Anyone tell what is Bitcoin?

@venda said
A simple question:-
If you make a fortune in a virtual currency what exactly are you going to do with it?

Buy drugs, or pay of MAGAhatters (who will then buy drugs with it). Don't ask what the drug dealers do with it.

@venda said
A simple question:-
If you make a fortune in a virtual currency what exactly are you going to do with it?

https://www.zerohedge.com/geopolitical/iran-arranges-first-import-using-cryptocurrency

I watched a documentary on U.K t.v the other day and there are everyday outlets that accept crypto currency as payment for retail items.
The conclusion of the programme seemed to be it is still a high risk investment.The value can be(and is) controlled by the big players buying and selling the stuff,much like the stock market and crypto is unregulated.
What I didn't realise was there's thousands of different ones on the market so picking the right one to make money on is not gonna be easy.
As for it totally replacing normal currency in the future,I think that 's a long way off if ever.
What happens if there's an internet blackout?
It'd be chaotic

@venda said
It'd be chaotic

And that's quite intentional.

@shallow-blue said
Buy drugs, or pay of MAGAhatters (who will then buy drugs with it). Don't ask what the drug dealers do with it.

https://www.zerohedge.com/crypto/people-who-engineered-record-inflation-want-control-cryptocurency

@metal-brain said
https://www.zerohedge.com/crypto/people-who-engineered-record-inflation-want-control-cryptocurency

Yup, yet more evidence that MAGAhatters like RT... sorry, the official sub-brand is apparently Zerohedge, today... love Bitcoin.