cudota
Member
- Location
- east lancashire
Can somebody explain how bitcoin works in a very ley man's terms and language
Max Keiser has suggested it on quite a few occasionsJust realised Scotlands could be the first country to adopt it as its currency.
You took your time thinking about that!I’d stick well clear
Didn’t look at the date...someone set the thread off againYou took your time thinking about that!
5 ½ years to reply!
Nah , someone else replied this morning but it's been deleted....??You took your time thinking about that!
5 ½ years to reply!
Massive amounts of money have been made by early investors. But past performance does not necessary reflect future performance.An old school friend mines this Bitcoin he seems to have one hell of a lifestyle. He tried to explain it to me over a dozen beers how it works, wish I could remember
It's very very difficult to explain.An old school friend mines this Bitcoin he seems to have one hell of a lifestyle. He tried to explain it to me over a dozen beers how it works, wish I could remember
An old school friend mines this Bitcoin he seems to have one hell of a lifestyle. He tried to explain it to me over a dozen beers how it works, wish I could remember
I don't really understand about how it is "mined" blockchain but the way I see it is like this;
Somebody made a piece of paper and cut it in half. They wrote their name on half and kept it and threw the other half back in the pot to see who cut cut that piece in half quickest. The process keeps repeating with a higher requirement of time and energy to cut the ever decreasing piece in half. There is a point at which it will cease to be possible and the 'value' derives from it being easier to buy a piece than cut a new 'half'.
The trouble is, the piece of paper was never actually worth anything in the first place.
OMG we're defo all gonna have to become vegans now.Apparently, the Co2 produced mining bitcoins is now equivalent to one million transatlantic flights per year.
Not enough diversification?Father in law is a project manager/consultant and was very excited about Bitcoin when it came about, reckoned there was big money to be made.
He’s currently bankrupt and facing eviction from his house.
‘nuff said about it