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May 04, 2024, 08:15:57 PM *
News: Latest Bitcoin Core release: 27.0 [Torrent]
 
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21  Bitcoin / Bitcoin Discussion / Re: Good News on: March 28, 2018, 11:36:37 AM
Those are privately held corps. For their benefit, they can do whatever they want. Free advertising is not guaranteed by constitution Smiley
22  Bitcoin / Bitcoin Discussion / Re: How to buy in bear market? on: March 28, 2018, 10:22:18 AM
The thing is, we don't know where the bottom of the bear market lies.

If you feel confident enough that this is it, based on some analysis (technical or fundamental) than go ahead. Bear in mind that it can go lower and than it shoots up.

Also, take into account that the BTC markets are being heavily manipulated since only 10% (in better days) is trading.

Who knows. The bottom line: it's speculation either way.  Wink
23  Bitcoin / Bitcoin Discussion / Re: Any blockchain movie yet? on: March 28, 2018, 09:54:11 AM
I guess blockchain tech hasn't been a very interesting topic for a story conflict, just yet.  Wink
24  Other / Beginners & Help / Re: Can i get my bitcoin back? on: March 28, 2018, 09:45:56 AM
Is this a serious question? LOL

Practically, it's not possible. Otherwise, bitcoin's value would be a flat zero by now.

Everyone is responsible for his/her own coins, that's the premise of cryptocurrencies. 

Golden rule: ALWAYS BACK IT UP!

25  Bitcoin / Bitcoin Discussion / Re: Do you think Bitcoin can ruin a Country? on: March 27, 2018, 10:24:50 PM
In my opinion, countries will start issuing their very own cryptocurrencies soon.

Bitcoin is being somewhat accepted by countries just to make people get used to it and make a smoother transition.

Imagine the drama when they tried to make people use a paper/banknote instead of coins back in a days   Shocked
26  Bitcoin / Bitcoin Discussion / Bitcoin 101: Explain It Like I'm Six on: March 27, 2018, 10:15:56 PM
In this short article, I will try to describe Bitcoin to you like you're a 6-year old kiddo, line by line.

So let's start.


Algorithm As A Currency

Bitcoin has a number of superior user functionalities such as peer-to-peer connection, relative anonymity, and affordability.

It's a new form of digital cash.

Instead of being released by a central bank, its distribution is controlled by a decentralized network of computers.

This network relies on cryptography and network technology to regulate the supply of Bitcoins and monitor who owns them.

Therefore, Bitcoin is known as a cryptocurrency.

Although Bitcoin uses a ledger, it is kept up collaboratively by the decentralized network of computers.

For that reason, it is also called a distributed ledger.

As new transaction entries are added to this distributed ledger, they incorporate references back to the previous groups of entries.

In this way, all participants can verify for themselves the source and origin of everything on the ledger.

These groups of transaction entries are called blocks, and the whole collection is, therefore, a blockchain.

It’s creator(s), Satoshi Nakamoto, wrote that it was a system of purely peer-to-peer electronic cash which can be controlled completely by the holder.

In addition, it can be sent to anybody without needing a bank’s permission or facing the risk of a confiscation.

Every full participant in the Bitcoin system has a copy of every transaction, arranged in these blocks, going all the way back to the start of the Bitcoin.

Each block is cryptographically linked to the previous block, forming a blockchain that maintains a full history of transactions.

Every copy of the ledger is synchronized by algorithms which are set up to keep “consensus” about the state of the ledger.

However, once a transaction is sufficiently confirmed, it can never be reversed.

Users can access the ledger with different applications on a desktop or a mobile phone.


A Brief Note On Bitcoin Wallets

In order for a user to be able to store and transfer bitcoins, he or she needs a special software called Bitcoin wallet.

A “wallet” is basically Bitcoin’s equivalent of a bank account.

There are two main types of wallets.

A software wallet is one that the user installs on own computer or mobile device.
One is in complete control over the security of coins but these wallets can sometimes be tricky to install and maintain.

2. A web wallet, or hosted wallet, is one that is hosted by a third party.

They are often much easier to use, but you have to trust the provider to maintain high levels of security to protect your coins.

(3.) A third option would be so-called “cold wallets”.

These are basically a small piece of hardware which you can connect to your computer via USB to store your coins offline.

Anyone can get comfortable with the idea of using the bitcoin currency (or any other cryptocurrency).

Just give it a try.

 Cool
27  Economy / Currency exchange / Re: Buying BTC via PayPal, good rates on: March 27, 2018, 08:32:11 PM
Not a good idea. PayPal payments may be reversed.
28  Local / Nederlands (Dutch) / Re: ICO's on: March 27, 2018, 08:23:46 PM
effect.ai is having one right now.

They're based in Amsterdam.

Note: I'm not endorsing the project, nor am I associated in any way.
29  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [CAS]Cashaa: The Next Generation Banking Platform for the Next Billion [AIRDROP] on: March 27, 2018, 08:04:12 PM
Same same, but different. Keep hearing the story over and over.

So what's happening? Never heard of you since you stopped spamming my inbox for your ICO  Tongue
30  Other / Off-topic / Re: What crypto sites do you visit daily? on: March 26, 2018, 10:08:07 PM
http://www.hashcash.org/papers/hashcash.pdf
31  Alternate cryptocurrencies / Tokens (Altcoins) / Re: [ANN/ICO]JOHN MCAFEE'S CHOICE FOR THE FUTURE OF HEALTHCARE BLOCKCHAINS.DOCADEMIC on: March 26, 2018, 08:58:18 PM
scam afee all the way!
32  Alternate cryptocurrencies / Announcements (Altcoins) / Re: Feathercoin [FTC] on: March 26, 2018, 08:35:55 PM
Another day and another coin with no purpose.

Shinier, faster, more clever with a bigger dick, ...they all say. Stand in the line and cash in till you can, that's your only, real purpose. Amirite?
33  Alternate cryptocurrencies / Tokens (Altcoins) / Re: ✅✅✅[ANN] GIF [ANN]GIFcoin ICO - Gambling Investment Fund[LIVE] ✅✅✅ on: March 26, 2018, 05:16:17 PM
gambling, indeed.  Sad
34  Alternate cryptocurrencies / Announcements (Altcoins) / Re: 🔥 [ANN][ICO] The Revolutionary Broccoli, Cucumber, and Eggplant Token! 🚀 on: March 25, 2018, 11:16:37 PM
I see no fruits, I'm out! Tongue
35  Alternate cryptocurrencies / Announcements (Altcoins) / 🤑 Bitcoin's LN 🤑 on: December 07, 2017, 06:16:27 PM
Heard of Bitcoin's LN??
36  Alternate cryptocurrencies / Announcements (Altcoins) / Re: IOTA on: December 05, 2017, 11:03:16 PM
epic!
37  Alternate cryptocurrencies / Announcements (Altcoins) / [Pre-Sale] Tomatoes, Cherry, and Pickles! on: December 05, 2017, 10:30:16 PM
Buy now, be healthy tomorrow!
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