Bitcoin Doesn’t Have To Be Complicated
In this episode of “Meet The Taco Plebs,” I sat down with Nameless to discuss simplifying complex ideas related to Bitcoin.Watch This Episode On YouTubeListen To This Episode:BitcoinTVAppleSpotifyGoogleLibsynOvercastBitcoin can be a daunting thing to learn about. It involves the study of several different fields, from computer science to economics. At Bitcoin Magazine, we always hope to be able to educate our readers on the basics of Bitcoin. We offer a guides section, and have a large selection of books in our store. One of my parts about the magazine are contributor articles designed to....
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Would you like to buy some bitcoin? Have a friend who’s been asking you how to get into bitcoin, but doesn’t like things complicated? Starting today, you can buy bitcoin right here on Bitcoin.com – even with a credit card! Get Bitcoin with a Credit Card, Right Here. The Bitcoin.com Buy Bitcoin Page is making it easier to get bitcoin by partnering with....
Bitcoiners love to believe their complicated version of money will win hearts and minds. But they might be overlooking one crucial aspect – most people don’t even understand traditional finance, let alone the uber complicated digital finance of the future. Almost two thirds of Americans can’t calculate interest payments. Yet, Bitcoiners believe their complicated digital currency, which incorporates encryption and deflation, will catch on and “revolutionize” finance. A new study released today determined nearly two-thirds of Americans would fail a basic financial literacy test. They got....
On Thursday morning July 17, the NYSDFS issued the first draft of their proposal for the BitLicense that companies must obtain in order to do business with New York Residents. I decided to wait an entire week to absorb all the information in an attempt to clear up some of the confusion in the wording; for both myself and those interested in Bitcoin who are relying on people with experience to guide them. What we are all learning is that no matter how complicated something might be, there is always a way to make it more complicated by adding a layer of laws and regulation no two lawyers....
Ray Dalio owns some Bitcoin, but in an interview with CNBC on Wednesday he demonstrated that he still doesn’t understand it or believe it to be a superior store of value to gold.
The whole Bitcoin network is pillared on mining. Bitcoin mining is the way bitcoins are minted and transactions are processed over the network. Bitcoin mining involves using computing power to solve complicated mathematical/cryptographic problems using complicated algorithm and specialized software. The processing power required to solve these problems is contributed by computing devices connected to the Bitcoin network and they are known as miners. Bitcoin mining ensures the security of the network and confirms each and every transaction taking place over the entire network. Fresh....