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Old 11-21-2014, 06:05 PM   #1 (permalink)
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Default What is Bitcoin?

Hi,

Who can explain how bitcoin works in simple language?
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Old 11-21-2014, 06:36 PM   #2 (permalink)
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Default re: What is Bitcoin?

The wiki for Cryptocurrency gives a pretty decent definition:
Cryptocurrency - Wikipedia, the free encyclopedia
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Old 11-22-2014, 10:17 AM   #3 (permalink)
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Default re: What is Bitcoin?

yeh it gives the explanation but how does it work? do you or any one else has used It before?
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Old 11-23-2014, 11:28 AM   #4 (permalink)
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Default Re: What is Bitcoin?

When I first heard of Bitcoins, they were going for $1. and then they went up to $300. and I think they went back down. I suppose it can be very risky using bitcoins but more and more retailers are accepting bitcoins as currency
Newegg.com - BITCOIN ACCEPTED
you can mine for your own bitcoins but it ain't cheap getting set up and paying the electrical costs to mine bitcoins
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Old 11-23-2014, 12:33 PM   #5 (permalink)
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Default Re: What is Bitcoin?

They went down and now they're back up to around $360 USD.

https://blockchain.info/charts/market-price

Really wish I would have bought some when they were only $1 USD per BTC.

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Old 11-27-2014, 05:09 PM   #6 (permalink)
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Default Re: What is Bitcoin?

hey guys I know its irrelevant but I just started learning language R.

I need to understand that does that mean
5+5
[1] 10
> # this is a comment
> x<-5; y=10
> x <-y<-15
> x^2

How can I set the value of x?
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Old 11-27-2014, 08:30 PM   #7 (permalink)
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Default Re: What is Bitcoin?

Is that your homework?
you won't get much help if you want someone to do it for you, but you might get someone to explain it to you
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Old 11-28-2014, 11:52 AM   #8 (permalink)
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Default Re: What is Bitcoin?

Quote:
Originally Posted by sameer84 View Post
hey guys I know its irrelevant but I just started learning language R.

I need to understand that does that mean
5+5
[1] 10
> # this is a comment
> x<-5; y=10
> x <-y<-15
> x^2

How can I set the value of x?
Please direct further programming questions to our programming board:
Programming - Tech & Computer Forums

To answer your question:
The R language, for programmers | John D. Cook

"<-" is the assignment operator. So you would have
x <- 5
to assign a value of 5 to x.
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Old 01-11-2018, 04:40 AM   #9 (permalink)
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Default Re: What is Bitcoin?

Simple definition - Bitcoin is a one of digital currency, created and held electronically. No one controls it or handles it. Bitcoins are not physically, like dollars or euros or other – they’re produced by human and web economic experts.
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