Topic: Terminology - page 11. (Read 79662 times)
Bookmarked! Thanks again yogi
Very useful read!thanks
This is very useful.
But it's pure coincidence that I found this thread given the high activity in the newbies section.
Why isn't this stickied?
But it's pure coincidence that I found this thread given the high activity in the newbies section.
Why isn't this stickied?
it was stickied,its not now because newbs where posting on it.
Just saw that it is referenced in the newbie readme thread which is stickied.
Ok then.
Great list, thanks.
This is very useful.
But it's pure coincidence that I found this thread given the high activity in the newbies section.
Why isn't this stickied?
But it's pure coincidence that I found this thread given the high activity in the newbies section.
Why isn't this stickied?
it was stickied,its not now because newbs where posting on it.
This is very useful.
But it's pure coincidence that I found this thread given the high activity in the newbies section.
Why isn't this stickied?
But it's pure coincidence that I found this thread given the high activity in the newbies section.
Why isn't this stickied?
Thank you all for a very useful list!
One item that I would love to see added, is the definition and/or explanation of a "change address".
I've read about several situations where people using paper wallets have lost some of their BTC because they may not have been aware that, depending on the client they imported their key into, the remainder of their unspent BTC is not necessarily sent back to the original address on the paper wallet. Hopefully a clear explanation of that might help prevent such a loss in the future.
I'm pretty sure I have a decent understanding of it, but I don't think I'm qualified to provide an "official" definition. If someone is willing to add that to the list, that would be great.
Thanks!
One item that I would love to see added, is the definition and/or explanation of a "change address".
I've read about several situations where people using paper wallets have lost some of their BTC because they may not have been aware that, depending on the client they imported their key into, the remainder of their unspent BTC is not necessarily sent back to the original address on the paper wallet. Hopefully a clear explanation of that might help prevent such a loss in the future.
I'm pretty sure I have a decent understanding of it, but I don't think I'm qualified to provide an "official" definition. If someone is willing to add that to the list, that would be great.
Thanks!
Thanks mittbitterson, 'Change Address' added.
Thank you
Very good post for us new to bitcoin, cheers 
However, one question - I thought bitcoin was meant to be infinitely divisible (sure I read that when reading about deflation)?
I ask because of this:
Thanks again for a great post.
K.
However, one question - I thought bitcoin was meant to be infinitely divisible (sure I read that when reading about deflation)?
I ask because of this:
'SAT' & 'Satoshi'
Smallest possible denomination of bitcoin, which is 0.00000001 BTC.
Smallest possible denomination of bitcoin, which is 0.00000001 BTC.
Thanks again for a great post.
K.
Bitcoin is not and never will be infinitely* divisible. Amount 0.00000001 BTC is currently smallest unit. Value is currently expressed by 8byte (64bit) number of this units. This means there is space for 18 446 744 073 709 551 616 units. Considering maximum 21M coins, smallest unit would be ~1.14E-12 BTC. Effectively this means space for adding additional 3 decimal places up to 1E-11 BTC as other values for smallest unit would be impractical**.
We can estimate gross domestic product of planet Earth to be less than 1E14 USD (about 0.83E14 in 2012). If all the world economy was converted to bitcoins then 1 Satoshi would be worth 4.762 cents in current USD. Above mentioned "smallest unit" thousand times less. This I consider adequate for the planetary phase of human evolution :-].
* - infinitely divisible no. But divisible up to the number of atoms in the observed universe times number seconds universe exists that would be no problem.
** - in decimal base. Tonal bitcoin that is different story.
Thank you all for a very useful list!
One item that I would love to see added, is the definition and/or explanation of a "change address".
I've read about several situations where people using paper wallets have lost some of their BTC because they may not have been aware that, depending on the client they imported their key into, the remainder of their unspent BTC is not necessarily sent back to the original address on the paper wallet. Hopefully a clear explanation of that might help prevent such a loss in the future.
I'm pretty sure I have a decent understanding of it, but I don't think I'm qualified to provide an "official" definition. If someone is willing to add that to the list, that would be great.
Thanks!
One item that I would love to see added, is the definition and/or explanation of a "change address".
I've read about several situations where people using paper wallets have lost some of their BTC because they may not have been aware that, depending on the client they imported their key into, the remainder of their unspent BTC is not necessarily sent back to the original address on the paper wallet. Hopefully a clear explanation of that might help prevent such a loss in the future.
I'm pretty sure I have a decent understanding of it, but I don't think I'm qualified to provide an "official" definition. If someone is willing to add that to the list, that would be great.
Thanks!
Very good post for us new to bitcoin, cheers
However, one question - I thought bitcoin was meant to be infinitely divisible (sure I read that when reading about deflation)?
I ask because of this:
Thanks again for a great post.
K.
However, one question - I thought bitcoin was meant to be infinitely divisible (sure I read that when reading about deflation)?
I ask because of this:
'SAT' & 'Satoshi'
Smallest possible denomination of bitcoin, which is 0.00000001 BTC.
Smallest possible denomination of bitcoin, which is 0.00000001 BTC.
Thanks again for a great post.
K.
Very useful, thx.
[Group Buy] =Group buying, also known as collective buying, offers products and services at significantly reduced prices on the condition that a minimum number of buyers would make the purchase.
Thanks again uk1, 'Group Buy' added.
[Group Buy] =Group buying, also known as collective buying, offers products and services at significantly reduced prices on the condition that a minimum number of buyers would make the purchase.
Very useful catalogue! Thanks!
This thread answered several questions I had -- thx!
Thank you for this thread!
Very useful read!
Very useful read!
Useful thread. I only wish I'd jumped on Cosbycoin earlier, it sounds like the currency of the future for sure 
Should FC- Feathercoin be listed as an alternate coin too?
If Feathercoin withstands the test of time then it will be added to the list.
Should FC- Feathercoin be listed as an alternate coin too?
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