Started By
Message

re: Finally Sold all my Bitcoins Today

Posted on 4/7/15 at 12:49 am to
Posted by lsufan9193969700
3 miles from B.R.
Member since Sep 2003
55171 posts
Posted on 4/7/15 at 12:49 am to
I still don't know what a bitcoin is...
Posted by Hopeful Doc
Member since Sep 2010
15056 posts
Posted on 4/7/15 at 12:53 am to
In short, a currency that's accepted in a fair number of places.



Longer, simplified/basic version- guy decided to create a currency that could be used anonymously. For it to have value, it had to be slowly released to keep value. There is a machine that creates ridiculously difficult equations. You have your computer (or a group of them) solve it, and it awards you a bitcoin. The equations get harder and the rewards smaller, making them more difficult to come by. They're an intrinsically worthless string of numbers given value by supply and demand for their total anonymity and lack of regulation.
first pageprev pagePage 1 of 1Next pagelast page
refresh

Back to top
logoFollow TigerDroppings for LSU Football News
Follow us on Twitter, Facebook and Instagram to get the latest updates on LSU Football and Recruiting.

FacebookTwitterInstagram