To: tet68
amazing how something that doesn't exist can have value, tulips anyone?When the tulips Ponzi scheme collapsed, the owners still had pretty flowers.
When I search for an explanation of what a bitcoin is, I'm told it's created from an algorithm that collects value on the internet. But nobody seems to be able to tell me what that algorithm is.
16 posted on
11/27/2013 7:20:42 AM PST by
grania
To: grania
At least you could eat the tulips.
22 posted on
11/27/2013 7:27:10 AM PST by
tet68
( " We would not die in that man's company, that fears his fellowship to die with us...." Henry V.)
To: grania
When I search for an explanation of what a bitcoin is, I'm told it's created from an algorithm that collects value on the internet. But nobody seems to be able to tell me what that algorithm isWas it algorithm or Al-Gore-ism ?
Are bitcoins like carbon credits ?
34 posted on
11/27/2013 7:55:03 AM PST by
UCANSEE2
(The monsters are due on Maple Street)
To: grania; Ditter
On a more serious note, bitcoins are the modern electronic verion of SCRIP.
A form of non government issued currency.
36 posted on
11/27/2013 7:57:31 AM PST by
UCANSEE2
(The monsters are due on Maple Street)
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