Bitcoin Forum

People love to download everything from Internet, download videos, download audio, download photos, download texts, download digital contents, download softwares, download blah blah, and to download something, we must first have an internet capable PC, a modern router, and an ISP

What about download money? Can we really download money from the Internet? It sound crazy because money is something valuable unlike anything that could be download from the Internet. But what does mining sound like to me? It is just sound like download money from the... Internet? To download videos we need very fast internet, but to mine Bitcoin we also need very fast, of course a powerful miner, that's crazy when download money is possible, we are just creating something impossible, because no one can believe that money can be downloaded just like Internet, can you really believe that?

What even more crazy are decade ago, everyone is dreaming of having their own free nation, to be completely escape from a usually monarchy gov system, with the introduction of Bitcoin, we're one big step closer to that goal, it's no longer a dream, but a reality that waiting to happen.

I do not understand the technical aspects So if I'm wrong, people will correct me. People download the wallets, they do not download bitcoin. People mining bitcoin, they do not download bitcoin.

https://www.bitcoinmining.com

I believe that there is a great difference between bitcoin and download music, video, photos from the internet

What do you mean to make this topic ??
sounds funny when you say that money can be downloaded.
actually, the definition of mining is different from the download. mining requires special tools while downloading only requires an internet connection and a computer or mobile phone.
let's discuss ...

Hahahahahahaha.... how can you describe Bitcoin as downloading money into your pc. I think you should spend some time to study and research on what bitcoin is and how it operates. Bitcoin is just a digital representation or form of money. The wallets used to either receive or send Bitcoin operate similar like a bank account but has no limit to the amount of funds you send or receive. 

It's obvious this topic op are so very complicated nithing easy money to get we need to give effort and hard work before we get money.




Yes I agree with you sir there are big difference between bitcoin mining and music or vidoe downloding to get money through internet.

Mining is quite different from video downloads and the like
It's a complicated process that needs to solve highly complex algorithms
In return, the miners get paid for their work.

I think he's not talking about bitcoin he may be talking about a grincoin which you can send and receive grincoin through a file-based transaction.
So maybe this is one he is looking for where he can download the money as a file-based transaction.

If I'm right you can go to their official thread from here https://bitcointalk.org/index.php?topic=5090427.140

In what aspect he have made the description, I'm not sure about it. Earlier during the initial days even the desktops mined bitcoin. This took place as the difficulty is very less and there isn't much popularity regarding the same. Now it isn't possible any more. Now large scale computing power, electricity and various factors need to be considered while getting into mining, simply download won't pour money into the computer.

I get a little missing of things here. How do you mean money is downloaded or bitcoin downloaded as money to pc? What I can only understand or deduce from your topic is whether bitcoin is good as money or capable to become huge money when sold or converted. I'm confused somehow with your topic.

Yes, I think when money is downloadable, it absolutely sound amazing, no one can believe money can be downloaded, but think about all the altcoin, the airdrop, the soft, hard fork, the token swap, I do not know how could I describe them into mining, Bitcoin are the only one that's purely mining. But look at the technology about download, it is always changing, we used to download from Internet with just web browser, but look at what we have today, seedbox, cloud, many internet protocol, many download assists softwares, it's growing rapidly everyday, because downloading is never an easy task, and we need to constantly making it very easy.  We may not download Bitcoin, but we absolutely download the money with the use of Bitcoin, why it is possible to download money which is totally out of my mind, I couldn't connect all the dots together because it just happens. I'd rather take it for grant.



The first time I heard about mining, the first thing in my mind will be the pick axe used to mine metal, but mining Bitcoin isn't same as mining metal, it require a PC but not a pick axe, when I tell my friends it is a mining, they couldn't understand how to mine it. Well we definitely couldn't download Bitcoin, but we could be downloading money, with the help of Bitcoin and many other crypto, why it is possible is something out of this world, Bitcoin gave me a mind blown experience about money, I no longer look at money like I used to be before 2008, it changed my mindset a lot.

If this is what OP means that is an analogy regarding crypto related stuff that is must be downloaded on our PC or laptop just like a wallet. As I have understood of OP thought is why not we did not download that we can make money rather than we downloaded those stuff that we won't earn. Well, every one of us has like and dislike, if you are a fan on music and something that can entertain you, of course, you've to choose music and video that makes you entertained well.

Well, not bad if you have to choose to download something profitable or having mining on your PC, or wallet where you can receive Bitcoin on other cryptos that make you money. That's what OP called Bitcoin downloading money into your PC.

Yes, Bitcoin definitely highly regard as be your own bank, and I agree with the idea too, rather give your money in custody to the bank, we could be our own, but how to be your own bank? It is not easy, with the Bitcoin we can be own bank, not only we can be own bank, we can also ... Download money? And who are the money upload the money so everyone else can download? That's really exciting to discover the answer myself.





It is true for me to think about money too, we need hard work and also the pay are highly disparity to the effort you work, don't get me wrong I'm a huge advocate to working hard for a life, but the thing we have today, people are printing money rather than work for it, it make me very angry and frustrated at the sametime, and we are not allow to print money because it is illegal, but what if we could download money?

I'm totally agree with it, downloaded data aren't money, they are just data. And you may sell it for money, still they are not money.

This is a good marketing strategy and promotion of mining. Yes I agree that it is better than downloading other applications to your pc but you think this is practical if you only do mining? When you start to mine you need to open your pc and your internet connection 24/7. So the production cost will too high. A piece of advice you can do mining while you are doing other bitcoin activity like bounty and trading.

Bitcoin mining is a process that id totally different from downloading a file from the internet. It seems like you are confusing mining with downloading and you don't understand what mining is. Miners use a special software to solve math problems that allows them to chain together blocks of transactions.

It is more of like you are - if you really like the DOWNLOADING term - downloading the record of bitcoin if you are a miner and then STREAMING your data from the network if you are just a client. Big difference.

that is a horrible analogy mainly because it is misleading.

you don't download "bitcoin" (money) in your PC, you literary work for it to earn it. and not to mention even when you run a full node you are still not downloading "bitcoin", you are downloading the database (aka blockchain) which everyone else also has and that contains the record of your transactions. in other words your "money" is not even on your computer, it is in the blockchain shared by thousands of others. you only hold the "key" to "unlock" that "money" and spend it.

The title of this thread is attractive although it is misleading to most people who are in their beginning phase of learning about bitcoin. I think it is just another too high imagination of OP in hoping to see a way to earn money from the internet. Imagining money to be downloadable, indeed it is amazing but it wont never happen.

Probably what he meant is 'downloading money' into our bitcoin wallet.

Anyways, maybe the OP is just ecstatic to see the price of bitcoin going to $5k again and seeing his "downloaded money" growing in his desktop or laptop.  ;D

He also touch based on having freedom as well. Yes, it has given us financial freedom, but I don't think we can get away from governments though and I don't think that we can see a nation ditching their own fiat and adopt bitcoin. Crypto will still need to be regulated by any nations.

your right its verry attractive but its not misleading  . its true actually because op did mention the term mining and mining is basically simillar to downloading .  the only difference is that mining works pretty slow when compare to downloading but i think this issue can be fix in the future is inventors can create a super mining  hardware  .


its not imagination but its real and its now happening . we can use the internet to make money because there are now lots of jobs online that you can do aside from mining  .

The sentences that you give are confusing, I get your point that it is "like" downloading money if you are mining but its NOT.

Bitcoin is a type of digital currency that offers a decentralized system.

Mining isn't slow, even if there's a better mining hardware in the future it'll stay slow because the difficulty is increasing.

I kind of understand what OP is trying to say but downloading money with Bitcoin sounds wrong because in mining you don't need to have the fastest internet when competing against other miners. On one of OP's reply above he's referring to altcoins he should replace the title to cryptocurrency instead of Bitcoin.

it still doesn't make sense even for mining because when you mine you still aren't downloading anything! you are working (hence the name Proof of Work or PoW) and you are using your computing power to find a hash which is some cryptography math that you are solving and finding a solution to get a reward for that. there still is no "download" involved.

bitcoin is a currency that can be obtained with a variety of ways by online:). With the trade, following the campaign, investment, mining, etc.

OP thought is wrong. Downloading anything from internet and mining bitcoin can't be same. You are getting rewards from mining. Its can't be download. Perhaps you need download only wallet to receive rewards. Most likely OP want to compare mine with download. But you know for download anything from internet you need to spend too much internet, but for mining's you don't need to spend too much internet. So download and mining is totally different.

When you use online Banking, you only download a piece of software that gives you access to their database and then you can shift money around on their database. The same thing happens with Bitcoin, because you download some desktop wallet that gives you the capability to access a decentralized Blockchain that holds your coins.

Your private key, gives you the capability to interface with your coins and to shift those coins to other Bitcoin addresses. <Paying for services or giving coins to other people.>

The coins are not stored on your computer, the tokens stays on the Blockchain.  ;)

To ever own money you have to work for it or be gifted wit it, mining as you have said to be downloading money is not correct because the miner invest and work for the money they receive during mining, and the video, TeX and games and software you said have to be pay for with money. So I don't think there is downloadable money.

Bitcoin needs to be more user-friendly to become as popular as some of the programs or apps that people regularly download. Over time we will get there. The Lightning Network is what will take bitcoin to mass adoption.

With Bitcoin we have freedom, but not the complete freedom we are hoping we will experience.
Trading BTC or using it, we are still govern by the rules of the government, let's make it simple, the fact that we pay taxes, we still have no complete freedom.

I think he is mean that if someone sends some amount to his wallet in his PC, he is making money because now, he has those coins which he can sell to fiat ;D

We are confused with he said and I think he needs to explain more about his words so we can know what the truth is. But bitcoin is different than other things you download. It's not music, file, movie, or even malware ;D

Bitcoin is something that you can use to get money by converting it into your local fiat.

Literally If you see it that way you are correct but with the things you need to be able to get even a little amount of bitcoin I would't say it Downloading rather I would say investing in a very strange way, like for example you need some powerful equipment for mining and some other works to get a tiny amount of bitcoin. That just another way of investing not downloading though. remember "there is no Such thing such free Lunch".

That's correct it is solving a math, but I'm not sure I'm good enough to understand the technical aspect of the Bitcoin, the white paper are great, but I didn't fully understand it, I doubt anyone can read fully the idea behind the white paper


Yeah I would prefer streaming because it's broadcasting to a big group of miners, the difference is big, for the corporate mining farm, but for individual miner, it make very little sense.

I always try to choose the word carefully, for example I choose money, and I think download money is possible, it is true Bitcoin is a currency, but it isn't downloadable, or even designed to exceed 21m supply limit, so do you think money can be "downloaded" just like how the federal reserve fractioning one unit of USD into ten unit of USD, and what is the catch here, we can do it without the FED, by "download" the money instead. That's really interesting!


It was true money wasn't downloadable, because it is a piece of paper and distribute to the user, since money has became a fiat, basically a digital number on the screen, I don't know how to stop it from being download or being uploaded, I think it is possible, but it is all about how to download it, because it will not be an easy task to download money.

But downloading or mining Bitcoin is such a costly venture you can lose a lot, you cannot compare it to movies or music that you can download free and easy, you need good specs and of course, you will have to run it the whole day and night, so it's a vague comparison.

That is one of the worse analogies I have ever heard. Internet is free in most places, mining is not. And that's just looking at it from one angle. You also have to remember that the "bandwidth" of Bitcoin is its supply, which is limited. And to get new ones released into circulation you have to solve equations faster than others. And it doesn't matter how rich you are, you can't possible compete with the pools. More likely is, you will spend more money to "download money" and run at a loss.

He is comparing BTC mining to downloading of files on the internet. Yeah, he's saying they are related, in terms of using computers to get something. But I don't get his point, what is he really trying to tell us. There is no specific reason why he is comparing such. He just wants us to wonder and be amazed?But most of us are already amazed.

The topic is not making nay sense. You're downloading wallets not downloading money. The process of getting money online is the transferring of it. So, wallet are transferring btc to another wallet.

if course you can download money into your PC, but you need a high spec computer if you want to get a big money, its name is mining, you can try to mining bitcoin and mining cryptocurrency that you want, after that you can sell it in market and voila you can get the money (Download money from the internet)

I think you may right since mining can be compare as downloading money. You need a good internet connection for downloading same as you need for mining. But internet is not everything because you need power full pc too with some GPU.

It is different use if you have mining rigs and personal computer, of course, I won't do mining in my personal computer rather than I have to buy mining rigs which are the high spec for GPU and can able to mine bitcoin that OP was mean that downloading money. Bitcoin is easy to adopt if you have gadgets and internet then, you have to earn a possibly huge amount of money. I must prefer to download wallet into my personal computer just like electrum to received my money via bitcoin and convert into the fiat when it is needed. That's what the meaning of OP's analogy.

Meh this is the first time I'm hearing something like download Bitcoin or money from the internet. With my knowledge I just know that people can download various wallets to store in their bitcoins. Another thing which is slightly similar is Bitcoin mining.

Does this work like faucet or something like that. Reading the page, I kept being doubtful what this could be, that bitcoin is downloaded to PC, that will definitely be a miracle to happen.  ;D

mining btc with the pc is different to download movies and music and much more complex and difficult are needed very powerful computers dedicated graphics cards and there is always the risk of merging the pc and we have to deal with the cost of electricity i think today only a few still succeed withs this(mining), but the idea itself is fantastic to produce from nothing or almost something of value(btc/altcoins)...

It seems to me that this is all our future. In order to download Bitcoin on our campaigns, they need to be very powerful. And now not everyone can afford it.

I get your point that everything nowadays is digitalized .
But OP crypto or Bitcoin isn't something you download it is mined or earned through the internet.
We don't download Bitcoin into our PC we download Bitcoin wallets to keep it on track on our PC .
Bitcoin wallet and Bitcoin is two different things it is like you are telling that wallet and money are the same.

In fact, even before knowing the world of cryptocurrencies, as soon as I had access to the Internet in my city, I realized that "downloading" money from the Internet was really possible, practically creating money from thin air!

Although my beginnings were from another field, I was fortunate to get many free bonuses to invest in Forex and in that way I could obtain important benefits over the years without investing a single buck, receiving the money directly to my bank account with a couple of clicks.

 Now that I have been involved in the issue of cryptos, I have realized that the profit potential is now much greater than then, so I agree that bitcoin is also a way to download money into your PC.

There are earning sites that let you earn a few cents by downloading apps, clicking or watching ads. But that is way different from how bitcoin functions. I hope OP understand Bitcoin as technology and bitcoin as a currency.

We don't download bitcoin. We may down the App. But every one has a participation that grants them each bitcoin they acquire. Bitcoin wallet may be downloaded too. Even the bank keep their account record on the system and that doesn't mean the money was downloaded. Well, you may download yours as an example.

If we take it literally it is something getting a load of money and place it in your computer but the real thing here is money needs to be earned and you can do it in many ways.

Yeah this is truth. This thread got a decent amount of clueless answers.

Blockchain technology can be downloaded and used and also more features created, this is done mostly by developers but Bitcoin is decentralized. So you cannot have it all. People with a lot of money or resources can't, even more us.

Earning money needed time, effort and also hardwork thats the first thing you need in yourself for you to cope up in these ways in earning money in btc. Just like joining in bounty campaigns, doing trading, mining and the best here is hodling,  for me I experienced alotting time and effort in gaming (https://vegascasino.io/casino/video-slots/crazy-bananas?utm_source=cccb) it entertains me and also the best thing here is I earned.

Well every time I log onto my PC I consider it a real miracle and the biggest life-changing thing that ever happened to me was the Internet, then the 2nd greatest thing was the Blockchain. I am fifty-three years old and have seen a few technological advances in my time, but nothing as great as these two so far. Soon AI also will bring huge changes in our lives, but it's true, owning Bitcoin now is a bit like downloading money from our computer because I can sit at home or be on my mobile phone and have access to Bitcoin and other Digital Currencies. We really need to appreciate this more and more and give it the true value it deserves.

if money can be downloaded, many people will do it, then there will be hyper inflation, and money is no longer valuable

Absolutely, downloading is only one way to access their bitcoin through a bitcoin wallet. If all can be downloaded including bitcoin, people are already rich, even mining is not as easy as downloading software from the internet.
Bitcoin is indeed decentralized, and we are given the freedom to transact without government interference. But you need to know, actually the government also oversees bitcoin through banks as we all know that there are many issues about banks and bitcoin

I understand the intention but the analogy is flawed. The bitcoins live in the blockchain, it would be more correct to say, "the cloud". Wallets are, not really wallets, they never hold money. What they hold is keys that let you in control of such money. Therefore a wallet is like a terminal for a remote computer. When you get bitcoin, you are simply given control of them.

Because of this, losing the wallet never loses the money, it only loses the keys that let you control it. So if you have "backup keys", you can still control them using a brand new wallet just fine, unlike a real wallet with money that gets lost.

The people back in the early days were essentially just printing money from nothing.  You could mine on a weak ass pc or even a gaming console if you wanted to.  Those days are long gone with big boy farms taking over everything with asics.

I think chances are you are 99% percent going to download a covert mining trojan that is going to use your PC resources to mine coins for some hacker in Russia  ;D There is no such thing as free lunch.

I don't think this is the main idea of the thread. The friend who opens the thread is more interested in telling people about the system. And if this angle changes, there might be something very interesting in the future.

There is difference about download music, videos, software or something and download money. I think it's not actually this that we download money into our PC. Yes we can earn money through the internet connected PC by mining or like that. We can't download money into our PC but our PC is the way to earn money.

With BTC and altcoin, you only download Blockchain communication tools! Protect wallet.dat file securely for your own assets!

In support to your statement, there is really a big difference between bitcoin and music, video and other media. Also bitcoin cannot be downloaded but we can download wallet instead. Mining bitcoin and sending bitcoin works differently from sending videos and music. When you send music and video  you can send that media to almost everyone. This means that there is duplication, however if we talk about cryptocurrency, it is a different thing. There are certain protocols to follow and it works through a blockchain technology, wherein you cannot send twice what you already send.

       There is no button called "download" to download the money from the internet, and they come out through the floppy hole. You probably refer to the method of withdrawing money from the internet. For example, on the crypto market, transactions are used based on the addresses generated by virtual wallets, and finally the money can reach your Visa card. For more details you have enough information on this forum.

The very technology of the Blockchain is such that there can be no duplication. In other words, once a transaction has been sent, it is final. There can be no double-spending or copy transaction since the Blockchain only allows for 1 transaction which all parties (nodes) must verify. If they detect something wrong, such as an attempted double-spend transaction, then it will simply be denied.

It's not true because Bitcoin and Cryptocurrency is not stored in your devices. The only thing you own is the private keys to access your coins in the network, and the transaction history will be download and save in your computer.

The term is not appropriate to use. It should be you are downloading bitcoin wallets such as Electrum. And then you are transferring wallet from one wallet to another. It's not downloading, it should be transferring.

As for me, this is some kind of nonsense.  How can I download Bitcoin.  If, as it were, there is no such button.  What kind of nonsense are you carrying.  Maybe this is just a copy of the cryptocod?

OP’s wording is not right about downloading but I get his point. “Downloading” can be a layman’s term for mining bitcoin to anyone haven’t heard anything about bitcoin mining. We leave our PCs waiting for our files to finish downloading and there’s a slight difference with mining. The big difference is we’re lending or sharing our resources when it comes to mining. Right now, I’m finding a good exchange worthy of my gpu mined coins these past years and I found this one called Bittreo (https://exchange.bittreo.com/?utm_source=ccexchange) that have a big OTC trade bonuses.

I still remember the day where we were not able to browse through google and it keeps on saying that we had big traffic in fact that we don't browse that much. We also spent big data without knowing where it came from. That's the point that we started to have internet security and found out that our pc was generating and mining bitcoin without our notice. We were very alarmed and felt robbed since we don't ever suspect that there are things like this.

Bitcoin or any other crypto assets are not even close to the process of downloading. downloading involves breaking down your data into very small packets called data packets which are then sent through the internet connections. and when they reach other end or their source they recreate the files but with bitcoin, it is not like that. bitcoin is just a public ledger which is published over the network. So, when a miner mines bitcoin blocks they are actually setting their machines into a process similar to password searching, imagine trying every password in the world until a block gets unlocked. that's why more powerful PC's can calculate the hash faster and can try a lot of passwords.

Well there was a bitcoin inflation bug in the past but that was patched pretty quickly.  Maybe a new one will be discovered in the future?

I think the right term that you should use is mining. Downloading virtual money straight to our computers isn't possible, because if money or bitcoin is downloadable, everyone will surely get rich. If you're pertaining to mining, then you could really have virtual money like bitcoin in time.

No, you are not downloading anything. People register to the Bitcoin blockchain says they have that amount of coin.

Yes, it is called mining. Mining is a lot harder now because the cryptocurrencies and the mining softwares now requires a more powerful type of machine or gpu and that costs a lot of money for a person to afford it and it is not a wise investment for now to buy some gpus because the price of the cryptocurrency are recently low compare to the past prices and it is better to just put it straight to cryptocurrency.

Indeed, bitcoin was stored only in virtual presentation but the most important aspect was your security to access it. Blockchain network access can only be appreciated if you transact your coins through internet, but with offline wallet or local wallet you still can't see your asset without the power of Internet connection. You should have to make sure that your confidential information won't be exposed online to other individuals, because once it was breached possible loss of funds might occur.

I think English is not the native tongue of TS so he have expressed himself thru Layman's term which all of us can relate and understand.

He uses the word "like" so it is probably his interpretation of "downloading" to "mining". As he have compared it to music, movies and anything on the internet. I think he just want to emphasize that " money" has greater value that this because you can use it to purchase something that we need.