Bitcoin


Bitcoin is the first successful internet money based on peer-to-peer technology; whereby no central bank or authority is involved in the transaction and production of the Bitcoin currency. It was created by an anonymous individual/group under the name, Satoshi Nakamoto. The source code is available publicly as an open source project, anybody can look at it and be part of the developmental process. Bitcoin is changing the way we see money as we speak. The idea was to produce a means of exchange, independent of any central authority, that could be transferred electronically in a secure, verifiable and immutable way. It is a decentralized peer-to-peer internet currency making mobile payment easy, very low transaction fees, protects your identity, and it works anywhere all the time with no central authority and banks. Bitcoin is designed to have only 21 million BTC ever created, thus making it a deflationary currency. Bitcoin uses the SHA-256 hashing algorithm with an average transaction confirmation time of 10 minutes. Miners today are mining Bitcoin using ASIC chip dedicated to only mining Bitcoin, and the hash rate has shot up to peta hashes. Being the first successful online cryptography currency, Bitcoin has inspired other alternative currencies such as Litecoin, Peercoin, Primecoin, and so on. The cryptocurrency then took off with the innovation of the turing-complete smart contract by Ethereum which led to the development of other amazing projects such as EOS, Tron, and even crypto-collectibles such as CryptoKitties.

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More / Bitcoin Reddit - 5 hours ago

Best exchange to buy Bitcoin in US

I am buying a decent amount, and I won’t be holding it on the exchange so I’m not looking for that. I used to use Coinbase Pro but, ya know. Anyway, I’ve used River but I wasn’t a huge fan. Looking for other ‘safe’ options. Any opinions welcome, TIA....

More / Bitcoin Reddit - 5 hours ago

Any easy ways to time lock Bitcoin?

I wanted to try out time locking Bitcoin, but it looks like it can only be done with scripting. Are there any GUI clients like Electrum that allow time locking of Bitcoin transactions? Wanted to try out delaying or locking a transaction for, say, 100...

More / Bitcoin Reddit - 6 hours ago

Michael Saylor says: Sam used stolen & counterfeit money to corrupt the establishment & undermine #bitcoin. This is just the tip of the iceberg. How many other journalists, academics, money managers, politicians, charities, influencers, & lobbyists did he

https://www.axios.com/2022/12/09/bankman-fried-funded-crypto-news-site-block?utm_source=twitter&utm_campaign=editorial&utm_medium=social Michael Saylor says: Sam used stolen & counterfeit money to corrupt the establishment & und...

More / Bitcoin Reddit - 6 hours ago

Michael Saylor says: Sam used stolen & counterfeit money to corrupt the establishment & undermine #bitcoin. This is just the tip of the iceberg. How many other journalists, academics, money managers, politicians, charities, influencers, & lobbyists did he

https://www.axios.com/2022/12/09/bankman-fried-funded-crypto-news-site-block?utm_source=twitter&utm_campaign=editorial&utm_medium=social Michael Saylor says: Sam used stolen & counterfeit money to corrupt the establishment & und...

More / Bitcoin Reddit - 8 hours ago

Bitcoin ATM in London, UK

I read that BTC ATMs are illegal in the UK since March of this year, but I still see some on some online locators. Are those still functioning and reliable? submitted by /u/knife3 [link] [comments]

More / Bitcoin Reddit - 9 hours ago

Bullish on Bitcoin

Was, is, always will be. Every time I check the subscribers on this sub, it's rising, to the moon. The only indicator that matters. (Not a financial advice, although...) submitted by /u/FunkyMuse [link] [comments]