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October 17, 2018, 06:28:38 AM *
News: Make sure you are not using versions of Bitcoin Core other than 0.17.0 [Torrent], 0.16.3, 0.15.2, or 0.14.3. More info.
 
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1  Bitcoin / Bitcoin Discussion / Bitcoin work on: June 13, 2018, 04:59:19 AM
Bitcoin works by recording every transaction that takes place on its network in all nodes of the network. This redundancy ensures that a bad actor cannot change or delete a transaction by undermining a single point of failure.

Each user of the Bitcoin system has a public-private encrypted key pair, and use their public keys as their account number or address. For instance, if Alice sends Bob one Bitcoin, she will send it to Bob’s public key address. Transactions themselves are validated and added to the blockchain ledger through a process called “mining,” which also is the method by which new Bitcoins are introduced to the system.
2  Bitcoin / Legal / invest in bitcoin on: June 13, 2018, 04:21:37 AM
The ideal strategy to me seems to be to invest consistently over time because this minimizes the impact of volatile prices. For example, if you decide you want to invest in Steem but are not sure if the price will be up or down later, buying in every month instead of all at once is often an ideal way to go forward because if the price goes down, you get a better deal next time.
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