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Bitcoin - The Currency of the Internet
A community dedicated to Bitcoin, the currency of the Internet. Bitcoin is a distributed, worldwide, decentralized digital money. Bitcoins are issued and managed without any central authority whatsoever: there is no government, company, or bank in charge of Bitcoin. You might be interested in Bitcoin if you like cryptography, distributed peer-to-peer systems, or economics. A large percentage of Bitcoin enthusiasts are libertarians, though people of all political philosophies are welcome.
/btc was created to foster and support free and open Bitcoin discussion about cryptocurrency, Bitcoin news, and exclusive AMA (Ask Me Anything) interviews from top Bitcoin and cryptocurrency leaders. Bitcoin is the currency of the Internet. A distributed, worldwide, decentralized digital money. Unlike traditional currencies such as dollars, bitcoins are issued and managed without the need for any central authority whatsoever. Learn more about Bitcoin, Bitcoin Cash, cryptocurrency, and more.
Craig Wright claims he’s received keys to ‘Satoshi’ Bitcoin stash worth $8.6B. The person holding the private keys to Craig Wright‘s Bitcoin stash, which are at the center of a legal dispute with the Kleiman estate, has allegedly arrived.
Captain of Butt Industry proposes to burn Satoshi's bitcoins as a way to force him out of hiding. Proposal rejected on ethical grounds (and because it makes it evident how easy it would be to confiscate coins, create extra coins, etc.)
The Satoshi Bitcoin Converter is now awebapp rather than being only a native Android app. This should (a) help resolve issues some people had while loading the current price, (b) should ease hurdles related to apps in the Google Play store, and (c) should allow iOS users to put the app to use.
What is a Satoshi? Each bitcoin (BTC) is divisible to the 8th decimal place, so each BTC can be split into 100,000,000 units. Each unit of bitcoin, or 0.00000001 bitcoin, is called a satoshi.A Satoshi is the smallest unit of Bitcoin. The satoshi is currently the smallest unit of the bitcoin currency recorded on the block chain. It is a one hundred millionth of a single bitcoin (0.00000001 BTC). The unit has been named in collective homage to the original creator of Bitcoin, Satoshi Nakamoto. All amounts in the block chain are denominated in satoshi before being converted for display. Satoshi is a smallest part of bitcoin. The price of Satoshi is 0.00000001 BTC, or 100 000 000 Satoshi will be equal to one bitcoin. Convenient for microtransactions. Especially it is convenient in bitcoin faucets. What is Bitcoin? Bitcoin is the first digital currency.It uses the peer-to-peer protocol to make instant payments. It was created in 2009 by an anonymous developer (or a group of developers) whose pseudonym is Satoshi Nakamoto. Satoshi is a structural part of the Bitcoin cryptocurrency, which is one hundred millionth of bitcoin.Such small units facilitate transactions with BTC. The total structural component of 1 bitcoin (BTC) is equivalent to 1000 millibits (mBTC), 1,000,000 microbe (mkBTC) or 100,000,000 Satoshi.
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