Adding Sesotho and venda

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Kgothatso Ngako
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# Welcome to Bitcoin, newcomers!
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### Here's your FAQ:
Q: Who should I trust?
A: **Nobody.**
Q: When should I sell?
A: **Never.**
Q: Is Bitcoin dying because ____?
A: **No.**
Q: What have I gotten myself into?
A: **Nobody knows.**
Q: How do I learn more?
A: **We have a [wealth of content here](/translations).** Or you can visit [lopp.net](https://www.lopp.net/bitcoin-information.html)

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# About Exonumia
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The study of currency.

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# I-Bitcoin Ifana ne
by Oleg Andreev [2017/12/10](https://oleganza.com/all/bitcoin-is-like/)
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**I-Bitcoin ifana nemali engokoqobo:** awukwazi ukuyibuyisela emuva futhi kufanele uyisebenzise kahle. Uma ulahlekelwa isikhwama sakho semali, ulahlekelwa imali yakho. Ungamnikeza omunye umuntu ama-bitcoin ukuba akugcinele wona, kodwa kuthi akufane nasebhange: kumele umethembe ukuthi ngeke abaleke nemali yakho.
**I-Bitcoin ayifani nemali engokoqobo:** ayilinganiselwe imali ongayonga futhi ngeke iphelelwe yindawo. Ungayithumela ngomshini kunoma ubani. Kunzima ukwenza engamanga. Awukwazi ukuyithumela ngomzuzwana nje: empeleni ukuqinisekisa ukuthi uyithumele kahle, kumele ulinde imizuzu ephakathi kuka-10 no-15 ngaphambi kokuba inethiwekhi ikunikeze ubufakazi.
**I-Bitcoin ifana negolide:** alikhiqizeki ngokuthanda kwakho, linesilinganiso futhi leso silinganiso sisabalele endaweni elitholakala kuyo ngaleso sikhathi. Ukuze ube nama-bitcoin kufanele kube nomuntu ozokunikeza wona, noma kufanele uzimbele wona wonke. Njengegolide i-Bitcoin iyakhazimula: iheha abantu ngobuhle bayo, inolimi lwayo olwakhelwe ngaphakathi, iyimali ekahle kakhulu nesethembiso sokukhululeka ekucindezelekeni.
**I-B­itcoin ayifani negolide:** i-Bitcoin itholakala ngezikhathi ezingashintshashintshi ngohlelo lokumba (alinganiselwe ama-bitcoin atholakala ngehora). Ungaqiniseka ngokuthi akekho umuntu ongavele azitholele ama-bitgold noma awambe ematsheni. Ngokungafani negolide, i-Bitcoin ifakwe kanzima ezimayini ukuze uhlelo lwayo lungashintshashintshi. Ungalimba lonke igolide ngosuku, kodwa kunzima ukwenza lokho nge-Bitcoin ngisho noma amakhompuyutha angachwephesha kangakanani. Ukukhula kwezimayini zayo kungalushintsha kancane uhlelo lwayo (inethiwekhi ishintsha kanzima ukuze ikwazi ukukhiqiza izigaxa eziyisithupha ngehora, kodwa uma inethiwekhi iqhubeka nokuthuthuka ingase ikhiqize izigaxa eziphakathi kuka-7 no-8 ngehora).
**I-Bitcoin ifana nebhange:** kukhona amakhompuyutha, amafayili alonde ukwaziswa nobufakazi bokungena nokuphuma kwemali. Amafayili alondiwe agcina wonke umlando wezimali ezingenile neziphumile: ubani othumele imali engakanani kubani. Konke kwenziwa ngekhompuyutha. Ayikho imigodi egcina amagolide noma amabhokisi omuntu siqu afaka kuwo imali, okukhona nje incwandi eyodwa enezimali ezingenile neziphumile.
**I-Bitcoin ayifani nebhange:** wonke umuntu angaqinisekisa ukuthi imininingwane yakhe elondiwe isencwadini yezimali efanayo naleyo enemininingwane yabanye. Akekho umphathi othuthukisa le ncwadi noma oqinisekisa ukuthi akekho umuntu oshintsha okuthile kuyo. Umuntu ngamunye angaba nama-akhawunti amaningi ngendlela athanda ngayo futhi wonke ama-akhawunti ngeke aziwe abanye abantu (ngaphandle uma umuntu ekhetha ukuwadalula kwabanye). Incwadi yezimali ayinawo amagama abantu, inezimali zabantu nje kuphela nezinombolo zama-akhawunti. Akunakwenzeka ukuthi kube “nemali esalayo” uma ibhange libolekisa ngemali eningi kakhulu kunokujwayelekile. Eqinisweni, azikho izikweletu ebhukwini lezimali le-bitcoin: kuba ukuthi nje unayo imali ekhelini lakho futhi ngeyakho yonke, noma awunayo futhi ngeke ukwazi ukuyisebenzisa. Okunye futhi, i-Bitcoin iyakuvumela ukuba ugcine imali “ngezinkontileka”: iziphico ezingamakhodi ziklanyelwe ukusabalalisa izinqumo ezenziwe abantu abanhlobonhlobo noma phakathi nesikhathi esithile.
**I-Bitcoin ifana nemali ye-Monopoly:** izinhlamvu zemali ziyizinhlamvu zamanga ezingasho lutho. Abantu bayazazisa ngoba bakhethe ukudlala lo mdlalo. Eqinisweni, kunjalo nangegolide nangenye imali.
**I-Bitcoin ayifani nemali ye-Monopoly:** izinhlamvu ze-bitcoin zilinganiselwe futhi akekho ongazenza zibe ezamanga. Lokhu kuzenza zibe yinto ongayiqoqa ebalulekile emhlabeni njengokuqoqa izinhlamvu zegolide nesiliva.
**I-Bitcoin ifana ne-Git:** ku-Git (uhlelo olusabalele lwesimiso sokulawula) zonke izinguquko ozenzayo zihlelwe zaba uchungechunge lwezinto ezivikelwe yiziphazamiso ezingamakhodi. Uma usethemba isiphazamiso sokugcina, uyithola yonke imininingwane edlule (nanoma ingxenye yayo) kunoma yimuphi umthombo futhi uqinisekise ukuthi yilokho okulindele. Ngokufanayo, ku-Bitcoin, zonke izimali ezingenayo neziphumayo zihlelwe zaba njengeketanga (*iketanga elivikelayo *) futhi uma like laphazanyiswa, akusho lutho ukuthi zigcinwe kuphi, ngaso sonke isikhathi ungakwethemba okukodwa eketangeni elivikelayo ngokuhlola iketanga leziphazamiso ezihlobene nesiphazamiso osethembayo. Ngokuvamile lokhu kuqinisekisa ukusabalalisa okuthile kokulonda nokukuhlola kalula.
**I-Bitcoin ayifani ne-Git:** ngendlela yokuthi wonke umuntu uzama ukusebenza egatsheni elilodwa. Ku-Git umuntu ngamunye angaba namagatsha amaningana awahlukanise futhi awahlanganise usuku lonke. Ku-Bitcoin ngeke ukwazi “ukuhlanganisa” amagatsha. Iketanga elivikelayo empeleni liyisihlahla somlando wezimali ezingenayo neziphumayo, kodwa ngaso sonke isikhathi kunegatsha elilodwa elikhulu (elibalulekile) namanye amagatsha amancane (elilodwa noma amabili) angabalulekile nhlobo. Ku-Git ukwaneliseka kubaluleke ukwedlula amagatsha, ku-Bitcoin ukuvumelana kubaluleke ukwedlula ukwaneliseka.
**I-Bitcoin ifana ne-Bittorrent:** inethiwekhi ayilawulwa endaweni eyodwa, ayikho indawo eyodwa “okuyiyonayona” noma “ibhange” elilodwa. Iketanga elivikelayo lifana nefayili eyodwa ku-bittorrent: liqinisekiswe ngamakhodi abhaliwe futhi lisatshalaliswe kumakhompuyutha amaningi. Wonke umuntu oyingxenye, kuhlanganise nabambayo bayefana. Uma ingxenye eyodwa yenethiwekhi iphazamiseka, izimali zingahamba ngezinye izingxenye. Ngisho noma kuthiwa inethiwekhi yonke iyaphazamiseka, imininingwane yezimali ezingenayo neziphumayo igcinwa ezinkulungwaneni eziningi zamakhompuyutha azimele futhi akukho mali yomuntu elahlekayo. Lapho abantu bephinda bexhumana, bangaqhubeka nokuthumelelana izimali njengokungathi akukho okwenzekile. I-Bitcoin ne-Bittorrent kungakwazi ukusinda empini yezikhali zenuzi ngoba ukwaziswa akuphazanyiswa amazomoya futhi kungatholaka ngaphandle kokuphazamiseka.
**I-Bitcoin ayifani ne-Bittorrent:** esikhundleni “samafayili” amaningi azimele, kunefayili eyodwa ekhulayo: iketanga elivikelayo. Ngaphezu kwalokho, abantu ababalulekile abayingxenye, abambayo bathola imivuzo wemali engokoqobo ngomsebenzi wabo.
**I-Bitcoin ifana nenkululeko yokukhuluma:** yonke imali engenayo nephumayo injengomyalezo omfushane womphakathi omenyezelwa noma kuphi nanoma ingayiphi indlela. Uma abanye abambayo bewuzwa, bawenezela eketangeni elivikelayo futhi lowo myalezo uzohlala ungumlando njalo. Wonke umuntu uzowubona futhi akekho oyokwazi ukuwusula.
**I-Bitcoin ayifani nenkululeko yokukhuluma:** ukusho okuthile kuza nezinkinga. Ukufaka nokukhipha imali kudlulisa izinhlamvu zemali okumele uqale ngazo. Ngakho akuwona wonke umuntu ovunyelwe ukumemeza, kodwa yilabo kuphela abanegunya lokuthola izinhlamvu zemali. Ngaphezu kwalokho, abambi bangayenqaba imali uma ingabazisa noma ingayinkulu. Ngakho akekho umuntu onikeza omunye inkululeko njengoba kunjalo “ngobhiya,” kodwa wonke umuntu uzama ukwenza ngendlela efanele ngokuzithandela.
**I-Bitcoin ifana nenkontileka yomphakathi:** injengesiko elivamile. Isebenza njengemali uma nje abantu beyibheka kanjalo futhi benesibindi sokuyibamba futhi behloniphi imithetho yayo. Ubuchwepheshe busiza kuphela ngokuba amapayipi amanzi kuleyo nkontileka.
**I-Bitcoin ayifani nenkontileka yomphakathi:** ayifani nenkontileka okufundiswa ngayo esikoleni. Ayishintshashintshi, futhi umuntu akaphoqwa yimithetho ethile. Empeleni iyimithetho engashintshashintshi wonke umuntu azikhethelayo ukuyisebenzisa kuye, ngaleyo ndlela ezivumela ngokuzithandela.
I-Bitcoin ifana nemali engumlingo we-inthanethi: ilula.

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# Explain Bitcoin Like Im Five
by Nik Custodio [2013/12/12](https://www.freecodecamp.org/news/explain-bitcoin-like-im-five-73b4257ac833/)
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### If you still cant figure out what the heck a bitcoin is…
Were sitting on a park bench. Its a great day.
I have one apple with me. I give it to you.
You now have one apple and I have zero.
That was simple, right?
### Lets look closely at what happened:
My apple was physically put into your hand.
You know it happened. I was there. You were there. You touched it.
We didnt need a third person there to help us make the transfer. We didnt need to pull in Uncle Tommy (whos a famous judge) to sit with us on the bench and confirm that the apple went from me to you.
The apples yours! I cant give you another apple because I dont have any left. I cant control it anymore. The apple left my possession completely. You have full control over that apple now. You can give it to your friend if you want, and then that friend can give it to his friend. And so on.
So thats what an in-person exchange looks like. I guess its really the same, whether Im giving you a banana, a book, or say a quarter, or a dollar bill….
But Im getting ahead of myself.
### Back to apples!
Now say, I have one digital apple. Here, Ill give you my digital apple.
Ah! Now it gets interesting.
How do you know that that digital apple that used to be mine, is now yours, and only yours? Think about it for a second.
Its more complicated, right? How do you know that I didnt send that apple to Uncle Tommy as an email attachment first? Or your friend Joe? Or my friend Lisa too?
Maybe I made a couple of copies of that digital apple on my computer. Maybe I put it up on the internet and one million people downloaded it.
As you see, this digital exchange is a bit of a problem. Sending digital apples doesnt look like sending physical apples.
Some brainy computer scientists actually have a name for this problem: its called the double-spending problem. But dont worry about it. All you need to know is that, its confused them for quite some time and theyve never solved it.
Until now.
But lets try to think of a solution on our own.
### Ledgers
Maybe these digital apples need to be tracked in a ledger. Its basically a book where you track all transactions — an accounting book.
This ledger, since its digital, needs to live in its own world and have someone in charge of it.
Say, just like World of Warcraft. Blizzard, the guys who created the online game, have a “digital ledger” of all the rare flaming fire swords that exist in their system. So, cool, someone like them could keep track of our digital apples. Awesome — we solved it!
### Problems
Theres a bit of a problem though:
1) What if some guy over at Blizzard created more? He could just add a couple of digital apples to his balance whenever he wants!
2) Its not exactly like when we were on the bench that one day. It was just you and me then. Going through Blizzard is like pulling in Uncle Tommy(a third-party) out of court(did I mention hes a famous judge?) for all our park bench transactions. How can I just hand over my digital apple to you, like, you know— the usual way?
> Is there any way to closely replicate our park bench, just you-and-me, transaction digitally? Seems kinda tough…
### The Solution
What if we gave this ledger — to everybody? Instead of the ledger living on a Blizzard computer, itll live in everybodys computers. All the transactions that have ever happened, from all time, in digital apples will be recorded in it.
You cant cheat it. I cant send you digital apples I dont have, because then it wouldnt sync up with everybody in the system. Itd be a tough system to beat. Especially if it got really big.
Plus its not controlled by one person, so I know theres no one that can just decide to give himself more digital apples. The rules of the system were already defined at the beginning. And the code and rules are open-source. Its there for the smart people to contribute to, maintain, secure, improve on, and check on.
You could participate in this network too and update the ledger and make sure it all checks out. For the trouble, you could get like 25 digital apples as a reward. In fact, thats the only way to create more digital apples in the system.
### I simplified quite a bit
… but that system I explained exists. Its called the Bitcoin protocol. And those digital apples are the *“bitcoins”* within the system. Fancy!
So, did you see what happened? What does the public ledger enable?
1) Its open source remember? The total number of apples was defined in the public ledger at the beginning. I know the exact amount that exists. Within the system, I know they are limited(scarce).
2) When I make an exchange I now know that digital apple certifiably left my possession and is now completely yours. I used to not be able to say that about digital things. It will be updated and verified by the public ledger.
3) Because its a public ledger, I didnt need Uncle Tommy(third-party) to make sure I didnt cheat, or make extra copies for myself, or send apples twice, or thrice…
Within the system, the exchange of a digital apple is now just like the exchange of a physical one. Its now as good as seeing a physical apple leave my hand and drop into your pocket. And just like on the park bench, the exchange involved two people only. You and me — we didnt need Uncle Tommy there to make it valid.
In other words, it behaves like a physical object.
But you know whats cool? Its still digital. We can now deal with 1,000 apples, or 1 million apples, or even .0000001 apples. I can send it with a click of a button, and I can still drop it in your digital pocket if I was in Nicaragua and you were all the way in New York.
I can even make other digital things ride on top of these digital apples! Its digital after-all. Maybe I can attach some text on it — a digital note. Or maybe I can attach more important things; like say a contract, or a stock certificate, or an ID card…
So this is great! How should we treat or value these “digital apples”? Theyre quite useful arent they?
Well, a lot of people are arguing over it now. Theres debate between this and that economic school. Between politicians. Between programmers. Dont listen to all of them though. Some people are smart. Some are misinformed. Some say the system is worth a lot, some say its actually worth zero. Some guy actually put a hard number: $1,300 per apple. Some say its digital gold, some a currency. Other say theyre just like tulips. Some people say itll change the world, some say its just a fad.
I have my own opinion about it.
Thats a story for another time though. But kid, you now know more about Bitcoin than most.
#### Recommend Reading (Updated 2017)
[“You Dont Understand Bitcoin Because You Think Money is Real”](https://medium.com/@mariabustillos/you-dont-understand-bitcoin-because-you-think-money-is-real-5aef45b8e952?source=linkShare-2d6f142ff3cc-1512362100) by [Maria Bustillos](https://www.freecodecamp.org/news/explain-bitcoin-like-im-five-73b4257ac833/undefined) is a good follow-up read.
You can also read more about [Ethereum and Smart Contracts here](https://medium.freecodecamp.org/smart-contracts-for-dummies-a1ba1e0b9575?source=linkShare-2d6f142ff3cc-1512086124). Enjoy!

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# I AM HODLING
by GameKyuubi [2013/12/18](https://bitcointalk.org/index.php?topic=375643.0)
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I type d that tyitle twice because I knew it was wrong the first time. Still wrong. w/e. GF's out at a lesbian bar, BTC crashing WHY AM I HOLDING? I'LL TELL YOU WHY. It's because I'm a bad trader and I KNOW I'M A BAD TRADER. Yeah you good traders can spot the highs and the lows pit pat piffy wing wong wang just like that and make a millino bucks sure no problem bro. Likewise the weak hands are like OH NO IT'S GOING DOWN I'M GONNA SELL he he he and then they're like OH GOD MY ASSHOLE when the SMART traders who KNOW WHAT THE FUCK THEY'RE DOING buy back in but you know what? I'm not part of that group. When the traders buy back in I'm already part of the market capital so GUESS WHO YOU'RE CHEATING day traders NOT ME~! Those taunt threads saying "OHH YOU SHOULD HAVE SOLD" YEAH NO SHIT. NO SHIT I SHOULD HAVE SOLD. I SHOULD HAVE SOLD MOMENTS BEFORE EVERY SELL AND BOUGHT MOMENTS BEFORE EVERY BUY BUT YOU KNOW WHAT NOT EVERYBODY IS AS COOL AS YOU. You only sell in a bear market if you are a good day trader or an illusioned noob. The people inbetween hold. In a zero-sum game such as this, traders can only take your money if you sell.

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# Exonumia Translations
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- [Welcome to Bitcoin](/)
- [Explain Bitcoin Like I'm Five](/explain-bitcoin-like-im-five)
- [Bitcoin Is Like](/bitcoin-is-like)
- [I AM HODLING](/i-am-hodling)