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[–] SpaceMonkey 0 points 44 points (+44|-0) ago 

I don't think most people know or are willing to know how to use bitcoin. Maybe there should be a brief simple explanation on the site on how to donate via bitcoin.

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[–] sgtkeel 0 points 23 points (+23|-0) ago  (edited ago)

While I'm online for work most of the day, and I try to keep track of many things, but bitcoin has slipped through the cracks for me. If I had an ELI5 with some good visuals or references, I'd definitely give it a shot. Even if the only thing I use it for is to donate to voat.

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[–] Amarok 0 points 6 points (+6|-0) ago 

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[–] Spank_My_Bottom 0 points 2 points (+2|-0) ago 

[–] [deleted] 0 points 2 points (+2|-0) ago  (edited ago)

[Deleted]

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[–] DungeonMaster 0 points 1 points (+1|-0) ago 

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[–] De1WvO3Ndc8jTldFhaA6 1 points 13 points (+14|-1) ago  (edited ago)

It's very simple, IF you believe in want to advocate for free speech, you HAVE TO look into Bitcoin, you owe it to yourself. If you are not prepared to overcome the small hurdle of learning about a new technology, than I don't want to hear any complaints about censorship or paypal freezing accounts.

Bitcoin works, Bitcoin cannot be censored. Learn about it, use it.

[–] [deleted] 0 points 1 points (+1|-0) ago 

[Deleted]

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[–] Teh_Sauce_Guy 0 points 0 points (+0|-0) ago 

I have tried several times to learn how it works. I simply can't.

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[–] Vinegar 0 points 7 points (+7|-0) ago 

Bitcoin can be pretty intimidating at first, but it's actually fairly simple once you've gotten your feet wet.

The first step to using Bitcoin is to set up a wallet on your PC or smartphone. This link contains a small compilation of several excellent wallets, although my personal recommendation for a beginner would be either electrum or multi-bit. Another viable option is to store your Bitcoin in an online wallet such as Coinbase or Circle.

The second step of the process is actually obtaining the Bitcoins to fill your wallet. This link provides a variety of ways to buy Bitcoins, but since you're starting from scratch you are, in my opinion, best off getting your feet wet by using either Coinbase or Circle. You will need to register for these services using your real information and link a US checking account in order to conduct money transfers. It's important to remember at this step that you're not buying a product or service, you're exchanging currencies and therefore the process is a little less welcoming than simply hopping on Amazon. For a beginner I wouldn't recommend starting out with more than $50 worth of Bitcoin as that will be plenty for you to play around with and get your feet wet, but isn't going to break the bank in the unlikely scenario that you somehow lose your Bitcoins. Once you've either bought Bitcoins directly from Coinbase, or Circle, or used an actual exchange or some other means to acquire Bitcoins they will be deposited into your Bitcoin wallet.

And finally we have the easiest, and most fun step. Spending Bitcoins! It's as simple as entering an address, just like a postal address, or email address, in this case 1C4Q1RvUb3bzk4aaLVgGccnSnaHYFdESzY is the Bitcoin address for Voat. All you need to do is double check the number of Bitcoin you'd like to donate is correct, and quadruple check that the address is correct, click send, and the transaction will be finished.

Once you've played around with a small quantity of Bitcoin you should do some more extensive research into the benefits and disadvantages of different wallets, exchanges, and other Bitcoin Services. Research some of the disasters that have already occurred during Bitcoin's short history such as Mt.Gox and make sure you have a strong understanding of how to protect your coins. Have fun, be careful, get in early! ;)

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[–] binky 0 points 1 points (+1|-0) ago 

What scares me about bitcoin is that I suck at keeping dynamic data. I have backups of stuff from years ago but I'm always dropping my laptop, unplugging a hard drive, or having PANDA ANTIVIRUS BREAK MY ENCRYPTED HARD DRIVE WITH A WORKING. 80. MOD. SKYRIM. CONFIGURATION.

Sorry. As I was saying, I suck at keeping dynamic data. I do not want to bet a large sum of money that I'll always have a particular file that changes all the time. And I've never had an internet connection fast enough to do a backup in a reasonable amount of time.

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[–] DungeonMaster 0 points 5 points (+5|-0) ago 

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[–] raisin 0 points 0 points (+0|-0) ago 

Never used Bitcoin before but this sounds interesting. Sorry if that's a dumb question, but would it work with Canadian banks/Canadian dollars, or is it strictly US?