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/biz/ - Business & Finance

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6793265 No.6793265 [Reply] [Original]

>spend all day trading and researching cryptocurrency
>have no idea what 'cryptocurrency' or 'blockchain' even is

>> No.6793290

Same, and I made 30k from this shit

>> No.6793293

who cares just buy some and get rich nigga

>> No.6793358

Same. I bought VeChain cause some early Facebook investor bought VeChain.

I keep hearing things about moon and lambos.

I think I might retire thanks to rich people buying VeChain.

Fuck I was born at just the right time.

>> No.6793375
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6793375

>>6793265
It's a cryptographically secured network where the working nodes within the network build a chain of data, the so called blockchain, that stores every transaction ever made. Once in the blockchain a transaction cannot be reversed, no one can monitor your transaction or prevent them from happening.

What is so hard to understand about this?

>> No.6793427
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6793427

>tfw normans ask you to explain crypto and im just like "hahah, it's too complicated to explain" but i dont even know myself

>> No.6793459
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6793459

>>6793375
I...

>> No.6793550

Blockchain is a "ponzi scheme".

You put money in the blockchain and wait. Someone else sends money to it and you get their money. Only the early blockchainer wins.

>> No.6793636

>>6793550
Wrong

>> No.6794367

I just know blockchain speeds up transactions and that saves millions for companies or some shit. Honestly, I don't like technology very much. I just want this shit to make me rich and that's it, fuck the rest