#21

Increasing co2 emissions just to generate a virtual currency.

1 Like
#22

I thought ‘I can’t believe how well that fits’ and then I remembered that noughts and crosses is not a sum.

#23

shhh!

#24

Why is that worth money?

Sorry not trying to play the naive innocent alien role here, genuinely don’t get it.

#25

why is any money worth money? people just agree it’s worth a certain amount.

it’s a currency like anything else.

3 Likes
#26

I think it’s too abstract for me. Is it like if all your DiS likes were suddenly a valuable commodity that real people wanted for some reason?

#27

money is pretty fucking abstract. just a thing with a promise on it.

#28

Tulip mania revisited, obviously.

1 Like
#29

the difference is that there’s a finite number of bitcoin. new ones get brought out (or discovered or whatever) by computers, but each new block gets harder and harder to find. so there’s a limited supply, thus regulating the value somewhat.

don’t know why i’m attempting to explain this, i don’t know fuck all about it

#30

I’ve read the thread, I’ve read it all, and I’ve still got absolutely no idea what it is.

#31

a form of currency. but instead of bits of paper it’s bits of numbers in a computer.

the end.

#32

Why does it exist?

#33

it can be exchanged for goods and services the same as any other currency.

#34

2 Likes
#35

But we already had money.

Is it because currencies are always up and down like a lavatory seat due to things like Brexit and arseholes, and this is exempt from that?

#36

lol

#37

Bitcoin, famous for being a stable currency

2 Likes
#38

I don’t know. Hence the questions.

#39

it’s not controlled by any one person or government and can be used anonymously so internet people like it.

it’s value goes up and down just like anything else though

#40

The idea of a decentralised, anonymous currency based on technology suitable for use in a non trust environment is definitely attractive.

But it’s basically like normal money expect worse for the environment, more complicated, and everyone involved in pushing it around are like city bankers but less good company