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To: Sean_Anthony
I do not understand the appeal of bit coins and crypto currencies at all

There are many things in Bitcoin that will appeal in different ways. Here is one...

Currently when you make an online transaction, you have to provide all the credentials needed to draw money out of an account. All the intermediaries, and there are many involved, have to protect those credentials in order to keep your account based money safe. This is hard to do and costs a lot of money.

Bitcoin solves this problem. Each transaction is digitally signed and only serves to authorize that single transaction. The transaction data does not need to be protected in transit; in fact, all the data is transmitted and stored unencrypted in the Bitcoin system. Its basically like cash for the internet.

7 posted on 12/17/2017 12:23:55 PM PST by Database
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To: Database

.
Until the internet burps!

Then it will be the chemeric wealth you wish that you had spent.
.


8 posted on 12/17/2017 12:27:42 PM PST by editor-surveyor (Freepers: Not as smart as I'd hoped they'd be)
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