bitcoin me @rse

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nikos
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bitcoin me @rse

Post by nikos »

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 »

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 »

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 »

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
registered xplorer² pro user since Oct 2009, ultimated in Mar 2012
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