My understanding of bitcoin is that it's money in the same way that a tamagotchi is a pet. Except you can actually hold a tamagotchi.
I've heard of bitcoin.
It's reputation as a cryptocurrency for criminals, and reports of content such as illegal pornography in the blockchain, don't exactly enamour me to it.
'Child porn links' on Bitcoin blockchain
It surprises me how recent that article is. Most illicit stuff slowed down with the improvements in analytics making it easier to trace stuff like that.
Let's create a crypto currency tied to the popularity of tamagotchi. x3
I suspect bitcoin's always going to be like this. Cryptocurrencies that make it more difficult for transactions to be traced have a clear appeal to criminals.
There are actually few prominent people who are in bitcoin who are or were furries. Remember Butterfly Labs miners? One of their top guy was a furry. One of the developers for a top wallet who has a popular cryptocurrency YouTube channel is a furry. There's even a guy who is building a bitcoin bank who is a furry.
All I know is that's it's a type of cryptocurrency, but I'm not entirely sure how it has any tangible value.
But I do know this for sure, where there is a Bitcoin thread, you will find Rassah. He knows all about that stuff and has managed to become fairly wealthy from it from my understanding.
I've heard of it, but I do not understand it. At all. Like, the second I start to read about it, my eyes glaze over and my head gets fuzzy.
Looking me, breaking that "furries know everything about computers/the internet" stereotype!
I know it’s a crypto currency and it happens to be popular among the black market or something like that.
My friend almost invested 1,000 dollars in it in 2012 and decided against it. Has kicked himself in the rear ever since.
I always reply to questions about cryptocurrencies having tangible value with a question. How does the U.S. Dollar have tangible value
All currency is valued by the amount of belief we have in it, none of it having any real value otherwise. I suppose the difference with actual money is that it's been around for longer and is something you can actually hold, but still governed by the belief it has any real value.
Cryptocurrency is a good alternative, but feels less trustworthy.
it turned my initial investment of $20 to $140 at the height of it's popularity last year but now it's just $80 :\
we hit a real financial crisis last year and my mom was hellbent on getting as much money as possible so we turned to cryptocurrency for a while.
it didnt really work out lmao
however I'm not touching my investment in hopes that maybe someday, it will spike up again.
I've heard of it, but I do not understand it. At all. Like, the second I start to read about it, my eyes glaze over and my head gets fuzzy.
I really like this kind of discussions, this is really interesting to read people's opinions regarding this subject, opinions which are already 2 years old. Right now, the bitcoin has reached it's top, the peak and the biggest possible level actually. It is almost 30.000 bucks, that is just insane. So, those people who actually thought that the bitcoin would not be living more, so what do you think about it today?
Its a e currency... it once was crazy but in days it wnt to pennies