Welcome to AllTheBitcoins: The subreddit appealing to supporters of all the competing implementations and forks of Bitcoin. You are welcome here no matter who you side with or which chain you consider to be the proper Bitcoin design.
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What is Bitcoin and How does it work [ALL YOU NEED TO KNOW] How to get Bitcoins,What is a Bitcoin wallet,Bitcoin price variation with time:How fast does the Bitcoin price change,What causes Bitcoin to go up and down(Factors affecting Bitcoin price),Bitcoin speculations,Bitcoin Halving
Alright, My Xbox gave in, so I might as well, too. Can I please get a basic rundown of what bitcoin is, how I "do" it, and anything else a newbie needs to know
I know it is an online currency, but my knowledge of bitcoin pretty much stops there. I've heard things about mining it, which makes zero sense to me since it is "online magic money" as I see in the ads on reddit. Can someone help a bitcoin newbie figure out what all of this is about and how to join in?
12-01 04:12 - 'I was trading on bittrex and byaccidently sold my VTC for tether (USDT) I cannot trade it on bittrex, tether.to site is down... what do i do? How do i get my money out???' (self.Bitcoin) by /u/btcbenny removed from /r/Bitcoin within 1359-1369min
Been reading for a while, but have more questions than answers. I need a one-and-done, from-the-ground-up, practical, in-depth, layman's guide for Bitcoin. What it is, how it works, what it means in the long run, how to get started.
Basically a Bitcoin for Dummies, but it looks like that hasn't been published yet. No ELI5s. I need layman's terms. All the ELI5 posts actually explain it like I'm five, with convoluted metaphors involving actual mining, etc., and that's kind of useless. I need an in-depth guide (or book recommendation) that explains all of it in simple terms, like Feynman explaining physics or this film from the 1930s explaining how a differential works. I need the math explained, too. Not all of it, just the essentials to understanding how Bitcoin works. I need to know what it means in terms economics, finance, and investing, too, but most of all, it needs to be from the ground up: laying the pieces out, explaining them, showing me how they all work. Simple and complete. Thanks! EDIT: I will read whatever is sent my way, so if you aren't sure if I can use it, I'll take a look anyway.
08-07 22:12 - 'I think its a great example of how it is impossible to have complete consensus. / I do not want a 2mb fork yet. / But that is what we are getting from the miners, and since I recognize we will eventually need a 2mb fork and I f...' by /u/joyrider5 removed from /r/Bitcoin within 0-8min
''' I think its a great example of how it is impossible to have complete consensus. I do not want a 2mb fork yet. But that is what we are getting from the miners, and since I recognize we will eventually need a 2mb fork and I find it to be reasonable, I will accept the 2mb fork as bitcoin as long as nothing major changes. I think there will be people who push a PoW change, such as lukejr. Much like the bcash fork, I think the PoW change fork may be harmful to the community, but an inevitable result of decentralization. If I am happy with the new PoW strategy taken and the naming of the new coin I will not sell it. My biggest fear is not these forks, my biggest fear is that community division is being driven by the enemies of bitcoin, ie divide and conquer. Right now I see the most toxicity coming from people like Roger Ver. I think we should all lean towards staying together even if it means you aren't getting 100% what you want. I don't want big blocks, but I find 2mb to be acceptable block size, and I appreciate how difficult it was to get jihan and other miners to give up their use of asicboost and transaction malleability exploits and support segwit and compromise had to be made. The real problem here is not the compromise: the real problem is the glitches in original bitcoin protocol (asicboost and transaction malleability) and the compromise is the solution to these glitches that has the greatest chance of keeping the community intact against its enemies. Thus I hope the community supports the compromise segwit2x. Another driving factor to my support of segwit2x is I do not think miners should go back on their word. If they promised something they should go through with it, period. This is professionalism and ethics. ''' Context Link Go1dfish undelete link unreddit undelete link Author: joyrider5
How does sending a free transaction work? How is it determined whether a free transaction will go through or not? And what if it doesn't meet that requirement, does the bitcoin get bounced back to your address?
08-05 09:02 - 'Ffs you stupid fkrs never let up. You clearly don't have a single fkn clue how the system even works. What the fk is wrong with you? Were you dropped in your head as a kid? / Get it in to your thin and pointy head that...' by /u/Frogolocalypse removed from /r/Bitcoin within 219-224min
''' Ffs you stupid fkrs never let up. You clearly don't have a single fkn clue how the system even works. What the fk is wrong with you? Were you dropped in your head as a kid? Get it in to your thin and pointy head that channels work by aggregating txns in a cryptographically secure channel, and then commits these to the chain in a single commit. Thats how the fkn things work and it isn't that complex an idea either. ''' Context Link Go1dfish undelete link unreddit undelete link Author: Frogolocalypse
It takes about a year for a normal human being to really get a grip on what bitcoin is and rethink how money could possibly be. It's time to bring in 2016 folks....wall street is beginning to understand now. /r/btc
I was shooting heroin and reading “The Fountainhead” in the front seat of my privately owned police cruiser when a call came in. I put a quarter in the radio to activate it. It was the chief. “Bad news, detective. We got a situation.” “What? Is the mayor trying to ban trans fats again?” “Worse. Somebody just stole four hundred and forty-seven million dollars’ worth of bitcoins.” The heroin needle practically fell out of my arm. “What kind of monster would do something like that? Bitcoins are the ultimate currency: virtual, anonymous, stateless. They represent true economic freedom, not subject to arbitrary manipulation by any government. Do we have any leads?” “Not yet. But mark my words: we’re going to figure out who did this and we’re going to take them down … provided someone pays us a fair market rate to do so.” “Easy, chief,” I said. “Any rate the market offers is, by definition, fair.” He laughed. “That’s why you’re the best I got, Lisowski. Now you get out there and find those bitcoins.” “Don’t worry,” I said. “I’m on it.” I put a quarter in the siren. Ten minutes later, I was on the scene. It was a normal office building, strangled on all sides by public sidewalks. I hopped over them and went inside. “Home Depot™ Presents the Police!®” I said, flashing my badge and my gun and a small picture of Ron Paul. “Nobody move unless you want to!” They didn’t. “Now, which one of you punks is going to pay me to investigate this crime?” No one spoke up. “Come on,” I said. “Don’t you all understand that the protection of private property is the foundation of all personal liberty?” It didn’t seem like they did. “Seriously, guys. Without a strong economic motivator, I’m just going to stand here and not solve this case. Cash is fine, but I prefer being paid in gold bullion or autographed Penn Jillette posters.” Nothing. These people were stonewalling me. It almost seemed like they didn’t care that a fortune in computer money invented to buy drugs was missing. I figured I could wait them out. I lit several cigarettes indoors. A pregnant lady coughed, and I told her that secondhand smoke is a myth. Just then, a man in glasses made a break for it. “Subway™ Eat Fresh and Freeze, Scumbag!®” I yelled. Too late. He was already out the front door. I went after him. “Stop right there!” I yelled as I ran. He was faster than me because I always try to avoid stepping on public sidewalks. Our country needs a private-sidewalk voucher system, but, thanks to the incestuous interplay between our corrupt federal government and the public-sidewalk lobby, it will never happen. I was losing him. “Listen, I’ll pay you to stop!” I yelled. “What would you consider an appropriate price point for stopping? I’ll offer you a thirteenth of an ounce of gold and a gently worn ‘Bob Barr ‘08’ extra-large long-sleeved men’s T-shirt!” He turned. In his hand was a revolver that the Constitution said he had every right to own. He fired at me and missed. I pulled my own gun, put a quarter in it, and fired back. The bullet lodged in a U.S.P.S. mailbox less than a foot from his head. I shot the mailbox again, on purpose. “All right, all right!” the man yelled, throwing down his weapon. “I give up, cop! I confess: I took the bitcoins.” “Why’d you do it?” I asked, as I slapped a pair of Oikos™ Greek Yogurt Presents Handcuffs® on the guy. “Because I was afraid.” “Afraid?” “Afraid of an economic future free from the pernicious meddling of central bankers,” he said. “I’m a central banker.” I wanted to coldcock the guy. Years ago, a central banker killed my partner. Instead, I shook my head. “Let this be a message to all your central-banker friends out on the street,” I said. “No matter how many bitcoins you steal, you’ll never take away the dream of an open society based on the principles of personal and economic freedom.” He nodded, because he knew I was right. Then he swiped his credit card to pay me.
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