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Former good articleBitcoin was one of the Engineering and technology good articles, but it has been removed from the list. There are suggestions below for improving the article to meet the good article criteria. Once these issues have been addressed, the article can be renominated. Editors may also seek a reassessment of the decision if they believe there was a mistake.
On this day... Article milestones
DateProcessResult
July 14, 2010Articles for deletionDeleted
August 11, 2010Deletion reviewEndorsed
October 3, 2010Deletion reviewEndorsed
December 14, 2010Deletion reviewOverturned
January 26, 2015Good article nomineeNot listed
April 4, 2015Good article nomineeListed
July 26, 2015Good article reassessmentDelisted
On this day... Facts from this article were featured on Wikipedia's Main Page in the "On this day..." column on January 3, 2019, and January 3, 2024.
Current status: Delisted good article


Extended-confirmed-protected edit request on 5 November 2024

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Change: "In the blockchain, bitcoins are linked to specific addresses that are hashes of a public key."

to: "In the blockchain, bitcoins are linked to specific addresses that are hashes of a public key or redeem script."

This is because in general, bitcoin addresses are not only hashes of a public key. Tannmauser (talk) 11:54, 5 November 2024 (UTC)[reply]

Hi, can you please provide a reliable source to back this change? a455bcd9 (Antoine) (talk) 14:15, 5 November 2024 (UTC)[reply]
https://learnmeabitcoin.com/technical/keys/address
https://river.com/learn/terms/r/redeem-script Tannmauser (talk) 09:38, 7 November 2024 (UTC)[reply]
These are not considered reliable sources per Wikipedia's standards unfortunately. Please provide an academic paper, a book, or an article from a mainstream media. a455bcd9 (Antoine) (talk) 10:13, 7 November 2024 (UTC)[reply]
Mastering Bitcoin (Chapter 7)
https://www.google.co.uk/books/edition/Mastering_Bitcoin/IXmrBQAAQBAJ?hl=en&gbpv=0 Tannmauser (talk) 10:49, 7 November 2024 (UTC)[reply]
Also:
S. Bistarelli, I. Mercanti and F. Santini, "An Analysis of Non-standard Bitcoin Transactions," 2018 Crypto Valley Conference on Blockchain Technology (CVCBT), Zug, Switzerland, 2018, pp. 93-96, doi: 10.1109/CVCBT.2018.00016.
https://ieeexplore.ieee.org/document/8525397 Tannmauser (talk) 10:43, 11 November 2024 (UTC)[reply]
Since the concept of a 'redeem script' is not explained in the article (or even mentioned), introducing it to this article based on such flimsy sources would make the article even more messy and confusing than it already is. Our goal is not to pile-on technical jargon, it is to provide context to readers. Grayfell (talk) 20:48, 22 November 2024 (UTC)[reply]
Are these considered reliable? @A455bcd9 Tannmauser (talk) 13:48, 29 November 2024 (UTC)[reply]
Hi @Tannmauser, yes these are reliable sources. But we should first define what a "redeem script" is. It might be too detailed for this general article. You might want to look at expanding Bitcoin protocol instead as that article delves more into technical details. a455bcd9 (Antoine) (talk) 17:05, 29 November 2024 (UTC)[reply]
As a more simple solution I would therefore suggest removing "that are hashes of a public key" - as this incorrect. Tannmauser (talk) 14:26, 6 December 2024 (UTC)[reply]
 Not done: please provide reliable sources that support the change you want to be made. Bowler the Carmine | talk 18:11, 5 November 2024 (UTC)[reply]
I have edited this section accordingly, citing chapter 7 of Mastering Bitcoin. JivanP (talk) 23:01, 27 January 2025 (UTC)[reply]

first paragraph is bad

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is is too technical, starting from the second sentence. it basically is completely unintelligible if you do not already know abut crypto Finnigami (talk) 05:37, 1 December 2024 (UTC)[reply]

The first paragraph cites a source (8) where the speaker said they struggled to understand bitcoin. How is that an authoritative source? 186.121.195.9 (talk) 00:59, 28 December 2024 (UTC)[reply]

"Unknown person"

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Schoolboy error. Should read "Based on a free-market ideology, bitcoin was invented in 2008 by Satoshi Nakamoto, an unknown person or persons unknown." Covtom (talk) 13:43, 15 December 2024 (UTC)[reply]

Fixed. JivanP (talk) 23:06, 27 January 2025 (UTC)[reply]

Second Paragraph. So, um, what is Bitcoin again?

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I'm not a crypto bro and have little interest in cryptocurrencies apart from in passing - like most people I would suspect. So, I came here to get a grasp, but I have no idea what this paragraph is saying - or trying to. This might be useful for someone with a knowledge of cryptocurrencies but trust me, for someone of any intelligence it's incomprehensible gobbledygook. And I say this with all respect to the authors

"Nodes in the peer-to-peer bitcoin network verify transactions through cryptography and record them in a public distributed ledger, called a blockchain, without central oversight. Consensus between nodes is achieved using a computationally intensive process based on proof of work, called mining, that secures the Bitcoin blockchain. Mining consumes large quantities of electricity and has been criticized for its environmental impact." PythagorasDyscalculia (talk) 21:44, 30 December 2024 (UTC)[reply]

You're right, and you're not the first person to comment on this issue. If anything, you're being too generous. The first paragraph is no gem of clarity, either, and the rest of the article follows. The article is bogged-down with misused buzzwords and jargon. Attempts to fix this have met with tedious resistance.
Obviously the article should explain the technical details of how this works, but there are much better ways to do this. The technical details should provide context for what it does and why it exists, which isn't ever really satisfactorily explained despite the article's length. This would be a much more useful approach for disinterested readers.
Any explanation which avoids providing this context is going to end up confusing and frustrating to readers. Grayfell (talk) 22:01, 30 December 2024 (UTC)[reply]
The paragraphs however do a good job of wikilink to the relevant articles that users can navigate to. Of course many of those topics are novel, but as long as we wikilink to them we are ok. We are not going to be able to explain everything in the first paragraphs. Jtbobwaysf (talk) 19:30, 17 January 2025 (UTC)[reply]
I have made an attempt to simplify the language and add some detail, whilst still trying to keep it succinct. The article does already have relevant sections that go into more detail on the mentioned concepts, such as the Mining section. Do note that it's not entirely reasonable for readers of Wikipedia to expect simplified explanations of things in the lead section of popular articles, or indeed in general — this is still an encyclopedia. In general, we do have the Simple English version of Wikipedia for that; please see simple:Bitcoin. JivanP (talk) 00:02, 28 January 2025 (UTC)[reply]

Extended-confirmed-protected edit request on 31 January 2025

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I would like to append an addition in the "Units and divisibility" section to include "Bits" or, secondarily and lesser-named, "µBTC". The text should be placed after millibitcoin and before sat (satoshi) because of the already present pattern of descending value. The Bit is becoming increasingly used as a denomination of Bitcoin in small-medium transactions and it is unfortunately absent on the Wikipedia page for Bitcoin. An "official" source can be found on Bitcoin.org here [1] and the excerpt reads:

"Bit is a common unit used to designate a sub-unit of a bitcoin - 1,000,000 bits is equal to 1 bitcoin (BTC). This unit is usually more convenient for pricing tips, goods and services."

Bits are already a unit in Bitcoin-Core and other wallets, mining software/websites, and exchanges.

EDIT: Clarification and typo.

Rhysb2102 (talk) 13:07, 31 January 2025 (UTC)[reply]

 Not done:
Which reliable source says this is "increasingly used"? Bitcoin.org being 'official' is a distraction. The sources for "millibitcoin" and "satoshi" in the body of the article are reliable and independent. Please also review Bitcoin#Use for payments. Per that section, "prices are not usually quoted in bitcoin and trades involve conversions into fiat currencies." Adding yet another unit to the infobox would be adding bloat without adding clarity. Grayfell (talk) 23:08, 31 January 2025 (UTC)[reply]

The redirect BTCUSD=X has been listed at redirects for discussion to determine whether its use and function meets the redirect guidelines. Readers of this page are welcome to comment on this redirect at Wikipedia:Redirects for discussion/Log/2025 January 31 § BTCUSD=X until a consensus is reached. Jay 💬 22:45, 31 January 2025 (UTC)[reply]