You are here: Welcome » Bitcoin

Differences

This shows you the differences between two versions of the page.

Link to this comparison view

Both sides previous revisionPrevious revision
Next revision
Previous revision
Both sides next revision
bitcoin [2022/07/20 06:51]
mathew [Bitcoin Monetary Theory]
bitcoin [2023/06/29 14:08] (current)
mathew
Line 1: Line 1:
 ====== Bitcoin ====== ====== Bitcoin ======
-**Bitcoin** is an [[open source]] [[peer-to-peer]] [[money]] and payment network.+**Bitcoin** is an [[open source]] [[peer-to-peer]] [[money]] and payment network, sometimes referred to as a [[cryptocurrency]].
  
 See also  See also 
-  * [[Bitcoin:Bitcoin_Education_Guide]]+  * [[Bitcoin:Bitcoin_Education_Guide]] (Will eventually be ported into regular Wiki articles)
   * [[Bitcoin:Bitcoin History Timeline]]   * [[Bitcoin:Bitcoin History Timeline]]
 +  * [[Bitcoin:Bitcoin Media]]
 +    * [[Rounding the Earth:The Bitcoin Wars]]
 +    * [[Bitcoin:Bitcoin Educators]]
 +  * [[Bitcoin:Bitcoin Entrepreneurs]]
  
 ===== Bitcoin Network Structure and Operation ===== ===== Bitcoin Network Structure and Operation =====
Line 16: Line 20:
 ==== Proof of Work (PoW) Mining ==== ==== Proof of Work (PoW) Mining ====
 Bitcoin mining is a lottery process that costs energy to operate computers to perform calculations.((April 28, 2022 | [[Mathew Crawford]] | [[Rounding the Earth]] | [[https://roundingtheearth.substack.com/p/bitcoin-beginners-mining-is-a-lottery?s=w|Bitcoin Beginners: Mining is a Lottery]])) Bitcoin mining is a lottery process that costs energy to operate computers to perform calculations.((April 28, 2022 | [[Mathew Crawford]] | [[Rounding the Earth]] | [[https://roundingtheearth.substack.com/p/bitcoin-beginners-mining-is-a-lottery?s=w|Bitcoin Beginners: Mining is a Lottery]]))
 +
 +See also [[Bitcoin:Bitcoin Mining]]
  
 ===== Bitcoin Monetary Theory ===== ===== Bitcoin Monetary Theory =====
Line 31: Line 37:
  
 ===== Satoshi Nakamoto ===== ===== Satoshi Nakamoto =====
 +The mysterious and unknown inventor of Bitcoin went by the [[pseudonym]] 'Satoshi Nakamoto'. There has been much debate over the years, and investigation into who Satoshi Nakamoto might be or have been.
  
 ==== Theories of Identity ==== ==== Theories of Identity ====
 +
 +=== Hal Finney ===
 +The first ever Bitcoin transaction took place between Satoshi Nakamoto and [[cypherpunk]] [[Hal Finney]], the latter of whom was actively engaged with Satoshi.
 +
 +=== Edward Ho ===
 +Gerald Votta makes a reasoned case for [[Edward Ho]] to be Satoshi.((November 16, 2001 | Gerald Votta | [[https://medium.com/quantum-economics/i-know-who-satoshi-nakamoto-is-a3059ef02c34|I Know Who Satoshi Nakamoto Is]]))
 +
 +=== Elon Musk ===
 +He is very bright and has the resources, though most Bitcoin experts do not think that [[Elon Musk]] is Satoshi.
  
 === Paul Le Roux === === Paul Le Roux ===
Line 42: Line 58:
  
 ===== Bitcoin Statistics ===== ===== Bitcoin Statistics =====
 +The [[https://bitbo.io/?standalone=true|Bitbo]] stats page is highly educational, showing features such as last block time, mining difficulty adjustments, block height, chain size, transaction fees, and more.
 ==== Price Tools ==== ==== Price Tools ====
   * The [[https://www.blockchaincenter.net/bitcoin-rainbow-chart/|Bitcoin Rainbow Chart]] at Blockchaincenter.net puts current price and price history into perspective using metrics that have become standard in the Bitcoin community.   * The [[https://www.blockchaincenter.net/bitcoin-rainbow-chart/|Bitcoin Rainbow Chart]] at Blockchaincenter.net puts current price and price history into perspective using metrics that have become standard in the Bitcoin community.
Line 64: Line 80:
 ==== Transaction (tx) Fees ==== ==== Transaction (tx) Fees ====
   * [[https://privacypros.io/tools/bitcoin-fee-estimator/|Bitcoin Transaction Fee Estimator & Calculator]] (PrivacyPros.io)   * [[https://privacypros.io/tools/bitcoin-fee-estimator/|Bitcoin Transaction Fee Estimator & Calculator]] (PrivacyPros.io)
 +
 +==== Wallets ====
 +
 +=== Wallet Maintenance ===
 +https://www.kristovatlas.com/auditing-crypto-wallets/
 +
 +=== Hardware Wallets ===
 +Hardware wallets operate with many addresses for greater security. These can make use of [[https://en.bitcoin.it/wiki/Deterministic_wallet|deterministic wallet]] systems.
 +  * [[https://coldcard.com/|Coldcard]]
 +
 +==== The Lightning Network ====
 +The Lightning Network is a way to quickly make Bitcoin transactions without waiting for block settlement.
 +
 +=== Lightning Games ===
 +  * [[https://lightning-roulette.com/|Lightning Roulette]] is a [[provably fair]] game.
 +
 +==== Practical Bitcoin Spending ====
 +While Bitcoin can be used as electronic cash between phones, some people purchase gift cards with it in order to simplify the gateway between the Bitcoin and fiat shopping economies. Here is a brief list of population Bitcoin spending outlets (August, 2022):
 +  * [[https://www.bitrefill.com/?ref=Qsh5Dn9R|BitRefill]] brags that you can "live on crypto", advertising over 5,000 products including (fiat currency denominated) gift cards.
 +  * [[https://coincards.com/us/?ref=bitshills|Coincards]] Gift cards
 +  * [[https://giftoff.com/|GiftOff]] Digital Gift Cards
 +
 +
 +===== Bitcoin Culture =====
 +The growing culture that appreciates Bitcoin has begun to coalesce into a market demographic. There are numerous Bitcoin conferences, large and small. There are also Bitcoin shopping site.
 +  * [[https://thetexasbitcoinproject.com/collections/merch|Merchandise at the Texas Bitcoin Project]]
 +
 +
 +===== Bitcoin Resources =====
 +See also [[Bitcoin:Bitcoin Media]]
 +
 +  * [[https://btctranscripts.com/|Bitcoin Transcripts]]
Back to top