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Post by wickedkittiesmom on Jan 14, 2021 20:05:54 GMT
Not sure if this is the place to post this but can someone explain to me what bitcoin is? Please in simple terms, I'm very stupid when it comes to a lot of this kind of stuff. Thanks.
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Post by Stammerhead on Jan 17, 2021 19:49:26 GMT
This BBC page explains it to children but this old man is still confused. To me it comes across as being nothing more than a digital version of the promise to pay bit on bank notes. www.bbc.co.uk/newsround/25622442
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Post by wickedkittiesmom on Jan 17, 2021 20:27:56 GMT
Thanks, I'm still somewhat confused but I know now that I won't be using it, I don't even have a smartphone yet.
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loofapotato
Junior Member
@loofapotato
Posts: 3,974
Likes: 2,476
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Post by loofapotato on Jan 18, 2021 21:24:23 GMT
I don't know how the mining thing works. But utilities must cost a lot to have computers running 24/7 to mine.
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Post by Stammerhead on Jan 29, 2021 11:17:26 GMT
I don't know how the mining thing works. But utilities must cost a lot to have computers running 24/7 to mine. It makes me think of...
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Post by Shays rebelling on Apr 1, 2021 0:47:50 GMT
Not sure if this is the place to post this but can someone explain to me what bitcoin is? Please in simple terms, I'm very stupid when it comes to a lot of this kind of stuff. Thanks.
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Post by politicidal on Apr 1, 2021 14:52:04 GMT
I don't know how the mining thing works. But utilities must cost a lot to have computers running 24/7 to mine. It makes me think of... Highest level I can remember was like 42 or 43.
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Post by Shays rebelling on May 25, 2021 19:57:04 GMT
Not sure if this is the place to post this but can someone explain to me what bitcoin is? Please in simple terms, I'm very stupid when it comes to a lot of this kind of stuff. Thanks.
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Post by Ass_E9 on May 28, 2021 2:01:41 GMT
Going through this thread, I'm picturing cryptocurrencies as glorified arcade tokens now.
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