Bitcoin

What is Bitcoin?

It is an electronic payment system on the internet. It uses public key encryption. There is a private and public key that is used for the transaction.

Here is a 9 minute video that explains what Bitcoin is. This video was posted on Youtube on May 3, 2013 when the price of a bitcoin was around $100.

The price as of March 15, 2021 is $56,517

Bitcoin History

https://en.wikipedia.org/wiki/History_of_bitcoin

Bitcoin FAQ

What is a public key in Bitcoin?

A bitcoin public key is another large number but allows bitcoin to be locked and received. It's called a public key because it is meant to be shared publicly and enables you to receive funds.

Does Bitcoin use public key cryptography?

In bitcoin, we use public key cryptography to create a key pair that controls access to bitcoin. The key pair consists of a private key and—derived from it—a unique public key. The public key is used to receive funds, and the private key is used to sign transactions to spend the funds.

What does Bill Gates think of Bitcoin?

Bill Gates. Microsoft cofounder Bill Gates told Bloomberg he isn't bullish on bitcoin, and warned against jumping into the trade. People who don't have as much money to spare as Tesla CEO Elon Musk should watch out, he said. The climate activist thinks that anonymity behind bitcoin transactions is not a good thing.

What did Warren Buffett say about Bitcoin?

Warren Buffett has repeatedly criticized Bitcoin and other cryptocurrencies as risky and worthless. "I can say almost with certainty that they will come to a bad ending," the billionaire investor and Berkshire Hathaway CEO said. Bitcoin has skyrocketed as much as 350% in the past year to record highs.

Does Amazon accept Bitcoin? Amazon has a massive 47% market share of the US e-commerce retail market, with net revenues in excess of $280 billion (as of 2019), and plays host to over 150 million Prime users worldwide. ... And yet, from as far back as 2014, Amazon has refused to accept Bitcoin.Feb 12, 2021

What does Elon Musk say about Bitcoin? In a tweet, Elon Musk said Bitcoin prices “seem high.” The world's richest person was replying to Peter Schiff -- a crypto skeptic and gold bug -- who said the precious metal is better than Bitcoin and fiat money. “Money is just data that allows us to avoid the inconvenience of barter,” Musk tweeted.Feb 20, 2021

What is a twitter hashflags

I see that Bitcoin has a hashtag on Twitter with an emoji attached. These are called hashflags.

https://createthatcommunications.com/hashflags/

What is Microstrategy?

https://www.microstrategy.com/en/bitcoin

What is fiat money?

https://www.britannica.com/topic/fiat-money

What is Bitcoin mining?

JavaScript Miner

https://github.com/travist/Jilaku

Python Miner

This miner is written in python. It will therefore be slow, but it might be a good starting point to understand the process of what is happening and see it in action.

https://github.com/jgarzik/pyminer

BFG Miner

https://linuxhint.com/bfgminer-ubuntu/

Bitcoin and privacy

https://en.bitcoin.it/wiki/Privacy

Accept Bitcoin payments on website

https://www.a2hosting.com/blog/accept-bitcoin-payments/

Linux App

https://electrum.org

Review of App

https://www.bitdegree.org/crypto/electrum-wallet-review