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Author Topic: paper and pencil bitcoin  (Read 880 times)
phillip1882 (OP)
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June 10, 2015, 02:46:58 PM
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If the only things you were allowed were paper and pencil, say you were creating bitcoin in the 15th century, how would you do it? I ask because I'm trying to get a better understanding of how bitcoin works, and i think this would help a lot.
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June 10, 2015, 03:11:13 PM
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First of all, this won't happen.

See http://www.righto.com/2014/09/mining-bitcoin-with-pencil-and-paper.html and https://reddit.com/r/Bitcoin/comments/2s2w1r/generate_addresses_private_keys_with_pencil_paper/.

P.S. You can't mine with paper and pencil and you can create address with paper and pencil but it's little hard.

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June 10, 2015, 03:56:17 PM
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If the only things you were allowed were paper and pencil, say you were creating bitcoin in the 15th century, how would you do it? I ask because I'm trying to get a better understanding of how bitcoin works, and i think this would help a lot.
https://www.youtube.com/watch?v=y3dqhixzGVo

You will like this video. That is all that happens in the hashings but tons of times per second, which is what makes BTC so secure.
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June 10, 2015, 04:48:45 PM
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You can mine Bitcoins with paper and pencils, but Your hash rate will be measured in seconds / hash, not hashes / second. Tongue

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June 10, 2015, 06:08:09 PM
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I found the wikipedia article to be very helpful.  Also check out different forums and read lots of posts to get a good idea of bitcoins, not just the technical stuff but the social things as well.
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June 11, 2015, 03:15:54 AM
 #6

check this out:
https://bitcointalk.org/index.php?topic=919430.msg10101533#msg10101533

but i think it is a terrible idea because humans will make mistakes in calculations all the time and it is a really long and time consuming activity while there are many other safe ways to create a secure address.

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