Looking for Bitcoin Q/A - Please contribute - page 2.

S4VV4S

hero member

Activity: 1582

Merit: 502

Quote from: BitCoinDream on April 16, 2014, 05:11:21 AM

@CoinLearn You may add the following Q

Q. What advantages a buyer get in using bitcoin ?

A. Following is a list of few advantages...

1. Buyer's card data is not coming to the seller. So no chance of theft from merchant's end.

~~2. Buyer's anonymity.~~

3. Recurring payment protection. Merchant cant enforce a recurring payment using a small checkbox tick.

FTFY

There is no such thing as anonymity in Bitcoin AFA.
Everything is recorded in a public ledger.

BitCoinDream

legendary

Activity: 2282

Merit: 1204

The revolution will be digital

Q. What is a 51% attack ?

CoinLearn

sr. member

Activity: 329

Merit: 251

Quote from: Ron~Popeil on June 09, 2014, 06:54:07 PM

Some kind of security lesson would be really good as well. The basics of cold wallets and encrypting your desktop wallet especially.

We have a few Q/A on security, but u may definitely post your own. More information is better for newbies.

@newIndia Thank u for your input...

Ron~Popeil

sr. member

Activity: 406

Merit: 250

Some kind of security lesson would be really good as well. The basics of cold wallets and encrypting your desktop wallet especially.

newIndia

legendary

Activity: 2198

Merit: 1049

Q. PoW and PoS - What are these ?

A. Proof-of-Work and Proof-of-Stake are criteria that determine your ability to add a block to the block chain. Their purpose is to ensure that the cost of adding an invalid transaction to the block chain is more than the benefit of the invalid transaction.

In PoW, the amount of work done by your mining hardware determines your chances of adding a block. In order to double spend you would need to expend a lot of computing power.

In PoS, the amount of coins you own determines your chances of adding a block. Double-spending damages the integrity of the currency, and doing it would threaten the value of the coins you own.

CoinLearn

sr. member

Activity: 329

Merit: 251

Quote from: BitCoinDream on April 16, 2014, 05:11:21 AM

@CoinLearn You may add the following Q

Q. What advantages a buyer get in using bitcoin ?

A. Following is a list of few advantages...

1. Buyer's card data is not coming to the seller. So no chance of theft from merchant's end.

2. Buyer's anonymity.

3. Recurring payment protection. Merchant cant enforce a recurring payment using a small checkbox tick.

Thank you for your input...

BitCoinDream

legendary

Activity: 2282

Merit: 1204

The revolution will be digital

@CoinLearn You may add the following Q

Q. What advantages a buyer get in using bitcoin ?

A. Following is a list of few advantages...

1. Buyer's card data is not coming to the seller. So no chance of theft from merchant's end.

2. Buyer's anonymity.

3. Recurring payment protection. Merchant cant enforce a recurring payment using a small checkbox tick.

CoinLearn

sr. member

Activity: 329

Merit: 251

Quote from: lepirate on April 13, 2014, 06:39:09 AM

There's already a good FAQ available from the bitcoin website: https://bitcoin.org/en/faq

Yah, I checked it and https://en.bitcoin.it/wiki/Faq is also a good one. But I dont want to copy-paste. Those can be presented in a less technical and interesting way for newbies. And I'm looking for some interesting Q/A as well. Here is an example...

Q. I heard someone bought 2 Piza for 10,000 BTC. Is it true ?

A. Yes, it absolutely is. The order was placed on May 18, 2010 and was executed on May 22, 2010. Those were the early days of bitcoin. You may find the details here.

MasterX

member

Activity: 88

Merit: 10

i just tried www.coinlearn.org out, bit of a poor mans website.
It looks like its made in 1998 with lots (way to many for the content on the site.) of ads.
When people use an ad blocker, it looks like a text only page with a rainbow colored title.

lepirate

hero member

Activity: 541

Merit: 500

Garbochock

There's already a good FAQ available from the bitcoin website: https://bitcoin.org/en/faq

CoinLearn

sr. member

Activity: 329

Merit: 251

We are running CoinLearn.org a Learning + Earning site for Bitcoin. We are planning to expand the Q/A database and hence looking for your support. Hereby requesting everyone to post some Q/A that they think a Bitcoin beginner should know...

Below is an example...

Q. What are the units of Bitcoin ?

A. There are 4 standard units of Bitcoin...
i. 1 BTC = 1 Bitcoin
ii. 1 mBTC = 10^(-3) Bitcoin
iii. 1 μBTC = 10^(-6) Bitcoin
iv. 1 Satoshi = 10^(-8) Bitcoin

Topic: Looking for Bitcoin Q/A - Please contribute - page 2. (Read 4168 times)