[ 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: 178 KB, 685x449, 1497323266628.png [View same] [iqdb] [saucenao] [google]
2546274 No.2546274 [Reply] [Original]

Just tried explaining to my wife that a "coin" is nothing. It's just a mark on a big ledger that everyone can look at and go "Yep. Bob has 2 Bitcoins. This big record says so." She's not getting it.

>Why can't you make your own ledger and give yourself lots of money?

>> No.2546280

Why are you trying to explain something to a woman?

>> No.2546286

>>2546274
you literally can

can you make people believe in your ledge tho?

>> No.2546288

>You can, but no one will want to use your ledger

>> No.2546294

>>2546274
>trying to teach something related to money to a woman

>> No.2546303

>>2546274
>why not just make your own facebook

>> No.2546309

>>2546274
Are you dumb?
You "can" make a ledger and give yourself tons of that money, but it's not going to be worth shit unless other people are willing to buy it for a certain price.
Bitcoin has many features that make it valuable.
Reminder that the dollar is only 4% of what it was 100 years ago. And it's not backed by shit and can be printed by a private institution,

>> No.2546311

>>2546274
>Why do POS coins exist?

>> No.2546317

>>2546274
All she understands is that you are able to raise her son.

>> No.2546326

>why not just print your own currency
You can by all means.

>> No.2546328

https://www.youtube.com/watch?v=_160oMzblY8

>> No.2546362
File: 100 KB, 1298x1067, 1495099750856.png [View same] [iqdb] [saucenao] [google]
2546362

>>2546274
>>Why can't you make your own ledger and give yourself lots of money?
But you can.
It's called an ICO, and if you do it right, you make lots of money.
And if you just do it like whatever… you still have a lot of coins.

>> No.2546433

>>2546326
>>2546288
Now she's saying
>Ok so then why are you spending our money on nothing?

She thinks I'm trying to say coins are like checks that you can take to the bank and the bank gives you money for it.

I'm trying to explain that no, there is no "money" to be given here. Just another notch in the ledger which says you do or do not own some of this thing.

Her response is
>Well can you actually buy anything with it?
I said yeah, a lot of places are accepting it now and there are debit cards for it.
>So that means it's money..
Yeah sure, but you can essentially get more of it by solving math problems...with a computer...