What the heck is Bitcoin?

Today | Jagusafr

[minnesota_bound]

#2 You have summed it all up.
https://en.wikipedia.org/wiki/Tulip_mania

[minnesota_bound]

Do not lose your bitcoins like these guys did!

The Big Bang Theory - The Bitcoin Entanglement
https://www.youtube.com/watch?v=Cc-Hbklizzk

[antidemoncrat]

Hey. You can invest in any type of money you want. I still like paper money, silver and/or gold ... stuff you can touch. I believe if China, Iran. N Korea or Russia ever think they could get away with presenting us with a nuclear EMP all that electronic money and pretty much all electronics will disappear in a flash.

[Vermont Lt]

You read too much doom porn. An EMP “might” take out a city. But not the world. The blockchain is distributed to avoid exactly this.

Plus, an EMP would trigger a nuclear war—and no money would be worth anything if that happened.

[George from New England]

Bitcoin is the ability to send and receive monies AND BYPASS the up to 4.5% the credit cards charge per transaction.

With btc the %age is like 0.2 %

Major banks lose massive fees when btc is used.

[neefer]

Tulip mania was based on a perishable commodity and lasted from 1634 to 1637. That's 3 years.

Bitcoin is a cryptographic unit of currency with a finite quantity, created in 2008 as an alternative to centralized fiat currency. Thirteen years later, its value is currently at $47K with thousands of cryptocurrencies in its wake. Yeah, it's exactly like a tulip < /sarc >

[Terry L Smith]

With the across-the-millenium 20 plus %ages credit card “charges” (rape) of the consumer by the banks, they could stand a minor loss.