Anyone tell what is Bitcoin?

Anyone tell what is Bitcoin?

Technology

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Joined
18 Jan 07
Moves
12469
10 Aug 22

@venda said
A simple question:-
If you make a fortune in a virtual currency what exactly are you going to do with it?
Buy drugs, or pay of MAGAhatters (who will then buy drugs with it). Don't ask what the drug dealers do with it.

MB

Joined
07 Dec 05
Moves
22048
11 Aug 22

@venda said
A simple question:-
If you make a fortune in a virtual currency what exactly are you going to do with it?
https://www.zerohedge.com/geopolitical/iran-arranges-first-import-using-cryptocurrency

Dave

S.Yorks.England

Joined
18 Apr 10
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83849
12 Aug 22

I watched a documentary on U.K t.v the other day and there are everyday outlets that accept crypto currency as payment for retail items.
The conclusion of the programme seemed to be it is still a high risk investment.The value can be(and is) controlled by the big players buying and selling the stuff,much like the stock market and crypto is unregulated.
What I didn't realise was there's thousands of different ones on the market so picking the right one to make money on is not gonna be easy.
As for it totally replacing normal currency in the future,I think that 's a long way off if ever.
What happens if there's an internet blackout?
It'd be chaotic

Joined
18 Jan 07
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12469
13 Aug 22

@venda said
It'd be chaotic
And that's quite intentional.

MB

Joined
07 Dec 05
Moves
22048
05 Oct 22

@shallow-blue said
Buy drugs, or pay of MAGAhatters (who will then buy drugs with it). Don't ask what the drug dealers do with it.
https://www.zerohedge.com/crypto/people-who-engineered-record-inflation-want-control-cryptocurency

Joined
18 Jan 07
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05 Oct 22

@metal-brain said
https://www.zerohedge.com/crypto/people-who-engineered-record-inflation-want-control-cryptocurency
Yup, yet more evidence that MAGAhatters like RT... sorry, the official sub-brand is apparently Zerohedge, today... love Bitcoin.