bitcoin me @rse

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nikos
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bitcoin me @rse

Post by nikos » 2017 Mar 17, 08:48

everyone and their dogs are talking about bitcoin. I think it is a pile of rubbish but this is a nice simple video that explains what the blockchain is all about
https://www.youtube.com/watch?v=_160oMzblY8

sanferno
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Re: bitcoin me @rse

Post by sanferno » 2017 Mar 21, 08:58

I don't trust in it too. I think it all will end in a big cheat.
But, thinking of Paypal, how it assures us its security? We can get up one day with a big surprise in our bank account.

Clearly times are changing, some of these new tools are needed to manage in digital life, but fingers-crossed are handy too. :shifty:

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nikos
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Re: bitcoin me @rse

Post by nikos » 2017 Mar 22, 07:09

paypal is "normal money"
bitcoin has this "public ledger" distributed database that already is in 100s GB in size, and if it was used more frequently, the whole system would break down. People never learn history lessons so every now and then fall for a new bubble

Tuxman
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Re: bitcoin me @rse

Post by Tuxman » 2017 Mar 22, 16:34

Also, Bitcoin had already reached the point where it would actually give you any real value years ago. People fall too easy for buzzwords.
Tux. ; tuxproject.de ; Windows 10 x64
registered xplorer² pro user since Oct 2009, ultimated in Mar 2012

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