Explain bitcoins like im 5

Video: Kids Explain Bitcoin | Bankrate.com

Bitcoins: The Taxless Currency | The TurboTax Blog

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Still Don't Get Bitcoin? An Explanation You Can't Possibly

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Motivated by someone challenging me to explain polymorphism and recursion to a five year old using puppies.

What Is Bitcoin's Elusive Intrinsic Value? - Forbes

Below is an attempt to answer that and many other questions surrounding the virtual currency.Obtaining bitcoins works just like obtaining any other currency.

They allow users to spend money on political acts that some governments might find threatening and they let users sidestep corrupt practices and punitive taxes.You can use bitcoins to buy anything with which you would use any other kind of currency.

How does Bitcoin work? - Bitcoin

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When I was 4, I bit a coin, swallowed it, and had to go to the emergency room.If you like the idea of starting online trades in the Forex and. Invested 1.5 bitcoins got 37.5 btc. Thanks first time im getting my bitcoins doubled for.It has funded nascent democracy movements as well as a huge underground marketplace for illegal drugs and weapons.The owner of a bitcoin transfers it by digitally signing it over to the next owner using a bitcoin transaction, much like.

Like cash, bitcoins are untraceable, which makes drug dealers like them.Officially, bitcoins were invented by a Japanese programmer named Satoshi Nakamot, who outlined the process in an academic paper before disappearing in 2009, shortly after the first bitcoins were released.If hard currency is like a record, then a bitcoin is like an MP3.

12 Cryptocurrency Alternatives To Bitcoin - Bankrate

So I am looking to buy 1 BTC using neteller, but I have no clue how any of this works.Your friendly place to get elementary school-level answers for your questions.

You never have to worry about choking on a bitcoin. Unlike U.S. quarters, Canadian loonies, or, for that matter, the currencies of every country in the world, bitcoins are completely virtual.

If I only had 5 minutes to explain blockchain | CIO

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Bitcoin transactions are sent from and to electronic bitcoin wallets,.

Yes, Bitcoin Has No Intrinsic Value. Neither Does a $1

Do you mine bitcoins?.

1364: Like I'm Five - explain xkcd

Posted on 7:30 am. technical analysis and forecasts for bitcoin and other altcoins.Nor do they guarantee the same protections afforded banks by institutions like the FDIC.

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Explain Bitcoin to Me | AlienVault

If I only had 5 minutes to explain blockchain Are you struggling to understand how blockchain works, why blockchains are secure or why blockchain technologies will.Patrick Murck, general counsel for the Bitcoin Foundation, is expected to tell the committee that bitcoins are vital for developing economies and developing democracies.





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