Uses of Bitcoin - CryptoCurrency Facts

New to Bitcoin? Confused? Need help? You've come to the right place.

Bitcoin is an internet based decentralised currency. Similarly to Bittorrent, but Bitcoin uses a public ledger called the blockchain to record who has sent and received money. It's very new, and for many very confusing. BitcoinHelp aims to rectify this. Whether it be explaining how it works, how to use it, how to buy Bitcoins, how to integrate Bitcoins into your business. Sharing your successes as well as failures in order to help others is also gladly received. Ask away!
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Nutcoin

Nutcoin - The Anti Scarcity Stabilized Currency
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10-25 16:27 - 'Who wants a currency that has unreasonable transaction fees? / At once point bitcoin used to want to be money. Now you just see it as an "asset." Something to be speculated. Is that really all you want from bitcoin? / Mo...' by /u/truthtortoise removed from /r/Bitcoin within 93-103min

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Who wants a currency that has unreasonable transaction fees?
At once point bitcoin used to want to be money. Now you just see it as an "asset." Something to be speculated. Is that really all you want from bitcoin?
Monero transactions are less than a penny
'''
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Author: truthtortoise
submitted by removalbot to removalbot [link] [comments]

Am I the only one who thinks bitcoin won't be used as a currency... (x-post from /r/Bitcoin)

submitted by ASICmachine to CryptoCurrencyClassic [link] [comments]

People who say BTC is a store of value have no idea how Bitcoin first took off - because of Silk Road. Nobody in his right mind would have gambled on a coin which almost literally came out of thin air and wasn't used for anything, but actually having a use case made it a real currency.

One study estimated most of the of coins mined at the time (circa 2013) went through SR , so most of its use case was a currency - the complete opposite of what Core pushes it to be now.
submitted by unitedstatian to btc [link] [comments]

As a couple of 21 year olds who dreamed of using bitcoin as a currency, we're actually doing something about it!

As a couple of 21 year olds who dreamed of using bitcoin as a currency, we're actually doing something about it! submitted by agnjkafgh to Bitcoin [link] [comments]

What are the main advantages of using bitcoin over traditional currency for the ‘average Joe’ who might not care about so much about privacy?

I was talking with a few friends about the benefits of bitcoin, and we can all see the huge benefits both now and in the future. But we struggled to see how the everyday person would see a significant benefit to using it over fiat.
Let’s pretend prices have been fairly stable and they cannot generate huge wealth from the price growth of BTC, and let’s also assume this person, who posts on Facebook and gives their data out online everyday, cares little for or does not understand the benefits of online privacy/anonymity. With these factors in place what would make the ‘average joe’ use Bitcoin?
Thanks in advance!
submitted by stephen8532 to Bitcoin [link] [comments]

11-13 06:53 - 'elon musk is an idiot who tried and had to use literal USD as their digital currency' by /u/XSSpants removed from /r/Bitcoin within 477-487min

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elon musk is an idiot who tried and had to use literal USD as their digital currency
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Bitcoin is a fraud that will ultimately blow up, according to JP Morgan boss Jamie Dimon, who said the digital currency was only fit for use by drug dealers, murderers and people living in places such as North Korea.

submitted by madam1 to worldnews [link] [comments]

Can a country who's inflation rate is astronomically high like Vietnam just make a new currency, like how Bitcoin was just created out of nowhere, and use that as their standard instead?

Secondary question, could the US buy Bitcoins and use those to pay off the national debt?
Hows about using said purchased Bitcoin or other crypto currency for any future projects/endeavors?
submitted by Xiaxs to NoStupidQuestions [link] [comments]

Business who not have access to a point of sale, may use KOI POS to receive payments for goods & services, pay their suppliers or exchange KOI for FIAT currency in exchange https://koitechstudios.com/ #KOI #KOITOKEN #Crypto #Blockchain #ethereum #bitcoin #ether #cryptocurrency #tokensale

Business who not have access to a point of sale, may use KOI POS to receive payments for goods & services, pay their suppliers or exchange KOI for FIAT currency in exchange https://koitechstudios.com/ #KOI #KOITOKEN #Crypto #Blockchain #ethereum #bitcoin #ether #cryptocurrency #tokensale submitted by denzkilim to TopICOlist [link] [comments]

For those who are design-minded=> Another reason why Bitcoin will continue to undercut Dollars: The upcoming use of Treasury Secretary Steve Mnuchin's print signature on all U.S. paper currency

For those who are design-minded=> Another reason why Bitcoin will continue to undercut Dollars: The upcoming use of Treasury Secretary Steve Mnuchin's print signature on all U.S. paper currency submitted by NastyGuyFromCanada to Bitcoin [link] [comments]

It seems like there's a none-trivial number of people who think Bitcoin can be an excellent store of value without being a widely used currency. These people are also insane.

Integral to the blocksize debate is an argument often repeated:
"We don't need to buy coffee with bitcoin. In fact, not pizza either (gasp), nothing day-to-day; bitcoin can be an excellent store of value just by the virtue that there's a limited supply and that it can be moved free of censorship".
These people have no idea how money actually works.
Think about it. Nobody holds money just for the sake of it. People don't hold gold because they think it's shiny; people hold gold because other people also want it, and you expect that you can exchange gold for something you want in the future.
If you cannot exchange your money for something you want, the money is worthless. Absolutely worthless.
There are two ways one can exchange Bitcoin for goods and services (in other words, "stuff you want"):
How does that relate to the debate we have?
The one advantage Bitcoin has is that it's tremendously hard to censor.
But as seen time and again, in a world where the government is slowly waking up to the threat of alternative currencies, there is one very easy way to censor Bitcoin: Ban and prosecute the exchanges. Make it difficult to go in and out of Bitcoin-land by controlling the fiat side. That is easy. Banning exchanges is easy.
Nope, trading locally doesn't really work if Localbitcoins is banned and Mycelium censored. Bitcoin exchanges operating like drug-peddling is horrible.
What does that leave us? Well, Bitcoiners say, we can directly exchange our coins for goods and services! It's almost impossible to peek into every business transaction to see if Bitcoins changed hand! I can just go out and have a coffee and buy my pizza and get my groceries with Bitcoin...
Wait, that's exactly the kind of thing they want to make so expensive, it's unfeasible to do in Bitcoin. They want transaction fees high enough to kill uses that's not "I wanna transfer my wealth".
So then we have a form of money that is difficult to exchange into another currency that's more widely acceptable, and it's also too expensive to exchange for everyday things that you want. What does that leave us?
Naturally, this money will be worthless. It's insane to think otherwise.
Nope, you cannot have a store of value before you have a widespread currency. A high-fee, low-transaction future doesn't work. Small blocks that just let you HODL forever without doing anything useful doesn't work.
I rest my case.
submitted by imaginary_username to bitcoinxt [link] [comments]

Hi. Does anyone know where to buy bitcoin online from Dubai. I have friends who use Coinbase but unfortunately coinbase doesn't work in Dubai. I need an exchange where I can buy multiple type of crypto currency from debit or credit card and receive and send the currency to people.

submitted by darkthat to Bitcoin [link] [comments]

As a couple of 21 year olds who dreamed of using bitcoin as a currency, we're actually doing something about it! https://t.co/AQ21pEU1fm - Crypto Dynamic Info - Whales's

Posted at: February 23, 2019 at 01:50PM
By:
As a couple of 21 year olds who dreamed of using bitcoin as a currency, we're actually doing something about it! https://t.co/AQ21pEU1fm
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submitted by cryptotradingbot to cryptobots [link] [comments]

As a couple of 21 year olds who dreamed of using bitcoin as a currency, we're actually doing something about it! /r/Bitcoin

As a couple of 21 year olds who dreamed of using bitcoin as a currency, we're actually doing something about it! /Bitcoin submitted by ABitcoinAllBot to BitcoinAll [link] [comments]

As a couple of 21 year olds who dreamed of using bitcoin as a currency, we're actually doing something about it! /r/Bitcoin

As a couple of 21 year olds who dreamed of using bitcoin as a currency, we're actually doing something about it! /Bitcoin submitted by cryptoallbot to cryptoall [link] [comments]

The first and largest cryptocurrency, Bitcoin paved the way for hundreds of similar currencies and boasts a market cap of over $70 billion. Bitcoin was created by an unknown inventor who uses the pseudonym Satoshi Nakamoto.

The first and largest cryptocurrency, Bitcoin paved the way for hundreds of similar currencies and boasts a market cap of over $70 billion. Bitcoin was created by an unknown inventor who uses the pseudonym Satoshi Nakamoto. submitted by FuturesCoin to u/FuturesCoin [link] [comments]

Bitcoin is a fraud that will ultimately blow up, according to JP Morgan boss Jamie Dimon, who said the digital currency was only fit for use by drug dealers, murderers and people living in places such as North Korea.

This is the best tl;dr I could make, original reduced by 81%. (I'm a bot)
Bitcoin is a fraud that will ultimately blow up, according to JP Morgan boss Jamie Dimon, who said the digital currency was only fit for use by drug dealers, murderers and people living in places such as North Korea.
Speaking at a conference in New York, the boss of America's biggest bank said he would fire "In a second" anyone at the investment bank found to be trading in bitcoin.
Bitcoin is a virtual currency that emerged in the aftermath of the financial crisis.
The banker revealed his daughter had bought bitcoin: "It went up and she thinks she's a genius now."
Dimon's criticism of the currency coincided with a warning from the UK financial regulator against a speculative frenzy in initial coin offerings, where internet start-ups are funded by investors using cryptocurrencies such as bitcoin.
Yann Quelenn, an analyst at the online bank Swissquote, said bitcoin "Still has great potential".
Summary Source | FAQ | Feedback | Top keywords: Bitcoin#1 bank#2 currency#3 market#4 people#5
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submitted by autotldr to autotldr [link] [comments]

For those who are design-minded=> Another reason why Bitcoin will continue to undercut Dollars: The upcoming use of Treasury Secretary Steve Mnuchin's print signature on all U.S. paper currency

For those who are design-minded=> Another reason why Bitcoin will continue to undercut Dollars: The upcoming use of Treasury Secretary Steve Mnuchin's print signature on all U.S. paper currency submitted by BitcoinAllBot to BitcoinAll [link] [comments]

@AnnCoulter: RT @Shanehasabeard: Haha, I feel sorry for all you losers who missed out on the Bitcoin train. You should've bought in years ago, like me: A perfectly normal man who coincidentally hoarded a virtual currency during a time when it's only use was for sex trafficking and purchasing organs.

@AnnCoulter: RT @Shanehasabeard: Haha, I feel sorry for all you losers who missed out on the Bitcoin train. You should've bought in years ago, like me: A perfectly normal man who coincidentally hoarded a virtual currency during a time when it's only use was for sex trafficking and purchasing organs. submitted by thefeedbot to TheTwitterFeed [link] [comments]

Bitcoin mentioned around Reddit: Bitcoin is a fraud that will ultimately blow up, according to JP Morgan boss Jamie Dimon, who said the digital currency was only fit for use by drug dealers, murderers and people living in places such /r/worldnews

Bitcoin mentioned around Reddit: Bitcoin is a fraud that will ultimately blow up, according to JP Morgan boss Jamie Dimon, who said the digital currency was only fit for use by drug dealers, murderers and people living in places such /worldnews submitted by BitcoinAllBot to BitcoinAll [link] [comments]

Bitcoin is a fraud that will ultimately blow up, according to JP Morgan boss Jamie Dimon, who said the digital currency was only fit for use by drug dealers, murderers and people living in places such as North Korea.

Bitcoin is a fraud that will ultimately blow up, according to JP Morgan boss Jamie Dimon, who said the digital currency was only fit for use by drug dealers, murderers and people living in places such as North Korea. submitted by KellyfromLeedsUK to BreakingNews24hr [link] [comments]

Bitcoin mentioned around Reddit: Bitcoin is a fraud that will ultimately blow up, according to JP Morgan boss Jamie Dimon, who said the digital currency was only fit for use by drug dealers, murderers and people living in places such /r/worldnews

Bitcoin mentioned around Reddit: Bitcoin is a fraud that will ultimately blow up, according to JP Morgan boss Jamie Dimon, who said the digital currency was only fit for use by drug dealers, murderers and people living in places such /worldnews submitted by BitcoinAllBot to BitcoinAll [link] [comments]

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Bitcoin is the closest anything except the US dollar has ever come to being a de facto ‘global currency’. Yet no country officially accepts Bitcoin as legal tender. Now there are some countries, like Venezuala, that are teetering on the edge and may need to resort to using cryptocurrencies to replace its own fiat.But the reality is, Bitcoin is not an official currency in any country. Bill Gates has commented on Bitcoin many times saying things such as “Bitcoin is better than currency”. Overstock. Overstock is currently leading the way in the shopping and cryptocurrency field. Overstock goes as far to accept multiple kinds of cryptocurrency, not just bitcoins. Not only is Overstock accepting bitcoin but they are holding it too! Theses are the types of vendors that serve ... Adoption Bitcoin Magazine Crypto Use Cases. In this article, you will be introduced to 10 awesome uses for cryptocurrencies that will provide you with reasons to own them beyond just their ... Best Uses of Bitcoin Although it remains to be quite controversial in some circles, Bitcoin - which was invented in 2008 - has proven to be profitable for many traders. I believe this is because many recognize its benefits as we move forward in creating cashless societies. Some of the advantages of using Bitcoin are the following: 1. Bitcoin's peer-to-peer payment option allows users to make ... Bitcoin is a digital currency created in 2009 by a mysterious figure using the alias Satoshi Nakamoto. It can be used to buy or sell items from people and companies that accept bitcoin as payment ...

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The Truth About Bitcoin and why People Aren't Using It As ...

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