Quote from: sovie on Today at 02:08:48 PM

Quote from: KanoKano on Today at 01:57:00 PM

Quote from: sovie on Today at 01:55:02 PM

Quote from: onceuponatime on Today at 01:50:59 PM

Just got 54.7 BTC from MtGox. If you do not believe me you are new to this crypto thing and you probably in this for money, not the fun of it...

Congratulations! Could you please show the address to which you received the return and sign a message. Then I would be happy to celebrate it with you. Unfortunately, but without such proof, I can only presume that you are telling the truth. I hope that you understand me?

You're wrong. Bitcoin is a global monetary system function independent of any central monetary authority and is based on blockchain technology. The blockchain is a record-keeping system that makes it impossible to reverse, change, delete, or manipulate the data once recorded. All the transactional data recorded are duplicated and distributed across the computer systems network that supports the bitcoin blockchain connected through peer-to-peer nodes.

Therefore, making it a fully immutable and trustless system. In other words, it’s completely unhackable, tamper-proof, and one has to trust nobody to complete the transaction in the system.

You described Blockchain perfectly well and I totally agree with you.
However, I don't care if the transaction is real or not, because I believe it is. My point is whether the words written here are true or not and this can be confirmed by signing a message from the address with 54.7 BTC from MtGox.

Look I wish I knew who Satoshi Nakamoto is so I could share it with you, but the identity of the person or persons who created the technology is still a mystery. Bitcoin offers the promise of lower transaction fees than traditional online payment mechanisms and is operated by a decentralized authority, unlike government-issued currencies.

There are no physical bitcoins, only balances kept on a public ledger that everyone has transparent access to, that – along with all Bitcoin transactions – is verified by a massive amount of computing power. Bitcoins are not issued or backed by any banks or governments, nor are individual bitcoins valuable as a commodity. Despite it not being legal tender, Bitcoin charts high on popularity, and has triggered the launch of hundreds of other virtual currencies collectively referred to as Ripple. Etc.

Bitcoin is powered by a technology called a blockchain. To understand Bitcoin, you must understand a little bit about the technology in order to make a wise choice for your investment strategy.

A blockchain is a public database that shows all transactions, with user privacy protected by “cryptography”.

There are many types of blockchains, and many types of coins.

Since Bitcoin was created, there have been hundreds of more coins brought to the market, many of which are cheaper, faster, and more efficient.

For example, Litecoin processes at 56 transactions per second. Newer faster blockchains like EOS can process hundreds of thousands of transactions per second.

In terms of utility, Bitcoin only processes 7 transactions per second.

So you may be wondering, why is the price of Bitcoin so high?

There are lots of reasons, such as the fact that it was the first coin, it has brand recognition, and you can use to buy services on some internet websites.

But other coins like Litecoin and Bitcoin Cash are catching up.

KanoKano

Posts

Merits