Posted on 09/18/2021 11:11:09 AM PDT by jagusafr
Can somebody suggest a basic tutorial on bitcoin/Blockchain essentials?
Yes it did.
I live in a very rural Kentucky county. We have a small grocery store near where I live. Today I noticed something new in the store, a Coin Cloud Buy and Sell Bitcoin vending machine. Seems very out of place in my neighborhood. I’d never seen one before.
Bitcoin is a digital encrypted currency.
If you want to a fairly good tutorial on bitcoin and other topics, you can check out Naomi Brockwell at https://www.youtube.com/c/NaomiBrockwellTV .
She’s well informed, and will take you from novice to expert in a very short time (and she’s an very hot Aussie redhead to boot.)
I bought $250 worth of crypto it climbed to $450, I withdrew $300 and then later withdrew the other $150.
I used coinbase but a lot of people say you should keep it in your crypto wallet instead of an exchange. Reason being, if the exchange goes belly up, you lose your crypto. I wasn’t worried about it since it was only a few hundred and coinbase isn’t some rinky dink outfit.
Bitcoin and related cryptocurrencies are an alternative to fiat currency in the internet/computer age. How it works and a comprehensive explanation of what it can do is beyond the scope of this medium, except to provide links to sources of information for your further edification. It’s quite a journey now; like to drinking from a fire hydrant.
crypto sits on a blockchain. A blockchain is basically a decentralized database with a copy residing on thousands of individuals’ computers.
It’s not one guy with a website.
Why comment on something you obviously know nothing about?
If you look under your computer table, you can find little teeny things that you would normally think of as dust...
However, they are probably “bits” that leak from your computer...
Sweep them up, spit on them, roll them into a wad and you have a bitcoin...
11,000 cryptos and counting
11,000 cryptos and counting
Interesting! I live in WV and have seen nothing like that here. Although, the techies at the small bank I worked for are into cryptocurrencies. Out of 3 local banks in town, it was the only one that made it easy to register with crypto exchanges.
I thought that would get a good reaction. Thanks!
(as for my bank, yes I trust it very little indeed. In past years, much more than today. Perhaps the turning point was when their mortgage lending officer lied about there being no fees in a loan, then tried to rush us into signing. In the 21st of the 22 loan documents, he’d hidden some $2,000 in secret fees....)
thank you
Bookmar
A vending machine?? Now I’ve heard everything.
The answer to a question nobody asked?
He's just holding up a long-time FReeper tradition.
It’s electronic internet money. What could possibly go wrong?
Bookmarking to be entertained in a few years. Just like Katy Couric and Bryant Gumbel learning about the internet.
In a nutshell, bitcoin is a complete electronic commodity, with 6 times the volatility of the gold market.
Bitcoin values ard arbitrary, like fiat money, but without any govermental issuance or control, thereby the stated value remains the same, no matter which natoon conducts transactions.
Lastly, you need THOUSANDS of dollars to purchase 1 bitcoin.
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