Imagine, if you will, an ever-increasing investment interest in...say...tulip bulbs....
I second 99bitcoins. Here’s a link to a playlist of his, complete beginner’s guide to bitcoin; https://www.youtube.com/playlist?list=PLU52pNodXIGdM6XDgHVG7DsPytlsrR_6b
Nice short succinct video lessons.
Something I wish I had bought in to at 100.00. I’d be rich!
But it sounded like a Ponzi scheme...
https://www.freecodecamp.org/news/explain-bitcoin-like-im-five-73b4257ac833/
This is a good explanation.
To add on to your question, I want to know if Bitcoin and other cryptocurrencies stay in the ether and are for bartering only. If I have $10 million worth of Bitcoin, is there any way to trade it for cash, or can you only use it to purchase tangible items from those who will accept Bitcoin as payment?
If you can sell your Bitcoin to others for cash, how do you protect the transaction so that neither the seller nor buyer gets ripped off?
Ahh, the age old question.
Andreas Antonopolous on YouTube is credible and not a shill. He will explain basic to complicated. Start with him.
Bkmrk
Evidently some countries are adopting bit coin, which is claimed to drive the price of it down- so I’d be cautious with it- unless you wanna gamble on shorting the stock if they have stock? I dunno- not really following it- just saw a few articles on countries adopting it and possibly tanking hte high prices for it as a result
A bit late to the party, are we?
when the Bitkoin operator decides to unplug his website,
the “investors” will find out (in a hurry) what it was all about
I’ve had some bitcoin for about 5 years. Really got into it just out of curiousity, not to make money, although obviously have. I’ve bought music, clothes, and made some donations with it. I think blockchain tech (doesnt have to be bitcoin) should replace credit cards online. That way a third party snooper would have totally worthless info after the transaction cleared (seconds).
It is an attempt to create a global currency independent of the Rothschild/Federal Reserve banking monopoly and its control of the global population.
I support the idea, but I am not sure it is sustainable.
It uses blockchain, a publicly distributed accounting system that is almost (operative word “almost”) impossible to embezzle.
It is also publicly auditable. Anybody can examine it and see all the transactions conducted by any entity, including government.
A world where anybody could audit government would be a completely different world.
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.)
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.
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
Bookmar