Author

Topic: paper and pencil bitcoin (Read 903 times)

legendary
Activity: 3472
Merit: 10611
June 10, 2015, 10:15:54 PM
#6
check this out:
https://bitcointalksearch.org/topic/m.10101533

but i think it is a terrible idea because humans will make mistakes in calculations all the time and it is a really long and time consuming activity while there are many other safe ways to create a secure address.
sr. member
Activity: 322
Merit: 250
June 10, 2015, 01:08:09 PM
#5
I found the wikipedia article to be very helpful.  Also check out different forums and read lots of posts to get a good idea of bitcoins, not just the technical stuff but the social things as well.
legendary
Activity: 1260
Merit: 1003
June 10, 2015, 11:48:45 AM
#4
You can mine Bitcoins with paper and pencils, but Your hash rate will be measured in seconds / hash, not hashes / second. Tongue
legendary
Activity: 1204
Merit: 1028
June 10, 2015, 10:56:17 AM
#3
If the only things you were allowed were paper and pencil, say you were creating bitcoin in the 15th century, how would you do it? I ask because I'm trying to get a better understanding of how bitcoin works, and i think this would help a lot.
https://www.youtube.com/watch?v=y3dqhixzGVo

You will like this video. That is all that happens in the hashings but tons of times per second, which is what makes BTC so secure.
hero member
Activity: 560
Merit: 509
I prefer Zakir over Muhammed when mentioning me!
June 10, 2015, 10:11:13 AM
#2
First of all, this won't happen.

See http://www.righto.com/2014/09/mining-bitcoin-with-pencil-and-paper.html and https://reddit.com/r/Bitcoin/comments/2s2w1r/generate_addresses_private_keys_with_pencil_paper/.

P.S. You can't mine with paper and pencil and you can create address with paper and pencil but it's little hard.
newbie
Activity: 41
Merit: 0
June 10, 2015, 09:46:58 AM
#1
If the only things you were allowed were paper and pencil, say you were creating bitcoin in the 15th century, how would you do it? I ask because I'm trying to get a better understanding of how bitcoin works, and i think this would help a lot.
Jump to: