What even is that? Can someone explain it to me in normal language?
Bitcoin, cryptocurrency, blah blah blah
- Thread starter vraiblonde
- Start date
Bitcoin For Dummies Cheat Sheet
If you're confused about Bitcoin, this primer will get you up to speed quickly, including its origin, what it is, and the lingo.
www.dummies.com
Confused by Crypto? Here’s a Guide to Bitcoin for Dummies
coincentral.com
Amazon product
Fake Money, backed by no one.
Bitcoin For Dummies Cheat Sheet
If you're confused about Bitcoin, this primer will get you up to speed quickly, including its origin, what it is, and the lingo.
Confused by Crypto? Here’s a Guide to Bitcoin for Dummies
Amazon product
There wasn't a single word in either of those links that was helpful, unless bitcoin really is something geeks made up that normal people aren't supposed to understand, and if they do finally start to understand it the geeks will change it.
As far as I'm aware, the local C-stores don't take bitcoin for payment. Neither does the grocery store. Nor do the RV parks. So what good is bitcoin to someone like me, who isn't a geek and doesn't need super secret nerd stuff to be cool?
For what? So far I haven't seen where it has any value.
I've lost count of the internet software/protocols/programming languages/whatever that were supposed to be the big standard, that are now obsolete. I have to laugh at the dummies who rushed to recode their websites in Flash.
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Tulipmania: About the Dutch Tulip Bulb Market Bubble
The Dutch tulip bulb market bubble is seen as the first financial bubble. It occurred in Holland in the early 1600s when speculation inflated tulip bulbs’ value.
The Dutch tulip bulb market bubble, also known as 'tulipmania' was one of the most famous market bubbles and crashes of all time. It occurred in Holland during the early to mid 1600s when speculation drove the value of tulip bulbs to extremes. At the height of the market, the rarest tulip bulbs traded for as much as six times the average person's annual salary.
Today, the tulipmania serves as a parable for the pitfalls that excessive greed and speculation can lead to.
Clem72
Well-Known Member
Pretty sure you won't find an argument, anywhere, that bitcoin is good for someone like you (except for predatory arguments that you should buy it purely as an investment). Right now it's a ponzi-scheme built on a tech demonstration of a kind-of-cool technology (block-chain) that was poorly implemented.
might be hard to make change for that at the grocery store.
kwillia
n/a
On difference from investing in Beanie Babies is that when the bottom fell out of the Beanie Babies boom, you at least had stuffed animals to hug.
PeoplesElbow
Well-Known Member
That's where NFTs come in.
What entity backs that coin? I'm not going to read anything on it - I was just curious how it gets it's worth.
None ... the value is what someone is willing to pay ...... not unlike the Stock Market
as I said Earlier .. The Value of your Dollar is worth about as much ... and as the Fed increases the amount of $$ in circulation with all this stimulus your $ buys less