A community dedicated to Bitcoin, the currency of the Internet. Bitcoin is a distributed, worldwide, decentralized digital money. Bitcoins are issued and managed without any central authority whatsoever: there is no government, company, or bank in charge of Bitcoin. You might be interested in Bitcoin if you like cryptography, distributed peer-to-peer systems, or economics. A large percentage of Bitcoin enthusiasts are libertarians, though people of all political philosophies are welcome.
/btc was created to foster and support free and open Bitcoin discussion about cryptocurrency, Bitcoin news, and exclusive AMA (Ask Me Anything) interviews from top Bitcoin and cryptocurrency leaders. Bitcoin is the currency of the Internet. A distributed, worldwide, decentralized digital money. Unlike traditional currencies such as dollars, bitcoins are issued and managed without the need for any central authority whatsoever. Learn more about Bitcoin, Bitcoin Cash, cryptocurrency, and more.
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.
Bitcoin Wikipedia page needs an update. It is heavily biased toward Core philosophy and references the deceitful Bitcoin.org website.
https://en.wikipedia.org/wiki/Bitcoin If we want to get bitcoin.org out of the first result for searching "bitcoin", then we need their link removed from the wikipedia page. Google identifies this as a strong vouch for it being an authority page.
The Bitcoin Wikipedia article gets posted here every other day with someone complaining about some aspect of it. As, currently, the 18th highest viewed page on Wikipedia it definitely needs some work, and I'd love all the enthusiastic Bitcoiners here to help! Rather than suggest you all jump in and start contributing, I've come up with a list of things I've noticed we could do with your help on (and I and other editors are happy to add them):
References for a positive reception paragraph or two - The Reception section is woefully negative at the moment. There are a wealth of articles out there documenting reception to Bitcoin, I just need some help finding them!~~ If you can link to reliable (Non-blog) articles discussing reception to Bitcoin it would be a great help. A (preliminary) positive paragraph has been added.
References for a section on the recent US hearings - This could easily be a Reception sub-heading, but again there's a plethora of articles and having them all in one place would be great. A paragraph has been added on this
Images - The article is a bit lacking in images. What images do you think would be good to include, and do you have any that you could release under a Creative Commons license?
Anything else you think is wrong with the article - The point of Wikipedia is that it's built by everyone and anyone; if you think something is missing or should be changed then say so!
If anyone fancies trying their hand at writing up summaries of the references they find, I can include them straight in if you don't have an account (the article is currently semi-protected). I've been editing Wikipedia for a while now and would be happy to try to include any reasonable requests you have into the article, or answer any questions you have about how Wikipedia works and the Bitcoin article. The bottom line is that the Wikipedia article is incredibly important for public perception and understanding of Bitcoin and if you're interested in improving the article, do so! Wikipedia is free for anyone to constructively edit so come and help, more editors are always needed!
Traffic to Bitcoin's Wikipedia article hit an all-time high yesterday (Nov. 28): 144K visits, and the day before had 123K visits. For those thinking of selling, consider how many of these people who just looked up Bitcoin and bothered to go to Wikipedia then went to buy some [Original link below]
The past 20 days of traffic to Bitcoin's Wikipedia article. Of course, Nov. 28, 2017 was the day that Bitcoin hit $10,000. Keep in mind that this article is the 2nd Google result for the search-term "Bitcoin," after Bitcoin.org. 100s of 1000s of people have been googling Bitcoin in the past 2 weeks.
On Bitcoin Wikipedia page the reception section is nothing but an exclusive list of negative reception.
Wikipedia Section Many famous people have positive things to say about Bitcoin, at the very least the article should be balanced and not 100% negative. Can anyone consider updating it? I do not know how to contribute to the talk section of a Wikipedia page, though if someone wants to help update the page, I can help research positive reception with sources so it meets Wikipedia standards.
Bitcoin's Wikipedia article has been nominated for good page status
This is a text post instead of a link to prevent a brigade; I just thought you all should know. If anything, you can help the article by making constructive edits right now! I wouldn't get involved in the GA discussion unless you are an experienced editor.
Bitcoin mining is a transaction record process with bitcoins to blockchain – the public database of all the operations with Bitcoin, which is responsible for the transaction confirmation. Network nodes use blockchain to differ the real transactions from the attempt to spend the same facilities twice. The main mining objective is reaching a consensus between network nodes on which ... Bitcoin was the first cryptocurrency to successfully record transactions on a secure, decentralized blockchain-based network. Launched in early 2009 by its pseudonymous creator Satoshi Nakamoto ... The bitcoin blockchain is a public ledger that records bitcoin transactions.  It is implemented as a chain of blocks, each block containing a hash of the previous block up to the genesis block [lower-alpha 4] of the chain. A network of communicating nodes running bitcoin software maintains the blockchain. : 215–219 Transactions of the form payer X sends Y bitcoins to payee Z are ... What is bitcoin? Bitcoin (bit – the minimum unit of information and coin – coin) – a payment system based on P2P technology (English peer-to-peer – peer to peer). The principle of its operation is based on an open data transfer protocol. The system uses the Bitcoin unit of the same name, the first and most famous cryptocurrency. Note: Exchanges provide highly varying degrees of safety, security, privacy, and control over your funds and information. Perform your own due diligence and choose a wallet where you will keep your bitcoin before selecting an exchange.
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