Bitcoin Use on Darknet Markets Jumps 65% in First Quarter ...

Bitcoin - The Currency of the Internet

A community dedicated to Bitcoin, the currency of the Internet. Bitcoin is a distributed, worldwide, decentralized digital money. Bitcoins are issued and managed without any central authority whatsoever: there is no government, company, or bank in charge of Bitcoin. You might be interested in Bitcoin if you like cryptography, distributed peer-to-peer systems, or economics. A large percentage of Bitcoin enthusiasts are libertarians, though people of all political philosophies are welcome.
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Bitcoin for Beginners

Bitcoin for Beginners is a subreddit for new users to ask Bitcoin related questions. **Do not respond to strangers direct messaging you, as over 99% of these people are Scammers.** This subreddit allows open discussion where peer review occurs. /BitcoinBeginners is not for posting new websites, memes, faucets, affiliate links, news, concern trolling, blog articles, or promoting altcoins and ICOs. **Bitcoin related Questions only** No url shorteners (auto spam)
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Bitcoin - The Internet of Money

/btc was created to foster and support free and open Bitcoin discussion about cryptocurrency, Bitcoin news, and exclusive AMA (Ask Me Anything) interviews from top Bitcoin and cryptocurrency leaders. Bitcoin is the currency of the Internet. A distributed, worldwide, decentralized digital money. Unlike traditional currencies such as dollars, bitcoins are issued and managed without the need for any central authority whatsoever. Learn more about Bitcoin, Bitcoin Cash, cryptocurrency, and more.
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Bitcoin Use By Small Businesses Surges in Africa

Bitcoin Use By Small Businesses Surges in Africa submitted by FloridaBitcoiner to Bitcoin [link] [comments]

Why does Bitcoin use math and not something else to conduct transactions?

This is a purely theoretical question about the design of the technology (disclaimer: I do not know much about tech/engineering or anything). Why is math used to validate transactions on the network? What is the significance of the math itself? Is it just the case that math problems have universal answers and are solved in the same language worldwide (opposed to other languages like English, German, etc that not everyone speaks) and as such math makes for a good code? (If so, couldn't the designers of Bitcoin have made this code something else like problems of formal logic instead of math?) Or, is it the case that math actually does some specific function that only math can do?
TLDR: is the math used to validated transactions: because (a) it is an arbitrary phenomenon that logistically works or (b) because the specific equations actually do something or (c) something else?
submitted by treboy123 to BitcoinBeginners [link] [comments]

Bitcoin Use By Small Businesses Surges in Africa

Bitcoin Use By Small Businesses Surges in Africa submitted by nanooverbtc to CryptoCurrency [link] [comments]

Cost Effective Bitcoin Use: hardware wallet & own node

Cost Effective Bitcoin Use: hardware wallet & own node submitted by stephanlivera to Bitcoin [link] [comments]

Serious question about bitcoin use in 30 years - If bitcoin stabilizes and becomes a deflationary currency, what will incentivize you to ever lend your bitcoin to a new small business owner?

If the rate of deflation is such that the value of your bitcoin increases a certain percent every year, let's say 15%, why would you ever bother lending bitcoin to new small business owners?
I'm curious how the economic system would work in this situation. What would it actually look like?
Is this just a case of higher interest rates for lending out bitcoin?
For example. If you can get 15% through deflation without lending your money, then you would need to lend out at a high enough interest rate so that your return would exceed the automatic deflationary increase of 15%?
Is that the basics of it? So the interest rate of borrowing bitcoin would effectively always be related to the deflation of bitcoin and the inflation from new supply. Whatever that balances out to? (Assuming overall demand has somewhat stabilized through the economy by then so you don't get huge price swings.)
submitted by bearCatBird to Bitcoin [link] [comments]

Stop Using Weak Money Like U.S. Dollar for Pricing Bitcoin, Use Gold Instead for More Accuracy

Stop Using Weak Money Like U.S. Dollar for Pricing Bitcoin, Use Gold Instead for More Accuracy submitted by sylsau to Bitcoin [link] [comments]

Pi is a cryptocurrency created by Stanford PhDs to make crypto mining accessible to everyone and also easy to do so. It might be used for buying goods and services in the future, like Bitcoin. use my referral to receive 1 free Pi: minepi.com/NELSONTHAI

submitted by Nos1ter to CryptoCurrencyTrading [link] [comments]

Pi is a cryptocurrency created by Stanford PhDs to make crypto mining accessible to everyone and also easy to do so. It might be used for buying goods and services in the future, like Bitcoin. use my referral to receive 1 free Pi: minepi.com/NELSONTHAI

submitted by Nos1ter to Crypto_General [link] [comments]

Pi is a cryptocurrency created by Stanford PhDs to make crypto mining accessible to everyone and also easy to do so. It might be used for buying goods and services in the future, like Bitcoin. use my referral to receive 1 free Pi: minepi.com/NELSONTHAI

submitted by Nos1ter to CryptocurrencyICO [link] [comments]

Pi is a cryptocurrency created by Stanford PhDs to make crypto mining accessible to everyone and also easy to do so. It might be used for buying goods and services in the future, like Bitcoin. use my referral to receive 1 free Pi: minepi.com/NELSONTHAI

submitted by Nos1ter to BytecoinBCN [link] [comments]

Pi is a cryptocurrency created by Stanford PhDs to make crypto mining accessible to everyone and also easy to do so. It might be used for buying goods and services in the future, like Bitcoin. use my referral to receive 1 free Pi: minepi.com/NELSONTHAI

submitted by Nos1ter to CryptoAirdrop [link] [comments]

Bitcoin use rise in Egypt amid economic recession

Bitcoin use rise in Egypt amid economic recession submitted by bitdex to Crypto_Currency_News [link] [comments]

Bitcoin use rise in Egypt amid economic recession

submitted by InTheKnow_2016 to mrcryptolive [link] [comments]

Bitcoin use rise in Egypt amid economic recession

Bitcoin use rise in Egypt amid economic recession submitted by none7987 to Bitcointe [link] [comments]

Bitcoin use rise in Egypt amid economic recession (x-post from /r/Cryptocurrency)

Bitcoin use rise in Egypt amid economic recession (x-post from /Cryptocurrency) submitted by ASICmachine to CryptoCurrencyClassic [link] [comments]

Bitcoin use rise in Egypt amid economic recession

Bitcoin use rise in Egypt amid economic recession submitted by a36 to AllThingsCrypto [link] [comments]

Bitcoin use rise in Egypt amid economic recession

Bitcoin use rise in Egypt amid economic recession submitted by raaner12 to Altcoinss [link] [comments]

Bitcoin use rise in Egypt amid economic recession

This post was originally published on this siteThis post was originally published on this site As the COVID-19 pandemic pushed the Egyptian economy into recession and deepening unemployment, more and more Egyptians see the benefits of trading and mining Bitcoin as an alternative source of income. According to Al-Monitor, many Egyptians, particularly young people, are interested in cryptocurrencies. Wael al-Nahhas, an economist […]
submitted by FuzzyOneAdmin to fuzzyone [link] [comments]

Bitcoin use rise in Egypt amid economic recession

Bitcoin use rise in Egypt amid economic recession submitted by cryptoallbot to cryptoall [link] [comments]

Fiat is Trash: A Simple Way to Understand Bitcoin's Use Case

I used to hear Bitcoiners say Fiat is trash. I just got the chance to experience it first hand.

Before COVID
NGN370 = $1
Today's Rate
NGN470 = $1
Many became poor right in front of their eyes, and without even knowing it.
Bitcoin is an excellent hedge against currency devaluation such as the one that has rocked Nigeria since the COVID-craze started.
That is the use case!
submitted by wmredditor to CryptoCurrency [link] [comments]

Cost Effective Bitcoin Use: hardware wallet & own node (x-post from /r/Bitcoin)

Cost Effective Bitcoin Use: hardware wallet & own node (x-post from /Bitcoin) submitted by ASICmachine to CryptoCurrencyClassic [link] [comments]

is it possible to buy bitcoin using my chase bank account only on cashapp?

is it possible to buy bitcoin using my chase bank account only on cashapp?
submitted by I-AmNot-Black-IAm-OJ to CashApp [link] [comments]

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To use Bitcoin, start by purchasing some Bitcoins online, through a trading exchange, or using a Bitcoin ATM. Then, get a digital wallet on your phone or computer, which is where you'll store your Bitcoins. Once you have some Bitcoins, you can make purchases with them, trade them for other cryptocurrencies, or hold onto them in hopes that their value will increase over time. If the value of ... While you’re at it, you can use bitcoin to top-up your prepaid SIM card with CryptoRefills. Just enter your phone number, the amount you want to top-up, and pay with bitcoin. You can even send money to family or friends abroad to top-up their SIM card. This is especially useful in places where the financial infrastructure is limited. If you are a gamer, CryptoRefills also allows you to use ... Growing Use of Mixers by Darknet Entities. The Crystal Blockchain analytics team also found that the amount of bitcoin sent to exchanges requiring KYC verification fell during the quarter. Unfortunately, Bitcoin payment is currently only accepted for hotel bookings. eGifter. eGifter is an online service that allows you to use your hard-earned Bitcoins to purchase gift cards from places that don’t directly accept Bitcoins, such as Amazon, JCPenny, Sephora, Home Depot, Kohl’s and many others. Just like Expedia and Overstock ... Bitcoin is different than what you know and use every day. Before you start using Bitcoin, there are a few things that you need to know in order to use it securely and avoid common pitfalls. Read more. Choose your wallet. Free bitcoin wallets are available for all major operating systems and devices to serve a variety of your needs. For example, you can install an app on your mobile device for ...

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How to EARN BITCOIN using COINS.PH 2020 (Step by Step ...

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