Bitcoin !! i dont get it !!

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Bitcoin !! i dont get it !!

Post by Intrinsic »

Since I’m new to this game, I cant explain this well, that is I have a hard time myself, but the point I do know that is whole point is not needing to store the private key, just the public half, on the computer jes for that reason But read up on public/private key encryption, maybe you can fare better at it with a layman explanation.

Ya don’t need to store it to check against the public key, verifies cause they are mathematically linked. No need to store the private key, only the public key.

Sorry for the poor explanation

Try this:
http://en.wikipedia.org/wiki/Public-key_cryptography" onclick="window.open(this.href);return false;
and this
http://www.comodo.com/resources/small-b ... cates2.php" onclick="window.open(this.href);return false;

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Bitcoin !! i dont get it !!

Post by dill786 »

by dill786 » Tue Nov 05, 2013 8:06 pm

I dont understand how it gets valued !???? right now 1 bitcoin is worth £145 sterling.
bitcoin value as of today !!
1 Bitcoin equals
5873.27 British Pound

which is $7762.11 (USD)

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Post by dill786 »

1 Bitcoin equals
8724.30 British Pound

:bonghitter:

i had the chance to buy some when 1 bitcoin was £145.00

fuck man i should have listened to my instinct.

no point in crying over spilt milk now !!

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Bitcoin !! i dont get it !!

Post by bentech »

I got advised to buy bitcoins back in 11'
and I had some money then too!

but the process was to complicated and I didn't really have much of an urge

mistake

I read that its headed to at least 25,000 in the next couple years
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Post by dill786 »

man throws away his hard drive by mistake containing £75 million pounds worth of bitcoins

http://www.dailymail.co.uk/news/article ... llion.html" onclick="window.open(this.href);return false;

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Post by bentech »

According to new research from Chainalysis, a digital forensics firm that studies the bitcoin blockchain, 3.79 million bitcoins are already gone for good based on a high estimate—and 2.78 million based on a low one. Those numbers imply 17% to 23% of existing bitcoins, which are today worth around $8,500 each, are lost.

http://fortune.com/2017/11/25/lost-bitcoins/" onclick="window.open(this.href);return false;
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Post by bentech »

The twin brothers who gained notoriety for suing Mark Zuckerberg over the claim that they started Facebook have done remarkably well in the wake of Bitcoin's record gains. From a report:
Cameron and Tyler Winklevoss won $65 million from the Facebook lawsuit, and invested $11 million of their payout into Bitcoin in 2013, amassing one of the largest portfolios of Bitcoin in the world -- 1 percent of the entire currency's dollar value equivalent, said the twins at the time. Their slice of the Bitcoin pie is now worth over $1 billion after Bitcoin surged past $10,000 last week to now trade at $11,100, according to CoinDesk.

https://www.theverge.com/2017/12/4/1673 ... ires-surge" onclick="window.open(this.href);return false;
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Post by dill786 »

really simple explanation on bitcoin currency

on $10,000 ( 1 bit coin) it can get you over $80,000 in interest in a year..


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Post by dill786 »

fucking madness

https://www.youtube.com/watch?v=QReUkg6EWf8" onclick="window.open(this.href);return false;

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Post by dill786 »

has anyone bought bitcoins on the forum??

is it an easy procedure?

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