What is Bitcoin and How Does it Work? (Simple Explanation

New to Bitcoin? Confused? Need help? You've come to the right place.

Bitcoin is an internet based decentralised currency. Similarly to Bittorrent, but Bitcoin uses a public ledger called the blockchain to record who has sent and received money. It's very new, and for many very confusing. BitcoinHelp aims to rectify this. Whether it be explaining how it works, how to use it, how to buy Bitcoins, how to integrate Bitcoins into your business. Sharing your successes as well as failures in order to help others is also gladly received. Ask away!
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JKR will understand Bitcoin with this great and simple explanation

JKR will understand Bitcoin with this great and simple explanation submitted by simplelifestyle to Bitcoin [link] [comments]

Bitcoin Explained | Simple Explanation About Pros And Cons

Bitcoin Explained | Simple Explanation About Pros And Cons submitted by thisismaw to shamelessplug [link] [comments]

Simple explanation of Bitcoin

Long time redditor and long timer Bitcoiner (not only, heh).
I often browse Medium on random posts on the broad topic of cryptocurrency, there are some very interesting and rare insights. I mean, it is often full of sh*t, but there are some gems. I just stumbled upon extremely easy explanation, or as the author says overview of Bitcoin. I mean, I myself have spent a lot of time explaining Bitcoin to friends, relatives and random people. If I could go back in time, I can imagine taking that approach since it is just so easy.
I hope somebody finds it useful too!
https://medium.com/@balkanchain/bitcoin-explained-simply-fa689b2c57fc
submitted by SpyHandler to Bitcoin [link] [comments]

Buying Bitcoin At ATM [SIMPLE EXPLANATION]

Buying Bitcoin At ATM [SIMPLE EXPLANATION] submitted by Roy1984 to CryptoCurrency [link] [comments]

Bitcoin Cash infographic. A simple explanation of the changes made by the hard fork.

Bitcoin Cash infographic. A simple explanation of the changes made by the hard fork. submitted by Dahaz159 to btc [link] [comments]

Colored Coins Coming To Bitcoin Cash. Simple Explanation on What Colored Coins Are.

Colored Coins Coming To Bitcoin Cash. Simple Explanation on What Colored Coins Are. submitted by don-wonton to btc [link] [comments]

Simple & Succinct Explanation of Bitcoin Lightning Network

Simple & Succinct Explanation of Bitcoin Lightning Network submitted by achainofblocks to lightningnetwork [link] [comments]

Bitcoin Future - A Simple Explanation

Bitcoin Future - A Simple Explanation submitted by jony3k to Bitcoin [link] [comments]

New bitcoincashers.org page - A simple explanation why Bitcoin split into Bitcoin Cash and Core.

New bitcoincashers.org page - A simple explanation why Bitcoin split into Bitcoin Cash and Core. submitted by singularity87 to btc [link] [comments]

Simple explanation of how to claim Bitcoin SV that was on TREZOR at time of snapshot?

I see the answer that TREZOR gives here, however, I'm still unclear how to get my damn Bitcoin SV tokens in a wallet so that I can trade them, etc. Can someone please provide a more simple explanation or point me to a post/youtube video that explains in layman terms?
Thank you.
https://wiki.trezor.io/How_to_split_and_send_your_Bitcoin_Cash_forks
submitted by GuateGringo7 to TREZOR [link] [comments]

What's the Big Deal About Bitcoin? | Book Project

Hello /bitcoin! I’ve decided to take a leap of faith and write a short book about Bitcoin.
Who am I? Just some schmo, but I’ve written several articles on Bitcoin [see below], created a popular animation about it, am married to a BitPay employee, and my brother is the Operations Lead for OpenBazaar. So, I’ve been steeped in the Bitcoin world for a few years now.
I’ve had several people ask me about Bitcoin, and I’ve found that there doesn’t seem to be a great introductory resource to share with the average Joe. Everything seems to be really technical, really biased, or poorly worded.
So, I’ve decided to create a short, introductory book entitled, “What’s the Big Deal About Bitcoin?”
And believe it or not, it’s going to answer the average Joe’s question, “What’s the big deal about Bitcoin?”
Plenty of people have heard about the technology, but they don’t know what all the fuss is about, and they are unaware of the future possibilities. So, I want to provide a non-technical, conceptual explanation – not a “how-to” book, but rather a “what-is” book.
I am trying to finish this project by the end of the year. For those that are interested, the book will cover four sections:
I. What is Bitcoin? (simple explanation of what it is)
II. What’s the Big Deal? (examples of its potential)
III. Common Objections (clarifying and resolving the most common objections)
IV. Real Challenges (what I see as legitimate criticisms and questions about Bitcoin)
Obviously, it takes time to create such a book. Fortunately, my wife has a full-time job to support the majority of our expenses. Unfortunately, we still expect our savings to be diminished. So, I am trying to raise around 2BTC to break even over the next two months finishing this book.
Even if I don’t raise 2BTC, I still intend to publish the book. We’d just eat a bit into our savings.
If you’d like to support the project, I've posted my BTC address at: http://steve-patterson.com/new-bitcoin-book/
(Of course, if I had just taken my wife’s advice and bought Bitcoin with it was $10/BTC, I wouldn’t need to ask for money. But that didn’t happen.)
Also, if anyone wants to share tips on self-publishing or writing books, please do share. This is my first book, so I have a lot to discover.
Thank you, Bitcoiners.
If you want to read some stuff I’ve already written, here are the articles:
Bitcoin: Currency of Currencies
The Beauty of Bitcoin Bank Runs
The Arrogance of Dollars
Is Bitcoin a Viable Currency?
Bitcoin is Not Backed by Anything (And That’s OK!)
And here’s the animation about Bitcoin I scripted and produced.
submitted by Broten to Bitcoin [link] [comments]

ICOs vs. STOs vs. IEOs: A Simple Explanation - Bitcoin Market Journal

ICOs vs. STOs vs. IEOs: A Simple Explanation - Bitcoin Market Journal submitted by PolishedRice to CryptoCurrency [link] [comments]

What is your go to, simple explanation, for normies, when they ask you what Bitcoin or cryptocurrency is?

I own a business and we give 25% off when people pay with cryptocurrency. Yesterday, a Dad asked what cryptocurrency was, and immediately his 17 year old son said, "Oh, that's that thing where you put money into it and in like 10 years you're a millionaire right?" He was being completely serious. I then realized I needed to explain what Bitcoin and cryptocurrency was, to 2 people that just don't get it. All the technical babble in the world couldn't break it down into layman terms, so I'm curious, what's the 1 or 2 sentences you say to people? Do you just say its digital cash?
submitted by Thethirdtoken to CryptoCurrency [link] [comments]

Simple explanation of what Bitcoin SV (BSV) is for Noobs

BitcoinSV is the only remaining implementation of Bitcoin that follows the original whitepaper, retains the original economics, original opcodes, and scales massively on chain to become global money. BTC blocksize is capped at 1mb. BSV has already mined 64mb blocks, can go to 128mb, and can process more transactions per second than XRP today. 512mb in May, 2gb next November followed by no limits and all with fractions of a penny for fees. Terabyte blocks are a reality and just the beginning. 5 billion people using and making 50 transactions per day is achievable. Simply put, SV is Bitcoin scaled to be the new money for the world.
Cheers
submitted by higher-plane to CryptoCurrency [link] [comments]

A comprehensive introduction to Tor, A Simple Explanation of Gini Impurity, The Bitcoin Lightning Network

submitted by pekalicious to morningcupofcoding [link] [comments]

If you have not read Satoshi Nakamoto's original paper on Bitcoin, please take the time do so before doing anything else Bitcoin related. It is only eight pages long and is simple yet elegant in its explanation of this amazing innovation.

submitted by Godfreee to Bitcoin [link] [comments]

Great and simple explanation why Bitcoin might not be a bubble.

Great and simple explanation why Bitcoin might not be a bubble. submitted by Mortum1 to Bitcoin [link] [comments]

Bitcoin Halving - The Simple Explanation!

Bitcoin Halving - The Simple Explanation! submitted by joncursi to cheddur [link] [comments]

Bitcoin Cash Infographic: A simple explanation of the changes made by the hard fork. (Updated)

Bitcoin Cash Infographic: A simple explanation of the changes made by the hard fork. (Updated) submitted by Dahaz159 to btc [link] [comments]

I find all explanations way out of my vocab range, so Im gonna ask here. In as simple as possible, IF Bitcoin were to fail, how would it fail?

In terms of a viable investment and/or functionality as a currency
submitted by Papa_Juans_Pizza to Bitcoin [link] [comments]

Biggest Bitcoin liquidation ever - one final super simple explanation of the 415m liq on OKEx

Biggest Bitcoin liquidation ever - one final super simple explanation of the 415m liq on OKEx submitted by mala44 to Bitcoin [link] [comments]

A simple explanation of Bitcoin “Sidechains”

A simple explanation of Bitcoin “Sidechains” submitted by BobAlison to Bitcoin [link] [comments]

What Is Bitcoin - A Simple Explanation What is Bitcoin for dummies - A simple explanation for beginners What is Bitcoin & How Bitcoin Works (A Simple Explanation) Ano Ang Bitcoin - Simple Explanation What is Bitcoin? Bitcoin Explained Simply for Dummies

A Simple Explanation of Blockchain. August 6, 2019. by Perfectly Plain. By Teodor Teofilov. One of the hot new topics in the past few years that has dominated the world of finance and technology is cryptocurrency. You might have heard the terms “bitcoin” and “blockchain” being thrown around, even if you aren’t particularly interested Still Don’t Get Bitcoin? Here’s an Explanation Even a Five-Year-Old Will Understand If you still can’t figure out what the heck a bitcoin is, this simple explanation for a five-year-old may This article has an aim to help you to understand what bitcoin mining is, where bitcoin comes from and how it comes into circulation. The answer to all these questions is provided in the guide that you see in front of you, where we go over different types of mining equipment, blockchain, pools and other relevant information regarding the coin’s supply. What is Bitcoin (BTC) - Simple Explanation for Beginners. Bitcoin (BTC) guide . Mon, 05/21/2018 - 09:46. George Shnurenko. As mentioned above, the majority of internet users think that Bitcoin is just another digital currency. Cover image via U.Today. Introduction to Bitcoin. Bitcoin: Definition, History, Statistic, Technical Explanation & Interesting Facts. What Is BTC and How It Works - Guide for Beginners in Simple Terms. Bitcoin Future and Benefits.

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What Is Bitcoin - A Simple Explanation

Bitcoin Simple Explanation for kids. As parents its our responsibility to teach our children about the 4rth Industrial revolution. The world is going digital and we ought to adapt...This video is ... What is Bitcoin & How Bitcoin Works (A Simple Explanation) - Duration: 34:50. Crypto Casey 15,213 views. 34:50. Language: English Location: United States Restricted Mode: Off This is a video guide all about Bitcoin. We break down bitcoin into simple concepts together, so by the end of the video, you will understand why bitcoin was created and the technology behind ... It then gives some facts on the current state of increasing bitcoin adoption. Loading... Autoplay When autoplay is enabled, a suggested video will automatically play next. Short and Quick Explanation About Bitcoin Ano ba talaga ang Bitcoin? Ano ang maling akala ng karamihan sa Bitcoin? Ano ang mga pwedeng gawin sa Bitcoin? ----- FREE LOAD ----- Free 50 pesos Load ...

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