3 ms·
Is Bitcoin a good idea?
- nwmcsween 15y agoThe comments are again, just like the last n articles wrong. > ...."algorithm" which through some convoluted mechanism allows Bitcoins to be "mined". Essentially it randomly allocates Bitcoin to early adopters... No it doesn't, transactions use a proof-of-work to verify the transaction, this is what makes it secure and why 'miners' are given bitcoins. Think of it as payment for a service. The other points I can't really comment on, except to look on bitcoincharts.com in 30 days there has been over 4 billion USD exchanged... money talks right.
- deleted 15y ago[deleted]
- drtse4 15y ago4 million.
- drtse4 15y agoBig thread on reddit: http://www.reddit.com/r/Economics/comments/hdqi8/bitcoin_is_a_ludicrously_bad_idea_it_is_a_scam_a/ http://www.reddit.com/r/Economics/comments/hdqi8/bitcoin_is_...