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/biz/ - Business & Finance

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11673470 No.11673470 [Reply] [Original]

>> No.11673476

A Ponzi scam

>> No.11673481

>>11673476
thats it?

>> No.11673490

>>11673470
Shit people think is valuable

>> No.11673496

Digital coins.

>> No.11673497

>>11673490
really thats it? these answers dont make it seem very good at all

>> No.11673504

>>11673497
Bitcoin is a store of value.

>> No.11673510

bitcoin is peer to peer electronic CASH

>> No.11673724

>>11673470
its a thing that keeps tracks of numbers where everybody can see all the numbers

>> No.11673842

It's like an iphone app for your wallet

>> No.11673850

>>11673497
There are only 21 million of them, so it's relatively rare.

>> No.11673856

Internet meme money

>> No.11673867

0's and 1's.

>> No.11673875

Cash 3.0

>> No.11673877

>>11673470
its what would happen if the fed was required to post all transactions and record for every bill in circulation and have a transaction history of each piece of paper that moves around. And they were not allowed to make any new bills but instead we made the bills and signed them and handed them over to be put into circulation.

All while being trustless and so far un-hackable.


BUT MUH PONZI SCHEME!!!! Fucking brainlets.

>> No.11673878

>>11673470
A failure
No one uses it as a currency

>> No.11673896

Tokenized spent energy.

>> No.11674850
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11674850

>>11673470
Read this and click on other links and read them and read the whitepaper
If you still can understand, ur a brainlet and shouldn't buy any

>> No.11674854

>>11674850
https://en.wikipedia.org/wiki/Bitcoin

>> No.11674856

>>11673470
Cant tell if this is a larp or not. But to answer. Who the hell knows.

>> No.11674866

>>11673470
Its an electronic transaction ledger whose history cant be altered.

>> No.11674899

Imagine if leaving your car idleing could solve sudoku puzzles and you could use that to buy heroin

>> No.11674951

First non debasable currency in history

>> No.11674986

computers

>> No.11675027

bitcoin is like dollar but it travels by the wires, if you look deep enough with the microscope, you can see bunch of 1 and 0, bitcoin have alot of numbers, and theres only 21 million of them so inflation is not gonna hurt bitcoin like never

>> No.11675052

austrian economics cooked into a global distributed consensus ledger secured by a difficulty adjusting SHA-256 algorithm

>> No.11675054

>>11673877
This is the most intelligent answer here.