, Expedia and Microsoft. They introduced Bitcoin as an accepted payment option years ago. In addition, some shops in Europe have approved Bitcoin as a means of payment. Many outlets popular with young individuals in large cities are particularly positive toward the currency. In ... The bitcoin system, along with all of the alt-coin cryptocurrencies that operate on it, uses a form of technology called a blockchain. This technology uses complex algorithms to verify each transaction, and also creates an ongoing ledger of every transaction that has ever occurred in chronological order. This means that there is no need for a middleman to verify or vouch for transactions, and ... Bitcoin – Introduction, Uses And Buying Tips! Internet Tips. By Jaspal Singh Last updated Oct 20, 2020. bitcoin cryptocurrency. Bitcoin is the most famous digital currency used by countless individuals, business owners and merchants. Most people still don’t know anything about bitcoin. If you are also one of them, then you need to understand everything about this cryptocurrency to start ... Bitcoin uses the SHA-256 hashing algorithm, which involves calculations that can be greatly accelerated in parallel processing. It is this characteristic that has given rise to the intense race in ...

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How Does Bitcoin Work? - YouTube

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