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Author Topic: infographic for newbie (how to buy btc)  (Read 253 times)
maxreish (OP)
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May 12, 2018, 01:32:14 AM
Merited by Moiyah (9)
 #1

I have been trying to increase my knowledge about cryptocurrency, preferably with bitcoin when i accidentally see this infographic from this site If it helped me a lot to understand the flow on how to buy a bitcoin, then i think this will also help newbies to comprehend this infographic explanation.




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Transactions must be included in a block to be properly completed. When you send a transaction, it is broadcast to miners. Miners can then optionally include it in their next blocks. Miners will be more inclined to include your transaction if it has a higher transaction fee.
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Moiyah
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May 12, 2018, 05:39:46 AM
 #2

This is what I have been looking for. The simplest step by step guide with useful infographic helps me to understand the flow in buying a bitcoin.  I appreciate your post. Thank you.
mdayonliner
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May 12, 2018, 10:55:10 AM
 #3

This is what I have been looking for. The simplest step by step guide with useful infographic helps me to understand the flow in buying a bitcoin.  I appreciate your post. Thank you.
Are you aware of merit farming?

A (9)> B
B (4)> A
A (2)> B
B (1)> A

A end up adding 5 more merits
B end up having 11 more merits

Assuming you are A that will make you 23 merits
And the other one is B that will make him/her 14 merits

If the OP would create the info graph then I would say spending your 9 sMerits to one person was valid.
...site...

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Don't you think there are smart people on this forum?


Either you two know each others or both account owner is same person.

Please do not abuse merit or both account will be at risk of having redTrust and your life will be very hard joining on bounties.

Be happy be at peace. Looking forward to BTC at $1M
Tankdestroyer
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May 12, 2018, 11:07:29 AM
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The inforgraphic picture is nice but I think installing a virtual wallet isn't necessarily the first step. I think it should only be "create a bitcoin wallet" because a web wallet is more newbie friendly than those virtual wallets that can be installed(and there are more types of bitcoin wallet).
Please do not abuse merit or both account will be at risk of having redTrust and your life will be very hard joining on bounties.
I think their case needs further discussion in meta so that others(who are expert in busting merit abusers) can also help in the investigation.
mdayonliner
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May 12, 2018, 11:46:10 AM
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I think their case needs further discussion in meta so that others(who are expert in busting merit abusers) can also help in the investigation.
I might consider giving neutral tag to both and will observe their account. In future if I find any suspicious activities I will then create a topic in meta. Feel free to create a topic if you want to with the clues on my early comment. Let's see what others say about it.

Be happy be at peace. Looking forward to BTC at $1M
triciaa478
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May 12, 2018, 12:48:32 PM
 #6

The number 1 item on the inforgraph is not mandatory to install a wallet on your pc before buying your first bitcoins. You can use an exchange wallet to receive the coins you are buying or even use an online wallet without downloading any client into your pc.
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