Skip to comments.
Bitcoin explained in layman's terms
NDTV Profit ^
| 12/27/2013
| Raghu Kumar
Posted on 01/04/2014 8:13:57 PM PST by SeekAndFind
click here to read article
Navigation: use the links below to view more comments.
first 1-20, 21-37 next last
To: SeekAndFind
Did Algore come up with this?
2
posted on
01/04/2014 8:18:54 PM PST
by
FlingWingFlyer
(The Truth Is Out There. Just don't let anyone know that you're looking for it.)
To: SeekAndFind
Meh. Its a mistake to waste real money on this sham.
3
posted on
01/04/2014 8:21:33 PM PST
by
Wyrd bið ful aræd
(Gone Galt, 11/07/12----No king but Christ! Don't tread on me!)
To: SeekAndFind; RichInOC; Prince of Space; JoeFromSidney; TNMountainMan; alphadog; infool7; ...
4
posted on
01/04/2014 8:22:43 PM PST
by
narses
(... unless you eat the flesh of the Son of Man and drink his blood, you do not have life within you.)
To: Wyrd bið ful aræd
5
posted on
01/04/2014 8:23:15 PM PST
by
narses
(... unless you eat the flesh of the Son of Man and drink his blood, you do not have life within you.)
To: FlingWingFlyer
I read something recently that indicated that this was Edison’s (as in Thomas Alva) idea.
6
posted on
01/04/2014 8:26:47 PM PST
by
Rockitz
(This is NOT rocket science - Follow the money and you'll find the truth.)
To: narses
Yet, it persists. Inquiring minds ask “Why?” After all, what use is gold? Or paper backed by government promises? Fungibility is the issue, not utility. Decentralized currencies, unable to be manipulated by political whim is a concept that has virtue.
7
posted on
01/04/2014 8:28:58 PM PST
by
pingman
(In the Land of the Perpetually Outraged, truth is the enemy.)
To: SeekAndFind
three emus and 4 Beanie baby’s for one bitcoin.
Throw in two tulip bulbs too!
8
posted on
01/04/2014 8:29:37 PM PST
by
hadaclueonce
(Because Brawndo's got electrolytes. Because Ethanol has Big Corn Lobby)
To: SeekAndFind
“What are bitcoins?”
The latest Ponzi scheme. :-)
9
posted on
01/04/2014 8:31:16 PM PST
by
Georgia Girl 2
(The only purpose of a pistol is to fight your way back to the rifle you should never have dropped.)
To: Errant
10
posted on
01/04/2014 8:43:21 PM PST
by
Lurkina.n.Learnin
(This is not just stupid, we're talking Democrat stupid here.)
To: SeekAndFind
Bottom line - shut off the electricity and bitcoins cease to exist. Shut off the electricity and my silver coins are still in my hand unchanged.
The govt can get rid of bitcoins at the flip of a switch. Doing that with precious metals takes alot more skin in the game.
11
posted on
01/04/2014 8:46:43 PM PST
by
Free Vulcan
(Vote Republican! You can vote Democrat when you're dead...)
To: SeekAndFind
Bitcoins explained even more simply and quickly:
12
posted on
01/04/2014 8:50:38 PM PST
by
FredZarguna
(Das is nicht richtig nur falsch. Das ist nicht einmal falsch.)
To: Free Vulcan
The Bitcoin network is distributed all over the world. That would be an awfully big switch to flip.
13
posted on
01/04/2014 8:51:55 PM PST
by
Lurkina.n.Learnin
(This is not just stupid, we're talking Democrat stupid here.)
To: SeekAndFind
How hard would it be for some script-kiddie to start counterfeiting bitcoins?
14
posted on
01/04/2014 9:20:45 PM PST
by
Washi
(Stop Obama's War On Jobs)
To: Lurkina.n.Learnin; nascarnation; TsonicTsunami08; SgtHooper; Ghost of SVR4; Lee N. Field; DTA; ...
Thanks Lurkina.n.Learnin.
Click to be Added / Removed.
15
posted on
01/04/2014 9:25:35 PM PST
by
Errant
(Surround yourself with intelligent and industrious people who help and support each other.)
To: SeekAndFind
To: Washi
It would be impossible for someone with a script-kiddie to start counterfeiting bitcoins. Millions of computers have access to the blockchain (distributed ledger) and thousands and thousands of “miners” around the world process and validate entries to this ledger in coordination with each other in increasing layers of security made possible by “audit trails” of all the other previous transaction entries to the ledger.
17
posted on
01/04/2014 9:39:42 PM PST
by
Errant
(Surround yourself with intelligent and industrious people who help and support each other.)
To: SeekAndFind
To: Errant
script-kiddie script
19
posted on
01/04/2014 9:42:23 PM PST
by
Errant
(Surround yourself with intelligent and industrious people who help and support each other.)
To: pingman
Yet, it persists. Inquiring minds ask “Why?” After all, what use is gold? Or paper backed by government promises? Fungibility is the issue, not utility.
Decentralized currencies, unable to be manipulated by political whim is a concept that has virtue. I agree!
20
posted on
01/04/2014 9:45:15 PM PST
by
Aria
( 2008 & 2012 weren't elections - they were coup d'etats.)
Navigation: use the links below to view more comments.
first 1-20, 21-37 next last
Disclaimer:
Opinions posted on Free Republic are those of the individual
posters and do not necessarily represent the opinion of Free Republic or its
management. All materials posted herein are protected by copyright law and the
exemption for fair use of copyrighted works.
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson
