"understanding Bitcoin" 

I feel like people maybe give explanations that are too complex?

What I think people should know:

- it's a virtual currency that's completely unregulated
- it is highly fluctuating in value because people do speculation on it (like the real world stock market)
- the transactions are anonymized (sorta, there's no named associated to them but that's it)
- the combination of all the computers that generate them consume energy in gargantuan proportions and that's the main problem about it

Most other cryptocurrencies are like that too. I don't think it's needed to get into what blockchain and mining is to people

Follow

"understanding Bitcoin" 

@Siphonay i would add that traditional banks also consume a lot of energy and exploit people, so it's not an only cryptocurrency problem

Sign in to participate in the conversation
Pipou Academy

FR : Ceci est une instance queer, qui vise à être aussi confortable et safe que possible. Nouvelleaux élèves bienvenu'es !