/r/Bitcoin

Subscribe to /r/Bitcoin feed
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.Bitcoin - The Currency of the Internet
Updated: 1 day 15 hours ago

What we see now...

Wed, 01/17/2018 - 07:10

... is an opportunity to post all the 10k memes you didn't have time to show last month.

submitted by /u/RightIsTheName
[link] [comments]

You're all doing it wrong; Don't Hodl, Buy!

Wed, 01/17/2018 - 04:15

Disclaimer 1: posting from mobile, please excuse formatting

Disclaimer 2: I am not responsible for your financial mistakes, this is an opinion post from an enthusiast; I am not a financial advisor.

If you bought 1 BTC at £15000, and, now the price is falling, then buy another 1 BTC at £7500, that's you now own 2BTC at a cost of £22500, or £11250 each.

Buying more bitcoin when its price is lower than your average will pull the average cost of your purchases down. Which means your sell point (If you have one) for break even also comes down.

Also, by buying more bitcoin, you give a little kick to the price to help it rise.

So if you are worried about losing your money, don't panic sell, buy!

submitted by /u/dijumx
[link] [comments]

Don't panic, just learn. Sixty free lectures from Princeton on bitcoin and cryptocurrencies. Total time 13hr 20min. Links in post.

Tue, 01/16/2018 - 23:58

This video series is available with a community and some assignments on Coursera. For extra creddit the professors wrote a book to go with the course. Free pre-release pdf, Amazon hardcover and digital, as well as Chinese, and Japanese translations.

Enjoy :)

Intro to Crypto and Cryptocurrencies

1.0 Welcome - 2 mins
1.1 Cryptographic Hash Functions - 18 mins
1.2 Hash Pointers and Data Structures - 8 mins
1.3 Digital Signatures - 9 mins
1.4 Public Keys as Identities - 5 mins
1.5 A Simple Cryptocurrency - 14 mins

How Bitcoin Achieves Decentralization

2.1 Centralization vs. Decentralization - 4 mins
2.2 Distributed Conesensus - 13 mins
2.3 Consensus Without Identity: the Blockchain - 17 mins
2.4 Incentives and Proof of Work - 19 mins
2.5 Putting It All Together - 18 mins

Mechanics of Bitcoin

3.1 Bitcoin Transactions - 11 mins
3.2 Bitcoin Scripts - 15 mins
3.3 Applications of Bitcoin Scripts - 14 mins
3.4 Bitcoin Blocks - 5 mins
3.5 The Bitcoin Network - 18 mins
3.6 Limitations & Improvements - 11 mins

How to Store and Use Bitcoin

4.1 How to Store and Use Bitcoins - 6 mins
4.2 Hot and Cold Storage - 13 mins
4.3 Splitting and Sharing Keys - 11 mins
4.4 Online Wallets and Exchanges - 19 mins
4.5 Payment Services - 8 mins
4.6 Transaction Fees - 5 mins
4.7 Currency Exchange Markets - 16 mins

Bitcoin Mining

5.1 The Task of Bitcoin Miners - 10 mins
5.2 Mining Hardware - 23 mins
5.3 Energy Consumption & Ecology - 14 mins
5.4 Mining Pools - 14 mins
5.5 Mining Incentives and Strategies - 23 mins

Bitcoin and Anonymity

6.1 Anonymity Basics - 26 mins
6.2 How to De-anonymize Bitcoin - 18 mins
6.3 Mixing - 21 mins
6.4 Decentralized Mixing - 14 mins
6.5 Zerocoin and Zerocash - 19 mins
6.6 Tor and the Silk Road - 11 mins

Community, Politics, and Regulation

7.1 Consensus in Bitcoin - 6 mins
7.2 Bitcoin Core Software - 10 mins
7.3 Stakeholders: Who's in Charge - 9 mins
7.4 Roots of Bitcoin - 9 mins
7.5 Governments Notice Bitcoin - 9 mins
7.6 Anti Money-Laundering - 5 mins
7.7 Regulation - 11 mins
7.8 New York's BitLicense Proposal - 10 mins

Alternative Mining Puzzles

8.1 Essential Puzzle Requirements - 5 mins
8.2 ASIC Resistant Puzzles - 13 mins
8.3 Proof-of-useful-work - 9 mins
8.4 Nonoutsourceable Puzzles - 7
8.5 Proof-of-Stake "Virtual Mining" - 8 mins

Bitcoin as a Platform

9.1 Bitcoin as an Append-Only Log - 16 mins
9.2 Bitcoin as Smart Property - 16 mins
9.3 Secure Multi-Party Lotteries in Bitcoin - 10 mins
9.4 Bitcoin as Randomness Source - 18 mins
9.5 Prediction Markets & Real-World Data Feeds - 23 mins

Altcoins and the Cryptocurrency Ecosystem

10.1 Short History of Altcoins - 21 mins
10.2 Interaction Between Bitcoin and Altcoins - 15 mins
10.3 Lifecycle of an Altcoin - 15 mins
10.4 Bitcoin-Backed Altcoins, "Side Chains" - 11 mins

The Fututre of Bitcoin?

11.1 The Blockchain as a Vehicle for Decentralization - 14 mins
11.2 Routes to Blockchain Integration - 28 mins
11.3 What Can We Decentralize? - 24 mins
11.4 When is Decentralization a Good Idea? - 16 mins

submitted by /u/ccjunkiemonkey
[link] [comments]

The art of hodling

Tue, 01/16/2018 - 22:14

Hodl through

Tue, 01/16/2018 - 20:58

Do you know why Bitcoiners wants Lamborghinis?

Tue, 01/16/2018 - 18:58

Cause Ferrari major shareholders is Fiat.

submitted by /u/Lexa_Stanton
[link] [comments]

r/Economics: Where a 5 year old story on Mt. Gox gets hundreds of upvotes, but a recent paper from the Fed that claims crypto and Bitcoin are legitimate assets gets ignored.

Tue, 01/16/2018 - 18:05

Recently clicked on the top post story over there thinking there had been another big hack or something. But lo and behold they are still obsessing over the Mt. Gox debacle. So I thought I'd test and see if I could prove their bias by posting a recent paper from the Federal Reserve Bank of St. Louis that states "in some ways, Bitcoin is more robust than fiat" and, "crypto assets are posied to become a welcome and important asset class."

To no surprise my post has remained at 1 upvote after dozens of views and being on the subs front page.

https://np.reddit.com/r/Economics/comments/7qv2c1/st_louis_fed_in_some_ways_bitcoin_is_more_robust/?ref=share&ref_source=link

submitted by /u/JimGusa
[link] [comments]

Pages