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Dutchess_III's avatar

What is bit coin?

Asked by Dutchess_III (46829points) May 28th, 2021
8 responses
“Great Question” (2points)

As asked.

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SQUEEKY2's avatar

This is just a copy and paste..
Bitcoin is a decentralized digital currency, without a central bank or single administrator, that can be sent from user to user on the peer-to-peer bitcoin network without the need for intermediaries. Wikipedia

SQUEEKY2 (23134points)“Great Answer” (1points)
RedDeerGuy1's avatar

A computerized cloud currency.

RedDeerGuy1 (24489points)“Great Answer” (0points)
zenvelo's avatar

A computer generated, digital Ponzi scheme.

zenvelo (39434points)“Great Answer” (9points)
LuckyGuy's avatar

@zenvelo gets the prize!

LuckyGuy (43695points)“Great Answer” (3points)
Kropotkin's avatar

A fake commodity cult.

Kropotkin (13801points)“Great Answer” (4points)
kritiper's avatar

A Communist plot to use 20% of the world’s electrical power to cool huge banks of computerized calculators. (But seriously, the Communist plot bit isn’t true.)

kritiper (25757points)“Great Answer” (3points)
Response moderated (Spam)
SnipSnip's avatar

Value that can be exchanged from person to person privately with no bank involved. I recently read this statement. That is the entirety of my knowledge on this subject.

SnipSnip (6794points)“Great Answer” (1points)

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