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Bitcoin
An SI Board Since April 2013
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Emcee:  Jorj X Mckie Type:  Moderated
From Wikipedia: en.wikipedia.org

Bitcoin (sign: BTC) is a decentralized [6] digital currency [7] [8] based on an open-source, [9] peer-to-peer Internet protocol. It was introduced in 2009 by a pseudonymous developer (or developers) Satoshi Nakamoto. [10] Since 2011 Bitcoin has been criticized as not being a functional currencydue to its experimental nature, volatile markets, [11] and allegedly limited use in trade. [12] [13]

Bitcoins can be transferred through a computer or smartphone locally or internationally without an intermediate financial institution. [14] Each bitcoin is subdivided into 100 million smaller units called satoshis, defined by eight decimal places. [4]

Bitcoin has no central organization and is not managed by any government or central authority. Instead, it relies on an Internet-based peer-to-peernetwork. The creation of new bitcoins is automated and given to servers or "bitcoin miners" that confirm bitcoin transactions as they add them to a decentralized and archived transaction log approximately every 10 minutes.

The transaction log is authenticated by end-users through hashed ECDSA digital signatures (similar to a username and password) and added to through calculations of varying difficulty, performed by dedicated servers called bitcoin miners. Each 10-minute portion or "block" of the transaction log has an assigned amount of bitcoins that is awarded to miners (who can then sell them at their discretion) once it is added to the log and confirmed by other miners. The amount of bitcoins per addition depends on how long the network has been running and how much in transaction fees has been paid. Currently, 25 new bitcoins are generated with every 10-minute block. This will be halved to 12.5 BTC during the year 2017 and halved continuously every 4 years after until a hard limit of 21 million bitcoins is reached during the year 2140. [1] [10]

Bitcoin is the most widely used alternative currency [3] [15] and accepted by various merchants and services internationally.
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ReplyMessage PreviewFromRecsPosted
3208280 hi...guy needs to recalc.....price of pizza just went upSavant-Monday
319CryptoConspiracy BitCoin #PIZZAGATE blockchain [youtube video]roguedolphin-Sunday
3187795 hiSavant-last Thursday
317 BTC 24h High 7499.99999999 Anyone buy their FedCoins yet?Savant-last Thursday
316How Floyd Mayweather Helped Two Young Guys From Miami Get Rich Celebrity endorsGlenn Petersen1November 13
315 The World’s Biggest Video Game Skins Site Raised $41 Million With Crypto TokensGlenn Petersen-November 13
314An Explanation of Initial Coin Offerings By NATHANIEL POPPER New York Times Glenn Petersen1November 13
313Bitcoin Soars, Erases Weekend Losses As 'Cash' Gets Cut In Half zerohedgroguedolphin-November 13
312Crypto Chaos Explained - Bitcoin Crashes As 'Cash' Tops Ether For First roguedolphin-November 12
311OpenThePodBayDoorHAL Rhetorical Nov 12, 2017 12:53 AM Ripple is just a credit inroguedolphin-November 12
310Ethereum's Creator Mulls Limiting Supply In Novel Ways zerohedge.com Somroguedolphin-November 12
309 Bitcoin Cash, which was forked (split) from Bitcoin.. 10/24 $316 lo Today $Savant-November 10
308 I brought it up because you said this>>>"Biggest global bubble ofSavant-November 9
307I don't know why you're bring up the 2008 financial crisis. Not sure whElroy-November 8
306 It's nothing compared to the CDO Mortgage scandal/bubble/fraud...it had gloSavant2November 8
305The segwit2x fork is going to happen, so buy Bitcoin to get the free fork money.Elroy-November 8
304 BTC Gemini BTC/USD Historical Data Last Price $7,447.00 24 Hour Change $342.0Savant-November 8
303 Seg 2x cancelled....BTC popped to 7846, then whacked to 72XXSavant-November 8
302Crypto-Currency Snafu: Hundreds of millions of $$ Ethereum frozen in coding mistRon-November 7
301How Will Bitcoin React In A Financial Crisis Like 2008? zerohedge.comroguedolphin3November 7
300 Could u ask ur dog what it will be next yr? Inquiring minds want to know. PS..Savant-November 7
299I think institutional brokerages projecting anything about Bitcoin price levels Elroy2November 7
298Goldman projecting a BTC move to near 8000, then consolidation.....fwiwSavant-November 7
297 BT2...it's not that high anymore.. trustnodes.com Trustnodes TrustSavant-November 7
296What's BT2? Is that the segwit2x fork coin? $2,700? That's pretty higElroy-November 6
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