Welcome to my guide for fucking bitcoin, lets get right into it
Wallets:
Now you might want to use an online wallet at first but offline wallets are really good as well. You can get one on bitcoin.org. Read below to see how they are different
Picture:
Confirmations:
Zach talked about this in his guide but what are confirmations really? Confirmations equals the amount of times your transaction has been mined. Miners "confirm" transactions by mining them to verify they are REAL transactions. When you transact, the transaction gets broadcasted to be mined. Miners get the transaction fee by mining your transaction. Each block takes around 10 minutes. Confirmations are made so miners can profit after every bitcoin is mined and to secure transactions
Scamming with Bitcoin:
People keep saying they use bitcoin because Bitcoin doesn't have chargebacks. It actually does and thats why there are confirmations. This happens when the scammer sends the same piece of coin to itself before its well confirmed or confirmed at all. The scammer usually sends to an alias address thus making the transaction invalid. You should wait at least 1 confirmation for $10+ transactions(This can only be done with an offline wallet like the whole core. Online wallets have an almost 0 percent chance of doing this)
Transactions:
When you send bitcoin, you don't break up the bitcoin but you can send it to seprate wallets to break it. If you have 5 bitcoin in your wallet and 3 chunks, 2 bitcoin, 1.4 bitcoin and 1.6 bitcoin and you send 1.92 Bitcoin to someone, your wallet picks the best piece(2 bitcoin) then it sends 1.92 to the address and 0.08 back to yourself. Other then transacting, you cannot break apart bitcoin. If you wanted to send 3.2 Bitcoin, it would send 2 Bitcoin and 1.4 Bitcoin. 0.2 goes back to you and the other 3.2 gets sent.
Gambling:
There are many bitcoin casinos. The best on is bustabit. You'll most likely lose. Tulip is at -92k bits(Almost 0.1 bitcoin). I'm at 50 bits(Not a lot, I have over 1 bitcoin gross profit though) and the fucking king avsterbone has 0.6 BTC. Be careful with betting
Wallets:
Now you might want to use an online wallet at first but offline wallets are really good as well. You can get one on bitcoin.org. Read below to see how they are different
Picture:
Confirmations:
Zach talked about this in his guide but what are confirmations really? Confirmations equals the amount of times your transaction has been mined. Miners "confirm" transactions by mining them to verify they are REAL transactions. When you transact, the transaction gets broadcasted to be mined. Miners get the transaction fee by mining your transaction. Each block takes around 10 minutes. Confirmations are made so miners can profit after every bitcoin is mined and to secure transactions
Scamming with Bitcoin:
People keep saying they use bitcoin because Bitcoin doesn't have chargebacks. It actually does and thats why there are confirmations. This happens when the scammer sends the same piece of coin to itself before its well confirmed or confirmed at all. The scammer usually sends to an alias address thus making the transaction invalid. You should wait at least 1 confirmation for $10+ transactions(This can only be done with an offline wallet like the whole core. Online wallets have an almost 0 percent chance of doing this)
Transactions:
When you send bitcoin, you don't break up the bitcoin but you can send it to seprate wallets to break it. If you have 5 bitcoin in your wallet and 3 chunks, 2 bitcoin, 1.4 bitcoin and 1.6 bitcoin and you send 1.92 Bitcoin to someone, your wallet picks the best piece(2 bitcoin) then it sends 1.92 to the address and 0.08 back to yourself. Other then transacting, you cannot break apart bitcoin. If you wanted to send 3.2 Bitcoin, it would send 2 Bitcoin and 1.4 Bitcoin. 0.2 goes back to you and the other 3.2 gets sent.
Gambling:
There are many bitcoin casinos. The best on is bustabit. You'll most likely lose. Tulip is at -92k bits(Almost 0.1 bitcoin). I'm at 50 bits(Not a lot, I have over 1 bitcoin gross profit though) and the fucking king avsterbone has 0.6 BTC. Be careful with betting
