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Author Topic: What is Bitcoin  (Read 627 times)
sfr2017
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February 24, 2018, 08:31:51 AM
 #21

Bitcoin is the first cryptocurrency launched in worldwide payment system.
Blockchain is a public ledger that records and distribute  a crptocurrency  transactions.
Blockchain wallet used to receive and send do transactions  anonymous.

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February 24, 2018, 09:49:15 AM
 #22

Bitcoin is a digital crypto currency. Bitcoin is uses for many transactions . Many investor invest on bitcoin because it really helps to earn more and save more from the future. Thanks to this forum for the bewbie so they can really recognize what is bitcoin is. Bitcoin can help you to pay for your daily expenses since its a good investment you can start your future its just a peace of mind because you have an investment to your future
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February 24, 2018, 09:56:36 AM
 #23

Can i tell me some thing about bitcoin and blockchain?
Bitcoin is digital currency, It is the first decentralized digital currency. Its conception is peer-to-peer and transactions take place between users directly.
Blockchain is a digital ledger in which transactions made in bitcoin or another cryptocurrency are recorded chronologically and publicly.
Thank, bros. I read block0 of Bitcoin and some thing i dont know: https://blockchain.info/block/000000000019d6689c085ae165831e934ff763ae46a2a6c172b3f1b60a8ce26f

First: Blocktime: is a time to find a NONCE, right. So after 10 min, the block is close, a new block is build, nonce has found? When ever block close less than 10  min?

2. How to find a nonce? I know many nonce is satisfy for 1 block. So Who find a nonce to get a reward? A first that find a nonce?

3. How to "make a BTC". The block 0 has found. Then Block 1, block 2...block n. what is be wroted on the block? Transaction, right?

Thank you for reading. and "fall heart" ^^
kyle999
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February 24, 2018, 09:57:25 AM
 #24

Most of the forums members do not explain bitcoin too much but just search bitcoin on google and you can read it to learn it.
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February 24, 2018, 10:06:27 AM
 #25

We can discuss about BTC and blockchain by "read blockchain", right. Some body can help me a fundamental principle of BTC or blockchain?
Help me to explain some thing of blockchain. Thank you so muchh
https://uphinhnhanh.com/images/2018/02/24/block0.png
paa1991
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February 24, 2018, 01:07:13 PM
 #26

bitcoin is a Father of crypto currencies.  Smiley
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February 24, 2018, 01:10:46 PM
 #27

bitcoin is a crypto currencies created by mr. satoshi, bitcoin is the main and highest value in crypto world that you need to trade to by ethereum and other token just like investing , trading knowledge is a must if you dont know how to trade then you will lost all of your holdings so proper research can do.
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February 25, 2018, 05:04:09 AM
Last edit: March 05, 2018, 08:28:48 AM by crafted
 #28

Bitcoin is a digital cryptocurrency & virtual currency. This is a popular currency in the present world. It was discovered in Satoshi Nakamoto in 2009. Bitcoin is a place that is easy to exchange in other places. We can use it as a currency. It is not regulated by the government. It is regulated by person. There is a lot of people getting employment through bitcoin. Income increases in per capita income. Bitcoin can easily make many profits. In future this bitcoin will gain much more.
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February 25, 2018, 06:10:12 AM
 #29

Bitcoin is a digital crytocurrency & virtual currency. This is a popular currency in the present world. It was discovered in Satoshi Nakamoto in 2009. Bitcoin is a place that is easy to exchange in other places. We can use it as a currency. It is not regulated by the government. It is regulated by person. There is a lot of people getting employment through bitcoin. Income increases in per capita income. Bitcoin can easily make many profits. In future this bitcoin will gain much more.
Thank you, bro
I use GG to search some thing about Bitcoin. Bitcoin is a Crypto, digital currency. They taught it a less or no fee when we use bitcoin as a money to make transaction. But the real is not. This Fee when we send BTC to another or make transaction is very expensive. When we send about 200$, the fee is 5$ or more? What is the truth?
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February 25, 2018, 10:44:05 AM
 #30

bitcoin is a crypto currencies created by mr. satoshi, bitcoin is the main and highest value in crypto world that you need to trade to by ethereum and other token just like investing , trading knowledge is a must if you dont know how to trade then you will lost all of your holdings so proper research can do.
Dear Bro

I find some information about a number of bitcoin that Mr Satoshi is have? Does it effect to BTC blockchain?
bachanhlac
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February 25, 2018, 05:00:05 PM
 #31

Dear Bro,
can you speak English, i dont know what you speak. Thank you
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February 25, 2018, 05:08:30 PM
 #32

i think it is the father of all cryptocoins...if the btc fall some of the coins also fall.
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February 25, 2018, 05:55:11 PM
 #33

Can i tell me some thing about bitcoin and blockchain?

What is blocktime, blocksize and how effected of it to blockchain?
Bitcoin is most powerfull and valuable coin on crypto market.It uses cryptography to secure and verify transactions as well as to control the creation of new units of a particular cryptocurrency.you can find full details about bitcoin and blockchain on google or wikipedia first try to this , https://en.wikipedia.org/wiki/Blockchain .

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February 25, 2018, 06:54:19 PM
 #34

You can find about it if you do a bit of research on Google, but here I go. I won't go into the specifics of Bitcoin because that will take too long, so i'm just going to skim over it. In a nutshell, Bitcoin is digital currency that uses blockchain technology as a ways of payment online. This is also called a cryptocurrency. Bitcoin is a decentralised exchange where no single person or power controls the currency. In bitcoin, there are the devs, which work together to implement updates to improve Bitcoin, the users, which hold Bitcoin and the miners which lend out part of their CPU in order to process transactions. Compare this with banks and the government, which can generate any amount of it's national currency at any time, and you can see why having a currency that no one controls is so innovative and exceptional. Bitcoin also uses blockchain technology, which is a digitised ledger made up of individual blocks. These blocks contain data of all the transactions that are processed by the miners and are uploaded onto the blockchain. On the blockchain, everyone and anyone can see every single transaction that has been made, making Bitcoin a very transparent currency compared to fiat. If you want to a more in depth and technical explanation of Bitcoin, try this youtube video

https://www.youtube.com/watch?v=Lx9zgZCMqXE

Have fun!

Thank you so much about this information that you supply. I'll watch it carefully
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February 25, 2018, 08:16:04 PM
 #35

The first cryptocurrency in the world
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February 25, 2018, 11:21:39 PM
 #36

You know, the OP's question is definitely something I struggled with at first as well (and still do at times). Rather than echo what has already been stated by others, the way I look at BTC is that it is a human made phenomenon that has value because WE (as humans) give it value. The more BTC (or other cryptocurrencies for that matter) is bought into and used by society (aka believers in BTC), the more "value" it has. Kind of like the ultimate social currency. So the more you recruit friends, family, strangers into buying into the concept of BTC, the more BTC will be worth.

Fiat currencies may be slightly different, but still operate under the same idea (gold has value because we as humans give it a certain amount of value and people have bought into that concept).

Please feel to critique my thinking, always open to suggestions!
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March 16, 2018, 03:10:58 PM
 #37

You can find the answers of your questions by searching in google. Try also this one, it may help you to learn more about bitcoin or how it works, just click here: https://bitcoin.org/en/faq
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March 16, 2018, 03:26:00 PM
 #38

Google, please!
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March 16, 2018, 08:58:45 PM
 #39

No bills, no coins  Grin
It's decentralized, that means there is no bank, no government, no institution that controls it.
Bitcoin connects buyers and sellers anonymously  Cool



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March 16, 2018, 09:49:41 PM
 #40

Unlike fiat currency, bitcoin is a digital currency that uses blockchain technology for transactions. with the  potential of becoming something great in value.
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