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Author Topic: Newbies Hangout  (Read 25384 times)
ArtemisZuna
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December 30, 2011, 05:53:56 PM
 #61

"KISS"--Keep It Simple, S____.
Now THAT is a principle worth exploring, especially in relation to Bitcoin...:

The real KISS of Bitcoin is that it is peer-to-peer (no third party involvement) and--because of the internet (which IS a major third party)--unlimited by distance. It is the closest "thing" to a Star Trek transporter that is currently available for transfer of money.

The non-KISS of Bitcoin is the need for the user to invoke encryption and to use electronic equipment. Attempts to simplify the user interface involve third parties and--consequentially--have resulted in the theft of encrypted wallets. Effective protection is anything BUT simple.

Of course, I have only scratched the surface, but other newbies might want to up their post count by adding their views... Cheesy

My Artemis Zuna Trading Post now offers Bitcoin graphics on shirts, cups, posters, wall peels, license plates and numerous other items.

*-Coming soon-* accept Bitcoins for payments *-Coming soon-*
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ZodiacDragon84
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The king and the pawn go in the same box @ endgame


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December 30, 2011, 09:05:32 PM
 #62

He he. Good place to run down the clock until I can post in the market. Ranch Doritos FTW!

Looking for a quick easy mining solution? Check out
www.bitminter.com

See my trader rep at Bitcoinfeedback.com
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TeejFreeman
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December 30, 2011, 09:53:04 PM
 #63

Does anyone have anything exciting and fun planned for the New Years Eve Celebration?

-Teej

-Teej
ZodiacDragon84
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December 31, 2011, 05:51:16 AM
 #64

Does anyone have anything exciting and fun planned for the New Years Eve Celebration?

-Teej
Probably going to sleep. gotta be to work at 6am on the first. ahh the joys of being a garbage man!

Looking for a quick easy mining solution? Check out
www.bitminter.com

See my trader rep at Bitcoinfeedback.com
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noboundaries6289
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December 31, 2011, 05:56:15 AM
 #65

going to 2 parties then back to the hotel with the GF. planning on a very successful weekend Smiley
IamYou
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December 31, 2011, 10:00:37 AM
 #66

Anyone got any good Bitcoin miner links ?

Im sure i should be getting more than 400Mh/s with my 5970.. :/
Cage
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January 01, 2012, 02:05:06 AM
 #67

hey so i am a total nube but i thought this thing was like an untracebal ebay of sorts and i am confused as to how this system works? i have been reading through posts but this computer jargin is leaving me confused...help please!
Defkin
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January 01, 2012, 03:50:04 AM
 #68

hey so i am a total nube but i thought this thing was like an untracebal ebay of sorts and i am confused as to how this system works? i have been reading through posts but this computer jargin is leaving me confused...help please!


I am a newbie to bitcoin too. I'll give a simple explanation a try...

A bitcoin is a digital object that it cannot be copied to increase its value.

Think of it like a cheque. If you made many perfect copies this would not increase the value because the bank has records and will bounce all but the first one submitted.

The bank has central records to keep track of transactions. Bitcoin uses an encrypted file on a p2p network to record transactions and uses peers to verify and process these transactions. The bank uses armored truck, security guards and FBI ect. to keep their money secure. Bitcion relies solely on ultra secure encryption methods.

To receive a bitcion you send your encryption signature generated from your primary encryption key to the person sending the money. That person adds the amount along with their signature and your signature and sends it to the p2p network to be verified and processed. Once this is done that amount of money is added against your primary signature on the master record bouncing around the p2p network thus enabling you to generate money off your primary key that can be validated.

As to anonymous ebay you could in theory go to a website on via TOR and pay for something using bitcoin.
ZodiacDragon84
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January 01, 2012, 05:52:20 AM
 #69

hey so i am a total nube but i thought this thing was like an untracebal ebay of sorts and i am confused as to how this system works? i have been reading through posts but this computer jargin is leaving me confused...help please!


I am a newbie to bitcoin too. I'll give a simple explanation a try...

A bitcoin is a digital object that it cannot be copied to increase its value.

Think of it like a cheque. If you made many perfect copies this would not increase the value because the bank has records and will bounce all but the first one submitted.

The bank has central records to keep track of transactions. Bitcoin uses an encrypted file on a p2p network to record transactions and uses peers to verify and process these transactions. The bank uses armored truck, security guards and FBI ect. to keep their money secure. Bitcion relies solely on ultra secure encryption methods.

To receive a bitcion you send your encryption signature generated from your primary encryption key to the person sending the money. That person adds the amount along with their signature and your signature and sends it to the p2p network to be verified and processed. Once this is done that amount of money is added against your primary signature on the master record bouncing around the p2p network thus enabling you to generate money off your primary key that can be validated.

As to anonymous ebay you could in theory go to a website on via TOR and pay for something using bitcoin.

Well said. If there are goods or services you want to find; make sure you check out this forums Marketplace.

Looking for a quick easy mining solution? Check out
www.bitminter.com

See my trader rep at Bitcoinfeedback.com
!
hardpick
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January 01, 2012, 06:25:50 AM
 #70

Anyone got any good Bitcoin miner links ?

Im sure i should be getting more than 400Mh/s with my 5970.. :/

try
deepbit.net
Cage
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January 01, 2012, 09:29:45 PM
 #71

thanks for the help, i needed someone to break it down, this can be alittle overwhelming ...thanks again!
Uncle Scrooge
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January 01, 2012, 10:27:26 PM
 #72

Make sure you have 1 miner for each gpu in the 5970.
TheHeroMember
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January 02, 2012, 04:55:43 AM
 #73

Happy New Year Everyone.

Hey Guys! WWW.FREEBITCOINS.ORG introduces "Epic December Contest" where you can Win Sweet Casascius Coins !!!
jhn2001
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January 02, 2012, 02:59:08 PM
 #74

Wanting to get out from Newbie status??? Hangout here. Smiley

the 4 post and 5 hours rule suxxx !! big time
BitSlot.net
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January 02, 2012, 03:35:49 PM
 #75

*hanging out*  Smiley

Play Bitcoin SlotMachines at  bitslot.net
jhajduk
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January 02, 2012, 05:13:35 PM
 #76

forcing people to make useless posts and wait 4 hours is silly
DoubleIcaras
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Kill me~


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January 02, 2012, 05:17:39 PM
 #77

Being a newbie is frustrating, but atleast I can lurk the other boards while I wait. Tongue

Help support Bitcoin awareness in London! Donate to it here: 1F6MCoBMwmfpT5fruvCUjirFEybhLe5c1C
Or get involved here: https://bitcointalk.org/index.php?topic=58539.0
Patrick||Rodgers
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January 03, 2012, 05:55:12 AM
 #78

Being a newbie is frustrating, but atleast I can lurk the other boards while I wait. Tongue

How long does one have to wait?
TheHeroMember
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January 03, 2012, 07:53:42 AM
 #79

Being a newbie is frustrating, but atleast I can lurk the other boards while I wait. Tongue

How long does one have to wait?

5 hours.

Hey Guys! WWW.FREEBITCOINS.ORG introduces "Epic December Contest" where you can Win Sweet Casascius Coins !!!
TheHeroMember
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January 03, 2012, 07:59:42 AM
 #80

Does anyone have anything exciting and fun planned for the New Years Eve Celebration?

-Teej

Dip on a hot tub and bottles of beer.

Hey Guys! WWW.FREEBITCOINS.ORG introduces "Epic December Contest" where you can Win Sweet Casascius Coins !!!
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