Totally new (Noob!!) to Cryptocurrency and Bitcoin wallets?
Start by watching these videos:
1. Intro to the whole concept
What is Bitcoin?
Bitcoin is a payment system introduced as open-source software in 2009 by developer Satoshi Nakamoto. The payments in the system are recorded in a public ledger using its own unit of account, which is also called bitcoin. Payments work peer-to-peer without a central repository or single administrator, which has led the US Treasury to call bitcoin a decentralized virtual currency. Although its status as a currency is disputed, media reports often refer to bitcoin as a cryptocurrency or digital currency.
Bitcoins are created as a reward for payment processing work in which users offer their computing power to verify and record payments into the public ledger. Called mining, individuals or companies engage in this activity in exchange for transaction fees and newly created bitcoins. Besides mining, bitcoins can be obtained in exchange for fiat money, products, and services. Users can send and receive bitcoins electronically for an optional transaction fee using wallet software on a personal computer, mobile device, or a web application.
Bitcoin as a form of payment for products and services has seen growth,and merchants have an incentive to accept the digital currency because fees are lower than the 2-3% typically imposed by credit card processors. The European Banking Authority has warned that bitcoin lacks consumer protections. Unlike credit cards, any fees are paid by the purchaser not the vendor. Bitcoins can be stolen and chargebacks are impossible. Commercial use of bitcoin is currently small compared to its use by speculators, which has fuelled price volatility.
Hey yo Crazy times here. Cryptomadness going on here, and it’s happening worldwide. There are day where the dow in tanking and the crypto market is pumping. The wallstreet cats are quietly getting in. News about it Goldman sachs is starting to trade in BTC and cryptocurrency More news about it Where to get bitcoin …
Just before the announcement of the announcement. 4-30-2018 This sounds like its gonna be quite big. It’s called NIX It’s Zoins new platform They are going to airdrop coins for all Zoin hodlers (desktop wallet) If you have a Zoinode, you also get a NIX node. ummm, 2 for 1 node deal anyone??? …