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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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646XRP Ripple is gaining traction...both their blockchain and tokens....price is moSavant-3 hours ago
645Exchange Glitch Allows Traders To "Buy" $20 Trillion In Bitcoin For Frroguedolphin-6 hours ago
644Tulips...always enjoyed those....as for some aspects of human nature...hmmm, notSavant-Monday
643 Tulip mania: the classic story of a Dutch financial bubble is mostly wrong Glenn Petersen1Monday
642BTC on uptrend since 2/6...$400 Mln buyer from 9-12th...had breakout of down treSavant-last Saturday
641XRP vol spike early this morning, to 1.1977...has been on a nice uptrend, fwiwSavant-last Saturday
640 XRP xCurrent vs xRapid ...Western Union trialing xRapid, which uses XRP tokens Savant-last Friday
639[facebook video]zax-February 11
638UK ICO, USCourts.gov... Thousands of websites hijacked by hidden crypto-mining cGlenn Petersen2February 11
637Looks like their attempt...'bombed'Savant1February 9
636Russian nuclear scientists arrested for 'Bitcoin mining plot' bbc.com zax-February 9
635 I can see the rights of individuals to buy/sell/trade/use, etc Cryptocurrency .Savant-February 9
634I didn't have to go into debt to mine their transactions ;) ;) ;) . I think george_mangas-February 8
633Arizona Considers Allowing Residents to Pay Taxes In BitcoinIn a bid to attract zax-February 8
632However: About 52 percent of CoinDesk survey respondents said they repaid theirGlenn Petersen-February 8
631[tweet]Sultan2February 8
630 Crypto Summit..on now finance.yahoo.com Goes on until 3:50 pmSavant-February 7
629 Sooo prise.... Tax Holiday is over>>> investopedia.comSavant-February 7
628 Zax....my thoughts exactly, and to the personal space of the poor sucker sittinSavant1February 6
627BIS Chief Slams Bitcoin As Ponzi Scheme and Threat to Central Banks The BIS Chizax1February 6
626For more comments see the comments to this tweet: [tweet]Elsewhere-February 6
625<i>Agustín Carstens, General Manager of the BIS: Bitcoin is a "Elsewhere-February 6
624Bitcoin Miners Fried in Game of Chicken As prices plunge, most are losing money.roguedolphin-February 6
623 BIS Wants To Ban Bitcoin Bitcoin News 06 February 2018 Agustín Carstens, Groguedolphin-February 6
622 Here's the transcript link from today>> banking.senate.gov TestimonySavant-February 6
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