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WHAT IS BITCOIN AND ALL WHAT YOU NEED TO KNOW
#1
WHAT IS BITCOIN?
Bitcoin is a digital currency created in 2009 by a man whose alias was only known to be Satoshi Nakamoto. Bitcoin is a form of digital asset that is not printed like other currencies and no one controls it because there is no Bitcoin bank. Bitcoins are produced by people, and is used by people to purchase various things online (buying pizza, paying for web-hosting services, making internal payments easily and cheaply and paying hackers).  Bitcoin is not physical i.e. it can only be created (mined) or held electronically.

Who is Satoshi Nakamoto?
Satoshi Nakamoto is a software developer and in 2009 with the goal of producing currency independent of any central authority, he came up with the idea of bitcoin. Bitcoin is not a magic, not like dollar or pounds (which has some ties with gold/silver) but was created base on mathematical proof by the software developer.  The smallest divisible of Bitcoin is one hundred millionth of Bitcoin which is name after the developer of bitcoin i.e "Satoshi"

WHY BITCOIN?
As mentioned earlier illicit businesses adopt bitcoin payment so as to make their transaction non-traceable since no real name is needed. Even the real name of the developer is not know.  Bitcoins are used by small businesses to make transactions because there wont be credit card fees. From Nigeria, you can pay anybody in any part of the world instantly with bitcoin.  The coin can be transferred instantly and with very low transaction fees. THE REASON ITS UNIQUE IS BECAUSE NO INSTITUTION CONTROLS THE CURRENCY, PEOPLE ADOPT THE USE OF BITCOIN AS A MEANS OF TRANSACTION BECAUSE THERE TRANSACTION AND IDENTITY WILL BE ANONYMOUS.

IF ITS NOT PRINTED THEN HOW IS IT DISTRIBUTED?
Bitcoin is not printed but created and to "bitcoiners" its called "mining". Bitcoin is created digitally and one thing that makes it business oriented and meaningful is because of Satoshi rule of Bitcoin which stated that only 21 million of bitcoins can be mined (if not people would have seek having unlimited Bitcoins which will make the currency worthless). There are many bitcoin mining websites (called “bitcoin exchanges” which allow people to buy or sell bitcoins using different currencies. Mt.Gox is the largest bitcoin exchange in the world) but unfortunately they cant mine more than 21 million of the coin and that is why business oriented people are shifting there investment from physical business to Bitcoin hoping that they will go up in value if the currency becomes scarce.  People can also transfer Bitcoins to each other like using GTB mobile apps on mobile device or online like using GTB online banking. To transfer from one user to another is fast like transferring from one GTB account to another.

HOW IS BITCOIN MINED?
People compete online to solve Mathematics puzzle (complex one's) and once they are able to solve the puzzle Bitcoins will be awarded to such user. After being rewarded with Bitcoins, it can be store in a user "digital wallet" (can be called a user bank account in which the coins are stored) online or stored on users computer. Also users can get free bitcoins from moonbit. or click here: http://moonbit.co.in/?ref=9db8b522c394

WHY ITS UNIQUE FROM OTHER CURRENCIES
Bitcoins are not controlled by any bank and no tax will be charged by government from transferring a bitcoin from one user to another. All miners of Bitcoins makes part of Bitcoin network and a machine or a miner cant cause a meltdown or fraud people off there coins, even if the miners go offline for some critical reasons, the currency still keeps flowing.  To set up Bank account in Nigeria currently is like a desktop publisher student trying to design a website, its not an easy task. One need to go up and down to get your account running and after that, there comes the issue of BVN. Bitcoin address can be set up in minutes with no fees paid to get or bunch of question.
[url=http://moonbit.co.in/?ref=9db8b522c394][/url]

You can have many address with Bitcoins (its like having many accounts with banks) with one not linking to other. However the Bitcoin "Blockchain" (a public ledger) as it is called stores data of transaction among "bitcoiners". This public ledger uses X,Y and Z to represent the sender, reciever and network respectively. However nothing is controlled by anybody under Bitcoin.

If a user has publicly used his address, anyone can tell how many bitcoins stored on is address but nobody knows who owns the coin. Some people to avoid the public focus on so much coin in an address will have many address because one is not linked to another  Transactions with Bitcoins are fast and no tax would be collected by the government or anybody  for international or local transfer.  Once Bitcoins are sent, there is no chance of getting them back unless the receiver sends it back.

The coins can be stored in two places: on cloud or on computer. The ones stored on cloud can be hacked why the ones stored on computer can be infected by virus. Care must be taken when storing this coin.
You can help gistladen.com by dropping some satoshi's into our wallet. That will motivate us to conduct more research on some important topics
Our wallet ID is: " 3KZGE82enqFfMW6UX9H34WPkPcavjWS6vv "

You can ask any question concerning Bitcoins. We are here to answer you!!!
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#2
Bitcoin is the best crypto currency in the world currently
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#3
(01-18-2017, 07:50 PM)General Okoh Wrote:
WHAT IS BITCOIN?
Bitcoin is a digital currency created in 2009 by a man whose alias was only known to be Satoshi Nakamoto. Bitcoin is a form of digital asset that is not printed like other currencies and no one controls it because there is no Bitcoin bank. Bitcoins are produced by people, and is used by people to purchase various things online (buying pizza, paying for web-hosting services, making internal payments easily and cheaply and paying hackers).  Bitcoin is not physical i.e. it can only be created (mined) or held electronically.

Who is Satoshi Nakamoto?
Satoshi Nakamoto is a software developer and in 2009 with the goal of producing currency independent of any central authority, he came up with the idea of bitcoin. Bitcoin is not a magic, not like dollar or pounds (which has some ties with gold/silver) but was created base on mathematical proof by the software developer.  The smallest divisible of Bitcoin is one hundred millionth of Bitcoin which is name after the developer of bitcoin i.e "Satoshi"

WHY BITCOIN?
As mentioned earlier illicit businesses adopt bitcoin payment so as to make their transaction non-traceable since no real name is needed. Even the real name of the developer is not know.  Bitcoins are used by small businesses to make transactions because there wont be credit card fees. From Nigeria, you can pay anybody in any part of the world instantly with bitcoin.  The coin can be transferred instantly and with very low transaction fees. THE REASON ITS UNIQUE IS BECAUSE NO INSTITUTION CONTROLS THE CURRENCY, PEOPLE ADOPT THE USE OF BITCOIN AS A MEANS OF TRANSACTION BECAUSE THERE TRANSACTION AND IDENTITY WILL BE ANONYMOUS.

IF ITS NOT PRINTED THEN HOW IS IT DISTRIBUTED?
Bitcoin is not printed but created and to "bitcoiners" its called "mining". Bitcoin is created digitally and one thing that makes it business oriented and meaningful is because of Satoshi rule of Bitcoin which stated that only 21 million of bitcoins can be mined (if not people would have seek having unlimited Bitcoins which will make the currency worthless). There are many bitcoin mining websites (called “bitcoin exchanges” which allow people to buy or sell bitcoins using different currencies. Mt.Gox is the largest bitcoin exchange in the world) but unfortunately they cant mine more than 21 million of the coin and that is why business oriented people are shifting there investment from physical business to Bitcoin hoping that they will go up in value if the currency becomes scarce.  People can also transfer Bitcoins to each other like using GTB mobile apps on mobile device or online like using GTB online banking. To transfer from one user to another is fast like transferring from one GTB account to another.

HOW IS BITCOIN MINED?
People compete online to solve Mathematics puzzle (complex one's) and once they are able to solve the puzzle Bitcoins will be awarded to such user. After being rewarded with Bitcoins, it can be store in a user "digital wallet" (can be called a user bank account in which the coins are stored) online or stored on users computer. Also users can get free bitcoins from moonbit. or click here: http://moonbit.co.in/?ref=9db8b522c394

WHY ITS UNIQUE FROM OTHER CURRENCIES
Bitcoins are not controlled by any bank and no tax will be charged by government from transferring a bitcoin from one user to another. All miners of Bitcoins makes part of Bitcoin network and a machine or a miner cant cause a meltdown or fraud people off there coins, even if the miners go offline for some critical reasons, the currency still keeps flowing.  To set up Bank account in Nigeria currently is like a desktop publisher student trying to design a website, its not an easy task. One need to go up and down to get your account running and after that, there comes the issue of BVN. Bitcoin address can be set up in minutes with no fees paid to get or bunch of question.
[url=http://moonbit.co.in/?ref=9db8b522c394][/url]

You can have many address with Bitcoins (its like having many accounts with banks) with one not linking to other. However the Bitcoin "Blockchain" (a public ledger) as it is called stores data of transaction among "bitcoiners". This public ledger uses X,Y and Z to represent the sender, reciever and network respectively. However nothing is controlled by anybody under Bitcoin.

If a user has publicly used his address, anyone can tell how many bitcoins stored on is address but nobody knows who owns the coin. Some people to avoid the public focus on so much coin in an address will have many address because one is not linked to another  Transactions with Bitcoins are fast and no tax would be collected by the government or anybody  for international or local transfer.  Once Bitcoins are sent, there is no chance of getting them back unless the receiver sends it back.

The coins can be stored in two places: on cloud or on computer. The ones stored on cloud can be hacked why the ones stored on computer can be infected by virus. Care must be taken when storing this coin.
You can help gistladen.com by dropping some satoshi's into our wallet. That will motivate us to conduct more research on some important topics
Our wallet ID is: " 3KZGE82enqFfMW6UX9H34WPkPcavjWS6vv "

You can ask any question concerning Bitcoins. We are here to answer you!!!

REad!!
Dont hesitate to join the discussion,signup in less than 3 min.
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