What exactly *is* a crypto though

[Anonymous No.26115520]

No I'm not talking about the stored 0s and 1s, I mean ontologically.

[Anonymous No.26115554]

whatever you define it to be

next question

[Anonymous No.26115597]

>>26115520
It's a number in a database that moves only for he who holds the key.

[Anonymous No.26115600]

>>26115520
nobody has a legit answer for this, its a literal ponzi, one that you can probably make money off of for the next decade or so

[Anonymous No.26115683]

>>26115520
FUCK OFF YOU NEWFAGS RUIN EVERYTHING JUST FUCKING KYS & DIE

[Anonymous No.26115687]

>>26115520
It's just encryption that has value because it can't yet be broken.

[Anonymous No.26115720]

Fiat representation of value with a handful of trust relationships resolved through special lossy-compression algorithms

[Anonymous No.26115740]

>>26115520
>censorship resistant freedom

[Anonymous No.26115765]

>>26115683
So this is a so-called early investor, I expected something different. Try to think about it, how can you make more money without new people? Think about all possible scenarios my friend and you will lose hostility

[Anonymous No.26115764]

>>26115520

a communication network for transferring and owning numerical values that does not require trust between parties

[Anonymous No.26115792]

A blockchain is a public database, which contains the sum of all transactions within that database. Coins can enter the database through various means. Through creation, mining (verifying transactions and calculating the next block of transactions for the database) or you can receive a coin through transactions. But it's basically just a database entry.

[Anonymous No.26115800]

>>26115520
All value is in a fixed relation to culture and does not exist outside of individuals perceptions of it. To sum it up as simply as possible people think thing is worth more or less and thus thing value moves in parallel with perceptions of worth.

If you're not retarded (or a special kind of retarded) and want to read something meaningful about value this is an interesting read https://www.econstor.eu/bitstream/10419/199106/1/bna-606.pdf

[Anonymous No.26115850]

Ontological definition of "is" itself is pending.
Read Heidegger.

[Anonymous No.26115875]

>>26115520
It's a way to gamble without leaving your house, like online casinos. Just pixels on a screen

[Anonymous No.26115938]

>>26115875
Go to bed, gramps.

[Anonymous No.26116050]

>>26115520
digital scarcity. remember when you had to go to the store to get led zeppelin and now those records are worth 4x the amount because they're out of print? it's kinda like that except everything on the internet.

[Anonymous No.26116637]

>>26115520
reality is virtual

[Anonymous No.26116748]

>>26115765
You sound like a huge faggot

t.2013 bitcoiner