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Welcome to the Bitcoin WikiEdit

This is a wiki where everyone can edit in contrast to other Bitcoin wikis where you have to pay Bitcoin in order to contribute and/or edit.

What is Bitcoin? Edit

Watch this introductory video: What is Bitcoin? -- Published on Apr 24, 2014

Bitcoin softwareEdit

  • Electrum (wiki space free. If you have an idea or information to add about Electrum, feel free to!)

Transaction fees

Securing BitcoinsEdit

  • Any practical info on storing Bitcoins with multiple signatures that are bound to a single Bitcoin address required to spend them, is welcome in the Specific software or implementations section.

Specific software or implementationsEdit

Bitcoind clue by monsterer

Is this relevant? I browsed a GitHub repository page by greenaddress, but I got lost.

Why Use Bitcoins? Edit

Low or Negligible Transfer Fees Edit

When paying a friend through typical online services, it can typically cost upwards of 2.5% + $0.50 in fees. This means when you digitally pay your buddy $100, it will cost $3. Or, if you purchase something for $25,000 it will cost $625.50. That is a lot of wasted money in fees. With Bitcoin, you can pay flat near-zero transaction fees that can be as low as a $0.01 depending on how fast you want the transaction to complete.

Speed and Global Reach Edit

You can pay someone in India or London just as easily as someone in Argentina or Hong Kong. Bitcoin is completely global and works over the internet.

Security and Privacy Edit

Payment "push" rather than "pull". That is, with credit cards, when you hand the merchant your card they can extract as much as they want. With Bitcoin, you send an exact amount to a merchant, and they have no power to pull out more from your account. You do not need to provide your name, address, phone number, and other private information when making a purchase through Bitcoin (although some merchants may still force you, it is not a part of Bitcoin itself). You can pay your friends, peers, co-workers without a commercial 3rd party (like PayPal), which also means lower negligible fees.

Note: Wallet-to-wallet transfer data (transaction address + amount) is public. However, this information is not tied to your name unless you somehow provide it.

Sound Money Edit

Bitcoin has all the implications of sound money, which includes the idea that many global problems come from money corruption and spending. Bitcoin is not government-controlled money. It is open-source, peer-to-peer, decentralized money, which means it's money for the people by the people. Bitcoins are created through a difficult "mining" process which is regulated by the physical capabilities of computers. It cannot be arbitrarily created, such as with government currency inflation.

Where to Buy Bitcoins Edit

Where to Spend Bitcoins (What can I buy with Bitcoin?) Edit

Major Online Businesses (Direct) Edit

Small Online Businesses (Direct) Edit

Major B&M Businesses (Direct) Edit

  • Nothing (yet)

Small B&M Businesses (Direct) Edit

  • See Local Bitcoin Map

Major Businesses (Indirect, e.g. through Gift Cards purchased with Bitcoin) Edit

You can go to Bitcoin-friendly gift card merchants such as Gyft and eGifter for a full list.

  • Amazon
  • Walmart
  • Target
  • CVS
  • Whole Foods
  • Banana Republic
  • 1-800 Flowers
  • American Airlines
  • Best Buy
  • Burger King
  • Hyatt
  • Kohl's
  • Victoria's Secret
  • Papa John's Pizza
  • Zappos

International list of shopsEdit

Bonus ProgramsEdit

While the best way to earn bitcoin is to mine it, buy it, or exchange goods and service, there are also plenty of way to aquire "free" bitcoins via bonus programs, such as:

magic4bitcoin

CoinURL cur.lv/c9g6d

What's going on with this pageEdit

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