Here is my referral link if you want to join: https://bitconnect.co/?ref=rjummie 1. What is Bitcoin? Bitcoin is a completely digital money and paymentsystem in a network online. It is the first decentralized peer-to-peer payment network that is powered by its users with no central authority. Bitcoin is pretty much like cash for the Internet. 2. What is a blockchain? Blockchain uses math and cryptography and provides an open and decentralised database of every transaction involving value. It creates an authentic record that can be verified by the entire community on the internet. Blockchains store information across the network of personal computers. 3. What is decentralized? Bitcoin was the first decentralized cryptocurrency, this is simply said that no central company or person run it. It is been run by everyone with a pc. so everyone can use it and help run it, there is not just 1 person that can corrupt the system or break it down. 4. What is bitcoin scarcity? Bitcoins are really scarce, owning bitcoins will become rare. There just not that many bitcoins in circulation 5. How are new bitcoins created? Bitcoins are created by mining, people get rewarded for their services by the network. 6. What is a block halving? Blockhalving is that the bitcoins reward gets cut in half every couple of years 7. What is a confirmation? Receiving notification of a payment is almost instant with Bitcoin. However, there is a delay before the network begins to confirm your transaction by including it in a block. A confirmation means that there is a consensus on the network that the bitcoins you received haven't been sent to anyone else and are considered your property. 8. What is a transaction ID? Once you've sent a bitcoin payment to an external bitcoin address, that transfer's details (amount sent, sending/receiving bitcoin address, as well as the date of transfer) can be found on the blockchain. This information is then publicly available, and given its own transaction ID 9. What is a block explorer? See note!! Bitcoin Block Explorer is an online block chain browser which displays the contents of individual Bitcoin blocks and transactions and the transaction histories and balances of addresses. A high yield investment program (HYIP) is a type of Ponzi scheme, an investment scam that promises unsustainably high return on investment by paying previous investors with the money invested by new investors. HYIP website offering an "investment program" which promises very high returns, such as 1% per day (3778% APY when returns are compounded every day), disclosing little or no detail about the underlying management, location, or other aspects of how money is to be invested. The fraud artists … seek to mislead investors by suggesting that well regarded and financia ... https://www.youtube.com/watch?v=wHFLF_vxoSs

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