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Understanding "Bitcoin"

Posted on 4/7/15 at 8:21 am
Posted by plex
Argentina
Member since Nov 2013
111 posts
Posted on 4/7/15 at 8:21 am
Disclosure: I do not own any bitcoin.
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The goal of this thread is to clear up some of the many misconceptions surrounding "cryptocurrency". My responses will be devoid of (my own) opinion, and will simply aim to help people to better understand the Bitcoin space. Let's see how this goes.
Posted by Croacka
Denham Springs
Member since Dec 2008
61441 posts
Posted on 4/7/15 at 8:22 am to
Bitcoin is still relevant?
Posted by WG_Dawg
Hoover
Member since Jun 2004
86556 posts
Posted on 4/7/15 at 8:22 am to
Did I go back to 2011?

Nobody gives a shite about bitcoins anymore.
Posted by LordSaintly
Member since Dec 2005
38954 posts
Posted on 4/7/15 at 8:23 am to
This is no longer a timely thread. Bitcoins are dying out
Posted by RebelOP
Misty Mountain Top
Member since Jun 2013
12478 posts
Posted on 4/7/15 at 8:23 am to
MoNaY BoArDz
Posted by Salmon
On the trails
Member since Feb 2008
83630 posts
Posted on 4/7/15 at 8:23 am to
Wiki? That you?
Posted by TrueTiger
Chicken's most valuable
Member since Sep 2004
68216 posts
Posted on 4/7/15 at 8:24 am to
Wiki?

Is this your new alter?
Posted by BabyTac
Austin, TX
Member since Jun 2008
12273 posts
Posted on 4/7/15 at 8:26 am to
Glad I never knew what a bitcoin was.
Posted by jose canseco
Houston via Houma via BR via NOLA
Member since Jul 2007
5667 posts
Posted on 4/7/15 at 8:27 am to
quote:

Let's see how this goes


Nah
Posted by goatman1419
Prairieville,LA
Member since Jan 2007
3070 posts
Posted on 4/7/15 at 8:29 am to
Thought Bitcoin went bankrupt???
Posted by Cdawg
TigerFred's Living Room
Member since Sep 2003
59610 posts
Posted on 4/7/15 at 8:33 am to
quote:

Let's see how this goes.


Why would you want to do this?
Posted by Broke
AKA Buttercup
Member since Sep 2006
65050 posts
Posted on 4/7/15 at 8:35 am to
quote:

The goal of this thread is to clear up some of the many misconceptions surrounding "cryptocurrency".


I think we know all we need to know at this point. Ask Wiki and Josh who handed them their asses over this?
Posted by Darth_Vader
A galaxy far, far away
Member since Dec 2011
64790 posts
Posted on 4/7/15 at 8:38 am to
Bitcoin is no more legit money than if I took a post-it note pad and started writing up "Vader Bucks". It's value is based solely on the level of stupidity of some people nowadays willing to fool themselves into thinking Bitcoin is anything more than make believe. It was a fad for a while and like all fads it passes.

That's all you need to understand about Bitcoin.
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