http://youtu.be/uLxhI81Flvk Morgan Spurlock's episode of "Inside Man" featuring Bitcoin is airing tonight. I imagine there will be a bunch of new people here looking for information. I'll update this thread with relevant information - but here's the answer to the big question: Where can I get a few bitcoins? You'll probably want to check out coinbase or circle to buy some, but for now you can probably get a few bits by following this link to /freebits. You should receive about 100 bits (About $0.02 USD) in a couple hours. It's not much, but it does allow you to join the experience. You don't have to know everything about bitcoin to get your foot in the door, but if you're the technical type, this 8-page white paper by S. Nakamoto describes bitcoin: https://bitcoin.org/bitcoin.pdf Do you learn best from video? Check our /bitcointv Interested in a book? Andreas Antonopolous made an appearance in Inside Man tonight - you can buy his book, Mastering Bitcoin, from Amazon or read it for free online. (Caution: This is a technical book, best for those with some experience programming.) Please don't miss the great sticky post at the top of /bitcoin. It will literally answer 90% of the questions you might have. (Thanks BashCo) There's one other note I'd like to share: When you get started, you'll probably receive a few bits on changetip.com or you'll buy them from one of the exchanges. This is a great start - but your bitcoins aren't fully secured unless you hold them in a wallet that you manage. Some examples are the greenaddress wallet (on all popular platforms), the mycelium wallet (available on Android and iOS) and breadwallet (specifically for iOS). Please feel free to ask any questions below - we'll do our best to provide solid answers!
Bitcoin transaction fees do not directly correlate with market cap.
Yo guys... I'm confused as fuck... I don't understand why Bitcoins transaction fees are not directly correlated with BTC price. Are they determined by volume perhaps? I mean if you look at the transaction price it's generally correlated with price, but for instance, the current transaction fee is about the same as it was in January 2017 while the market cap is way higher. Also, looking at posts and videos from early/mid last year, such as Morgan Spurlock's 'the inside man' and endless others, they all talk about how BTC is/was going to save money on transaction fees compared to banks. This claim now is preposterous... The transaction fees are oft times exorbitant, making anything less than a $100 transaction charity to miners. Thoughts? Plz don't roast me, I really did research this a fair bit b4 coming here. Thanks in advance
Putting together a merchant how-to 'one-pager' and USB stick resource guide.
I recently moved to a new area and have been visiting my local grocery store pretty much every day to buy some of the basics. There's no ATM nearby so I end up using my debit card which incurs a 50p Visa or £1 Mastercard charge each time I do so. The shopkeeper is very apologetic about it and usually launches into a big speech about how much he hates banks for fucking him and his customers like this. I've been subtly suggesting bitcoin to him every time he goes into his tirade "So do you accept bitcoin yet?" and he's slowly beginning to bite after initially laughing the idea off and giving me a 'WTF' look. I and the shopkeeper were talking about bitcoin again earlier today and the dude next to me in the shop queue chirps up saying: "You should seriously think twice about doing this unless you want volatility to fuck you." At which point I mention BitPay "Oh well that's another discussion for another day." Says negative Nancy. Not really I say but of course I don't have time to go into the full details. The shopkeeper is left unsure who or what to believe (after-all I probably sound like some kind of snakeoil sales rep talking about magical fee-less money transactions). It strikes me that there's a lot of conflicting bullshit out there and that, although it's encouraging to know a complete randomer in the queue knows about bitcoin, the FUDsters are currently dominating the convo among the 'average man (and merchant) on the street'. Which brings me to my main point: It would be kind of nice, I think, to simply hand the shopkeeper a USB stick with a bunch of Youtube videos and PDF's explaining what bitcoin is and how to get started, how to avoid volatility and so forth, along with a simple one-page printout gently introducing the concept. Any ideas for what to include would be much appreciated, I think everything from basic how to's to documentaries such as the Morgan Spurlock Inside Man special could be included on the USB stick. If we get something nice together, I'll do all the downloading and provide everything in a zip for others that might want to follow suit.
What is to be made of digital dollars? How does bitcoin work, and might you be able to eat, live and exist entirely through these mysterious moneys? Morgan Spurlock veröffentlichte seinen erwarteten Inside Man auf Bitcoin und es enttäuscht nicht. Du kannst die ganze Episode hier auf YouTube anschauen, aber es ist unbekannt, ob CNN es für die Urheberrechtsverletzung herablassen wird (hoffentlich nicht). Für diejenigen mit einem CNN Go Konto können sie es hier online anschauen. Allerdings, wenn Sie diese Chancen lesen, sind Sie entweder ... Morgan Spurlock, most famous for his documentary Super Size Me, spent a week last year living on nothing but Bitcoin (instead of McDonald’s food) for his show CNN show Inside Man.The episode aired last night and covered all the basics of Bitcoin with relative accuracy. Also read: CNNMoney’s Jose Pagliery Talks ‘Bitcoin: And the Future of Money’ at Bitcoin Center NYC Morgan Spurlock , the Academy Award-nominated director of "Super Size Me," tells compelling stories from an insider's perspective. Can Morgan Spurlock survive for a week on Bitcoin? Go inside the strange new world of digital currency, Thursday at 9p ET/PT
Virtual money sounds like scam, but Bitcoin, is a new form of currency that's intangible by design. Spurlock dives into Bitcoin in this week's "Inside Man" Morgan Spurlock Inside Man Trailer - Bitcoin - Duration: 0:31. CNN 8,107 views. 0:31. The views are just as unbelievable as the prices - Duration: 1:19. CNN 2,860 views. 1:19 'Duck Commander' Phil ... Can Morgan Spurlock survive for a week on Bitcoin? Go inside the strange new world of digital currency, Thursday at 9p ET/PT This video is unavailable. Watch Queue Queue. Watch Queue Queue A CNN show "inside Man" . A good & informative program to show the future of Bitcoin in 2015.