/biz/ - Business & Finance

>>23849402
ok so picture a pyramind that does nothing where the earlier you are the closer to the top you are and then you shill the shit out of the ponzi to get others to buy

>>23849402
Ok imagine if you put the universe into a cardboard roll and cut it in half. You’d be left with about half right? That’s kind of like Bitcoin.

It’s just a convoluted block cypher. It’s not particularly innovative in the cryptographic sense.
But the fact it rolls its transactions into an immutable ledger is what makes it a neat asset.

Still garbage as a standard for cryptocurrency.

>>23849402
peer-to-peer electronic rupees transfer network
buy BSV

>>23849402
proof of work distributed ledger technology. bitcoins themself are digital tokens that are rewarded for completing a mathematical calculation used to cryptographically secure the data on the ledger

>>23849402
A Distributed Ledger where changes are governed by public-private key encryption and incorporated with a hash-key mining consensus algorithm.

you know a hotdog
now one day, a guy named satoshi nato, puts in two sausages instead of just one. thats bitcoin. genious stuff

>>23849433
checked kekked based

a magical almost-foolproof money multiplier

>>23849402
It’s like a digital coin stored on your hard drive and a mysterious woman named Satoshi Nakamoto sends the coins to people randomly every day kind of like the lottery. No one knows who Satoshi is or how/why she creates the coins and sends them to people.

There’s lots of people that don’t even believe in Satoshi or bitcoins at all.

Of course there’s a bunch a copy cat Russian scam artists claiming to be Satoshi like some Russian freak named Vitaly Butaine and a fatass named Segio Nazareth...but they’re obvious Russian scammers.

I wouldn’t worry about it. You have a better chance of winning the powerball than getting a Bitcoin.

Google "onecoin" and you will see what it is copied from

ask your self 'what exactly is a dollar'?

>>23851043
That’s dumb, dollars are tangible, backed by the govt, and you can roll them up to snort pills

>>23849402
I won't get too scientific but it's magical internet monopoly money.

>>23851111
fuckin checked.

>>23849880
Wasn't Sergio the guy who started Theranos?

>>23849880
Kek I love how Nazareth slips out because you know it's true.

>>23849402
a fancy linked list.

>>23849402
https://youtu.be/bBC-nXj3Ng4

This video explained it all to me. I can never be confused again and if I hit my head I’d rewatch that video.

>>23849402
something you use to buy ethereum and chainlink with

>>23849484
>first global reserve currency not dominated by a country
>who controls if you can buy Bitcoin?
>who owns most of the Bitcoins?

>>23851790
thanks for the video fren

>>23849402
A ledger stored on many computers

>>23849402
>"it doesn't really matter what the underlying instrument is, as long as you can provide a market for it and hedge out the risk, it's worth trading"
-FTX CEO Sam Bankman Fried

>>23849402
A device designed to lead you off your true path and give you false hope of financial freedom being just around the corner.

It transfers a Lambo from the dealership to your garage.