Getting started - Bitcoin

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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Monero: the secure, private, untraceable currency

This is the official subreddit of Monero (XMR), a secure, private, untraceable currency that is open-source and freely available to all.
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What on earth ever happened to starbucks accepting bitcoin for payment through bakkt by mid 2020??

That was big news late last year, now there's nothing but silence..
What gives?
submitted by slvbtc to Bitcoin [link] [comments]

Today I received my salary in Bitcoin for the first time

Yes it happened, finally.
This is what freedom feels like. For me is not about speed or scale, or even cheap fees.
It's about freedom.
For around 6 years I've been working remotely from my third world country for companies abroad, receiving my salary in USD. Regulations in my country still have not catch up yet, so my funds are frozen by my bank from time to time.
They ask me for an official contract to validate my income, but what I show them does not meet their expectations. "Virtual contract? What is even that?". They want something signed by pen. All this damn hassle just to receive and use my hard-earned money as I see fit.
But today, I'm free.
Bitcoin is the true breaker of chains, and the only way forward.
submitted by phasnox to Bitcoin [link] [comments]

US Authorities Allege Woman Paid Bitcoin For Ex-Husband's Murder Via Dark Web

US Authorities Allege Woman Paid Bitcoin For Ex-Husband's Murder Via Dark Web submitted by SaneFive to darknet [link] [comments]

Bitcoin Cash does not need to overtake the price/market cap of Bitcoin for a "flippening" to happen.

The common "agreed upon" idea when it comes to hashrate is that it is primarily dictated by price rather than the other way around. I also thought this was the case until I realized that there is more to the equation than the price of each individual coin. Right now it is true, as most mining revenue comes from the block reward subsidy. This made me realize that miners' hashrate is not proportional to the price of coins, but rather the block reward. So it is entirely possible for Bitcoin Cash to have a higher hashrate and accumulated PoW than Bitcoin, but still be worth less per coin.
This makes me wonder: If both coins were to co-exist where Bitcoin Cash is used for retail purchases and as cash, while Bitcoin is used as a speculative asset that people hold (I know this sounds silly, but it seems possible given the irrational nature of the market), which becomes the 'real' Bitcoin?
Bitcoin Cash will have a higher hashrate and accumulated PoW making it valid as THE Bitcoin, but BTC will have a higher market cap and coin price, meaning that "the market" has determined it to be the real Bitcoin.
submitted by 1MightBeAPenguin to btc [link] [comments]

People who stopped watching last night's match after 16th over are the same people who sold Bitcoins for pizza

People who stopped watching last night's match after 16th over are the same people who sold Bitcoins for pizza submitted by irushibiradar to IndianStreetBets [link] [comments]

Stop buying bitcoin for other people

submitted by CloverBun to bestoflegaladvice [link] [comments]

It's been 6 days since i purchased bitcoin for the first time....

Already have a ledger on the way and 40% of my day is spent looking at graphs.
Send help.
submitted by DFroody to Bitcoin [link] [comments]

Has a certain prominent player in the crypto space always been a scam artist? Yes, says Peter Todd. (Peter Todd is someone who has been in Bitcoin for a decade. He has maintained a pristine reputation all the time, and he calls out frauds when he sees them.)

Has a certain prominent player in the crypto space always been a scam artist? Yes, says Peter Todd. (Peter Todd is someone who has been in Bitcoin for a decade. He has maintained a pristine reputation all the time, and he calls out frauds when he sees them.) submitted by btcfan8877lol to Bitcoin [link] [comments]

I demand $500 worth of Bitcoin for her safe release

I demand $500 worth of Bitcoin for her safe release submitted by Oblivion_O to ComedyNecrophilia [link] [comments]

Pomp interviews Michael Saylor, the CEO of MicroStrategy (MSTR), public company who just bought 38,250 bitcoins for $425 million

Pomp interviews Michael Saylor, the CEO of MicroStrategy (MSTR), public company who just bought 38,250 bitcoins for $425 million submitted by xboox to Bitcoin [link] [comments]

Bitcoin for small payments

In theory I really like the idea of Bitcoin, but as a currency there are things I don't fully understand yet. For example, lets say my friend and I go to lunch, my friend forgets to bring his wallet and I tell him I'll pay for him, and he offers to send me some Bitcoin to cover the cost of his meal.
To me, it seems the issue here is that the network transfer fee is prohibitively high for small payments. I was looking into this but trying to send approximately 15 USD worth of bitcoin to another account I have but the transfer fee was like 13-15% which I think is incredibly high, I even put it on the cheapest method and it only went down to 12%.
Obviously this becomes more justifiable with larger sums of money, but I don't really intend on having large payments through this.
Are there better methods, am I doing something wrong? Like I said, BTC is something I really like, and would like to see e-commerce go towards crypto because hypothetically, it might actually be more resistant to fraud or theft than the current methods of payment.
submitted by ArbitraryUsernameHEH to Bitcoin [link] [comments]

Stop Criticizing Bitcoin for What It Is Not, Learn to Appreciate Bitcoin for What It Does Best

Stop Criticizing Bitcoin for What It Is Not, Learn to Appreciate Bitcoin for What It Does Best submitted by sylsau to Bitcoin [link] [comments]

Governments Will Never Forgive Bitcoin for Failing to Prevent the Money Laundering Done by Banks

Governments Will Never Forgive Bitcoin for Failing to Prevent the Money Laundering Done by Banks submitted by asso to CryptoMarkets [link] [comments]

Bitcoin for eggs. The true measure of intrinsic value!!!!

Bitcoin for eggs. The true measure of intrinsic value!!!! submitted by Cryptowake to Bitcoin [link] [comments]

There isn’t enough bitcoin for each PayPal user to have 0.05 BTC

There isn’t enough bitcoin for each PayPal user to have 0.05 BTC submitted by nanooverbtc to CryptoCurrency [link] [comments]

What do you personally use bitcoin for? Is it practical etc?

It seems from reading many posts across different bitcoin subreddits that most just hold their bitcoin.
Do you ever actually use it?
Speaking personally I have never HODL'ed and probably never will. The main reason for my own bitcoin use is to transfer funds to/from offshore bookmakers. Mostly and unfortunately I send more often than I receive.
So I admit that the only practical reason for me to use bitcoin is to gamble at offshore sportsbooks.
Also, its far from perfect. For example, I cashed out $650 worth of btc a couple weeks ago. After transferring the btc to my wallet, then to shakepay/fees etc etc I received $592 CAD.
So bitcoin is convenient - I took my payout at 2AM and it was available as CAD in less than an hour the cost was steep. This has to improve.
submitted by Same-Bad to BitcoinCA [link] [comments]

Help buying bitcoins for modafinil online!

Hi there, So I'm from the UK and have finally decided I want to 100% buy some modafinil. (Probably from highstreetpharma with all their positive reviews recently) and they seem to have a discount where you get 25% off and 30% extra pills if I buy using bitcoin. I went ahead to see how this process works and basically it just gives the location of money needed and money amount needed.
So I started looking into how i go about paying with bitcoins and apparently theres different types of wallets (like light wallet, full wallet, light multi wallet from exodus ect ect) like wtf, I'm already confused af as to what wallet will be good enough to buy meds online.
The other thing is buying the bitcoins, the recommended one is coinmama and tbh I dont really care too much about the 6% commission as I just want it to be over with, but something that got my head scratching is that I can only buy minimum $50 BTC (so like £43) at once, obv I was planning on only buying the exact amount of money needed, so what do i do with the extra btc? Or should I find another seller that has lower commission rates and can do exact amounts? Also, I thought the whole point of bitcoins were to be anonymous, is it normal for coinmama to ask for my ID? Will the bitcoin wallet also ask for ID?
This is not a shill, just a noob needing help with crypto purchases.
Any recommendations/tips highly appreciated!
submitted by AnonymousFlamer to darknet [link] [comments]

[ Bitcoin ] Bitcoin for small payments

Topic originally posted in Bitcoin by ArbitraryUsernameHEH [link]
In theory I really like the idea of Bitcoin, but as a currency there are things I don't fully understand yet. For example, lets say my friend and I go to lunch, my friend forgets to bring his wallet and I tell him I'll pay for him, and he offers to send me some Bitcoin to cover the cost of his meal.
To me, it seems the issue here is that the network transfer fee is prohibitively high for small payments. I was looking into this but trying to send approximately 15 USD worth of bitcoin to another account I have but the transfer fee was like 13-15% which I think is incredibly high, I even put it on the cheapest method and it only went down to 12%.
Obviously this becomes more justifiable with larger sums of money, but I don't really intend on having large payments through this.
Are there better methods, am I doing something wrong? Like I said, BTC is something I really like, and would like to see e-commerce go towards crypto because hypothetically, it might actually be more resistant to fraud or theft than the current methods of payment.
ArbitraryUsernameHEH your post has been copied because one or more comments in this topic have been removed. This copy will preserve unmoderated topic. If you would like to opt-out, please send a message using [this link].
[deleted comment]
[deleted comment]
submitted by anticensor_bot to u/anticensor_bot [link] [comments]

Today I received my salary in Bitcoin for the first time

submitted by Oninteressant123 to CryptoCurrency [link] [comments]

How do I buy Bitcoin for Electrum Wallet?

submitted by CleVr69 to Bitcoin [link] [comments]

Bitcoin for Dummies?

I have some savings and want to buy bitcoin. How do you buy bitcoin? Which companies are reliable and trusted. I read something about wallets and that some are more secure than others?
Basically I am asking step by step instructions on how to buy safe and secure bitcoin that is stored safe as well.
Thanks.
submitted by Whtzmyname to Bitcoin [link] [comments]

Help buying bitcoins for modafinil!

Hi there,
So I'm from the UK and have finally decided I want to 100% buy some modafinil. (Probably from highstreetpharma with all their positive reviews recently) and they seem to have a discount where you get 25% off and 30% extra pills if I buy using bitcoin. I went ahead to see how this process works and basically it just gives the location of money needed and money amount needed.
So I started looking into how i go about paying with bitcoins and apparently theres different types of wallets (like light wallet, full wallet, light multi wallet from exodus ect ect) like wtf, I'm already confused af as to what wallet will be good enough to buy meds online.
The other thing is buying the bitcoins, the recommended one is coinmama and tbh I dont really care too much about the 6% commission as I just want it to be over with, but something that got my head scratching is that I can only buy minimum $50 BTC (so like £43) at once, obv I was planning on only buying the exact amount of money needed, so what do i do with the extra btc? Or should I find another seller that has lower commission rates and can do exact amounts? Also, I thought the whole point of bitcoins were to be anonymous, is it normal for coinmama to ask for my ID? Will the bitcoin wallet also ask for ID?
This is not a shill, just a noob needing help with crypto purchases.
What do ya'll recommend?
submitted by AnonymousFlamer to genuine_reviews [link] [comments]

Bitcoin.com - Official Channel - YouTube I Lived Using Only BITCOIN for 24 hours... - YouTube Bitcoin for Beginners - YouTube Bitcoin Basics (Part 1) - How to buy Bitcoin for Beginners - YouTube

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 new currency that was created in 2009 by an unknown person using the alias Satoshi Nakamoto. Transactions are made with no middle men – meaning, no banks! Digital money that’s instant, private, and free from bank fees. Download our official wallet app and start using Bitcoin today. Read news, start mining, and buy BTC or BCH. The world’s first cryptocurrency, Bitcoin is stored and exchanged securely on the internet through a digital ledger known as a blockchain. Bitcoins are divisible into smaller units known as satoshis — each satoshi is worth 0.00000001 bitcoin. Individuals, businesses, developers: learn from our simple Bitcoin guides. How Bitcoin works, what is Bitcoin, what is blockchain, how to buy Bitcoin, what is Bitcoin mining and more.

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Bitcoin.com - Official Channel - YouTube

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