ELI5 Bitcoin – Explain Bitcoin Like I’m Five - Bitcoin ...
What is Bitcoin? 3 Things to Know About the Cryptocurrency
Bitcoin explained: Here's everything you need to know - CNET
How Does Bitcoin Work? Bitcoin Explained for Beginners
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~~If you are anything BUT 5 years old, and you're confused by something, this is the place for you.~~ Now that /eli5 clarified that they want simple explanations, (fake) 5-YEAR-OLDS ARE NOW WELCOME TO THE SUBREDDIT. But not in a creepy way.
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LToV Socialists, if labor = value, then explain Bitcoin.
If labor is equal to value, then why is Bitcoin worth nearly $11k at the time of writing? Yes, labor in the form of processing power is necessary to generate them in the first place, but after that, their value varies wildly. If you mined 1 bitcoin back in early 2013, you'd have a coin worth about $15. But if you held that coin for just 4 years, it'd be worth nearly $20k, over 130,000% more. No new labor was put into it whatsoever, but it was suddenly worth a car, because the market decided so. What gives? Shouldn't Bitcoin be worth an entirely consistent amount, or at least a stable amount? You could make the argument that Bitcoin is worth nothing, because price doesn't imply value, but doesn't that mean the labor used to create it is worth nothing as well? Am I missing something, or does Bitcoin just completely shatter the LToV?
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How to explain Bitcoin and the blockchain to newbs?
Hi everyone, so I have tried to explain bitcoin and the blockchain to my family but they still seem not to get it. So is there a very good and thorough beginners 101 bitcoin video that I can show them, so they would understand me better? Would help alot :)
Explain Bitcoin to me like Oscar explains a surplus to michael in the office.
My brother has invested a small 50, it's now up to 61.31 or something like that I'll have to talk to him when he gets here and ask. Anyways, explain this to us please. Not trying to get rich, just mildly interested and would like to know more. EDIT: its 63.31
Bitcoin is an innovative payment network and a new kind of money. Find all you need to know and get started with Bitcoin on bitcoin.org. Bitcoin.org is a community funded project, donations are appreciated and used to improve the website. Make a donation Bitcoin is a transparent ledger without a central authority. Confused? Don't worry, this post will explain what Bitcoin is in plain English. ELI5 Bitcoin – Explain Bitcoin Like I’m Five. Let’s just say there’s you and me in a room, and I hand you a dollar. I gave the dollar to you, and now you have it and I don’t. We didn’t need anybody else to verify the transaction, and I can’t take it back unless you give me it back. That dollar is yours now to do whatever you like ... Bitcoin, the digital currency, has been all over the news for years. But because it’s entirely digital and doesn’t necessarily correspond to any existing fiat currency, it’s not easy to understand for the newcomer. Let’s break down the basis of exactly what Bitcoin is, how it works, and its possible future in the global economy. The simple question of how to explain bitcoin, cryptoassets and DeFi coins is not an easy task and as the interest and intrigue continues to unfold inside the blockchain-based distributed ledger technology industry, it is important to know the basics of cryptocurrencies to optimally understand an industry that has been as high as $838 billion ...
Learn about Bitcoin with the most watched Bitcoin video. More information: Start Guide - https://www.weusecoins.com Mining Guide - https://www.bitcoinmining.... Thanks to Away for sponsoring this video! Go to https://www.awaytravel.com/techquickie and use promo code techquickie to get $20 off your next order! Bitcoin... A short video looking at 'Bitcoin', a decentralized digital currency. This is a self funded personal project, If you would like to make a Bitcoin donation fo... Get our free Bitcoin course here - https://chrisdunn.com/free-bitcoin-course This Bitcoin basics video series will explain Bitcoin for beginners. You'll lear...