[ 3 / biz / cgl / ck / diy / fa / ic / jp / lit / sci / vr / vt ] [ index / top / reports ] [ become a patron ] [ status ]
2023-11: Warosu is now out of extended maintenance.

/biz/ - Business & Finance

View post   
File: 75 KB, 696x438, Bitcoin-696x438.jpg [View same] [iqdb] [saucenao] [google]
7250855 No.7250855 [Reply] [Original]

Please can you explain me in detail what bitcoin is?

>> No.7250903

Digital decentralized aproved currency

>> No.7250905

https://bitcoin.org/bitcoin.pdf

>> No.7250908

>please spoonfeed me hours worth of reading

Fuck off to reddit

>> No.7250933

>>7250855
kys nocoiner

>> No.7250980
File: 431 KB, 1080x1200, 1512445610957.jpg [View same] [iqdb] [saucenao] [google]
7250980

>>7250855

>> No.7251357

Ok, but what n where you can effectively buy with it? I mean, what about if I want to buy trousers, plates, home, cars or whatever?

>> No.7251367

Death

>> No.7251406

>>7251357
I'm going to assume that you're not a troll.
Just look at a quick 10minute YouTube video. There's no way to learn it all on a Mesopotamian igloo construction union website. And you definitely don't want to trust any information provided on this site

>> No.7251465
File: 145 KB, 645x729, 1512342818833.png [View same] [iqdb] [saucenao] [google]
7251465

If I have 1btc on ledger can I hack it so it will say I have 2btc?

>> No.7251494

>>7251357
Don't worry about the ins and outs of it anon. There's a coin out there called Ripple and it's going to moon, you're literally going to times 200 your money. Good luck

>> No.7251546

>>7251357
BITCONEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEECT.

>> No.7251549

>>7250855
Bitcoin is built upon a blockchain.

A blockchain is basically Google sheets that updates changes in real time.

People compete to append the ledger by using computers to solve complex problems and are rewarded for their efforts.

This allows for a trustable and immutable record transactions without a central authority.

Bitcoin was the first application to use this technology.

>> No.7251623

>>7250855
To be fair, you have to have a very high IQ to understand Bitcoin. Its future applications are extremely subtle, and without a solid grasp of computing and economics most of its possible functions will go over a typical investor’s head. There’s also Sitoshis’s free market outlook, which is deftly woven into his creation- his personal philosophy draws heavily from Robert Malthus, for instance.

The shills understand this stuff; they have the intellectual capacity to truly appreciate the depths of this coin, to realise that it is not just speculation - it says something deep about LIFE. As a consequence people who dislike Bitcoin truly ARE idiots- of course they wouldn’t appreciate, for instance, the brilliance in Satoshi’s brilliant programming method - the “Blockchain,” which itself is a cryptic reference to Haber and Stornetta's Merkle trees. I’m smirking right now just imagining one of those addlepated simpletons scratching their heads in confusion as our lord and savior's genius wit unfolds itself on their computer screens. What fools.. how I pity them.

And yes, by the way, i DO have a Bitcoin tattoo. And no, you cannot see it. It’s for the ladies’ eyes only- and even then they have to demonstrate that they’re within 5 IQ points of my own (preferably lower) beforehand. Nothin personnel kid

>> No.7251662

>>7250855
https://www.youtube.com/watch?v=KTf5j9LDObk

>> No.7251726

>>7250855
ever look at your money and think
i wish those were bits trapped on some chink's harddrive
with the power of bitcoin
now you are

>> No.7251743

>>7251465
no you probably want ethereum

>> No.7252117

>>7251357
>trousers, plates
fuck off boomer