Dude you mine a Bitcoin for $19,000 US dollars in hope somebody buys it for more? You know you are screwed if nobody buys it right? @walrus
Dude you mine a Bitcoin for $19,000 US dollars in hope somebody buys it for more? You know you are screwed if nobody buys it right? @walrus
https://mobile.nytimes.com/2017/10/2...ww.google.com/
Here is a nyt report on floyds crypto. I've read that something he was involved with has been accused of being a scam
China stepped up pressure on cryptocurrencies, with a ban on initial coin offerings (ICOs) and the closure of domestic bitcoin exchanges.
It is a fraud. Even ask Jamie dimon of JP Morgan
Bitcoin is backed by nothing and it's just an idea floating in the air it is absolutely back by nothing
https://www.marketwatch.com/story/on...ion-2017-12-18
U can't be this price prediction
Bottom line Futures will kill it
What the hell is it? FFS bitcoin is software that forms a decentralized, peer-to-peer payment system with no central authority like the Federal Reserve or U.S. Treasury. ....but at the moment, most investors arenât really using it as currency to pay for things. Instead, theyâre using it as a speculative investment to buy in the hope of turning a profit. Maybe a big profit. (And maybe a big loss).
Hereâs how much bitcoin he has generated so far: 0.000000071589. At the current rate, it would take him about 1,200 years to mine one complete bitcoin. That gives you a sense of how complex it is to mine bitcoin, and how much processing power it takes: These computerized mining rigs throw off so much energy that they can heat your home.
You canât touch a bitcoin because itâs essentially software. You may have seen images of gold coins with a âÉâ on them. Those are souvenirs that canât be converted into actual bitcoin. But theyâre better for illustrating news stories than the streams of numbers and letters that resemble the actual blockchain.
Ps possible crash today
There is another crypto called Bitcoin cash, it just popped up on the exchange I'm on at 3,000usd in one hour it is up over 8,000usd I don't know what to say
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