The reasons are as follows: asics (specialized/exotic computer) are extremely narrow in scope. Waiting for reliable sources to cover it in better detail. Would you feel the same if the price had tanked or held steady? If you post a draft here, one of us will be happy to make the change. Checkingfax ( talk ) 03:54, 14 December 2013 (UTC) I removed the XBT and from the infobox anyway since they're not actually commonly used as symbols for bitcoin. I feel strongly that we should try to keep the infobox as concise as possible. No reason to changing the image, wordmark should be included if available, this is standard and present on many articles. Org, except for the fact that it presents itself entirely differently.
Bitcoin Will, soon, be Bigger Than PayPal
Payment freedom - It is possible to send and receive bitcoins anywhere in the world at any time. The article probably should mention the cutoff date for their stats. Rezonansowy ( talk contribs ) 16:29, 31 December 2013 (UTC) As for "technical standard please see Open_standard#Protocols. It doesn't make sense to say that bitcoin is open source. The software has nothing to do with understanding what bitcoin is to being with because they don't need to download any software to transact in bitcoin (See Chris' m reference). However illusion based value is only that. I'd like to consistently use "block chain two words.
BitPay Invoices, will, soon
If this is is such a widespread and notable phenomenon, it shouldn't be too hard to find a reference to cite. All transactions are verified, timestamped, and recorded by specialized computers * into a shared will bitcoin correct soon public database called the block chain.7 The operators of these computers, known as "miners are rewarded with transaction fees and newly minted bitcoins.8 Source does. So it's not misleading or inaccurate to say that specialized computers verify and timestamp transactions. It is also worth noting that while merchants usually depend on their public reputation to remain in business and pay their employees, they don't have access to the same level of information when dealing with new consumers. The SHA-2 article begins "SHA-2 is a set of cryptographic hash functions (SHA-224, SHA-256, SHA-384, SHA-512, SHA-512/224, SHA-512/256 Chris Arnesen 04:25, (UTC) I think this is better. The actual cash token that gets handed over between transacting parties). Like any other payment service, the use of Bitcoin entails processing costs. Even if the user knows that it's a step function, the statement gives no indication of when the next step will occur. Rezonansowy ( talk contribs ) 21:59, 14 December 2013 (UTC) XBT : m isn't a valid reference because they're the ones that came up with and started using XBT as the symbol in the first place. ( talk ) 08:04, 3 December 2013 (UTC) Coindesk as a source How do folks feel about Coindesk as a reliable source?
Require Payment Protocol for, bitcoin
I think this article should say why the Wikipedia Foundation does not accept donations made in Bitcoin. Wikipedia can't make that claim in its own voice. Cacao beans had/have value, are compact, and inflation can be dealt with. New bitcoins are generated by a competitive and decentralized process called "mining". Chris Arnesen 22:03, (UTC) This is quite vague.
We survive on donations averaging about. There is no guarantee that Bitcoin will continue to grow even though will bitcoin correct soon it has developed at a very fast rate so far. By default, all Bitcoin wallets listed on Bitcoin. The Bitcoin protocol is designed in such a way that new bitcoins are created at a fixed rate. The precise manner in which fees work is still being developed and will change over time. Question : But if it's not anonymous, then what is it? Nobody uses those as symbols.
The "reference implementation" of Bitcoin only requests transaction fees for transfer amounts less than.01BTC. When you remove central authority, first question is how does Bitcoin even work in a way I can trust a transaction? Laser brain (talk) 19:07, 18 December 2013 (UTC) Which seems to be Fleetham's usual way of doing things. Fair New-Coin Distribution In centralised currencies, new units created through inflation are owned by the central bank or central authority who created those new units. This allows mining to secure and maintain a global consensus based on processing power. (within the first 2 mins). I've reverted the changes. You aggressive position against mentioning this in the article is very will bitcoin correct soon strange.
For the lede, do people prefer something like "Participants known as miners verify and timestamp transactions into a public record called the block chain" over "Participants known as miners verify, timestamp, and record transactions into a shared public database called the block chain"? To me "a bitcoin" means only "one unit currency in the Bitcoin network". I ask, is it necessary to bring up specialized computers in the lede? As it is today, its difficult for regular readers to understand as we are discussing in section above. Isn't Bitcoin mining a waste of energy? The Bitcoin protocol itself cannot be modified without the cooperation of nearly all its users, who choose what software they use. Everything will be fine. Nor does "blockchain" appear in Satoshi's seminal paper. Kyle said in his edit summary, "This is not comprehensive. Everything else is 2nd para and later section material and we are free to be more detailed. Rezonansowy ( talk contribs ) 11:37, 17 December 2013 (UTC) I see that with pending changes, only users in the "Reviewer" group can act on the IP edits.
Deposits In Online Casinos - Bitcoin
You will need to provide the Bitcoin address (the long string of letters and numbers that is displayed after you have confirmed your order at Happy Hippo) and the correct amount of Bitcoin. Chris Arnesen 20:20, (UTC) Draft rewrite (sans markup and references Bitcoin is a peer-to-peer payment system and digital currency introduced as open source software in 2009 by pseudonymous developer Satoshi Nakamoto. As the nominal bitcoin incentive for mining does decrease over time, a concomitant rise in its value relative to other currencies is necessary for the the incentive for mining to remain static. It is always important to be wary of anything that sounds too good to be true or disobeys basic economic rules. (not really).Also where can I buy those special computers? Chris Arnesen 17:34, 24 December 2013 (UTC) It does have some intrinsic value, because the blockchain can be used to record something else than Bitcoin transactions (fiat transactions for instance, as with coloured coins, or general facts as with http virtual-notary. ZAB ( talk ) 12:16, 28 November 2013 (UTC) Here are my core doubts That pre-produced bitcoin coins and banknotes have been sold in significant numbers. Bitcoins have value because they are useful as a form of money. They can so this is an insecure solution. "It's Like paper bit-coins." The whole thing is like saying counterfeiting.
Chris Arnesen Preceding undated comment added 17:49, 28 November 2013 (UTC) I have no idea what amount of minted coins where will bitcoin correct soon sold, but it is associated with a bitcoin, almost every paper have a photo of this kind. At least three more of the exchanges listed in that paper have tanked since then. Rezonansowy, you don't have a leg to stand on regarding the inclusion of this symbol. Laser brain (talk) 13:14, 8 December 2013 (UTC) The Baidu content has now been updated by Laser Brain and others. Chris Arnesen 16:48, (UTC) A better Bitcoin image Current Bitcoin "logo" Simple Bitcoin logo, no text @ Rezonansowy : could you please elaborate on why you think that suggested replacement image is "not good idea"? As more people start to mine, the difficulty of finding valid blocks is automatically increased by the network to ensure that the average time to find a block remains equal to 10 minutes. In a typical software development sense, there was a design document, then code for.