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Topic: Today marks the 8th anniversary of me being a Bitcoiner. (Read 1062 times)

vip
Activity: 1428
Merit: 1145
Could you explain mining in details please?

Just like mining for gold with picks and shovels, bitcoins, too, are mined similarly but with computers. The first person who finds the next block is awarded the prize of currently 12.5 bitcoins. There will only be 20M bitcoins mined, after which a new Bitcoin will be created by our grandchildren.

Solo mining is very hard now so it's best to join a pool consisting of other hard miners.

sr. member
Activity: 280
Merit: 252
Xavier
Could you explain mining in details please?
vip
Activity: 1428
Merit: 1145
How would you explain to 10/12 yo child what Bitcoin is?

Bitcoin is a payment processing thingy used to send moneys on the wew.
member
Activity: 94
Merit: 10
How would you explain to 10/12 yo child what Bitcoin is?

guess they are too busy with the stuff he bought with the bitcoins he hodled for so long
legendary
Activity: 3528
Merit: 1234
Top Crypto Casino
How would you explain to 10/12 yo child what Bitcoin is?
member
Activity: 94
Merit: 10
congratulations, sir
sr. member
Activity: 417
Merit: 253
I hate everyone, equally.
I was part of Bitcoin Alpha in 2008, testing the protocol prior to the release of Bitcoin Beta than Bitcoin Gamma. Sadly, there wasn't too much testing to do because Satoshi's code was perfect for the times, only later needing modifications.

I helped shaped the way for all those few who later joined in the venture in 2009 prior to the outbreak of 2010.

Well Sir, good anniversary then...  Wink
vip
Activity: 1428
Merit: 1145
Congratulations, Sir. To us newcomers, what advice would you offer? Also, could you explain the cause for rise and fall in BTC according to your views?

Thanks, bud. Yes I can answer that question. The reason for the rise and fall of BTC is due to cause and effect, coupled with rogue entities gaming the system mostly in the exchanges, but mostly due to cause and effect and the gaming of the system. Hope that explains it, bud. Any more questions needing answered by this Bitcoin Guru?

Thank you, sire. Could you give a brief explanation of what "Blocks" are?

Blocks are the glue that hold the Bitcoin protocol together. Of course, not real glue - just a figure of speech. Soon, that 'glue' will be soften so that Bitcoin Blocks can easily adhere to ALL altcoin blocks.

Ask me another, for I'm the Bitcoin Guru.
sr. member
Activity: 280
Merit: 252
Xavier
Congratulations, Sir. To us newcomers, what advice would you offer? Also, could you explain the cause for rise and fall in BTC according to your views?

Thanks, bud. Yes I can answer that question. The reason for the rise and fall of BTC is due to cause and effect, coupled with rogue entities gaming the system mostly in the exchanges, but mostly due to cause and effect and the gaming of the system. Hope that explains it, bud. Any more questions needing answered by this Bitcoin Guru?

Thank you, sire. Could you give a brief explanation of what "Blocks" are?
member
Activity: 97
Merit: 10
Tipsters Championship www.DirectBet.eu/Competition
Satoshi alt found and targeted
vip
Activity: 1428
Merit: 1145
Congratulations, Sir. To us newcomers, what advice would you offer? Also, could you explain the cause for rise and fall in BTC according to your views?

Thanks, bud. Yes I can answer that question. The reason for the rise and fall of BTC is due to cause and effect, coupled with rogue entities gaming the system mostly in the exchanges, but mostly due to cause and effect and the gaming of the system. Hope that explains it, bud. Any more questions needing answered by this Bitcoin Guru?
sr. member
Activity: 280
Merit: 252
Xavier
Congratulations, Sir. To us newcomers, what advice would you offer? Also, could you explain the cause for rise and fall in BTC according to your views?
vip
Activity: 1428
Merit: 1145
but isn't Bitcoin from 2009?

Huh

I was thinking exactly the same thing!
Maybe he wanted to say he was here since the beginning...

He created the Creator! Mhmm... this reminds me something...  Huh

I was part of Bitcoin Alpha in 2008, testing the protocol prior to the release of Bitcoin Beta than Bitcoin Gamma. Sadly, there wasn't too much testing to do because Satoshi's code was perfect for the times, only later needing modifications.

I helped shaped the way for all those few who later joined in the venture in 2009 prior to the outbreak of 2010.
sr. member
Activity: 417
Merit: 253
I hate everyone, equally.
but isn't Bitcoin from 2009?

Huh

I was thinking exactly the same thing!
Maybe he wanted to say he was here since the beginning...

He created the Creator! Mhmm... this reminds me something...  Huh
sr. member
Activity: 448
Merit: 250
but isn't Bitcoin from 2009?

Huh

I was thinking exactly the same thing!
Maybe he wanted to say he was here since the beginning...
member
Activity: 88
Merit: 10
Tipsters Championship www.DirectBet.eu/Competition
but isn't Bitcoin from 2009?

Huh
newbie
Activity: 68
Merit: 0
8 years of bitcoiner!
oh I want  a teacher like this.
How much did you earn and lost since this years?
vip
Activity: 1428
Merit: 1145
Congratz, maybe go out and buy something nice for yourself in bitcoin? Smiley

I think I'll have a t-shirt made with the words I've Been a Bitcoiner Since 2008 written on its front.
legendary
Activity: 1736
Merit: 1029
Congratz, maybe go out and buy something nice for yourself in bitcoin? Smiley
vip
Activity: 1428
Merit: 1145
Yes, it's true! On this date 8 years ago I became a Bitcoiner, mining, trading and hoarding bitcoins. Damn, it seems like only yesterday. Funny how time flies by so quickly. No, I wasn't using this account back then. I had a different one, but the proof is all documented for any of you naysayers to see.

Here's to another 8 years of being a Bitcoiner.

Bruno

It's only been 8 years? feels like longer

I feel like there's also been more than just 1 alt coin before bitcoin

Does anyone know the coins before this BTC??

Yes, the big one prior to Bitcoin was BrightCoin, but its creator was arrested. That's why Satoshi Nakamoto never gave up his ID and went into hiding when Gavin Andressen turned over his vitals to the CIA.

Ask me anything. I know everything pertaining to Bitcoin since I've been here since 2008. I even know theymos' cat's name, but swore to him over dinner back in 2009 that I wouldn't tell anybody.
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