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/biz/ - Business & Finance

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16093049 No.16093049 [Reply] [Original]

How do you BTFO normies who ask you this question? There's gotta be a one or two sentence summary you can throw at them instead McCooming.

>> No.16093062
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16093062

It's a compooter that u can't turn off

>> No.16093082

An immutable digital ledger for transactions/data

>> No.16093103
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16093103

>>16093049
A verifiable and immutable digital ledger

that's literally all you have to say

>> No.16093104

>>16093082
wut

>> No.16093121

I say "it's like multiplayer checkbook that you can't forge for technical reasons, this has value because people can fraud each other less"

>> No.16093145

>>16093049
its a linked list with transaction data in it.

>> No.16093293

>>16093049
A distributed ledger/database that can't be altered by any centralized party.

>> No.16093300

A never ending story

>> No.16093303

>>16093049
A system to get me lambos

>> No.16093304
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16093304

>>16093049
it's a rocket ship to financial slavery

>> No.16093309

>>16093145
>wuts a linked list?
>wuts a ledger?
>why cant it be altered
prepare for normie questions

>> No.16093330
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16093330

>> No.16093331

>>16093049
To be honest lad, blockchain is something that is not even necessary

>> No.16093351

>>16093293
If you had enough computers could you change the ledger?

>> No.16093417

>>16093049
data structures that are cryptographically linked by hashes...I think

>> No.16093446

>>16093351
Yes actually

>> No.16093536

>>16093351
Technically yes. You would need 51% of the computing power to start changing the ledger. But it can not be done without being discovered, and counter measures can be taken.