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Post subject: bitcoin, the blockchain, and cryptocurrency
Posted: Sun July 09, 2017 6:44 am
An enigma of a man shaped hole in the wall between reality and the soul of the devil.
Joined: Tue January 01, 2013 5:13 pm Posts: 39929 Location: 6000 feet beyond man and time.
what you think? I bought a little bitcoin last year just to play around, and holy shit. I've been expecting a bit of a crash to buy again, but its hanging in there.
Post subject: Re: bitcoin, the blockchain, and cryptocurrency
Posted: Sun July 09, 2017 11:48 am
Looks Like a Cat
Joined: Wed April 20, 2016 7:11 pm Posts: 14323
The beanie babies of our time. Block chain tech will be used in lots of places, but it is highly unlikely that any supranational currency will be used for day to day transactions.
_________________ "The fatal flaw of all revolutionaries is that they know how to tear things down but don't have a f**king clue about how to build anything."
Post subject: Re: bitcoin, the blockchain, and cryptocurrency
Posted: Tue July 11, 2017 3:21 am
Looks Like a Cat
Joined: Tue January 01, 2013 11:28 pm Posts: 14558 Location: Space City
I had a feeling this was a Burt thread before I read the author.
When I forgot my debit card the other day the guy behind the counter at the coffee shop told me they accept all forms of payment, even bitcoin. I wasn't sure if he was serious or not. I really don't know what bitcoin is. I ended up using Apple Pay.
_________________
dimejinky99 wrote:
I could destroy any ai chatbot you put in front of me. Easily.
Post subject: Re: bitcoin, the blockchain, and cryptocurrency
Posted: Wed July 12, 2017 4:46 am
An enigma of a man shaped hole in the wall between reality and the soul of the devil.
Joined: Tue January 01, 2013 5:13 pm Posts: 39929 Location: 6000 feet beyond man and time.
Bi_3 wrote:
Block chain tech will be used in lots of places...
I've heard about Steemit and a couple of other social networks that use it to pay content providers. I doubt it will take off, but who knows. It seems really confusing, though.
Post subject: Re: bitcoin, the blockchain, and cryptocurrency
Posted: Wed July 12, 2017 4:50 am
An enigma of a man shaped hole in the wall between reality and the soul of the devil.
Joined: Tue January 01, 2013 5:13 pm Posts: 39929 Location: 6000 feet beyond man and time.
washing machine wrote:
I had a feeling this was a Burt thread before I read the author.
When I forgot my debit card the other day the guy behind the counter at the coffee shop told me they accept all forms of payment, even bitcoin. I wasn't sure if he was serious or not. I really don't know what bitcoin is. I ended up using Apple Pay.
A lot of places take it these days, and you can buy pretty much anything online with it, but the wild swings in value must make it hard to price anything with. It seems like it needs the dollar or some other fiat money around to work.
Post subject: Re: bitcoin, the blockchain, and cryptocurrency
Posted: Thu July 13, 2017 3:15 am
Looks Like a Cat
Joined: Tue January 01, 2013 11:28 pm Posts: 14558 Location: Space City
Give me the gist of bitcoin in a five sentence post. Then edit it to include three sentences on the blockchain after someone posts below it. Please and thank you.
_________________
dimejinky99 wrote:
I could destroy any ai chatbot you put in front of me. Easily.
Post subject: Re: bitcoin, the blockchain, and cryptocurrency
Posted: Thu July 13, 2017 4:34 am
An enigma of a man shaped hole in the wall between reality and the soul of the devil.
Joined: Tue January 01, 2013 5:13 pm Posts: 39929 Location: 6000 feet beyond man and time.
It might be more useful to define a blockchain first: Essentially a decentralized database that acts as an tamperproof ledger that eliminates the need for middlemen, brokers, government agencies, etc. Digital currencies use this technology, but one can see its uses in many areas.
Centralized intermediaries are susceptible to hacking, corruption, fraud, etc and require fees to fund them. A blockchain has none of these disadvantages.
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