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Thread: Bitcoins gaining credibility and use

  1. #31
    Senior Member jp1's Avatar
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    Quote Originally Posted by iris lilies View Post
    good lord. And this transaction gets you— a bit? A coin???

    No answer needed I am too ignorant to ask real questions I just I just don’t get it.
    No, actually you DO get it. You get that it just doesn't make sense.

  2. #32
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    They are easier to store than tulip bulbs or beanie babies.

  3. #33
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    it seems basically immoral because of the energy consumption yea (although accounting for total lifecycle energy use seems hard to do as it's always "as compared to what?". But still, we do know this stuff burns through energy).
    If you want something to get done, ask a busy person. If you want them to have a nervous breakdown that is.

  4. #34
    Senior Member SteveinMN's Avatar
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    Quote Originally Posted by iris lilies View Post
    good lord. And this transaction gets you— a bit? A coin???
    Well, a representation of a coin. It's a convenient unit of measure, much as paper currency at one time represented an amount of gold. And one Bitcoin is worth almost $US 12,400 today. That's one reason why people go to the trouble of mining.
    Success is to be measured not so much by the position that one has reached in life as by the obstacles which he has overcome. - Booker T. Washington

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