Topic: How can you verify if a bitcoin is real? - page 3. (Read 1122 times)
Go purchase a sandwich with it, eat the sandwich and then come back and tell me if it is real or not. BTC is real.
How can we verify if bitcoin is real? Bitcoin is legalized and known in the whole world, as for my own experience i have known bitcoin and i have lots of benefits in bitcoin. Many people doubts bitcoin and they do not believe in bitcoin, also we cannot seize them because they are being careful in online world. Scams are unpredictable and we cannot prevent scam but we can prevent being scammed. So just search more infos for them to be okay.
throught some machine verification
Hi All,
First post so please be gentle!. I'm trying to get familiar with crypto currency and understand 'how it works'. I've reached a block and I'm hoping someone can shed some light on a particular point.
I understand the process of using public and private keys, back from the time when Phil Zimmermann created PGP. PGP allowed a user to encrypt a file, eg: an email/file (technically, just a bunch of ones and zeros) so that when the other user decrypted the file, they would see the words/file again. Or, to phrase it another way, the encryption was just a 'wrapper' for the content - ie, the words in my email or the file I sent.
Now, if someone sent me a bitcoin, how would I know what I was looking at? With an encrypted email, once decrypted I would be able to see something (text/file) and realise that I had actually received something. But, if someone sent me a bitcoin, what would I be looking at when I decrypted with my private key? A file filled with ones and zeros? Or maybe a simple text file with words inside saying, "Hey, this is 1 bitcoin!"
Can someone shed some light on what it I actually receive when I purchase a bitcoin and how I can verify that what I have 'in my hands', is actually a bitcoin and not just a bunch of ones and zeros? I understand that the blockchain is supposed to verify what is what but, what if I wanted to pass my bitcoin directly to you without the blockchain. Again, how would I know, what I received - was a bitcoin?
Thank you for your time and patience with my lack of understanding!
Regards,
Staffs Lebowski..
Every transaction with bitcoins is stored in the blockchain ledger which will be there forever and it can never be manipulated by anyone ever. Which goes on to show that it is real. First post so please be gentle!. I'm trying to get familiar with crypto currency and understand 'how it works'. I've reached a block and I'm hoping someone can shed some light on a particular point.
I understand the process of using public and private keys, back from the time when Phil Zimmermann created PGP. PGP allowed a user to encrypt a file, eg: an email/file (technically, just a bunch of ones and zeros) so that when the other user decrypted the file, they would see the words/file again. Or, to phrase it another way, the encryption was just a 'wrapper' for the content - ie, the words in my email or the file I sent.
Now, if someone sent me a bitcoin, how would I know what I was looking at? With an encrypted email, once decrypted I would be able to see something (text/file) and realise that I had actually received something. But, if someone sent me a bitcoin, what would I be looking at when I decrypted with my private key? A file filled with ones and zeros? Or maybe a simple text file with words inside saying, "Hey, this is 1 bitcoin!"
Can someone shed some light on what it I actually receive when I purchase a bitcoin and how I can verify that what I have 'in my hands', is actually a bitcoin and not just a bunch of ones and zeros? I understand that the blockchain is supposed to verify what is what but, what if I wanted to pass my bitcoin directly to you without the blockchain. Again, how would I know, what I received - was a bitcoin?
Thank you for your time and patience with my lack of understanding!
Regards,
Staffs Lebowski..
It is difficult to give you a short synthetic answer if you are starting from zero. However, to make it simple, if you have installed a legit Bitcoin wallet, this will connect to the blockchain, which is a distributed ledger, shared by people who have Bitcoins, which exists exactly to check that every Bitcoin is real. For better explanations you can probably google Bitcoin.
If you ask, then all will answer that Bitcoin can not be seen but we can hold it even though this is only digital, and it is certainly just a number, let's just say we watch digital watches that are only digital and numerical figures, so if you want to investigate then please go ahead and everyone has different speculation ...
Crypto moneys are not tangible assets. You can not hold it like paper money or coins. There is no concrete in the digital world.
There are no people who do not use credit cards in the world. You can not use the money on the credit card tangibly.
That's right! Cryptocurrencies cannot be touched because it's a digital money. People can hold it only in an online wallet or in hardware wallet. I don't know why the OP asks some question like that, bitcoin is a real as people can exchange it to real currencies without any problem with this exchange you can feel real cash in your hands. I am sure that bitcoin is real as a million of people around the world use it daily and make some purchases with it.There are no people who do not use credit cards in the world. You can not use the money on the credit card tangibly.
Hi All,
First post so please be gentle!. I'm trying to get familiar with crypto currency and understand 'how it works'. I've reached a block and I'm hoping someone can shed some light on a particular point.
I understand the process of using public and private keys, back from the time when Phil Zimmermann created PGP. PGP allowed a user to encrypt a file, eg: an email/file (technically, just a bunch of ones and zeros) so that when the other user decrypted the file, they would see the words/file again. Or, to phrase it another way, the encryption was just a 'wrapper' for the content - ie, the words in my email or the file I sent.
Now, if someone sent me a bitcoin, how would I know what I was looking at? With an encrypted email, once decrypted I would be able to see something (text/file) and realise that I had actually received something. But, if someone sent me a bitcoin, what would I be looking at when I decrypted with my private key? A file filled with ones and zeros? Or maybe a simple text file with words inside saying, "Hey, this is 1 bitcoin!"
Can someone shed some light on what it I actually receive when I purchase a bitcoin and how I can verify that what I have 'in my hands', is actually a bitcoin and not just a bunch of ones and zeros? I understand that the blockchain is supposed to verify what is what but, what if I wanted to pass my bitcoin directly to you without the blockchain. Again, how would I know, what I received - was a bitcoin?
Thank you for your time and patience with my lack of understanding!
Regards,
Staffs Lebowski..
Bitcoin does not have fake, it is not like fiat money, if someone sends you bitcoin then it will show up in your wallet if the transaction is done right. You cannot just make bitcoin at will. First post so please be gentle!. I'm trying to get familiar with crypto currency and understand 'how it works'. I've reached a block and I'm hoping someone can shed some light on a particular point.
I understand the process of using public and private keys, back from the time when Phil Zimmermann created PGP. PGP allowed a user to encrypt a file, eg: an email/file (technically, just a bunch of ones and zeros) so that when the other user decrypted the file, they would see the words/file again. Or, to phrase it another way, the encryption was just a 'wrapper' for the content - ie, the words in my email or the file I sent.
Now, if someone sent me a bitcoin, how would I know what I was looking at? With an encrypted email, once decrypted I would be able to see something (text/file) and realise that I had actually received something. But, if someone sent me a bitcoin, what would I be looking at when I decrypted with my private key? A file filled with ones and zeros? Or maybe a simple text file with words inside saying, "Hey, this is 1 bitcoin!"
Can someone shed some light on what it I actually receive when I purchase a bitcoin and how I can verify that what I have 'in my hands', is actually a bitcoin and not just a bunch of ones and zeros? I understand that the blockchain is supposed to verify what is what but, what if I wanted to pass my bitcoin directly to you without the blockchain. Again, how would I know, what I received - was a bitcoin?
Thank you for your time and patience with my lack of understanding!
Regards,
Staffs Lebowski..
Crypto moneys are not tangible assets. You can not hold it like paper money or coins. There is no concrete in the digital world.
There are no people who do not use credit cards in the world. You can not use the money on the credit card tangibly.
There are no people who do not use credit cards in the world. You can not use the money on the credit card tangibly.
Ask your friend or your know people who use bitcoin in a year's or a month because this people are have a knowledge of bitcoin and many currency. If you understand what bitcoin is you verify the bitcoin is real.
Why do you ask such a question? Bitcoin and others are digital currency. It does not have to be something tangible.
There will be no concrete money in the near future. Everything will be digital. People generally trust what they see and hold. Over time, digital money will get more and more into our lives. People will get used to this technology and be accepted.
There will be no concrete money in the near future. Everything will be digital. People generally trust what they see and hold. Over time, digital money will get more and more into our lives. People will get used to this technology and be accepted.
Bitcoin is real because the proof is here, just read many threads and you will understand why bitcoin exist in our generation.
I see a lot of confusion there, but that is perfectly normal since you are new in this area apparently. First, and like some users pointed out, there is no bitcoin without blockchain. You must understand that we have the blockchain technology, that basically is just a record of blocks that are linked and secured by cryptography. The blockchain technology is what guarantees that whatever information you receive using that technology is real. This is what miners do, they make sure the blocks (records of transactions made between users) are valid/real before they are added to the blockchain.
Now bitcoin, is just a protocol, or a "set of rules", that runs on the blockchain. So you don't need to do anything to make sure that the bitcoin you have is real, because it's held on the blockchain, and is that technology that makes sure that the bitcoin transaction you just received is real (that tx is on a block that is added to the blockchain, and all that is verified by miners).
I agree on it. Now bitcoin, is just a protocol, or a "set of rules", that runs on the blockchain. So you don't need to do anything to make sure that the bitcoin you have is real, because it's held on the blockchain, and is that technology that makes sure that the bitcoin transaction you just received is real (that tx is on a block that is added to the blockchain, and all that is verified by miners).
Only no one will say what will happen in a year. Is this a bubble, or an alternative to gold?
Hi All,
First post so please be gentle!. I'm trying to get familiar with crypto currency and understand 'how it works'. I've reached a block and I'm hoping someone can shed some light on a particular point.
I understand the process of using public and private keys, back from the time when Phil Zimmermann created PGP. PGP allowed a user to encrypt a file, eg: an email/file (technically, just a bunch of ones and zeros) so that when the other user decrypted the file, they would see the words/file again. Or, to phrase it another way, the encryption was just a 'wrapper' for the content - ie, the words in my email or the file I sent.
Now, if someone sent me a bitcoin, how would I know what I was looking at? With an encrypted email, once decrypted I would be able to see something (text/file) and realise that I had actually received something. But, if someone sent me a bitcoin, what would I be looking at when I decrypted with my private key? A file filled with ones and zeros? Or maybe a simple text file with words inside saying, "Hey, this is 1 bitcoin!"
Can someone shed some light on what it I actually receive when I purchase a bitcoin and how I can verify that what I have 'in my hands', is actually a bitcoin and not just a bunch of ones and zeros? I understand that the blockchain is supposed to verify what is what but, what if I wanted to pass my bitcoin directly to you without the blockchain. Again, how would I know, what I received - was a bitcoin?
Thank you for your time and patience with my lack of understanding!
Regards,
Staffs Lebowski..
This is your first post,but seems like youre more educated in crypto than mine lol..bitcoin is bitcoin once it enters youre wallet its genuine coins and not zeros or ones.First post so please be gentle!. I'm trying to get familiar with crypto currency and understand 'how it works'. I've reached a block and I'm hoping someone can shed some light on a particular point.
I understand the process of using public and private keys, back from the time when Phil Zimmermann created PGP. PGP allowed a user to encrypt a file, eg: an email/file (technically, just a bunch of ones and zeros) so that when the other user decrypted the file, they would see the words/file again. Or, to phrase it another way, the encryption was just a 'wrapper' for the content - ie, the words in my email or the file I sent.
Now, if someone sent me a bitcoin, how would I know what I was looking at? With an encrypted email, once decrypted I would be able to see something (text/file) and realise that I had actually received something. But, if someone sent me a bitcoin, what would I be looking at when I decrypted with my private key? A file filled with ones and zeros? Or maybe a simple text file with words inside saying, "Hey, this is 1 bitcoin!"
Can someone shed some light on what it I actually receive when I purchase a bitcoin and how I can verify that what I have 'in my hands', is actually a bitcoin and not just a bunch of ones and zeros? I understand that the blockchain is supposed to verify what is what but, what if I wanted to pass my bitcoin directly to you without the blockchain. Again, how would I know, what I received - was a bitcoin?
Thank you for your time and patience with my lack of understanding!
Regards,
Staffs Lebowski..
To answer your question I would like to clarify this things. Every coin have its own unique set of wallets and addresses so this means that if you have bitcoins you should send it to a bitcoin address and not to other altcoin addresses. Also please do not complicate things if you receive bitcoins or any other cryptocurrency coin you will receive a number just like this " 0.36542 btc or 123.59463300 doge.
Thats what im telling OP,once bitcoin enters wallet address its real,the man looks very educated but why it seems like this small issue looks bigger for him 😂 
To answer your question I would like to clarify this things. Every coin have its own unique set of wallets and addresses so this means that if you have bitcoins you should send it to a bitcoin address and not to other altcoin addresses. Also please do not complicate things if you receive bitcoins or any other cryptocurrency coin you will receive a number just like this " 0.36542 btc or 123.59463300 doge.
I don't think that there is a chance for you to have a fake bitcoin because you can easily see if the transaction was real or if your balance is real if it appears on the blockchain explorer of bitcoin and that is the simplest way for me to see that bitcoin is real so if you want to see or verify it then go to the blockchain but overall, bitcoin cannot be copied or have a fake type of crypto.
There was a report shared here where some researchers claimed that they can prove the many people are holding hacked bitcoins. But it was found to be a fake claim, I think it is impossible to create fake bitcoins also.
If you have your own bitcoins in your phone,tablet or laptop,you can buy yourself some coffee in the nearest bitcoin-accepting coffee shop.If they accept your bitcoins,you can feel confident they are real.
Well. Like in real life, your wallet must be secured. I think Bitcoin makes it possible to transfer value anywhere in a very easy way and it allows you to be in control of your money.
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