I live on the east coast and things are a little apocalyptic here for sure. No gas anywhere. Heard about some dude goes by the name Toecutter that can hook me up with some.
Glad to see you have some Bitcoin. Hopefully you have some other cyrptos as well. I've been in Bitcoin since 2013 and it has allowed me to become debt free and finacially comfortable. Also I'm now playing with the house's money. BTW the dollar is being ruined because the government is going insane printing money to pay for it's even more insane spending. The dollar is toast. BTW don't ignore having some gold and silver on hand. And now with the Colonial Pipeline down and over 1000 gas staions drained dry (and counting) soon deliveries of other products will be disrupted and lead to more shortages and cause prices to rise even quicker.
The math is very complicated and gets every increasingly complicated. Block chain is a good explanation, and probably correct.
But my hunch is someone is using it to do something else. Decades ago, there was a thing called SETI at home (still going on I guess!) where you would download packets of data from the radio telescopes and use your PC to analyze it for extraterrestrial life. Bitcoin mining is something similar in a way. Guess my engineers brain keeps looking for the angle. What is the value in the equations?
I live on the east coast and things are a little apocalyptic here for sure. No gas anywhere. Heard about some dude goes by the name Toecutter that can hook me up with some.
Glad to see you have some Bitcoin. Hopefully you have some other cyrptos as well. I've been in Bitcoin since 2013 and it has allowed me to become debt free and finacially comfortable. Also I'm now playing with the house's money. BTW the dollar is being ruined because the government is going insane printing money to pay for it's even more insane spending. The dollar is toast. BTW don't ignore having some gold and silver on hand. And now with the Colonial Pipeline down and over 1000 gas staions drained dry (and counting) soon deliveries of other products will be disrupted and lead to more shortages and cause prices to rise even quicker.
The podcast mentioned Gates and Bezos are cashing out. Gates is buying a lot of farm land.
Almost seems like he is betting on high food prices.
Most definitely
My only concern with Bitcoin is how it is mined. What is the math being used for?
As I understand it: to validate the transaction
Yup. Through a distributed ledger that gets the whole system to verify it.
The math is very complicated and gets every increasingly complicated. Block chain is a good explanation, and probably correct.
But my hunch is someone is using it to do something else. Decades ago, there was a thing called SETI at home (still going on I guess!) where you would download packets of data from the radio telescopes and use your PC to analyze it for extraterrestrial life. Bitcoin mining is something similar in a way. Guess my engineers brain keeps looking for the angle. What is the value in the equations?