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Where did Bitcoin come from

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DLR Pyro:
I'm not too up on how crypto currency, so when I saw this appear on the Cold Fusion channel I follow I gave it a look.  Explains how Bitcoin and online funny money works...

https://www.youtube.com/watch?v=W15A7Lf0_fI

J P Sousa:
Interesting story.

Bitcoin is moving like a stock which makes me very nervous especially now that major financial institutions are jumping on board.
https://www.nasdaq.com/articles/bitcoin-price-chart-shows-bull-fatigue-as-analyst-sees-rising-wedge-2021-03-19

It reminds me of a few stocks I thought were the future until the companies went bankrupt, after screwing the stock holders, they reemerged under different ownership.


Compare bitcoin alternatives: 10 top competitors
https://www.finder.com/alternatives-to-bitcoin

Will bitcoin have it's "1929" ? time will tell.


How Does Bitcoin Mining Work?
https://www.investopedia.com/tech/how-does-bitcoin-mining-work/

Texacon:
Ok, I’ll bite. What is Bitcoin?  I watched the whole thing and I’m either too dumb to understand it, or it’s a scam.

I don’t invest in something I can’t understand. I just watched a 20 minute video that didn’t explain it well enough to me.

KC

thundley4:

--- Quote from: Texacon on March 26, 2021, 01:09:32 PM ---Ok, I’ll bite. What is Bitcoin?  I watched the whole thing and I’m either too dumb to understand it, or it’s a scam.

I don’t invest in something I can’t understand. I just watched a 20 minute video that didn’t explain it well enough to me.

KC

--- End quote ---

I have tried to understand it and had people explain it but ...nope. I'm too old or too dumb.

The only things of value will be brass, lead, gunpowder and guns, WTSHTF.

Texacon:

--- Quote from: thundley4 on March 26, 2021, 02:11:10 PM ---I have tried to understand it and had people explain it but ...nope. I'm too old or too dumb.

The only things of value will be brass, lead, gunpowder and guns, WTSHTF.

--- End quote ---


It seems like the people that explain it are like the people that explain AmWay.

The beginning of the video talks about how they were ‘mining’ Bitcoin ... never does it say what that is or how they’re mining it.

I know I’m not an idiot, but maybe this is beyond my understanding. Either way, I’m not buying any.

KC

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