Tech nerds: Explain bitcoins

[AAP]

Plus fake ids and passports!

Sent from my SM-N900V using Tapatalk

never saw a fake id from that place that was worth two cents.

and their roid prices were laughable.

 

[samoth]

BTC up 20% today.

Man, can I short this shit? Wouldn't libertarian neckbeards want a stable monetary unit to replace the evil government fiat currency?

 

[mrplunkey]

I bet you could write a short contract.

There would probably be a lot of takers too. If a faster even more reliable version of SR was setup in a safe-haven country, the value of bitcoins would skyrocket.

 

[mrplunkey]

What SR 2.0 guys should do is figure-out how to setup an ETF where people could invest in their business from the US. Now *that* would be hilarious.

I wonder if it could be setup in a legal way.

 

[ismaele00]

The silk road is shut down. No real need for bitcoin anymore.

Is open again.

 

[samoth]

Is open again.

Yay moar drugs!

Do they only take BTC, or do they take LTC, PPC, and NMC as well? There's like 40 of these damn things now.

 

[mrplunkey]

SR was(is) Bitcoin only.

It even had(has) a built-in tumbler that will send your bitcoins all over the interwebs and cycle them back into your SR account. So for every real transaction, there was probably a few hundred fake ones for NSA to chase.

 

[PICK3]

Mayor, police chief in struggling Kentucky coal town to donate salary in Bitcoins to spur economy


Mayor, police chief in struggling Kentucky coal town to donate salary in Bitcoins to spur economy | Fox News

 

[PICK3]

Someone bought a $100,000 Tesla with Bitcoins - Dec. 6, 2013

 

[poopypants9172]

What can one do with these besides buy drugs and child porn? And what is this mining process?

TYIA

You mine bitcoins with processing cycles but there is a hard coded limit to the number of bitcoins. The whitepaper will answer all your questions...

go to bitcoinDOTorg to get your questions answered.