Explain bitcoin like im five

Like an app, or banking transactions are running on ether network, call it blockchain.

How does Bitcoin work? - Bitcoin

Source: reddit.com. 58 notes. 58 notes coffee- studyblr liked this. dawnglade liked.Become the best Bitcoin miner and learn how to mine Bitcoins with the best Bitcoin mining.Not sure if that was the kind of depth you were looking for, there are tons of other coins as well, and as I said, the cryptocurrency sub is where you wanna be for these kinds of questions.There is a lot of stuff running on eth blockchain and you are contributing to help with eth network transactions and getting paid out in coins.

By the way, guys, here is my mining guide if you have nVidia hardware.If you want to get rich from it you would need a time machine to go back 4 years or have a massive state of the art mining farm with cheap electricity.Thanks to Monero developers and community members that answered questions that contributed to the content in this site: jollymort, hyc, moneromoo, smooth, jwinterm, debruyne, fluffypony, pero, needmoney90, ferretinjapan, idunk, saddam, wolf0, daveyjones, snipa, gingeropolous, markos, othe, m5m400, luigi1111, kenshi84.

A low-level explanation of the mechanics of Monero vs Bitcoin in plain English.Monero is a secure, untraceable and resilient digital currency.

Why Bitcoin Matters - The New York Times

Explain Like I'm 5 - Home | Facebook

xkcd: Like I'm Five

Bitcoin Stack Exchange is a question and answer site for Bitcoin.

Explain It To Me Like I'm A 5 Year Old - Quora

Unlike traditional currencies such as dollars, bitcoins are issued and.Because the movements of funds are kept private, no one can tell how rich anyone else is.The Bitcoin difficulty level recently increased by 7.09% recently.You can monitor your mining at zpool.ca. They will pay you out every Sunday evening so long as you have met the minimum threshold.The official Bitcoin Core software client is used by bitcoin.

Eli5 – Explain Like I`m Five

In order to decide which block of transactions will be entered next to the blockchain.Just walk away if other kids ever pressure you to mine for poop.Once it has benchmarked all the coins, shut down the mining (you will need to close two windows).

Since my last posts explaining how Bitcoin works were a bit of a success, I figured I would continue the series.

Research Paper Makes the Case for a $5.8 Million Bitcoin

Easiest way to explain it without confusing the shit out of you, lol.Yes, mining burns a lot of electricity, that is a good point and it is a legitimate environmental issue to consider.So if you wanted to exchange your coins for ammo, jus bank out.

Really the bottom line is people put value in it which makes it, well valuable.Mining in cryptocurrency is basically, the work of those trustees. they move money and verify it with the math.

1364: Like I'm Five - explain xkcd

Well you are contributing to diminishing the planets resources for something that is immaterial, unlike steel.You can follow us and laugh along with Bitcoin and other cryptocurrency projects on our twitter,.

Explain to me like I'm five... | FinHeaven - Miami

Bit Coin. Please explain it to me like I am a 3 year old

Short Selling Explained: What it Means to Short a Stock

What is produced is a secure method to do transactions not limited by governments which has its own value.

Bitcoin - Wikipedia

Can someone explain digital currencies to me like I'm

Explain Like I’m 5: Why Is Dairy Not the Best Source of

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