There are several reasons why people dismiss Bitcoin. One of the first reasons is because they fall into the “I heard…” category. I heard that Bitcoin is used for illegal activities. I heard that Bitcoin is used for gambling and drugs. I heard that Bitcoin is dead. I...
There are 3 ways to get Bitcoin. Mine it (not very plausible for the average person anymore as it requires special hardware and lots of power.) Earn it (if you can provide value to people and require payment in bitcoin.) Buy it or exchange it for fiat currency (this...
All bitcoin wallet software must use a node to verify and broadcast transactions. When you first run a bitcoin wallet software, it uses a PUBLIC node to verify every transaction in your wallet. This is a privacy issue because now that public node has logs that your IP...
Running a bitcoin node isn’t directly profitable like mining, instead it keeps everyone on the same set of rules. Running a node is easy and can be done on as little as a raspberry pi, an old computer (laptop or desktop), and represents—freedom, security, and...
This is a trick question. Everyone who has bitcoin SHOULD run a bitcoin node. Do you have to? No. If you have a small amount of bitcoin, you may not want to run a node, but that means you are trusting someone else to tell you how much bitcoin you have. That’s...
