Why do people confusingly call Bitcoin, Wikipedia, and such decentralized?
It's such an odd confusion. Why do people not understand what a real decentralized system is? For example I just read an article where someone was saying that Wikipedia is decentralized while Facebook is centralized. Which makes no sense at all. Both have user generated content on a platform with a particular set of rules about how that content is structured and where it can be shared. And both have a small hub of individuals who make most of the decisions about the rules. The same is true for Bitcoin. Therse are all very centralized systems. There are differences, obviously. Wikipedia is a non-profit, with a particular, shared goal. Facebook is a for-profit, with various and sometimes competing goals amongst the participants. Bitcoin has a very specific, mostly shared goal of generating and keeping track of mostly meaningless numbers while trying to con people into pretending that they are not meaningless so that early participants can make a profit. In Facebook, the rules are made by hired employees and a board of directors maybe, who represent investors. Wikipedia's rules are decided by the creator and employees, or hired volunteers, and to some extent by power users, I believe. Bitcoin's rules are decided by some anonymous and uncontactable "Satoshi", and then power users, for the most part. Not one of them has a system where everyone is free to make their own rules. In ann of them the power is centralized and if you don't follow the rules, you get booted out of the system. What they do have in common is a large percentage of volunteer participants. They are all crowd sourced to a large extent. And with Bitcoin and Wikipedia, but not Facebook, there is a shared goal. And with Bitcoin, it's all volunteer run and none of the volunteers after Satoshi were hired or elected. It's open to anyone who wants to, and has the resources to, help make the rules. But a truly decentralized system has all volunteers and no hired ones anywhere, and has diverse rules so that anyone can participate even folks with seemingly competing rules. No one can kick anyone out.
"Anyone else intrigued that Jimmy Wales (*ahem* the founder of Wikipedia ) is going to be speaking at CoinGeek London at the end of this month? Talking about how Bitcoin can stop fake news and misinformation? Check it out. "
The best time to buy bitcoins was seven or eight years ago. The second best time to buy bitcoin is now. We are living a very special time in history. This tech will change the world and we are right in the eye of the storm that is forming. Most important: there's no turning back, so you might just jump aboard as well.
Enjoy the lows on price to learn. Watch every video from [Andreas Antonopoulos](antonopoulos.com) and download his book "The Internet of money". His talks teach us how incredible and revolutionary the technology is. When he compares this new tech to the beginning of automobiles and electricity you will get your mind blown away. You will think about what you can sell so you can buy more Bitcoins because It will change the world and almost nobody realised It yet. You won't be able to sleep well for a while. When that happens, remember not to risk more than you can afford to lose.
Since you are hooked by now, talk about it with your friends, family and teachers, bosses, politicians, priest, whatever. Tell them to buy and use It and learn It. It's a new concept of money and a new concept of a means of payment. This thing is new for everybody! Tell them they will be knowledgable of something new, that few people know, specially the journalists that write about It (But they got a lot better, truth be told). Just don't tell them they will make a lot of money. Tell them that they might make a lot of money in the long run and that they also might lose everything. Tell them to learn and make their own decisions.
And be safe. You are your own bank. Even people that use It for years is still thinking about the best way to work things out ( e.g. how to store their backups). It's the wild west. It has scams all over the place, so you have to learn to play It safe, don't trust everyone and literally be your own bank. How? Don't try to day trade. Don't try to buy the next Pumpcoin that got up 70% yesterday. Don't do ICOs. Use a Ledger wallet or a Trezor wallet for larger amounts.
I hope I have covered some basics and that this will give some guidance to new people to learn and don't get burned in the crypto space. To the moon!
There is a huge edit war on Wikipedia where trolls like the user "Jtbobwaysf" are trying very hard to inject the word "bcash" into Bitcoin Cash pages and reverting/editing other pages that speak factually poorly on topics such as Lightning Network, Segwit, etc.
Hi, I have been using CoinBase but recently ran into some issues with their service. I tried to create a Kraken account but because of my place of residence I'm not allowed to use their service. What is the best place I can buy/trade crypto (lowest fees, best security) in WA state?
About two days ago I bought $1000 of bitcoin, which is the daily limit for Gemini. I wanted to buy more so I tried to deposit cash into my account and be able to get more that way but the transaction was denied and now my Gemini account is showing a negative balance for USD but the money never went through. So now if I deposit the 500 I tried to put in a couple days ago will that zero out the balance and make me loose $500 for no reason? Or will that money just be able to be accessed to trade for crypto?
"Email first entered limited use in the 1960s and by the mid-1970s had taken the form now recognized as email."-wikipedia | This video shows how to send an Email in 1984. We're witnessing Bitcoin move beyond this phase of inaccessibility, with layer 2 development and smart contracts
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