Jump to content
An Old School Catholic Message Board

What Is Bitcoin?


brandelynmarie

Recommended Posts

brandelynmarie

watch this to know about bitcoin




:welcome: Cansu & thank you for the video. Makes you wonder what they will do once the 21,000,000 bitcoins are mined...
Link to comment
Share on other sites

Could someone please explain this in layman's terms for me? When I think of bitcoin I think of Super Mario Bros. or maybe another video game where virtual coins are only used for virtual goods.

 

reason.com just did an article on this. they have great articles. :)

 

here it is: http://reason.com/archives/2013/11/19/bitcoin-more-than-money

Edited by Lil Red
Link to comment
Share on other sites

Unless you're a hit man, an dealer, or a prostitute, i don't get the point of using bitcoins right meow.

 

The deep web can be valuable to people like journalists who need to communicate secretly.

Link to comment
Share on other sites

The deep web can be valuable to people like journalists who need to communicate secretly.

It also provides alternatives for people who live under oppressive or dangerous conditions.

Link to comment
Share on other sites

brandelynmarie

I rather enjoy clusty as a deep web search engine. Tis most excellent for researching lost articles on religious orders :nunpray:

Link to comment
Share on other sites

  • 2 weeks later...

Unless you're a hit man, an dealer, or a prostitute, i don't get the point of using bitcoins right meow.

 

Also, investment. Support of strong crypto and open software. Freedom. But you know, people also only own guns so they can murder their relatives, neighbors, and local schoolchildren when they least expect it.

Link to comment
Share on other sites

All I hear about is bitcoin right now...know a guy that bought 20,000 worth when it was worth like 200...Now its a 1000....He thinks in 20 years he will be rich from it...

Link to comment
Share on other sites

brandelynmarie

Curiouser & curiouser.....I get it, but not really....what would happen if more & more groups of pholks flooded the market with their own "money"?

Link to comment
Share on other sites

Curiouser & curiouser.....I get it, but not really....what would happen if more & more groups of pholks flooded the market with their own "money"?

If they caught on, then overall the value of Bitcoin would probably fall, but it is not a zero-sum game. And deflation is not necessarily awful.

Link to comment
Share on other sites

so when ppl say you can't make money mining bitcoins, it's because you're paying for the electricity?

 

so if you're in some kind of university dormitory and don't pay for electricity... could you make at least some money with an average computer (like a laptop) seeing as you're not paying for the electricity?  or would an ordinary computer not be enough to generate anything worthwhile?

Link to comment
Share on other sites

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now
×
×
  • Create New...