Topic: BitcoinQuickStart.com simplifies things for newbies - page 2. (Read 1940 times)
Perhaps add a link to the Free Bitcoin Guide?
Edited for typos and re-wording...
One thing I would add to "how do I store bitcoins" is the fact that you should refresh your backups before doing more than 100 transactions. This is something that took me a while to find out, and vague references to it kinda scared me when I was starting out (which isnt that long ago 
). I am assuming it works the same way for multibit as for the original client.
). I am assuming it works the same way for multibit as for the original client.Ooo... good point. Will add that.
One thing I would add to "how do I store bitcoins" is the fact that you should refresh your backups before doing more than 100 transactions. This is something that took me a while to find out, and vague references to it kinda scared me when I was starting out (which isnt that long ago ). I am assuming it works the same way for multibit as for the original client.
). I am assuming it works the same way for multibit as for the original client. Great idea
In "What is Bitcoin":
I find "Well, bitcoins don't get value from any words of government, which is known as "fiat"." somewhat confusing.
I mean, I know what fiat is, but some people might interpret this sentence as " not getting value from goverment = fiat " (even though you use 'instead' in the next sentence).
Personally, I would change " bitcoins get value because people who learn how they work often begin to want them" to "bitcoins get value because they are scarce and useful, both as a medium of exchange and as a store of value."
"This makes Bitcoin a deflationary currency rather than an inflationary one, meaning the value of each bitcoin will probably increase over time, instead of decrease." --> depends on whether you are talking about price inflation or monetary inflation (you are probably talking about price inflation). Maybe change to "This makes Bitcoin resistant to inflation, meaning its value won't be eroded over time"?
In "What is Bitcoin":
I find "Well, bitcoins don't get value from any words of government, which is known as "fiat"." somewhat confusing.
I mean, I know what fiat is, but some people might interpret this sentence as " not getting value from goverment = fiat " (even though you use 'instead' in the next sentence).
Personally, I would change " bitcoins get value because people who learn how they work often begin to want them" to "bitcoins get value because they are scarce and useful, both as a medium of exchange and as a store of value."
"This makes Bitcoin a deflationary currency rather than an inflationary one, meaning the value of each bitcoin will probably increase over time, instead of decrease." --> depends on whether you are talking about price inflation or monetary inflation (you are probably talking about price inflation). Maybe change to "This makes Bitcoin resistant to inflation, meaning its value won't be eroded over time"?
Agreed and changed. Thanks!
Great idea
In "What is Bitcoin":
I find "Well, bitcoins don't get value from any words of government, which is known as "fiat"." somewhat confusing.
I mean, I know what fiat is, but some people might interpret this sentence as " not getting value from goverment = fiat " (even though you use 'instead' in the next sentence).
Personally, I would change " bitcoins get value because people who learn how they work often begin to want them" to "bitcoins get value because they are scarce and useful, both as a medium of exchange and as a store of value."
"This makes Bitcoin a deflationary currency rather than an inflationary one, meaning the value of each bitcoin will probably increase over time, instead of decrease." --> depends on whether you are talking about price inflation or monetary inflation (you are probably talking about price inflation). Maybe change to "This makes Bitcoin resistant to inflation, meaning its value won't be eroded over time"?
In "What is Bitcoin":
I find "Well, bitcoins don't get value from any words of government, which is known as "fiat"." somewhat confusing.
I mean, I know what fiat is, but some people might interpret this sentence as " not getting value from goverment = fiat " (even though you use 'instead' in the next sentence).
Personally, I would change " bitcoins get value because people who learn how they work often begin to want them" to "bitcoins get value because they are scarce and useful, both as a medium of exchange and as a store of value."
"This makes Bitcoin a deflationary currency rather than an inflationary one, meaning the value of each bitcoin will probably increase over time, instead of decrease." --> depends on whether you are talking about price inflation or monetary inflation (you are probably talking about price inflation). Maybe change to "This makes Bitcoin resistant to inflation, meaning its value won't be eroded over time"?
Hey everyone,
Bitcoinquickstart.com is meant to consolidate information so newbies can get up and running fast.
People new to bitcoin often have similar questions and searching this forum and the wikis can require time and research turning many people off.
Please let me know how it might be improved or of any inaccurate information.
Thanks!
Bitcoinquickstart.com is meant to consolidate information so newbies can get up and running fast.
People new to bitcoin often have similar questions and searching this forum and the wikis can require time and research turning many people off.
Please let me know how it might be improved or of any inaccurate information.
Thanks!
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