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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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724Bitcoin’s Price Was Artificially Inflated Last Year, Researchers Say By NathGlenn Petersen4June 13
723One Firm Is Way Ahead of Wall Street on BitcoinOne Firm Is Way Ahead of Wall StrGlenn Petersen1June 11
722SEC appoints a crypto quarterback in a key time for regulation The U.S. Securitkidl-June 5
721 The Eureka Moment That Made Bitcoin Possible A key insight for the technology Glenn Petersen3May 30
720Cryptocurrency Miners Make Big Promises In Small Towns npr.orgRon-May 28
719China Prosecutes 98 Over Alleged $2 Billion OneCoin Pyramid Scheme Wolfie Zhao Glenn Petersen1May 27
718Among other reasons....it's the Revolving Door SyndromeSavant-May 24
717I watch Bitcoin but don't trade it. That's probably why you survived nekidl-May 24
716Since I've been daytrading stocks and futures since the '90s, I tend to Ron-May 24
715While I think it’s great that these various (supposedly) watch dogs are taking akidl1May 24
714 Bitcoin manipulation probed: Shocked, simply shocked.. JUSTICE OPENS BITCOINRon4May 24
713SEC Chairman Issues Public Statement in Support of NASAA’s ‘Cryptosweep’ Thomkidl-May 23
712msn.comSavant-May 18
711Federal Reserve Bank of San Francisco says their study shows bitcoin took a hardRon-May 9
710Right, and they control the world right? Sounds like a conspiracy theory to me!virtual-May 3
709 True Nakamoto discovered>> Set up by the Illuminati & RotSavant-April 30
708Different way to invest in bitcoin This article is interesting and maybe providePat2018-April 26
707GBTC is the easiest way, but not the purest. I own GBTC in my IRA, but Bitcoin aGuy-April 26
706The easiest way to invest in Bitcoin if to buy US listed equity GBTC. It is a tElroy-April 25
70520% of financial firms like banks and hedge funds are looking to trade cryptocurJakeStraw-April 24
704 If you really want to do that, I suppose CoinBase or Gemini would be okay..alsoSavant-April 24
703What is the best way to invest in bitcoin? I don't want to mine btc.What do Pat2018-April 24
702I read recently that Bella Thorne, a popular celebrity among the younger crowd, J.F. Sebastian-April 22
701[graphic]Sultan1April 21
700Bitcoin 'miners' are losing money at any price below $8,600: Morgan Stankidl-April 20
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