Post: Can someone explain Bitcoin to me?
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08-25-2015, 12:43 AM
#1
IRAQ
WHY so SERIOUS ?
iv searched for hours now and still cant figure bitcoin out
so can someone explain bitcoin to me briefly?
how can i add bitcoins to my wallet and then send them to someone if im buying something from them?
08-25-2015, 03:13 AM
#3
Rath
Today Will Be Different
It's an uncentralized cryptocurrency. It's solely peer to peer and transactions are validated in blocks which are mined again by peers. There are two ways to obtain bitcoin, using an exchange or by mining. The latter being almost impossible now unless you got a lot of money to spend on ASIC miners. There are multiple exchanges to use, btc-e being one of the largest. Of course you'll need to download a bitcoin wallet, which you can get from the official bitcoin website. And to send bitcoin to someone you have to get their wallet address.
In regards to being used on the "dark net" you can actually use bitcoin to purchase products off of Overstock. So it's not solely "dark net," as there are many legitimate uses for bitcoin and other cryptos for the matter.
In regards to being used on the "dark net" you can actually use bitcoin to purchase products off of Overstock. So it's not solely "dark net," as there are many legitimate uses for bitcoin and other cryptos for the matter.
The following 2 users say thank you to Rath for this useful post:
08-25-2015, 04:08 AM
#4
avatar1o1234
Samurai Poster
Originally posted by IRAQ
im not sure if this is the right section to post but if its not then admin please move it.
iv searched for hours now and still cant figure bitcoin out
so can someone explain bitcoin to me briefly?
how can i add bitcoins to my wallet and then send them to someone if im buying something from them?
iv searched for hours now and still cant figure bitcoin out
so can someone explain bitcoin to me briefly?
how can i add bitcoins to my wallet and then send them to someone if im buying something from them?
Originally posted by ItrickshotzzS
It's an online currency used in the dark net
Originally posted by Dr
It's an uncentralized cryptocurrency. It's solely peer to peer and transactions are validated in blocks which are mined again by peers. There are two ways to obtain bitcoin, using an exchange or by mining. The latter being almost impossible now unless you got a lot of money to spend on ASIC miners. There are multiple exchanges to use, btc-e being one of the largest. Of course you'll need to download a bitcoin wallet, which you can get from the official bitcoin website. And to send bitcoin to someone you have to get their wallet address.
In regards to being used on the "dark net" you can actually use bitcoin to purchase products off of Overstock. So it's not solely "dark net," as there are many legitimate uses for bitcoin and other cryptos for the matter.
In regards to being used on the "dark net" you can actually use bitcoin to purchase products off of Overstock. So it's not solely "dark net," as there are many legitimate uses for bitcoin and other cryptos for the matter.
Lol don't get caught on the dark web.
08-26-2015, 08:02 AM
#5
Kas
Guest
Originally posted by Dr
It's an uncentralized cryptocurrency. It's solely peer to peer and transactions are validated in blocks which are mined again by peers. There are two ways to obtain bitcoin, using an exchange or by mining. The latter being almost impossible now unless you got a lot of money to spend on ASIC miners. There are multiple exchanges to use, btc-e being one of the largest. Of course you'll need to download a bitcoin wallet, which you can get from the official bitcoin website. And to send bitcoin to someone you have to get their wallet address.
In regards to being used on the "dark net" you can actually use bitcoin to purchase products off of Overstock. So it's not solely "dark net," as there are many legitimate uses for bitcoin and other cryptos for the matter.
In regards to being used on the "dark net" you can actually use bitcoin to purchase products off of Overstock. So it's not solely "dark net," as there are many legitimate uses for bitcoin and other cryptos for the matter.
Thank you Rath, for such a great explanation.
Originally posted by IRAQ
im not sure if this is the right section to post but if its not then admin please move it.
iv searched for hours now and still cant figure bitcoin out
so can someone explain bitcoin to me briefly?
how can i add bitcoins to my wallet and then send them to someone if im buying something from them?
iv searched for hours now and still cant figure bitcoin out
so can someone explain bitcoin to me briefly?
how can i add bitcoins to my wallet and then send them to someone if im buying something from them?
There, your question has been answered, thread closed.
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