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/biz/ - Business & Finance

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27068761 No.27068761 [Reply] [Original]

my dad came today asking me what the central authority in bitcoin is. coinsider how profound that question is, coming from my 70 year old father who doesn't know I hold BTC. it's snowballing

>> No.27070949

the closest thing to a central authority is Luke Dashjr

>> No.27071199

>>27068761
God is the central authority, being a 70 yo boomer he should know that

>> No.27071330

>>27071199
This

>> No.27071747

>>27070949
>Luke Dashjr
Moral Catholic man doing what's best for the consensus.
>>27071199
>God is the central authority
This checks out too

>> No.27071877

You told him it was chinese miners right?

>> No.27072024

>>27071877
Hmm, no that doesn't sound right considering the bcash blow up and 2017 NYA vs UASF debacle.

>> No.27072356

>>27071877
I actually explained the intricacies of both social and protocol based consensus and he understood. Mostly he hates banks, the system, and likes the idea of an unforgeable currency.

>> No.27072501
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27072501

the only correct answer

>> No.27072666

>>27068761
your dad came?

>> No.27072749

>>27072666
*to me

>> No.27072911

>>27072666
>>27072749
fuck you I'm a europoor and also drunk, cut me some slack

>> No.27073162
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27073162

>>27072911
lol it's 4chan,
I was explaining the electricity put option mining brings to the electricity grid to my 90 year old grandpap, and he thinks bitcoin is going to be the next big thing.