General Discussion

moose65

(3,327 posts)

29. I get that

Wed Dec 25, 2024, 07:42 PM

Wednesday

I’m a fairly intelligent person. I have a master’s degree in mathematics, but I just don’t “get” bitcoin at all. I can’t really wrap my head around what it actually IS. Any time I’ve tried to read about it, all I get is all this stuff about “blockchains” that makes absolutely no sense.

Where did it come from? How do you “mine” it? What’s it good for? Beats me!

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Blaukraut Lulu KC Alephy mahina

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I was just thinking. Do you (like me) think that BITCOIN [View all] bluestarone Wednesday OP

In addition... 2naSalit Wednesday #1

No Lulu KC Wednesday #2

Well, if nothing else it's the best money laundering bluestarone Wednesday #3

They wrote after Trump's 2020 defeat, not after is recent win. I'd like to know what they think now. nt pnwmom Wednesday #27

Here's something Lulu KC Wednesday #37

The original goal, IIRC, was to bypass the banking system. usonian Wednesday #4

crypto currency, of any stripe, is such a farce Trailrider1951 Wednesday #5

Agree! bluestarone Wednesday #7

It's mostly a younger people thing & they are making money womanofthehills Wednesday #14

I agree. Maybe THAT was also part of these assholes plans? bluestarone Wednesday #15

I have a friend (44) who is heavily into it. CanonRay Wednesday #22

I'd rather go to Vegas if I want to take that kind of chance with my money. brush 18 hrs ago #54

I'm not a fan of Bitcoin but Disaffected Wednesday #16

It's in here Lulu KC Wednesday #38

Where is it? Disaffected Yesterday #40

The article talks about how much power is used to "harvest" bitcoin Lulu KC Yesterday #41

All internet related monetary transactions, including blockchains, obviously need electricity Disaffected Yesterday #46

Got it Lulu KC Yesterday #47

True, but a quantum compute break of blockchain security... getagrip_already 19 hrs ago #52

That's not true all confoosed 19 hrs ago #50

BITCOIN One World Government monetary system. Emile Wednesday #6

I was with one of my husbands maga nephews last night and he is big into bitcoin kimbutgar Wednesday #8

Today its just another example of "the greater fool" theory. Callie1979 Wednesday #9

I get that moose65 Wednesday #29

This is comforting Lulu KC Yesterday #42

There's nothing backing it. It's a form of gambling. Joinfortmill Wednesday #31

The only thing backing bitcoins are the US dollars and Euro dollars that people are trading for bitcoins FakeNoose Wednesday #39

Easily stolen or lost. Then there is it's based on stock market. Blue Full Moon Yesterday #45

If they ever bring back "Pet Rocks" I've already oasis Wednesday #10

Amazing how todays Americans became so how should i say bluestarone Wednesday #12

One side of any deal using Bitcoin for a transaction is a fool. Callie1979 Wednesday #11

It seems to me to be anciano Wednesday #13

I would have guessed that the original purpose was tax evasion. EarnestPutz Wednesday #17

I tried to put a bitcoin in the parking meter the other day. defacto7 Wednesday #18

lol! bluestarone Wednesday #20

I do think it's a scam, yeah Jilly_in_VA Wednesday #19

Here's a decent Trump/Bitcoin/US Treasury piece- Snarkoleptic Wednesday #21

It is a way to circumvent banking laws Trenzalore Wednesday #23

A few years ago, enigmania Wednesday #24

Stay away from Bitcoin! Aussie105 Wednesday #25

Saw an ad on TV this afternoon BOSSHOG Wednesday #26

Harder to track income ....taxes underpants Wednesday #28

Crypto is the "You knew damn well I was a snake..." dchill Wednesday #30

I always get "the internet is a series of tubes" vibes awesomerwb1 Wednesday #32

I would no sooner buy Bitcoin or any other crypto currency... A HERETIC I AM Wednesday #33

No JCMach1 Wednesday #34

YES! Jrsygrl96 Wednesday #35

Seems to me to be a notinkansas Wednesday #36

Some people already do think he's the "chosen one" Lulu KC Yesterday #43

For all the supposed activity in crypto DFW Yesterday #44

If someone gives you a bitcoin... Alephy 19 hrs ago #53

No Deep State Witch 22 hrs ago #48

Econ professor described gold as this... Xolodno 19 hrs ago #49

Crypto is for Criming - by Paul Krugman FalloutShelter 19 hrs ago #51