Bitcoin Forum
December 07, 2016, 08:38:46 AM *
News: To be able to use the next phase of the beta forum software, please ensure that your email address is correct/functional.
 
   Home   Help Search Donate Login Register  
Pages: [1]
  Print  
Author Topic: New to bitcoins  (Read 639 times)
i_rape_bitcoins
Member
**
Offline Offline

Activity: 70



View Profile
May 09, 2012, 02:38:00 AM
 #1

Hello guys I'm new to this. I found the bitcoin.org site (is it official?) to be a bit lacking for a beginner.

Bitcoins sounds like a revolutionary push for new currency, but I have a few questions before I actually go any further.

  • I heard bitcoin was opensource, but what prevents me from giving myself 999 (or anyone else) bitcoins?
  • How long does it take for me to download all the stuff in the software? It's been sitting at 1% for quite a while.
  • Is there a list of businesses accepting bitcoin? What can I do with it?

Please mind my name, if you're a redditor, you'll know someone that goes by "I_RAPE_CATS". I thought it would be funny if I claimed this name before anyone else.

Anyway, thanks!  Wink

[Edit: What is mining? I heard I could make some money with my computer, how?]

~I_RAPE_BITCOINS~
1481099926
Hero Member
*
Offline Offline

Posts: 1481099926

View Profile Personal Message (Offline)

Ignore
1481099926
Reply with quote  #2

1481099926
Report to moderator
1481099926
Hero Member
*
Offline Offline

Posts: 1481099926

View Profile Personal Message (Offline)

Ignore
1481099926
Reply with quote  #2

1481099926
Report to moderator
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
1481099926
Hero Member
*
Offline Offline

Posts: 1481099926

View Profile Personal Message (Offline)

Ignore
1481099926
Reply with quote  #2

1481099926
Report to moderator
publio
Member
**
Offline Offline

Activity: 64


View Profile
May 09, 2012, 02:42:02 AM
 #2

The bitcoin wiki is a good place to start:

https://en.bitcoin.it/wiki/Introduction

A non-comprehensive list of businesses that accept bitcoin:

https://en.bitcoin.it/wiki/Trade

Welcome.

i_rape_bitcoins
Member
**
Offline Offline

Activity: 70



View Profile
May 09, 2012, 02:45:14 AM
 #3

The bitcoin wiki is a good place to start:

https://en.bitcoin.it/wiki/Introduction

A non-comprehensive list of businesses that accept bitcoin:

https://en.bitcoin.it/wiki/Trade

Welcome.

Ok, so I've read "Basic Concepts", but doesn't using bitcoin make it fall into both a currency and a bank? I can keep money the software wallet, and I can get the money wherever I go.  Huh

~I_RAPE_BITCOINS~
publio
Member
**
Offline Offline

Activity: 64


View Profile
May 09, 2012, 03:39:03 AM
 #4

The wallet contains a list of private keys for each of your bitcoin addresses.  As long as you control the private key of an address, you can sign a transaction and send bitcoins to another address.  People can send you money, if you give them an address. 

The bitcoin client lets you send and receive money (bitcoins).  This is only one of the functions of a bank.

i_rape_bitcoins
Member
**
Offline Offline

Activity: 70



View Profile
May 09, 2012, 04:00:50 AM
 #5

The wallet contains a list of private keys for each of your bitcoin addresses.  As long as you control the private key of an address, you can sign a transaction and send bitcoins to another address.  People can send you money, if you give them an address. 

The bitcoin client lets you send and receive money (bitcoins).  This is only one of the functions of a bank.

Could you explain what a private key is?

~I_RAPE_BITCOINS~
nckrazze
Sr. Member
****
Offline Offline

Activity: 294



View Profile
May 09, 2012, 04:06:47 AM
 #6

The wallet contains a list of private keys for each of your bitcoin addresses.  As long as you control the private key of an address, you can sign a transaction and send bitcoins to another address.  People can send you money, if you give them an address. 

The bitcoin client lets you send and receive money (bitcoins).  This is only one of the functions of a bank.

Could you explain what a private key is?

Private keys include your bitcoin wallet address where people can send you bitcoins if you provide them with that, and there are also transaction keys, that verify whether or not you had a certain transaction.
Phinnaeus Gage
Legendary
*
Offline Offline

Activity: 1302


Bitcoin: An Idea Worth Spending


View Profile
May 09, 2012, 04:08:29 AM
 #7

The wallet contains a list of private keys for each of your bitcoin addresses.  As long as you control the private key of an address, you can sign a transaction and send bitcoins to another address.  People can send you money, if you give them an address. 

The bitcoin client lets you send and receive money (bitcoins).  This is only one of the functions of a bank.

Could you explain what a private key is?

https://www.google.com/search?sourceid=chrome&ie=UTF-8&q=%22a+private+key+is%22+bitcoin
rooflez
Newbie
*
Offline Offline

Activity: 22


View Profile
May 09, 2012, 05:25:43 AM
 #8

Mining is basically like actual mining (in its simplest form)

You basically "mine" for blocks of bitcoins, which get distributed out to the miners.

Kinda like mining for gold.
OutputKnight
Newbie
*
Offline Offline

Activity: 9


View Profile
May 10, 2012, 04:02:52 PM
 #9

Is I understand mining is what makes it impossible to grant yourself 999 bitcoins even when you have access to the source code of the client. Mining is a process of solving a problem by brute force. The difficulty of the problem is automatically adjusted so that it takes on average 10 min to produce a block. Whoever gets lucky to solve the problem, gets privilege of generating a next block and 50 bitcoins bonus. A block is a list of transactions considered as valid.

So if you try to add yourself 999 bitcoins, it will be a random person who will validate your transaction. And then his/her validation will be followed by 3-6 validations by next randomly selected miners.

All donations will be used for rock, drugs and women: 1MYwkQ8ZafkEnppxAHb2JJvLAfyEjdGdyL
arby
Donator
Member
*
Offline Offline

Activity: 112


keybase.io/arblarg


View Profile
May 11, 2012, 10:37:32 AM
 #10

side note: a very colourful nickname/username, i was imagining how could someone rape a bitcoin

Jabber/XMPP: arby@darkness.su
mini_lol
Jr. Member
*
Offline Offline

Activity: 42



View Profile
May 11, 2012, 10:40:49 AM
 #11

its nice seeing this people helping newbie Cheesy like me thanks for all the info =)

Donate is Welcome
183uT3VX2dqyj5x1gnuUDddgL5dRNtLmX1

success deal with fankih (steamgames)mw3
sucess deal with easyat(100newegg)
sucess deal with bitcoin2cash (minecraft)(3 steamgames)
sucess deal with anthony_ (minecraft)
sucess deal with AncientX(steam games) Cs/day of defeat
OTC http://bitcoin-otc.com/viewratingdetail.php?nick=mini_lol
Pages: [1]
  Print  
 
Jump to:  

Sponsored by , a Bitcoin-accepting VPN.
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!