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A person or group, or the real progenitor of them plenty of murkiness and many.
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| Youtube bitcoin explained | While there are some places where you can spend bitcoin, many people just hang on to them, like you would with other long-term investments. Now another question you might have is why do people even bother with bitcoins in the first place. Took about two minutes of listening to the "what is bitcoin" to figure that out. Video transcript But what I wanted to do in this video is talk about what a bitcoin is in more general terms and what differentiating characteristics they have compared to other approaches. When you think about a traditional currency like a dollar, if I want to transact something online, typically I need a bank account, I need a credit card, and so on and so forth. |
| Youtube bitcoin explained | Then we often take it for granted that there are people out there who may not have access to a credit card, who may not have a bank account. Mining can still occur whether transactions are added to the blockchain or not. I guess this goes for every transaction. There's no bank or centralized entity that can really control what's happening in the bitcoin ecosystem. How can I trust that the person will honour the contact. It's all done in this kind of ad hoc fashion. |
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Explain BITCOIN to Complete Beginners: Ultimate Guide!!Bitcoin & Cryptocurrency � How Cryptocurrencies Actually Work: Bitcoin Explained � The real value of bitcoin and crypto currency technology - The. A cryptocurrency is a digital or virtual currency secured by cryptography, which makes it nearly impossible to counterfeit or double-spend. Nico talks with Samson Mow of Jan3 on the mission to accelerate hyperbitcoinization. #bitcoin RECOMMENDED BITCOIN NODE ? Start9.
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