Bitcoin: How Cryptocurrencies Work

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 Mining Forums: Turning Computers Into Cash Since 2011

The official bitcoin mining forum / subreddit / chat room / place to be!
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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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2020's - Goodbye Government, Hello Bitcoin

As humans scale to unprecedented population numbers, it is apparent that institutions and governments cannot cope with the current model that has been established. They are mostly failing in every metric.
Every time an institution or government creates new rules, they are exploited. The rules are then patched, and new exploits are found. This game of 'whack a mole' and 'cat and mouse' ultimately leads to less freedom and sovereignty for the individual.
Furthermore, people are coerced to fund these ridiculous shenanigans through taxes with the threat of violence if they do not comply with the rules or cough up the tax bill.
This is not how a peaceful society operates. You cannot be threatening people with time in jail if they do not agree with your ill thought out policies and wish to opt-out.
The question now becomes, as the population grows, how do we create a functioning society that has strong incentives to behave in a certain way, without the need for a top-down authoritarian government with guns and cages if you do not wish to comply?
Bitcoin solves for this.
Bitcoin is the only viable and effective solution we have to defend (and defund) government over reach and create a level playing field. Humans have long needed a global currency to cooperate and incentivize. That global currency is Bitcoin.
Under a Bitcoin standard, a government would have to play by the rules of Bitcoin (just like everyone else) - meaning, they cannot print, double spend, steal or confiscate money at large scale to fund their absurd policies.
Their policies would be subject to the free market, an arena where the best ideas take center stage and compete for your money. If you've got a bad idea, it gets downvoted to oblivion, just like on Reddit. The government will have to spend their limited supply of Bitcoin to fund their policies, and if it's a bad policy, the government is held to account. There is a real opportunity cost to a government decision to forego Bitcoin. As a government, this opportunity cost does not currently exist for government issued and controlled supplies of money. This is the fundamental shift. We all report to the same Bitcoin profit and loss standard. Bitcoin has no super user admin privileges. No exceptions.
It is unlikely anything good will ever come out of government, and so government will eventually, over the long term, become irrelevant in transactions made over the Bitcoin network. Your political beliefs also become irrelevant. If you do not like a decision your government has made, don't worry, don't protest, don't lobby, don't bother with activism. Move on peacefully with Bitcoin.
Bitcoin makes government irrelevant not because people will starve them of taxes, but because government ideas cannot compete and respond to the very best in human innovation and ingenuity. They have never been able to. They always lag. The only way governments maintain their relevance is through theft of citizen's wealth with threats of violence if you do not comply. Boorish thuggery and bullying. That is their modus operandi.
Holding bitcoin changes this.
There are two things that are required for a structural positive change to society.
  1. One single global currency - Bitcoin
  2. Education of Bitcoin for the masses
If you are trading your time (Monday to Friday, 9-5) or your goods and services for government issued currency, you are getting massively ripped off. Government issued currency is worthless. It becomes more so day by day, year by year. Government currency is the biggest shitcoin on the planet.
Bitcoin is the only item on this planet that we can verify the total supply of at any point in time. This is huge. Recognize it. Acquire it by providing value to others. Use it to your advantage.
This is how we see a society move towards peace and prosperity.
Happy New Year! Looking forward to what the 2020s will bring!
submitted by Fair-Score to Bitcoin [link] [comments]

Hello Bitcoin

The fundamental aspects of Bitcoin.
Let's take these slides on the history of bitcoin.
#Money #History #Bitcoin #OpenFinance
Hello Bitcoin
submitted by CryptoCard7 to u/CryptoCard7 [link] [comments]

Internet won't work - prediction from 1995 :) Hello bitcoin

Internet won't work - prediction from 1995 :) Hello bitcoin submitted by assaad33 to Bitcoin [link] [comments]

Hello Bitcoin Community! I'm new and just bought 30 Bitcoins, what do I do now?

Bitcoin community is awesome! Love you guys! My friend told me that it's a good idea so I used all my life savings to buy it although it felt like I was stealing from someone. What do I have to do next?
EDIT: After talking with the cummunity, I've realized that I hate you all! You were just trying to trick me! I'm going to withdraw all my money!
EDIT2: Why can't I withdraw my money!?
submitted by doggerman123123 to Buttcoin [link] [comments]

Hello Bitcoin Cash community: would you use something like this?

Hello everyone,

I am the main developer of https://rymos.com/, it is a simple web app to send crypto currency to anyone via email or crypto address. Currently, the website supports only 2 crypto currency project: Reddcoin and Neblio.

https://www.reddit.com/reddCoin/comments/88yl1u/introducing_rymos_a_web_app_to_send_rdd_to/
https://www.reddit.com/Neblio/comments/8zcudf/neblio_is_now_integrated_with_rymos_a_web_wallet/

After a year-long running with this 2 blockchains, I want to add Bitcoin Cash to the web app. Basically, rymos is designed with easy to use in mind and for trivial, fun scenarios to spread awareness.


I want to get your opinion about the website and whether you will use something like this?

Many thanks & Cheers,
submitted by hieplenet to btc [link] [comments]

Why did you call me to say hello? #bitcoin

Why did you call me to say hello? #bitcoin
submitted by MountBlanc to bitcoinmeetupsx [link] [comments]

CryptoShoppe: It's a shame. Instead of being commended for calling out WormHoleCash ICO fraud, expressing concerns with ABC actions in the hashwar, I was mass unfollowed by ABC side, while SV side welcomed me with open arms to converse with them. Good Bye BCH/Anti-Craig Club. Hello Bitcoin SV!

CryptoShoppe: It's a shame. Instead of being commended for calling out WormHoleCash ICO fraud, expressing concerns with ABC actions in the hashwar, I was mass unfollowed by ABC side, while SV side welcomed me with open arms to converse with them. Good Bye BCH/Anti-Craig Club. Hello Bitcoin SV! submitted by btcnewsupdates to bitcoincashSV [link] [comments]

LOL hello Bitcoin?

LOL hello Bitcoin? submitted by BlockchainNewsBN to u/BlockchainNewsBN [link] [comments]

"Bye-bye Ethereum, Hello Bitcoin Cash! (She has cheaper transactions than Ethereum, turing complete, & better liquidity in only 3 months!)"~Jason Elliott

submitted by TomorrowisToday_ to btc [link] [comments]

Install CryptoTab browser and get real Bitcoins for using it. Your earnings will keep growing as long as you're watching YouTube, reading news and using your social network accounts daily. Hello bitcoin is a buggy that is not seen by any bank and what I just want to say is that it will bring you a

Install CryptoTab browser and get real Bitcoins for using it. Your earnings will keep growing as long as you're watching YouTube, reading news and using your social network accounts daily. Hello bitcoin is a buggy that is not seen by any bank and what I just want to say is that it will bring you a submitted by giorgos123478 to u/giorgos123478 [link] [comments]

Hello Bitcoin, goodbye Western Union? The future of remittance could be digital...its happening :)

Hello Bitcoin, goodbye Western Union? The future of remittance could be digital...its happening :) submitted by yeh-nah-yeh to Bitcoin [link] [comments]

Hello Bitcoin Cash community: would you use something like this? /r/btc

Hello Bitcoin Cash community: would you use something like this? /btc submitted by ABitcoinAllBot to BitcoinAll [link] [comments]

Internet won't work - prediction from 1995 :) Hello bitcoin

Internet won't work - prediction from 1995 :) Hello bitcoin submitted by CBDoctor to litecoin [link] [comments]

Hello Bitcoin Private!

We welcome you to the Crypto World! Snapshot has occured! See you on the Moon!
submitted by Zura_reddit to BitcoinPrivate [link] [comments]

Bitcoin Silver and Bitcoin Diamond will soon be number 6 and 7 on Coin Market Cap, could it really be this easy? Buh bye ICO's, hello Bitcoin forks!

submitted by DestroyerOfShitcoins to CryptoCurrency [link] [comments]

03-03 20:52 - 'Hello Bitcoiners , buyers who are interested to buy bitcoins in large volume in the UK can contact me for a face to face transaction. 1000btc available .' (self.Bitcoin) by /u/Nemesisman123 removed from /r/Bitcoin within 318-328min

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Hello Bitcoiners , buyers who are interested to buy bitcoins in large volume in the UK can contact me for a face to face transaction. 1000btc available .
Go1dfish undelete link
unreddit undelete link
Author: Nemesisman123
submitted by removalbot to removalbot [link] [comments]

Goodbye dollar, hello Bitcoin: is this the end of national currencies?

Goodbye dollar, hello Bitcoin: is this the end of national currencies? submitted by BitCsByBit to Bitcoin [link] [comments]

Predicting the future — A historical overview. Hello bitcoin :)

Predicting the future — A historical overview. Hello bitcoin :) submitted by assaad33 to Bitcoin [link] [comments]

Goodbye USD, Hello Bitcoin

Goodbye USD, Hello Bitcoin submitted by cryptoallbot to cryptoall [link] [comments]

Internet won't work - prediction from 1995 :) Hello bitcoin

Internet won't work - prediction from 1995 :) Hello bitcoin submitted by ABitcoinAllBot to BitcoinAll [link] [comments]

CryptoShoppe: It's a shame. Instead of being commended for calling out WormHoleCash ICO fraud, expressing concerns with ABC actions in the hashwar, I was mass unfollowed by ABC side, while SV side welcomed me with open arms to converse with them. Good Bye BCH/Anti-Craig Club. Hello Bitcoin SV!

CryptoShoppe: It's a shame. Instead of being commended for calling out WormHoleCash ICO fraud, expressing concerns with ABC actions in the hashwar, I was mass unfollowed by ABC side, while SV side welcomed me with open arms to converse with them. Good Bye BCH/Anti-Craig Club. Hello Bitcoin SV! submitted by cryptoallbot to cryptoall [link] [comments]

CryptoShoppe: It's a shame. Instead of being commended for calling out WormHoleCash ICO fraud, expressing concerns with ABC actions in the hashwar, I was mass unfollowed by ABC side, while SV side welcomed me with open arms to converse with them. Good Bye BCH/Anti-Craig Club. Hello Bitcoin SV!

CryptoShoppe: It's a shame. Instead of being commended for calling out WormHoleCash ICO fraud, expressing concerns with ABC actions in the hashwar, I was mass unfollowed by ABC side, while SV side welcomed me with open arms to converse with them. Good Bye BCH/Anti-Craig Club. Hello Bitcoin SV! submitted by ABitcoinAllBot to BitcoinAll [link] [comments]

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