Posted on 09/18/2021 11:11:09 AM PDT by jagusafr
Can somebody suggest a basic tutorial on bitcoin/Blockchain essentials?
Imagine, if you will, an ever-increasing investment interest in...say...tulip bulbs....
I second 99bitcoins. Here’s a link to a playlist of his, complete beginner’s guide to bitcoin; https://www.youtube.com/playlist?list=PLU52pNodXIGdM6XDgHVG7DsPytlsrR_6b
Nice short succinct video lessons.
Something I wish I had bought in to at 100.00. I’d be rich!
But it sounded like a Ponzi scheme...
https://www.freecodecamp.org/news/explain-bitcoin-like-im-five-73b4257ac833/
This is a good explanation.
To add on to your question, I want to know if Bitcoin and other cryptocurrencies stay in the ether and are for bartering only. If I have $10 million worth of Bitcoin, is there any way to trade it for cash, or can you only use it to purchase tangible items from those who will accept Bitcoin as payment?
If you can sell your Bitcoin to others for cash, how do you protect the transaction so that neither the seller nor buyer gets ripped off?
No, that would be the US Dollar and the DOW that better correspond to tulips.
Ahh, the age old question.
Andreas Antonopolous on YouTube is credible and not a shill. He will explain basic to complicated. Start with him.
Bkmrk
Evidently some countries are adopting bit coin, which is claimed to drive the price of it down- so I’d be cautious with it- unless you wanna gamble on shorting the stock if they have stock? I dunno- not really following it- just saw a few articles on countries adopting it and possibly tanking hte high prices for it as a result
It’s not good for your crypto to “stay in the ether.” Once you buy it on an exchange, it’s best to take it off the exchange. YOU are the bank when it comes to crypto currency. You can download it to a crypto wallet on a PC or a special USB called a cold storage wallet. If you want to convert it back to dollars, you sell it back to the exchange, where you can then transfer it to your bank account.
A bit late to the party, are we?
when the Bitkoin operator decides to unplug his website,
the “investors” will find out (in a hurry) what it was all about
You use exchanges such as Coinbase, Binance.US, Gemini or FTX to go from fiat currency to crypto. These are all legit. I would caution against leaving your coins on any exchange. For best security use a hardware wallet such as Ledger to securely hold your private keys. BTC is digital gold and an evolutionary currency that escapes the control of the banking cartel. I also recommend Ethereum, Cosmos (ATOM), and Cardano (ADA).
I’ve had some bitcoin for about 5 years. Really got into it just out of curiousity, not to make money, although obviously have. I’ve bought music, clothes, and made some donations with it. I think blockchain tech (doesnt have to be bitcoin) should replace credit cards online. That way a third party snooper would have totally worthless info after the transaction cleared (seconds).
when the Bitkoin operator decides to unplug his website,
the “investors” will find out (in a hurry) what it was all about
Look into it. No ‘operator’ can unplug bitcoin. Not even a country at this point. It is totally decentralized. And that is but one of its huge attributes. Your digital dollars in your bank account or brokerage are much more like baseless ether than crypto.
Please try to understand what you are talking about.
The only thing that could “unplug” bitcoin would be a Carrington Event style solar flare EMP event, and even then I imagine precautions will or are being made to secure that possibility.
It is an attempt to create a global currency independent of the Rothschild/Federal Reserve banking monopoly and its control of the global population.
I support the idea, but I am not sure it is sustainable.
It uses blockchain, a publicly distributed accounting system that is almost (operative word “almost”) impossible to embezzle.
It is also publicly auditable. Anybody can examine it and see all the transactions conducted by any entity, including government.
A world where anybody could audit government would be a completely different world.
Not quite. Bitcoin has been around for a very long time.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.