Bitcoins - was ist das? - CHIP

No, it isn't bits, millibits or bitcoin-bong. It's dollars, euros and yuan (or jollies?), and that is what wallets should show. /r/Bitcoin

No, it isn't bits, millibits or bitcoin-bong. It's dollars, euros and yuan (or jollies?), and that is what wallets should show. /Bitcoin submitted by BitcoinAllBot to BitcoinAll [link] [comments]

BitNFC - An NFC Bitcoin Wallet for Android, and Coinbase #BitHack project, is now live!

BitNFC - An NFC Bitcoin Wallet for Android, and Coinbase #BitHack project, is now live! submitted by makevoid to Bitcoin [link] [comments]

This is why we need a serious discussion about changing to a smaller unit for bitcoin

I feel this community is a missing a big opportunity to further drive bitcoin adoption. Published in this article today is the following statement:
Which makes bitcoin super-appealing, if you can get past the expensive exchange rate — as of publication, one bitcoin was worth nearly US$500.
This is just one example, but when you couple this with the ridiculous amount of sub units bitcoin has, it's far to confusing for non-bitcoiners. Heck, looking at that wiki list of bitcoin sub units above, even I'm confused.
This community, being one of the largest in the bitcoin space, almost has a responsibility to at least seriously discuss changing the default unit for bitcoin and how we could possibly implement this. Because realistically this can't be enforced; but if this sub-reddit, the core developers and majority of exchanges are on board, well that's a start.
submitted by Cygnify to Bitcoin [link] [comments]

Made my first big mistake with bitcoin.

I spent the last year abroad as a visiting student. Few days before leaving the country I still had some leftover cash in the currency I would soon not need. I saw a bitcoin atm and, being a student and wanting no money to go to waste, decided to deposit the money as bitcoin instead of keeping the foreign currency. I put it on a Android app wallet.
Arrived home, phone needed unlocking from the foreign network. I did it myself. Forgot about the wallet. Bitcoin lost forever. Granted, 80mBTC is not much as far as people's losses go but for a student with a negative income it pains all the same. I guess that's it for my adventure with bitcoin.
Don't be stupid like me. Make backups.
EDIT: Guys, thanks a lot for the tips but please don't send any more. I really didn't post it seeking seeking pity money...
submitted by Sanuuu to Bitcoin [link] [comments]

Bitcoin vs. Bits: Bitcoin Foundation Financial Standards Working Group detailed plans - please discuss

This is from the Financial Standard's Working Group:
Draft Plan 'A' - "bits"
This is one of three draft plans for the recommendations of the Financial Standards Working Group of the Bitcoin Foundation.The five principal standardization tasks are
As these plans are for interchange of data between systems and people, it says nothing about display options for wallets, websites, etc, where a person is communicating with themself. Therefore the distinct aspects of the proposal are for the same unit.
The Bitcoin Foundation shall fund a design bounty for a community competition to design a glyph for the unit. The Bitcoin Foundation shall fund two professionals: one to prepare and advocate for a proposal for an ISO 4217 code, and one to prepare and advocate a proposal for a Unicode codepoint for the winning glyph.
Examples: A pack of gum (around USD 1.00): XBI 2,860 Lunch in Tokyo (around USD 10.00): XBI 28,570 A feature phone (around USD 100.00): XBI 285,710 A decent laptop (around USD 1,000): XBI 2,857,100 A decent used car (around USD 10,000): XBI 28,571,000
This proposal represents a unit that is fairly new to the ecosystem, but which has increasing adoption among users to the extent that the majority of users self-report preferring it to option A.
Advantages: Existing usage and increasing adoption. Small-valued units make the currency seem more accessible to new users.
Disadvantages: Such a small-valued unit may cause Bitcoin to be perceived as a joke currency. The principal unit is too small to be accepted by the network; values below 54.30 millis are considered "dust".
Draft Plan 'B' - "bitcoins"
This is one of three draft plans for the recommendations of the Financial Standards Working Group of the Bitcoin Foundation. The five principal standardization tasks are
As these plans are for interchange of data between systems and people, it says nothing about display options for wallets, websites, etc, where a person is communicating with themself. Therefore the distinct aspects of the proposal are for the same unit.
The Bitcoin Foundation shall fund two professionals: one to prepare and advocate for a proposal for an ISO 4217 code, and one to prepare and advocate a proposal for a Unicode codepoint.
This proposal suggests a unit that has the most history in the ecosystem of the alternatives, but that has fallen out of favor for the majority of participants because the value is inconvenient for most everyday uses. Examples: A pack of gum (around USD 1.00): XBT 0.00286 Lunch in Tokyo (around USD 10.00): XBT 0.02857 A feature phone (around USD 100.00): XBT 0.28571 A decent laptop (around USD 1,000): XBT 2.8571 A decent used car (around USD 10,000): XBT 28.571
Advantages: This unit has the most "history" in the ecosystem. The ISO 4217 code has started to get some use (though less than BTC and not for interchange as an ISO code). This existing use may make the difference between success and failure in acceptance of an ISO 4217 application for a currency code.
Disadvantages: This is an inconvenient unit for day-to-day transactions If users attempt to select a more convenient unit for their wallet application, they will have to convert when they receive an invoice, check, etc. There is an increasing movement in the ecosystem away from this unit, to the extent that most users self-report that they prefer a different unit. Most accounting software is not prepared to handle 8 digits after the decimal.
Draft Plan 'C2'
This is an alternative form for one of three draft plans for the recommendations of the Financial Standards Working Group of the Bitcoin Foundation.
The five principal standardization tasks are
As these plans are for interchange of data between systems and people, it says nothing about display options for wallets, websites, etc, where a person is communicating with themself. Therefore the distinct aspects of the proposal are for the same unit.
The Bitcoin Foundation shall fund a design bounty for a community competition to design a glyph for the unit.
The Bitcoin Foundation shall fund two professionals: one to prepare and advocate for a proposal for an ISO 4217 code, and one to prepare and advocate a proposal for a Unicode codepoint for the winning glyph.
A pack of gum (around USD 1.00): XMB 2.86 Lunch in Tokyo (around USD 10.00): XMB 28.57 A feature phone (around USD 100.00): XMB 285.71 A decent laptop (around USD 1,000): XMB 2857.10 A decent used car (around USD 10,000): XMB 28571
This proposal deserves a bit of an explanation. The other two proposals have disadvantages in that they go too far in one direction (too large valued units, necessitating small decimals that are hard to read) or the other direction (too small valued units, necessitating large integer number of units for moderate-sized purchases). This proposal attempts to strike a balance, noting that many bitcoin websites and tools offer this transaction unit (and unit name) as an option that is already widely used.
A variation on this theme would use the existing Unicode codepoint U+20A5 ₥, MILL SIGN, which appears in the currency block. In that case we would call the unit "mill".
Advantages: This unit is already widely used in the ecosystem. This is a convenient unit for a wide range of transaction values. This choice of unit and name leave room for expansion in both directions.
Disadvantages: We do not yet have a design for the required glyph. Most accounting software is not prepared to handle 5 digits after the decimal. On the other hand only two are significant for accounting purposes.
submitted by BitsofBitcoins to Bitcoin [link] [comments]

Where to get a Bitcoin Cash "Core" wallet?

I have hundreds of private keys from 2011-2013 that I think has a couple of millibits left on them since they used to be worth nothing. How do I get a bitcoin cash wallet where I can put in those private keys (not a wallet file)? Google hasn't helped.
submitted by edm_4_magic to btc [link] [comments]

Let China detach as we did with Gox

Make your own conclusion.
Point of view 1: CNY, 7% ? USD 87% ? edit: this is a % of the volume, not a % of the total money invested
Point of view 2: An other view: USD volume: 78%, CNY volume: 13%. edit: same here
At the moment it seem we are dumping more than them ? Are they really driving the price ? edit: this is not including Huobi & OKCoin volumes.
Link to some other threads:
I'm not trading, but this looking weird to me.
edit As said above I'm not a trading and my understanding in this domain is limited. Please correct me if I'm doing bad.
From my point of view, something isn't logic and sound wrong. I'm not looking into the daily volume because I think it's not revealant enough. 1 person investing $1k, to buy/sell only one time, will generate less volume than 20 persons, investing $25, buying/selling 20 times. But this 1 person invested more money than the 20 others together. So I'm watching into the depth. It seem a lot of peoples think Huobi are faking the data, but let's suppose they don't. I made 2 small graphs (only Bitstamp vs Huobi | $1 = 6.25 CNY): We seem to have more buy power than them on the short term (hard to say on the long term as I can't find the whole Huobi depth). We have to sell more than them to get on the same level ? I just don't understand how they can drive the price so strongly, and why we are falling in this.
edit2 quoting da_unique
Those Chinese also do not run full node wallets or miners, if this source is correct: As long as huobi and the likes fakes their volume, and people keep abusing this fud to earn a quick buck, I guess we will be goxed for the coming 10 years.
submitted by Matteuzs to Bitcoin [link] [comments]

Thoughts on the current state of Bitcoin from someone who participates in much of the ecosystem [and tipping thread ;) ]

Hey guys,
So this is something I've been looking at for a while now, and kind of seeing some things die and other things be born. Some things are getting easier, and other things getting more difficult. I want to take this time to outline the last few months and how my sentiment is reflected towards the market. I have to say, the market generally matches how my "emotions" playout towards the ecosystem as a whole.
I'll outline just a few short things on both the bearish and the bullish sides of my sentiment, even if things don't effect the overall sentiment much (at least according to most traders and people) I'd like to point them out because I view them as notable.
Some of the not so good things that have been happening:
Anyway, in many respects it feels like a lot of the bitcoin ecosystem is dying, and maybe we should all panic, cry, and shit our pants, but a few things haven't been going badly, and in fact, I'm looking optimistic that the next time a surge of new users enters the market for whatever reason, there will be a much more developed and kind ecosystem to take part of. No one is going to be touting the next 5 second confirmation coin, no more of the ubiquitous "investment" opportunities that await the uninitiated.
Other than my love for bitcoin in general, this is what makes me not panic sell, and what keeps me optimistic about the bitcoin future:
Alright guys, thats my sentiment overview, and I hope it wasn't tl;dr for most of you. But one last thing I want to point out in terms of user growth. We need to break out of our comfort zone. We need to help people get into it. That btctipping dude? He has the right idea, except, it does kinda feel like he's promoting his own website? I dunno? Anyway, Changetip some newbies. Just the other day in the reddit lounge I tipped a guy a coffee, and he then said "Man that was evil, now I have to spend the next hour learning all about bitcoin"... who knows, maybe his sentiment that the media helped paint is one shade lighter now just from a a couple millibit tip. You can do that too, and I'm here to help you get started. I've got some millibits to give away, give me some awesome feedback, criticism or build your own thoughts on this thread. I tip you, then you go pay it forward. Lets do this!!!
submitted by googlemaster1 to Bitcoin [link] [comments]

Do not create myths. Learn how it works.

(non-native English here)
For a long time I have noticed that a lot of people in bitcoin community is starting to create myths, or bad traditions. We should inform ourselves and teach correctly, not spread myths.
Example: In the past, using brainwallet was a normal thing, supports the directly importation and everyone was happy. After a while, some people (mainly the newbies) start to use weak brain wallets and some coins was lost. It forces to take an action and remove this feature, and now if you say "brain wallet" people start to scream and cry. Stop misinformation! Brain wallets are great and I always used it since 2011 and never never lost one little Satoshi.
Look this post, for example: people start to random saying "don't use brain wallet" without even know why, and downvoted like hell a legit question.
Stop to say "don't use it, don't use that" if you don't know what the hell are you talking about. Everyone is free to use what they want. Security is a risk management, and if I want to use to store some coins, if I want to use strong brain wallets to store all my coins, or if someone want to use a rooted Android to store some millibits, or ... doesn't matter. Let people try, let them make mistakes. You can teach something like "sometimes it is not a good idea to make that way because of X Y Z, or read this article.", but just say "don't use that! Don't do that!" does not help anything. It just spread myths, hoax and FUD.
submitted by felipelalli to Bitcoin [link] [comments]

The debate between mBTC and bits

I'm annoyed right now because I downloaded Bread Wallet and set it up, which took forever to sync. Then I find out there's no way (even for "power users") to change the denomination from bits to mBTC (millibits) or BTC. Bread wallet is now uninstalled. I find the Mycelium user interface and menus to be much more usable anyways.
Is everyone actually on board with the idea of using bits? I prefer my wallet to display BTC, but I also like the idea of millibits.
Bitcoin is already confusing to use for many people, and Bread Wallet and other "bits" proponents want users to have to move decimals over 6 places in their head all the time?
submitted by triumphtripletrouble to Bitcoin [link] [comments]

[uncensored-r/btc] Where to get a Bitcoin Cash "Core" wallet?

The following post by edm_4_magic is being replicated because some comments within the post(but not the post itself) have been openly removed.
The original post can be found(in censored form) at this link: btc/comments/7j5xtv
The original post's content was as follows:
I have hundreds of private keys from 2011-2013 that I think has a couple of millibits left on them since they used to be worth nothing. How do I get a bitcoin cash wallet where I can put in those private keys (not a wallet file)? Google hasn't helped.
submitted by censorship_notifier to noncensored_bitcoin [link] [comments]

Should I be promoting bitcoin?

I am self employed and when I conclude my business with people I tell them that I prefer to be paid in cryptocurrency and give them a bitcoin bigfoot brochure. If they seem at all interested in it I try to get them to install a wallet and I send them a few millibits to show them how it works. Lately I have been feeling less inclined to promote bitcoin due to the blocksize debacle.
I don't really see a good alternative though. I don't know how to promote cryptocurrency without promoting a specific cryptocurrency and promoting an altcoin to someone who doesn't know anything about crypto does not seem to be a responsible thing to do.
submitted by Bitcoin_Chief to dashpay [link] [comments]

Tip jars at counters

I just saw a post on bitcoin about tipping the pizza delivery guy every time to the same wallet.
I like this idea. I've been tipping in person with Moolah gift cards with limited success. Out of the 14 tips of 1000 each, only five have been redeemed. I did succeed in getting my pizza place to redeem two of them. I will ask them for the public wallet address and start tipping straight into it.
If they put a QR code with a doge logo on the tip jar, maybe others would tip that way also. I know that this challenges the tip-sharing ritual of dividing cash at the end of the shift, but that's just an opportunity to get more servers involved once the wallet gets heavy.
Somebody could make a little web app to print out tip jar labels with the QR code, and logo and SUCH TIP! Then we need a way to tip easily from iOS like the Android shibes. What do y'all think?
submitted by marfarama to dogecoin [link] [comments]

Why wallets should have built in price conversion

We periodically see posts suggesting that "1 Bitcoin" at $1000, $2000, $3000, $4000 sounds too expensive, and results in an off-putting pack of zeros after the decimal point when purchasing your kombucha.
Folks then plead for the community to finally switch to millibits or to microbits but call them "bits" for short. Arguments tediously play out again about what the best unit is, and what the best thing to call it, or whether we should switch to the tonal number system, or whether people should just get over themselves stop being irrationally uncomfortable with paying .000222 bitcoin for a cup of coffee.
After that, everyone goes back to measuring everything in 100,000,000 satoshi units. Here is a post from 4 years ago called It's bits which was submitted about 4 years ago.
And all of that ignores the fact that tomorrow the cup of coffee is likely to have a different price, measured in bitcoin. Which is a problem! Critics have rightly observed that no one would dare take out a large loan in a deflating currency, and it would be psychologically difficult to rejoice over your annual pay cut in quite the same way you enjoy getting a raise.
People think of the "unit of account" function as being central to the definition of currency, but Satoshi didn't choose that as a design goal. Instead, he gave us this fixed issuance curve and let the price chips fall where they may. It's part of what makes bitcoin more like a "base metal as scarce as gold", that is to say more like a commodity and less like a currency.
Sure, volatility has gone down in the last 8 years, but what you really want from a unit of account is no volatility at all. We would have some measurement of value that is stable over time -- let's call it the Jolly for making the point. A meal at a fast food place should probably cost 10 to 100 Jollies. A meal at a nice restaurant might be 10 to 1000 Jollies. Something like that. That's a range of quantity of value that people seem to find convenient to work with and think about, if you look around at a lot of national currencies.
We don't have the Jolly right now, and getting global consensus on a definition of one would be tough. Maybe some day.
In the mean time, what makes sense to use as a unit of account is your local good-enough fiat currency unit. Mind you, we are not going to use the filthy government money itself, just borrow the unit as a measurement of value. The unit has merit, is free to use, and has no downsides that I can see. (If your local currency is unstable, you could just use the Dollar, Euro, Yen, Yuan, Pound or whatever relatively stable currency is most popular where you are.)
It doesn't make sense to use Bitcoin as a unit of account, and nobody really does it because the people who have tried have been burned. So when you think of "1 Bitcoin" think of it more like you are saying "1 Kilogram of the commodity called bitcoin." Buy your coffee with bitcoin, measured in dollars. Take out your loan in euros, payable with Bitcoin.
But here's the thing, wallets need to support this way of thinking. They need to measure bitcoin balances and amount you are sending or requesting in regional units that the user chooses. To support that, they are going to need to know the exchange rate. Exchanges, Winkelvii and others could offer web service calls or RSS feeds of whatever, and users could choose the sources they prefer. Wallets could sanity check the sources and provide alarms when sources are too far apart, or change a lot in a short period of time. They should also print the exchange rate prominently so that the user can also check it for sanity.
TLDR: Wallets should allow the user to select a regional currency, and their balances and transactions should display measurements in that unit of account.
submitted by moral_agent to Bitcoin [link] [comments]

I want to spend my paper wallets at Bitcoin ATMs and with in person merchants.

For those who don't have a smart phone but do have access to sites like, a paper wallet seems like the way to go! I load a QR code with 20-30 millibits, have the merchant scan the private key, and I spend my coins. Get my product and cash change back (within reasonable limits).
Merchants that I've been to don't currently allow this, and neither does the Robocoin ATM in Vancouver, B.C.
If you're a developer, implement this fix! There are and have been many steps in the right direction, let's keep this moving!
submitted by turbo8891 to Bitcoin [link] [comments]

Why 'Maddy's Organic Eggs' Pozible campaign matters.

Hey guys, Sam from CoinJar here.
I'm writing about a campaign we're backing pretty heavily (as you may have noticed). It's Madelaine's Organic Egg Campaign. Madelaine is a 19 year old entrepreneur who has been doing organic farming since she was 8. She is raising money for an egg cleaning machine that will save her 27 hours a week. She is raising 60K, and has about 19k to go.
I wanted to just highlight some reasons why you should crack a wallet and send a bit or two.
  1. Pozible is like kickstarter, but they take bitcoin. This is huge. Here is a way you can support ideas with bitcoin using an escrow service. If her campaign works then other people will be incentivized to accept it on the site.
  2. Maddy is a young, female entrepreneur. If her campaign succeeds thanks to bitcoin, this story will be heard by a bunch of people that only hear the technical/shady side of the bitcoin story. "Global Micro Transactions Make Farm Girls Dreams Come True", sounds a lot better than "Shady Frenchman Steals The Bitcoins, Buys Large Drink".
  3. CoinJar is matching every bitcoin donation, so your bits are doubled. We've already donated $3,888, and I've donated $40 (I get eggs and a calendar whoop).
So far as a community we have donated .7101 btc (aside from CoinJars 8btc). I hugely appreciate every bit that people have sent but I know we can do a lot better. If everyone in the sub donated 1 milibit she'd hit her target. We know they won't though, so if YOU are reading this and YOU want to see the narrative around bitcoin change, log on, choose a reward, send the millibits.
If the campaign succeeds we make a dream come true, we support a bitcoin crowdfunding platform AND we walk away with a news story that a teenage girl would read and think... 'hey maybe this bitcoin stuff isn't so scary'.
I know this is a long post but I couldn't think of any other way of stressing how much potential this campaign has. Not just for Maddy or Pozible, but for the bitcoin community.
tweet your deaththreats and love letters to @samueltates
submitted by samueltate to Bitcoin [link] [comments]

Let's talk about units.

Hi /Bitcoin,
I've been reading a lot of discussion on the merits and pitfalls of bits, millibits, and bitcoins and quite frankly I've found the whole discussion a little bit silly.
(1) It's premature. You aren't going to go to a coffee shop tomorrow and find yourself helplessly confused because their prices are in bitcoins instead of bits. Maybe someday bits will be worth "too much". Or maybe the price will stabilize at $0.01 per millibit (that's $10 per bitcoin). I doubt either of those is particularly likely, but I don't think we've seen ample evidence to unanimously declare a winner (or convince anyone to change their preferences).
(2) If we want people to adopt we shouldn't be using any of the above, we should be using fiat. It is much easier to explain to someone that "It's like having stock in a company or 'a piece of the pie' that can be spent like cash in a lot of places. Because math. Software recommendation!" The vast majority of merchants already base prices on fiat and users will tend to follow the merchants (who respond to the users... what a wonderful paradox).
On the other hand, I hope that wallet developers and internet merchants will take note of the debate and give people better options. Including the ability to choose default primary (secondary and tertiary when appropriate) units in any crypto or fiat currency.
Psychology does matter, but so does choice. I think for now it's okay if we sometimes use different units as long as we always specify when communicating numbers (which is just good sense if you ask me).
submitted by absentmindedprofesso to Bitcoin [link] [comments]

Monopoly Game Using BTC

Just a thought I'd like to put out there in case someone wants to create a simple solution.
Monopoly is fun. Bitcoin is cool, but scary to many.
Wouldn't it be awesome to invite some friends over to play Bitcoin Monopoly!
You, the host, muster up a few millibits and set all of your compadres up with a wallet on their phone to use for the game instead of the monopoly cash (some players may think they are basically the same anyway <-- joke)
Have a simple conversion chart or if you're really ambitious make something printable to share with the community.
Transactions will be flying across the block chain during the game which will naturally open up conversation.
You now have a fun way to get people interested in Bitcoin. If you have a merchant like a coffee shop nearby that accepts Bitcoin the winner treats with their earnings.
submitted by dragonreddit to Bitcoin [link] [comments]

Armory Problems on Mac

Been running Armory on a Mac (10.9.2) and it's not going well. Armory will open, then spend an inordinate amount of time updating it's database. I get the "Armory is Online!" (starting to get really annoyed with the exclamation point) but then all joy is lost.
I try to send a payment and Armory either crashes or notifies me that there are "invalid blocks" or that Bitcoin QT is offline. Bitcoin QT is on the current block with a happy green check.
I liked Armory when it was functional, but at this point, I'd really like to clear out the wallet until Armory is updated and the bug fixed. I've sent a couple of emails to Armory about the problem, (2 weeks ago) and not received any response. In my case, it's just a few millibits, but I'd have a hard time recommending it to anyone on a Mac.
Anybody else have this problem and found a solution? I do have the paper backup for the wallet, so maybe uninstall/reinstall?
A little disappointed that there has been no assistance from Armory. Maybe some reddit exposure may get a response.
tl;dr Armory no worky on Mac 10.9.2.
submitted by may214 to Bitcoin [link] [comments]

Testers needed: Bitcoin wallet for Chrome/ChromeOS

This is a preview of Happynine, a BIP 0032 Bitcoin wallet. Before you skip to the bottom of this post and install, please be warned that this is an early version that has plenty of bugs and missing features. I haven't done a very good job of documenting it, either, but I'd love to answer questions here about how to use it.
My first public call for testers is here on /chromeos. This is because you're the audience I wrote this app for. If you're into Bitcoin, you've heard the story over and over of Windows users wondering why their Bitcoin suddenly disappeared from their machines. This is the teachable moment when they really deeply realize the impact of a poor decision to entrust money to a malware-infested OS like Windows. ChromeOS is a much better platform for a use case like Bitcoin storage. (I know you guys already knew this.)
If you do install Happynine, I recommend sending a millibit or so to the wallet you create, then try sending a fraction of it back to your other wallet. So far I've had 100% success in real transactions with the app, but if you find a bug I don't want it to be with very much of your bitcoin. If you follow my advice to start small with 1 mBTC, at worst you'll lose about 60 cents (at today's USD exchange rates). Again, so far I have not experienced lost or misdirected transactions with the app, but that doesn't mean there aren't undiscovered bugs.
Have I sufficiently scared away everyone but the risk seekers? Good! Please read the README, install the app, inspect the source code, build it yourself, file bugs, and ask general questions here on this thread. Thanks in advance for your help and support!
Edit: almost forgot to mention! Since installing Crouton a week and a half ago, I've been doing development exclusively on my Toshiba Chromebook. So I can truthfully say that this Bitcoin wallet is developed for Chromebooks on Chromebooks.
submitted by sowbug to chromeos [link] [comments]

Bitcoin nomenclature in everyday language.

I'd like to know how people are using Bitcoin nomenclature in their regions. The way I see it the value of BC will keep on rising over the next several decades and as such fractional amounts will be more common for simple transactions. For example while trying to explain BC to my coworker I showed her how she could set up her wallet and earn by watching videos. It gave her 40uBC which I called a "microbit". I explained how much it was worth which she smirked. I explained future value and how this could be worth a whole lot more in the future. yadda yadda yadda...
The point of this post is to ask how we are going to refer to this form of money in everyday speak?
Bitcoin MilliBit MicroBit NanoBit PicoBit FemtoBit
It really doesn't seem so far fetched to me that we may some day be using these prefixes in 50 years.
submitted by BitBrewer to Bitcoin [link] [comments]

First bitcoin transaction cost doubts.

I got my first try at Bitcoins (1 millibit) a few months back and I hadn't found a chance to try it until I saw that the Humble Bundle page accepted Bitcoin. I tried giving all of it, which was like $1.05 USD (this was some weeks ago when the BTC price spiked). However, my blockchain wallet said I didn't had enough funds. I tried going around my blockchain wallet page to see how much did the transaction cost, but I couldn't find anything. My questions are: * How is the transaction fee calculated? * Does blockchain charge extra? * Are fees relatively more expensive when giving small quantities? * Have small payments lower priority than large ones?
submitted by Arklese1zure to BitcoinBeginners [link] [comments]

Bitcoin Nedir? Blockchain Teknolojisinin Avantajları Nelerdir? aantonop - YouTube Cheapest Places to Buy Diesel in the World 1991-2020 How To Earn Bitcoin 2019! ($BTC for FREE 🍭) - YouTube The Problems With Bitcoin

Das besondere an Bitcoin ist, dass das Geld von keiner zentralen Stelle verwaltet oder ausgegeben wird: Jeder User verfügt über ein eigenes Konto in einem riesigen Peer-to-Peer-Netzwerk, jede Bitcoin-Einheit darauf wird durch eine Kette aus Ziffern und Schriftzeichen auf dem Computer des Inhabers gespeichert.Im Netzwerk ist zudem hinterlegt, in wessen Besitz sich die Einheit befindet und ... Bitcoin Units And Denominations: Satoshi, Finney, MicroBit, MilliBit, CentiBit, DeciBit And Bitcoin. by Bitcoin Exchange Guide News Team. September 29, 2018. Home Education Advice & Advise. Facebook. Twitter. Telegram. ReddIt. Linkedin . Email. Bitcoin (BTC) has experienced an incredible bull run in 2017 that drove the prices of the famous virtual currency to record highs. Back in December ... • MilliBit which is equivalent to 0.001 BTC, or about 10 USD • CentiBit, which is equivalent to 0.01 BTC, or about 100 USD • DeciBit which is equivalent to 0.1 BTC, or about 1000 USD Buying fractions of Bitcoin What are the factors to consider when buying Bitcoin fractions? BTCBIT makes the process very easy irrespective of the denomination of BTC you want. Whether it’s a DeciBit, a ... Übertragungen von der Börse zum Wallet - Überträgt ein Nutzer Bitcoins vom Börsenkonto zu einem Wallet, kann die Bitcoin-Community in der Regel die Senderadresse mit dem echten Nutzernamen verknüpfen. Die Daten sind auf der Börsenplattform hinterlegt. Übertragung von Wallet zu Wallet - Nutzer müssen ihr Wallet für eine Transaktion kurz ans Internet anschließen. Ist der Server des ... Eine Bitcoin-Wallet ist ähnlich wie eine physische Geldbörse zum Aufbewahren von digitalen Währungen da. Du kannst sie dir wie einen sicheren virtuellen Speicherplatz vorstellen. Da es verschiedene Arten von Wallets für Kryptowährung gibt, stellen wir dir die Gängigsten vor. Was ist eine Bitcoin-Wallet? Einfach gesagt, ist eine Bitcoin-Wallet der digitale Ort an dem Bitcoin (BTC ...

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Bitcoin Nedir? Blockchain Teknolojisinin Avantajları Nelerdir?

How to earn bitcoin 2019: 1. Lolli - 2. Brave Browser - 3. FoldApp - 4. Coinbase Earn - h... Join Our Top Team! Automatic Crypto Trading While You Sleep! SET IT AND FORGET IT. HOT NEW CRYPTO AUTO TRADING SOFTWARE. Literally Amaz... Emin Çapa, Bitcoin ve kripto paraların geleceğini anlattı ... Kripto Paralarda Cüzdan (Wallet) Nedir? Cüzdan Çeşitleri Nelerdir? - Duration: 19:28. Kripto Teknik 6,743 views. 19:28 . Mix ... aantonop's YouTube channel is THE place to find free, unbiased educational videos on all things Bitcoin and open blockchain. Subscribe & join the channel to ... Guide to the Best Bitcoin Wallets of 2019 - Duration: 35:08. David Caruana - Investing 18,957 views. 35:08. The Problem with Blockchain - Duration: 14:51. Siraj Raval Recommended for you. 14:51 ...