Posted on 11/21/2025 7:13:58 AM PST by Red Badger
They are having a sale on Bitcoin??? Nice!
I still have no idea what a bitcoin is.
Bitcoin ruination is all part of the plan to usher in Fedcoin...
It’s 1’s and 0’s in someone’s computer, but nobody knows where it is..............
https://en.wikipedia.org/wiki/Bitcoin
“I still have no idea what a bitcoin is.”
I know what it is, but still don’t understand what defines bitcoin’s value. I stay away.
I don’t understand how to value it. I read that it takes lot of energy use to “mine” a bitcoin. Sounds like a lot pollution is required to mine them. Who controls that and what if they decide they will allow bitcoins to be mined with less energy? It just seems so arbitrary.
“I still have no idea what a bitcoin is.”
A file that only the owner can access to transfer to another.
Exactly. It bothers me a lot that Trump is so very pro-crypto. To me, he is just accelerating the inevitable move to a cashless society. Big sigh.
“Who controls that and what if they decide they will allow bitcoins to be mined with less energy? “
Controlled by a code setup by some dude years ago.
As more bitcoin are mined, more computations are required to mine the remaining.
As the code resides on MANY computers, changing the code would be an enormous undertaking.
“I still have no idea what a bitcoin is.”
It is an alternate form of money the the world banking cartel doesn’t control and since there is a finite amount, it can’t be inflated into worthlessness.
“I don’t understand how to value it.”
Its value is determined only by whatever price people are willing to transfer it.
‘
I just learned that a bitcoin isn't rally a coin but rather it's 1 and 0s in a computer and/or a file that only the owner can transfer. And this is worth $80k per "coin"?
Why does bitcoin production require enormous amounts of power?
Well they rolled out Fedcoin along with the replacement for Debt card replacement called Fedach to replace the ACH Clearing House... last year...this is why Trump is killing off these Bitcoin operations as Trump wants to enable Fedcoin to replace the US Dollar so he can link Fedcoin to our Gold Supply which will wipe out the National Debt and drive kill inflation.
“Why does bitcoin production require enormous amounts of power?”
You have to guess a “number” that gives the correct hash value.
Bitcoin getting closer to its inherent value.
One of two reason I won’t touch bitcoin, or any intangible assets.
- Volatility
- You hold nothing - not even a piece of paper or IOU like a stock, bond or the dollar. It’s a vapor asset.
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