How to Download & Verify the Bitcoin Core Wallet

The Crypto Dad shows you how download and verify the Bitcoin Core wallet.
Important software used is:
Bitcoin Home page:

Software verification is done with:
GnuPG
Specifically the Windows version:

MD5 & SHA Checksum Utility

Donate Bitcoin:
1JBxwXG8P6PYKKsrHKzQduM8s8RoV3dnjr

What is Bitcoin?
Bitcoin is a new technology that functions as a digital currency. It is a peer-based, decentralized way to hold, store, send, and receive value. It does this by maintaining a cryptographic “ledger” called the Blockchain. All of the bitcoins in existence are created and stored on the Blockchain.
Bitcoin with a capital “B” refers to the technology itself. Bitcoin spelled with a little “b” refers to the tokens that hold the value and can be exchanged with others.
Multiple copies of the Blockchain exist on thousands if not millions of computers worldwide. Each copy of the Blockchain “verifies” itself by connecting to the Internet and making sure it has the most up-to-date list of transactions. The Blockchain maintains its integrity by using strong, modern, encryption techniques. This makes it impossible for anyone to alter the ledger, create fake transaction or “double-spend” their bitcoins.
Bitcoins do not require banks or third-party financial services to act as central clearing houses for electronic transfers. In essence, Bitcoin technology “cuts out the middleman”. Bitcoin is a decentralized, peer-to-peer monetary system that exists outside of the traditional, centralized, fiat-currency based financial system.
Is Bitcoin money?
Good question! The short answer is yes! But the long answer requires that we talk a little about what “money” is or what it should be.
Money is basically an idea. It is a system that we can all agree upon which allows us to exchange value, so we do not have to carry around cows or chickens with us to trade for the things we need.
An ideal money or “currency” should have the following properties:
Portable
Fungible (interchangeability)
Dividable
Durable
Cognizable (easily identified)
Stable
Does Bitcoin fit the bill?
Well it’s certainly portable. It is all digital. It weighs nothing (unlike gold which can be heavy and bulky in large amounts. For that matter, traditional paper currencies can also become heavy and bulky in large amounts!). It can be sent across the room or around the world with the same ease and comfort. You can carry it on a piece of paper, a laptop, or even your smart phone.
It is Fungible. Every bitcoin is like every other bitcoin (unlike shells, beads, and traditional precious metal coins which can be “shaved” or diluted in purity)
It is dividable. It is actually one of the most dividable currencies ever conceived! It is possible to spend small fractions of bitcoins and no need exists to make change. When was the last time you were able to spend 1/8 of a penny?
Bitcoin is durable. It is protected by strong encryption and the Blockchain exists in thousands if not millions of locations simultaneously. You would literally have to delete the blockchain from every computer and smart phone in the world to destroy a bitcoin.
Bitcoin is cognizable or easily recognized. It’s based on math. No one can dispute a number or deny that 1 + 1 =2. People are just beginning to understand what Bitcoin is. There is a bit of a learning curve. But once you are familiar with it, you will know it when you see it.
Is Bitcoin stable? Well the current value of a bitcoin has been quite volatile lately in relation to other traditional currencies. But the Bitcoin plan calls for the creation of only 21 million bitcoins. In this way, Bitcoin will try to avoid the pitfalls of modern fiat currencies such as inflation, deflation, market manipulation, monetary policy, quantitative easing, and other central manipulations that effect the day-to-day value of the money we use.

[cboots]

This is the second video on this channel that has been extremely helpful. Thank you Rex!

[shadesofgrade]

this video is amazing i watched about 10 times in a trance

[hungryhippo]

As a complete beginner to bitcoin I understand that the Bitcoin Core wallet from Bitcoin.org could potentially be compromised. But how do I know that these software verification tools are not tampered for ill intent?

[TommyTMOD]

Correct me if I am wrong: So since I dont know Wladimir J. personally, and I am unable to do this circle of trust (you said "lets say we did that"), does that mean that this whole verification process is useless ?

[Вова]

Thanks Rex! Any chance you'd know how to verify Bitcoin Core installation on Linux PC?

[machnbirdsparo]

O Awesome - awesome 0. I'm old but new to programming. Always liked cryptography but how could I justify money-time exploring. Finally saw Bitcoin for what it is and committed. Much help. super quality TY!

[shadesofgrade]

Crypto Dad how did you make your back drop?

[marcusearoffiction]

Nice video rex. I just have a question is it possible to duplicate a file of bitcoins incase. From bitcoin core to bitcoin core? Sorry im new here. Thanks

[cheesevampire]

1:30 i went to bitcoin.orgy and my download was very explicit, what am i doing wrong?

[AwadheshKumar-hvem]

Where I can find wallet verification code for receiving funds?

[somphothbsiratsamy]

So as long as I backup my blocks, Im ok till full setup, right? USB saved

[mycentsu]

Thanks for your tips! I hear all the time that you are not supposed to store your cryptos with Coinbase but in your hardwallet. I have installed BitcoinCore and it is working fine. Since the fork I now have both BitCoins and BitCoin Cash. The burning question is "How do I get them transferred from Coinbase to my harddrive ?"

[nancylane]

when tried to install, said it may compromise firewall, why would you want this wallet, seems dangerous to me

[rtgpdotxyz]

Thanks for this, works perfect like u said! ;)

[georgeunknown]

How to find out not public address of my wallet? And is it importantly to know this address, if you use always public addresses for transactions? I thought after installing Bitcoin Core I get an instant wallet's address ...

[kelvinakpe]

Hello sir. You video was quite clear and educational. I loved it... Question: I run a bitcoin-wallet-providing website that uses the Block.io API to generate public keys for clients, but I need to know if bitcoin core could be a replacement for Block.io, and how to go about it?

[rhondagear]

Can't get it to install after fatal internal error

[neetu]

Ok, i'm getting the error too, but i'm guessing it is because i installed gpg to default location (C:\ drive) and my keys are on the other drive. I have no clue how to get it working tho.

[ravanabrahmarakshas]

hello. this is a question. i was using a TREZOR hardware wallet. I found a hole in its security, so, i downloaded this (bitcoin core wallet). it is supposed to download the whole ten years of blocks. it is taking forever. it did the first 9 years, but for the last year, it keeps extending time telling me three weeks left to synch. this is SH... if something goes wrong with this CR... first i lose all the coins i mined and sent to its address... and ... if i want to stick with it, another MONTH to download the block. this is NONSENSE. which kind of programmers are these CORE PROGRAMMERS? they are supposed to be very clever. if this nonsense is the result of their cleverness, then i start doubting about their cleverness. so... question... any other WALLET that is secure, and does not need to download the whole ten years of blocks? thanks.

[dr.nunzio_improta]

Please how to verify with PGP software. Thank you