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Post Info TOPIC: An introduction to bitcoin


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An introduction to bitcoin
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I came across this interesting video and thought of sharing it with you intellectuals

 

 

 

 

I'm busy and keeping myself away from the current economy because I got tired of it, I gave up expecting it to get better and my next PC build is on pause for now, cryptocurrency literally became a propaganda and although distancing myself from it gave me peace for the most part, it's still giving me an equal amount of uncomfortable ignorance on how things have developed and are still developing, I fear I won't be part of whatever revolution many internet bots do seek and will be left behind, my best bet is that it crashes as I'm not invested that is all.

 

What do you guys think? Personally I feel like like it's merely a transfer of money, the new way to donate basically, and it's nothing people make it out to be, I would delete its existence if I could, the current system is pretty bad but presenting a finite commodity to the world is either an unrealistic flawed design or a "genius" breach on one of society's major operational defects and making profit from it while hiding the long term consequences as well as the true image of virtual currencies.



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Bitcoin isn't going to be a long term coin... it is too expensive.

Ada now... could be. If I recall in one day where more ADA was transacted than Etherum, the fees were about 5,000 for the whole ada market while it was several million for the ethereum market.

On energy consumption... ADA is also some 30k-40k more energy efficient than BTC

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It was very interesting for me . I'm interested in BTC, but I think it can be quite risky. I want to try mining first. I found bitcoin games https://rollercoin.com/ethereum-faucet , where I can practice my mining skills, build a virtual mining centre and even earn some coins while playing. I hope to earn a few more coins in the near future.



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