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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Prevent Shorting Bitcoin - Withdraw from 3rd-Party Custody / avoid earning APY

"I'm mad as hell, and I'm not gonna take this anymore!" That's how I'm feeling about the fuckery going on right now with Bitcoin price manipulation, and I no longer want to contribute to it... I'm withdrawing all of my c...

Bitcoin price must now hold this key level to regain $40K

Will $37,000 hold for more upside in the near term for Bitcoin? Bitcoin (BTC) prices pulled back on May 25, wiping a small portion of the gains it had made during the...

The Level Bitcoin Bulls Must Reclaim To Defend The Worst Monthly Selloff Ever

Bitcoin price collapsed by more than 50% from its recent highs set only one month ago. The sharp decline now represents that largest drop in the history of the cryptocurrency &- but there’s still several days left for the monthly candle to...

The world’s best chess players are competing for bitcoin.

submitted by /u/Georgelynch1986 [link] [comments]

Crypto Proponents Become Skeptical of Closed-Door Meeting Between Billionaires and Bitcoin Miners

submitted by /u/jamieBitcoinDotCom [link] [comments]

The energy narrative is looking more and more like a power play against Bitcoin

Imagine if someone measured the amount of energy everyone on the planet used to surf reddit then equated that with the amount of pollution generated by energy companies in order to service that habit; then decided that it's the users of reddit wh...

If you’re in bitcoin for gainz alone; you’re here for the wrong reasons. You’ll have better luck daytrading shitcoins on margin. bitcoin is the separation of money and state. It liberates us plebeians from the clutches of the tyrannical monotheistic syste

Think I’m insane? Read this article in its entirety and come back and tell me you feel the same. https://www.swanbitcoin.com/bitcoin-perfect-money-for-humanity-nozomi-hayase/ submitted by /u/M1zuo [link] [comments]