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4 Bitcoin-Newbies: What I have learned about BTC in 4 months

Hi guys,
I was introduced to Bitcoins last September. I didn't know anything about that and I started studying more about that.
I also found this forum and learned A LOT from you guys, so, to thank you all and to give back, I thought about doing a small summary of what I have learned so maybe new guys can find this helpful.
I will post a lot of links from outside and to my own posts, so people with the same doubts that I had can look for the answers that I got there and maybe that may answer their question too.
I learned: In September 2012, the very first thing I learned was from this video (like many of us) : and this website:
My friend introduced me to my first wallet and my first pool: and
I still didn't know what I was doing.
This amazing post resolve 99% of your doubts:
At the end September I found out that mining as we know it (or as I just knew) was about to end thanks to the ASIC machines. I didn't know what mining was and less idea of what ASIC was. So I started reading about that and I find many companies like Butterfly Labs, Avalon and BTCFPGA (
I learned how awesome this forum is, willing to help a new guy like me
I was still learning how to mine, so I asked in this forum about that ( and they told me about pools, mining and I ended upgrading my graphic card (you can compare the speed of mining here: and you can calculate how many bitcoins here:
I found out all the pools out there (
In October I was looking for rigs to mine ( because I found this video:
Then I didn't understand why pay fees when mining, but this forum was even greater than what I thought
So once I learned about mining, I download GUIminer and I started mining in 3 pools at the same time (
After 40 days I mined my first bitcoin YAY! now, I wanted to know what I can do with that and I found places to buy with bitcoins like
I wanted to control my mining from my cellphone and I found Bitcare very useful (, and also Bitcoin Wallet to have a new wallet in your phone (
I wanted to buy more bitcoins, didn't know where. Dwolla and Mt.Gox were there for me. I found out that Dwolla is a pain in the ass. I had to wait 3 weeks to verify me and 3-5 days every time to make a deposit. But besides that, it works...althought I found this today:
People who likes bitcoins don't usually likes PayPal
I also found places where they give bitcoins away...for free! and
I was new and happy until I found what a block is and how it dropped from 50BTC to 25BTC and
You can know when the new block will happen:
More companies started to use bitcoins like WordPress ( You can even buy a house with btc!
Cool sites that I still don't understand like: or
The biggest wallet so far had more than 613,000 BTC and its own site (
You can watch how bitcoins are going higher or lower in sites like here: and
That a guru of Gold and Silver, is accepting Bitcoins in his web:
They have more names than just bitcoins... Sub-units of a bitcoin such asmillibitcoins ("Millies") or microbitcoins ("Mikes"). The Bitcoin protocol uses a base unit of one hundred-millionth of a Bitcoin ("a Satoshi")
What 2013 has in store for bitcoins:
Some companies are afraid of bitcoins like apple and why:
You can help others by crowd founding with btcs:
You can bet anything: or
And also short cut your wallet:
Hitler sells alls bitcoins:
That if the bitcoin drops to $4 (it was my dream )... 82% of the people would buy all the btc they could
Casinos will make money....ALWAYS, any currency, any country:
There is wikipedia about bitcoins ( and there is a wikipedia only of bitcoins: (
Blogs keep growing to understand better about bitcoins:
I learned the hard way that if you have several wallets in your Bitcoin Wallet in your phone, it can crash and lose money. Be careful.
You can have multiples wallets in your computer thanks to:
I thought a fork was for eating, but there are more
There is no flaws in bitcoins:
Also, if you sign your account of the forum with your wallet, your nickname would be attached to it, always:
You must create a SECURE wallet:
And that's it so far. I'm still learning but I can see how much I have learned in just 4 months. I got my wallets secured, with many bitcoins and waiting for an asic.
I hope this post can help anybody.
Thank you guys!
All the best.
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Subreddit Stats: top posts from 2013-05-31 to 2013-06-29 21:28 PDT

Period: 29.39 days
Submissions % Comments %
Total 998 32520
Rate (per day) 33.96 1019.55
Unique Redditors 651 5187
Upvotes 90338 81% 151343 76%
Downvotes 21103 19% 46789 24%

Top Submitters' Top Submissions

  1. 2588 pts, 2 submissions: evoorhees
    1. NSA Whistleblower reveals himself. Mentions Tor, EFF. This is a hero. (1407 pts, 176 comments)
    2. LOL New Bitcoin Billboard in San Jose - Honey Badger! (1181 pts, 196 comments)
  2. 1902 pts, 43 submissions: IWillNotBiteYourDog
    1. Thank You, Bitcoin Community | Electronic Frontier Foundation (246 pts, 32 comments)
    2. Prepaid Card Can Be Funded by Bitcoins (203 pts, 40 comments)
    3. Bitcoin finds its way into Cambridge [UK] pubs (99 pts, 10 comments)
    4. Bitcoin's a Revolution, Not a Convenience (77 pts, 11 comments)
    5. Is Bitcoin the future of currency? (76 pts, 13 comments)
    6. How Bitcoin Lets You Spy on Careless Companies (72 pts, 55 comments)
    7. The Reserve Bank of India red flags 'virtual currency' (61 pts, 17 comments)
    8. Why didn’t Bitcoin users freak out in May? (58 pts, 36 comments)
  3. 1349 pts, 12 submissions: bitfan2013
    1. Western Union now prohibits sending money to the USA from Argentina. Bitcoin may be the only way out. (273 pts, 64 comments)
    2. A new site shows how to break off from Prism - Recommends Bitcoin! (220 pts, 54 comments)
    3. California now proving why Satoshi Nakomoto was a genius on so many level (158 pts, 92 comments)
    4. More reasons not to use your Bitcoin Wallet on Windows; Microsoft Waits to Fix Your Software Bugs So the NSA Can Use Them First (155 pts, 54 comments)
    5. NSA Whistleblower Edward Snowden:" The extent of their capabilities is horrifying. We can plant bugs in machines. Once you go on the network, I can identify your machine. You will never be safe whatever protections you put in place." Is my Bitcoins not secure if my machine is bugged to begin with? (145 pts, 53 comments)
    6. Avalon claims to have started mass shipping via E-mail; Provide Pics (143 pts, 56 comments)
    7. 06/11 Bloomberg [Video]; Wow for the first time Bitcoin actually got good coverage instead of the usual crash, drugs, illegal talk that we saw earlier. Is the tide turning in our favor? (135 pts, 38 comments)
    8. BBC News - Swiss bill to ease bank secrecy rebuffed - Finally some backbone to stand up to the U.S Government. Maybe we should all open accounts to trade Bitcoins in Switzerland! (37 pts, 18 comments)
  4. 1270 pts, 14 submissions: waspoza
    1. Bottoms Up For Bitcoin - The virtual currency popular with libertarians is now being accepted by a chain of U.K. pubs. (326 pts, 29 comments)
    2. The Time For A Stateless Global Reserve Currency Is Fast Approaching (239 pts, 225 comments)
    3. 5-star Waikiki hotel, 10% discount if renter pays in bitcoin (164 pts, 23 comments)
    4. The 51% Attack - What Bitcoin Can Learn From Alt-coin Experiments - The Genesis Block (99 pts, 43 comments)
    5. China’s romance with Bitcoin continues (87 pts, 36 comments)
    6. Bitcoin Wallet Keeps Hackers Out (68 pts, 29 comments)
    7. How Bitcoin Can Bring Down The United States Of America (50 pts, 93 comments)
    8. Bitcoin Companies Attract Frenzy Of Venture Funding (46 pts, 0 comments)
  5. 1263 pts, 4 submissions: vbuterin
    1. Bitcoin: "Nigerian Prince" scams no longer make any sense (1176 pts, 122 comments)
    2. Bitcoin Is Not Losing its Soul: Or, Why the Regulation Hysteria Is Missing The Point (46 pts, 5 comments)
    3. Five Reasons You Should Not Use the Internet (27 pts, 18 comments)
    4. Bitcoin At Porcfest, Part 0: Exploring Boston And New Hampshire (14 pts, 0 comments)

Top Commenters

  1. bitfan2013 (944 pts, 126 comments)
  2. 17chk4u (728 pts, 139 comments)
  3. Miner_Willy (617 pts, 105 comments)
  4. Natanael_L (581 pts, 234 comments)
  5. pardax (571 pts, 156 comments)
  6. TheSelfGoverned (538 pts, 184 comments)
  7. fuZZe (518 pts, 70 comments)
  8. throwaway-o (474 pts, 147 comments)
  9. bitcointip (463 pts, 194 comments)
  10. Anenome5 (461 pts, 165 comments)

Top Submissions

  1. NSA Whistleblower reveals himself. Mentions Tor, EFF. This is a hero. by evoorhees (1407 pts, 176 comments)
  2. LOL New Bitcoin Billboard in San Jose - Honey Badger! by evoorhees (1181 pts, 196 comments)
  3. Bitcoin: "Nigerian Prince" scams no longer make any sense by vbuterin (1176 pts, 122 comments)
  4. Bank of America blocked the transfer to the new WikiLeaks Party of a $25,000 prize awarded to Assange by the Japanese musician, artist and philanthropist Yoko Ono by gasull (905 pts, 72 comments)
  5. Bitcoin Foundation gets Cease an desist order for being a money transmitting business ... by Timbo925 (880 pts, 452 comments)

Top Comments

  1. 336 pts: jgarzik's comment in Bitcoin Foundation gets Cease an desist order for being a money transmitting business ...
  2. 278 pts: mpkomara's comment in Bitpay upgraded: the bitcoin guy got hairs now!
  3. 222 pts: lewicki's comment in AMD Rep says the bitcoin mining market is too small for AMD to make mining specific products.
  4. 212 pts: thinkcomp's comment in Bitcoin Foundation gets Cease an desist order for being a money transmitting business ...
  5. 197 pts: GernDown's comment in LOL New Bitcoin Billboard in San Jose - Honey Badger!
Generated with BBoe's Subreddit Stats SRS Marker: 1372566488.0
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Does Bitcoin Exist

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