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Archive => Sorting Box => Topic started by: ecoin-anakris on January 09, 2019, 02:24:00 PM

Title: What is Bitcoin - Bitcoin Tutorial
Post by: ecoin-anakris on January 09, 2019, 02:24:00 PM
Bitcoin is a digital currency, created and held electronically. Unlike any normal currency, Bitcoin is controlled by no one. Bitcoins are not printed, they are produced by people who run computers all over the world, using software that solves mathematical problems. You will learn some Basic Bitcoin Tutorial Here: BITCOIN (https://ecoin4dummies.com/bitcoin-bitcoin-tutorial/)
Title: Re: What is Bitcoin - Bitcoin Tutorial
Post by: tsakf on January 11, 2019, 09:27:36 AM
Quote from: ecoin-anakris on January 09, 2019, 02:24:00 PM
Bitcoin is a digital currency, created and held electronically. Unlike any normal currency, Bitcoin is controlled by no one. Bitcoins are not printed, they are produced by people who run computers all over the world, using software that solves mathematical problems. You will learn some Basic Bitcoin Tutorial Here: BITCOIN (https://ecoin4dummies.com/bitcoin-bitcoin-tutorial/)

i like this tutorial. It is detailed with a good setup. I just would like to add if a private key is stolen, then the coins in that address are lost. In modern wallets, there is a seed where all private keys come from. This must be kept secret too, because if lost or stolen, then the user has no access to the coins, if the device that has the wallet breaks down or gets stolen.
Title: Re: What is Bitcoin - Bitcoin Tutorial
Post by: ecoin-anakris on January 11, 2019, 10:27:34 AM
Quote from: tsakf on January 11, 2019, 09:27:36 AM
Quote from: ecoin-anakris on January 09, 2019, 02:24:00 PM
Bitcoin is a digital currency, created and held electronically. Unlike any normal currency, Bitcoin is controlled by no one. Bitcoins are not printed, they are produced by people who run computers all over the world, using software that solves mathematical problems. You will learn some Basic Bitcoin Tutorial Here: BITCOIN (https://ecoin4dummies.com/bitcoin-bitcoin-tutorial/)

i like this tutorial. It is detailed with a good setup. I just would like to add if a private key is stolen, then the coins in that address are lost. In modern wallets, there is a seed where all private keys come from. This must be kept secret too, because if lost or stolen, then the user has no access to the coins, if the device that has the wallet breaks down or gets stolen.

On point! You are correct :)