Bitcoin Forum

I wonder what the biggest problems of newbies are to understand Bitcoin.

Who is Satoshi Nakamoto?

How a Tx signed by a private key is verified by nodes that does not know the private key ?

I think if you are new the first question you can think is what is bitcoin and how to earn it.. just like other newbie here asking how to earn bitcoins and how bitcoin works.. and i just learn first outside in this forum before i came here in our forum to learn more about bitcoin and asking too how to earn bitcoin..

He was the creator of Bitcoin, he disappeared a couple years ago with a fat bitcoin wallet :)

The biggest problems I see from new people every day deal with confusion on wallets.  People constantly want to sign up for bitcoin for some reason. They don't understand that you just get a wallet and some bitcoin and use it.  They think it's like a credit card where you need to sign up with the "bitcoin company" to use it. 

Next biggest issue is of course how and where to buy.

It is called public key cryptography (see https://en.wikipedia.org/wiki/Public-key_cryptography). The public key is included in the transaction and this can then be used to verify the signatures. Specifically Bitcoin uses the Elliptic Curve Digital Signature Algorithm (see https://en.wikipedia.org/wiki/Elliptic_Curve_Digital_Signature_Algorithm).

Take a little tour through all Beginners & Help pages and you will get a clue  ;)

Mostly the questions are "How to earn Bitcoin?" and "How to sign a message?".

Surprisingly for me, the "how can I mine Bitcoin with my computer/laptop" still comes out a lot.

Why bitcoin is called bitcoin, what are the meanings of bitcoin, why bitcoin is irreversible. I have seen most of these questions asked by beginners which require quite a good time to answer.

my dilemma is that when will the bitcoin price go up to 1000$ because if you look at the charts it should have already happened a few months ago!

I also heard it is in the summer that it would go up so i am just storing my bitcoin hoping to be precise when the inflation comes. So let us be patient for the mean time and wait for the price to go up.

And can what other sites can i get faucets? Its tiring to wait an hour to each faucet sites.

Yes but it has slowed down quite a bit.  Used to get several a day on Slush's IRC now it's one every couple of days thankfully.  Also how can I mine with my phone is a good one too.

Why does some faucets are spam ... Why they didn't give my Satoshi back. :-\

I think when I started Bitcoin, my main question was if it was real money or if I could buy really things with it. That was my only question. From there, I just did my own research so everything else kind of just went into place, you know?

my main question is how can i increase my bitcoin,what is block how it affect into daily transaction of bitcoin. why always videocard is using while mining this bitcoin.there so many why.

they get bigger profit than you,they put o many ads on their blog,and when you have register long time,its time to blog owner to disappear and bring your satoshi with laugh. dont use untrusted faucet,they are not will give you satoshi,they just need active blog visitor like you.

the first time, I did not need to ask if this is real money. because the first time I was interested because I have seen a very high value.
but like most people. I asked about how to get bitcoin and finally I know about the signature campaign, that is the best way in this forum.

The short answer is: because it is much more efficient to use GPU over CPU.

A CPU core can execute 4 32-bit instructions per clock (using a 128-bit SSE instruction) or 8 via AVX (256-Bit), whereas a GPU like the Radeon HD 5970 can execute 3200 32-bit instructions per clock (using its 3200 ALUs or shaders). This is a difference of 800 (or 400 in case of AVX) times more instructions per clock. As of 2011, the fastest CPUs have up to 6, 8, or 12 cores and a somewhat higher frequency clock (2000-3000 MHz vs. 725 MHz for the Radeon HD 5970), but one HD5970 is still more than five times faster than four 12-core CPUs at 2.3GHz (which would also set you back about $4700 rather than $350 for the HD5970).

See more at: https://en.bitcoin.it/wiki/Why_a_GPU_mines_faster_than_a_CPU (https://en.bitcoin.it/wiki/Why_a_GPU_mines_faster_than_a_CPU)

My main question is what unforeseeable factors can affect the Bitcoin value? I have researched a bit but don't fully understand what causes or determines the fluctuations. It seems to be like forex exchange ie. global trade, stock markets, etc (even by events like the FBI clamping down on The Silk Rd). I know that the all-time high was hit on 17 November 2013 at US$1216.

Yeah, would be good to know what causes UPs and DOWNs on this currency. Is way too random.

yeah, there are so many threads asking about how to earn bitcoin here. it's normal, I also asked that when I first time know bitcoin.
but I think it's better to read thread here to start knowing bitcoin.

yep i am curious too, yes he wants to stay private, but it would be good if he would come out and show himself.

maybe good for you but nor him, with all the bitcoin that he have, he would put his life at dangerous for sure

also he would centralized bitcoin even more, many people already think him as a ceo of bitcoin or something

I just heard and read the word bitcoin halving. What is it? Is it true that miners will have the bad affected ones?

How much time do I have to make a stash of BTC before its price gets out of reach?

According to rumors, once mining Bitcoins will cost half as much, and the cost will be higher, maybe even twice.

"Will The Bitcoin Price Ever Go Back Up to >$1000?" Read more at: http://cryptorials.io/will-the-bitcoin-price-ever-go-back-up-to-1000/

thank you for this link and answer it is more clear to me now what does bitcoin halving have to do

I just wanna make a living.

This is a speculative market, so not possible anyone could predict and it gets true, maybe some day it will reach that price for sure when people won't be able to afford even 0.1, but don't worry, it will take a lot of time before that could actually happen...

I just wanna know if the price will stop dropping because it's always dropping and it's annoying as hell.

No the bitcoin price always changes since its a virtual currency. though its currently relatively stable around the 415-450$ area.

I wouldn't consider myself 100% new, but I also wouldn't consider myself 100% old to it. My biggest question with Bitcoin is why can't we just find a way to make it look more respectable and trustworthy?

when a BTC will be worth 1 millon $?

for me biggest problem was the panic when I send bitcoins and there is no way to get them back and you are not sure if the other person received them it is all very nerve wracking actually.

I cannt really get whether you are asking seriously or make your a#% laught of people who are newbies and really asks if the price is willing to go up or decrease.

No, it's okay to ask those questions. They're legitimate. Honestly, by the rater we're going I've already calculated that we'd reach that amount in the year 3010.

What are the chances that transaction fee will be increased this year, if they will be increased how much will be the max?

I think they are already increased and the current miner fee is 0.0002 if I am not wrong...
Please correct me if I am... :)

It's  bit+coin, meaning that its internetcoin , a coin that is digital.

I believe its a good name for it

if you mean panic when you send bitcoin to wrong address because bitcoin are irreversible then yes it was problem for several newbies, that's why people must know the power of irreversible transactions , they need to double check everything is okay to go to avoid something like sending wrong aount or wrong address.