And there isn’t a single resource backing it up. Monopoly Money with delusions of Grandeur.
I’ll get my spare Commodor 64 right on that!
It takes an exploding star to make a Krugerrand.
Waste from bitcoin mines has already polluted the waters of 2,334 rivers around the world.
14,319 bitcoin miners have already been killed in bitcoin mine accidents. There are no safety rules established for bitcoin mines, so mine owners are exploiting their workers by making them work in these hazardous locations.
“the Golden Arcade at Sham Shui Po”
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“Sham” being the operative term when discussing Bitcoin.
I make $22,300 a day (or 2.4 Bitcoins) selling bitcoin ore from home. Don’t miss out on this great parttime work.
Join me at bitcoinponzis@ripme.off
Poor old gamers will have to leave their house and come out into the sunshine of the real world.
I don’t understand this mining.. admittedly, I haven’t educated myself.
How can one just “mine” money?
Like with a cloth?
Can I keep digging in my yard and find random money?
Not only is bitcoin spawning newer CCs (and that bubble is just starting), but it will also spawn new ways to exit fiat without the Communists figuring it out. That's the beauty of tech like bitcoin, it can't be stopped.
Bitcoin is not a currency, and it not crypto anything. It is an amazing scheme concocted by computer geeks for extracting money from gullible people.
It is nothing but saved electrons.
“Mining” is a metaphor for running some computer code that produces a new number which is then declared to be worth something. It is worth nothing until it is converted to money. The quoted price is the last recorded selling price. It is not an indication of worth. Worth does not exist until a sell transaction is executed.
If you buy bitcoins, it is speculation. You could lose all your electrons. Your electrons are not insured by the federal government.
I was re-writing an old computer game that I coded about thirty years ago. Due to unexpected bugs the program didn’t work right. Instead of awarding points for winning the game, it started issuing bitcoins. I hope I can fix it.
That’s why they use someone else’s electricity or your computer when you visit their site
Venezuelans are mining BTC & other cryptos to stay alive:
https://www.theatlantic.com/magazine/archive/2017/09/big-in-venezuela/534177/
Related:
http://www.freerepublic.com/focus/f-news/3623730/posts
Although I believe that bitcoin is just one of the ways being tested to create a cashless system, I do wish I knew how to get in on the ground floor and create them.
Finally someone found a use for windmills.