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Author Topic: Where does Bitcoin came from?  (Read 1259 times)
filharvey
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November 25, 2017, 11:48:54 PM
 #61

Bitcoin was created by an individual named satoshi.He created bitcoins to make people send their money individually P2P without the help of banks.Actually,satoshi designed bitcoin tto have a total of 21 million coins only.A operation named mining is carried out in which complex mathematical problems are solved using ASIC miners.For every block mined,a bitcoin is given as a reward to miners.

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Domenc
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November 25, 2017, 11:50:28 PM
Last edit: November 27, 2017, 05:23:04 PM by Domenc
 #62

Bitcoin comes from a process called mining of Bitcoin. Bitcoin is a virtual currency and is created in such a way so that a limited number of Bitcoin can only be mined, so that its value increase with increase in user base. Also, bitcoin occurs when miner passes or approves an transaction and as a reward they are given Bitcoin. As simple is the use of Bitcoin, the more complex is its internal functioning and process. But all these things can be easily found in Satoshi's whitepaper for proper understanding.
NewBet
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November 25, 2017, 11:56:23 PM
 #63

Bitcoin comes from code, essentially. It is a code that makes sure only 21,000,000 Bitcoin (BTC) will ever be created. This underlying technology is called the Blockchain. The Blockchain is like a sidewalk. Imagine walking down the sidewalk OK? Each block is like the Blockchain, and each coin has it's own blockchain, if that makes any sense. Tongue
appleyard
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November 26, 2017, 12:05:23 AM
 #64

Where does bitcoin came from? How it's made and how does it expand/grow? Thank you for any answers.

Bitcoin is a series of mathematical problem that ready to be solve by the use of mining and by the help of graphic cards of computers. Visualization of bitcoin it so hard to figure out what is the exact image of bitcoin but in my head its like a cube a huge cube.

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ModGirl
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December 10, 2017, 08:11:15 PM
 #65

BTCBTCBTC First I have to say I dont know where BTC came from, But I liked to post a reply on this thread. Human invented BTC, Human modified BTC, Human altered BTC price, So oneday Human will destroy BTC!!!
Well for your kind information the bitcoin was first sent by the Indian engineer satoshi so it was invented in the 2009 so I hope as the site and the forum is increase in the width the bitcoin is increasing in the price and the value, this is the way it is very famous now all around the world and it will increase more and more with the time for sure so good luck for the bitcoin.
Kezio
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December 10, 2017, 08:16:44 PM
 #66

From all the information brought by these fellow users, Bitcoins come from a code created by a man called Satoshi, and are generated by a process called mining.

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brickafterbrickwalldpt
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December 10, 2017, 08:24:24 PM
 #67

Bitcoins are created during a process that's called bitcoin mining which is basically adding transactions to blockchain. It's simple as that, bitcoins that are created are then hold by the miner until they are sold.

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Junard619
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December 10, 2017, 09:11:49 PM
 #68

Where does bitcoin came from? How it's made and how does it expand/grow? Thank you for any answers.
Bitcoin is a cryptocurrency, a digital asset designed to work as a medium of exchange that uses cryptography to control its creation and management, rather than relying on central authorities. The presumed pseudonymous Satoshi Nakamoto integrated many existing ideas from the cypherpunk community when creating bitcoin.
shekt4
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December 10, 2017, 09:56:33 PM
 #69

Mining only unlocks new btc. The system was designed by satoshi through a series of codings
fanbeila
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December 10, 2017, 10:59:43 PM
 #70

Bitcoin was actually created by satoshi nakomoto and he created it as a currency which could be used to send money P2P without the help of banks as intermediary.It was set that there should be only 21 million coins to be available.New bitcoins were generated by a process called mining which is solving mathematical algorithms to enable bitcoin transactions to get confirmed.Till now,16.5 million coins have come in to circulation and only 4.5 million coins yet to be mined.

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December 10, 2017, 11:06:41 PM
 #71

There is a documentary which was made on 2013 and there most of the aspects of btc are explained, I don`t remember the name of it but you probably would see it with a little search.
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December 12, 2017, 07:14:31 AM
 #72

I do not know where it came from but I remember only a few. and it's just what I remember. Bitcoin is a consensus network that enables a new payment system and a completely digital money. It is the first decentralized peer-to-peer payment network that is powered by its users with no central authority or middlemen. From a user perspective, Bitcoin is pretty much like cash for the Internet.
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