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can someone explain the bit coin thing


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12 replies to this topic

#1 cpunoob

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Posted 02 February 2018 - 09:58 PM

how its earned, and why its worth what its worth?

 

 



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#2 computerboy92

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Posted 03 February 2018 - 11:13 AM

my friend said it s online money he has 1 million coins



#3 Conder

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Posted 03 February 2018 - 07:20 PM

Bitcoin is a decentralized cryptocurrency (or digital currency, simplified but less accurate). It can be earned only through mining (like all other cryptocurrencies), but Bitcoin mining nowadays requirers enormous computing power (ASIC miners) to be profitable, due to high number of miners (and thus high difficulty). So the only available option to get Bitcoin is to buy Bitcoin for real money. You can read more about Bitcoin and cryptocurrencies on Wikipedia or try googling "bitcoin explained" and you will find everything you want. And the price, its just the market value.



#4 NickAu

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Posted 03 February 2018 - 07:45 PM

 

my friend said it s online money he has 1 million coins

1 bit coin is worth 9184.00 US Dollar's, Your friend is worth close to 10 billion us dollars, that would put him in the top 10% of the worlds richest people.

 

Even if it were true I would love to see him try and sell a million coins.



#5 PerspectiveObjective

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Posted 08 February 2018 - 08:25 PM

How about the bit mining goodies latched on like ghost spiders to people's systems, toys, boxes etc. viewing movies eh? any takers hahahahaa!


Oh those are really nice, where`d you get them done at? YOUR NAILS SILLY! Banter/Wit is a primary member requirement to colossal project solution.  Not to toot my horn......          (                (        (       (     :trumpet: but, who else will!? teeehehehehehheeee!~~~8 : P Additionally::: "Do, or do not. There is no try." - Yoga


#6 t3dus

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Posted 14 February 2018 - 11:32 AM

my friend said it s online money he has 1 million coins

:hysterical:


Edited by t3dus, 14 February 2018 - 11:32 AM.


#7 The-Toolman

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Posted 22 March 2018 - 06:58 AM

Investment for the ignorant and stupid. :hysterical: :hysterical: :hysterical:

 

I have yet to see anyone show me anything anywhere that they bought using Bitcoin or actual money in hand made from Bitcoin.

 

The only ones I see making money are the computer graphics card and memory manufacturers who sell high powered computer parts to the people doing the mining.


Edited by The-Toolman, 22 March 2018 - 09:16 AM.

I'm grumpy because I can be not because I'm old.

 

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#8 petewills

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Posted 22 March 2018 - 08:23 AM

It's all very well having bitcoins in a bitcoin wallet.

Just try converting them to cash - good luck with that.

So volatile, they could be worth nothing tomorrow.



#9 Bezukhov

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Posted 22 March 2018 - 09:20 AM

This makes me nervous.

Jack Dorsey expects bitcoin to become the world's 'single currency' in about 10 years

https://www.cnbc.com/2018/03/21/jack-dorsey-expects-bitcoin-to-become-the-worlds-single-currency-in-about-10-years.html
To err is Human. To blame it on someone else is even more Human.

#10 The-Toolman

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Posted 22 March 2018 - 04:04 PM

Nothing supersedes cash money except a 45 ACP. :thumbup2:

 

If you haven't invested in Bitcoin why are you concerned or worried. :scratchhead:

 

I don't see it happening in my lifetime. :nono:


Edited by The-Toolman, 23 March 2018 - 09:00 AM.

I'm grumpy because I can be not because I'm old.

 

The world is what you make of it, if it doesn't fit, you make alterations.

 

Under certain circumstances, profanity provides a relief denied even to prayer.  (Mark Twain)


#11 jayshi19

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Posted 28 April 2018 - 08:12 AM

Bitcoin is a virtual currency and payment method which was invented by a mysterious figure, Satoshi Nakamoto. Bitcoin is truly decentralized, open-source and uses the concept of Peer-to-Peer exchange. This means that users can exchange bitcoins and make transactions without any central system, middleman or intermediary..

an initial coin offering is used by startups to bypass the rigorous and regulated capital-raising process required by venture capitalists or banks. In an ico campaign, a percentage of the cryptocurrency is sold to early backers of the project in exchange for legal tender or other cryptocurrencies, but usually for Bitcoin. but one should choose icos to invest carefully, it's better to search the web for best ico review, they can give you crear info about the things..



#12 The-Administrater

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Posted 29 April 2018 - 12:09 AM

Bitcoin is a decentralized cryptocurrency (or digital currency, simplified but less accurate). It can be earned only through mining (like all other cryptocurrencies), but Bitcoin mining nowadays requirers enormous computing power (ASIC miners) to be profitable, due to high number of miners (and thus high difficulty). So the only available option to get Bitcoin is to buy Bitcoin for real money. You can read more about Bitcoin and cryptocurrencies on Wikipedia or try googling "bitcoin explained" and you will find everything you want. And the price, its just the market value.

 

 

So why doesnt NASA use their supercomputers to help fund all that Martian stuff?. Likewise the USAF to buy more fighter planes etc. 



#13 NickAu

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Posted 29 April 2018 - 12:21 AM

Crypto currency reminds me of The dot-com bubble.






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