

hence the term ‘decentralization’.īecause Bitcoin is decentralized and community-driven, many upgrades to Bitcoin come in the form of formal proposals called Bitcoin Improvement Proposals, or BIPs. It’s a financial system backed by thousands of computers, known as ‘nodes’, around the world, instead of a single central bank or government, i.e.

You can send money to anyone in the world with ease. Bitcoin transactions are fully transparent and can’t be censored. There is no physical BTC token so you can think of bitcoin as digital money. A satoshi is equivalent to 0.00000001 bitcoin. However, one does not have to buy an entire bitcoin as bitcoins can be divided into small units called satoshis, named after the creator. Bitcoin paved the way for many existing altcoins in the market and marked a pivotal moment for digital payment solutions.Īs the world’s first cryptocurrency, Bitcoin has come a long way in terms of its value. First introduced in 2009 by Satoshi Nakamoto, Bitcoin has held the crypto market’s number one spot according to market capitalization.
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Banned accounts can be reinstated one time on appeal.Īll moderator actions can be viewed in the /r/btc public mod logs and also here.Bitcoin is one of the most popular cryptocurrencies in the market. Such accounts which have a history consistent with that of a bot will be banned.
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If you are interested in having your own AMA, please message the mods and let us know. This subreddit was created to uphold and honor free speech and the spirit of Bitcoin learn more about us.

We welcome free and open Bitcoin-related discussion, Bitcoin news, and exclusive AMA (Ask Me Anything) interviews from top Bitcoin and cryptocurrency leaders. Read the original Bitcoin Whitepaper by Satoshi Nakamoto. As such, it is more resistant to wild inflation and corrupt banks. There is no government, company, or bank in charge of Bitcoin. Unlike traditional currencies such as dollars, bitcoins are issued and managed without the need for any central authority whatsoever. A distributed, worldwide, decentralized digital money. In this place you can learn what "Bitcoin" means and what it truly represents.īitcoin is the currency of the Internet. Over the years /r/btc became community of historians & torchbearers, preservers of Satoshi's Bitcoin for future generations. This happened long before the creation of Bitcoin Cash.
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When r/Bitcoin moderators began censoring content and banning users they disagreed with, r/btc became a community for free and open crypto discussion.
