Bitcoin is downloading money into your PC

[ralle14]

The title of this thread is attractive although it is misleading . Imagining money to be downloadable, indeed it is amazing but it wont never happen.

your right its verry attractive but its not misleading  . its true actually because op did mention the term mining and mining is basically simillar to downloading .  the only difference is that mining works pretty slow when compare to downloading but i think this issue can be fix in the future is inventors can create a super mining  hardware  .

Mining isn't slow, even if there's a better mining hardware in the future it'll stay slow because the difficulty is increasing.

I kind of understand what OP is trying to say but downloading money with Bitcoin sounds wrong because in mining you don't need to have the fastest internet when competing against other miners. On one of OP's reply above he's referring to altcoins he should replace the title to cryptocurrency instead of Bitcoin.

[Pursuer]

The sentences that you give are confusing, I get your point that it is "like" downloading money if you are mining but its NOT.

it still doesn't make sense even for mining because when you mine you still aren't downloading anything! you are working (hence the name Proof of Work or PoW) and you are using your computing power to find a hash which is some cryptography math that you are solving and finding a solution to get a reward for that. there still is no "download" involved.

[liyah1995]

bitcoin is a currency that can be obtained with a variety of ways by online:). With the trade, following the campaign, investment, mining, etc.

[The Cryptovator]

OP thought is wrong. Downloading anything from internet and mining bitcoin can't be same. You are getting rewards from mining. Its can't be download. Perhaps you need download only wallet to receive rewards. Most likely OP want to compare mine with download. But you know for download anything from internet you need to spend too much internet, but for mining's you don't need to spend too much internet. So download and mining is totally different.

[Kakmakr]

When you use online Banking, you only download a piece of software that gives you access to their database and then you can shift money around on their database. The same thing happens with Bitcoin, because you download some desktop wallet that gives you the capability to access a decentralized Blockchain that holds your coins.

Your private key, gives you the capability to interface with your coins and to shift those coins to other Bitcoin addresses. <Paying for services or giving coins to other people.>

The coins are not stored on your computer, the tokens stays on the Blockchain. 

[okala]

To ever own money you have to work for it or be gifted wit it, mining as you have said to be downloading money is not correct because the miner invest and work for the money they receive during mining, and the video, TeX and games and software you said have to be pay for with money. So I don't think there is downloadable money.

[pushups44]

Bitcoin needs to be more user-friendly to become as popular as some of the programs or apps that people regularly download. Over time we will get there. The Lightning Network is what will take bitcoin to mass adoption.

[Ipwich]

<>

What even more crazy are decade ago, everyone is dreaming of having their own free nation, to be completely escape from a usually monarchy gov system, with the introduction of Bitcoin, we're one big step closer to that goal, it's no longer a dream, but a reality that waiting to happen.

With Bitcoin we have freedom, but not the complete freedom we are hoping we will experience.
Trading BTC or using it, we are still govern by the rules of the government, let's make it simple, the fact that we pay taxes, we still have no complete freedom.

[ethereumhunter]

I think he is mean that if someone sends some amount to his wallet in his PC, he is making money because now, he has those coins which he can sell to fiat

We are confused with he said and I think he needs to explain more about his words so we can know what the truth is. But bitcoin is different than other things you download. It's not music, file, movie, or even malware

Bitcoin is something that you can use to get money by converting it into your local fiat.

[yazher]

Literally If you see it that way you are correct but with the things you need to be able to get even a little amount of bitcoin I would't say it Downloading rather I would say investing in a very strange way, like for example you need some powerful equipment for mining and some other works to get a tiny amount of bitcoin. That just another way of investing not downloading though. remember "there is no Such thing such free Lunch".

[Broly46]

Bitcoin mining is a process that id totally different from downloading a file from the internet. It seems like you are confusing mining with downloading and you don't understand what mining is. Miners use a special software to solve math problems that allows them to chain together blocks of transactions.

That's correct it is solving a math, but I'm not sure I'm good enough to understand the technical aspect of the Bitcoin, the white paper are great, but I didn't fully understand it, I doubt anyone can read fully the idea behind the white paper

It is more of like you are - if you really like the DOWNLOADING term - downloading the record of bitcoin if you are a miner and then STREAMING your data from the network if you are just a client. Big difference.

Yeah I would prefer streaming because it's broadcasting to a big group of miners, the difference is big, for the corporate mining farm, but for individual miner, it make very little sense.

[Broly46]

that is a horrible analogy mainly because it is misleading.

you don't download "bitcoin" (money) in your PC, you literary work for it to earn it. and not to mention even when you run a full node you are still not downloading "bitcoin", you are downloading the database (aka blockchain) which everyone else also has and that contains the record of your transactions. in other words your "money" is not even on your computer, it is in the blockchain shared by thousands of others. you only hold the "key" to "unlock" that "money" and spend it.

I always try to choose the word carefully, for example I choose money, and I think download money is possible, it is true Bitcoin is a currency, but it isn't downloadable, or even designed to exceed 21m supply limit, so do you think money can be "downloaded" just like how the federal reserve fractioning one unit of USD into ten unit of USD, and what is the catch here, we can do it without the FED, by "download" the money instead. That's really interesting!

The title of this thread is attractive although it is misleading to most people who are in their beginning phase of learning about bitcoin. I think it is just another too high imagination of OP in hoping to see a way to earn money from the internet. Imagining money to be downloadable, indeed it is amazing but it wont never happen.

It was true money wasn't downloadable, because it is a piece of paper and distribute to the user, since money has became a fiat, basically a digital number on the screen, I don't know how to stop it from being download or being uploaded, I think it is possible, but it is all about how to download it, because it will not be an easy task to download money.

[judeafante]

But downloading or mining Bitcoin is such a costly venture you can lose a lot, you cannot compare it to movies or music that you can download free and easy, you need good specs and of course, you will have to run it the whole day and night, so it's a vague comparison.

[slaman29]

That is one of the worse analogies I have ever heard. Internet is free in most places, mining is not. And that's just looking at it from one angle. You also have to remember that the "bandwidth" of Bitcoin is its supply, which is limited. And to get new ones released into circulation you have to solve equations faster than others. And it doesn't matter how rich you are, you can't possible compete with the pools. More likely is, you will spend more money to "download money" and run at a loss.

[kaya11]

I do not understand the technical aspects So if I'm wrong, people will correct me. People download the wallets, they do not download bitcoin. People mining bitcoin, they do not download bitcoin.

https://www.bitcoinmining.com

I believe that there is a great difference between bitcoin and download music, video, photos from the internet

He is comparing BTC mining to downloading of files on the internet. Yeah, he's saying they are related, in terms of using computers to get something. But I don't get his point, what is he really trying to tell us. There is no specific reason why he is comparing such. He just wants us to wonder and be amazed?But most of us are already amazed.

[r1a2y3m4]

The topic is not making nay sense. You're downloading wallets not downloading money. The process of getting money online is the transferring of it. So, wallet are transferring btc to another wallet.

[gesdan]

if course you can download money into your PC, but you need a high spec computer if you want to get a big money, its name is mining, you can try to mining bitcoin and mining cryptocurrency that you want, after that you can sell it in market and voila you can get the money (Download money from the internet)

[Mastercon]

I think you may right since mining can be compare as downloading money. You need a good internet connection for downloading same as you need for mining. But internet is not everything because you need power full pc too with some GPU.

[DoublerHunter]

I think you may right since mining can be compare as downloading money. You need a good internet connection for downloading same as you need for mining. But internet is not everything because you need power full pc too with some GPU.

It is different use if you have mining rigs and personal computer, of course, I won't do mining in my personal computer rather than I have to buy mining rigs which are the high spec for GPU and can able to mine bitcoin that OP was mean that downloading money. Bitcoin is easy to adopt if you have gadgets and internet then, you have to earn a possibly huge amount of money. I must prefer to download wallet into my personal computer just like electrum to received my money via bitcoin and convert into the fiat when it is needed. That's what the meaning of OP's analogy.

[SiDtHeBeSt]

Meh this is the first time I'm hearing something like download Bitcoin or money from the internet. With my knowledge I just know that people can download various wallets to store in their bitcoins. Another thing which is slightly similar is Bitcoin mining.