bitcoin reddit eli5

from it, or currency backed by hard commodities such as gold? How is the value of bitcoin determined, and what backs the currency? I didn't realize this was such a controversial subject. A large percentage of Bitcoin enthusiasts are libertarians, though people of all political philosophies are welcome. As a reminder, we've covered bitcoin, blockchain and cryptocurrency several times in this sub. I don't even know how to ask the question. Help answer common questions. What is bitcoin mining? Bitcoin is a distributed, worldwide, decentralized digital money. Edit: It looks like there's a lot of down-voting going.

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And how is it used? Bitcoins are issued and managed without any central authority whatsoever: there is no government, company, or bank in charge of Bitcoin. 4 comments; ELI5: How does Bitcoin work if it s quandl bitcoin päivää tuhottu decentralized? Here are a couple of interesting what is Bitcoin threads: ELI5. Bitcoin is the currency of the Internet: a distributed, worldwide, decentralized d igital money. Unlike traditional currencies such as dollars.

Bitcoin reddit eli5
bitcoin reddit eli5

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