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Fix a few typos and double spaces
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1 changed files with 11 additions and 11 deletions
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@ -114,7 +114,7 @@ en:
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walletbitcoinqt: "Bitcoin-Qt is the original Bitcoin client and it builds the backbone of the network. It offers the highest levels of security, privacy, and stability. However, it has fewer features and it takes a lot of space and memory."
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walletmultibit: "MultiBit is a lightweight client that focuses on being fast and easy to use. It synchronizes with the network and is ready to use in minutes. MultiBit also supports many languages. It is a good choice for non-technical users."
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walletarmory: "Armory is an advanced Bitcoin client that runs on top of Bitcoin-Qt. Expanding its features for Bitcoin power users. It offers many backup and encryption features, and it allows secure cold-storage on offline computers."
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walletelectrum: "Electrum's focus is speed and simplicity, with low resource usage. It uses remote servers that handle the most complicated parts of the Bitcoin system, and it allows you to recover your wallet from a secret phrase."
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walletelectrum: "Electrum's focus is speed and simplicity, with low resource usage. It uses remote servers that handle the most complicated parts of the Bitcoin system, and it allows you to recover your wallet from a secret phrase."
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walletbitcoinwallet: "Bitcoin Wallet is easy to use and reliable, while also being secure and fast. Its vision is de-centralization and zero trust: No central service is needed for Bitcoin-related operations. The app is available for Android and BlackBerry OS."
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walletblockchaininfomob: "Blockchain.info is an hybrid web wallet for mobiles. It is also available for iPhone in a restricted mode to fit Apple policies. It includes many blockchain.info features like web wallet backup."
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walletblockchaininfo: "Blockchain.info is a user-friendly hybrid wallet. It stores an encrypted version of your wallet online but decryption happens in your browser. For security reasons, you should always use the browser extension and email backups."
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@ -175,7 +175,7 @@ en:
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pagetitle: "Frequently Asked Questions"
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summary: "Find answers to recurring questions and myths about Bitcoin."
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table: "Table of contents"
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general: "General"
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general: "General"
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whatisbitcoin: "What is Bitcoin?"
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whatisbitcointxt1: "Bitcoin is a consensus network and an open-source software platform that enables a new payment system and a completely digital money. It is the first decentralized peer-to-peer payment network that is powered by its users with no central authority or middlemen. From a user perspective, Bitcoin is pretty much like cash for the Internet. Bitcoin can also be seen as the most prominent <a href=\"http://financialcryptography.com/mt/archives/001325.html\">triple entry bookkeeping system</a> in existence."
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creator: "Who created Bitcoin?"
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@ -193,17 +193,17 @@ en:
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acquireli2: "Purchase bitcoins at a <a href=\"http://howtobuybitcoins.info\">Bitcoin exchange</a>."
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acquireli3: "Exchange bitcoins with <a href=\"https://localbitcoins.com/\">someone near you</a>."
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acquireli4: "Earn bitcoins through competitive <a href=\"http://www.bitcoinmining.com/\">mining</a>."
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acquiretxt1: "While it is possible to find individuals who wish to sell bitcoins in exchange for a credit card or PayPal payment, most exchanges do not allow funding via these payment methods. This is due to repeated cases where someone pays for bitcoins with PayPal, and then successfully reverses the transaction. This is commonly referred to as a chargeback."
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acquiretxt1: "While it is possible to find individuals who wish to sell bitcoins in exchange for a credit card or PayPal payment, most exchanges do not allow funding via these payment methods. This is due to repeated cases where someone pays for bitcoins with PayPal, and then successfully reverses the transaction. This is commonly referred to as a chargeback."
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makepayment: "How difficult is it to make a Bitcoin payment?"
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makepaymenttxt1: "Bitcoin payments are easier to make than debit or credit card purchases, and can be received without a merchant account. Payments are made from a wallet application, either on your computer or smartphone, by entering the recipient's address, the payment amount, and pressing send. To make it easier to enter a recipient's address, many wallets can obtain the address by scanning a QR code or touching two phones together with NFC technology. Of course, a simple copy/paste works too and many wallets also have an address book where the address can be saved."
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advantages: "What are the advantages of Bitcoin?"
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advantagesli1: "<em><b>Payment freedom</b></em> - It is possible to send and receive any amount of money instantly anywhere in the world at any time. No bank holidays. No borders. No imposed limits. Bitcoin allows its users to be in full control of their money."
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advantagesli2: "<em><b>Very low fees</b></em> - Bitcoin payments are currently processed with either no fees or extremely small fees. Users may include fees with transactions to receive priority processing, which results in faster confirmation of transactions by the network. Additionally, merchant processors exist to assist merchants in processing transactions, converting bitcoins to fiat currency and depositing funds directly into merchants' bank accounts daily. As these services are based on Bitcoin, they can be offered for much lower fees and than with PayPal or credit card networks."
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advantagesli2: "<em><b>Very low fees</b></em> - Bitcoin payments are currently processed with either no fees or extremely small fees. Users may include fees with transactions to receive priority processing, which results in faster confirmation of transactions by the network. Additionally, merchant processors exist to assist merchants in processing transactions, converting bitcoins to fiat currency and depositing funds directly into merchants' bank accounts daily. As these services are based on Bitcoin, they can be offered for much lower fees than with PayPal or credit card networks."
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advantagesli3: "<em><b>Fewer risks for merchants</b></em> - Bitcoin transactions are secure, irreversible, and do not contain customers’ sensitive or personal information. This protects merchants from losses caused by fraud or fraudulent chargebacks, and there is no need for PCI compliance. Merchants can easily expand to new markets where either credit cards are not available or fraud rates are unacceptably high. The net results are lower fees, larger markets, and fewer administrative costs."
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advantagesli4: "<em><b>Security and control</b></em> - Bitcoin users are in full control of their transactions; it is impossible for merchants to force unwanted or unnoticed charges as can happen with other payment methods. Bitcoin payments can be made without personal information tied to the transaction. This offers strong protection against identity theft. Bitcoin users can also protect their money with backup and encryption."
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advantagesli5: "<em><b>Transparent and neutral</b></em> - <a href=\"http://blockchain.info\">All information</a> concerning the Bitcoin money supply is readily available on the block chain for anybody to verify and use in real-time. No individual or organization can control or manipulate the Bitcoin protocol because it is cryptographically secure. This allows the core of Bitcoin to be trusted for being completely neutral, transparent and predictable."
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disadvantages: "What are the disadvantages of Bitcoin?"
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disadvantagesli1: "<em><b>Degree of acceptance</b></em> - Many people are still unaware of Bitcoin. Every day, more businesses accept bitcoins because they want the advantages of doing so, but the list remains small and still needs to grow in order to benefit from <a href=\"http://en.wikipedia.org/wiki/Network_effect\">network effects.</a>"
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disadvantagesli1: "<em><b>Degree of acceptance</b></em> - Many people are still unaware of Bitcoin. Every day, more businesses accept bitcoins because they want the advantages of doing so, but the list remains small and still needs to grow in order to benefit from <a href=\"http://en.wikipedia.org/wiki/Network_effect\">network effects.</a>"
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disadvantagesli2: "<em><b>Volatility</b></em> - The <a href=\"https://blockchain.info/charts/market-cap\">total value</a> of bitcoins in circulation and the number of businesses using Bitcoin are still very small compared to what they could be. Therefore, relatively small movements in the market can significantly affect the price. In theory, this volatility will decrease as Bitcoin markets and the technology matures. Never before has the world seen a start-up currency, so it is truly difficult (and exciting) to imagine how it will play out."
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disadvantagesli3: "<em><b>Ongoing development</b></em> - Bitcoin software are still in beta with many incomplete features in active development. New tools, features, and services are being developed to make Bitcoin more secure and accessible to the masses. Some of these are still not ready for everyone. Most Bitcoin businesses are new and still offer no insurance. In general, Bitcoin is still in the process of maturing."
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trust: "Why do people trust Bitcoin?"
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islegaltxt2: "Regulators from various jurisdictions are taking steps to provide individuals and businesses with rules on how to integrate this new technology with the formal, regulated financial system. For example, the Financial Crimes Enforcement Network (FinCEN), a bureau in the United States Treasury Department, issued non-binding guidance on how it characterizes certain activities involving virtual currencies."
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illegalactivities: "Is Bitcoin useful for illegal activities?"
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illegalactivitiestxt1: "Bitcoin is money, and money has always been used both for legal and illegal purposes. Cash, credit cards and current banking systems widely surpass Bitcoin in terms of their use to finance crime. Bitcoin can bring significant innovation in payment systems and the benefits of such innovation are considered to be far beyond their potential drawbacks."
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illegalactivitiestxt2: "Bitcoin is designed to be a huge step forward in making money more secure and could also act as significant protection against many forms of financial crime. For instance, bitcoins are completely impossible to counterfeit. Users are in full control of their payments and cannot receive unwanted charges like those used in credit card frauds. Bitcoin transactions are irreversible and immune to fraudulent chargebacks. Bitcoin allows money to be secured against theft and loss using very strong and useful mechanisms such as backups, encryption and multiple signatures."
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illegalactivitiestxt2: "Bitcoin is designed to be a huge step forward in making money more secure and could also act as significant protection against many forms of financial crime. For instance, bitcoins are completely impossible to counterfeit. Users are in full control of their payments and cannot receive unwanted charges like those used in credit card frauds. Bitcoin transactions are irreversible and immune to fraudulent chargebacks. Bitcoin allows money to be secured against theft and loss using very strong and useful mechanisms such as backups, encryption, and multiple signatures."
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illegalactivitiestxt3: "Some concerns have been raised that Bitcoin could be more attractive to criminals because it can be used to make private and irreversible payments. However, these features already exist with cash and wire transfer, which are widely used and well-established. The use of Bitcoin will undoubtedly be subjected to similar regulations that are already in place inside existing financial systems, and Bitcoin is not likely to prevent criminal investigations from being conducted. In general, it is common for important breakthroughs to be perceived as being controversial before their benefits are well understood. The Internet is a good example among many others to illustrate this."
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regulated: "Can Bitcoin be regulated?"
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regulatedtxt1: "The Bitcoin protocol itself cannot be modified against the will of its users as long as most of them remain free to choose what software they use. Attempting to assign special rights to a local authority in the rules of the global Bitcoin network is likely doomed not to succeed. Any rich organization could choose to invest in mining hardware to control half of the computing power of the network and become able to block or reverse recent transactions. However, there is no guarantee that they could retain this power since this requires to invest as much than all other miners in the world."
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bitcoinscreatedtxt2: "The Bitcoin protocol is designed in such a way that new bitcoins are created at a fixed rate. This makes Bitcoin mining a very competitive business. When more miners join the network, it becomes increasingly difficult to make a profit and miners must seek efficiency to cut their operating costs. No central authority or developer has any power to control or manipulate the system to increase their profits. Every Bitcoin node in the world will reject anything that does not comply with the rules it expects the system to follow."
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bitcoinscreatedtxt3: "Bitcoins are created at a decreasing and predictable rate. The number of new bitcoins created each year is automatically halved over time until bitcoin issuance halts completely with a total of 21 million bitcoins in existence. At this point, Bitcoin miners will probably be supported exclusively by numerous small transaction fees."
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whyvalue: "Why do bitcoins have value?"
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whyvaluetxt1: "Bitcoins have value because they are useful as a form of money. Bitcoin has the characteristics of money (durability, portability, fungibility, scarcity, divisibility, and recognizability) based on the properties of mathematics rather than relying on physical properties (like gold and silver) or trust in central authorities (like fiat currencies). In short, Bitcoin is backed by mathematics. With these attributes, all that is required for a form of money to hold value is trust and adoption. In the case of Bitcoin, this can be measured by its growing base of users, merchants and startups. As with all currency, bitcoin's value comes only and directly from people willing to accept them as payment."
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whatprice: "What determines Bitcoin’s price?"
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whyvaluetxt1: "Bitcoins have value because they are useful as a form of money. Bitcoin has the characteristics of money (durability, portability, fungibility, scarcity, divisibility, and recognizability) based on the properties of mathematics rather than relying on physical properties (like gold and silver) or trust in central authorities (like fiat currencies). In short, Bitcoin is backed by mathematics. With these attributes, all that is required for a form of money to hold value is trust and adoption. In the case of Bitcoin, this can be measured by its growing base of users, merchants, and startups. As with all currency, bitcoin's value comes only and directly from people willing to accept them as payment."
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whatprice: "What determines bitcoin’s price?"
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whatpricetxt1: "The price of a bitcoin is determined by supply and demand. When demand for bitcoins increases, the price increases, and when demand falls, the price falls. There is only a limited number of bitcoins in circulation and new bitcoins are created at a predictable and decreasing rate, which means that demand must follow this level of inflation to keep the price stable. Because Bitcoin is still a relatively small market compared to what it could be, it doesn't take significant amounts of money to move the market price up or down, and thus the price of a bitcoin is still very volatile."
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whatpriceimg1: "Bitcoin price, 2011 to 2013:"
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worthless: "Can bitcoins become worthless?"
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deflationaryspiraltxt2: "Although this theory is a popular way to justify inflation amongst central bankers, it does not appear to always hold true and is considered controversial amongst economists. Consumer electronics is one example of a market where prices constantly fall but which is not in depression. Similarly, the value of bitcoins has risen over time and yet the size of the Bitcoin economy has also grown dramatically along with it. Because both the value of the currency and the size of its economy started at zero in 2009, Bitcoin is a counterexample to the theory showing that it must sometimes be wrong."
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deflationaryspiraltxt3: "Notwithstanding this, Bitcoin is not designed to be a deflationary currency. It is more accurate to say Bitcoin is intended to inflate in its early years, and become stable in its later years. The only time the quantity of bitcoins in circulation will drop is if people carelessly lose their wallets by failing to make backups. With a stable monetary base and a stable economy, the value of the currency should remain the same."
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speculationvolatility: "Isn't speculation and volatility a problem for Bitcoin?"
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speculationvolatilitytxt1: "This is a chicken and egg situation. For Bitcoin price to stabilize, a large scale economy needs to develop with more businesses and users. For a large scale economy to develop, businesses and users will seek for price stability."
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speculationvolatilitytxt1: "This is a chicken and egg situation. For bitcoin's price to stabilize, a large scale economy needs to develop with more businesses and users. For a large scale economy to develop, businesses and users will seek for price stability."
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speculationvolatilitytxt2: "Fortunately, volatility does not affect the main benefits of Bitcoin as a payment system to transfer money from point A to point B. It is possible for businesses to convert bitcoin payments to their local currency instantly, allowing them to profit from the advantages of Bitcoin without being subjected to price fluctuations. Since Bitcoin offers many useful and unique features and properties, many users choose to use Bitcoin. With such solutions and incentives, it is possible that Bitcoin will mature and develop to a degree where price volatility will become limited."
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buyall: "What if someone bought up all the existing bitcoins?"
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buyalltxt1: "Only a fraction of bitcoins issued to date are found on the exchange markets for sale. Bitcoin markets are competitive, meaning the price of a bitcoin will rise or fall depending on supply and demand. Additionally, new bitcoins will continue to be issued for decades to come. Therefore even the most determined buyer could not buy all the bitcoins in existence. This situation isn't to suggest, however, that the markets aren't vulnerable to price manipulation; it doesn't take significant amounts of money to move the market price up or down, and thus Bitcoin remains a volatile asset."
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feetxt1: "Most transactions can be processed without fees, but users are encouraged to pay a small voluntary fee for faster confirmation of their transactions and to remunerate miners. When fees are required, they generally don't exceed a few pennies in value. Your Bitcoin client will usually try to estimate an appropriate fee when required."
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feetxt2: "Transaction fees are used as a protection against users sending transactions to overload the network. The precise manner in which fees work is still being developed and will change over time. Because the fee is not related to the amount of bitcoins being sent, it may seem extremely low (0.0005 BTC for a 1,000 BTC transfer) or unfairly high (0.004 BTC for a 0.02 BTC payment). The fee is defined by attributes such as data in transaction and transaction recurrence. For example, if you are receiving a large number of tiny amounts, then fees for sending will be higher. Such payments are comparable to paying a restaurant bill using only pennies. Spending small fractions of your bitcoins rapidly may also require a fee. If your activity follows the pattern of conventional transactions, the fees should remain very low."
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poweredoff: "What if I receive a bitcoin when my computer is powered off?"
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poweredofftxt1: "This works fine. The bitcoins will appear next time you start your wallet application. Bitcoins are not actually received by the software on your computer, they are appended to a public ledger that is shared between all the devices on the network. If you are sent coins when your wallet client program is not running and you later launch it, it will download blocks and catch up with any transactions it did not already know about, and the coins will eventually appear as if they were just received in realtime. Your wallet is only needed when you wish to spend coins."
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poweredofftxt1: "This works fine. The bitcoins will appear next time you start your wallet application. Bitcoins are not actually received by the software on your computer, they are appended to a public ledger that is shared between all the devices on the network. If you are sent coins when your wallet client program is not running and you later launch it, it will download blocks and catch up with any transactions it did not already know about, and the coins will eventually appear as if they were just received in real time. Your wallet is only needed when you wish to spend coins."
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sync: "What does \"synchronizing\" mean and why does it take so long?"
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synctxt1: "Long synchronization time is only required with full node clients like Bitcoin-Qt. Technically speaking, synchronizing is the process of downloading and verifying all previous Bitcoin transactions on the network. For a Bitcoin client to calculate the spendable balance of your Bitcoin addresses and make new transactions, it needs to be aware of all previous transactions. This step can be resource intensive and requires sufficient bandwidth and storage to accommodate the <a href=\"http://blockchain.info/charts/blocks-size\">full size of the block chain</a>. For Bitcoin to remain secure, enough people should keep using full node clients because they perform the task of validating and relaying transactions."
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mining: "Mining"
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p2p: "P2P"
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p2ptxt: "Peer-to-peer refers to <b>systems that work like an organized collective</b> by allowing each individual to interact directly with the others. In the case of Bitcoin, the network is built in such a way that each user is broadcasting the transactions of other users. And, crucially, no bank is required as a third party."
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privatekey: "Private Key"
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privatekeytxt: "A private key is a <b>secret piece of data that proves your right to spend bitcoins from a specific Bitcoin address</b> through a cryptographic <a href=\"#[vocabulary.signature]\">signature</a>. Each <a href=\"#[vocabulary.address]\">Bitcoin address</a> has its own unique private key. Your private keys are stored in your computer if you use a software wallet; they are stored on some remote servers if you use a web wallet. Private keys must never be revealed as they allow you to spend bitcoins for their respective Bitcoin addresses."
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privatekeytxt: "A private key is a <b>secret piece of data that proves your right to spend bitcoins from a specific Bitcoin address</b> through a cryptographic <a href=\"#[vocabulary.signature]\">signature</a>. Each <a href=\"#[vocabulary.address]\">Bitcoin address</a> has its own unique private key. Your private keys are stored in your computer if you use a software wallet; they are stored on some remote servers if you use a web wallet. Private keys must never be revealed as they allow you to spend bitcoins for their respective Bitcoin addresses."
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signature: "Signature"
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signaturetxt: "A <a href=\"#[vocabulary.cryptography]\">cryptographic</a> signature is <b>a mathematical mechanism that allows someone to prove ownership</b>. In the case of Bitcoin, a <a href=\"#[vocabulary.address]\">Bitcoin address</a> and its <a href=\"#[vocabulary.privatekey]\">private key</a> are linked by some mathematical magic. When your Bitcoin software signs a transaction with the appropriate private key, the whole network can see that the signature matches the Bitcoin address. However, there is no way for the world to guess your private key to steal your hard-earned bitcoins."
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wallet: "Wallet"
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